Mangalam Cement Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 2, 2025, 9:32 pm

Market Cap	2,199 Cr.
Current Price	802
High / Low	1,096/671
Stock P/E	48.4
Book Value	301
Dividend Yield	0.19 %
ROCE	11.9 %
ROE	7.63 %
Face Value	10.0
PEG Ratio	-3.47

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Mangalam Cement Ltd

Competitors of Mangalam Cement Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Mount Housing & Infrastructure Ltd	9.53 Cr.	31.5	31.5/30.0		11.7	0.00 %	8.64 %	1.73 %	10.0
Mangalam Cement Ltd	2,199 Cr.	802	1,096/671	48.4	301	0.19 %	11.9 %	7.63 %	10.0
IRB Infrastructure Developers Ltd	28,299 Cr.	46.8	78.2/41.0	37.9	23.1	0.64 %	8.96 %	4.38 %	1.00
Ashoka Buildcon Ltd	5,440 Cr.	194	319/148	3.76	101	0.00 %	27.1 %	22.7 %	5.00
Ansal Properties & Infrastructure Ltd	57.8 Cr.	3.74	15.6/3.52		51.1	0.00 %	%	%	5.00
Industry Average	10,364.25 Cr	273.29		25.29	108.47	0.13%	15.50%	9.28%	6.14

All Competitor Stocks of Mangalam Cement Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	380.37	451.63	513.81	399.24	429.20	459.33	420.53	428.21	439.43	437.31	380.57	359.14	438.38
Expenses	333.94	396.40	439.54	392.12	407.82	414.25	369.12	380.15	382.02	391.74	350.88	329.02	394.91
Operating Profit	46.43	55.23	74.27	7.12	21.38	45.08	51.41	48.06	57.41	45.57	29.69	30.12	43.47
OPM %	12.21%	12.23%	14.45%	1.78%	4.98%	9.81%	12.23%	11.22%	13.06%	10.42%	7.80%	8.39%	9.92%
Other Income	6.98	7.99	4.36	-10.35	15.39	6.09	5.70	8.09	5.51	19.18	31.78	10.22	5.32
Interest	16.10	16.93	17.60	18.68	15.23	14.64	15.82	17.59	17.26	16.92	16.44	17.40	16.42
Depreciation	16.03	16.21	17.05	17.34	18.45	16.63	18.22	18.44	18.78	18.78	18.68	19.30	19.34
Profit before tax	21.28	30.08	43.98	-39.25	3.09	19.90	23.07	20.12	26.88	29.05	26.35	3.64	13.03
Tax %	33.79%	41.89%	36.11%	-30.90%	83.17%	21.51%	36.28%	41.40%	40.66%	40.52%	35.22%	9.89%	40.06%
Net Profit	14.09	17.48	28.10	-27.12	0.53	15.61	14.69	11.79	15.95	17.28	17.06	3.28	7.81
EPS in Rs	5.28	6.36	10.22	-9.86	0.19	5.68	5.34	4.29	5.80	6.28	6.20	1.19	2.84

