MANGLMCEM

Mangalam Cement Limited

Grey cement manufacturer with integrated clinker and grinding capacity

Commodities›Construction Materials›Cement & Cement Products›Cement & Cement Products

mangalamcement.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹973.65
Market cap
2,678 Cr
Stock P/E
23.3
P/B
2.74
Dividend yield
0.2%
ROE (FY26)
13.2%
ROCE (FY26)
8.6%
Operating margin (FY26)
7.7%
Debt / equity (FY26)
0.89
OCF / EBITDA (FY26)
43.3%
OCF / EBITDA (3Y)
80.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Mangalam Cement makes cement from its office and works at Morak near Kota in Rajasthan, with offices in Delhi and Jaipur and a corporate office in Kolkata.

Company snapshot

17thBy market cap

Ranked among 32 companies in Cement & Cement Products.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales428 Cr439 Cr437 Cr381 Cr359 Cr438 Cr503 Cr452 Cr395 Cr421 Cr490 Cr455 Cr
Operating expenses (approx.)380 Cr382 Cr392 Cr351 Cr329 Cr395 Cr449 Cr377 Cr352 Cr376 Cr436 Cr402 Cr
EBITDA48 Cr57 Cr46 Cr30 Cr30 Cr43 Cr54 Cr75 Cr43 Cr45 Cr54 Cr53 Cr
OPM %11.2%13.1%10.4%7.8%8.4%9.9%10.8%16.6%10.8%10.7%11.0%11.7%
Other income8 Cr6 Cr19 Cr32 Cr10 Cr5 Cr13 Cr11 Cr10 Cr7 Cr16 Cr11 Cr
Interest18 Cr17 Cr17 Cr16 Cr17 Cr16 Cr19 Cr17 Cr16 Cr15 Cr16 Cr18 Cr
Depreciation18 Cr19 Cr19 Cr19 Cr19 Cr19 Cr21 Cr20 Cr20 Cr20 Cr20 Cr22 Cr
Profit before tax20 Cr27 Cr29 Cr26 Cr4 Cr13 Cr27 Cr49 Cr16 Cr16 Cr13 Cr24 Cr
Tax %41.4%40.6%40.5%35.2%9.9%40.1%37.3%34.4%-22.3%27.1%-400.1%23.6%
Net profit12 Cr16 Cr17 Cr17 Cr3 Cr8 Cr17 Cr32 Cr20 Cr11 Cr65 Cr18 Cr
EPS (₹)₹4.29₹5.80₹6.29₹6.21₹1.19₹2.84₹6.15₹11.73₹7.31₹4.13₹23.72₹6.57

