Mangalam Worldwide Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,128 Cr
- P/E
- 20.46
- ROE
- 18.03%
- PEG
- 0.39
- Price to sales
- 0.88
- Debt to equity
- 1.16
- 52W high / low
- ₹381 / ₹35.7
- Sales growth (5Y)
- 31.89%
- EBITDA margin
- 9.49%
- Net profit margin
- 4.15%
- Promoter holding
- 66.50%
- Sales (last year)
- ₹1,292 Cr
Incorporated in 1995, Mangalam Worldwide Ltd manufactures and trades steel products and other merchandise. It also provides consultancy service[1]
Guidance scorecard · Q2 FY27 call
What Mangalam Worldwide Ltd's management guided
and where it ranks in Metals & Minerals Trading
RevenueQ2 FY24 call
20–40%- The company expects robust demand outlook for the rest of FY2024 backed by strong H1 performance.
- Topline growth is expected to continue with a focus on increasing sales volume.
- Growth will be driven by expansion in value-added products like seamless pipes, tubes, bright bars, instrumentation tubing, and heat exchanger tubes.
- Export contribution is targeted to rise significantly in H2 FY2024, especially in Europe, South America, and Asia Pacific regions.
- The company plans to maintain or improve EBITDA margins through operational efficiencies and higher realization from value-added products.
- Capacity utilization is projected to increase, particularly at Changodar and Kapadvanj units.
2 more points from Mangalam Worldwide Ltd's call on revenue
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MarginsQ2 FY24 call
Up 2%+See what Mangalam Worldwide Ltd said on margins — free account, 30 seconds.
CapexQ2 FY24 call
Planned- Current year (FY2024) capex planned at Rs.15 Crores focused on adding more finishing facilities for value-added products such as bright bars, instrumentation tubing, heat exchanger tubing, and U tubes.
- This Rs.15 Crores capex is expected to be incurred in the second half of the fiscal year.
- No further capex plans for FY2025; focus will be on increasing efficiency and margins in the existing setup.
- Rs.115 Crores capex mentioned is already sanctioned by bankers and has a margin in place, indicating planned funding is secured.
2 more points from Mangalam Worldwide Ltd's call on capex
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FundraisingQ2 FY24 call
PlannedSee what Mangalam Worldwide Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY24 call
Rising- Mangalam Worldwide Limited currently has a strong order book, indicating robust demand for their products.
- The company recently entered the export market in 2022 and is working towards expanding its presence in Europe, South America, and Asia Pacific regions.
- They expect to maintain a healthy order pipeline as they continue to grow both domestically and internationally.
2 more points from Mangalam Worldwide Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Metals & Minerals Trading
on management's own guidance
- Nupur RecyclersGood growth2
- SG MartGood growth1
- Adani Enterp.Moderate growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Metals & Minerals Trading companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | SG Mart | 20–40% | Up 0–2% | ₹10,124 Cr | 81.4 |
| 2 | Nupur Recyclers | 20–40% | Flat | ₹1,167 Cr | 68.0 |
| 3 | Adani Enterp. | 10–20% | — | ₹3.64L Cr | 153.5 |
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Pro shows every company guiding 40%+ revenue growth →Full Metals & Minerals Trading rankingFinancials of Mangalam Worldwide Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Mangalam Worldwide Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 63.97% | 66.05% | 63.54% | 63.54% | 67.41% | 67.41% | 66.50% | 66.50% | 66.50% | 66.50% | 66.50% | 66.50% |
| FIIs + | 0.06% | 0.06% | 0.06% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.26% | 0.05% |
| DIIs + | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.36% | 0.00% | 0.00% | 0.00% |
