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Mangalam Cement Ltd
(MANGLMCEM)
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Rating:57Neutral
Price Target:
₹1,017.00
▲(33.81% 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
Earnings Recovery
The strong EPS growth and recovery in net income indicate improved profitability after weaker 2023–2024 results. If margins remain supported, earnings recovery can strengthen internal funding and improve resilience through the next operating cycle.
Negative Factors
Free Cash Flow Pressure
The sharp free-cash-flow reversal reduces financial flexibility and may increase reliance on borrowing or other funding sources. If heavy spending or working-capital pressure persists, the company could have less capacity to invest, reduce debt, or absorb downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Earnings Recovery
The strong EPS growth and recovery in net income indicate improved profitability after weaker 2023–2024 results. If margins remain supported, earnings recovery can strengthen internal funding and improve resilience through the next operating cycle.
Read all positive factors
Mangalam Cement Ltd (MANGLMCEM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹28.18B
Dividend Yield0.15%
Average Volume (3M)7.13K
Price to Earnings (P/E)24.6
Beta (1Y)0.81
Revenue Growth0.55%
EPS Growth90.45%
CountryIN
Employees1,031
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)41.73
Shares Outstanding27,497,297
10 Day Avg. Volume4,987
30 Day Avg. Volume7,125
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)2.16
Price to Sales (P/S)1.20
P/FCF Ratio-8.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)78.4
Revenue Forecast (FY)₹20.29B
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. A...
How the Company Makes Money
Mangalam Cement Ltd primarily makes money by manufacturing cement and selling it to the construction market. Its core revenue stream is the sale of cement (commonly across different grades/brands and in different packaging formats such as bagged a...
Mangalam Cement Ltd Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
62
Positive
Cash Flow
45
Neutral
| 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 | 0.00 | 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 | 0.00 | 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
Neutral
760.05
Price Trends
981.81
Positive
928.83
Positive
862.12
Positive
Market Momentum
26.93
Positive
51.48
Neutral
11.83
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANGLMCEM, the sentiment is Neutral. The current price of 760.05 is below the 20-day moving average (MA) of 1030.24, below the 50-day MA of 981.81, and below the 200-day MA of 862.12, indicating a neutral trend. The MACD of 26.93 indicates Positive momentum. The RSI at 51.48 is Neutral, neither overbought nor oversold. The STOCH value of 11.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MANGLMCEM.
Mangalam Cement Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹20.94B | 12.28 | ― | 0.62% | 6.55% | -4.48% | |
60 Neutral | ₹25.79B | 12.32 | ― | 0.40% | -12.10% | -19.52% | |
57 Neutral | ₹28.18B | 24.63 | ― | 0.15% | 0.55% | 90.45% | |
56 Neutral | ₹6.07B | 91.27 | ― | 1.65% | 7.86% | -51.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ₹8.03B | 136.60 | ― | 0.10% | 39.38% | -70.88% | |
42 Neutral | ₹19.10B | -82.63 | ― | 0.28% | 13.42% | 80.35% |
* General Sector Average
IN:MANGLMCEM
Mangalam Cement Ltd
1,024.95
296.17
40.64%
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125.50
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146.15
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IN:SAURASHCEM
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54.54
-59.16
-52.03%
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, st...
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 adheren...
Mangalam Cement Posts Unaudited Q1 FY27 Results After Limited Review
Aug 8, 2026
Mangalam Cement Ltd has released its unaudited financial results for the quarter ended 30 June 2026, following approval by the board of directors at a meeting held on 8 August. The disclosure, made in line with Securities and Exchange Board of Ind...
Mangalam Cement Starts Receiving Power from New Captive Solar Plant in Rajasthan
Aug 6, 2026
Mangalam Cement has announced that Suryadeep RJ-1 Projects Pvt Ltd has commissioned a 15.17 MW (AC) / 22 MW (DC) solar power plant in Barmer district, Rajasthan, under a group captive open access model. The plant, developed on a build-own-operate ...
Mangalam Cement Publishes AGM and Dividend Record Date Notices
Jul 30, 2026
Mangalam Cement Ltd has published newspaper notices in Financial Express and Rajasthan Patrika announcing its 50th Annual General Meeting, along with details of remote e‑voting arrangements for shareholders. The advertisements also inform in...
Mangalam Cement Seeks Higher Borrowing Limits at 50th AGM
Jul 29, 2026
Mangalam Cement Ltd., a Rajasthan-based cement manufacturer listed on NSE and BSE, has convened its 50th Annual General Meeting for 21 August 2026 via video conferencing and other audio-visual means, allowing shareholders to participate remotely. ...
Mangalam Cement sets virtual AGM, proposes final dividend and urges KYC updates
Jul 29, 2026
Mangalam Cement Ltd has announced that its 50th Annual General Meeting will be held on 21 August 2026 via video conferencing and other audio-visual means, in line with SEBI and MCA guidelines on virtual shareholder meetings. The company has provid...
Mangalam Cement Sets 50th AGM Date, Links Dividend to Updated KYC
Jul 29, 2026
Mangalam Cement Ltd has notified stock exchanges and shareholders that its 50th Annual General Meeting will be held on 21 August 2026 via video conferencing, with the annual report for FY 2025-26 accessible through a published web link for investo...
Mangalam Cement Files SEBI-Mandated Sustainability Report for FY 2025-26
Jul 29, 2026
Mangalam Cement Ltd. has filed its Business Responsibility and Sustainability Report for the 2025-26 financial year, aligning with SEBI’s mandatory reporting framework for listed entities. The report, which forms part of the company’s ...
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.