Mangalam Global Enterprise Ltd.

•

groupmangalam.comBSE: 544273NSE: MGEL

Market Cap₹ 525 Cr.

Current Price

High / Low₹ 18 / 10

Stock P/E11.1

Book Value₹ 8

Price to Book1.48

Dividend Yield0.06 %

ROCE19.4 %

ROE20.1 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Products: 99.9% • Retail & FMCG: 0.1%

AI Sector View

AI GENERATED

Fast Moving Consumer Goods

Hold

Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.

Confidence

62%

View full sector analysis →

PROS

Company has delivered good profit growth of 57.0% CAGR over last 5 years
Company has delivered good sales growth of 28.7% CAGR over last 5 years
Latest quarter profit grew 31.0% YoY, showing strong momentum
Company has consistently been profitable over the last 5 years
Company generates healthy free cash flow
Attractively priced for its growth - PEG of 0.2

CONS

Receivables are growing faster than sales - a possible quality concern
A large part of profit comes from other income (29.8% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.52x)
Contingent liabilities are large at 59.1% of net worth
Equity base is being diluted - shares outstanding up 18.9%
Recurring exceptional / one-off items are inflating headline profit

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

Peer comparison

Fast Moving Consumer GoodsAgriAgriculture

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

S.No.	Name
1.	KSCL	715.75	14.75	3681.75	0.00	279.84	-14.47	742.50	-13.51	21.77	39.58
2.	VENKEYS	1786.55	366.34	2516.77	0.56	49.99	215.79	1118.38	29.17	11.27	6.18
3.	AVTNPL	89.96	16.35	1369.95	0.89	31.10	156.69	241.22	82.16	14.26	16.56
4.	BSHSL	90.00	32.92	944.44	0.00	14.30	16.56	182.57	19.37	21.19	9.39
5.	REGAAL	83.83	14.43	863.40	0.30	13.33	46.95	202.15	-18.02	16.91	15.33
6.	MGEL	15.94	11.13	525.31	0.06	84.26	1210.01	9520.65	1008.93	19.37	1.94
7.	NATHBIOGEN	147.80	7.67	280.88	1.35	32.26	-13.46	328.40	15.76	6.89	10.70
8.	MSL	149.00	19.67	163.60	0.00	3.97	1.93	61.84	25.81	12.34	9.28
9.	INDOUS	77.61	30.74	155.62	0.00	3.04	-35.38	32.99	7.21	21.15	12.01
10.	OSWALSEEDS	15.54	11.64	142.14	0.00	12.27	68.60	117.08	19.53	9.88	15.65
11.	NARMADA	14.31	30.22	108.57	0.00	7.54	—	222.63	—	8.94	4.25
12.	AGRITECH	99.95	0.00	59.37	0.00	-3.61	61.18	0.00	—	-0.94	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	324	440	532	542	680	563	502	537	859	706	756	1,064	952
	314	436	526	527	669	548	491	529	846	694	743	1,040	944
Operating Profit	10	4	6	16	11	14	11	8	13	11	13	24	8
OPM %	2.94%	0.97%	1.08%	2.92%	1.61%	2.57%	2.22%	1.45%	1.46%	1.63%	1.69%	2.27%	0.81%
	2	6	5	3	5	2	6	7	4	16	6	1	2
Interest	7	7	6	6	7	9	8	6	8	7	8	8	10
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
Profit before Tax	4	2	3	13	8	7	9	8	8	19	10	17	11
Tax %	-3.15%	56.07%	16.43%	6.28%	21.85%	25.77%	26.71%	31.93%	24.09%	7.72%	13.34%	26.67%	23.07%
Net Profit	0	0	0	0	6	6	6	5	6	18	9	12	8
	0.32	0.07	0.20	0.41	0.21	0.17	0.19	0.16	0.20	0.54	0.26	0.38	0.26

