Mangalam Organics Limited
NSE: MANORG · Commodity Chemicals · sector
₹468.90NSE close 2026-10-26
Key numbers
Market cap₹402 cr
Price₹468.90
52w high / low₹635 / ₹356
P/E19.7xSector median 15.2x
P/B1.3xSector median 1.3x
Book value₹372.0
Dividend yield–Sector median 0.84%
ROE6.8%Sector median 7.2%
ROCE8.5%Sector median 9.4%
OPM13.0%Sector median 8.6%
Debt / equity1.12xSector median 0.25x
EV/EBITDA8.9xSector median 11.6x
Interest cover1.9x
Current ratio1.14x
Sales growth 3y+8.1%Sector median +1.0%
Profit growth 3y–Sector median -11.1%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 70 companies in Commodity Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹3 cr vs borrowings ₹356 cr (FY26): borrowings are higher by ₹354 cr.
- Operating profit covered interest 1.9x in the last 12 months.
- 22.62% of the promoters' shares are pledged (13.3% of all shares).
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 4% of net profit in the last 12 months.
- Dividend paid in 1 of the last 5 financial years.
- Price ₹468.90 on 2026-10-26: -26.2% from the 52-week high, +31.6% 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 ₹619.95 · low ₹380.65
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 138 | 124 | 150 | 147 | 158 | 164 | 154 | 179 |
| EBITDA | 12 | 16 | 20 | 22 | -3 | 19 | 47 | 22 |
| OPM % | 8.9% | 12.7% | 13.1% | 14.7% | -2.0% | 11.7% | 30.4% | 12.4% |
| Other income | 0 | 0 | 0 | 4 | 21 | 0 | -20 | 0 |
| Net profit | 2 | 4 | 5 | 12 | 3 | 4 | 6 | 7 |
| EPS (₹) | 2.48 | 4.25 | 5.92 | 14.28 | 3.73 | 5.07 | 6.56 | 8.49 |
| Revenue YoY | +14.3% | +32.6% | +2.6% | +22.2% | ||||
| Profit YoY | +49.3% | +19.0% | +16.3% | -40.6% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 491 | 493 | 494 | 530 | 623 | 655 |
| EBITDA | 91 | -3 | 39 | 59 | 84 | 85 |
| Net profit | 54 | -27 | 4 | 13 | 26 | 21 |
| EPS (₹) | 62.68 | -31.63 | 4.92 | 14.60 | 29.64 | 23.85 |
| Revenue growth | +0.4% | +0.2% | +7.4% | +17.5% | +17.3% | |
| Profit growth | -150.7% | – | +193.7% | +104.4% | -10.2% | |
| Dividend / share (₹) | – | 1.50 | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +8.1% | – | +17.3% |
| Net profit | – | – | -10.2% |
| EPS | – | – | – |
| Share price | – | -6.6% (2y) | -8.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 276 | 281 | 293 | 319 |
| Borrowings | – | 190 | 173 | 268 | 356 |
| Cash & equivalents | – | 1 | 2 | 1 | 3 |
| Total assets | – | 506 | 485 | 624 | 740 |
| Fixed assets | – | 227 | 244 | 265 | 323 |
| Capital work in progress | – | 1 | 5 | 26 | 0 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 47 | 56 | 69 | 59 |
| Inventory | – | 189 | 136 | 213 | 300 |
| Payables | – | 33 | 24 | 52 | 46 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -83 | 64 | 58 | -51 | -55 |
| Cash from investing | -100 | -41 | -40 | -67 | -60 |
| Cash from financing | 182 | -23 | -17 | 117 | 116 |
| Capex | 100 | 41 | 40 | 67 | 63 |
| Free cash flow | -183 | 23 | 18 | -118 | -119 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -9.9% | 1.5% | 4.3% | 8.1% |
| ROCE % | – | -4.3% | 4.3% | 6.8% | 9.1% |
| Debtor days | – | 35 | 41 | 48 | 34 |
| Inventory days | – | 201 | 164 | 285 | 334 |
| Payable days | – | 35 | 28 | 69 | 51 |
| Cash conversion cycle (days) | – | 201 | 177 | 264 | 317 |
| Working capital days | – | 57 | 33 | 18 | 28 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 58.65% |
| FIIs | 0.12% |
| Government | 0.00% |
| Public (non-institutions) | 41.23% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 58.65% | 58.65% | 58.65% | 58.65% | 58.65% | 58.65% | 58.65% | 58.65% |
| Promoter group | % |
|---|---|
| Tradechem Organics Limited | 21.36% |
| Manisha Pankaj Dujodwala | 9.96% |
| Akshay Dujodwala | 9.43% |
| Alka K Dujodwala | 6.76% |
| Kamalkumar Ramgopal Dujodwala | 5.57% |
| Dujodwala Pankaj Ramgopal | 2.01% |
| Dujodwala Exports Private Limited | 2.01% |
| Pannkaj Dujodwala | 1.53% |
| Vasudha Dujodwala | 0.00% |
| Ramgopal Kamalkumar Dujodwala | 0.00% |
| Public holders above 1% | % |
|---|---|
| Investor Education and Protection Fund Authority Ministry of Corporate Affairs | 6.67% |
| Radhakishan S Damani | 2.17% |
14,597 shareholders. Pledged: 22.62% of promoter shares.
Peers in Commodity Chemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SRF | ₹69,362 cr | 30.4x | 4.5x | 16.0% | 15.2% | 21.4% | +373.5% | 0.38% |
| TATACHEM | ₹15,184 cr | – | 0.7x | -10.1% | -4.2% | -1.6% | -4.6% | 1.84% |
| DEEPAKFERT | ₹14,422 cr | 14.7x | 2.1x | 15.1% | 13.6% | 16.7% | +0.6% | 0.89% |
| GNFC | ₹7,634 cr | 7.4x | 0.8x | 11.7% | 15.2% | 14.8% | -8.7% | 3.41% |
| TANFACIND | ₹4,989 cr | 66.3x | 13.4x | 19.7% | 20.5% | 15.5% | +23.8% | – |
| GUJALKALI | ₹4,043 cr | 60.9x | 0.8x | 1.2% | 3.6% | 11.3% | -1.2% | 2.88% |
| GRAUWEIL | ₹3,537 cr | 22.1x | 3.3x | 15.9% | 19.6% | 15.3% | +6.8% | 0.64% |
| GHCL | ₹3,486 cr | 6.7x | 1.0x | 14.9% | 19.9% | 24.8% | -12.3% | 3.29% |
| JGCHEM | ₹2,190 cr | 29.1x | 4.1x | 15.1% | 19.8% | 8.9% | – | 0.18% |
| MANORG | ₹402 cr | 19.7x | 1.3x | 6.8% | 8.5% | 13.0% | +8.1% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-06 | Other | Annual General Meeting |
| 2023-09-21 | Other | Annual General Meeting |
| 2022-09-20 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Commodity Chemicals |
| Sub-industry | Commodity Chemicals |
| Symbol | MANORG |
| BSE code | 514418 |
| ISIN | INE370D01013 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.