MGEL

Mangalam Global Enterprise Limited

Integrated agro-processing business with edible oils and consumer wellness products

Fast Moving Consumer Goods›Fast Moving Consumer Goods›Agricultural Food & other Products›Other Agricultural Products

groupmangalam.com

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Key metrics

Price as of 2026-10-16

Stock price

₹17.01

Market cap

561 Cr

Stock P/E

11.9

P/B

2.26

Dividend yield

0.1%

ROE (FY26)

18.2%

ROCE (FY26)

18.5%

Operating margin (FY26)

1.7%

Debt / equity (FY26)

0.87

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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Compare with peers

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What you need to know

MGEL (Mangalam Global Enterprise) runs an Ahmedabad-based integrated agro-processing business that sources, processes and sells agri products, and has started a consumer wellness brand, NEAT Everyday.

Company snapshot

14thBy market cap

Ranked among 23 companies in Other Agricultural Products.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 92.8% of revenue

Segment	Revenue share	Revenue	PBT	Assets
Foreign Operations	10.5%	53 Cr	0.17 Cr	0 Cr
Indian Operations	92.8%	466 Cr	8 Cr	0 Cr

Shares add up to 103% because segment revenues are before inter-segment eliminations.

What we see

Positives

✓Return on equity of 18.2% — the company generates strong returns on shareholders' money.

Concerns

✗Net margin is very thin at 1.3% — little room for error if costs rise.

Statement tables · Consolidated

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

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

Metric	Sept 2023	Dec 2023	Mar 2024	Jun 2024	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	440 Cr	532 Cr	542 Cr	680 Cr	563 Cr	502 Cr	537 Cr	859 Cr	706 Cr	756 Cr	1,064 Cr	952 Cr
Operating expenses (approx.)	436 Cr	526 Cr	527 Cr	669 Cr	548 Cr	491 Cr	529 Cr	846 Cr	694 Cr	743 Cr	1,040 Cr	934 Cr
EBITDA	4 Cr	6 Cr	16 Cr	11 Cr	14 Cr	11 Cr	8 Cr	13 Cr	11 Cr	13 Cr	24 Cr	18 Cr
OPM %	1.0%	1.1%	2.9%	1.6%	2.6%	2.2%	1.5%	1.5%	1.6%	1.7%	2.3%	1.9%
Other income	6 Cr	5 Cr	3 Cr	5 Cr	4 Cr	6 Cr	6 Cr	4 Cr	5 Cr	6 Cr	1 Cr	3 Cr
Interest	7 Cr	6 Cr	6 Cr	7 Cr	9 Cr	8 Cr	6 Cr	8 Cr	7 Cr	8 Cr	8 Cr	10 Cr
Depreciation	0.93 Cr	0.53 Cr	0.54 Cr	0.54 Cr	0.54 Cr	0.59 Cr	0.63 Cr	0.62 Cr	0.62 Cr	0.63 Cr	0.63 Cr	0.81 Cr
Profit before tax	2 Cr	3 Cr	13 Cr	8 Cr	7 Cr	9 Cr	8 Cr	8 Cr	19 Cr	10 Cr	17 Cr	11 Cr
Tax %	55.8%	16.5%	6.3%	21.8%	25.7%	26.8%	31.9%	24.1%	7.7%	13.4%	26.7%	23.1%
Net profit	0.95 Cr	3 Cr	12 Cr	6 Cr	6 Cr	6 Cr	5 Cr	6 Cr	18 Cr	9 Cr	12 Cr	8 Cr
EPS (₹)	₹0.07	₹0.20	₹0.82	₹0.41	₹0.34	₹0.38	₹0.16	₹0.20	₹0.54	₹0.26	₹0.38	₹0.26

Profit & loss (annual)

