Mangalam Worldwide Ltd.

•

mangalamworldwide.comBSE: 544764NSE: MWL

Market Cap₹ 1,133 Cr.

Current Price

High / Low₹ 44 / 20

Stock P/E21.8

Book Value₹ 10

Price to Book2.51

Dividend Yield0.08 %

ROCE18.0 %

ROE18.0 %

Face Value₹ 1

Add ratio to table

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

Company has delivered good profit growth of 80.0% CAGR over last 5 years
Promoters have been increasing their shareholding - up 3.0pp over 2 years
Company has delivered good sales growth of 32.0% CAGR over last 5 years
Company has consistently been profitable over the last 5 years
Operating margins have improved to 7.5% from 3.3%

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.71x)
Operating cash flow has been negative in recent years
Free cash flow has been persistently negative
Effective tax rate is unusually low at 1.4% - earnings may be flattered
Equity base is being diluted - shares outstanding up 21.2%

* 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	1310.35	12.93	320440.06	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	188.55	21.33	235375.56	2.12	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	186.25	18.01	76931.03	1.26	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2607.95	29.79	68795.28	0.19	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	JSL	782.80	19.87	64535.57	0.51	768.66	7.56	11278.54	10.50	19.19	12.09
6.	APLAPOLLO	2167.50	48.97	60182.46	0.39	263.11	10.94	5606.71	12.07	31.83	7.34
7.	SHYAMMETL	1073.35	26.68	29960.62	0.42	350.73	20.66	5455.09	23.45	13.88	14.03
8.	RATNAMANI	2862.55	46.35	20064.19	0.35	107.03	-15.82	971.63	-15.63	18.01	16.69
9.	JINDALSAW	311.85	30.52	19943.06	0.64	90.79	-78.15	4452.31	9.00	10.38	8.79
10.	SARDAEN	546.75	17.05	19266.45	0.37	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	253.20	21.14	17046.41	0.39	222.37	2.75	1750.47	32.29	20.20	19.36
12.	MWL	38.16	21.84	1133.38	0.08	12.02	18.71	316.22	14.68	17.97	9.20

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
	201	199	181	237	229	238	270	324	276	317	350	265	316
	195	190	170	225	217	225	255	309	260	296	324	237	304
Operating Profit	6	9	11	12	12	13	15	15	16	21	26	28	12
OPM %	3.19%	4.54%	5.90%	4.87%	5.16%	5.30%	5.62%	4.67%	5.82%	6.57%	7.49%	10.47%	3.82%
	1	1	0	2	1	2	2	2	4	1	0	2	1
Interest	3	4	4	4	5	5	7	7	7	9	10	10	14
Depreciation	1	2	2	2	2	2	2	2	2	3	3	3	3
Profit before Tax	3	4	5	7	6	7	8	8	10	10	14	16	13
Tax %	19.48%	49.04%	-15.65%	-58.45%	4.75%	-1.91%	-0.62%	-1.56%	-2.64%	-2.03%	1.05%	6.34%	5.53%
Net Profit	0	0	0	12	6	7	8	8	10	11	14	15	12
	1.01	0.87	2.47	4.82	2.45	2.67	1.44	2.85	3.41	3.55	4.74	5.17	4.01

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	302	523	644	818	1,061	1,208	1,248
	297	533	625	780	1,006	1,117	1,162
Operating Profit	4	-10	19	38	55	91	87
OPM %	1.47%	-1.99%	2.95%	4.70%	5.18%	7.55%	6.96%
	1	32	6	4	7	7	4
Interest	2	2	4	15	24	37	43
Depreciation	0	1	5	7	9	10	11
Profit before Tax	4	19	16	20	30	51	54
Tax %	25.71%	33.34%	-12.41%	-12.32%	-0.05%	1.43%	3.13%
Net Profit	3	12	18	23	30	50	52
EPS	131.86	9.27	7.56	8.39	9.93	16.87	—
Dividend Payout %	0.15%	0.00%	14.23%	11.91%	2.02%	1.78%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 32%
3 Years:: 23%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 80%
3 Years:: 43%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 48%
1 Year:: 86%

RETURN ON EQUITY

10 Years:: —
5 Years:: 22%
3 Years:: 16%
Last Year:: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0	18	25	26	30	30
Minority Interest	0	0	5	6	6	6
	13	27	111	144	226	270
	17	47	85	99	188	228
Trade Payables	16	18	13	48	113	113
	1	12	22	90	74	283
Total Liabilities	47	123	259	414	636	929
	1	50	91	99	95	91
Capital Work in Progress	0	0	0	2	0	16
	6	5	4	7	35	33
	25	35	65	146	282	464
	0	0	0	99	167	162
Cash & Bank	1	5	5	3	6	6
	14	27	94	59	51	155
Total Assets	47	123	259	414	636	929

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6	2	-62	-10	-87	24
Cash from Investing	-1	-40	-38	-20	-7	-25
Cash from Financing	-4	43	98	26	94	2
	1	4	-1	-4	-0	1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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
	63.54	63.54	67.41	67.41	66.50	66.51	66.50	66.50	66.50
	0.06	0.01	0.00	0.00	0.00	0.00	0.00	0.01	0.26
	0.00	0.00	0.00	0.00	0.00	0.00	0.36	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	36.40	36.44	32.59	32.59	33.50	33.49	33.14	33.49	33.23

Documents

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

2026-09-10

Spurt in Volume

2026-09-10 - Significant increase in volume has been observed in Mangalam Worldwide Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-09-08

Copy of Newspaper Publication

2026-09-08 - Mangalam Worldwide Limited has informed the Exchange regarding Newspaper Advertisements of Notice of Postal Ballot

2026-09-07

Shareholders meeting

2026-09-07 - Mangalam Worldwide Limited has informed the Exchange regarding Notice of Postal Ballot.

2026-09-07

Press Release

2026-09-07 - Mangalam Worldwide Limited has informed the Exchange regarding a press release dated September 07, 2026, titled "Press Release titled ADNOC empanels Mangalam Worldwide Ltd. as an approved vendor. ".

2026-09-03

Appointment

2026-09-03 - Mangalam Worldwide Limited has informed the Exchange regarding Appointment of Mr Keyoor Bakshi as Non- Executive Independent Director of the company w.e.f. September 03, 2026.

2026-09-03

Outcome of Board Meeting

2026-09-03 - Outcome of the meeting of the Board of Directors of Mangalam Worldwide Limited ( the Company ) held on today i.e. on Thursday, September 03, 2026.

2026-08-27

General Updates

2026-08-27 - Mangalam Worldwide Limited has informed the Exchange about Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

2026-08-24

Resignation

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

2026-08-07

Press Release

2026-08-07 - Mangalam Worldwide Limited has informed the Exchange regarding a press release dated August 07, 2026, titled Mangalam Worldwide Limited Scales Global Footprint with ₹21.79 Crore Export Turnover in July 2026, Signaling Rapid International Growth".

News

Recent coverage and analyst commentary for MWL

Loading news…

🤖

AI Stock Analyst

Mangalam Worldwide Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account