Mangalam Organics Ltd - Stock Valuation and Financial Performance

BSE: 514418 | NSE: MANORG | Chemicals | Small Cap

Mangalam Organics Share Price

659.85 31.40 5.00%
as on 06-Sep'24 16:01

DeciZen - make an informed investing decision on Mangalam Organics

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Mangalam Organics stock performance -

mw4me loader
P/E Ratio (SA):
108.89
Market Cap:
565.1 Cr.
52-wk low:
269
52-wk high:
659.9

Is Mangalam Organics Ltd an attractive stock to invest in?

1. Is Mangalam Organics Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mangalam Organics Ltd is a average quality company.

2. Is Mangalam Organics Ltd undervalued or overvalued?

The key valuation ratios of Mangalam Organics Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Mangalam Organics Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Mangalam Organics Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Mangalam Organics:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mangalam Organics Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 11.1%-0.8%7.3%20.9%77.1%37.9%49.7%20%-3.9%4%-
Value Creation
Index
-0.2-1.1-0.50.54.51.72.60.4-1.3-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 239170177241425375338491467405403
Sales YoY Gr.--29.1%4.1%36.4%76.3%-11.8%-9.7%45.1%-4.9%-13.2%-
Adj EPS 4.8-6.55.315.884.764.599.463.5-294.86.1
YoY Gr.--234.2%NA196.8%435.4%-23.9%54.1%-36.1%-145.6%NA-
BVPS (₹) 5846.551.867.6141.7196294355.8324.8329.5331.1
Adj Net
Profit
4.4-5.94.814.372.555.285.154.4-24.84.15
Cash Flow from Ops. -0.111.721.124.729.293.326.4-84.665.754.7-
Debt/CF from Ops. -1357.85.42.41.61.70.20.9-2.32.73-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6%-0.9%6.2%-13.2%
Adj EPS -0.1%-43.7%-63.6%NA
BVPS21.3%18.4%3.9%1.5%
Share Price 39.2% 19.9% -1.1% 64.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
8.5-12.410.926.579.538.240.619.6-8.51.51.8
Op. Profit
Mgn %
6.5-11.96.810.425.823.137.918.6-0.68.59
Net Profit
Mgn %
1.8-3.52.7617.114.725.211.1-5.311.3
Debt to
Equity
1.31.51.10.70.40.10.10.60.60.6-
Working Cap
Days
1522141831319411914318924824099
Cash Conv.
Cycle
78985956518110113318016623

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.58

Return on Equity has declined versus last 3 years average to 1.80%

Sales growth has been subdued in last 3 years 6.22%

Net Profit has been subdued in last 3 years -63.63%

Sales growth is not so good in last 4 quarters at -11.90%

Latest Financials - Mangalam Organics Ltd.

Standalone Consolidated
TTM EPS (₹) 6.1 6.6
TTM Sales (₹ Cr.) 403 503
BVPS (₹.) 331.1 329.7
Reserves (₹ Cr.) 275 274
P/BV 1.99 2.00
PE 108.89 100.00
From the Market
52 Week Low / High (₹) 269.00 / 659.85
All Time Low / High (₹) 1.10 / 1300.00
Market Cap (₹ Cr.) 565
Equity (₹ Cr.) 8.6
Face Value (₹) 10
Industry PE 59.4

Management X-Ray of Mangalam Organics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mangalam Organics

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales239170177241425375338491467405
Operating Expenses 224196164216316288210400470371
Manufacturing Costs17151424333640525541
Material Costs187154122170245209123278361287
Employee Cost 1110912222527302327
Other Costs 9172010161820403216
Operating Profit 15-2712251088612891-334
Operating Profit Margin (%) 6.4%-15.8%6.8%10.4%25.5%23.1%37.8%18.6%-0.7%8.5%
Other Income 43111211112
Interest 664345141315
Depreciation 65566914151719
Exceptional Items 00001-100000
Profit Before Tax 7-73181016311474-313
Tax 33-2429153020-6-1
Profit After Tax 4-1051472488554-254
PAT Margin (%) 1.8%-6.1%2.7%5.9%17.0%12.8%25.1%11.1%-5.4%1.0%
Adjusted EPS (₹)4.6-11.45.315.884.556.099.163.4-29.74.9
Dividend Payout Ratio (%)0%0%0%6%1%2%2%2%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 52424761121168252305278282
Share Capital 9999999999
Reserves 43333852113159243296270274
Minority Interest0000000000
Debt67624940501724188163151
Long Term Debt923111690382915
Short Term Debt5838383943924151134136
Trade Payables24181618131124312817
Others Liabilities 2521141091812191718
Total Liabilities 168143125129193215311543486468