Last Updated: February 28, 2025, 6:32 pm

Below is a detailed analysis of the quarterly data for Mangalam Cement Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹438.38 Cr.. The value appears strong and on an upward trend. It has increased from 359.14 Cr. (Sep 2024) to ₹438.38 Cr., marking an increase of 79.24 Cr..
For Expenses, as of Dec 2024, the value is ₹394.91 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 329.02 Cr. (Sep 2024) to ₹394.91 Cr., marking an increase of 65.89 Cr..
For Operating Profit, as of Dec 2024, the value is ₹43.47 Cr.. The value appears strong and on an upward trend. It has increased from 30.12 Cr. (Sep 2024) to ₹43.47 Cr., marking an increase of 13.35 Cr..
For OPM %, as of Dec 2024, the value is 9.92%. The value appears strong and on an upward trend. It has increased from 8.39% (Sep 2024) to 9.92%, marking an increase of 1.53%.
For Other Income, as of Dec 2024, the value is ₹5.32 Cr.. The value appears to be declining and may need further review. It has decreased from 10.22 Cr. (Sep 2024) to ₹5.32 Cr., marking a decrease of 4.90 Cr..
For Interest, as of Dec 2024, the value is ₹16.42 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 17.40 Cr. (Sep 2024) to ₹16.42 Cr., marking a decrease of 0.98 Cr..
For Depreciation, as of Dec 2024, the value is ₹19.34 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 19.30 Cr. (Sep 2024) to ₹19.34 Cr., marking an increase of 0.04 Cr..
For Profit before tax, as of Dec 2024, the value is ₹13.03 Cr.. The value appears strong and on an upward trend. It has increased from 3.64 Cr. (Sep 2024) to ₹13.03 Cr., marking an increase of 9.39 Cr..
For Tax %, as of Dec 2024, the value is 40.06%. The value appears to be increasing, which may not be favorable. It has increased from 9.89% (Sep 2024) to 40.06%, marking an increase of 30.17%.
For Net Profit, as of Dec 2024, the value is ₹7.81 Cr.. The value appears strong and on an upward trend. It has increased from 3.28 Cr. (Sep 2024) to ₹7.81 Cr., marking an increase of 4.53 Cr..
For EPS in Rs, as of Dec 2024, the value is 2.84. The value appears strong and on an upward trend. It has increased from 1.19 (Sep 2024) to 2.84, marking an increase of 1.65.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:33 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	706	697	922	842	1,045	1,080	1,200	1,228	1,305	1,566	1,802	1,725	1,615
Expenses	575	642	831	797	927	997	1,142	1,029	1,060	1,348	1,654	1,523	1,467
Operating Profit	131	56	90	45	118	82	57	200	245	218	148	203	149
OPM %	19%	8%	10%	5%	11%	8%	5%	16%	19%	14%	8%	12%	9%
Other Income	7	5	0	6	21	28	24	30	25	27	16	38	66
Interest	5	9	38	46	47	47	51	63	69	64	66	68	67
Depreciation	25	28	34	37	40	44	46	49	63	62	69	74	76
Profit before tax	108	24	19	-31	50	19	-16	117	138	119	28	99	72
Tax %	28%	-24%	6%	-31%	27%	40%	-39%	35%	32%	35%	38%	40%
Net Profit	77	30	18	-21	37	11	-10	76	93	78	17	60	45
EPS in Rs	28.98	11.09	6.71	-8.04	13.72	4.26	-3.65	28.43	35.02	28.26	6.23	21.72	16.51
Dividend Payout %	21%	27%	30%	-6%	5%	12%	-14%	4%	4%	5%	24%	7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-61.04%	-40.00%	-216.67%	276.19%	-70.27%	-190.91%	860.00%	22.37%	-16.13%	-78.21%	252.94%
Change in YoY Net Profit Growth (%)	0.00%	21.04%	-176.67%	492.86%	-346.46%	-120.64%	1050.91%	-837.63%	-38.50%	-62.08%	331.15%

Mangalam Cement Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	9%
5 Years:	8%
3 Years:	10%
TTM:	-8%

Compounded Profit Growth
10 Years:	7%
5 Years:	47%
3 Years:	-14%
TTM:	-22%

Stock Price CAGR
10 Years:	11%
5 Years:	41%
3 Years:	27%
1 Year:	8%

Return on Equity
10 Years:	6%
5 Years:	10%
3 Years:	7%
Last Year:	8%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:34 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	27	27	27	27	27	27	27	27	28	28	28	28	28
Reserves	466	480	491	447	479	488	477	549	640	715	729	784	800
Borrowings	211	368	382	428	391	372	518	585	632	628	621	607	646
Other Liabilities	265	267	312	291	316	333	393	432	558	558	612	649	593
Total Liabilities	969	1,142	1,212	1,192	1,213	1,220	1,414	1,593	1,858	1,928	1,990	2,068	2,068
Fixed Assets	349	515	757	744	814	831	821	915	980	1,141	1,170	1,165	1,169
CWIP	214	255	31	71	49	5	73	21	112	10	17	43	11
Investments	36	36	36	20	28	36	33	65	71	104	78	84	98
Other Assets	370	337	388	358	323	348	487	591	694	673	725	776	790
Total Assets	969	1,142	1,212	1,192	1,213	1,220	1,414	1,593	1,858	1,928	1,990	2,068	2,068

Below is a detailed analysis of the balance sheet data for Mangalam Cement Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹28.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 28.00 Cr..
For Reserves, as of Sep 2024, the value is ₹800.00 Cr.. The value appears strong and on an upward trend. It has increased from 784.00 Cr. (Mar 2024) to ₹800.00 Cr., marking an increase of 16.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹646.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 607.00 Cr. (Mar 2024) to ₹646.00 Cr., marking an increase of 39.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹593.00 Cr.. The value appears to be improving (decreasing). It has decreased from 649.00 Cr. (Mar 2024) to ₹593.00 Cr., marking a decrease of 56.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹2,068.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 2,068.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹1,169.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,165.00 Cr. (Mar 2024) to ₹1,169.00 Cr., marking an increase of 4.00 Cr..
For CWIP, as of Sep 2024, the value is ₹11.00 Cr.. The value appears to be declining and may need further review. It has decreased from 43.00 Cr. (Mar 2024) to ₹11.00 Cr., marking a decrease of 32.00 Cr..
For Investments, as of Sep 2024, the value is ₹98.00 Cr.. The value appears strong and on an upward trend. It has increased from 84.00 Cr. (Mar 2024) to ₹98.00 Cr., marking an increase of 14.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹790.00 Cr.. The value appears strong and on an upward trend. It has increased from 776.00 Cr. (Mar 2024) to ₹790.00 Cr., marking an increase of 14.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹2,068.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 2,068.00 Cr..

