Mangalam Organics Ltd (MANORG) AI Stock Analysis

• Market Cap: ₹4.55B
• Dividend Yield: N/A
• Average Volume (3M): 1.72K
• Price to Earnings (P/E): 19.7
• Beta (1Y): 1.04
• Revenue Growth: 11.14%
• EPS Growth: 309.69%
• Country: IN
• Employees: 307
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 14.28
• Shares Outstanding: 8,564,440
• 10 Day Avg. Volume: 584
• 30 Day Avg. Volume: 1,716
• PEG Ratio: 0.13
• Price to Book (P/B): 1.08
• Price to Sales (P/S): 0.60
• P/FCF Ratio: -4.22
• 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: ₹542.00
• Price Target Upside: 1.92% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 54 Neutral
• Price Target: ₹542.00 ▲(1.92% Upside)

The overall stock score is primarily influenced by weak financial performance and bearish technical indicators. While the company shows revenue growth and operational improvements, profitability and cash flow issues are concerning. The technical analysis indicates negative market sentiment, and the valuation is fair but not compelling. The absence of earnings call and corporate events data limits additional insights.

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 shows positive revenue growth and operational efficiency improvements, yet profitability and cash flow generation remain weak. The balance sheet reflects moderate leverage and stability, but the low return on equity and negative cash flow trends pose risks. Strategic focus on enhancing profitability and cash flow is essential to strengthen financial health.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.30B	5.30B	4.94B	4.93B	4.91B	3.38B
Gross Profit	2.57B	2.57B	1.13B	701.20M	1.47B	1.72B
EBITDA	589.13M	589.13M	390.38M	-24.27M	924.25M	1.28B
Net Income	125.97M	125.97M	42.86M	-272.25M	537.43M	847.79M
Balance Sheet
Total Assets	6.24B	6.24B	4.85B	5.06B	5.60B	3.11B
Cash, Cash Equivalents and Short-Term Investments	189.27M	189.27M	20.19M	12.79M	12.78M	343.55M
Total Debt	2.72B	2.72B	1.73B	1.90B	2.12B	243.11M
Total Liabilities	3.30B	3.30B	2.05B	2.30B	2.56B	596.26M
Stockholders Equity	2.93B	2.93B	2.81B	2.76B	3.04B	2.52B
Cash Flow
Free Cash Flow	0.00	-751.15M	327.48M	361.57M	-1.84B	-27.60M
Operating Cash Flow	0.00	-78.44M	727.23M	769.23M	-841.04M	262.79M
Investing Cash Flow	0.00	-670.47M	-395.09M	-407.80M	-995.25M	-281.47M
Financing Cash Flow	0.00	736.26M	-325.52M	-355.77M	1.83B	22.66M

Mangalam Organics Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 531.80
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANORG, the sentiment is Neutral. The current price of 531.8 is below the 20-day moving average (MA) of 563.21, below the 50-day MA of 536.77, and above the 200-day MA of 479.84, indicating a neutral trend. The MACD of -1.11 indicates Positive momentum. The RSI at 41.34 is Neutral, neither overbought nor oversold. The STOCH value of 13.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MANORG.

Mangalam Organics Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INTLCONV	81 Outperform	6.15B	5.50	25.35%	0.77%	11.59%	39.65%
AARTISURF	63 Neutral	3.92B	25.71	6.25%	0.22%	25.15%	-16.43%
MAHASTEEL	60 Neutral	6.73B	79.54	5.10%	―	2.99%	45.22%
MANGALAM	58 Neutral	1.14B	-11.69	4.51%	―	-16.39%	-410.09%
MANORG	54 Neutral	₹4.55B	19.67	―	―	11.14%	309.69%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%