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Mangalam Alloys

MAL NSE
₹33.75 +0.90 (+2.74%)
P/E
Not meaningful: loss-making over the last twelve months
View as Markdown
MCP
Close 3 Nov 2026 ₹2.16 +0.36 +20.0% since 22 May 2026
Start ₹1.80

Key Fundamentals

MicrocapConsumer DurablesConsumer Discretionary

Price-based figures as of · TTM

ROCE
11.90%
Debt to Equity
1.87
EPS (TTM)
−₹0.20
Book Value
—
Market Cap
—
P/E (TTM)
Not meaningful: loss-making over the last twelve months
P/B
—
ROE
9.75%
Dividend Yield
0.00%
EBITDA
₹24.70 Cr
52W High
₹58.00
52W Low
₹1.49
Day Range
₹33.00 – ₹33.75
Volume
4,800

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Mangalam Alloys peer comparison
₹2,400.0027.41₹60,980 Cr5.960.22%19.40%22.90%₹17,300 Cr₹2,319 Cr
₹2,199.8049.69₹60,246 Cr10.640.39%25.40%31.80%₹23,065 Cr₹1,229 Cr
₹1,231.4030.60₹34,478 Cr2.780.15%9.70%13.00%₹19,584 Cr₹1,121 Cr
₹2,449.4039.67₹17,025 Cr4.180.42%12.60%17.90%₹4,314 Cr₹514 Cr
₹253.2229.51₹15,754 Cr1.280.81%8.20%10.40%₹18,501 Cr₹498 Cr
₹486.0029.21₹14,245 Cr4.490.81%15.10%19.50%₹3,837 Cr₹508 Cr
₹529.1529.28₹12,939 Cr3.660.38%15.60%18.20%₹4,437 Cr₹436 Cr
Mangalam Alloys (this company)
₹33.75—₹17 Cr—0.00%9.75%11.90%₹0 Cr−₹1 Cr
Median 8 companies₹880.2829.51₹16,390 Cr4.180.39%13.85%18.05%₹10,869 Cr₹511 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

27 Poor

Data confidence 84/100

surveillance:ESM1

Category scores

Quality
23
Poor
Returns, margins, earnings quality 22% weight
Valuation
26
Poor
Cheap vs sector & own history 24% weight
Growth
38
Weak
Sales & profit trajectory 9% weight
Financial Health
19
Poor
Solvency, leverage, coverage 9% weight
Momentum
2
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Stock is trading at 0.57 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 10.0% over last 3 years.
  • Promoters have pledged 54.2% of their holding.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1054
OscillatorsBullish234
Moving AveragesStrong Bearish820

Key readings

RSI (14)
45.33
Neutral
MACD (12,26,9)
−3.05
Bearish
SMA (50)
15.99
Bearish
SMA (200)
—
Neutral

As of

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
5Y+10.08%
3Y+13.07%
1Y+1.62%

Net profit

Net profit growth by window
5YTurned to profit
3Y+14.47%
1Y+15.38%

Operating cash flow

Operating cash flow growth by window
5YTurned negative
3YTurned negative
1YTurned negative

Operating margin· change in pp

Operating margin growth by window
5Y+7.76 pp
3Y+1.67 pp
1Y+0.26 pp

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

Revenue by year

Revenue by year, ₹ crore
Mar 2018₹269 Cr
Mar 2019₹359 Cr
Mar 2020₹346 Cr
Mar 2021₹271 Cr
Mar 2022₹309 Cr
Mar 2023₹303 Cr
Mar 2024₹304 Cr
Mar 2025₹431 Cr
Mar 2026₹438 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2018₹9.00 Cr
Mar 2019₹12.00 Cr
Mar 2020₹7.00 Cr
Mar 2021−₹7.00 Cr
Mar 2022₹5.00 Cr
Mar 2023₹10.00 Cr
Mar 2024₹11.00 Cr
Mar 2025₹13.00 Cr
Mar 2026₹15.00 Cr

Half-yearly Results

₹ Cr
MAL half-yearly results, ₹ crore
Particulars Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 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 (₹)
0.91
4.55
2.43
2.21
0.38
5.03
4.76
1.18

Profit & Loss

₹ Cr
MAL profit and loss, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%
12%
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
20
Tax %
26%
25%
19%
−28%
17%
22%
−43%
37%
28%
Net Profit
9
12
7
−7
5
10
11
13
15
EPS (₹)
5.09
7.01
3.68
−3.52
2.72
5.46
4.65
5.38
5.95
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%

Balance Sheet

₹ Cr
MAL balance sheet, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
252
296
Other Liabilities
60
80
107
81
68
99
110
65
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
0
Other Assets
142
195
223
215
199
248
295
370
438
Total Assets
225
285
326
312
301
332
390
460
534

Cash Flow

₹ Cr
MAL cash flow, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

MAL financial ratios, annual
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
50
60
Cash Conversion Cycle
111
126
137
196
177
190
191
258
291
Working Capital Days
114
27
29
55
49
73
108
90
142
ROCE %
—
15%
11%
2%
9%
11%
11%
14%
12%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Mangalam Alloys insights

59 extracted metrics across FY18–FY26.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.32%
  • Public 19.41%
  • Others 5.95%
  • DIIs 0.32%

54.25% of promoter holding pledged as of 14 Oct 2026

Change vs previous quarter

Documents

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
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 Industrial Products sector, in the Iron & Steel Products industry.
What is the 52-week high and low of Mangalam Alloys Ltd?
Over the last 52 weeks Mangalam Alloys Ltd has traded between ₹1.49 and ₹58 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Mangalam Alloys Ltd?
Mangalam Alloys Ltd reported a return on equity of 9.75%. Its debt-to-equity ratio is 1.87.

Company Information

Incorporated in 1988, Mangalam Alloys Ltd manufactures and distributes high quality Stainless Steel products

Listed 4 Oct 2023
Face Value ₹10

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