Mangalam Alloys

Why is Mangalam Alloys Ltd falling/rising?

As of 18-Jul, Mangalam Alloys Ltd's stock price is at 32.20, reflecting a 2.28% decline. The stock has significantly underperformed the Sensex, with a year-to-date drop of 32.14% and a one-year decline of 58.69%, indicating a sustained downward trend and reduced investor interest.

As of 18-Jul, Mangalam Alloys Ltd's stock price is falling, currently at 32.20, which reflects a decrease of 0.75 or 2.28%. The stock has underperformed compared to the benchmark Sensex, which has seen a positive return of 0.53% over the past week, while Mangalam Alloys has declined by 0.62%. Over the past month, the stock has dropped by 4.17%, contrasting with a 1.03% increase in the Sensex.<BR><BR>Year-to-date, Mangalam Alloys has experienced a significant decline of 32.14%, while the Sensex has only fallen by 6.87%. The one-year performance is even more concerning, with the stock down 58.69% compared to a mere 3.09% decline in the Sensex. <BR><BR>Additionally, the stock is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a sustained downward trend. Investor participation has also decreased, with a notable drop in delivery volume by 95.5% against the 5-day average, suggesting reduced interest in the stock. Overall, these factors contribute to the ongoing decline in Mangalam Alloys Ltd's stock price.

Which are the latest news on Mangalam Alloys?

What does Mangalam Alloys do?

Mangalam Alloys Ltd operates a stainless steel melting unit in the Iron & Steel Products industry, with a market cap of INR 75 Cr. For September 2024, it reported net sales of 198 Cr and a net profit of 1 Cr.

Overview: <BR>Mangalam Alloys Ltd operates a stainless steel melting unit within the Iron & Steel Products industry and is categorized as a Micro Cap company.<BR><BR>History: <BR>Mangalam Alloys Limited was incorporated by promoters Mr. Uttamchand Chandanmal Mehta and Mr. Maheshchand Jain. The company aims to grow its business through the operation of its stainless steel melting unit. The latest quarterly results reported net sales and net profit for September 2024.<BR><BR>Financial Snapshot: <BR>Net Sales: 198 Cr (Quarterly Results - Sep 2024) <BR>Net Profit: 1 Cr (Quarterly Results - Sep 2024) <BR>Market Cap: INR 75 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 5.00 <BR>Industry P/E: 26 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 1.85 <BR>Return on Equity: 9.30% <BR>Price to Book: 0.48 <BR><BR>Contact Details: <BR>Details: No Company Details Available <BR>Registrar Address: Not available.

How big is Mangalam Alloys?

As of 10th June, Mangalam Alloys Ltd has a market capitalization of 75.00 Cr, with recent net sales of 197.59 Cr and a net profit of 0.94 Cr for the quarter ending September 2024.

As of 10th June, Mangalam Alloys Ltd has a market capitalization of 75.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest quarter ending September 2024, Mangalam Alloys reported Net Sales of 197.59 Cr and a Net Profit of 0.94 Cr.<BR><BR>The latest annual period for the balance sheet is March 2022, with Shareholder's Funds amounting to 64.60 Cr and Total Assets valued at 321.85 Cr.

Who are the peers of the Mangalam Alloys?

Peers of Mangalam Alloys include Zenith Steel, Hisar Met. Inds., and Prakash Steelage, among others. Mangalam Alloys shows average management risk, below-average growth, and the lowest 1-year return at -47.04% compared to its peers.

Peers: The peers of Mangalam Alloys are Zenith Steel, Hisar Met.Inds., Prakash Steelage, Shri Hare-Krish., Excellent Wires, Garg Furnace, Rajas. Tube Mfg, Alliance Integ., and Tulsyan NEC.<BR><BR>Quality Snapshot: Excellent management risk is observed at Garg Furnace and Prakash Steelage, while Good management risk is found at Excellent Wires. Average management risk is found at Hisar Met.Inds., Mangalam Alloys, and Rajas. Tube Mfg, while Below Average management risk is noted at Shri Hare-Krish., Alliance Integ., and Tulsyan NEC, and the rest. Growth is Good at Excellent Wires, while Below Average growth is seen at Hisar Met.Inds., Prakash Steelage, Mangalam Alloys, Rajas. Tube Mfg., and the rest. Capital Structure is Excellent at Shri Hare-Krish., while Good capital structure is noted at Garg Furnace and Excellent Wires, and Below Average capital structure is found at Hisar Met.Inds., Prakash Steelage, Mangalam Alloys, Rajas. Tube Mfg., Alliance Integ., and Tulsyan NEC, and the rest.<BR><BR>Return Snapshot: Excellent Wires has the highest 1-year return at 254.65%, while Mangalam Alloys has the lowest at -47.04%, indicating a significantly poorer performance compared to its peers. Additionally, the six-month return is negative for Zenith Steel, Hisar Met.Inds., Prakash Steelage, Mangalam Alloys, Shri Hare-Krish., and the rest.