Notably, the Reserves (₹800.00 Cr.) exceed the Borrowings (646.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	106	63	48	75	163	86	84	216	234	189	139	182
Cash from Investing Activity +	-242	-226	-50	-62	-91	-17	-176	-156	-172	-134	-64	-112
Cash from Financing Activity +	187	116	-18	-13	-77	-67	83	3	-41	-73	-89	-86
Net Cash Flow	52	-46	-20	-0	-5	2	-9	63	20	-18	-14	-15

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-80.00	-312.00	-292.00	-383.00	-273.00	-290.00	-461.00	-385.00	-387.00	-410.00	-473.00	-404.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	16	12	11	15	12	12	11	8	11	9	8	7
Inventory Days	654	266	305	202	216	210	200	421	366	270	320	492
Days Payable	271	158	200	194	269	270	286	463	316	235	310	377
Cash Conversion Cycle	398	120	116	23	-40	-47	-75	-34	60	43	17	123
Working Capital Days	56	56	34	9	-17	-12	9	6	4	7	-2	-2
ROCE %	20%	4%	7%	2%	11%	7%	3%	17%	17%	14%	8%	12%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	26.63%	30.14%	31.95%	31.95%	31.95%	34.35%	36.32%	36.63%	36.94%	36.94%	36.94%	37.82%
FIIs	6.52%	6.62%	6.64%	6.33%	6.41%	6.75%	6.82%	6.20%	5.70%	6.32%	6.17%	6.07%
DIIs	2.60%	2.60%	2.60%	2.60%	2.60%	2.62%	2.62%	3.40%	4.36%	4.75%	4.78%	4.79%
Public	64.25%	60.64%	58.81%	59.10%	59.04%	56.28%	54.26%	53.76%	53.00%	51.97%	52.10%	51.33%
No. of Shareholders	37,377	37,884	36,965	36,553	36,201	35,831	34,988	32,210	34,065	32,431	33,027	33,427

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	1.69	0.88	-6.04	-0.96	-8.64
Diluted EPS (Rs.)	1.69	0.88	-6.04	-0.96	-8.64
Cash EPS (Rs.)	2.42	1.91	-4.47	-7.32	-5.49
Book Value[Excl.RevalReserv]/Share (Rs.)	-3.03	-4.72	-5.59	0.44	10.08
Book Value[Incl.RevalReserv]/Share (Rs.)	-3.03	-4.72	-5.59	0.44	10.08
Revenue From Operations / Share (Rs.)	20.93	17.48	7.89	7.39	12.64
PBDIT / Share (Rs.)	4.78	4.27	-2.79	-5.61	-3.78
PBIT / Share (Rs.)	4.04	3.23	-4.36	-7.93	-6.92
PBT / Share (Rs.)	2.30	1.10	-6.17	-9.89	-8.98
Net Profit / Share (Rs.)	1.69	0.87	-6.04	-9.64	-8.63
PBDIT Margin (%)	22.82	24.43	-35.42	-75.92	-29.91
PBIT Margin (%)	19.31	18.50	-55.32	-107.34	-54.80
PBT Margin (%)	11.00	6.31	-78.27	-133.83	-71.10
Net Profit Margin (%)	8.07	5.00	-76.53	-130.47	-68.34
Return on Networth / Equity (%)	-55.83	-18.54	0.00	-2184.14	-85.65
Return on Capital Employeed (%)	112.23	-1028.97	-249.43	-90.18	-34.73
Return On Assets (%)	10.31	6.23	-40.36	-46.45	-27.85
Long Term Debt / Equity (X)	-2.19	-0.93	-1.31	18.92	0.97
Total Debt / Equity (X)	-4.53	-1.40	-3.13	37.63	1.68
Asset Turnover Ratio (%)	1.38	1.21	0.44	0.28	0.35
Current Ratio (X)	0.74	0.51	0.56	0.93	1.66
Quick Ratio (X)	0.74	0.51	0.56	0.65	1.09
Interest Coverage Ratio (X)	2.75	2.00	-1.54	-2.87	-1.84
Interest Coverage Ratio (Post Tax) (X)	1.97	1.41	-2.34	-3.92	-3.19
Enterprise Value (Cr.)	24.66	12.48	16.49	14.57	14.80
EV / Net Operating Revenue (X)	1.72	1.04	3.06	2.88	1.71
EV / EBITDA (X)	7.55	4.28	-8.63	-3.80	-5.73
MarketCap / Net Operating Revenue (X)	1.07	0.66	0.84	0.69	0.37
Price / BV (X)	-7.43	-2.48	-1.20	11.56	0.46
Price / Net Operating Revenue (X)	1.07	0.66	0.84	0.69	0.37
EarningsYield	0.07	0.07	-0.90	-1.89	-1.84

