Mangalam Cement Ltd
NSE: MANGLMCEM · Cement & Cement Products · sector
₹897.20NSE close 2026-10-26
Key numbers
Market cap₹2,467 cr
Price₹897.20
52w high / low₹1,120 / ₹679
P/E21.5xSector median 21.5x
P/B2.5xSector median 1.4x
Book value₹355.4
Dividend yield0.17%Sector median 0.64%
ROE12.6%Sector median 7.3%
ROCE7.3%Sector median 6.3%
OPM9.8%Sector median 10.9%
Debt / equity0.89xSector median 0.48x
EV/EBITDA17.9xSector median 14.1x
Interest cover2.0x
Current ratio0.72x
Sales growth 3y-0.8%Sector median +1.9%
Profit growth 3y+96.0%Sector median +16.8%
PEG0.23x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 38 companies in Cement & Cement Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹228 cr vs borrowings ₹870 cr (FY26): borrowings are higher by ₹641 cr.
- Operating profit covered interest 2.0x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY26).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 38% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹897.20 on 2026-10-26: -19.9% from the 52-week high, +32.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,092.90 · low ₹686.60
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 359 | 438 | 503 | 452 | 395 | 421 | 490 | 455 |
| EBITDA | 30 | 43 | 54 | 75 | 43 | 44 | 33 | 53 |
| OPM % | 8.4% | 9.9% | 10.8% | 16.6% | 10.8% | 10.4% | 6.8% | 11.7% |
| Other income | 10 | 5 | 13 | 11 | 10 | 7 | 16 | 11 |
| Net profit | 3 | 8 | 17 | 32 | 20 | 11 | 65 | 18 |
| EPS (₹) | 1.19 | 2.84 | 6.15 | 11.73 | 7.31 | 4.13 | 23.72 | 6.57 |
| Revenue YoY | +10.0% | -3.9% | -2.5% | +0.8% | ||||
| Profit YoY | +513.1% | +45.3% | +285.7% | -44.0% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,566 | 1,802 | 1,725 | 1,681 | 1,758 | 1,762 |
| EBITDA | 218 | 128 | 202 | 157 | 195 | 173 |
| Net profit | 78 | 17 | 60 | 45 | 129 | 115 |
| EPS (₹) | 28.26 | 6.23 | 21.72 | 16.39 | 46.90 | 41.73 |
| Revenue growth | +15.0% | -4.2% | -2.6% | +4.6% | +0.6% | |
| Profit growth | -78.0% | +248.8% | -24.5% | +186.2% | +90.5% | |
| Dividend / share (₹) | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -0.8% | +6.3% | +0.6% |
| Net profit | +96.0% | +3.4% | +90.4% |
| EPS | +96.0% | +2.8% | – |
| Share price | – | +7.5% (2y) | +22.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 756 | 812 | 852 | 977 |
| Borrowings | – | 612 | 599 | 615 | 870 |
| Cash & equivalents | – | 221 | 239 | 256 | 228 |
| Total assets | – | 1,990 | 2,068 | 2,166 | 2,425 |
| Fixed assets | – | 1,133 | 1,127 | 1,139 | 1,250 |
| Capital work in progress | – | 17 | 43 | 5 | 54 |
| Investments | – | 0 | 0 | 3 | 9 |
| Receivables | – | 37 | 34 | 40 | 37 |
| Inventory | – | 257 | 308 | 275 | 319 |
| Payables | – | 249 | 235 | 245 | 202 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 189 | 139 | 182 | 188 | 94 |
| Cash from investing | -134 | -64 | -112 | -132 | -297 |
| Cash from financing | -73 | -89 | -86 | -63 | 183 |
| Capex | 125 | 127 | 99 | 125 | 348 |
| Free cash flow | 64 | 11 | 84 | 62 | -254 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 2.3% | 7.4% | 5.3% | 13.2% |
| ROCE % | – | 6.9% | 11.8% | 9.5% | 8.6% |
| Debtor days | – | 7 | 7 | 9 | 8 |
| Inventory days | – | 287 | 492 | 326 | 427 |
| Payable days | – | 278 | 377 | 290 | 271 |
| Cash conversion cycle (days) | – | 16 | 122 | 45 | 164 |
| Working capital days | – | -22 | -27 | -36 | -57 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 40.00% |
| FIIs | 5.58% |
| DIIs | 4.83% |
| of which Mutual funds | 4.21% |
| Public (non-institutions) | 49.59% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 37.81% | 39.52% | 39.52% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% |
| Promoter group | % |
|---|---|
| Vidula Consultancy Services Limited | 16.68% |
| Rambara Trading Private Limited | 14.39% |
| Aditya Birla Real Estate Limited (Formally Century Textiles and Industries Ltd) | 5.08% |
| AVA Trading and Consulting Private Limited | 2.03% |
| Anshuman Vikram Jalan | 1.04% |
| B. K. Birla Foundation | 0.40% |
| Vaishnavi Jalan | 0.20% |
| Avayaan Vikram Jalan | 0.10% |
| Mignonette Creations Private Limited | 0.09% |
| Estate of Basant Kumar Birla | 0.00% |
| Manav Investment and Trading Company Limited | 0.00% |
| Cygnet Industries Limited | 0.00% |
| Pilani Investment and Industries Corporation Ltd | 0.00% |
| Public holders above 1% | % |
|---|---|
| ELM Park Fund Limited | 4.46% |
| Quant Mutual Fund - Quant Value Fund | 4.21% |
| Capri Global Ventures Private Limited | 3.17% |
| Spark on Line P Ltd | 1.51% |
28,724 shareholders. Pledged: 0.00% of promoter shares.
Peers in Cement & Cement Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| ULTRACEMCO | ₹3,29,452 cr | 37.4x | 4.5x | 12.1% | 13.5% | 19.0% | +11.9% | 0.69% |
| GRASIM | ₹2,00,762 cr | 35.1x | 1.9x | 5.7% | 5.9% | 14.2% | +14.2% | 0.83% |
| AMBUJACEM | ₹91,448 cr | 20.8x | 1.5x | 7.8% | 4.8% | 14.6% | +1.4% | 0.62% |
| SHREECEM | ₹84,932 cr | 52.1x | 3.6x | 7.3% | 9.6% | 20.9% | +5.5% | 0.60% |
| JKCEMENT | ₹38,133 cr | 40.3x | 5.4x | 14.4% | 13.7% | 15.9% | +12.2% | 0.30% |
| DALBHARAT | ₹30,890 cr | 32.6x | 1.7x | 2.3% | 6.9% | 18.5% | +3.0% | 0.55% |
| ACC | ₹21,934 cr | 11.5x | 1.1x | 9.8% | 9.2% | 10.4% | +5.3% | 0.64% |
| RAMCOCEM | ₹17,620 cr | 27.3x | 2.2x | 8.3% | 10.1% | 20.7% | +3.4% | 0.27% |
| JSWCEMENT | ₹15,880 cr | 20.5x | 2.4x | 11.6% | 9.8% | 17.2% | – | – |
| MANGLMCEM | ₹2,467 cr | 21.5x | 2.5x | 12.6% | 7.3% | 9.8% | -0.8% | 0.17% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-14 | Dividend | Dividend - Rs 1.50 Per Share |
| 2025-08-14 | Dividend | Dividend - Rs 1.50 Per Share |
| 2024-07-19 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2023-07-28 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2022-08-25 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2021-09-08 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2020-09-17 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2019-09-11 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2018-08-30 | Dividend | Annual General Meeting/Dividend- Re 0.50 Per Share |
| 2017-08-23 | Dividend | Annual General Meeting/Dividend - Re 0.75 Per Share |
| 2016-09-08 | Other | Annual General Meeting/ Divided - Re 0.50/- Per Share |
| 2015-08-06 | Dividend | Annual General Meeting/ Dividend - Rs 2/- Per Share |
| 2014-09-04 | Dividend | Annual General Meeting / Dividend - Rs 3/- Per Share (Purpose Revised) |
| 2013-07-18 | Dividend | Annual General Meeting / Final Dividend Rs.6/- Per Equity Share |
| 2012-07-26 | Dividend | Dividend - Rs.6/- Per Share |
| 2011-07-28 | Dividend | Dividend-Rs.6/- Per Share |
| 2010-07-21 | Dividend | Annual General Meeting And Dividend Rs.6/- Per Share (Purpose Revised) |
| 2009-07-08 | Other | Agm/Div-Rs.5.50 Per Share |
| 2008-07-04 | Other | Agm/Div-Rs.5 Per Share |
| 2007-07-05 | Other | Agm/Div-Rs.2/- Per Sh |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Cement and Clinker
| Sector | Commodities |
| Industry | Cement & Cement Products |
| Sub-industry | Cement & Cement Products |
| Symbol | MANGLMCEM |
| BSE code | 502157 |
| ISIN | INE347A01017 |
| Face value | ₹10.0 |
| Incorporated | 1976-10-27 |
| Website | www.mangalamcement.com |
| Plants (India / abroad) | 3 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.