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,045 Cr1,125 Cr1,195 Cr1,228 Cr1,298 Cr1,566 Cr1,802 Cr1,725 Cr1,681 Cr1,758 CrSign in free for the trailing twelve months
Operating expenses (approx.)927 Cr1,039 Cr1,143 Cr1,029 Cr1,040 Cr1,348 Cr1,654 Cr1,523 Cr1,524 Cr1,542 CrSign in free for the trailing twelve months
EBITDA118 Cr86 Cr53 Cr199 Cr259 Cr218 Cr148 Cr202 Cr157 Cr217 CrSign in free for the trailing twelve months
OPM %11.3%7.7%4.4%16.2%19.9%13.9%8.2%11.7%9.4%12.3%Sign in free for the trailing twelve months
Other income21 Cr24 Cr28 Cr30 Cr33 Cr27 Cr35 Cr38 Cr61 Cr44 CrSign in free for the trailing twelve months
Interest47 Cr47 Cr51 Cr63 Cr65 Cr64 Cr66 Cr68 Cr69 Cr64 CrSign in free for the trailing twelve months
Depreciation40 Cr44 Cr46 Cr49 Cr59 Cr62 Cr69 Cr74 Cr79 Cr81 CrSign in free for the trailing twelve months
Profit before tax50 Cr19 Cr-16 Cr117 Cr168 Cr119 Cr28 Cr99 Cr70 Cr94 CrSign in free for the trailing twelve months
Tax %27.4%40.0%38.9%35.2%35.2%34.8%38.2%39.7%35.6%-36.9%Sign in free for the trailing twelve months
Net profit37 Cr11 Cr-10 Cr76 Cr109 Cr78 Cr17 Cr60 Cr45 Cr129 CrSign in free for the trailing twelve months
EPS (₹)₹13.72₹4.26₹-3.65₹28.43₹40.83₹28.26₹6.23₹21.72₹16.39₹46.90Sign in free for the trailing twelve months
Dividend payout %————2.4%5.2%24.1%6.9%9.2%3.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital27 Cr27 Cr27 Cr27 Cr27 Cr27 Cr27 Cr27 Cr27 Cr27 Cr
Reserves479 Cr488 Cr477 Cr549 Cr655 Cr715 Cr729 Cr784 Cr824 Cr950 Cr
Borrowings299 Cr280 Cr406 Cr493 Cr526 Cr624 Cr612 Cr599 Cr615 Cr870 Cr
Other liabilities408 Cr425 Cr505 Cr524 Cr635 Cr563 Cr622 Cr657 Cr699 Cr578 Cr
Total liabilities1,213 Cr1,220 Cr1,414 Cr1,593 Cr1,842 Cr1,928 Cr1,990 Cr2,068 Cr2,166 Cr2,425 Cr
Fixed assets (net)803 Cr820 Cr811 Cr887 Cr858 Cr1,110 Cr1,133 Cr1,127 Cr1,139 Cr1,250 Cr
CWIP49 Cr5 Cr73 Cr21 Cr111 Cr10 Cr17 Cr43 Cr5 Cr54 Cr
Investments28 Cr36 Cr33 Cr65 Cr104 Cr104 Cr78 Cr84 Cr91 Cr76 Cr
Loans & advances——122 Cr79 Cr99 Cr17 Cr0 Cr0 Cr0 Cr0 Cr
Inventories102 Cr112 Cr117 Cr164 Cr208 Cr203 Cr257 Cr308 Cr275 Cr319 Cr
Trade receivables34 Cr36 Cr35 Cr27 Cr37 Cr37 Cr37 Cr34 Cr40 Cr37 Cr
Cash & bank8 Cr10 Cr0.67 Cr63 Cr83 Cr65 Cr51 Cr36 Cr29 Cr8 Cr
Other assets189 Cr201 Cr222 Cr286 Cr341 Cr382 Cr417 Cr436 Cr587 Cr681 Cr
Total assets1,213 Cr1,220 Cr1,414 Cr1,593 Cr1,842 Cr1,928 Cr1,990 Cr2,068 Cr2,166 Cr2,425 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity163 Cr86 Cr84 Cr216 Cr256 Cr189 Cr139 Cr182 Cr188 Cr94 Cr
Cash from investing-91 Cr-17 Cr-176 Cr-156 Cr-181 Cr-134 Cr-64 Cr-112 Cr-132 Cr-297 Cr
Cash from financing-77 Cr-67 Cr83 Cr3 Cr-55 Cr-73 Cr-89 Cr-86 Cr-63 Cr183 Cr
Net cash flow-5 Cr2 Cr-9 Cr63 Cr20 Cr-18 Cr-14 Cr-15 Cr-7 Cr-20 Cr
Free cash flow (OCF − Capex)72 Cr67 Cr-18 Cr49 Cr177 Cr64 Cr11 Cr84 Cr62 Cr-254 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %12.2%8.3%3.8%16.9%19.3%13.4%6.9%11.8%9.5%8.6%
ROE %7.2%2.2%-1.9%13.2%16.0%10.5%2.3%7.4%5.3%13.2%
Debtor days12121181097798
Inventory days241205213304385274299386338377
Days payable299263331334425239290296301239
Cash conversion cycle-46-46-108-22-2943169846146
OCF / EBITDA %138.9%99.5%160.5%108.3%99.0%86.3%93.8%90.1%119.2%43.3%
OCF / EBITDA % (3 years)——130.1%114.2%109.0%97.6%93.3%89.6%100.2%80.5%
Debt / equity0.590.540.810.860.770.840.810.740.720.89
Current ratio0.770.770.880.981.321.040.860.850.820.72
Net debt / EBITDA2.48—7.702.151.712.563.792.793.723.97