After reviewing the key financial ratios for Mangalam Cement Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 1.69. This value is below the healthy minimum of 5. It has increased from 0.88 (Mar 23) to 1.69, marking an increase of 0.81.
For Diluted EPS (Rs.), as of Mar 24, the value is 1.69. This value is below the healthy minimum of 5. It has increased from 0.88 (Mar 23) to 1.69, marking an increase of 0.81.
For Cash EPS (Rs.), as of Mar 24, the value is 2.42. This value is below the healthy minimum of 3. It has increased from 1.91 (Mar 23) to 2.42, marking an increase of 0.51.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is -3.03. It has increased from -4.72 (Mar 23) to -3.03, marking an increase of 1.69.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is -3.03. It has increased from -4.72 (Mar 23) to -3.03, marking an increase of 1.69.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 20.93. It has increased from 17.48 (Mar 23) to 20.93, marking an increase of 3.45.
For PBDIT / Share (Rs.), as of Mar 24, the value is 4.78. This value is within the healthy range. It has increased from 4.27 (Mar 23) to 4.78, marking an increase of 0.51.
For PBIT / Share (Rs.), as of Mar 24, the value is 4.04. This value is within the healthy range. It has increased from 3.23 (Mar 23) to 4.04, marking an increase of 0.81.
For PBT / Share (Rs.), as of Mar 24, the value is 2.30. This value is within the healthy range. It has increased from 1.10 (Mar 23) to 2.30, marking an increase of 1.20.
For Net Profit / Share (Rs.), as of Mar 24, the value is 1.69. This value is below the healthy minimum of 2. It has increased from 0.87 (Mar 23) to 1.69, marking an increase of 0.82.
For PBDIT Margin (%), as of Mar 24, the value is 22.82. This value is within the healthy range. It has decreased from 24.43 (Mar 23) to 22.82, marking a decrease of 1.61.
For PBIT Margin (%), as of Mar 24, the value is 19.31. This value is within the healthy range. It has increased from 18.50 (Mar 23) to 19.31, marking an increase of 0.81.
For PBT Margin (%), as of Mar 24, the value is 11.00. This value is within the healthy range. It has increased from 6.31 (Mar 23) to 11.00, marking an increase of 4.69.
For Net Profit Margin (%), as of Mar 24, the value is 8.07. This value is within the healthy range. It has increased from 5.00 (Mar 23) to 8.07, marking an increase of 3.07.
For Return on Networth / Equity (%), as of Mar 24, the value is -55.83. This value is below the healthy minimum of 15. It has decreased from -18.54 (Mar 23) to -55.83, marking a decrease of 37.29.
For Return on Capital Employeed (%), as of Mar 24, the value is 112.23. This value is within the healthy range. It has increased from -1,028.97 (Mar 23) to 112.23, marking an increase of 1,141.20.
For Return On Assets (%), as of Mar 24, the value is 10.31. This value is within the healthy range. It has increased from 6.23 (Mar 23) to 10.31, marking an increase of 4.08.
For Long Term Debt / Equity (X), as of Mar 24, the value is -2.19. This value is below the healthy minimum of 0.2. It has decreased from -0.93 (Mar 23) to -2.19, marking a decrease of 1.26.
For Total Debt / Equity (X), as of Mar 24, the value is -4.53. This value is within the healthy range. It has decreased from -1.40 (Mar 23) to -4.53, marking a decrease of 3.13.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.38. It has increased from 1.21 (Mar 23) to 1.38, marking an increase of 0.17.
For Current Ratio (X), as of Mar 24, the value is 0.74. This value is below the healthy minimum of 1.5. It has increased from 0.51 (Mar 23) to 0.74, marking an increase of 0.23.
For Quick Ratio (X), as of Mar 24, the value is 0.74. This value is below the healthy minimum of 1. It has increased from 0.51 (Mar 23) to 0.74, marking an increase of 0.23.
For Interest Coverage Ratio (X), as of Mar 24, the value is 2.75. This value is below the healthy minimum of 3. It has increased from 2.00 (Mar 23) to 2.75, marking an increase of 0.75.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.97. This value is below the healthy minimum of 3. It has increased from 1.41 (Mar 23) to 1.97, marking an increase of 0.56.
For Enterprise Value (Cr.), as of Mar 24, the value is 24.66. It has increased from 12.48 (Mar 23) to 24.66, marking an increase of 12.18.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.72. This value is within the healthy range. It has increased from 1.04 (Mar 23) to 1.72, marking an increase of 0.68.
For EV / EBITDA (X), as of Mar 24, the value is 7.55. This value is within the healthy range. It has increased from 4.28 (Mar 23) to 7.55, marking an increase of 3.27.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.07. This value is within the healthy range. It has increased from 0.66 (Mar 23) to 1.07, marking an increase of 0.41.
For Price / BV (X), as of Mar 24, the value is -7.43. This value is below the healthy minimum of 1. It has decreased from -2.48 (Mar 23) to -7.43, marking a decrease of 4.95.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.07. This value is within the healthy range. It has increased from 0.66 (Mar 23) to 1.07, marking an increase of 0.41.
For EarningsYield, as of Mar 24, the value is 0.07. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.07.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Mangalam Cement Ltd as of April 4, 2025 is: 890.94