Fixed Assets

Gross Block91868895119179211286326354
Accumulated Depreciation44515662687790105121140
Net Fixed Assets4835323351102121181205214
CWIP 0001430800
Investments 0001000011
Inventories654438346665106243172120
Trade Receivables22121724373134445874
Cash Equivalents 531113134111
Others Assets28493726321316665158
Total Assets 168143125129193215311543486468

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 0122125299326-856655
PBT 7-73181026311474-313
Adjustment 122198101414182831
Changes in Working Capital -18-293-5233-72-1556816
Tax Paid -100-5-30-17-30-2204
Cash Flow From Investing Activity -8-2-2-7-27-59-28-83-32-27
Capex -8-2-3-7-28-59-29-83-32-29
Net Investments 0000100000
Others 0000001012
Cash Flow From Financing Activity 9-12-18-13-6-362166-33-28
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 614-12-1063-938-9-14
Interest Paid -6-6-4-3-4-5-1-4-13-15
Dividend Paid 0000-1-1-1-1-10
Others 8-20-10-7-3213134-110
Net Cash Flow 1-215-4-20-110
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)8.12-21.8710.8626.579.3133.1540.4519.51-8.721.48
ROCE (%)11.08-0.767.3220.9377.1437.9249.7220.02-3.914.02
Asset Turnover Ratio1.611.211.471.922.641.841.291.150.910.85
PAT to CFO Conversion(x)0N/A4.21.790.41.940.31-1.57N/A13.75
Working Capital Days
Receivable Days39332731263335294059
Inventory Days831067653436492130162131
Payable Days55505137232153363029

Mangalam Organics Ltd Stock News

Mangalam Organics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mangalam Organics on 06-Sep-2024 16:01 is ₹659.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Sep-2024 16:01 the market cap of Mangalam Organics stood at ₹565.1.
The latest P/E ratio of Mangalam Organics as of 06-Sep-2024 16:01 is 108.9.
The latest P/B ratio of Mangalam Organics as of 06-Sep-2024 16:01 is 1.99.
The 52-week high of Mangalam Organics is ₹659.9 and the 52-week low is ₹269.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mangalam Organics is ₹402.7 ( Cr.) .

About Mangalam Organics Ltd

The House of Dujodwalas owes its existence and sustained growth to Ramgopal M Dujodwala, A pioneer in the field of Rosin and Terpene Chemicals. His vision and innovation backed by a missionary zeal, has led to all-round steady growth with solid foundations in production and marketing of the Groups' products.

Dujodwala Products, established in 1947, is engaged in manufacturing/supplying the products of the Pine Chemical industry which consists of Gum Rosin, Oil of Turpentine and their derivatives.

It was a crucial time when partition of the country took place. The only factory owned by Britishers remained on the other side of border and raw material remained with their country. The government was very keen for utilization of this perishable item by industrial units. Getting this opportunity they started their operations by developing one after other items, by putting various units. Keeping in view, constant development is the law of life. Learning new methods through R & D became the moto, reviving Ronald Graham - a great mathematician of his times, says 'Once you stop learning you start to decay.'

With investments of over Rs 200 million in fixed assets, mostly out of owned funds, and with an established product range and economic size of operations, the traditionally conservative House of Dujodwalas is now all set to embrace the new culture of privatization and integration with global economy, that is now sweeping India. In this context, the House of Dujodwalas, driven by an ambitious younger generation, is drawing up plans for across-the-board investments in forward integration and downstream projects.

Product range of the company includes:

  • Gum Rosin
  • Turpentine Oil
  • Pine Oil
  • Terpineol
  • Dipentine
  • Camphor
  • Camphor Oil
  • Sodium Acetate
  • Rosin modified Maleic Resin
  • Rosin modified Phenolic Resin
  • Ester Gum
  • Paper Sizing Chemical
  • Terpene Phenolic Resin
  • Pine Tar
  • Longifolene
  • Terpene Resin
  • Alkyl Phenolic Resin
  • Polyester
  • Phenolic Resin
  • Ketonic Resin
  • Polyamide Resins
  • Foundry Resin

Achievements/ recognition:

  • R. M. Dujodwala (Chairman - Dujodwala Resins & Terpenes Ltd. ) has received Rajiv Gandhi Excellence Award. 
  • R. M. Dujodwala (Chairman - Dujodwala Resins & Terpenes Ltd. ) has received Award from  Mother Teresa. 
  • Udyog Rattan Award from Institute of Economic Studies in respect of help to economic development in country.  
  • Samajshri award from Indian Council of Management executives for public services.
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