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Last Updated on: 22 February, 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 & Contracting226, 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

Manav Infra Projects Ltd. Share Price Update

Share PriceValue
Today₹20.55
Previous Day₹20.55

Basic Stock Data of Mangalam Cement Ltd

Market Cap 2,021 Cr.
Current Price 735
High / Low784/234
Stock P/E34.8
Book Value 283
Dividend Yield0.20 %
ROCE7.79 %
ROE3.37 %
Face Value 10.0

Data Source: screener.in

Competitors of Mangalam Cement Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
ITD Cementation India Ltd 6,152 Cr. 358365/93.227.7 77.20.21 %18.8 %10.4 % 1.00
Sadbhav Engineering Ltd 510 Cr. 29.732.3/8.50 7.340.00 %4.85 %60.2 % 1.00
Brigade Enterprises Ltd 23,283 Cr. 1,0081,108/44693.3 1460.19 %8.41 %6.34 % 10.0
Supreme Infrastructure India Ltd 176 Cr. 68.675.0/19.6 2,2210.00 %%% 10.0
Prestige Estates Projects Ltd 45,139 Cr. 1,1261,440/39126.6 2750.14 %10.3 %7.56 % 10.0
Industry Average152 Cr91.6629.52101.510.11%8.47%16.9%6.4

Mangalam Cement Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales325341411358376380452514399429459421428
Expenses274266336279338334396440392408414369380
Operating Profit5075767938465574721455148
OPM %16%22%18%22%10%12%12%14%2%5%10%12%11%
Other Income76648784-1015668
Interest17171814171617181915151618
Depreciation17131614161616171718171818
Profit before tax2452485413213044-393202320
Tax %34%37%26%35%17%34%42%36%31%83%22%36%41%
Net Profit1633353511141728-271161512
EPS in Rs5.8612.2513.2513.144.155.286.3610.22-9.860.195.685.344.29

Mangalam Cement Ltd Quarterly Chart

Mangalam Cement Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6317066979228421,0451,0801,2001,2281,3051,5661,8021,737
Expenses5275756428317979279971,1421,0291,0601,3481,6541,571
Operating Profit1041315690451188257200245218148166
OPM %16%19%8%10%5%11%8%5%16%19%14%8%10%
Other Income675062128243025271635
Interest35938464747516369646663
Depreciation32252834374044464963626972
Profit before tax751082419-315019-161171381192866
Tax %25%28%-24%6%31%27%40%39%35%32%35%38%
Net Profit56773018-213711-107693781743
EPS in Rs20.9728.9811.096.71-8.0413.724.26-3.6528.4335.0228.266.2315.50
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:10%
5 Years:11%
3 Years:14%
TTM:-3%
Compounded Profit Growth
10 Years:-11%
5 Years:18%
3 Years:-31%
TTM:51%
Stock Price CAGR
10 Years:21%
5 Years:25%
3 Years:38%
1 Year:137%
Return on Equity
10 Years:6%
5 Years:8%
3 Years:9%
Last Year:3%

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days171612111512121181198
Inventory Days203654266305202216210200421366270287
Days Payable154271158200194269270286463316235278
Cash Conversion Cycle6639812011623-40-47-75-34604316
Working Capital Days595656349-17-129647-2
ROCE %19%20%4%7%2%11%7%3%17%17%14%8%

Mangalam Cement Ltd Financial Efficiency Indicators Chart

Mangalam Cement Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters24.50%24.50%24.99%24.99%26.63%30.14%31.95%31.95%31.95%34.35%36.32%36.63%
FIIs4.89%5.36%6.89%6.75%6.52%6.62%6.64%6.33%6.41%6.75%6.82%6.20%
DIIs2.88%2.87%2.67%2.67%2.60%2.60%2.60%2.60%2.60%2.62%2.62%3.40%
Public67.73%67.27%65.45%65.59%64.25%60.64%58.81%59.10%59.04%56.28%54.26%53.76%
No. of Shareholders19,17919,36124,11724,18637,37737,88436,96536,55336,20135,83134,98832,210

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 (%)-1029.37-249.43-90.18-34.738.90
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)-3.04-3.1337.631.680.86
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.)17.8016.4914.5714.8014.90
EV / Net Operating Revenue (X)1.493.062.881.710.95
EV / EBITDA (X)6.10-8.63-3.80-5.734.21
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 of Mangalam Cement Ltd Stock

Fair Value: ₹332.55

The stock is overvalued by 54.75% compared to the current price ₹735

*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 17.42, 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 (55.08 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of -2.69 and average Dividend Yield of -54.89%.
  2. The stock has a low average ROCE of 10.75%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 53.83, which may not be favorable.

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