Mangalam Organics Limited
NSE: MANORGCommodity Chemicals
Share price
₹430.70
+0.81% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
61
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹388 Cr
P/E ratio
16.5
P/B ratio
1.2
ROCE
9.9%
ROE
8.5%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 17.3% over the past year, and 10.9% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 13.1% to 13.7% over the last four years.
Whether it grew faster than its sector
It grew 10.9% a year against a sector median of 10.2% — 0.7 percentage points faster.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 0.4 times its growth rate, on earnings growth of 43%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Mangalam Organics Limited — this one | 43%/yr | 16.5× | ₹0.38 |
| Deepak Fertilizers and Petrochemicals Corporation Limited | -16%/yr | 17.9× | — |
| Tata Chemicals Limited | -51%/yr | — | — |
| Gujarat Narmada Valley Fertilizers and Chemicals Limited | -18%/yr | 8.4× | — |
| Gujarat Alkalies and Chemicals Limited | — | 67.0× | — |
| Grauer & Weil India Limited | 11%/yr | 22.8× | ₹2.1 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Commodity Chemicals), it ranks 18 of 30 on returns, 11 of 27 on growth, 13 of 30 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 9.9% on capital, ahead of 40% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years it made ₹59 crore of cash from the business but spent ₹308 crore on plant and equipment, ₹249 crore more than it made; the gap was from lenders and shareholders. And the profit is real: of every 100 rupees it reported over 7 years, about 88 arrived as cash. Its cash comes back faster than it used to: it went from being waiting 109 days for its cash to waiting 27 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
7 of 9 checks clear · 78%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 28 Jul 2026 · Consolidated
Revenue
₹179 Cr
Revenue vs last year
+22.2%
Revenue vs last quarter
+16.6%
Net profit
₹7 Cr
Profit vs last year
-40.6%
Profit vs last quarter
+21.6%
Net margin
4.1%
EPS
₹8.49
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹388 Cr
- Prev close
- ₹430.70
- 52w High
- ₹635
- 52w Low
- ₹356
- Enterprise value
- ₹744 Cr
- Beta
- 0.6
- Price CAGR 1y
- -17.0%
- Price CAGR 3y
- 6.0%
- Price CAGR 5y
- -9.0%
- Price CAGR 10y
- 24.0%
Ratios
- Return on assets
- 3.5%
- PEG ratio
- 0.4
- P/E ratio
- 16.5
- P/B ratio
- 1.2
- EV / EBITDA
- 8.4
- Industry P/E
- 19.1
- ROCE
- 9.9%
- ROCE 5y average
- 7.4%
- ROE
- 8.5%
- Debt / Equity
- 1.1
- Interest coverage
- 2.2
- Dividend yield
- 0.0%
- ROE 3y average
- 5.0%
- ROE last year
- 8.0%
Annual P&L
- Annual revenue
- ₹608 Cr
- Annual profit
- ₹26 Cr
- Operating margin
- 14.0%
- Net profit margin
- 4.3%
- EBITDA margin
- 14.5%
- Sales growth 3y
- 7.2%
- Sales growth 5y
- 12.5%
- Profit growth 3y
- 43.0%
- Profit growth 5y
- -21.0%
- EPS
- ₹30.1
- Sales growth TTM
- 17.0%
- Profit growth TTM
- 1.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹179 Cr
- Profit latest quarter
- ₹7 Cr
- YoY quarterly sales growth
- 22.2%
- YoY quarterly profit growth
- -40.6%
- OPM latest quarter
- 12.4%
Balance Sheet
- Book Value
- ₹354
- Face Value
- ₹10.0
- Total debt
- ₹359 Cr
- Total cash
- ₹3 Cr
- Borrowings
- ₹359 Cr
- Reserves / Equity
- 34.4
Cash Flow
- Operating cash flow
- ₹1 Cr
- Free cash flow
- -₹59 Cr
- FCF yield
- -22.5%
- Net cash flow
- ₹1 Cr
Shareholding
- Promoter holding
- 58.6%
- FII holding
- 0.0%
- DII holding
- 2.2%
- Public holding
- 39.1%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| SRF | 2,450.50 | 32.4 | 72,639 | 0.37 | 758.9 | 75.5 | 5,033.3 | 31.8 | 14.6 |
