Mangalam Organics

₹362 8.3 | 2.3%

WEBSITE BSE:514418 NSE : MANORG 10 May, 16:01

Market Cap ₹310 Cr.

Stock P/E 128.6

P/B 1.1

Current Price ₹362

Book Value ₹ 324.2

Face Value 10

52W High ₹486

Dividend Yield 0%

52W Low ₹ 269

Edit Ratio

Mangalam Organics Research see more...

Overview Inc. Year: 1981Industry: Chemicals

Mangalam Organics Ltd is an primarily India-based chemical manufacturing corporation. The Company is engaged in the production and selling activities of Camphor, Sodium Acetate and by-merchandise, Terpene Chemicals, Synthetic Resins and Phenol formaldehyde (PF) resins. The Company's Terpene merchandise encompass Camphor Technical, Camphor A Grade, Camphor Fluffy Grade, Camphene, Dipentene, Sodium Acetate Trihydrate, Camphor Oil, and Pine Oil 870 & 880. Its Resin products consist of Terpene Phenolic Resin, Alkyl Phenolic Resin 1, Alkyl Phenolic Resin 2 and Gum Rosin. The Company gives camphor tablets below the brand name mangalam. The Company exports its merchandise to Europe, America, Africa and the Middle East. The Company's production units are located at Kumbhivali Village, Taluka Kahalapur, Khopoli, District Raigad, Maharashtra.

Mangalam Organics Share Price

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Peer Comparison

Mangalam Organics Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	143	118	124	104	154	130	104	109	169	111
Other Income	1	0	0	0	0	1	0	0	0	0
Total Income	144	118	125	105	154	130	104	109	169	111
Total Expenditure	109	93	116	104	176	121	94	100	159	101
Operating Profit	35	25	9	1	-22	9	10	9	10	10
Interest	0	1	3	4	4	4	3	4	4	4
Depreciation	4	4	3	4	5	4	5	4	5	5
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	30	20	3	-7	-30	1	2	1	1	1
Provision for Tax	8	5	1	0	-9	0	2	0	0	0
Profit After Tax	22	15	1	-7	-21	0	1	0	1	1
Adjustments	0	-0	0	0	0	0	0	-0	0	0
Profit After Adjustments	22	15	1	-7	-21	0	1	0	1	1
Adjusted Earnings Per Share	26.1	17.7	1.5	-8	-25	0.6	0.7	0.4	0.7	1

Mangalam Organics Profit & Loss

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	375	338	491	493	493
Other Income	1	1	1	0	0
Total Income	376	339	492	493	493
Total Expenditure	288	210	400	495	454
Operating Profit	87	129	92	-2	39
Interest	5	1	4	14	15
Depreciation	9	14	15	18	19
Exceptional Income / Expenses	-10	0	0	0	0
Profit Before Tax	63	114	73	-34	5
Provision for Tax	15	30	19	-7	2
Profit After Tax	48	85	54	-27	3
Adjustments	-0	-0	0	0	0
Profit After Adjustments	48	85	54	-27	3
Adjusted Earnings Per Share	55.5	98.8	62.8	-31.8	2.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	0%	10%	0%	0%
Operating Profit CAGR	-102%	NAN%	0%	0%
PAT CAGR	-150%	NAN%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-22%	-23%	-9%	36%
ROE Average	-9%	17%	20%	20%
ROCE Average	-4%	22%	25%	25%

Mangalam Organics Balance Sheet

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	168	252	304	276
Minority's Interest	0	0	0	0
Borrowings	9	0	52	41
Other Non-Current Liabilities	6	6	8	-0
Total Current Liabilities	33	54	196	186
Total Liabilities	215	311	560	503
Fixed Assets	102	121	198	227
Other Non-Current Assets	6	0	18	12
Total Current Assets	107	190	344	264
Total Assets	215	311	560	503

Mangalam Organics Cash Flow

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	3	1	1	1
Cash Flow from Operating Activities	93	26	-84	77
Cash Flow from Investing Activities	-59	-28	-100	-41
Cash Flow from Financing Activities	-36	2	183	-36
Net Cash Inflow / Outflow	-2	0	-1	1
Closing Cash & Cash Equivalent	1	1	1	1

Mangalam Organics Ratios

#	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	55.53	98.82	62.75	-31.79
CEPS(Rs)	66.45	114.79	80.29	-11.3
DPS(Rs)	1	1.5	1.5	0
Book NAV/Share(Rs)	196.04	293.86	355.04	321.9
Core EBITDA Margin(%)	23.05	37.78	18.54	-0.56
EBIT Margin(%)	18.19	34.09	15.78	-4.05
Pre Tax Margin(%)	16.8	33.79	14.92	-6.85
PAT Margin (%)	12.8	25.06	10.95	-5.53
Cash Profit Margin (%)	15.2	29.07	14.01	-1.97
ROA(%)	22.31	32.22	12.34	-5.12
ROE(%)	28.55	40.41	19.34	-9.39
ROCE(%)	36.22	49.69	19.55	-4.07
Receivable days	30.52	35.48	29.21	33.93
Inventory Days	63.07	92.2	130.18	160.55
Payable days	19.89	52.54	37.3	34.86
PER(x)	3.2	5.24	14.34	0
Price/Book(x)	0.91	1.76	2.53	1.03
Dividend Yield(%)	0.56	0.29	0.17	0
EV/Net Sales(x)	0.46	1.28	2	0.96
EV/Core EBITDA(x)	1.97	3.36	10.61	-195.12
Net Sales Growth(%)	0	-9.69	45.06	0.38
EBIT Growth(%)	0	69.23	-32.87	-125.8
PAT Growth(%)	0	76.86	-36.61	-150.66
EPS Growth(%)	0	77.95	-36.5	-150.66
Debt/Equity(x)	0.12	0.1	0.7	0.69
Current Ratio(x)	3.29	3.55	1.76	1.42
Quick Ratio(x)	1.3	1.57	0.51	0.4
Interest Cover(x)	13.05	115.1	18.44	-1.45
Total Debt/Mcap(x)	0.13	0.05	0.27	0.67

Mangalam Organics Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	54.91	54.91	54.91	54.91	54.91	54.91	54.91	54.91	54.91	54.91
FII	0	0.01	0.02	0.08	0.08	0.02	0	0	0.02	0.02
DII	0	0	0	0	0	0	0	0	0	0
Public	45.09	45.08	45.07	45.01	45.01	45.07	45.09	45.09	45.07	45.07
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.39
Others	0	0	0	0	0	0	0	0	0	0
Total	0.86	0.86	0.86	0.86	0.86	0.86	0.86	0.86	0.86	0.86

Pros

Debtor days have improved from 37.3 to 34.86days.
Company has reduced debt.

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.