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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Mangalam Cement Ltd

About the Company - Mangalam Cement Ltd

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. Company’s Total Operating Revenue is Rs. 5.39 Cr. and Equity Capital is Rs. 6.84 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction, Contracting & Engineering226, Gundecha Industrial-Complex, Mumbai Maharashtra 400101mip@manavinfra.com
http://www.manavinfra.com
Management
NamePosition Held
Mr. Mahendra Narayan RajuChairman & Managing Director
Mr. Dinesh Shivnath YadavExecutive Director
Ms. Mahalakshmi Mahendra RajuNon Executive Director
Mr. Mohan Madhav PaiIndependent Director
Mr. Atul Bhagavatishanker PurohitIndependent Director

Basic Stock Data of Mangalam Cement Ltd

Last Updated: June 22, 2024, 10:35 pm

Market Cap 2,417 Cr.
Current Price 879
High / Low935/277
Stock P/E40.5
Book Value 295
Dividend Yield0.17 %
ROCE11.9 %
ROE7.62 %
Face Value 10.0
PEG Ratio-7.01

Competitors of Mangalam Cement Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
ITD Cementation India Ltd 8,159 Cr. 475498/15829.8 87.00.16 %27.5 %20.0 % 1.00
Bhanderi Infracon Ltd 30.8 Cr. 118134/11050.4 96.60.00 %2.04 %2.49 % 10.0
Anand Projects Ltd 2.28 Cr. 24.524.5/20.2 1030.00 %61.4 %122 % 10.0
MBL Infrastructure Ltd 550 Cr. 52.562.4/19.2 71.30.00 %0.59 %5.13 % 10.0
Kaushalya Infrastructure Development Corpn Ltd 24.5 Cr. 7071,079/4441.62 2,0800.00 %23.4 %23.6 % 1,000
Industry Average16,736.11 Cr295.7733.06161.360.13%16.65%17.00%32.61

Mangalam Cement Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales341411358376380452514399429459421428439
Expenses266336279338334396440392408414369380382
Operating Profit7576793846557472145514857
OPM %22%18%22%10%12%12%14%2%5%10%12%11%13%
Other Income6648784-10156686
Interest17181417161718191515161817
Depreciation13161416161617171817181819
Profit before tax52485413213044-39320232027
Tax %37%26%35%17%34%42%36%31%83%22%36%41%41%
Net Profit33353511141728-27116151216
EPS in Rs12.2513.2513.144.155.286.3610.22-9.860.195.685.344.295.80

Last Updated: June 3, 2024, 11:16 am

Mangalam Cement Ltd Quarterly Chart

Mangalam Cement Ltd Profit & Loss

Last Updated: May 27, 2024, 5:43 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6317066979228421,0451,0801,2001,2281,3051,5661,8021,748
Expenses5275756428317979279971,1421,0291,0601,3481,6541,546
Operating Profit1041315690451188257200245218148202
OPM %16%19%8%10%5%11%8%5%16%19%14%8%12%
Other Income675062128243025271625
Interest35938464747516369646665
Depreciation32252834374044464963626972
Profit before tax751082419-315019-161171381192890
Tax %25%28%-24%6%31%27%40%39%35%32%35%38%
Net Profit56773018-213711-107693781758
EPS in Rs20.9728.9811.096.71-8.0413.724.26-3.6528.4335.0228.266.2321.11
Dividend Payout %29%21%27%30%-6%5%12%-14%4%4%5%24%

Mangalam Cement Ltd Profit & Loss Yearly Chart

Mangalam Cement Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:8%
3 Years:10%
TTM:-4%
Compounded Profit Growth
10 Years:7%
5 Years:47%
3 Years:-14%
TTM:137%
Stock Price CAGR
10 Years:16%
5 Years:30%
3 Years:42%
1 Year:169%
Return on Equity
10 Years:6%
5 Years:10%
3 Years:7%
Last Year:8%

Last Updated: June 15, 2024, 4:30 pm

Mangalam Cement Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital27272727272727272728282828
Reserves406466480491447479488477549640715729751
Borrowings0211368382428391372518585632628621623
Other Liabilities201265267312291316333393432558558612693
Total Liabilities6339691,1421,2121,1921,2131,2201,4141,5931,8581,9281,9902,095
Fixed Assets3523495157577448148318219159801,1411,1701,181
CWIP1921425531714957321112101728
Investments13636362028363365711047881
Other Assets260370337388358323348487591694673725805
Total Assets6339691,1421,2121,1921,2131,2201,4141,5931,8581,9281,9902,095

Mangalam Cement Ltd Reserves and Borrowings Chart

Mangalam Cement Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 871066348751638684216234189139
Cash from Investing Activity -40-242-226-50-62-91-17-176-156-172-134-64
Cash from Financing Activity -22187116-18-13-77-67833-41-73-89
Net Cash Flow2552-46-20-0-52-96320-18-14

Mangalam Cement Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days16121115121211811987
Inventory Days654266305202216210200421366270287492
Days Payable271158200194269270286463316235278377
Cash Conversion Cycle39812011623-40-47-75-34604316123
Working Capital Days5656349-17-129647-216
ROCE %20%4%7%2%11%7%3%17%17%14%8%

