Mangalam Cement Ltd Q1 FY23 Share Price & Earnings Call Analysis

Financials of Mangalam Cement Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Mangalam Cement Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +459421428439437381359438503452395421490
Expenses +414369380382392351329395449377352376436
Operating Profit45514857463030435475434554
OPM %10%12%11%13%10%8%8%10%11%17%11%11%11%
Other Income +668619321051311106-4
Interest15161817171617161917161516
Depreciation17181819191919192120202020
Profit before tax2023202729264132749161613
Tax %22%36%41%41%41%35%10%40%37%34%-22%27%-400%
Net Profit +161512161717381732201165
EPS in Rs5.685.344.295.806.286.201.192.846.1511.737.314.1323.72

Financials of Mangalam Cement Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +9228421,0451,0801,2001,2281,3051,5661,8021,7251,6811,758
Expenses +8317979279971,1421,0291,0601,3481,6541,5231,5201,542
Operating Profit90451188257200245218148203161217
OPM %10%5%11%8%5%16%19%14%8%12%10%12%
Other Income +0621282430252716385722
Interest384647475163696466686964
Depreciation343740444649636269747981
Profit before tax19-315019-1611713811928997094
Tax %6%-31%27%40%-39%35%32%35%38%40%36%-37%
Net Profit +18-213711-10769378176045129
EPS in Rs6.71-8.0413.724.26-3.6528.4335.0228.266.2321.7216.3946.90
Dividend Payout %30%-6%5%12%-14%4%4%5%24%7%9%0%

Financials of Mangalam Cement Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital272727272727282828282828
Reserves491447479488477549640715729784824950
Borrowings +382428391372518585632628621607627888
Other Liabilities +312291316333393432558558612649687559
Total Liabilities1,2121,1921,2131,2201,4141,5931,8581,9281,9902,0682,1662,425
Fixed Assets +7577448148318219159801,1411,1701,1651,1851,308
CWIP31714957321112101743554
Investments3620283633657110478849176
Other Assets +388358323348487591694673725776884987
Total Assets1,2121,1921,2131,2201,4141,5931,8581,9281,9902,0682,1662,425

Financials of Mangalam Cement Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +4875163868421623418913918218894
Cash from Investing Activity +-50-62-91-17-176-156-172-134-64-112-132-297
Cash from Financing Activity +-18-13-77-67833-41-73-89-86-63183
Net Cash Flow-20-0-52-96320-18-14-15-7-20
Free Cash Flow-4107668-175015665148473-224
CFO/OP49%167%140%111%147%114%102%98%103%94%125%46%

Financials of Mangalam Cement Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days111512121181198798
Inventory Days305202216210200421366270320492326427
Days Payable200194269270286463316235310377290271
Cash Conversion Cycle11623-40-47-75-3460431712345164
Working Capital Days21-21-42-43-25-37-56-54-67-77-91-91
ROCE %7%2%11%7%3%17%17%14%8%12%10%11%