Mangalam Alloys share price & results
- Mar 2026
- Mar 2026
Gujarat-based integrated stainless steel manufacturer producing SS ingots, round bars, bright bars, custom profiles, forgings and fasteners.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 219 | −6.4% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 12.0 | −5.0 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 3.0 | −75.0% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | +13.8 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | +2.4 pts | Fiscal year | FY · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Revenue growth (YoY) | +25.0 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −31.6% 1Y
1Y: ₹47 on 24 Oct 2025 → ₹32.15. High ₹55.25 (4 Nov 2025), low ₹29.05 (11 Jun 2026).
- Previous close
- ₹32
- Market cap
- ₹88 Cr
- 52-week range
- ₹29.05 – ₹55.25
- One year
- −30.03%
Overview
- Symbol
- NSE:MAL
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Mangalam Alloys Limited does
Based on the company's own presentations, annual report and earnings calls.
Mangalam Alloys Limited runs an integrated stainless steel manufacturing facility at Chhatral GIDC, Gujarat, converting inputs through melting, rolling and finishing into ingots, bars and profiles. It makes SS Ingots, Round Bars, RCS, Bright Bars, custom profiles (squares, hexes, angles, pattis) as well as forgings and fasteners, serving both domestic and export markets as a DGFT-recognised Two Star Export House. It also generates a portion of its own power via a windmill and has an overseas joint venture in Vietnam.
Segments
- Stainless steel long products
- Forgings and fasteners
- Installed production capacity
- 40,000 TPA
- Manufacturing facility area
- 40,000 sq. meters
- Employees
- 300+
- Rolling mills
- 16 (plus 20-inch, 17-inch and 12-inch mills added 2017)
- Captive power (windmill)
- 1.25 MW
- Export recognition
- Two Star Export House (DGFT)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 3 fiscal years held (Mar 2020 to Mar 2022).
Financials
What the filings say
Net profit, year on year: −75% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2022 | Mar 2023 | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 100 | 202 | 140 | 164 | 198 | 234 | 219 | 219 |
| Expenses | 89 | 182 | 120 | 152 | 184 | 195 | 191 | 192 |
| Operating profit | 12 | 20 | 20 | 12 | 14 | 39 | 28 | 27 |
| Operating margin | 12.0% | 10.0% | 14.0% | 7.0% | 7.0% | 17.0% | 13.0% | 12.0% |
| Other income | 1 | 4 | 0 | 1 | 2 | 0 | 0 | 3 |
| Interest | 7 | 10 | 9 | 10 | 11 | 15 | 13 | 18 |
| Depreciation | 4 | 2 | 3 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 2 | 11 | 8 | 0 | 1 | 20 | 12 | 9 |
| Tax rate | 0.0% | 25.0% | 28.0% | −1576.0% | 0.0% | 38.0% | 0.0% | 67.0% |
| Net profit | 2 | 8 | 6 | 5 | 1 | 12 | 12 | 3 |
| EPS (₹ per share) | 0.91 | 4.55 | 2.43 | 2.21 | 0.38 | 5.03 | 4.76 | 1.18 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 19 | 19 | 19 | 25 | 25 | 25 |
| Reserves | 45 | 50 | 60 | 105 | 118 | 133 |
| Borrowings | 168 | 164 | 154 | 151 | 252 | 296 |
| Other liabilities | 81 | 68 | 99 | 110 | 65 | 80 |
| Total liabilities | 312 | 301 | 332 | 390 | 460 | 534 |
| Fixed assets | 78 | 82 | 77 | 96 | 90 | 85 |
| Capital work in progress | 0 | 0 | 6 | 0 | 0 | 11 |
| Investments | 19 | 19 | 0 | 0 | 0 | 0 |
| Other assets | 215 | 199 | 248 | 295 | 370 | 438 |
| Total assets | 312 | 301 | 332 | 390 | 460 | 534 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 80 | 69 | 110 | 107 | 95 | 83 |
| Inventory days | 240 | 199 | 220 | 244 | 213 | 268 |
| Days payable | 124 | 91 | 140 | 159 | 50 | 60 |
| Cash conversion cycle | 196 | 177 | 190 | 191 | 258 | 291 |
| Working capital days | 55 | 49 | 73 | 108 | 90 | 142 |
| Return on capital employed | 2.0% | 9.0% | 11.0% | 11.0% | 14.0% | 12.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 59.74% as of Mar 2026; institutions added 0.00 pts since Sept 2025.
- Promoters 59.74%
- Foreign institutions 0.46%
- Domestic institutions 0.00%
- Government 0.22%
- Public 39.58%
Who is on the register
Named in the Mar 2026 filing
Every holder of Mangalam Alloys Limited above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| 25.32% | unchanged | |
| 14.77% | unchanged | |
| 13.02% | unchanged | |
| 5.57% | unchanged | |
| 3.27% | unchanged | |
| 3.22% | unchanged | |
| 1.32% | unchanged | |
| 1.15% | unchanged | |
| 0.13% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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