Mangalam Alloys
MAL NSE
Mangalam Alloys
Consumer GoodsNSE: MAL BSE: MAL Jewellery & Watches
Key Fundamentals
SMEIron & Steel ProductsIndustrial ProductsMarket Cap
₹120 Cr
Volatility
High Risk
P/E Ratio
7.8
EBITDA
₹24.70 Cr
Return on Equity
-0.02%
Debt to Equity
1.87
Book Value
₹63.94
52W High
₹46.4
52W Low
₹30
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Stock is trading at 0.76 times its book value
- Company has delivered good profit growth of 32.7% CAGR over last 5 years
Weaknesses
5- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.1% over past five years.
- Company has a low return on equity of 10.1% over last 3 years.
- Promoters have pledged 54.2% of their holding.
Growth Rate
Revenue Growth
3.08% lower than
3Y
Net Income Growth
-100% lower than
3Y
Cash Flow Change
-66.07%
ROE
-99.81% lower than
3Y
ROCE
236% higher than
3Y
EBITDA Margin (Avg.)
81.28% higher than
3Y
Quarterly Results
| Particulars | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 100 | 202 | 140 | 164 | 198 | 234 | 219 | 219 |
| Expenses | 89 | 182 | 120 | 152 | 184 | 195 | 191 | 192 |
| Operating Profit | 12 | 20 | 20 | 12 | 14 | 39 | 28 | 27 |
| OPM % | 12% | 10% | 14% | 7% | 7% | 17% | 13% | 12% |
| Other Income | 1 | 4 | 0 | 1 | 2 | 0 | 0 | 3 |
| Interest | 7 | 10 | 9 | 10 | 11 | 15 | 13 | 18 |
| Depreciation | 4 | 2 | 3 | 4 | 4 | 4 | 4 | 4 |
| PBT | 2 | 11 | 8 | 0 | 1 | 20 | 12 | 9 |
| Tax % | 0% | 25% | 28% | -1576% | 0% | 38% | 0% | 67% |
| Net Profit | 2 | 8 | 6 | 5 | 1 | 12 | 12 | 3 |
| EPS in Rs | 0.91 | 4.55 | 2.43 | 2.21 | 0.38 | 5.03 | 4.76 | 1.18 |
Profit & Loss
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 269 | 359 | 346 | 271 | 309 | 303 | 304 | 431 | 438 |
| Expenses | 242 | 325 | 316 | 258 | 280 | 269 | 270 | 378 | 383 |
| Operating Profit | 26 | 34 | 30 | 13 | 28 | 33 | 34 | 53 | 55 |
| OPM % | 10% | 10% | 9% | 4.8% | 9% | 11% | 11% | 12% | 13% |
| Other Income | 2 | 0 | 0 | 1 | 0 | 5 | 1 | 2 | 3 |
| Interest | 10 | 12 | 15 | 15 | 14 | 19 | 20 | 26 | 30 |
| Depreciation | 6 | 6 | 7 | 8 | 8 | 7 | 7 | 8 | 8 |
| PBT | 12 | 17 | 8 | -9 | 6 | 13 | 8 | 21 | 21 |
| Tax % | 26% | 25% | 19% | -28% | 17% | 22% | -43% | 37% | 29% |
| Net Profit | 9 | 12 | 7 | -7 | 5 | 10 | 11 | 13 | 15 |
| EPS in Rs | 5.09 | 7.01 | 3.68 | -3.52 | 2.72 | 5.46 | 4.65 | 5.41 | 5.95 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 19 | 19 | 19 | 25 | 25 | 25 |
| Reserves | 32 | 44 | 50 | 45 | 50 | 60 | 105 | 118 | 133 |
| Borrowings | 116 | 143 | 151 | 168 | 164 | 154 | 151 | 178 | 296 |
| Other Liabilities | 60 | 80 | 107 | 81 | 68 | 99 | 110 | 139 | 80 |
| Total Liabilities | 225 | 285 | 326 | 312 | 301 | 332 | 390 | 460 | 534 |
| Fixed Assets | 50 | 71 | 83 | 78 | 82 | 77 | 96 | 90 | 85 |
| CWIP | 14 | 0 | 0 | 0 | 0 | 6 | 0 | 0 | 11 |
| Investments | 19 | 19 | 19 | 19 | 19 | 0 | 0 | 0 | 1 |
| Other Assets | 142 | 195 | 223 | 215 | 199 | 248 | 295 | 369 | 437 |
| Total Assets | 225 | 285 | 326 | 312 | 301 | 332 | 390 | 460 | 534 |
Cash Flow
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating | 9 | 0 | 12 | 5 | 31 | 13 | 9 | 1 | -4 |
| Investing | -19 | -13 | -20 | -2 | -12 | 17 | -18 | -1 | -11 |
| Financing | 10 | 13 | 8 | -3 | -18 | -29 | 10 | 1 | 14 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -1 |
