BSE: 0 | NSE: MWL | Steel & Iron Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Mangalam Worldwide Ltd is a average quality company.
The key valuation ratios of Mangalam Worldwide Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Mangalam Worldwide Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 3.7% | 15.3% | 20% | 34.3% | 12.6% | 14.6% | - |
| Value Creation Index ⓘ | -0.7 | 0.1 | 0.4 | 1.5 | -0.1 | 0.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 34.6 | 327 | 302 | 523 | 644 | 818 | 818 |
| Sales YoY Gr. | - | 845.2% | -7.7% | 73.2% | 23.2% | 26.9% | - |
| Adj EPS ⓘ | 0.2 | 1.2 | 2.1 | 2.9 | 5.8 | 7.2 | 7.7 |
| YoY Gr. | - | 466.7% | 79% | 37.6% | 99.3% | 23.8% | - |
| BVPS (₹) ⓘ | 8.6 | 10 | 12.6 | 25.3 | 52.5 | 62.4 | 67.4 |
| Adj Net Profit ⓘ | 0.3 | 1.5 | 2.7 | 5.3 | 14.3 | 18.8 | 20 |
| Cash Flow from Ops. ⓘ | -5.2 | -14.7 | 5.6 | 1.6 | -60.9 | -11.3 | - |
| Debt/CF from Ops. ⓘ | -0.5 | -1.3 | 2.9 | 29.7 | -1.4 | -9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 88.3% | 39.4% | 26.9% | ||||
| Adj EPS ⓘ | NA | 103% | 50.3% | 23.8% | ||||
| BVPSⓘ | NA | 48.8% | 70.6% | 18.9% | ||||
| Share Price | - | - | - | 39.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2.9 | 15.5 | 22.9 | 18.1 | 16.4 | 12.5 | 11.9 |
| Op. Profit Mgn % ⓘ | 0.1 | 0.7 | 1.5 | 0.2 | 2.9 | 4.6 | 4.8 |
| Net Profit Mgn % ⓘ | 0.7 | 0.5 | 0.9 | 1 | 2.2 | 2.3 | 2.5 |
| Debt to Equity ⓘ | 0.3 | 1.9 | 1.3 | 1 | 0.7 | 0.6 | 0.1 |
| Working Cap Days ⓘ | 0 | 33 | 56 | 35 | 63 | 104 | 66 |
| Cash Conv. Cycle ⓘ | 0 | 11 | 20 | 17 | 38 | 67 | 18 |
Sales growth is growing at healthy rate in last 3 years 39.41%
Net Profit is growing at healthy rate in last 3 years 50.29%
Debt to equity has declined versus last 3 years average to 0.63
Sales growth is good in last 4 quarters at 10.97%
Return on Equity has declined versus last 3 years average to 11.90%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.7 | 8.4 |
| TTM Sales (₹ Cr.) | 818 | 818 |
| BVPS (₹.) ⓘ | 67.4 | 70.6 |
| Reserves (₹ Cr.) ⓘ | 149 | 157 |
| P/BV ⓘ | 2.30 | 2.20 |
| PE ⓘ | 20.05 | 18.46 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 403 |
| Equity (₹ Cr.) | 26 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 21.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 9.32 | 9.68 | 9.68 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 35 | 327 | 302 | 523 | 644 | 818 |
| Operating Expenses ⓘ | 35 | 325 | 297 | 533 | 626 | 781 |
| Manufacturing Costs | 0 | 28 | 62 | 75 | 92 | 111 |
| Material Costs | 34 | 291 | 223 | 405 | 507 | 635 |
| Employee Cost | 0 | 1 | 3 | 4 | 12 | 18 |
| Other Costs ⓘ | 0 | 4 | 10 | 49 | 16 | 17 |
| Operating Profit ⓘ | 0 | 2 | 4 | -10 | 18 | 37 |
| Operating Profit Margin (%) | 0.1% | 0.7% | 1.5% | -2.0% | 2.9% | 4.6% |
| Other Income ⓘ | 0 | 1 | 1 | 32 | 2 | 4 |
| Interest ⓘ | 0 | 1 | 2 | 2 | 4 | 15 |
| Depreciation ⓘ | 0 | 0 | 0 | 1 | 5 | 6 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 4 | 0 |
| Profit Before Tax ⓘ | 0 | 2 | 4 | 19 | 16 | 20 |
| Tax ⓘ | 0 | 1 | 1 | 6 | -1 | 0 |
| Profit After Tax | 0 | 1 | 3 | 12 | 17 | 20 |
| PAT Margin (%) | 0.7% | 0.5% | 0.9% | 2.4% | 2.6% | 2.5% |
| Adjusted EPS (₹) | 0.3 | 1.4 | 2.6 | 6.9 | 6.8 | 7.7 |
| Dividend Payout Ratio (%) | 6% | 1% | 0% | 0% | 15% | 13% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 9 | 10 | 13 | 45 | 129 | 162 | ||||
| Share Capital ⓘ | 0 | 0 | 0 | 18 | 25 | 26 | ||||
| Reserves ⓘ | 9 | 10 | 13 | 27 | 104 | 136 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 3 | 19 | 16 | 47 | 83 | 99 | ||||
| Long Term Debt | 0 | 0 | 0 | 0 | 16 | 18 | ||||
| Short Term Debt | 3 | 19 | 16 | 47 | 67 | 81 | ||||
| Trade Payables | 0 | 29 | 16 | 18 | 12 | 48 | ||||
| Others Liabilities ⓘ | 0 | 0 | 1 | 12 | 24 | 94 | ||||
| Total Liabilities ⓘ | 12 | 59 | 46 | 123 | 248 | 403 | ||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 0 | 0 | 83 | 111 | 127 | ||||
| Accumulated Depreciation | 0 | 0 | 0 | 33 | 33 | 40 | ||||
| Net Fixed Assetsⓘ | 0 | 0 | 0 | 50 | 78 | 87 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 2 | ||||
| Investmentsⓘ | 6 | 6 | 6 | 5 | 5 | 7 | ||||
| Inventories | 0 | 33 | 25 | 35 | 65 | 146 | ||||
| Trade Receivables | 4 | 12 | 10 | 15 | 52 | 99 | ||||
| Cash Equivalents | 0 | 0 | 1 | 5 | 5 | 2 | ||||