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

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	960 Cr	1,277 Cr	1,425 Cr	1,839 Cr	2,281 Cr	3,384 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	949 Cr	1,267 Cr	1,397 Cr	1,803 Cr	2,237 Cr	3,323 Cr	Sign in free for the trailing twelve months
EBITDA	11 Cr	10 Cr	28 Cr	35 Cr	44 Cr	61 Cr	Sign in free for the trailing twelve months
OPM %	1.1%	0.8%	2.0%	1.9%	1.9%	1.8%	Sign in free for the trailing twelve months
Other income	5 Cr	6 Cr	5 Cr	14 Cr	21 Cr	16 Cr	Sign in free for the trailing twelve months
Interest	7 Cr	11 Cr	14 Cr	25 Cr	30 Cr	31 Cr	Sign in free for the trailing twelve months
Depreciation	3 Cr	4 Cr	3 Cr	3 Cr	2 Cr	3 Cr	Sign in free for the trailing twelve months
Profit before tax	6 Cr	4 Cr	16 Cr	23 Cr	31 Cr	55 Cr	Sign in free for the trailing twelve months
Tax %	20.2%	19.7%	21.0%	10.7%	26.5%	17.2%	Sign in free for the trailing twelve months
Net profit	5 Cr	4 Cr	13 Cr	20 Cr	23 Cr	45 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹1.86	₹1.44	₹0.98	₹1.40	₹0.72	₹1.37	Sign in free for the trailing twelve months
Dividend payout %	6.3%	0.0%	6.6%	1.4%	1.4%	0.7%	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

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	25 Cr	26 Cr	28 Cr	29 Cr	33 Cr	33 Cr
Reserves	44 Cr	54 Cr	87 Cr	110 Cr	163 Cr	215 Cr
Borrowings	121 Cr	120 Cr	238 Cr	201 Cr	171 Cr	215 Cr
Other liabilities	31 Cr	71 Cr	86 Cr	80 Cr	127 Cr	342 Cr
Total liabilities	222 Cr	271 Cr	439 Cr	420 Cr	493 Cr	805 Cr
Fixed assets (net)	32 Cr	20 Cr	64 Cr	49 Cr	49 Cr	56 Cr
CWIP	—	—	10 Cr	0 Cr	0 Cr	0.02 Cr
Investments	3 Cr	3 Cr	3 Cr	2 Cr	14 Cr	3 Cr
Loans & advances	—	—	3 Cr	8 Cr	9 Cr	9 Cr
Inventories	22 Cr	118 Cr	69 Cr	104 Cr	105 Cr	158 Cr
Trade receivables	98 Cr	79 Cr	210 Cr	174 Cr	241 Cr	487 Cr
Cash & bank	3 Cr	2 Cr	3 Cr	2 Cr	0.13 Cr	4 Cr
Other assets	63 Cr	49 Cr	78 Cr	81 Cr	76 Cr	88 Cr
Total assets	222 Cr	271 Cr	439 Cr	420 Cr	493 Cr	805 Cr

Cash flows

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

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	-47 Cr	-29 Cr	-67 Cr	40 Cr	-39 Cr	46 Cr
Cash from investing	-12 Cr	34 Cr	-41 Cr	2 Cr	4 Cr	-2 Cr
Cash from financing	61 Cr	-7 Cr	109 Cr	-42 Cr	34 Cr	-41 Cr
Net cash flow	2 Cr	-1 Cr	0.79 Cr	-0.97 Cr	-0.82 Cr	3 Cr
Free cash flow (OCF − Capex)	-58 Cr	-29 Cr	-112 Cr	38 Cr	-48 Cr	46 Cr

Ratios

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROCE %	6.8%	7.5%	8.5%	14.1%	16.7%	18.5%
ROE %	6.8%	4.5%	11.1%	14.6%	11.8%	18.2%
Debtor days	37	22	54	35	38	52
Inventory days	14	63	49	47	70	32
Days payable	18	23	49	9	33	37
Cash conversion cycle	33	63	54	73	75	47
OCF / EBITDA %	n.m.	n.m.	n.m.	n.m.	n.m.	n.m.
OCF / EBITDA % (3 years)	—	—	n.m.	n.m.	n.m.	n.m.
Debt / equity	1.76	1.51	2.08	1.45	0.87	0.87
Current ratio	1.27	1.37	1.16	1.41	1.47	1.37
Net debt / EBITDA	—	—	8.33	5.63	3.85	3.46