| Public + | 35.96% | 33.89% | 36.40% | 36.44% | 32.59% | 32.59% | 33.50% | 33.50% | 33.14% | 33.49% | 33.24% | 33.46% |
| No. of Shareholders | 1,030 | 1,230 | 1,330 | 1,261 | 1,145 | 1,127 | 1,096 | 1,185 | 1,754 | 1,683 | 2,824 | 10,116 |
Financials of Mangalam Worldwide Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 199 | 181 | 237 | 229 | 238 | 270 | 324 | 276 | 317 | 350 | 265 | 316 | 360 |
| Expenses + | 190 | 170 | 225 | 217 | 225 | 255 | 309 | 260 | 296 | 324 | 237 | 287 | 321 |
| Operating Profit | 9 | 11 | 12 | 12 | 13 | 15 | 15 | 16 | 21 | 26 | 28 | 29 | 40 |
| OPM % | 4.5% | 6% | 4.9% | 5% | 5% | 6% | 4.7% | 6% | 7% | 7% | 10% | 9% | 11% |
| Other Income + | 1 | 0 | 2 | 1 | 2 | 2 | 2 | 4 | 1 | 0 | 2 | 1 | 1 |
| Interest | 4 | 4 | 4 | 5 | 5 | 7 | 7 | 7 | 9 | 10 | 10 | 14 | 18 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 5 |
| Profit before tax | 4 | 5 | 7 | 6 | 7 | 8 | 8 | 10 | 10 | 14 | 16 | 13 | 18 |
| Tax % | 49% | -16% | -58% | 5% | -2% | -1% | -2% | -3% | -2% | 1% | 6% | 6% | 22% |
| Net Profit + | 2 | 6 | 12 | 6 | 7 | 8 | 8 | 10 | 11 | 14 | 15 | 12 | 14 |
| EPS in Rs | 0.09 | 0.25 | 0.41 | 0.23 | 0.27 | 0.27 | 0.29 | 0.34 | 0.35 | 0.47 | 0.52 | 0.40 | 0.46 |
Financials of Mangalam Worldwide Ltd
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales + | 302 | 522 | 644 | 818 | 1,060 | 1,207 | 1,292 |
| Expenses + | 297 | 510 | 625 | 779 | 1,005 | 1,116 | 1,169 |
| Operating Profit | 6 | 12 | 19 | 38 | 55 | 91 | 123 |
| OPM % | 1.9% | 2.2% | 3.0% | 4.7% | 5% | 8% | 9% |
| Other Income + | 0 | 10 | 6 | 4 | 7 | 7 | 3 |
| Interest | 2 | 2 | 4 | 15 | 24 | 37 | 52 |
| Depreciation | 0 | 1 | 5 | 7 | 9 | 10 | 13 |
| Profit before tax | 4 | 19 | 16 | 20 | 30 | 51 | 61 |
| Tax % | 26% | 33% | -12% | -12% | -0% | 1% | |
| Net Profit + | 3 | 12 | 18 | 23 | 30 | 50 | 55 |
| EPS in Rs | 1.76 | 0.69 | 0.70 | 0.84 | 0.99 | 1.69 | 1.85 |
| Dividend Payout % | 0% | 15% | 14% | 12% | 2% | 2% |
Financials of Mangalam Worldwide Ltd
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.20 | 18 | 24 | 26 | 30 | 30 | 30 |
| Reserves | 13 | 27 | 111 | 154 | 226 | 270 | 302 |
| Borrowings + | 17 | 47 | 85 | 103 | 192 | 236 | 385 |
| Other Liabilities + | 17 | 30 | 39 | 131 | 189 | 393 | 505 |
| Total Liabilities | 47 | 123 | 259 | 414 | 636 | 929 | 1,223 |
| Fixed Assets + | 2 | 51 | 92 | 103 | 99 | 95 | 156 |
| CWIP | 0 | 0 | 0 | 2 | 0 | 16 | 6 |
| Investments | 5 | 4 | 3 | 3 | 32 | 30 | 49 |
| Other Assets + | 40 | 68 | 164 | 306 | 506 | 788 | 1,011 |
| Total Assets | 47 | 123 | 259 | 414 | 636 | 929 | 1,223 |
Financials of Mangalam Worldwide Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 6 | 2 | -61 | -10 | -87 | 24 |
| Cash from Investing Activity + | -1 | -40 | -38 | -20 | -7 | -25 |
| Cash from Financing Activity + | -4 | 43 | 98 | 26 | 94 | 2 |
| Net Cash Flow | 1 | 4 | -1 | -4 | -0 | 1 |
| Free Cash Flow | 4 | -49 | -101 | -21 | -91 | -1 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 111% | 14% | -324% | -26% | -158% | 27% |
Financials of Mangalam Worldwide Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 12 | 11 | 30 | 44 | 58 | 49 |
| Inventory Days | 42 | 31 | 46 | 84 | 123 | 181 |
| Days Payable | 27 | 16 | 9 | 28 | 49 | 44 |
| Cash Conversion Cycle | 27 | 26 | 67 | 100 | 131 | 186 |
| Working Capital Days | 5 | -8 | 29 | 39 | 48 | 78 |
| ROCE % | 17% | 10% | 14% | 14% | 18% |
Momentum score · price trend
86 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +70.3% | 90% |
| Last 6 months | +45.6% | 88% |
| Last 3 months | +7.1% | 75% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Mangalam Worldwide Ltd: 0.4 × 90 + 0.4 × 88 + 0.2 × 75 = 86.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Mangalam Worldwide Ltd's management said in earlier quarters
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