Mangalam Alloys Ltd.

•

mangalamalloys.comBSE: -NSE: MAL

Market Cap₹ 86 Cr.

Current Price

High / Low₹ 61 / 29

Stock P/E5.8

Book Value₹ 58

Price to Book0.46

Dividend Yield0.00 %

ROCE15.6 %

ROE9.6 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Working capital cycle has improved - days down from 114 to 93
Attractively priced for its growth - PEG of 0.2

CONS

Interest coverage is weak at 1.8x - earnings barely cover interest
Equity base is being diluted - shares outstanding up 33.0%
Company has delivered a poor sales growth of 4.5% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	JSWSTEEL	1309.00	12.92	320109.92	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	183.65	20.78	229258.67	2.18	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	196.00	18.95	80958.30	1.20	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2646.15	30.23	69802.96	0.19	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	JSL	737.80	18.72	60825.68	0.54	768.66	7.56	11278.54	10.50	19.19	12.09
6.	APLAPOLLO	2151.00	48.59	59724.32	0.40	263.11	10.94	5606.71	12.07	31.83	7.34
7.	SHYAMMETL	1081.75	26.88	30195.09	0.42	350.73	20.66	5455.09	23.45	13.88	14.03
8.	JINDALSAW	310.70	30.41	19869.52	0.64	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2666.75	43.18	18691.78	0.38	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	506.95	15.81	17863.97	0.39	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	239.75	20.01	16140.90	0.42	222.37	2.75	1750.47	32.29	20.20	19.36
12.	MAL	34.75	55.38	85.78	0.00	—	—	—	—	15.63	—

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	152	152	178	269	346	271	309	303	305	431
	141	141	167	242	318	258	281	270	271	380
Operating Profit	10	11	10	27	27	13	28	33	34	51
OPM %	6.88%	7.49%	5.91%	10.00%	7.94%	4.79%	9.20%	10.97%	11.17%	11.91%
	2	3	2	1	3	1	0	5	1	4
Interest	7	7	3	10	15	15	14	19	20	26
Depreciation	3	3	3	6	7	8	8	7	7	8
Profit before Tax	3	4	6	12	8	-9	6	13	8	21
Tax %	37.13%	40.17%	20.06%	25.82%	19.46%	27.84%	17.17%	22.15%	-42.87%	36.55%
Net Profit	2	3	5	9	7	-7	5	10	11	13
EPS	3.28	3.75	2.87	5.14	3.68	-3.52	2.72	5.46	4.65	5.41
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

COMPOUNDED SALES GROWTH

10 Years:: 12%
5 Years:: 5%
3 Years:: 12%

COMPOUNDED PROFIT GROWTH

10 Years:: 25%
5 Years:: 15%
3 Years:: 38%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -19%

RETURN ON EQUITY

10 Years:: 10%
5 Years:: 6%
3 Years:: 11%
Last Year:: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	7	7	7	18	18	19	19	19	25	25
	20	23	28	31	50	45	50	60	110	118
	55	66	91	105	149	156	151	153	135	169
Trade Payables	20	24	31	50	88	66	53	80	96	118
	6	9	13	21	21	26	27	20	25	30
Total Liabilities	108	130	169	225	326	312	301	332	390	460
	22	22	45	50	83	78	82	77	96	90
Capital Work in Progress	0	4	5	14	0	0	0	6	0	0
	1	14	19	19	19	19	19	0	0	0
	28	40	40	65	126	128	117	126	146	189
	0	0	0	0	0	0	0	0	89	112
Cash & Bank	1	1	2	2	2	2	1	1	5	4
	56	48	59	75	95	85	81	121	55	64
Total Assets	108	130	169	225	326	312	301	332	390	460