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 4, 2025, Mangalam Cement Ltd is Undervalued by 11.09% compared to the current share price 802.00

Intrinsic Value of Mangalam Cement Ltd as of April 4, 2025 is: 766.54

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 4, 2025, Mangalam Cement Ltd is Overvalued by 4.42% compared to the current share price 802.00

Last 5 Year EPS CAGR: -13.96%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of 12.33, which is a positive sign. The company has higher reserves (580.38 cr) compared to borrowings (491.46 cr), indicating strong financial stability. The company has shown consistent growth in sales (244.31 cr) and profit (57.38 cr) over the years.	The stock has a low average ROCE of 10.17%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 58.67, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Mangalam Cement Ltd:
1. Net Profit Margin: 8.07%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 112.23% (Industry Average ROCE: 15.5%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: -55.83% (Industry Average ROE: 9.28%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.97
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.74
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 48.4 (Industry average Stock P/E: 25.29)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: -4.53
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Manav Infra Projects Ltd. is a Public Limited Listed company incorporated on 08/06/2009 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L45200MH2009PLC193084 and registration number is 193084. Currently company belongs to the Industry of Construction, Contracting & Engineering. Company's Total Operating Revenue is Rs. 14.31 Cr. and Equity Capital is Rs. 6.84 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Construction, Contracting & Engineering	226, Gundecha Industrial-Complex, Akurli Road, Mumbai Maharashtra 400101	mip@manavinfra.com http://www.manavinfra.com

Management
Name	Position Held
Mr. Mahendra Raju	Chairman & Managing Director
Mr. Dinesh Yadav	Executive Director
Ms. Mahalakshmi Raju	Non Executive Director
Mr. Mohan Pai	Independent Director
Mr. Atul Purohit	Independent Director

FAQ

What is the intrinsic value of Mangalam Cement Ltd?

Mangalam Cement Ltd's intrinsic value (as of 04 April 2025) is ₹890.94 — 11.09% higher the current market price of ₹802.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 2,199 Cr. market cap, FY2025-2026 high/low of ₹1,096/671, reserves of 800 Cr, and liabilities of 2,068 Cr.

What is the Market Cap of Mangalam Cement Ltd?

The Market Cap of Mangalam Cement Ltd is 2,199 Cr..

What is the current Stock Price of Mangalam Cement Ltd as on 04 April 2025?

The current stock price of Mangalam Cement Ltd as on 04 April 2025 is 802.

What is the High / Low of Mangalam Cement Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Mangalam Cement Ltd stocks is ₹1,096/671.

What is the Stock P/E of Mangalam Cement Ltd?

The Stock P/E of Mangalam Cement Ltd is 48.4.

What is the Book Value of Mangalam Cement Ltd?

The Book Value of Mangalam Cement Ltd is 301.

What is the Dividend Yield of Mangalam Cement Ltd?

The Dividend Yield of Mangalam Cement Ltd is 0.19 %.

What is the ROCE of Mangalam Cement Ltd?

The ROCE of Mangalam Cement Ltd is 11.9 %.

What is the ROE of Mangalam Cement Ltd?

The ROE of Mangalam Cement Ltd is 7.63 %.

What is the Face Value of Mangalam Cement Ltd?

The Face Value of Mangalam Cement Ltd is 10.0.