| Others Assetsⓘ | 2 | 8 | 4 | 12 | 44 | 60 | ||||
| Total Assets ⓘ | 12 | 59 | 46 | 123 | 248 | 403 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -5 | -15 | 6 | 2 | -61 | -11 |
| PBT ⓘ | 0 | 2 | 4 | 8 | 16 | 20 |
| Adjustment ⓘ | 0 | 1 | 2 | 3 | 3 | 20 |
| Changes in Working Capital ⓘ | -5 | -17 | 1 | -10 | -81 | -51 |
| Tax Paid ⓘ | 0 | -1 | -1 | 0 | 1 | 0 |
| Cash Flow From Investing Activity ⓘ | -4 | 0 | 0 | -42 | -38 | -19 |
| Capex | 0 | 0 | 0 | -51 | -36 | -11 |
| Net Investments | -4 | 0 | 0 | 11 | 4 | -3 |
| Others ⓘ | 0 | 0 | 0 | -1 | -6 | -5 |
| Cash Flow From Financing Activityⓘ | 9 | 15 | -5 | 44 | 98 | 27 |
| Net Proceeds from Shares ⓘ | 7 | 0 | 0 | 20 | 65 | 26 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 17 | 4 |
| Interest Paid ⓘ | 0 | -1 | -2 | -2 | -3 | -15 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -2 |
| Others ⓘ | 2 | 16 | -3 | 26 | 20 | 14 |
| Net Cash Flow ⓘ | 0 | 0 | 1 | 4 | -1 | -4 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 2.94 | 15.47 | 22.9 | 42.43 | 19.17 | 13.82 | ||||
| ROCE (%) | 3.71 | 15.25 | 19.96 | 34.34 | 12.62 | 14.58 | ||||
| Asset Turnover Ratio | 2.98 | 9.28 | 5.76 | 6.2 | 3.48 | 2.51 | ||||
| PAT to CFO Conversion(x) | N/A | -15 | 2 | 0.17 | -3.59 | -0.55 | Working Capital Days | |||
| Receivable Days | 43 | 9 | 13 | 9 | 19 | 34 | ||||
| Inventory Days | 0 | 37 | 36 | 21 | 28 | 47 | ||||
| Payable Days | 0 | 18 | 37 | 15 | 11 | 17 | ||||
The Company was originally incorporated on December 11, 1995 as ‘Temchem Exports Private Limited’, as a private limited company, under the provisions of the Companies Act, 1956. Thereafter, the name of the Company was changed to ‘Hindprakash Exim Private Limited’ and received fresh Certificate of Incorporation dated April 30, 2007 from Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Later on, the name of the Company was changed to ‘Mangalam Worldwide Private Limited’ and received fresh Certificate of incorporation dated October 13, 2014 issued by Assistant Registrar of Companies, Registrar of Companies, Ahmedabad. Later on, consequent upon the conversion of the Company into public limited company, the name of the Company was changed to “Mangalam Worldwide Limited” and fresh Certificate of Incorporation dated March 16, 2022 was issued by Registrar of Companies, Ahmedabad.
Mangalam Worldwide is mainly engaged in manufacturing of Stainless Steel (SS) Billets and rolling of SS Flat Bars with its fully integrated infrastructure consisting of steel melting shops, rolling mills and finishing machines at its plants located at Halol (Unit-I) and Changodar (Unit-II), Gujarat. The company also does the manufacturing of Stainless Steel (SS) Billets on job work basis. To cater the demand of customers for SS Round bars and SS Bright bars, it get manufacturing of such products on job work basis from third party manufacturers. The company is also engaged in trading of steel - scrap, ferro alloys, etc.
The company manufacture wide range of stainless steel of 200 series, 300 series (including series 304 and series 316), 400 series -grades in Austenitic, Ferritic, Martensitic and special chemical composition grades steel like 17/4 PH, Duplex and Super duplex Steel. The company with sound infrastructure, zero tolerance quality policies and with its energetic team of experts, make sure that it can fulfill any special customer requirements for various critical product applications. The company is Quality Management System certified company and holding ISO 9001:2015, ISO 45001:2018, ISO 14001:2015 certificates. Its products are used across industries like food and dairy equipments, Utensils, oil and gas, aerospace and medical devices among others. Its major customers are spread across states Rajasthan, Gujarat, Maharashtra and Uttarpradesh. Recently, it has also started exporting its products to Brazil.
Business area of the company
The company is engaged s engaged in the manufacturing of stainless steel (SS). It manufactures Stainless Steel (SS) Billets and SS Flat Bars. The company is also engaged in the trading of steel - scrap, ferro alloys, etc.
Key Events:
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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