Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹141 Cr.
Stock P/E
17
P/B
1.5
Current Price
₹128.1
Book Value
₹ 84.2
Face Value
10
52W High
₹170
52W Low
₹ 102.5
Dividend Yield
0%

Mangalam Seeds Overview

Business

Mangalam Seeds Ltd. (MSL) is an Indian agriculture company primarily engaged in the development, production, processing, and marketing of a wide range of seeds. The company's core business model involves research and development to create new and improved seed varieties, multiplication of these seeds, quality control, and distribution to farmers through a network of dealers and distributors. MSL generates revenue by selling various types of seeds, including those for field crops (e.g., cereals, pulses, oilseeds) and potentially vegetable crops, to cater to the diverse needs of the agricultural sector in India.

Revenue Mix

Specific revenue breakdowns are not available. However, a typical seed company like Mangalam Seeds Ltd. would likely have key segments based on crop types, such as:

Field Crops: Including seeds for major staples and cash crops like maize, wheat, rice, cotton, mustard, chickpeas, etc.

Vegetable Crops: Potentially covering seeds for various vegetables.

The mix would depend on the company's R&D focus and market presence in different agricultural regions.

Industry

The Indian agriculture industry is vast and highly dependent on quality seeds for crop yield and productivity. The seed industry in India is characterized by the presence of numerous players, including large multinational corporations, established domestic companies, and smaller regional players. MSL operates within this competitive landscape, likely positioning itself through its product portfolio, regional presence, and farmer relationships. Its standing relative to peers would depend on its market share in specific crop segments, R&D capabilities, and strength of its distribution network.

MOAT

Potential competitive advantages for Mangalam Seeds Ltd. could include:

Germplasm & R&D: A strong germplasm bank and ongoing investment in research and development to create high-yielding, disease-resistant, and climate-resilient seed varieties.

Distribution Network: An extensive and reliable network of distributors and dealers that ensures timely availability of seeds to farmers across different regions.

Brand Reputation & Farmer Trust: Establishing trust among farmers through consistent quality and performance of its seeds, leading to repeat purchases and brand loyalty.

Regional Adaptation: Developing seeds specifically suited to the agro-climatic conditions and farming practices of various regions in India.

Growth Drivers

Key factors that can drive growth for MSL over the next 3-5 years include:

Increasing Demand for Quality Seeds: Growing population and demand for food, coupled with government initiatives to boost agricultural productivity, drive demand for high-quality and hybrid seeds.

Agricultural Modernization: Adoption of modern farming techniques and the shift from traditional seeds to improved hybrid varieties for better yields and profitability.

Product Portfolio Expansion: Introduction of new, superior seed varieties that address evolving farmer needs and changing agro-climatic conditions.

Market Penetration: Expanding presence into new geographical regions within India or increasing market share in existing regions.

Government Support: Favorable government policies for agriculture, including subsidies for seeds and irrigation, can stimulate demand.

Risks

Monsoon Dependency: Indian agriculture is heavily reliant on monsoon rains; erratic or deficient monsoons can significantly impact crop yields and farmer purchasing power.

Price Volatility: Fluctuations in the prices of agricultural commodities can affect farmer incomes and, consequently, demand for seeds.

Competition: Intense competition from both domestic and international seed companies can lead to pricing pressure and market share erosion.

Regulatory Changes: Changes in government policies regarding seed pricing, import/export regulations, or approvals for biotech crops can impact operations.

Pest and Disease Outbreaks: Widespread crop failures due to pests or diseases can reduce demand and disrupt the agricultural ecosystem.

R&D Risks: The inherent risks associated with R&D, including the failure to develop commercially viable new seed varieties.

Management & Ownership

As a company in India, MSL is likely promoter-led. Promoters (founding families or individuals) typically hold a significant stake and play a crucial role in strategic decision-making and day-to-day operations. The quality of management would hinge on their experience in the agricultural sector, R&D capabilities, understanding of farmer needs, and ability to navigate market complexities and regulatory environments. Specific details on the management team's background or the exact ownership structure are not available in the provided information.

Outlook

Mangalam Seeds Ltd. operates in a fundamental sector with long-term growth potential driven by India's food security needs and the ongoing modernization of agriculture. The increasing adoption of high-yielding and hybrid seeds, coupled with government impetus on boosting agricultural output, provides a favorable environment for growth. However, the business is inherently susceptible to significant risks, primarily the vagaries of weather (especially monsoon dependency), intense competition, and regulatory changes. Success for MSL will depend on its ability to continuously innovate its seed portfolio, maintain strong relationships with farmers through its distribution network, and effectively mitigate the inherent risks of the agricultural sector.

Mangalam Seeds Share Price

Live · BSE / NSE · Inception: 2007
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Mangalam Seeds Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 21 32 22 27 22 49 18 29 16 62
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 21 32 22 28 22 49 18 29 16 62
Total Expenditure 17 27 18 25 16 43 14 26 13 56
Operating Profit 4 6 4 3 6 6 4 3 3 6
Interest 1 1 1 1 1 1 1 1 1 1
Depreciation 1 0 0 0 0 0 0 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 4 2 2 4 4 3 2 2 4
Provision for Tax -0 0 0 0 1 1 1 0 0 0
Profit After Tax 2 4 2 1 3 4 2 1 1 4
Adjustments 0 -0 0 0 -0 -0 -0 -0 -0 0
Profit After Adjustments 2 4 2 1 3 4 2 1 1 4
Adjusted Earnings Per Share 2 3.5 1.5 1.2 3.1 3.5 1.6 1.2 1.1 3.6

Mangalam Seeds Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 24 30 30 32 40 41 41 65 112 103 112 125
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Total Income 24 30 30 32 40 41 41 65 112 103 112 125
Total Expenditure 21 26 26 28 35 32 33 49 92 85 96 109
Operating Profit 3 4 5 5 6 9 8 16 21 18 16 16
Interest 0 1 1 1 1 1 1 2 3 4 4 4
Depreciation 0 0 1 0 0 1 1 1 2 2 2 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 3 4 4 4 7 6 13 16 12 10 11
Provision for Tax 0 0 0 0 0 1 1 2 3 2 2 1
Profit After Tax 2 3 3 3 4 6 5 11 13 10 8 8
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2 3 3 3 4 6 5 11 13 10 8 8
Adjusted Earnings Per Share 2.5 2.8 3 3.1 3.4 5.6 4.7 10.1 12 9.4 7.5 7.5

Mangalam Seeds Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 13 23 27 30 34 40 45 57 70 80 88
Minority's Interest 0 0 0 0 0 0 0 0 2 2 2
Borrowings 0 0 0 0 3 4 6 5 20 21 19
Other Non-Current Liabilities 0 0 0 0 1 1 1 1 1 1 2
Total Current Liabilities 7 6 8 8 11 9 15 16 43 57 53
Total Liabilities 19 30 35 38 48 54 67 78 135 161 164
Fixed Assets 3 3 11 15 23 23 25 27 54 53 51
Other Non-Current Assets 0 0 0 0 2 5 9 7 10 18 13
Total Current Assets 16 27 24 23 23 26 34 44 71 89 100
Total Assets 19 30 35 38 48 54 67 78 135 161 164

Mangalam Seeds Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 0 2 2 0 1 0 1 3 4 7 2
Cash Flow from Operating Activities -3 -4 5 5 7 8 -2 5 -1 -0 14
Cash Flow from Investing Activities -3 -3 -7 -4 -8 -7 -3 -2 -32 -9 6
Cash Flow from Financing Activities 8 7 0 -0 1 -0 7 -2 36 4 -20
Net Cash Inflow / Outflow 1 0 -2 0 -1 0 2 1 3 -6 0
Closing Cash & Cash Equivalent 2 2 0 1 0 1 3 4 7 2 2

