Mangalam Cement Ltd (MANGLMCEM) AI Stock Analysis

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Mangalam Cement Ltd

(NSE:MANGLMCEM)

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Rating:57Neutral

Price Target:INR 944.00▲(0.07% Upside)

Action:reiterated

Date:08/21/26

The score is held back primarily by weak cash generation and a sharp free-cash-flow deterioration in 2026, alongside volatile multi-year operating performance. Technicals are moderately supportive with price above major moving averages, but mixed momentum signals limit conviction. Valuation appears reasonable but not compelling, and the low dividend yield provides little downside cushion.

Positive Factors

Profitability RecoveryThe recovery in margins and net income shows that Mangalam Cement has regained operating profitability after the weakness of 2023–2024. If maintained, improved earnings can strengthen internal funding capacity and support resilience through the next business cycle.

Negative Factors

Weak Free Cash FlowDeeply negative free cash flow reduces the company’s ability to fund investment and obligations from internally generated cash. The reversal also raises dependence on financing or balance-sheet resources, limiting flexibility if operating conditions remain challenging.

Mangalam Cement Ltd (MANGLMCEM) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 24.91B
Dividend Yield: 0.16%
Average Volume (3M): 5,252
Price to Earnings (P/E): 22.6
Beta (1Y): 0.84
Revenue Growth: 0.55%
EPS Growth: 90.45%
Country: India
Employees: 1,031
Sector: General
Sector Strength: 55
Industry: Construction Materials

Mangalam Cement Ltd Business Overview & Revenue Model

Company Description

Operating within India, Mangalam Cement Limited specializes in the production and distribution of various cement types. Its product portfolio includes Portland Pozzolana, 43-grade, and 53-grade cement, all marketed under the 'Birla Uttam' label. Addi...

Mangalam Cement Ltd Financial Statement Overview

Summary

Income statement is mixed with choppy revenue and multi-year margin/earnings swings, reducing visibility (Income Statement Score: 58). Balance sheet is generally workable with moderate leverage but rising debt in 2026 adds risk (Balance Sheet Score: 62). Cash flow is the main weak spot: operating cash flow has weakened and free cash flow turned deeply negative in 2026, pressuring flexibility (Cash Flow Score: 45).

Income Statement

58Neutral

Balance Sheet

62Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	17.62B	17.58B	16.81B	17.25B	17.92B	15.64B
Gross Profit	7.69B	8.00B	7.03B	8.81B	5.76B	8.11B
EBITDA	2.11B	2.39B	2.18B	2.22B	1.38B	2.30B
Net Income	1.15B	1.29B	450.63M	597.17M	171.23M	777.05M
Balance Sheet
Total Assets	0	24.25B	21.66B	20.68B	19.90B	19.28B
Cash, Cash Equivalents and Short-Term Investments	1.56B	2.28B	1.96B	2.16B	2.14B	2.56B
Total Debt	0	8.88B	6.27B	6.07B	6.21B	6.28B
Total Liabilities	-9.77B	14.48B	13.14B	12.56B	12.34B	11.86B
Stockholders Equity	9.77B	9.77B	8.52B	8.12B	7.56B	7.42B
Cash Flow
Free Cash Flow	-1.21B	-2.46B	48.15M	837.11M	114.81M	640.27M
Operating Cash Flow	175.06M	1.02B	1.30B	1.82B	1.39B	1.89B
Investing Cash Flow	-1.03B	-3.09B	-1.41B	-1.12B	-635.60M	-1.34B
Financing Cash Flow	625.23M	1.87B	38.64M	-858.85M	-894.35M	-730.76M

Mangalam Cement Ltd Technical Analysis

Technical Analysis SentimentPositive

Last Price943.30

Price Trends

50DMA980.92Negative

100DMA962.31Negative

200DMA902.39Positive

Market Momentum

MACD-18.81Negative

RSI53.36Neutral

STOCH81.69Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANGLMCEM, the sentiment is Positive. The current price of 943.30 is above the 20-day moving average (MA) of 916.57, below the 50-day MA of 980.92, and above the 200-day MA of 902.39, indicating a neutral trend. The MACD of -18.81 indicates Negative momentum. The RSI at 53.36 is Neutral, neither overbought nor oversold. The STOCH value of 81.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MANGLMCEM.

Mangalam Cement Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:MANGLMCEM against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KCP	75Outperform	INR 20.12B	11.79	―	0.64%	6.55%	-4.48%
IN:ORIENTCEM	63Neutral	INR 25.82B	13.42	―	0.40%	-17.66%	-37.35%
IN:MANGLMCEM	57Neutral	INR 24.82B	22.56	―	0.16%	0.55%	90.45%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SAGCEM	45Neutral	INR 18.38B	-57.72	―	―	13.42%	80.35%
IN:DECCANCE	40Underperform	INR 6.68B	116.36	―	0.10%	39.38%	-70.89%
IN:SAURASHCEM	38Underperform	INR 5.39B	81.97	―	―	7.86%	-51.97%

* General Sector Average

Performance Comparison

IN:MANGLMCEM and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:MANGLMCEM	Mangalam Cement Ltd	943.30	199.54	26.83%
IN:DECCANCE	Deccan Cements Ltd	485.00	-523.16	-51.89%
IN:KCP	KCP Ltd.	156.00	-38.41	-19.76%
IN:ORIENTCEM	Orient Cement Ltd.	125.65	-62.13	-33.08%
IN:SAGCEM	Sagar Cements Ltd	142.85	-77.20	-35.08%
IN:SAURASHCEM	Saurashtra Cement Limited	49.37	-48.73	-49.67%

Mangalam Cement Ltd Corporate Events

Mangalam Cement Marks 50th AGM with Fully Virtual Shareholder Meet

Aug 21, 2026

Mangalam Cement Ltd held its 50th Annual General Meeting on 21 August 2026 via video conferencing and other audio-visual means, in line with Indian regulatory norms for listed companies. The meeting recorded the attendance of key board members, statu...

Mangalam Cement Says Volume Surge Is Market-Driven, Affirms Compliance With SEBI Norms

Aug 20, 2026

Mangalam Cement Ltd, a listed cement manufacturer serving construction and infrastructure demand, operates under the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements. The company emphasizes its adherence to dis...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 21, 2026

Mangalam Cement Ltd AI Stock Analysis