Mangalam Global Enterprise Ltd. (MGEL) AI Stock Analysis

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Mangalam Global Enterprise Ltd.

(NSE:MGEL)

Select Model

Rating:68Neutral

Price Target:INR 19.00▲(9.13% Upside)

Action:reiterated

Date:09/08/26

Overall score reflects strong financial growth but tempered by cash-flow volatility and thin margins. Valuation is a notable positive (low P/E and high dividend yield), while technicals are constructive due to price strength above major moving averages, though negative MACD signals softer momentum.

Positive Factors

Sustained Revenue GrowthSustained revenue expansion indicates continued growth in traded volumes, market participation, or realized sales. This top-line momentum can support higher absolute earnings and strengthen the company’s ability to scale its commodity-trading operations over the next several quarters.

Negative Factors

Thin Profit MarginsVery thin net margins leave limited room to absorb changes in commodity prices, operating costs, or trading spreads. The decline in gross margin also suggests profitability is not fully keeping pace with revenue growth, potentially limiting durable earnings expansion.

Mangalam Global Enterprise Ltd. (MGEL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 5.17B
Dividend Yield: 0.06%
Average Volume (3M): 55.50K
Price to Earnings (P/E): 14.4
Beta (1Y): 0.44
Revenue Growth: 44.23%
EPS Growth: 8.18%
Country: India
Employees: 101
Sector: General
Sector Strength: 55
Industry: Agricultural Farm Products

Mangalam Global Enterprise Ltd. Business Overview & Revenue Model

Company Description

Operating across India and internationally, Mangalam Global Enterprise Limited (MGEL) and its subsidiaries specialize in the production, commercial dealing, and trading of edible and non-edible oils, alongside a variety of agricultural commodities. I...

How the Company Makes Money

MGEL primarily makes money by trading and distributing commodities: it purchases commodities from producers/suppliers, sells them to processors/industrial users/wholesalers or exports them, and earns a margin (the spread) between procurement cost and...

Mangalam Global Enterprise Ltd. Financial Statement Overview

Summary

Strong and sustained revenue growth with improving net income, but profitability remains thin (~1.3% net margin) and cash-flow quality is the key risk due to historically volatile/negative operating cash flow despite positive FCF in 2026.

Income Statement

74Positive

Balance Sheet

63Positive

Cash Flow

54Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	37.55B	33.84B	22.81B	18.39B	14.25B	12.76B
Gross Profit	1.13B	873.52M	781.78M	723.41M	841.56M	361.24M
EBITDA	848.38M	879.13M	441.60M	516.00M	285.15M	199.28M
Net Income	386.75M	452.23M	231.01M	202.08M	126.96M	43.03M
Balance Sheet
Total Assets	9.47B	8.05B	5.56B	4.20B	4.39B	2.71B
Cash, Cash Equivalents and Short-Term Investments	496.09M	255.30M	146.42M	16.14M	25.86M	17.97M
Total Debt	2.94B	2.15B	2.24B	2.01B	2.37B	1.37B
Total Liabilities	6.79B	5.57B	3.54B	2.81B	3.25B	1.91B
Stockholders Equity	2.67B	2.48B	2.02B	1.39B	1.14B	796.28M
Cash Flow
Free Cash Flow	0	210.65M	-478.26M	377.18M	-1.08B	-285.92M
Operating Cash Flow	0	230.78M	-390.79M	398.60M	-672.28M	-285.92M
Investing Cash Flow	0	-102.06M	39.66M	16.56M	-410.88M	341.91M
Financing Cash Flow	0	-101.25M	342.95M	-424.88M	1.09B	-70.68M

Mangalam Global Enterprise Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price17.41

Price Trends

50DMA15.81Positive

100DMA15.89Positive

200DMA14.20Positive

Market Momentum

MACD0.55Negative

RSI61.22Neutral

STOCH52.12Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MGEL, the sentiment is Positive. The current price of 17.41 is above the 20-day moving average (MA) of 16.67, above the 50-day MA of 15.81, and above the 200-day MA of 14.20, indicating a bullish trend. The MACD of 0.55 indicates Negative momentum. The RSI at 61.22 is Neutral, neither overbought nor oversold. The STOCH value of 52.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MGEL.

Mangalam Global Enterprise Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:MGEL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:UNITEDTEA	68Neutral	INR 2.06B	10.13	―	0.78%	-8.95%	-11.01%
IN:MGEL	68Neutral	INR 5.74B	14.41	―	0.06%	44.23%	8.18%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SAKUMA	54Neutral	INR 3.14B	28.98	―	―	-13.44%	-0.73%
IN:JAYSREETEA	52Neutral	INR 2.24B	-10.19	―	0.64%	6.65%	-130.78%
IN:HARRMALAYA	44Neutral	INR 3.10B	11.29	―	―	2.78%	2.41%
IN:PKTEA	41Neutral	INR 2.10B	-45.38	―	0.11%	9.32%	-184.16%

* General Sector Average

Performance Comparison

IN:MGEL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:MGEL	Mangalam Global Enterprise Ltd.	17.41	3.31	23.47%
IN:HARRMALAYA	Harrisons Malayalam Ltd	168.00	-29.95	-15.13%
IN:JAYSREETEA	Jay Shree Tea & Industries Ltd.	77.63	-18.32	-19.09%
IN:PKTEA	Peria Karamalai Tea & Produce Co. Ltd.	677.10	-4.49	-0.66%
IN:SAKUMA	Sakuma Exports Limited	2.00	-0.88	-30.56%
IN:UNITEDTEA	United Nilgiri Tea Estates Co. Ltd.	411.45	-18.57	-4.32%

Mangalam Global Enterprise Ltd. Corporate Events

Mangalam Global Seeks Shareholder Nod on Board Appointments and Pay via Postal Ballot

Sep 10, 2026

Mangalam Global Enterprise Ltd. has initiated a postal ballot process to seek shareholder approval for several key governance resolutions, including the appointment of two non-executive independent directors, Mr. Ramesh Kumar Agrawal and Ms. Purvi Ja...

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: Sep 08, 2026

Mangalam Global Enterprise Ltd. AI Stock Analysis

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