---
title: "Mangalam Timber Products Ltd (MANGTIMBER) — Share Price, Financials & Analysis"
symbol: "MANGTIMBER"
company: "Mangalam Timber Products Ltd"
canonical: "https://tapetide.com/stocks/MANGTIMBER"
isin: "INE805B01012"
nse_symbol: "MANGTIMBER"
sector: "Consumer Discretionary"
industry: "Consumer Durables"
generated_at: "2026-09-13T18:26:45.822Z"
---

# Mangalam Timber Products Ltd (MANGTIMBER)

Canonical page: https://tapetide.com/stocks/MANGTIMBER

## Company

- **NSE Symbol:** MANGTIMBER
- **ISIN:** INE805B01012
- **Sector:** Consumer Discretionary
- **Industry:** Consumer Durables
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2002-07-05
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mangalamtimber.com

## About

Mangalam Timber Products Ltd is principally engaged in manufacturing of Medium Density Fibre Board in India.[1]

## Latest Price

- **Price:** ₹17.35
- **Change:** 0 (0%)
- **Open:** ₹17.15
- **Day High:** ₹18.45
- **Day Low:** ₹16.75
- **Previous Close:** ₹17.35
- **Volume:** 0
- **As Of:** 2022-01-04T04:59:03+00:00

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -29.7% over past five years.
- Company has high debtors of 233 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -26% | — | -12% |
| revenue growth | 60% | -34% | -30% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 3.5 | 1.36 | 0.1 | 0.2 | 0.3 | 0.51 | 3 | 1.3 | 3.91 | 0.85 | 0.56 | 2.84 |
| Expenses | 7.17 | 4.54 | 1.96 | 2.02 | 2.14 | 2.7 | 6.55 | 3.51 | 8.78 | 4.26 | 3.48 | 6.15 |
| Operating Profit | -3.67 | -3.18 | -1.86 | -1.82 | -1.84 | -2.19 | -3.55 | -2.21 | -4.87 | -3.41 | -2.92 | -3.31 |
| OPM % | -104.86 | -233.82 | -1860 | -910 | -613.33 | -429.41 | -118.33 | -170 | -124.55 | -401.18 | -521.43 | -116.55 |
| Other Income | 0.55 | 0.34 | 0.9 | 0.21 | 0.29 | 0.2 | 0.08 | 0.01 | 0.08 | 0.05 | 0.02 | 0.01 |
| Interest | 2.5 | 2.36 | 2.57 | 2.48 | 2.84 | 2.86 | 3.65 | 3.17 | 3.26 | 3.16 | 3.03 | 3.16 |
| Depreciation | 0.38 | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.36 | 0.36 | 0.37 | 0.37 | 0.36 | 0.36 |
| Profit before tax | -6 | -5.57 | -3.9 | -4.46 | -4.76 | -5.22 | -7.48 | -5.73 | -8.42 | -6.89 | -6.29 | -6.82 |
| Tax % | -31.17 | -31.24 | -30.77 | -30.94 | -30.88 | -31.03 | -36.63 | -31.24 | -29.81 | -32.8 | -31.16 | -29.47 |
| Net Profit | -4.12 | -3.83 | -2.69 | -3.08 | -3.29 | -3.61 | -4.75 | -3.95 | -5.91 | -4.62 | -4.33 | -4.8 |
| EPS in Rs | -2.25 | -2.09 | -1.47 | -1.68 | -1.8 | -1.97 | -2.6 | -2.16 | -3.23 | -2.52 | -2.37 | -2.62 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 81 | 56 | 40 | 39 | 32 | 23 | 11 | 4 | 7 | 8 |
| Expenses | 80 | 66 | 54 | 56 | 44 | 28 | 23 | 13 | 20 | 23 |
| Operating Profit | 0 | -10 | -15 | -17 | -11 | -5 | -11 | -9 | -13 | -15 |
| OPM % | 0.4 | -18 | -38 | -44 | -34 | -23 | -102 | -235 | -203 | -178 |
| Other Income | 1 | 4 | 4 | 2 | 1 | 2 | 2 | 1 | 0 | 0 |
| Interest | 4 | 3 | 4 | 3 | 7 | 9 | 10 | 12 | 13 | 13 |
| Depreciation | 2 | 2 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 |
| Profit before tax | -5 | -11 | -16 | -20 | -19 | -14 | -21 | -22 | -27 | -28 |
| Tax % | -34 | -28 | -36 | -38 | -28 | -31 | -31 | -33 | -31 | — |
| Net Profit | -4 | -8 | -10 | -13 | -14 | -9 | -14 | -15 | -19 | -20 |
| EPS in Rs | -1.94 | -4.16 | -5.51 | -6.91 | -7.5 | -5.1 | -7.81 | -8.05 | -10.27 | -10.74 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves | -5 | -8 | -16 | -26 | -39 | -42 | -66 | -81 | -95 | -114 |
| Borrowings | 47 | 51 | 55 | 61 | 62 | 61 | 95 | 100 | 125 | 139 |
| Other Liabilities | 31 | 35 | 35 | 41 | 51 | 58 | 58 | 65 | 65 | 72 |
| Total Liabilities | 91 | 96 | 93 | 93 | 92 | 95 | 105 | 103 | 113 | 115 |
| Fixed Assets | 25 | 25 | 24 | 23 | 21 | 34 | 33 | 32 | 30 | 29 |
| CWIP | 0 | 2 | 2 | 2 | 9 | 0 | 0 | 0 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 65 | 69 | 67 | 69 | 62 | 61 | 72 | 71 | 82 | 85 |
| Total Assets | 91 | 96 | 93 | 93 | 92 | 95 | 105 | 103 | 113 | 115 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 3 | 3 | -1 | -3 | 8 | 8 | -8 | 5 | -17 | -8 |
| Cash from Investing Activity | -2 | -1 | -1 | 0 | -7 | -6 | -2 | 0 | -1 | 0 |
| Cash from Financing Activity | -2 | -2 | 2 | 3 | -1 | -2 | 10 | -5 | 18 | 8 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 2 | 2 | -2 | -3 | 1 | 2 | -9 | 4 | -18 | -8 |
| CFO/OP | 123 | 1133 | 9 | 18 | -47 | -75 | 150 | -42 | 184 | 62 |

### Ratios

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 45 | 32 | 35 | 63 | 50 | 53 | 72 | 136 | 449 | 233 |
| Inventory Days | 407 | 405 | 393 | 380 | 192 | 318 | 923 | 577 | 6493 | 754 |
| Days Payable | 241 | 264 | 270 | 267 | 208 | 516 | 499 | 231 | 1657 | 237 |
| Cash Conversion Cycle | 211 | 174 | 158 | 176 | 34 | -145 | 497 | 482 | 5285 | 750 |
| Working Capital Days | 36 | 25 | -32 | -158 | -364 | -713 | -1042 | -2655 | -8938 | -8532 |
| ROCE % | 2 | -1 | -13 | -22 | -36 | -30 | -11 | -26 | -24 | -32 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Sep 2021 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 38.7% | 42.27% | 42.27% | 37.46% | 37.46% | 42.45% |
| FIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| DIIs | 0.13% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Public | 61.16% | 57.7% | 57.7% | 62.52% | 62.52% | 57.52% |
| No. of Shareholders | 21573 | 16150 | 16133 | 15666 | 15057 | 14611 |

### Quarterly

| Category | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 42.27% | 42.27% | 37.46% | 37.46% | 37.46% | 37.46% | 37.46% | 37.46% | 37.46% | 37.46% | 37.46% | 42.45% |
| FIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| DIIs | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Public | 57.7% | 57.7% | 62.52% | 62.52% | 62.52% | 62.52% | 62.52% | 62.52% | 62.52% | 62.52% | 62.52% | 57.52% |
| No. of Shareholders | 16072 | 16133 | 16159 | 16043 | 15868 | 15666 | 15647 | 15521 | 15309 | 15057 | 14879 | 14611 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 0 / 7 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 6.56 | Sell |
| EMA (10) | 6.61 | Sell |
| SMA (20) | 7.03 | Sell |
| EMA (20) | 6.85 | Sell |
| SMA (50) | 7.32 | Sell |
| EMA (50) | 7.23 | Sell |
| SMA (100) | 7.71 | Sell |
| EMA (100) | 7.54 | Sell |
| SMA (200) | 7.98 | Sell |
| EMA (200) | 7.7 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.03 | Neutral |
| MACD (12,26,9) | -0.28 | Sell |
| Stochastic (14,3,3) | 34.67 | Neutral |
| ADX (14) | 20.4 | Neutral |
| Williams %R (14) | -60.14 | Neutral |
| ATR (14) | 0.67 | High Volatility |
| ROC (12) | -21.38 | Sell |
| Stoch RSI (14) | 22.64 | Neutral |
| UO (7,14,28) | 46.98 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2021-12-31 | [Fixes Record Date for Scheme of Amalgamation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3AAC6DEE-0758-4030-B0BE-0C49DCAD0AD2-165435.pdf) |
| 2021-12-30 | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9beceb1c-d181-4e57-bae5-af5068b2e617.pdf) |
| 2021-12-21 | [Corporate Action-Updates on Amalgamation/ Merger / Demerger](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bd9ff98e-d289-48a6-869e-c3483a6338c8.pdf) |
| 2021-12-21 | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=45388d31-8fd0-46fc-8425-667c3518daae.pdf) |
| 2021-11-23 | [Corporate Action-Updates on Amalgamation/ Merger / Demerger](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c90f52cc-078d-471e-bcad-8fbd27310315.pdf) |
| 2021-11-10 | [Intimation Regarding Record Date](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1fcf450e-79d3-4acd-a8d5-0ffa16b1bbf8.pdf) |
| 2021-11-10 | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9835dd20-6edc-4db9-aa38-32814d13f986.pdf) |
| 2021-10-01 | [Shareholder Meeting / Postal Ballot-Scrutinizer''s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5f5ad351-964c-4e41-996c-44dfb29a089b.pdf) |
| 2021-09-30 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=93cf211e-ede7-4d97-a93c-bf9d1c8d1d3f.pdf) |
| 2021-09-30 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ec6ec9e-51a2-4b57-8860-2a01279d53fb.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_MANGTIMBER_2010_2011_10092011062525.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_MANGTIMBER_2009_2010_09092010120000.zip) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/516007/71850516007.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/516007/68068516007.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/516007/5160070319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/516007/5160070318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/516007/5160070317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/516007/5160070316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/516007/5160070315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/516007/5160070314.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:26:45.822Z.