| Deepak Fertilis. | 1,387.70 | 17.8 | 17,518 | 0.72 | 490.0 | 101.5 | 3,256.3 | 22.5 | 11.4 |
| Tata Chemicals | 608.10 | 15,492 | 1.80 | 60.0 | -106.8 | 4,255.0 | 14.4 | 3.4 | |
| G N F C | 606.60 | 8.6 | 8,913 | 3.46 | 312.0 | 275.9 | 2,238.0 | 39.8 | 12.0 |
| Tanfac Inds. | 3,075.95 | 98.4 | 6,654 | 0.14 | 16.9 | -12.9 | 187.2 | 6.3 | 23.9 |
| Gujarat Alkalies | 609.55 | 67.5 | 4,477 | 2.91 | 55.0 | 499.0 | 1,244.9 | 12.7 | 1.4 |
| GHCL | 394.00 | 8.0 | 3,630 | 3.04 | 115.6 | -23.1 | 790.5 | 1.2 | 17.4 |
| Mangalam Organic | 438.00 | 16.0 | 375 | 0.00 | 7.3 | -40.6 | 179.1 | 22.2 | 9.9 |
| Median | 193.25 | 20.0 | 724 | 0.28 | 7.3 | 59.0 | 106.4 | 14.4 | 10.3 |
Competes with: Deepak Fertilizers and Petrochemicals Corporation Limited, GHCL Limited, Grauer & Weil India Limited, Gujarat Alkalies and Chemicals Limited, Gujarat Narmada Valley Fertilizers and Chemicals Limited, SRF Limited, Tata Chemicals Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 109 | 169 | 111 | 105 | 118 | 138 | 124 | 150 | 147 | 158 | 164 | 154 | 179 |
| Expenses | 100 | 159 | 101 | 95 | 107 | 126 | 108 | 130 | 125 | 158 | 145 | 107 | 157 |
| Material Cost | 59 | 82 | 100 | 86 | 99 | 123 | |||||||
| Change in Inventories | 5.50 | -2.76 | -1.03 | 8.40 | -50 | -20 | |||||||
| Purchases of Stock-in-Trade | 6.11 | 0.13 | 3.95 | 0.05 | 3.75 | 0.05 | |||||||
| Employee Cost | 11 | 11 | 12 | 13 | 14 | 14 | |||||||
| Other Expenses | 49 | 35 | 43 | 38 | 41 | 40 | |||||||
| Operating Profit | 8.85 | 9.61 | 9.99 | 10 | 11 | 12 | 16 | 20 | 22 | 0.28 | 19 | 47 | 22 |
| OPM % | 8.13 | 5.69 | 9.03 | 9.71 | 9.21 | 8.92 | 13 | 13 | 15 | 0.18 | 12 | 30 | 12 |
| Other Income | 0.42 | 0.07 | 0.04 | 0.25 | 0.21 | 0.11 | 0.01 | 0.01 | 4.04 | 17 | 0 | -20 | 0.08 |
| Exceptional items (within Other Income) | 0 | 0 | -3.51 | 0 | 0 | 0 | |||||||
| Interest | 4.30 | 3.81 | 3.82 | 3.69 | 3.94 | 4.16 | 5.83 | 7.55 | 5.74 | 7 | 8.07 | 7.39 | 7.42 |
| Depreciation | 4.44 | 5.13 | 5.18 | 5.09 | 5.05 | 5.19 | 5.05 | 5.53 | 5.22 | 6.13 | 5.75 | 10 | 6.16 |
| Profit before tax | 0.53 | 0.74 | 1.03 | 1.68 | 2.09 | 3.10 | 4.84 | 6.59 | 15 | 4.18 | 5.48 | 8.96 | 8.70 |
| Tax % | 43 | 15 | 13 | -45 | 20 | 31 | 25 | 22 | 17 | 23 | 21 | 33 | 16 |
| Net Profit | 0.31 | 0.63 | 0.90 | 2.45 | 1.67 | 2.15 | 3.64 | 5.14 | 12 | 3.21 | 4.33 | 5.98 | 7.27 |
| EPS in Rs | 0.36 | 0.74 | 1.05 | 2.86 | 1.95 | 2.51 | 4.25 | 6 | 14 | 3.75 | 5.06 | 6.98 | 8.49 |
| Diluted EPS in Rs | 5.92 | 14 | 3.73 | 5.07 | 6.56 | 8.49 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 375 | 338 | 491 | 493 | 494 | 514 | 608 | 655 |
| Expenses | 288 | 210 | 400 | 495 | 455 | 455 | 520 | 567 |
| Material Cost | 312 | 365 | ||||||
| Change in Inventories | -46 | -45 | ||||||
| Purchases of Stock-in-Trade | 6.86 | 7.87 | ||||||
| Employee Cost | 42 | 50 | ||||||
| Other Expenses | 156 | 157 | ||||||
| Operating Profit | 86 | 128 | 91 | -3 | 39 | 59 | 88 | 88 |
| OPM % | 23 | 38 | 19 | -0.60 | 8 | 11 | 14 | 14 |
| Other Income | -9 | 1 | 1 | 0 | 1 | 0 | 1 | -3 |
| Exceptional items (within Other Income) | 0 | -3.51 | ||||||
| Interest | 5 | 1 | 4 | 14 | 16 | 21 | 28 | 30 |
| Depreciation | 9 | 14 | 15 | 18 | 20 | 21 | 28 | 29 |
| Profit before tax | 63 | 114 | 73 | -34 | 3.99 | 17 | 33 | 27 |
| Tax % | 24 | 26 | 27 | -19 | -8 | 24 | 23 | |
| Net Profit | 48 | 85 | 54 | -27 | 4.29 | 13 | 26 | 21 |
| EPS in Rs | 56 | 99 | 63 | -32 | 5.15 | 15 | 30 | 24 |
| Diluted EPS in Rs | 15 | 30 | ||||||
| Dividend Payout % | 2 | 2 | 2 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- 12%
