Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹485, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 17% over the past three years. Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹29.64 (vs ₹14.71 in FY 2025) Full year 2026 results: EPS: ₹29.64 (up from ₹14.71 in FY 2025). Revenue: ₹6.27b (up 18% from FY 2025). Net income: ₹257.6m (up 105% from FY 2025). Profit margin: 4.1% (up from 2.4% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • May 25
Mangalam Organics Limited to Report Q4, 2026 Results on May 29, 2026 Mangalam Organics Limited announced that they will report Q4, 2026 results on May 29, 2026 Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹537, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 23x in the Chemicals industry in India. Total returns to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹435, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 17% over the past three years. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹5.07 (vs ₹4.26 in 3Q 2025) Third quarter 2026 results: EPS: ₹5.07 (up from ₹4.26 in 3Q 2025). Revenue: ₹1.64b (up 33% from 3Q 2025). Net income: ₹43.3m (up 19% from 3Q 2025). Profit margin: 2.6% (down from 2.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Feb 03
Mangalam Organics Limited to Report Q3, 2026 Results on Feb 12, 2026 Mangalam Organics Limited announced that they will report Q3, 2026 results on Feb 12, 2026 New Risk • Jan 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 43% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (₹4.63b market cap, or US$51.6m). Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹448, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 25x in the Chemicals industry in India. Total loss to shareholders of 17% over the past three years. Announcement • Nov 05
Mangalam Organics Limited to Report Q2, 2026 Results on Nov 14, 2025 Mangalam Organics Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹565, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 26x in the Chemicals industry in India. Negligible returns to shareholders over past three years. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: ₹14.28 (vs ₹1.95 in 1Q 2025) First quarter 2026 results: EPS: ₹14.28 (up from ₹1.95 in 1Q 2025). Revenue: ₹1.51b (up 28% from 1Q 2025). Net income: ₹122.3m (up ₹105.6m from 1Q 2025). Profit margin: 8.1% (up from 1.4% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Aug 08
Mangalam Organics Limited, Annual General Meeting, Sep 16, 2025 Mangalam Organics Limited, Annual General Meeting, Sep 16, 2025. Announcement • Aug 02
Mangalam Organics Limited to Report Q1, 2026 Results on Aug 08, 2025 Mangalam Organics Limited announced that they will report Q1, 2026 results on Aug 08, 2025 New Risk • Jul 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Share price has been highly volatile over the past 3 months (8.3% average weekly change). Earnings have declined by 45% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹4.19b market cap, or US$48.5m). Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹466, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 30x in the Chemicals industry in India. Total loss to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to ₹573, the stock trades at a trailing P/E ratio of 39x. Average trailing P/E is 26x in the Chemicals industry in India. Total loss to shareholders of 16% over the past three years. New Risk • May 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings have declined by 45% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₹3.53b market cap, or US$41.6m). Reported Earnings • May 12
Full year 2025 earnings released: EPS: ₹14.60 (vs ₹5.15 in FY 2024) Full year 2025 results: EPS: ₹14.60 (up from ₹5.15 in FY 2024). Revenue: ₹5.30b (up 7.5% from FY 2024). Net income: ₹126.0m (up 186% from FY 2024). Profit margin: 2.4% (up from 0.9% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹437, the stock trades at a trailing P/E ratio of 37.3x. Average trailing P/E is 25x in the Chemicals industry in India. Total loss to shareholders of 45% over the past three years. Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: ₹4.26 (vs ₹1.05 in 3Q 2024) Third quarter 2025 results: EPS: ₹4.26 (up from ₹1.05 in 3Q 2024). Revenue: ₹1.24b (up 12% from 3Q 2024). Net income: ₹36.4m (up 305% from 3Q 2024). Profit margin: 2.9% (up from 0.8% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Announcement • Sep 10
Mangalam Organics Limited Appoints Charmi Shah as Company Secretary, Compliance Officer and Nodal Officer of the Company Mangalam Organics Limited announced that based on the recommendation of Nomination and Remuneration Committee, the Board of Directors of the Company, at their Meeting held on September 10, 2024, has considered and approved the appointment of Ms. Charmi Shah as the Company Secretary, Compliance Officer and Nodal Officer of the Company (designated as Key Managerial Personnel) effective September 10, 2024 in terms of the Companies Act, 2013 and Rules framed thereunder and pursuant to Regulation 6 of Listing Regulations. Professional Qualification: Company Secretary and L.L.B. Academic Qualification: B.Com from Mumbai University. Work Experience: Having experience of more than 2 years in the Secretarial and Compliance field. Recent Insider Transactions • Sep 03
Executive Chairman recently bought ₹178m worth of stock On the 2nd of September, Kamal Kumar Dujodwala bought around 320k shares on-market at roughly ₹557 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Kamal Kumar's only on-market trade for the last 12 months. Announcement • Aug 12
Mangalam Organics Limited, Annual General Meeting, Sep 14, 2024 Mangalam Organics Limited, Annual General Meeting, Sep 14, 2024. Announcement • Aug 10
Mangalam Organics Limited Approves the Reconstitution of the Committees Mangalam Organics Limited announce that at its board meeting held on August 10, 2024, on recommendation of the Nomination and Remuneration Committee, the Board of Directors has approved the reconstitution of the following committees, effective from August 10, 2024: Audit Committee Mrs. Manisha Agarwal – Chairperson; Mr. Sanjay Bhiva Kadam – Member; Mr. Kamalkumar Dujodwala – Member. Nomination and Remuneration Committee: Mrs. Manisha Agarwal – Chairperson; Mr. Sanjay Bhiva Kadam – Member; Mr. Kamalkumar Dujodwala – Member. Stakeholder Relationship Committee: Mrs. Manisha Agarwal – Chairperson; Mr. Sanjay Bhiva Kadam – Member; Mr. Kamalkumar Dujodwala – Member. Corporate Social Responsibility Committee: Mrs. Manisha Agarwal – Chairperson; Mr. Sanjay Bhiva Kadam – Member; Mr. Kamalkumar Dujodwala – Member. Reported Earnings • Jul 27
First quarter 2025 earnings released: EPS: ₹1.95 (vs ₹0.36 in 1Q 2024) First quarter 2025 results: EPS: ₹1.95 (up from ₹0.36 in 1Q 2024). Revenue: ₹1.18b (up 8.1% from 1Q 2024). Net income: ₹16.7m (up 446% from 1Q 2024). Profit margin: 1.4% (up from 0.3% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • Jul 18
Mangalam Organics Limited to Report Q1, 2025 Results on Jul 26, 2024 Mangalam Organics Limited announced that they will report Q1, 2025 results on Jul 26, 2024 Announcement • Jul 15
Mangalam Organics Limited Announces Resignation of Sharad Kumar Saraf as Independent Director Mangalam Organics Limited announced that Mr. Sharad Kumar Saraf, vide letter dated July 15, 2024 has tendered his resignation as an Independent Director of the Company, with effect from close of business hours on July 15, 2024 due to other professional commitments and pre-occupations. Names of listed entities in which the resigning director holds directorships, indicating the category of directorship and membership of board committees, if any: Technocraft Industries (India) Limited: Managing Director, Member of Stakeholders Relationship Committee, Chairman of Corporate Social Responsibility, Chairman of Risk Management Committee. Announcement • Jul 05
Mangalaim Organics Limited (BSE:514418) acquired the remaining 10% stake in Mangalam Pooja Stores Private Limited from Sandeep Shriya for INR 0.1 million Mangalaim Organics Limited (BSE:514418) acquired the remaining 10% stake in Mangalam Pooja Stores Private Limited from Sandeep Shriya for INR 0.1 million on July 4, 2024.Mangalam Organics Limited (BSE:514418) completed the acquisition of the remaining 10% stake in Mangalam Pooja Stores Private Limited from Sandeep Shriya on July 4, 2024. Announcement • Jun 13
Mangalam Organics Limited Announces Resignation of Nitin Kore as Company Secretary and Compliance Officer Mangalam Organics Limited announced the resignation of Nitin Kore as Company Secretary and Compliance Officer, with effect from close of business hours of June 12, 2024, For career opportunity. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹5.02 (vs ₹31.79 loss in FY 2023) Full year 2024 results: EPS: ₹5.02 (up from ₹31.79 loss in FY 2023). Revenue: ₹4.94b (flat on FY 2023). Net income: ₹42.9m (up ₹315.1m from FY 2023). Profit margin: 0.9% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: ₹1.05 (vs ₹0.57 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.05 (up from ₹0.57 in 3Q 2023). Revenue: ₹1.11b (down 15% from 3Q 2023). Net income: ₹8.99m (up 83% from 3Q 2023). Profit margin: 0.8% (up from 0.4% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. New Risk • Nov 11
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 29% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (₹3.40b market cap, or US$40.8m). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹0.36 (vs ₹8.05 loss in 1Q 2023) First quarter 2024 results: EPS: ₹0.36 (up from ₹8.05 loss in 1Q 2023). Revenue: ₹1.09b (up 4.5% from 1Q 2023). Net income: ₹3.06m (up ₹72.0m from 1Q 2023). Profit margin: 0.3% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Aug 12
Mangalam Organics Limited, Annual General Meeting, Sep 29, 2023 Mangalam Organics Limited, Annual General Meeting, Sep 29, 2023. Announcement • Aug 04
Mangalam Organics Limited to Report Q1, 2024 Results on Aug 11, 2023 Mangalam Organics Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Reported Earnings • May 28
Full year 2023 earnings released: ₹31.63 loss per share (vs ₹62.75 profit in FY 2022) Full year 2023 results: ₹31.63 loss per share (down from ₹62.75 profit in FY 2022). Revenue: ₹4.93b (flat on FY 2022). Net loss: ₹272.2m (down 151% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • May 19
