Mangalam Organics Ltd (MANORG) AI Stock Analysis

• Market Cap: ₹3.61B
• Dividend Yield: N/A
• Average Volume (3M): 489.00
• Price to Earnings (P/E): 24.3
• Beta (1Y): 1.04
• Revenue Growth: 22.53%
• EPS Growth: 237.55%
• Country: IN
• Employees: 307
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 5.06
• Shares Outstanding: 8,564,440
• 10 Day Avg. Volume: 561
• 30 Day Avg. Volume: 489
• PEG Ratio: 0.14
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: ₹450.00 ▼(-7.26% Downside)
• Action: Reiterated Date: 04/09/26
• Date: Action: Reiterated 04/09/26

The score is primarily held back by weak profitability and deteriorating cash flow (including negative operating cash flow), despite solid revenue growth and improved gross/operating margins. Technicals are mixed with short-term strength but longer-term weakness, and valuation (P/E 24.261) appears only moderately attractive without dividend yield support.

Positive Factors

Improving gross margins and revenue growth

A sharp improvement in gross margin alongside positive revenue growth indicates the company has improved product pricing, cost structure, or product mix. For a specialty chemical maker, sustainably higher gross margins support operational leverage, resilience to input cost swings, and the ability to fund reinvestment if cash conversion normalizes.

Negative Factors

Negative operating cash flow and weak FCF

Negative operating cash flow and a severe decline in free cash flow are durable risks: earnings are not converting to cash, which constrains capital expenditures, working capital funding, and debt servicing. Over months this forces reliance on external financing or asset reductions, hampering strategic execution.

Mangalam Organics Ltd Business Overview & Revenue Model

Company Description

Mangalam Organics Limited manufactures, supplies, and exports terpene chemicals and synthetic resins in India. It operates through Terpene Operations and Synthetic Resin Operations segment. The company offers terpene products, including camphor, c...

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Mangalam Organics Limited manufactures, supplies, and exports terpene chemicals and synthetic resins in India. It operates through Terpene Operations and Synthetic Resin Operations segment. The company offers terpene products, including camphor, c...

How the Company Makes Money

Mangalam Organics makes money primarily by manufacturing and selling terpene-based specialty chemicals to business customers. Its core revenue stream is product sales—most notably synthetic camphor—and other pine/terpene derivatives and related sp...

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Mangalam Organics makes money primarily by manufacturing and selling terpene-based specialty chemicals to business customers. Its core revenue stream is product sales—most notably synthetic camphor—and other pine/terpene derivatives and related sp...

Mangalam Organics Ltd Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	5.78B	5.30B	4.94B	4.93B	4.91B	3.38B
Gross Profit	2.59B	2.57B	1.13B	701.20M	1.47B	1.72B
EBITDA	783.42M	589.13M	390.38M	-24.27M	924.25M	1.28B
Net Income	242.13M	125.97M	42.86M	-272.25M	537.43M	847.79M
Balance Sheet
Total Assets	7.29B	6.24B	4.85B	5.06B	5.60B	3.11B
Cash, Cash Equivalents and Short-Term Investments	411.72M	189.27M	20.19M	12.79M	12.78M	343.55M
Total Debt	3.52B	2.72B	1.73B	1.90B	2.12B	243.11M
Total Liabilities	4.21B	3.30B	2.05B	2.30B	2.56B	596.26M
Stockholders Equity	3.09B	2.93B	2.81B	2.76B	3.04B	2.52B
Cash Flow
Free Cash Flow	-769.42M	-751.15M	327.48M	361.57M	-1.84B	-27.60M
Operating Cash Flow	-281.34M	-78.44M	727.23M	769.23M	-841.04M	262.79M
Investing Cash Flow	-381.05M	-670.47M	-395.09M	-407.80M	-995.25M	-281.47M
Financing Cash Flow	673.44M	736.26M	-325.52M	-355.77M	1.83B	22.66M

Mangalam Organics Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 485.25
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• 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 Positive. The current price of 485.25 is above the 20-day moving average (MA) of 401.04, above the 50-day MA of 414.63, and below the 200-day MA of 492.92, indicating a neutral trend. The MACD of -1.00 indicates Negative momentum. The RSI at 55.47 is Neutral, neither overbought nor oversold. The STOCH value of 75.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	70 Outperform	₹4.70B	4.73	―	0.81%	34.91%	-19.40%
AARTISURF	63 Neutral	₹3.38B	22.44	―	0.25%	28.46%	-2.09%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MAHASTEEL	61 Neutral	₹15.73B	215.61	―	―	11.83%	124.74%
MANORG	57 Neutral	₹3.61B	24.26	―	―	22.53%	237.55%
MANGALAM	50 Neutral	₹493.52M	-1.11	―	―	-24.55%	-310.57%