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-7	9	20	7	15	6	31	14	9	1
Cash from Investing	-2	-19	-32	-19	-20	-2	-12	17	-18	-1
Cash from Financing	4	7	12	11	8	-3	-18	-29	10	1
	0	0	0	0	0	-0	-0	-0	0	1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	3.14	3.69	6.89	4.98	3.68	-3.52	2.72	5.46	4.65	5.41
Book Value (₹)	39.26	42.73	49.96	27.70	38.26	34.43	37.15	42.58	54.57	58.00
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	2.96	3.33	4.73	8.37	7.89	0.59	7.16	9.06	7.55	8.47
PROFITABILITY
Operating Margin %	8.53%	9.18%	7.10%	10.38%	8.74%	5.02%	9.32%	12.71%	11.17%	11.91%
Net Margin %	1.43%	1.71%	2.74%	3.29%	1.89%	-2.41%	1.63%	3.34%	3.77%	3.10%
ROE %	8.48%	9.09%	14.88%	20.93%	11.16%	-9.91%	7.60%	13.69%	10.73%	9.61%
ROCE %	12.94%	11.94%	8.13%	14.71%	11.90%	2.67%	8.88%	13.68%	10.75%	15.63%
	2.10%	2.19%	3.25%	4.49%	2.38%	-2.05%	1.65%	3.20%	3.18%	3.14%
EFFICIENCY
Debtor Days	83	95	86	72	71	91	70	90	108	85
Inventory Days	75	82	82	71	101	171	144	146	163	142
Payable Days	71	79	85	84	102	144	102	117	146	120
	86	98	83	59	69	117	112	119	124	107
FINANCIAL HEALTH
Debt to Equity (x)	2.06x	2.32x	2.74x	2.35x	2.20x	2.62x	2.37x	1.94x	1.12x	1.24x
Interest Coverage (x)	1.51x	1.66x	2.82x	2.20x	1.56x	0.40x	1.42x	1.69x	1.41x	1.80x
	1.21x	1.20x	1.10x	1.22x	1.15x	1.25x	1.27x	1.33x	1.47x	1.43x
GROWTH
Revenue Growth %	8.96%	0.35%	16.60%	51.22%	28.82%	-21.58%	14.05%	-2.08%	0.54%	41.67%
Operating Profit Growth %	16.69%	8.09%	-9.91%	121.29%	8.37%	-54.89%	111.60%	33.47%	-9.04%	56.90%
Net Profit Growth %	55.60%	20.23%	86.92%	81.61%	-26.04%	-199.93%	177.27%	100.49%	13.27%	16.44%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-14.84%	16.44%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	7.29x	4.93x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.62x	0.46x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	6.55x	4.37x

Shareholding Pattern

Numbers in percentages

	Sep 2016	Jul 2018	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	63.35	95.87	59.74	59.74	59.74	59.74	59.74	59.74
	0.00	0.00	0.00	0.00	0.00	0.00	0.46	0.46
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.22
	36.65	4.13	40.26	40.26	40.26	40.26	39.80	39.58

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for MAL

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Mangalam Alloys Ltd.