How has been the historical performance of Mangalam Alloys?

Mangalam Alloys has shown mixed historical performance, with net sales increasing slightly to 310.65 Cr in FY 2022 and significant improvements in operating profit, but it still reported a marginal profit before tax of 1.03 Cr and a slight negative profit after tax of -0.02 Cr. Overall, while sales and profitability metrics improved, the company struggled to achieve a positive net profit.

Answer:<BR>The historical performance of Mangalam Alloys shows a mixed trend over the past two years, with some improvements in key metrics.<BR><BR>Breakdown:<BR>In the fiscal year ending March 2022, Mangalam Alloys reported net sales of 310.65 Cr, a slight increase from 301.03 Cr in March 2021. The total operating income mirrored this trend, remaining at 310.65 Cr in March 2022 compared to 301.03 Cr the previous year. The raw material cost decreased from 216.84 Cr to 205.65 Cr, while employee costs also saw a reduction from 21.63 Cr to 19.41 Cr. Consequently, the total expenditure (excluding depreciation) fell from 288.75 Cr to 286.57 Cr. Operating profit (PBDIT) significantly improved, rising to 24.71 Cr from 13.21 Cr, leading to a gross profit of 10.17 Cr, a recovery from a loss of 0.61 Cr in the prior year. Despite these gains, profit before tax was marginal at 1.03 Cr, up from a loss of 9.16 Cr, and profit after tax was slightly negative at -0.02 Cr, improving from -6.81 Cr. The earnings per share (EPS) turned positive at 0.84, compared to -3.67 in the previous year. On the balance sheet, total liabilities decreased from 337.22 Cr to 321.85 Cr, while total assets also declined from 337.22 Cr to 321.85 Cr. The book value per share increased to 34.81 from 33.97. Overall, while Mangalam Alloys showed improvements in sales and profitability metrics, it still faced challenges in achieving a positive net profit.

Who are the top shareholders of the Mangalam Alloys?

The top shareholder of Mangalam Alloys is Tushar Uttamchand Mehta, with a 25.32% stake. The company is mainly owned by promoters, with Aeml as the largest public shareholder at 5.57%, and individual investors holding 30.22% of the shares.

The top shareholders of Mangalam Alloys include Tushar Uttamchand Mehta, who holds the largest stake at 25.32%. The company is primarily owned by its promoters, with no pledged promoter holdings reported. Additionally, the highest public shareholder is Aeml, which holds 5.57%. Individual investors collectively own 30.22% of the shares. Notably, there are no mutual funds or foreign institutional investors holding shares in the company.

Is Mangalam Alloys overvalued or undervalued?

As of November 18, 2024, Mangalam Alloys is considered a very attractive investment with a PE ratio of 9.19, strong performance metrics, and a year-to-date return of 22.72%, significantly outperforming its peers and the Sensex.

As of 18 November 2024, Mangalam Alloys has moved from a fair to very attractive valuation grade. The company is currently undervalued, with a PE ratio of 9.19, an EV to EBIT of 5.93, and an EV to EBITDA of 5.08. In comparison to its peers, JSW Steel Ltd. has a significantly higher PE ratio of 64.98, while Tata Steel Ltd. stands at 51.92, indicating that Mangalam Alloys is trading at a much lower valuation despite its strong performance metrics.<BR><BR>Notably, Mangalam Alloys boasts a ROCE of 16.16% and a PEG ratio of 0.56, suggesting that it is generating good returns on capital relative to its growth expectations. The company's recent stock performance has outpaced the Sensex, with a year-to-date return of 22.72% compared to the Sensex's 6.24%. This reinforces the notion that Mangalam Alloys presents a compelling investment opportunity at its current price of 49.70.

What is the technical trend for Mangalam Alloys?

As of June 5, 2025, Mangalam Alloys shows a mildly bullish trend supported by positive MACD and Bollinger Bands signals, despite some short-term weakness indicated by a bearish RSI and moving averages.

As of 5 June 2025, the technical trend for Mangalam Alloys has changed from sideways to mildly bullish. The weekly MACD indicates a mildly bullish stance, supported by the Bollinger Bands which are bullish on both weekly and monthly time frames. The Dow Theory also reflects a mildly bullish outlook on the weekly and monthly charts. However, the weekly RSI is bearish, and the daily moving averages are mildly bearish, which suggests some short-term weakness. Overall, the current technical stance is mildly bullish, driven primarily by the positive signals from the MACD, Bollinger Bands, and Dow Theory, despite some bearish indicators in the RSI and moving averages.

When is the next results date for Mangalam Alloys?

No Upcoming Board Meetings

Has Mangalam Alloys declared dividend?

No Dividend History Available