Mangalam Cement Ltd (IN:MANGLMCEM)
:MANGLMCEM
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Mangalam Cement Ltd
(MANGLMCEM)
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Rating:50Neutral
Price Target:
₹839.00
▲(10.39% Upside)
Action:Reiterated
Date:05/22/26
The score is held back mainly by weakened cash generation (including deeply negative free cash flow in 2026) and a high P/E valuation. Technicals also lean bearish (below key short-term averages with negative MACD), partially offset by the profitability recovery and a generally workable balance sheet despite higher debt in 2026.
Positive Factors
Profitability Recovery
Earnings and margins improved in 2025–2026 versus the prior downturn, indicating the company can restore profitability through pricing, cost control or mix. A durable recovery in margins supports reinvestment capacity and strengthens medium-term cash generation potential despite prior volatility.
Negative Factors
Weak Cash Generation
A sharp swing to deeply negative free cash flow in 2026 signals strained internal funding from operations or heavy capex/working capital. Persistently weak FCF increases dependency on external financing, constrains capex or dividends, and heightens liquidity and refinancing risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Recovery
Earnings and margins improved in 2025–2026 versus the prior downturn, indicating the company can restore profitability through pricing, cost control or mix. A durable recovery in margins supports reinvestment capacity and strengthens medium-term cash generation potential despite prior volatility.
Read all positive factors
Mangalam Cement Ltd (MANGLMCEM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹23.20B
Dividend Yield0.19%
Average Volume (3M)1.76K
Price to Earnings (P/E)8.1
Beta (1Y)0.93
Revenue Growth4.61%
EPS Growth186.13%
CountryIN
Employees1,031
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)28.03
Shares Outstanding27,497,297
10 Day Avg. Volume1,236
30 Day Avg. Volume1,758
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)2.16
Price to Sales (P/S)1.20
P/FCF Ratio-8.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)73.8
Revenue Forecast (FY)₹20.29B
Mangalam Cement Ltd Business Overview & Revenue Model
Company Description
Mangalam Cement Limited manufactures and sells cement in India. The company offers Portland Pozzolana, 43 grade, and 53 grade cement under the Birla Uttam brand name. It also provides fly ash based PPC cement under the Mangalam ProMaxX brand name....
How the Company Makes Money
Mangalam Cement Ltd primarily makes money by manufacturing and selling cement. Its main revenue stream comes from domestic sales of cement to construction end-markets, typically through a network of dealers, distributors, and direct institutional ...
Mangalam Cement Ltd Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
62
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.88B | 17.58B | 16.81B | 17.25B | 17.92B | 15.64B |
| Gross Profit | 11.35B | 8.00B | 7.03B | 8.81B | 5.76B | 8.11B |
| EBITDA | 2.54B | 2.17B | 2.18B | 2.22B | 1.38B | 2.30B |
| Net Income | 770.84M | 1.29B | 450.63M | 597.17M | 171.23M | 777.05M |
Balance Sheet | ||||||
| Total Assets | 23.50B | 24.25B | 21.66B | 20.68B | 19.90B | 19.28B |
| Cash, Cash Equivalents and Short-Term Investments | 2.12B | 2.28B | 1.96B | 2.16B | 2.14B | 2.56B |
| Total Debt | 7.34B | 8.88B | 6.27B | 6.07B | 6.21B | 6.28B |
| Total Liabilities | 14.50B | 14.48B | 13.14B | 12.56B | 12.34B | 11.86B |
| Stockholders Equity | 9.00B | 9.77B | 8.52B | 8.12B | 7.56B | 7.42B |
Cash Flow | ||||||
| Free Cash Flow | -1.21B | -2.46B | 48.15M | 837.11M | 114.81M | 640.27M |
| Operating Cash Flow | 175.06M | 1.02B | 1.30B | 1.82B | 1.39B | 1.89B |
| Investing Cash Flow | -1.03B | -3.09B | -1.41B | -1.12B | -635.60M | -1.34B |
| Financing Cash Flow | 625.23M | 1.87B | 38.64M | -858.85M | -894.35M | -730.76M |
Mangalam Cement Ltd Technical Analysis
Neutral
760.05
Price Trends
863.76
Negative
830.04
Positive
785.85
Positive
Market Momentum
-12.72
Positive
42.57
Neutral
29.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANGLMCEM, the sentiment is Neutral. The current price of 760.05 is below the 20-day moving average (MA) of 891.79, below the 50-day MA of 863.76, and below the 200-day MA of 785.85, indicating a neutral trend. The MACD of -12.72 indicates Positive momentum. The RSI at 42.57 is Neutral, neither overbought nor oversold. The STOCH value of 29.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MANGLMCEM.
Mangalam Cement Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹20.72B | 37.48 | ― | 0.14% | 0.32% | -9.39% | |
62 Neutral | ₹28.01B | 11.38 | ― | 0.29% | 3.11% | 269.41% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | ₹6.77B | 7.13 | ― | 2.39% | 8.35% | 107.26% | |
50 Neutral | ₹23.20B | 8.08 | ― | 0.19% | 4.61% | 186.13% | |
48 Neutral | ₹8.30B | -467.16 | ― | 0.08% | -14.36% | 1135.72% | |
46 Neutral | ₹23.67B | -2,552.67 | ― | 0.33% | 17.38% | ― |
* Basic Materials Sector Average
IN:MANGLMCEM
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3.66%
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Mangalam Cement Ltd Corporate Events
Mangalam Cement files SEBI dematerialisation compliance certificate for March quarter
Apr 15, 2026
Mangalam Cement Ltd has reported that it has received a compliance certificate from its registrar and share transfer agent, Mas Services Limited, confirming adherence to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 201...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.