Mangalam Cement Ltd Financial Efficiency Indicators Chart

Mangalam Cement Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters24.50%24.99%24.99%26.63%30.14%31.95%31.95%31.95%34.35%36.32%36.63%36.94%
FIIs5.36%6.89%6.75%6.52%6.62%6.64%6.33%6.41%6.75%6.82%6.20%5.70%
DIIs2.87%2.67%2.67%2.60%2.60%2.60%2.60%2.60%2.62%2.62%3.40%4.36%
Public67.27%65.45%65.59%64.25%60.64%58.81%59.10%59.04%56.28%54.26%53.76%53.00%
No. of Shareholders19,36124,11724,18637,37737,88436,96536,55336,20135,83134,98832,21034,065

Mangalam Cement Ltd Shareholding Pattern Chart

No. of Mangalam Cement Ltd Shareholders

This stock is not held by any mutual fund

Mangalam Cement Ltd ROCE Trend

Mangalam Cement Ltd EPS Trend

Mangalam Cement Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.88-6.04-0.96-8.640.64
Diluted EPS (Rs.)0.88-6.04-0.96-8.640.64
Cash EPS (Rs.)1.91-4.47-7.32-5.493.27
Book Value[Excl.RevalReserv]/Share (Rs.)-4.72-5.590.4410.0819.10
Book Value[Incl.RevalReserv]/Share (Rs.)-4.72-5.590.4410.0819.10
Revenue From Operations / Share (Rs.)17.487.897.3912.6422.72
PBDIT / Share (Rs.)4.27-2.79-5.61-3.785.17
PBIT / Share (Rs.)3.23-4.36-7.93-6.922.54
PBT / Share (Rs.)1.10-6.17-9.89-8.980.55
Net Profit / Share (Rs.)0.87-6.04-9.64-8.630.63
PBDIT Margin (%)24.43-35.42-75.92-29.9122.77
PBIT Margin (%)18.50-55.32-107.34-54.8011.18
PBT Margin (%)6.31-78.27-133.83-71.102.43
Net Profit Margin (%)5.00-76.53-130.47-68.342.80
Return on Networth / Equity (%)-18.540.00-2184.14-85.653.33
Return on Capital Employeed (%)-1028.97-249.43-90.18-34.738.90
Return On Assets (%)6.23-40.36-46.45-27.851.58
Long Term Debt / Equity (X)-0.93-1.3118.920.970.49
Total Debt / Equity (X)-1.40-3.1337.631.680.86
Asset Turnover Ratio (%)1.210.440.280.350.62
Current Ratio (X)0.510.560.931.662.23
Quick Ratio (X)0.510.560.651.091.66
Interest Coverage Ratio (X)2.00-1.54-2.87-1.842.60
Interest Coverage Ratio (Post Tax) (X)1.41-2.34-3.92-3.191.32
Enterprise Value (Cr.)12.4816.4914.5714.8014.90
EV / Net Operating Revenue (X)1.043.062.881.710.95
EV / EBITDA (X)4.28-8.63-3.80-5.734.21
MarketCap / Net Operating Revenue (X)0.660.840.690.370.23
Price / BV (X)-2.48-1.2011.560.460.28
Price / Net Operating Revenue (X)0.660.840.690.370.23
EarningsYield0.07-0.90-1.89-1.840.11

Mangalam Cement Ltd Profitability Ratios (%)

Mangalam Cement Ltd Liquidity Ratios

Mangalam Cement Ltd Liquidity Ratios (%)

Mangalam Cement Ltd Interest Coverage Ratios (%)

Mangalam Cement Ltd Valuation Ratios

Fair Value

Fair Value: 911.95

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.

Undervalued: 3.75% compared to the current price 879

Intrinsic Value: 859.23

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 2.25% compared to the current price ₹879

Last 5 Year EPS CAGR: -5.78%

*Investments are subject to market risks

Strength and Weakness of Mangalam Cement Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of 13.83, which is a positive sign.
  2. The company has higher reserves (547.54 cr) compared to borrowings (443.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (292.77 cr) and profit (56.92 cr) over the years.
  1. The stock has a low average ROCE of 9.17%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 58.58, which may not be favorable.

FAQ

What is the latest fair value of Mangalam Cement Ltd?

The latest fair value of Mangalam Cement Ltd is ₹911.95.

What is the Market Cap of Mangalam Cement Ltd?

The Market Cap of Mangalam Cement Ltd is 2,417 Cr..

What is the current Stock Price of Mangalam Cement Ltd as on 23 June 2024?

The current stock price of Mangalam Cement Ltd as on 23 June 2024 is ₹879.

What is the High / Low of Mangalam Cement Ltd stocks in FY 2024?

In FY 2024, the High / Low of Mangalam Cement Ltd stocks is 935/277.

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

The Stock P/E of Mangalam Cement Ltd is 40.5.

What is the Book Value of Mangalam Cement Ltd?

The Book Value of Mangalam Cement Ltd is 295.

What is the Dividend Yield of Mangalam Cement Ltd?

The Dividend Yield of Mangalam Cement Ltd is 0.17 %.

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 7.62 %.

What is the Face Value of Mangalam Cement Ltd?

The Face Value of Mangalam Cement Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Mangalam Cement Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE