MWL
Mangalam Worldwide share price & financials
- Price
- ₹37.15
- Market cap
- ₹1.2k Cr
- Sector
- Metals & Mining
What Mangalam Worldwide Limited does
Mangalam Worldwide Limited is a fully integrated stainless-steel mill that starts from scrap melting and goes up to manufacturing seamless pipes and tubes. It runs four manufacturing units in Gujarat (Halol, Changodar and two units at Kapadvanj) producing SS billets, ingots, flat bars, round bars, bright bars, seamless pipes, seamless and bright-annealed tubes, U-tubes and heat exchanger tubes across the 200, 300 and 400 steel series. It sells long products and tubular products under separate brand names to domestic industrial clients and exports to 30+ countries, serving sectors such as oil & gas, food and dairy equipment, utensils, aerospace and medical devices.
Segments
- Long products (billets, ingots, flat/round/bright bars)
- Tubular products (seamless pipes, tubes, U-tubes)
- Manufacturing units
- 4 (Halol Unit-I, Changodar Unit-II, Kapadvanj Unit-III & Unit-IV, Gujarat)
- Installed capacity
- 1,90,000+ MTPA
- Plant area
- 1,25,000+ sq. mt.
- Export reach
- 30+ countries across continents
- Domestic states served
- 15+ states across India
- Workforce
- 800+
Quarterly results
Q1 FY27: revenue up 14.5%, net profit up 20.0% 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 | 238 | 270 | 324 | 276 | 317 +33% | 350 +30% | 265 −18% | 316 +14% |
| EBITDA | 12 | 15 | 15 | 16 | 21 +75% | 26 +73% | 28 +87% | 29 +81% |
| Net profit | 7 | 8 | 8 | 10 | 11 +57% | 14 +75% | 15 +88% | 12 +20% |
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 −80.9% 1Y
1Y: ₹212.3 on 10 Sept 2025 → ₹40.6. High ₹381.1 (27 May 2026), low ₹35.7 (29 Jul 2026).
Financials, as filed
Revenue grew 21.5% a year over 2 years, FY24 to FY26. Operating margin widened to 7.5%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹818 Cr | ₹1.1k Cr | ₹1.2k Cr |
| Operating profit | ₹38 Cr | ₹54 Cr | ₹91 Cr |
| Operating margin | 4.6% | 5.1% | 7.5% |
| Interest | ₹15 Cr | ₹24 Cr | ₹36 Cr |
| Depreciation | ₹7 Cr | ₹8 Cr | ₹8 Cr |
| Net profit | ₹20 Cr | ₹29 Cr | ₹50 Cr |
| Net margin | 2.4% | 2.7% | 4.1% |
| Cash from operations | ₹-12 Cr | ₹-87 Cr | ₹24 Cr |
| Free cash flow | ₹-23 Cr | ₹-91 Cr | ₹-2 Cr |
| ROCE | 14.0% | 14.0% | 18.0% |
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 | ₹0 Cr | ₹18 Cr | ₹24 Cr | ₹26 Cr | ₹30 Cr | ₹30 Cr |
| Reserves | ₹13 Cr | ₹27 Cr | ₹104 Cr | ₹146 Cr | ₹239 Cr | ₹262 Cr |
| Borrowings | ₹16 Cr | ₹47 Cr | ₹85 Cr | ₹102 Cr | ₹223 Cr | ₹236 Cr |
| Other liabilities | ₹17 Cr | ₹30 Cr | ₹35 Cr | ₹129 Cr | ₹271 Cr | ₹391 Cr |
| Total liabilities | ₹46 Cr | ₹123 Cr | ₹248 Cr | ₹403 Cr | ₹762 Cr | ₹918 Cr |
| Fixed assets | ₹1 Cr | ₹51 Cr | ₹79 Cr | ₹91 Cr | ₹84 Cr | ₹85 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹3 Cr | ₹16 Cr |
| Investments | ₹5 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹37 Cr | ₹30 Cr |
| Other assets | ₹40 Cr | ₹68 Cr | ₹165 Cr | ₹307 Cr | ₹637 Cr | ₹787 Cr |
| Total assets | ₹46 Cr | ₹123 Cr | ₹248 Cr | ₹403 Cr | ₹762 Cr | ₹918 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, FIIs added +0.26 pp while the public trimmed −0.26 pp. The shareholder count grew 158% to 2,824.
- Promoters
- 66.5%
- FIIs
- 0.3%
- Public
- 33.2%
Since Jun 2025
- FIIs +0.26 pp
- Public −0.26 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Over this window the public fell from 36.0% to 33.2% — −2.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 64.0%, Public 36.0%.Dec '23: Promoters 64.0%, FIIs 0.1%, Public 36.0%.Mar '24: Promoters 66.0%, FIIs 0.1%, Public 33.9%.Jun '24: Promoters 63.5%, FIIs 0.1%, Public 36.4%.Sep '24: Promoters 63.5%, FIIs 0.0%, Public 36.4%.Dec '24: Promoters 67.4%, Public 32.6%.Mar '25: Promoters 67.4%, Public 32.6%.Jun '25: Promoters 66.5%, Public 33.5%.Sep '25: Promoters 66.5%, Public 33.5%.Dec '25: Promoters 66.5%, DIIs 0.4%, Public 33.1%.Mar '26: Promoters 66.5%, FIIs 0.0%, Public 33.5%.Jun '26: Promoters 66.5%, FIIs 0.3%, Public 33.2%.
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.
- Sunrise Gilts & Securities Private Limited +0.37 pp 1.83% held
The same filing shows 0 holders trimming and 0 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 Worldwide Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Chandragupt Prakash Mangal | 20.63% | unchanged |
| Vipin Prakash Mangal | 20.35% | unchanged |
| Chanakya Prakash Mangal | 14.90% | unchanged |
| Rashmi Mangal | 8.79% | unchanged |
| Kiran Jain | 1.87% | unchanged |
| Honey Mangal | 1.84% | unchanged |
| Sunrise Gilts & Securities Private Limited | 1.83% | +0.37 pp |
| Asha Garg | 1.33% | unchanged |
| Naresh Naratmal Garg | 1.33% | unchanged |
| Moneymart Securities Pvt Ltd | 1.01% | unchanged |
| Tanisha Mangal | 0.00% | 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 Worldwide Limited
Guides on how to read this kind of business and the numbers that matter.