- 3 years
- 7%
- TTM
- 17%
Compounded profit growth
- 10 years
- —
- 5 years
- -21%
- 3 years
- 43%
- TTM
- 1%
Stock price CAGR
- 10 years
- 24%
- 5 years
- -9%
- 3 years
- 6%
- 1 year
- -17%
Return on equity
- 10 years
- —
- 5 years
- 5%
- 3 years
- 5%
- Last year
- 8%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 8.56 | 8.56 | 8.56 |
| Reserves | 159 | 243 | 296 | 267 | 272 | 285 | 310 |
| Borrowings | 20 | 24 | 212 | 190 | 173 | 272 | 359 |
| Other Liabilities | 27 | 35 | 44 | 40 | 31 | 58 | 62 |
| Minority Interest | 0 | ||||||
| Total Liabilities | 215 | 311 | 560 | 506 | 485 | 624 | 740 |
| Fixed Assets | 102 | 121 | 198 | 227 | 244 | 269 | 328 |
| CWIP | 3 | 0 | 8 | 1 | 5 | 26 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 110 | 191 | 354 | 277 | 236 | 328 | 411 |
| Total Assets | 215 | 311 | 560 | 506 | 485 | 624 | 740 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 93 | 26 | -84 | 77 | 73 | -7.84 | 0.92 |
| Cash from Investing Activity | -59 | -28 | -100 | -41 | -40 | -67 | -60 |
| Cash from Financing Activity | -36 | 2 | 183 | -36 | -33 | 74 | 60 |
| Net Cash Flow | -2 | 0 | -1 | 1 | 1 | -1 | 1 |
| Free Cash Flow | 34 | -3 | -184 | 36 | 33 | -75 | -59 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 31 | 37 | 33 | 35 | 41 | 49 | 35 |
| Inventory Days | 113 | 314 | 321 | 201 | 164 | 285 | 334 |
| Days Payable | 20 | 71 | 43 | 35 | 28 | 63 | 51 |
| Cash Conversion Cycle | 124 | 280 | 311 | 202 | 177 | 271 | 318 |
| Working Capital Days | 72 | 110 | 109 | 56 | 31 | 18 | 27 |
| ROCE % | 50 | 20 | -4 | 4 | 7 | 10 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
356inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
109cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.56cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about Mangalam Organics Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- Alpha-pinene
- Gum turpentine oil (alpha-pinene feedstock)
- Rosin / pine chemical feedstock
Sells to
- Amazon · CamPure camphor-based homecare products
- Avenue Supermarts Limited · CamPure camphor-based homecare products (camphor cones, air purifiers, camphor sticks)
- Canteen Stores Department (CSD) · CamPure camphor-based homecare products
- Flipkart · CamPure camphor-based homecare products
- Reliance Retail · CamPure camphor-based homecare products
- Shoppers Stop Limited · CamPure / Mangalam camphor-based retail products
- Spencer's Retail Limited · CamPure camphor-based homecare products
Buys from
- MITCON Consultancy & Engineering Services Limited · environmental/engineering consultancy and analytical services
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Chemicals
- Industry
- Commodity Chemicals
- Classification
- Chemicals › Commodity Chemicals
- ISIN
- INE370D01013
Plants
- Mangalam Organics Kumbhivali plant
News impact
Big market events that reach Mangalam Organics Limited, and how the effect spreads.
No recent market events reach this company.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 20 Sep 2022 | unspecified | ₹1.5 |
|---|
Splits, bonuses & buybacks
- daily-prices repair: 7 rows from NSE's archive (replace 2, delete 0, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023
- bse-history fill: 1437 BSE bars before cutoff, code 514418, seam residual 1.00031× · 2 Nov 2021
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 5 Jun 2026 | RATIONAL EQUITY FLAGSHIP FUND I | SELL | 44,482 | ₹453.00 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-2629 Aug 2026
- Annual report · 2024-2525 Aug 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.