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Name

JSWSTEEL

1309.00

12.92

320109.92

0.54

4696.00

112.58

47364.00

11.55

20.67

19.60

TATASTEEL

183.65

20.78

229258.67

2.18

2385.24

18.82

60794.29

15.26

12.70

15.40

SAIL

196.00

18.95

80958.30

1.20

1644.05

120.80

26245.67

1.25

7.08

15.92

WELCORP

2646.15

30.23

69802.96

0.19

1047.88

200.11

4081.12

14.91

23.94

32.17

JSL

737.80

18.72

60825.68

0.54

768.66

7.56

11278.54

10.50

19.19

12.09

APLAPOLLO

2151.00

48.59

59724.32

0.40

263.11

10.94

5606.71

12.07

31.83

7.34

SHYAMMETL

1081.75

26.88

30195.09

0.42

350.73

20.66

5455.09

23.45

13.88

14.03

JINDALSAW

310.70

30.41

19869.52

0.64

90.79

-78.15

4452.31

9.00

10.38

8.79

RATNAMANI

2666.75

43.18

18691.78

0.38

107.03

-15.82

971.63

-15.63

18.01

16.69

SARDAEN

506.95

15.81

17863.97

0.39

478.13

9.50

1608.04

-1.07

17.76

41.59

GPIL

239.75

20.01

16140.90

0.42

222.37

2.75

1750.47

32.29

20.20

19.36

MAL

34.75

55.38

85.78

0.00

—

15.63

—

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

152

178

269

346

271

309

303

305

431

141

167

242

318

258

281

270

271

380

Operating Profit

OPM %

6.88%

7.49%

5.91%

10.00%

7.94%

4.79%

9.20%

10.97%

11.17%

11.91%

Interest

Depreciation

Profit before Tax

-9

Tax %

37.13%

40.17%

20.06%

25.82%

19.46%

27.84%

17.17%

22.15%

-42.87%

36.55%

Net Profit

-7

EPS

3.28

3.75

2.87

5.14

3.68

-3.52

2.72

5.46

4.65

5.41

Dividend Payout %

0.00%

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

110

118

105

149

156

151

153

135

169

Trade Payables

118

Total Liabilities

108

130

169

225

326

312

301

332

390

460

Capital Work in Progress

126

128

117

126

146

189

112

Cash & Bank

121

Total Assets

108

130

169

225

326

312

301

332

390

460

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-7

Cash from Investing

-2

-19

-32

-19

-20

-2

-12

-18

-1

Cash from Financing

-3

-18

-29

-0

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

3.14

3.69

6.89

4.98

3.68

-3.52

2.72

5.46

4.65

5.41

Book Value (₹)

39.26

42.73

49.96

27.70

38.26

34.43

37.15

42.58

54.57

58.00

Dividend per Share (₹)

0.00

Cash EPS (₹)

2.96

3.33

4.73

8.37

7.89

0.59

7.16

9.06

7.55

8.47

PROFITABILITY

Operating Margin %

8.53%

9.18%

7.10%

10.38%

8.74%

5.02%

9.32%

12.71%

11.17%

11.91%

Net Margin %

1.43%

1.71%

2.74%

3.29%

1.89%

-2.41%

1.63%

3.34%

3.77%

3.10%

ROE %

8.48%

9.09%

14.88%

20.93%

11.16%

-9.91%

7.60%

13.69%

10.73%

9.61%

ROCE %

12.94%

11.94%

8.13%

14.71%

11.90%

2.67%

8.88%

13.68%

10.75%

15.63%

2.10%

2.19%

3.25%

4.49%

2.38%

-2.05%

1.65%

3.20%

3.18%

3.14%

EFFICIENCY

Debtor Days

108

Inventory Days

101

171

144

146

163

142

Payable Days

102

144

102

117

146

120

117

112

119

124

107

FINANCIAL HEALTH

Debt to Equity (x)

2.06x

2.32x

2.74x

2.35x

2.20x

2.62x

2.37x

1.94x

1.12x

1.24x

Interest Coverage (x)

1.51x

1.66x

2.82x

2.20x

1.56x

0.40x

1.42x

1.69x

1.41x

1.80x

1.21x

1.20x

1.10x

1.22x

1.15x

1.25x

1.27x

1.33x

1.47x

1.43x

GROWTH

Revenue Growth %

8.96%

0.35%

16.60%

51.22%

28.82%

-21.58%

14.05%

-2.08%

0.54%

41.67%

Operating Profit Growth %

16.69%

8.09%

-9.91%

121.29%

8.37%

-54.89%

111.60%

33.47%

-9.04%

56.90%

Net Profit Growth %

55.60%

20.23%

86.92%

81.61%

-26.04%

-199.93%

177.27%

100.49%

13.27%

16.44%

0.00%

-14.84%

16.44%

VALUATION

P/E (x)

0.00x

7.29x

4.93x

P/B (x)

0.00x

0.62x

0.46x

Dividend Yield %

0.00%

0.00x

6.55x

4.37x

Sep 2016

Jul 2018

Sep 2023

Mar 2024

Sep 2024

Mar 2025

Sep 2025

Mar 2026

63.35

95.87

59.74

0.00

0.46

DIIs

0.00

0.22

36.65

4.13

40.26

39.80

39.58

Mangalam Alloys Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Mangalam Alloys Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI