Mangalam Cement Limited

NSE: MANGLMCEM · Unclassified

₹913.25+1.12%06 Nov 2026

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Instant answers about Mangalam Cement Limited — computed from its filings, no language model

Market cap₹2,511 cr

Current price₹913.25

High / Low₹1,098 / ₹685

P/E24.6

P/B2.51

Book value₹363.4

ROE10.2%

ROCE6.6%

Debt / equity0.96

Dividend yield0.16%

EPS (TTM)₹37.12

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,125	1,195	1,228	1,298	1,566	1,802	1,725	1,681	1,758
EBITDA	86	53	199	259	218	148	202	157	217
Operating margin	7.7%	4.4%	16.2%	19.9%	13.9%	8.2%	11.7%	9.4%	12.3%
Interest	47	51	63	65	64	66	68	69	64
Depreciation	44	46	49	59	62	69	74	79	81
Profit before tax	19	-16	117	168	119	28	99	70	94
Tax	8	-6	41	59	41	11	39	25	-35
Net profit	0	0	76	109	78	17	60	45	129
EPS ₹	4.26	-3.65	28.43	40.83	28.26	6.23	21.72	16.39	46.90
Operating cash flow	—	—	—	—	189	139	182	188	94
Capex	—	—	—	—	125	127	99	125	348
Dividend paid	—	—	—	—	4	4	4	4	4
Total assets	—	—	—	—	—	1,990	2,068	2,166	2,425
Equity	—	—	—	—	—	756	812	852	977

Quarterly performance

last 35 quarters · ₹ crore

showing latest 8 of 35 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	304	254	288	335	318	333	289	309	297	226	321	340	411	355	376	380	452	514	399	429	459	421	428	439	437	381	359	438	503	452	395	421	490	455	433
Operating profit	12	5	16	12	20	68	45	41	46	46	55	78	78	82	38	46	55	74	7	21	45	51	48	57	46	30	30	43	54	75	43	45	54	53	41
Operating margin	3.8%	1.8%	5.6%	3.7%	6.2%	20.4%	15.4%	13.2%	15.5%	20.5%	17.2%	23.0%	19.1%	23.2%	10.0%	12.2%	12.2%	14.5%	1.8%	5.0%	9.8%	12.2%	11.2%	13.1%	10.4%	7.8%	8.4%	9.9%	10.8%	16.6%	10.8%	10.7%	11.0%	11.7%	9.4%
Other income	6	5	4	8	12	8	7	7	7	7	9	8	8	6	8	7	8	4	9	15	6	6	8	6	19	32	10	5	13	11	10	7	16	11	9
Interest	11	12	13	7	18	14	16	16	17	16	16	16	17	14	17	16	17	18	19	15	15	16	18	17	17	16	17	16	19	17	16	15	16	18	18
Depreciation	11	11	12	12	11	11	12	12	13	16	16	14	13	13	16	16	16	17	17	18	17	18	18	19	19	19	19	19	21	20	20	20	20	22	22
Profit before tax	-4	-14	-5	1	2	51	24	19	23	21	33	57	57	62	13	21	30	44	-39	3	20	23	20	27	29	26	4	13	27	49	16	16	13	24	10
Tax	0	1	-8	0	1	18	9	7	8	8	11	20	20	22	2	7	13	16	-12	3	4	8	8	11	12	9	0	5	10	17	-4	4	-52	6	3
Net profit	0	0	0	0	0	0	0	12	16	14	21	37	36	40	11	14	17	28	-27	1	16	15	12	16	17	17	3	8	17	32	20	11	65	18	7
EPS ₹	-1.69	-5.74	1.17	0.30	0.62	12.44	5.52	4.66	5.81	5.17	7.99	14.03	13.64	14.96	4.03	5.12	6.36	10.22	-9.86	0.19	5.68	5.34	4.29	5.80	6.29	6.21	1.19	2.84	6.15	11.73	7.31	4.13	23.72	6.57	2.70
Revenue YoY	—	—	—	—	4.6%	31.1%	0.5%	-7.7%	-6.7%	-32.1%	10.9%	10.2%	38.4%	57.1%	17.2%	11.7%	9.9%	44.5%	6.3%	12.8%	1.7%	-18.2%	7.3%	2.4%	-4.8%	-9.5%	-16.1%	-0.2%	15.0%	18.7%	10.0%	-3.9%	-2.5%	0.8%	9.7%
Profit YoY	—	—	—	—	—	—	—	—	—	—	—	201.0%	134.5%	189.4%	-48.1%	-62.4%	-52.0%	-29.6%	-345.0%	-96.2%	-10.7%	-47.7%	—	2909.4%	10.7%	16.1%	-72.2%	-51.0%	-2.1%	89.1%	513.1%	45.3%	285.7%	-44.0%	-63.2%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Mangalam Cement Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	570	622	496	631	706	697	922	842	1,014
Operating profit	138	200	63	103	131	56	90	44	122
Operating margin	24.3%	32.2%	12.8%	16.4%	18.5%	8.0%	9.8%	5.2%	12.1%
Other income	24	11	8	7	7	5	4	5	17
Interest	3	2	2	3	5	9	38	41	48
Depreciation	24	25	28	32	25	28	34	37	40
Profit before tax	132	184	41	75	108	24	19	-30	50
Tax	35	65	3	19	30	-6	1	-9	14
Net profit	97	119	38	56	77	30	18	-20	37

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	133	119	125	119	141	141	170	155	166	149	152	134	116	110	136	127	125	172	206	189	163	169	184	169	148	162	218	230	240	213	239	213	200	213	216	225	221	270	298	293	237	292
Operating profit	40	35	36	32	32	31	43	57	60	45	38	31	4	3	26	24	8	40	32	41	37	32	21	26	7	-6	29	38	23	9	20	-2	1	10	35	48	24	22	29	40	27	8
Operating margin	29.8%	29.0%	28.8%	27.2%	22.9%	22.1%	25.1%	36.7%	36.2%	30.4%	24.9%	23.2%	3.3%	2.6%	18.8%	18.9%	6.6%	23.0%	15.3%	21.7%	22.5%	19.0%	11.2%	15.2%	4.9%	-3.7%	13.2%	16.3%	9.7%	4.4%	8.4%	-1.0%	0.4%	4.8%	16.1%	21.4%	10.7%	8.0%	9.8%	13.8%	11.5%	2.8%
Other income	1	2	1	1	7	1	15	2	2	3	4	2	2	2	2	1	1	2	2	3	3	1	1	1	1	1	3	1	1	1	1	1	1	1	2	1	4	3	9	3	3	11
Interest	0	1	1	1	1	1	1	1	1	0	0	0	0	1	1	1	1	1	1	1	1	1	2	1	1	2	5	7	10	11	11	11	11	10	10	11	10	12	15	13	12	12
Depreciation	4	5	6	5	7	6	6	6	6	6	6	6	7	7	7	8	8	8	8	6	6	6	7	6	6	7	9	7	9	9	9	9	9	9	10	9	10	11	10	11	11	11
Profit before tax	37	30	30	27	29	26	50	52	55	42	35	26	-1	-3	20	17	0	33	25	37	33	26	12	19	1	-14	18	21	5	-9	2	-21	-18	-8	17	29	7	2	13	20	7	-4
Tax	9	5	-4	8	7	9	12	18	20	15	12	6	-2	-1	0	6	-1	7	7	10	4	12	4	0	-2	-15	10	8	1	-7	-1	-2	-3	-8	3	7	2	-4	9	8	6	-6
Net profit	28	26	34	19	22	17	39	34	35	27	23	20	1	-3	19	11	1	26	18	26	28	14	9	19	3	0	8	13	5	-2	3	-19	-16	-0	14	23	5	6	3	12	1	3
EPS ₹	9.85	9.11	12.08	6.79	7.90	6.05	13.67	12.48	13.27	10.04	8.59	7.66	0.32	-0.95	7.30	4.19	0.25	9.78	6.75	9.84	10.62	5.22	3.30	7.06	0.96	0.18	2.89	4.85	1.74	-0.90	1.02	-7.06	-5.82	-0.07	5.28	8.73	1.18	2.19	1.30	4.54	0.40	1.01
Revenue YoY	—	—	—	—	5.5%	18.3%	35.9%	30.5%	17.7%	5.9%	-10.4%	-13.8%	-30.2%	-26.1%	-10.4%	-4.8%	7.6%	56.1%	51.6%	48.7%	30.9%	-1.8%	-10.8%	-10.6%	-9.3%	-4.5%	18.5%	36.0%	61.9%	32.0%	9.3%	-7.3%	-16.4%	-0.4%	-9.7%	5.5%	10.3%	27.0%	38.3%	30.2%	7.5%	8.2%
Profit YoY	—	—	—	—	-19.8%	-33.6%	13.0%	75.7%	58.9%	56.5%	-40.7%	-39.4%	-97.6%	-109.5%	-14.9%	-45.4%	-20.9%	—	-7.4%	135.2%	4070.6%	-46.7%	-51.1%	-28.3%	-90.9%	-96.6%	-11.3%	-31.2%	80.2%	-610.6%	-65.2%	-245.4%	-434.0%	—	418.4%	—	—	—	-75.3%	-46.4%	-77.3%	-53.8%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 32 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	4.4%	2.6%	2.3%	0.5%	5.5%	7.5%	7.4%	7.6%	6.5%	5.5%	5.3%	7.1%	8.6%	9.0%	13.2%	11.7%	10.2%
ROCE	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	9.4%	8.0%	6.9%	5.2%	9.3%	11.2%	11.8%	12.1%	10.5%	9.5%	9.5%	11.1%	10.7%	10.8%	8.6%	7.3%	6.6%
Net margin	0.0%	0.0%	0.0%	0.0%	1.0%	2.3%	3.7%	5.5%	7.4%	8.4%	9.5%	8.4%	6.7%	5.3%	4.1%	1.9%	1.1%	1.0%	0.2%	2.5%	3.3%	3.5%	3.7%	3.3%	2.8%	2.7%	3.4%	4.3%	4.6%	7.3%	6.5%	5.7%
EBITDA margin	3.8%	4.4%	9.1%	11.3%	13.8%	16.2%	15.9%	16.4%	19.1%	19.9%	20.6%	18.7%	16.1%	14.2%	12.4%	10.5%	8.8%	8.2%	7.3%	9.6%	11.6%	11.7%	10.7%	10.1%	9.2%	9.4%	11.6%	12.1%	12.3%	12.3%	11.1%	10.7%
Debt / equity	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.80	0.80	0.81	0.81	0.79	0.79	0.74	0.74	0.76	0.76	0.72	0.72	0.79	0.79	0.89	0.89	0.96
Interest coverage	0.48	0.69	1.93	2.40	2.49	2.85	2.33	2.48	3.08	3.60	4.37	4.00	3.41	2.99	2.61	1.81	1.55	1.42	1.11	2.05	2.38	2.47	2.50	2.26	2.07	2.01	2.33	2.56	2.62	2.47	2.04	1.92
Asset turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.89	0.91	0.91	0.86	0.83	0.83	0.83	0.82	0.78	0.78	0.78	0.81	0.76	0.75	0.73	0.73	0.70

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	28	28	28	28	28	28	28	28	28
Other equity / reserves	712	729	751	784	800	824	873	950	972
Total equity	740	756	779	812	828	852	900	977	999
Borrowings	591	612	614	599	633	615	714	870	960
Current liabilities	751	779	860	824	823	898	982	991	1,137
Non-current liabilities	474	455	456	433	416	417	468	457	446
Total assets	1,965	1,990	2,095	2,068	2,068	2,166	2,350	2,425	2,583
Property, plant & equipment	1,088	1,133	1,146	1,127	1,129	1,139	1,109	1,250	1,217
Capital work-in-progress	34	17	28	43	11	5	110	54	124
Investments	129	78	81	84	98	91	76	76	52
Inventories	282	257	309	308	318	275	365	319	316
Receivables	39	37	42	34	34	40	37	37	30
Cash & equivalents	31	51	17	36	25	29	6	8	52

Cash flow

annual · ₹ crore · line = free cash flow

	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
Dividends paid	4	4	4	4	4

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,217 cr47%

CWIP

₹124 cr5%

Investments

₹52 cr2%

Inventories

₹316 cr12%

Receivables

₹30 cr1%

Cash & equivalents

₹52 cr2%

Other assets

₹791 cr31%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Mangalam Cement Limited	2,511	913.25	24.6	2.51	10.2%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-6.0%

6 months-1.3%

1 year+17.6%

3Y CAGR+30.5%

5Y CAGR+14.5%

10Y CAGR+10.9%

50-day avg₹986.60

200-day avg₹901.92

RSI (14)35

FAQs

What is the share price of Mangalam Cement Limited?

Mangalam Cement Limited (MANGLMCEM) closed at ₹913.25 on NSE on 06 Nov 2026.

What is the market cap of Mangalam Cement Limited?

₹2,511 crore at the latest close.

What is the P/E ratio of Mangalam Cement Limited?

24.6, on trailing-twelve-month earnings from its filings.

How fast is Mangalam Cement Limited growing?

Mangalam Cement Limited: revenue has compounded at -0.8% a year over three years; net profit at 96.0% a year. Latest-quarter revenue is up 9.7% year on year, profit down 63.2%.

How profitable is Mangalam Cement Limited?

On a trailing-twelve-month basis return on equity is 10.2%, return on capital employed 6.6%, operating margin 10.7%, net margin 5.7%.

How much debt does Mangalam Cement Limited have?

Mangalam Cement Limited is moderately geared: debt to equity is 0.96 with borrowings of ₹960 cr against cash of ₹52 cr (balance sheet of 2026-09-30). Operating profit covers interest 1.9 times.

Financials parsed from Mangalam Cement Limited's own XBRL filings to NSE (standalone), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.