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	390	582	960	1,279	1,424	1,839	2,281	3,384	3,478
	382	570	948	1,267	1,395	1,803	2,236	3,323	3,422
Operating Profit	8	11	12	12	29	36	45	62	56
OPM %	1.95%	1.95%	1.20%	0.97%	2.05%	1.96%	1.97%	1.82%	1.61%
	0	2	5	7	5	16	19	27	25
Interest	3	8	8	11	15	26	30	31	33
Depreciation	1	3	3	4	3	3	2	3	3
Profit before Tax	3	3	6	4	16	23	31	55	57
Tax %	27.87%	19.47%	20.24%	19.66%	20.99%	10.71%	26.53%	17.18%	17.29%
Net Profit	3	2	5	4	13	20	23	45	47
EPS	0.00	1.44	1.94	1.41	0.90	1.40	0.70	1.37	—
Dividend Payout %	0.00%	0.00%	43.31%	60.48%	2.18%	1.43%	1.43%	0.73%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 29%
3 Years:: 33%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 51%
3 Years:: 53%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 26%
3 Years:: 28%
1 Year:: 1%

RETURN ON EQUITY

10 Years:: —
5 Years:: 14%
3 Years:: 17%
Last Year:: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	2	16	25	26	28	29	33	33
Minority Interest	2	1	1	0	0	0	0	0
	32	43	44	50	85	110	169	215
	28	62	118	134	234	200	222	210
Trade Payables	2	3	29	43	66	20	50	187
	4	8	4	17	9	46	75	157
Total Liabilities	71	134	221	270	422	405	549	801
	26	44	34	38	65	49	57	57
Capital Work in Progress	4	0	0	0	10	0	0	0
	2	3	3	3	3	2	3	3
	15	22	22	118	69	104	105	158
	0	0	0	0	0	174	276	487
Cash & Bank	1	23	31	16	11	14	15	26
	22	40	130	95	264	62	93	71
Total Assets	71	134	221	270	422	405	549	801

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-45	14	-42	-29	-49	40	-39	46
Cash from Investing	-30	-25	-14	34	-41	2	4	-2
Cash from Financing	76	13	61	-7	92	-42	34	-41
	1	0	2	-1	1	-1	-1	3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.01	72.01	72.01	72.01	71.16	71.46	71.46	72.38	72.38
	0.00	0.00	0.00	0.00	0.11	0.72	0.17	0.18	0.09
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	27.99	27.99	27.99	27.99	28.73	27.82	28.37	27.44	27.53

Documents

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

2026-09-11

Copy of Newspaper Publication

2026-09-11 - Mangalam Global Enterprise Limited has informed the Exchange regarding Newspaper Advertisements for Notice of Postal Ballot.

2026-09-10

Shareholders meeting

2026-09-10 - Mangalam Global Enterprise Limited has informed the Exchange regarding Notice of Postal Ballot.

2026-09-08

Appointment

2026-09-08 - Mangalam Global Enterprise Limited has informed the Exchange regarding Appointment of Ms. Purvi Jayendra Bhavsar as a Non- Executive Independent Director of the company w.e.f. September 08, 2026.

2026-09-08

Appointment

2026-09-08 - Mangalam Global Enterprise Limited has informed the Exchange regarding Appointment of Mr. Ramesh Kumar Agrawal as a Non- Executive Independent Director of the company w.e.f. September 08, 2026.

2026-09-08

Outcome of Board Meeting

2026-09-08 - Mangalam Global Enterprise Limited has informed the Exchange regarding Outcome of Board Meeting held on Tuesday, September 08, 2026.

2026-09-02

Press Release

2026-09-02 - Mangalam Global Enterprise Limited has informed the Exchange regarding a press release dated September 02, 2026, titled "Mangalam Global Enterprise Limited Appoints Mr. Darshak Mehta as Chief Executive Officer for the brand NEAT Everyday".

2026-08-24

Resignation of Director/KMP/SMP

2026-08-24 - Mangalam Global Enterprise Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-24

Resignation of Director/KMP/SMP

2026-08-24 - Mangalam Global Enterprise Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-24

Cessation

2026-08-24 - Mangalam Global Enterprise Limited has informed the Exchange regarding Cessation of Mr. Anilkumar Shyamlal Agrawal as Non- Executive Independent Director of the company w.e.f. August 24, 2026.

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