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Mangalam Alloys Overview

Mangalam Alloys Limited (formerly known as Delta Magnets Limited) was established in 1985 with technical know-how from TKS Japan. The company specializes in manufacturing hard ferrite magnets and is among the top manufacturers in India. MAL's stainless steel melting facility spans across 40,000 sq. meters having installed capacity of 40,000 TPA. With a turnover of INR 250 crores has more than 700 employees, MAL is one of the leading companies in the steel manufacturing industry. Having situated in Ahmedabad, which is the fastest growing city of...Read More

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Mangalam Alloys Key Financials

Market Cap ₹98 Cr.

Stock P/E 7.3

P/B 0.7

Current Price ₹39.6

Book Value ₹ 58

Face Value 10

52W High ₹80.2

Dividend Yield 0%

52W Low ₹ 28.2

Mangalam Alloys Share Price

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Volume
Price

Mangalam Alloys Quarterly Price

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Mangalam Alloys Peer Comparison

Mangalam Alloys Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Mangalam Alloys Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 139 152 152 178 269 346 271 309 303 305 431
Other Income 1 2 3 2 1 3 1 0 5 1 4
Total Income 140 154 155 180 270 349 272 310 308 306 435
Total Expenditure 129 141 141 167 242 318 258 281 270 271 380
Operating Profit 11 13 14 13 28 30 14 29 38 35 55
Interest 6 7 7 3 10 15 15 14 19 20 26
Depreciation 3 3 3 3 6 7 8 8 7 7 8
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 3 4 6 12 8 -9 6 13 8 21
Provision for Tax 1 1 2 1 3 2 -3 1 3 -3 8
Profit After Tax 1 2 3 5 9 7 -7 5 10 11 13
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 2 3 5 9 7 -7 5 10 11 13
Adjusted Earnings Per Share 0.9 1.3 1.5 2.9 5 3.7 -3.5 2.7 5.5 4.6 5.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 41% 12% 4% 12%
Operating Profit CAGR 57% 24% 13% 17%
PAT CAGR 18% 38% 13% 29%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 24% NA% NA% NA%
ROE Average 10% 11% 6% 9%
ROCE Average 16% 13% 10% 11%

Mangalam Alloys Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 24 27 30 35 49 68 64 69 79 135 143
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 9 12 25 40 56 51 68 67 58 52 47
Other Non-Current Liabilities 3 3 3 4 5 13 9 8 9 4 11
Total Current Liabilities 62 66 72 91 115 194 172 156 186 200 259
Total Liabilities 98 108 130 169 225 326 312 301 332 390 460
Fixed Assets 23 22 22 45 50 83 78 82 77 96 90
Other Non-Current Assets 5 5 21 25 34 20 19 19 6 0 1
Total Current Assets 70 81 87 100 141 223 215 199 248 294 369
Total Assets 98 108 130 169 225 326 312 301 332 390 460

Mangalam Alloys Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 1 2 0 1 0 0 0 0
Cash Flow from Operating Activities 2 -2 12 20 8 12 5 31 13 9 1
Cash Flow from Investing Activities -1 -2 -19 -32 -19 -20 -2 -12 17 -18 -1
Cash Flow from Financing Activities -1 4 7 12 11 8 -3 -18 -29 10 1
Net Cash Inflow / Outflow 0 0 0 0 0 0 -0 -0 -0 0 1
Closing Cash & Cash Equivalent 0 0 0 2 2 1 0 0 0 0 1

Mangalam Alloys Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.88 1.31 1.54 2.87 4.98 3.68 -3.52 2.72 5.46 4.65 5.41
CEPS(Rs) 2.87 2.96 3.33 4.73 8.37 7.89 0.59 7.16 9.06 7.55 8.47
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 15.17 16.36 17.81 20.82 27.7 38.26 34.43 37.15 42.58 54.57 58
Core EBITDA Margin(%) 7.11 6.88 7.49 5.91 10 7.94 4.79 9.2 10.97 11.17 11.91
EBIT Margin(%) 5.7 6.72 7.18 5.32 8.14 6.57 2.21 6.66 10.5 9.14 10.98
Pre Tax Margin(%) 1.48 2.27 2.86 3.43 4.44 2.35 -3.34 1.97 4.29 2.64 4.88
PAT Margin (%) 1 1.43 1.71 2.74 3.29 1.89 -2.41 1.63 3.34 3.77 3.1
Cash Profit Margin (%) 3.27 3.24 3.71 4.52 5.54 4.05 0.4 4.3 5.55 6.12 4.85
ROA(%) 1.47 2.1 2.19 3.25 4.49 2.38 -2.05 1.65 3.2 3.18 3.14
ROE(%) 5.97 8.48 9.09 14.88 20.93 11.16 -9.91 7.6 13.69 10.73 9.61
ROCE(%) 11.04 12.94 11.94 8.13 14.71 11.9 2.67 8.88 13.68 10.75 15.63
Receivable days 67.63 82.8 95.47 86.07 71.93 70.8 90.68 69.59 90.21 107.88 84.97
Inventory Days 80.99 74.61 81.97 82.06 70.85 100.51 170.78 144.23 145.96 162.93 141.91
Payable days 69.51 71.06 79.23 84.83 83.81 102.5 144.13 102 116.95 146.37 120.29
PER(x) 0 0 0 0 0 0 0 0 0 7.29 4.93
Price/Book(x) 0 0 0 0 0 0 0 0 0 0.62 0.46
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.4 0.41 0.5 0.58 0.49 0.48 0.68 0.58 0.56 0.75 0.56
EV/Core EBITDA(x) 5.06 4.78 5.41 8.11 4.72 5.46 13.52 6.27 4.43 6.55 4.37
Net Sales Growth(%) -1.03 8.96 0.35 16.6 51.22 28.82 -21.58 14.05 -2.08 0.54 41.67
EBIT Growth(%) 4.28 28.49 7.36 -13.64 131.2 4.09 -73.61 243.24 54.44 -12.48 70.24
PAT Growth(%) -27.83 55.6 20.23 86.92 81.61 -26.04 -199.93 177.27 100.49 13.27 16.44
EPS Growth(%) -27.83 48.56 17.57 86.92 73.26 -26.04 -195.68 177.27 100.49 -14.84 16.44
Debt/Equity(x) 2.1 2.06 2.32 2.74 2.35 2.2 2.62 2.37 1.94 1.12 1.24
Current Ratio(x) 1.13 1.21 1.2 1.1 1.22 1.15 1.25 1.27 1.33 1.47 1.43
Quick Ratio(x) 0.58 0.79 0.65 0.66 0.66 0.5 0.51 0.53 0.66 0.74 0.69
Interest Cover(x) 1.35 1.51 1.66 2.82 2.2 1.56 0.4 1.42 1.69 1.41 1.8
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 1.8 2.71

Mangalam Alloys Shareholding Pattern

# Sep 2014 Sep 2015 Sep 2016 Jul 2018 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
Promoter 72.05 62.52 63.35 95.87 59.74 59.74 59.74 59.74 59.74 59.74
FII 0 0 0 0 0 0 0 0 0.46 0.46
DII 0 0 0 0 0 0 0 0 0 0.22
Public 27.95 37.48 36.65 4.13 40.26 40.26 40.26 40.26 39.8 39.58
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Mangalam Alloys News

Mangalam Alloys Pros & Cons

Pros

  • Stock is trading at 0.7 times its book value
  • Debtor days have improved from 146.37 to 120.29days.
  • Company has reduced debt.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Company has a low return on equity of 11% over the last 3 years.
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