MANGLMCEM
Mangalam Cement share price & financials
- Price
- ₹852.6
- Market cap
- ₹2.8k Cr
- Sector
- Construction Materials
What Mangalam Cement Limited does
Mangalam Cement Limited, part of the B.K. Birla Group, manufactures and sells cement under the Birla Uttam PPC and Mangalam ProMaxX brands through a dealer, retail and institutional network. It operates an integrated cement plant with captive limestone mines at Morak (Rajasthan) and a grinding unit at Aligarh (Uttar Pradesh), backed by captive thermal, wind and waste-heat-recovery power generation. The company also runs a separate Medium Density Fibreboard (MDF) business through its Mangalam Timber unit at Nabarangpur, Odisha. Cement is sold through both retail dealer networks and institutional/project channels.
Segments
- Cement
- MDF (Medium Density Fibreboard)
- Manufacturing locations
- 3 units across Rajasthan, Uttar Pradesh and Odisha
- Cement plant
- Integrated plant at Morak, Kota (Rajasthan) — the company's original/mother plant
- Grinding unit
- Aligarh, Uttar Pradesh
- MDF facility
- Mangalam Timber unit, Nabarangpur, Odisha
- Captive limestone mines
- Morak Limestone Mine and Gagrana Limestone Mine (Rajasthan)
- Captive power sources
- Captive thermal power plant, wind turbines, and waste heat recovery (WHR) system
Quarterly results
Q1 FY27: revenue up 0.7%, net profit down 43.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 359 | 438 | 503 | 452 | 395 +10% | 421 −4% | 490 −3% | 455 +1% |
| EBITDA | 30 | 43 | 54 | 75 | 43 +43% | 45 +5% | 54 +0% | 53 −29% |
| Net profit | 3 | 8 | 17 | 32 | 20 +567% | 11 +38% | 65 +282% | 18 −44% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +41.2% 1Y
1Y: ₹727.8 on 10 Sept 2025 → ₹1,028. High ₹1,098.2 (3 Sept 2026), low ₹685 (27 Nov 2025).
Financials, as filed
Revenue fell 0.8% a year over 3 years, FY23 to FY26. Operating margin widened to 12.3%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.8k Cr | ₹1.7k Cr | ₹1.7k Cr | ₹1.8k Cr |
| Operating profit | ₹147 Cr | ₹202 Cr | ₹157 Cr | ₹217 Cr |
| Operating margin | 8.2% | 11.7% | 9.3% | 12.3% |
| Interest | ₹67 Cr | ₹68 Cr | ₹68 Cr | ₹64 Cr |
| Depreciation | ₹69 Cr | ₹74 Cr | ₹78 Cr | ₹80 Cr |
| Net profit | ₹18 Cr | ₹60 Cr | ₹45 Cr | ₹128 Cr |
| Net margin | 1.0% | 3.5% | 2.7% | 7.3% |
| Cash from operations | ₹139 Cr | ₹182 Cr | ₹188 Cr | ₹94 Cr |
| Free cash flow | ₹14 Cr | ₹84 Cr | ₹73 Cr | ₹-224 Cr |
| ROCE | 8.0% | 12.0% | 10.0% | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹28 Cr | ₹28 Cr | ₹28 Cr | ₹28 Cr | ₹28 Cr | ₹28 Cr |
| Reserves | ₹640 Cr | ₹715 Cr | ₹729 Cr | ₹784 Cr | ₹873 Cr | ₹950 Cr |
| Borrowings | ₹632 Cr | ₹628 Cr | ₹621 Cr | ₹607 Cr | ₹734 Cr | ₹888 Cr |
| Other liabilities | ₹558 Cr | ₹558 Cr | ₹612 Cr | ₹649 Cr | ₹716 Cr | ₹559 Cr |
| Total liabilities | ₹1.9k Cr | ₹1.9k Cr | ₹2.0k Cr | ₹2.1k Cr | ₹2.4k Cr | ₹2.4k Cr |
| Fixed assets | ₹980 Cr | ₹1.1k Cr | ₹1.2k Cr | ₹1.2k Cr | ₹1.2k Cr | ₹1.3k Cr |
| Capital work in progress | ₹112 Cr | ₹10 Cr | ₹17 Cr | ₹43 Cr | ₹110 Cr | ₹54 Cr |
| Investments | ₹71 Cr | ₹104 Cr | ₹78 Cr | ₹84 Cr | ₹76 Cr | ₹76 Cr |
| Other assets | ₹694 Cr | ₹673 Cr | ₹725 Cr | ₹776 Cr | ₹1.0k Cr | ₹987 Cr |
| Total assets | ₹1.9k Cr | ₹1.9k Cr | ₹2.0k Cr | ₹2.1k Cr | ₹2.4k Cr | ₹2.4k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs trimmed −0.92 pp while the public added +0.78 pp. The shareholder count shrank 7% to 29,390.
- Promoters
- 40.0%
- FIIs
- 5.5%
- DIIs
- 6.2%
- Public
- 48.3%
Since Jun 2025
- DIIs −0.92 pp
- Public +0.78 pp
- Promoters +0.48 pp
How it drifted, 12 quarters
Over this window the public fell from 54.3% to 48.3% — −6.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 36.3%, FIIs 6.8%, DIIs 2.6%, Public 54.3%.Dec '23: Promoters 36.6%, FIIs 6.2%, DIIs 3.4%, Public 53.8%.Mar '24: Promoters 36.9%, FIIs 5.7%, DIIs 4.4%, Public 53.0%.Jun '24: Promoters 36.9%, FIIs 6.3%, DIIs 4.8%, Public 52.0%.Sep '24: Promoters 36.9%, FIIs 6.2%, DIIs 4.8%, Public 52.1%.Dec '24: Promoters 37.8%, FIIs 6.1%, DIIs 4.8%, Public 51.3%.Mar '25: Promoters 39.5%, FIIs 5.8%, DIIs 5.0%, Public 49.7%.Jun '25: Promoters 39.5%, FIIs 5.9%, DIIs 7.1%, Public 47.5%.Sep '25: Promoters 40.0%, FIIs 6.1%, DIIs 6.9%, Public 47.0%.Dec '25: Promoters 40.0%, FIIs 5.8%, DIIs 6.8%, Public 47.4%.Mar '26: Promoters 40.0%, FIIs 5.6%, DIIs 6.2%, Public 48.3%.Jun '26: Promoters 40.0%, FIIs 5.5%, DIIs 6.2%, Public 48.3%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Capri Global Ventures Private Limited newly disclosed 3.17% held
The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Mangalam Cement Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Vidula Consultancy Services Limited | 16.68% | unchanged |
| Rambara Trading Private Limited | 14.39% | unchanged |
| Aditya Birla Real Estate Limited (Formally Century Textiles And Industries Ltd) | 5.08% | unchanged |
| Elm Papark Fund Limited FPI fund | 4.46% | unchanged |
| Quant Mutual Fund - Quant Value Fund Mutual fund | 4.21% | unchanged |
| Capri Global Ventures Private Limited | 3.17% | newly disclosed |
| Ava Trading And Consulting Private Limited | 2.03% | unchanged |
| Buoyant Capital AIF - Buoyant Opportunities Strategy AIF | 1.61% | unchanged |
| Jakhotia Polychem Private Limited | 1.56% | unchanged |
| Spark Online Private Limited | 1.51% | unchanged |
| Anshuman Vikram Jalan | 1.04% | unchanged |
| B. K. Birla Foundation | 0.40% | 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.
Learn to analyse Mangalam Cement Limited
Guides on how to read this kind of business and the numbers that matter.