MWL

Mangalam Worldwide Limited

Steel products for infrastructure and industrial customers

Industrials›Capital Goods›Industrial Products›Iron & Steel Products

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

Price as of 2026-10-19

Stock price
₹40.66
Market cap
1,208 Cr
Stock P/E
23.3
P/B
4.03
Dividend yield
0.0%
ROE (FY26)
16.4%
ROCE (FY26)
16.3%
Operating margin (FY26)
6.7%
Debt / equity (FY26)
0.78
OCF / EBITDA (FY26)
-22.5%

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

MWL (Mangalam Worldwide) makes stainless steel long products and tubular products, such as billets, round bars, bright bars and seamless pipes and tubes, for industrial customers in India and abroad.

Company snapshot

38thBy market cap

Ranked among 64 companies in Iron & Steel Products.

What we see

Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.

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

MetricJun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales276 Cr317 Cr350 Cr265 Cr316 Cr
Operating expenses (approx.)260 Cr296 Cr324 Cr237 Cr287 Cr
EBITDA16 Cr21 Cr26 Cr28 Cr29 Cr
OPM %5.8%6.6%7.5%10.5%9.2%
Other income4 Cr1 Cr0.37 Cr2 Cr0.64 Cr
Interest7 Cr9 Cr10 Cr10 Cr14 Cr
Depreciation2 Cr3 Cr3 Cr3 Cr3 Cr
Profit before tax10 Cr10 Cr14 Cr16 Cr13 Cr
Tax %-2.7%-2.0%1.1%6.4%5.5%
Net profit10 Cr11 Cr14 Cr15 Cr12 Cr
EPS (₹)₹3.41₹3.55₹4.74₹5.17₹4.01

Profit & loss (annual)

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

MetricMar 2021Mar 2022Mar 2025Mar 2026TTM
Sales302 Cr523 Cr1,061 Cr1,208 CrSign in free for the trailing twelve months
Operating expenses (approx.)298 Cr512 Cr1,006 Cr1,117 CrSign in free for the trailing twelve months
EBITDA4 Cr11 Cr55 Cr91 CrSign in free for the trailing twelve months
OPM %1.5%2.2%5.2%7.5%Sign in free for the trailing twelve months
Other income1 Cr10 Cr5 Cr7 CrSign in free for the trailing twelve months
Interest2 Cr2 Cr24 Cr37 CrSign in free for the trailing twelve months
Depreciation0.02 Cr1 Cr9 Cr10 CrSign in free for the trailing twelve months
Profit before tax4 Cr19 Cr30 Cr51 CrSign in free for the trailing twelve months
Tax %25.7%33.6%-0.0%1.4%Sign in free for the trailing twelve months
Net profit3 Cr12 Cr30 Cr50 CrSign in free for the trailing twelve months
EPS (₹)—₹9.20₹10.59₹16.87Sign in free for the trailing twelve months
Dividend payout %——8.8%1.2%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 2021Mar 2022Mar 2025Mar 2026
Equity capital0.20 Cr18 Cr30 Cr30 Cr
Reserves13 Cr27 Cr226 Cr270 Cr
Borrowings17 Cr47 Cr191 Cr233 Cr
Other liabilities17 Cr30 Cr183 Cr390 Cr
Total liabilities47 Cr123 Cr636 Cr929 Cr
Fixed assets (net)1 Cr50 Cr95 Cr88 Cr
CWIP—0.02 Cr0 Cr16 Cr
Investments6 Cr5 Cr35 Cr33 Cr
Loans & advances——17 Cr13 Cr
Inventories25 Cr35 Cr282 Cr464 Cr
Trade receivables10 Cr15 Cr167 Cr162 Cr
Cash & bank0.85 Cr5 Cr0.26 Cr1 Cr
Other assets4 Cr12 Cr39 Cr151 Cr
Total assets47 Cr123 Cr636 Cr929 Cr

Cash flows

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

MetricMar 2021Mar 2022Mar 2025Mar 2026
Cash from operating activity6 Cr2 Cr-87 Cr-20 Cr
Cash from investing-1 Cr-40 Cr-7 Cr-38 Cr
Cash from financing-4 Cr42 Cr94 Cr2 Cr
Net cash flow0.67 Cr4 Cr-0.09 Cr-56 Cr
Free cash flow (OCF − Capex)4 Cr-48 Cr-87 Cr-46 Cr

Ratios

MetricMar 2021Mar 2022Mar 2025Mar 2026
ROCE %19.1%22.4%11.8%16.3%
ROE %20.6%27.1%11.3%16.4%
Debtor days12115749
Inventory days4232114168
Days payable27164641
Cash conversion cycle2726126176
OCF / EBITDA %n.m.n.m.-158.6%-22.5%
Debt / equity1.351.030.750.78
Current ratio1.150.921.411.51
Net debt / EBITDA3.773.633.492.55