Mangalam Worldwide share price & results
- Sept 2026
- Sept 2026
Gujarat-based fully integrated stainless-steel manufacturer making SS billets/ingots, flat/round/bright bars and seamless/welded pipes & tubes across four plants.
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 | 360 | +13.6% YoY | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. |
| Operating margin | 11.0 | +5.0 pts YoY | Operating profit / revenue | Quarter to Sept 2026 | For the quarter; a change is in percentage points. |
| Net profit | 14.0 | +27.3% YoY | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. |
| Return on equity | 16.53 | +5.1 pts | Trailing twelve months | TTM to Sept 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 1.99 | +10.2 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 8.76 | −15.7 pts | Trailing twelve months | TTM to Sept 2026 | Revenue change against the same period one year earlier. |
Price
Performance −84.0% 1Y
1Y: ₹238.74 on 24 Oct 2025 → ₹38.25. High ₹381.1 (27 May 2026), low ₹35.7 (29 Jul 2026).
- Previous close
- ₹36.58
- Market cap
- ₹1.1k Cr
- 52-week range
- ₹35.7 – ₹381.1
- One year
- −83.77%
- Price to earnings (TTM to Sept 2026)
- 19.79×
- Return on equity (TTM to Sept 2026)
- 16.53%
Overview
- Symbol
- NSE:MWL
- Sector
- Metals & Mining
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What Mangalam Worldwide Limited does
Based on the company's own presentations, annual report and earnings calls.
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+
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +27% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 270 | 324 | 276 | 317 | 350 | 265 | 316 | 360 |
| Expenses | 255 | 309 | 260 | 297 | 324 | 237 | 288 | 321 |
| Operating profit | 15 | 15 | 16 | 21 | 26 | 28 | 29 | 39 |
| Operating margin | 6.0% | 4.6% | 6.0% | 6.0% | 7.0% | 10.0% | 9.0% | 11.0% |
| Other income | 2 | 2 | 4 | 1 | 0 | 2 | 1 | 1 |
| Interest | 7 | 7 | 7 | 9 | 10 | 10 | 14 | 18 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 4 |
| Profit before tax | 8 | 8 | 10 | 10 | 14 | 16 | 12 | 18 |
| Tax rate | −1.0% | −2.0% | −3.0% | −2.0% | 1.0% | 6.0% | 5.0% | 22.0% |
| Net profit | 8 | 8 | 10 | 11 | 14 | 15 | 12 | 14 |
| EPS (₹ per share) | 0.27 | 0.29 | 0.34 | 0.35 | 0.47 | 0.52 | 0.40 | 0.47 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 818 | 1,061 | 1,208 |
| Expenses | 781 | 1,007 | 1,118 |
| Operating profit | 38 | 54 | 91 |
| Other income | 4 | 7 | 7 |
| Interest | 15 | 24 | 36 |
| Depreciation | 7 | 8 | 8 |
| Profit before tax | 20 | 29 | 50 |
| Net profit | 20 | 29 | 50 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 24 | 26 | 30 | 30 | 30 | 30 |
| Reserves | 104 | 146 | 218 | 239 | 262 | 294 |
| Borrowings | 85 | 102 | 192 | 223 | 236 | 385 |
| Other liabilities | 35 | 129 | 187 | 271 | 391 | 503 |
| Total liabilities | 248 | 403 | 627 | 762 | 918 | 1,212 |
| Fixed assets | 79 | 91 | 88 | 84 | 85 | 146 |
| Capital work in progress | 0 | 2 | 0 | 3 | 16 | 6 |
| Investments | 4 | 4 | 32 | 37 | 30 | 49 |
| Other assets | 165 | 307 | 507 | 637 | 787 | 1,010 |
| Total assets | 248 | 403 | 627 | 762 | 918 | 1,212 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 6 | 2 | -61 | -12 | -87 | 24 |
| Cash from investing | 0 | -42 | -38 | -19 | -7 | -25 |
| Cash from financing | -5 | 44 | 98 | 26 | 94 | 2 |
| Net cash flow | 1 | 4 | -1 | -4 | 0 | 1 |
| Free cash flow | 6 | -50 | -97 | -23 | -91 | -2 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 12 | 11 | 30 | 44 | 58 | 49 |
| Inventory days | 42 | 31 | 46 | 84 | 123 | 179 |
| Days payable | 27 | 16 | 9 | 28 | 50 | 44 |
| Cash conversion cycle | 27 | 26 | 67 | 100 | 131 | 184 |
| Working capital days | 7 | -8 | 31 | 40 | 48 | 78 |
| Return on capital employed | 20.0% | 18.0% | 10.0% | 14.0% | 14.0% | 18.0% |
| Dividend payout | 0.0% | 15.0% | 15.0% | 13.0% | 2.0% | 2.0% |
Ownership
Who owns it
Promoters hold 66.50% as of Sept 2026; institutions cut 0.21 pts since Jun 2026.
- Promoters 66.50%
- Foreign institutions 0.05%
- Domestic institutions 0.00%
- Public 33.46%
Who is on the register
Named in the Sep 2026 filing
Every holder of Mangalam Worldwide Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 20.63% | unchanged | |
| 20.35% | unchanged | |
| 14.90% | unchanged | |
| 8.79% | unchanged | |
| 1.90% | unchanged | |
| 1.84% | unchanged | |
| 1.81% | unchanged | |
| 1.33% | unchanged | |
| 1.33% | unchanged | |
| 1.01% | 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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