Mangalam Organics Ltd (MANORG) AI Stock Analysis

• Market Cap: ₹4.39B
• Dividend Yield: N/A
• Average Volume (3M): 1.06K
• Price to Earnings (P/E): 19.0
• Beta (1Y): 0.90
• Revenue Growth: 11.14%
• EPS Growth: 308.52%
• Country: IN
• Employees: 307
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Chemicals - Specialty
• EPS (TTM): 14.28
• Shares Outstanding: 8,564,440
• 10 Day Avg. Volume: 414
• 30 Day Avg. Volume: 1,059
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹530.00
• Price Target Upside: 8.57% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 57 Neutral
• Price Target: ₹530.00 ▲(8.57% Upside)

Mangalam Organics' overall stock score is primarily influenced by its financial performance, which shows revenue growth and operational efficiency but is hampered by weak profitability and cash flow issues. Technical analysis indicates bearish momentum, while valuation is moderate. The absence of earnings call data and corporate events means these factors do not impact the score.

Mangalam Organics Ltd Business Overview & Revenue Model

Company Description

Mangalam Organics Ltd (MANORG) is a leading manufacturer in the chemical industry, primarily engaged in the production and distribution of terpene and resin-based products. The company operates in sectors including industrial chemicals, essential oils, and specialty chemicals, catering to a variety of industries such as paints, adhesives, rubber, and pharmaceuticals. With a focus on sustainability and innovation, Mangalam Organics Ltd has established itself as a key player in the organic chemicals market.

How the Company Makes Money

Mangalam Organics Ltd generates revenue through the manufacturing and sale of its core product lines, which include terpene and resin-based chemicals. These products are essential raw materials for various industrial applications, including the production of adhesives, coatings, and fragrances. The company earns money by supplying these chemicals to a diverse customer base across multiple industries. Additionally, Mangalam Organics may engage in strategic partnerships and contracts with other industrial players to enhance its market reach and distribution capabilities, further contributing to its revenue streams.

Mangalam Organics Ltd Financial Statement Overview

Summary

Mangalam Organics demonstrated strong revenue growth and improved gross profit margins. However, the low net profit margin, negative free cash flow, and low return on equity indicate profitability and liquidity challenges.

Income Statement

Mangalam Organics exhibited a strong revenue growth of 7.39% from 2024 to 2025, with an improved gross profit margin of 48.40% in 2025, up from 22.89% in 2024. However, the net profit margin remains low at 2.38% due to increased expenses, limiting profitability. The EBIT and EBITDA margins also show improvement, indicating efficient operations despite the low net income.

Balance Sheet

The company has a moderate debt-to-equity ratio of 0.93 in 2025, indicating a balanced use of debt and equity. The return on equity (ROE) is low at 4.29%, reflecting limited profitability relative to shareholder investment. The equity ratio is satisfactory at 47.02%, suggesting a stable financial structure but highlighting potential risks if profits do not improve.

Cash Flow

Cash flow performance is concerning, with negative free cash flow growth of -329.40% from 2024 to 2025. Operating cash flow turned negative, indicating cash generation issues. The operating cash flow to net income ratio is negative, suggesting operational inefficiencies. These factors pose a risk to liquidity and future investment capability.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	5.30B	4.94B	4.93B	4.91B	3.38B
Gross Profit	2.57B	1.13B	701.20M	1.47B	1.72B
EBITDA	589.13M	390.38M	-24.27M	924.25M	1.28B
Net Income	125.97M	42.86M	-272.25M	537.43M	847.79M
Balance Sheet
Total Assets	6.24B	4.85B	5.06B	5.60B	3.11B
Cash, Cash Equivalents and Short-Term Investments	189.27M	20.19M	12.79M	12.78M	343.55M
Total Debt	2.72B	1.73B	1.90B	2.12B	243.11M
Total Liabilities	3.30B	2.05B	2.30B	2.56B	596.26M
Stockholders Equity	2.93B	2.81B	2.76B	3.04B	2.52B
Cash Flow
Free Cash Flow	-751.15M	327.48M	361.57M	-1.84B	-27.60M
Operating Cash Flow	-78.44M	727.23M	769.23M	-841.04M	262.79M
Investing Cash Flow	-670.47M	-395.09M	-407.80M	-995.25M	-281.47M
Financing Cash Flow	736.26M	-325.52M	-355.77M	1.83B	22.66M

Mangalam Organics Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 488.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANORG, the sentiment is Negative. The current price of 488.15 is below the 20-day moving average (MA) of 495.04, below the 50-day MA of 545.56, and above the 200-day MA of 469.16, indicating a neutral trend. The MACD of -21.41 indicates Negative momentum. The RSI at 34.72 is Neutral, neither overbought nor oversold. The STOCH value of 43.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MANORG.

Mangalam Organics Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAHASTEEL	74 Outperform	₹5.50B	67.18		―	2.99%	45.21%
INTLCONV	67 Neutral	₹5.37B	5.86		1.30%	13.38%	47.27%
AARTISURF	63 Neutral	₹3.95B	25.86		―	25.15%	-16.39%
MANGALAM	58 Neutral	₹1.16B	19.78		―	-16.39%	-409.96%
MANORG	57 Neutral	₹4.39B	19.01		―	11.14%	308.52%
Sector *	44 Neutral	C$923.76M	-8.68	-0.23%	2.69%	24.53%	-41.45%