Mangalam Seeds Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 2.51 2.82 3.03 3.05 3.41 5.59 4.71 10.08 12.01 9.37 7.52
CEPS(Rs) 2.91 3.25 3.49 3.45 3.78 6.3 5.51 11.15 13.46 10.86 9.37
DPS(Rs) 0.5 1 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 14.69 21.39 24.42 27.53 30.84 36.57 41.35 51.57 63.53 72.82 80.6
Core EBITDA Margin(%) 12.13 14.16 15.62 14.62 13.48 21.52 20.13 24.5 18.03 17.59 14.54
EBIT Margin(%) 10.82 12.79 14.08 13.31 12.56 19.67 18.05 22.75 16.71 16.13 12.78
Pre Tax Margin(%) 9.38 11.13 12.02 11.27 10.19 17.38 15.06 20.41 13.93 12.11 9.14
PAT Margin (%) 8.94 10.26 10.95 10.4 9.18 14.89 12.61 16.93 11.56 9.97 7.35
Cash Profit Margin (%) 10.36 11.84 12.61 11.76 10.16 16.79 14.78 18.72 12.95 11.56 9.16
ROA(%) 15.4 12.57 10.27 9.18 8.67 12.03 8.53 15.22 12.36 6.93 5.07
ROE(%) 25.01 17.14 13.22 11.75 11.69 16.59 12.08 21.7 20.86 13.74 9.8
ROCE(%) 20.4 16.87 14.19 12.57 12.94 17.38 13.06 21.64 18.97 12.25 10.16
Receivable days 49.71 101.21 132.12 101.48 80.08 91.65 94.26 72.66 53.43 71.53 74.86
Inventory Days 71.95 83.88 102.39 118.22 96.55 90.34 127.74 110.49 95.07 170.84 202.51
Payable days 519.61 34.93 50.57 44.03 38.84 20.62 11.93 5.09 5.62 12.36 19.41
PER(x) 14.28 27.04 34.69 18.62 16.08 12.52 18.22 16.1 21.18 17.44 14.71
Price/Book(x) 2.44 3.56 4.3 2.06 1.78 1.91 2.07 3.15 4 2.24 1.37
Dividend Yield(%) 1.39 0.66 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 1.42 2.86 3.97 2.1 1.73 2.09 2.67 2.93 2.93 2.35 1.51
EV/Core EBITDA(x) 11.56 19.88 25.21 14.28 12.58 9.7 13.16 11.95 15.92 13.27 10.31
Net Sales Growth(%) 59.89 24.85 0.6 6.16 25.04 2.2 -0.81 60.02 71.9 -8.2 8.78
EBIT Growth(%) 71.61 47.55 10.78 0.36 19.48 58.13 -8.75 101.02 28.23 -12.74 -13.75
PAT Growth(%) 88.27 43.39 7.35 0.86 11.8 63.79 -15.82 114.25 19.08 -21.98 -19.76
EPS Growth(%) 29.09 12.36 7.35 0.86 11.8 63.79 -15.82 114.25 19.08 -21.98 -19.76
Debt/Equity(x) 0.4 0.19 0.2 0.19 0.28 0.25 0.39 0.31 0.82 0.81 0.56
Current Ratio(x) 2.45 4.35 3.11 3.05 2.11 2.85 2.22 2.81 1.66 1.57 1.88
Quick Ratio(x) 1.48 3.16 1.85 1.59 1.17 1.74 1 1.46 0.76 0.55 0.63
Interest Cover(x) 7.52 7.7 6.82 6.53 5.3 8.61 6.02 9.75 6 4.01 3.52
Total Debt/Mcap(x) 0.17 0.05 0.05 0.09 0.16 0.13 0.19 0.1 0.2 0.36 0.41

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +9% +20% +22% +17%
Operating Profit CAGR -11% 0% +12% +18%
PAT CAGR -20% -10% +6% +15%
Share Price CAGR -18% -16% +9% +7%
ROE Average +10% +15% +16% +16%
ROCE Average +10% +14% +15% +15%

Mangalam Seeds Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 73.24 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 26.76 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 74.8474.8474.8474.3574.3674.3674.3674.3674.3673.24
FII 0000000000
DII 0000000000
Public 25.1625.1625.1625.6525.6425.6425.6425.6425.6426.76
Others 0000000000
Total 100100100100100100100100100100

Mangalam Seeds Peer Comparison

Agriculture Edit Columns

Mangalam Seeds Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Mangalam Seeds Pros & Cons

Pros

  • Company has reduced debt.

Cons

  • Debtor days have increased from 12.36 to 19.41days.
  • The company has delivered a poor profit growth of 5% over past five years.
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