| Free Cash Flow | -10 | -13 | -8 | 3 | 18 | 5 | -11 | -1 | -17 |
| CFO/OP | 41 | 7 | 50 | 45 | 108 | 41 | 25 | 12 | 4 |
Ratios
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 80 | 77 | 80 | 80 | 69 | 110 | 107 | 95 | 83 |
| Inventory Days | 134 | 155 | 188 | 240 | 199 | 220 | 244 | 213 | 268 |
| Days Payable | 103 | 106 | 131 | 124 | 91 | 140 | 159 | 133 | 60 |
| Cash Conversion Cycle | 111 | 126 | 137 | 196 | 177 | 190 | 191 | 174 | 291 |
| Working Capital Days | 114 | 27 | 29 | 55 | 49 | 73 | 108 | 90 | 142 |
| ROCE % | — | 15% | 11% | 2% | 9% | 11% | 11% | 16% | 13% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Mangalam Alloys insights
53 extracted metrics + investor summaries across FY18–FY26.
Documents
1
Copy of Newspaper Publication
9 Sep - Newspaper advertisement published for 38th AGM on 30 September 2026 via VC/OAVM. 9 Sep - Newspaper advertisement published for 38th AGM on 30 September 2026 via VC/OAVM.
2
Outcome of Board Meeting
7 Sep - Board approved FY26 report, AGM notice, book closure, scrutinizer appointment, and regularized Megha Tushar Mehta as Executive Director. 7 Sep - Board approved FY26 report, AGM notice, book closure, scrutinizer appointment, and regularized Megha Tushar Mehta as Executive Director.
3
Updates
7 Sep - Book closure from 21-30 September 2026 for 32nd AGM on 28 September; voting cut-off 23 September. 7 Sep - Book closure from 21-30 September 2026 for 32nd AGM on 28 September; voting cut-off 23 September.
4
Record Date
7 Sep - 38th AGM on 30 September 2026; record date set for 23 September 2026. 7 Sep - 38th AGM on 30 September 2026; record date set for 23 September 2026.
5
Shareholders meeting
7 Sep - 38th AGM on 30 Sep 2026 via VC/OAVM; agenda includes financial statements, director reappointment, cost auditor ratification. 7 Sep - 38th AGM on 30 Sep 2026 via VC/OAVM; agenda includes financial statements, director reappointment, cost auditor ratification.
Frequently Asked Questions about Mangalam Alloys
What does Mangalam Alloys Ltd do?
Incorporated in 1988, Mangalam Alloys Ltd manufactures and distributes high quality Stainless Steel products[1]
Where is Mangalam Alloys Ltd (MAL) listed?
Mangalam Alloys Ltd trades as MAL on the NSE and under code MAL on the BSE.
Which sector does Mangalam Alloys Ltd belong to?
Mangalam Alloys Ltd is classified under the Consumer Goods sector, in the Jewellery & Watches industry.
What is the market capitalisation of Mangalam Alloys Ltd?
Mangalam Alloys Ltd has a market capitalisation of ₹120.22 Cr, which places it in the Small Cap band.
What is the PE ratio of Mangalam Alloys Ltd?
Mangalam Alloys Ltd trades at a PE ratio of 7.80, against a book value of ₹63.94 per share.
What is the 52-week high and low of Mangalam Alloys Ltd?
Over the last 52 weeks Mangalam Alloys Ltd has traded between ₹30 and ₹46.4.
What is the Return on Equity (ROE) of Mangalam Alloys Ltd?
Mangalam Alloys Ltd reported a return on equity of -0.02%. Its debt-to-equity ratio is 1.87.
Company Information
Incorporated in 1988, Mangalam Alloys Ltd manufactures and distributes high quality Stainless Steel products[1]
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