Mangalam Organics Limited to Report Fiscal Year 2023 Results on May 26, 2023 Mangalam Organics Limited announced that they will report fiscal year 2023 results on May 26, 2023 Reported Earnings • Jan 29
Third quarter 2023 earnings released: EPS: ₹0.57 (vs ₹17.66 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.57 (down from ₹17.66 in 3Q 2022). Revenue: ₹1.30b (up 11% from 3Q 2022). Net income: ₹4.92m (down 97% from 3Q 2022). Profit margin: 0.4% (down from 13% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Jan 20
Mangalam Organics Limited to Report Q3, 2023 Results on Jan 27, 2023 Mangalam Organics Limited announced that they will report Q3, 2023 results on Jan 27, 2023 Announcement • Jan 12
Mangalam Organics Limited Announces Director Appointments Mangalam Organics Limited approved appointment of Mr. Sanjay Bhiva Kadam (DIN:09826377), as an Independent Director of the Company and the appointment of Mr. Sidharath Singh Sekhon, (DIN: 01983046), as an Independent Director of the Company. Announcement • Dec 09
Mangalam Organics Limited Announces Resignation of Narayan Baheti as Independent Director Mangalam Organics Limited informed that Shree Narayan Baheti Independent Director has resigned from the Board of Directors effective December 07, 2022. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 17% share price gain to ₹625, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 102% over the past three years. Upcoming Dividend • Sep 13
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 20 September 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 4.0% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.7%). Reported Earnings • Aug 15
First quarter 2023 earnings released: ₹8.05 loss per share (vs ₹17.50 profit in 1Q 2022) First quarter 2023 results: ₹8.05 loss per share (down from ₹17.50 profit in 1Q 2022). Revenue: ₹1.05b (down 1.0% from 1Q 2022). Net loss: ₹68.9m (down 146% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 01
Mangalam Organics Limited to Report Q1, 2023 Results on Aug 14, 2022 Mangalam Organics Limited announced that they will report Q1, 2023 results on Aug 14, 2022 Announcement • Jun 30
Mangalam Organics Announces Appointment of Shachi Sanghavi as Company Secretary and Compliance Officer Mangalam Organics Limited's approved at the boar meeting held on June 29, 2022 appointment of Ms. Shachi Sanghavi, member of the Institute of Company Secretaries of India Holding as company secretary and compliance officer with effect from June 29, 20222. Company Secretary:August 2019. LLB (Mumbai University): October 2020. Academic qualification: Bachelor in Commerce (Narsee Monjee College of Commerce and Economics): April 2017. Assisted the Secretarial Department at The Indian Hotels Company Limited from November 2019 to March 2022. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹538, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 16x in the Chemicals industry in India. Total returns to shareholders of 50% over the past three years. Announcement • Jun 02
Mangalam Organics Limited Announces Resignation of Ms. Heena Lukha as Company Secretary & Compliance Officer Mangalam Organics Limited Ms. Heena Lukha (Maiden name:- Heena Tank), Company Secretary & Compliance Officer of the Company has tendered her resignation due to personal reasons and she ceases to be the Company Secretary & Compliance Officer with effect from close of business hours of June 1,2022. Ms. Heena Lukha (Maiden name:- Heena Tank) has tendered her resignation as Company Secretary & Compliance Officer (KMP) of the Company due to personal reasons. The letter of resignation is enclosed herewith. Ms. Heena Lukha has been associated as a Company Secretary & Compliance Officer with the Company since March 19, 2019. Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹62.68 (vs ₹99.11 in FY 2021) Full year 2022 results: EPS: ₹62.68 (down from ₹99.11 in FY 2021). Revenue: ₹4.92b (up 46% from FY 2021). Net income: ₹537.4m (down 37% from FY 2021). Profit margin: 11% (down from 25% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 14% per year. Announcement • May 28
Mangalam Organics Limited Recommends Final Dividend for the Financial Year Ended March 31, 2022 Mangalam Organics Limited at its board meeting held on May 27, 2022 recommended final dividend of INR 1.50 per share for the financial year ended March 31, 2022. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹880, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 118% over the past three years. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹17.66 (down from ₹34.65 in 3Q 2021). Revenue: ₹1.18b (up 9.1% from 3Q 2021). Net income: ₹151.2m (down 49% from 3Q 2021). Profit margin: 13% (down from 28% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 27
Second quarter 2022 earnings released: EPS ₹26.05 (vs ₹16.73 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: ₹1.43b (up 66% from 2Q 2021). Net income: ₹223.1m (up 56% from 2Q 2021). Profit margin: 16% (down from 17% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 22% per year. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 16% share price gain to ₹874, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 91% over the past three years. Upcoming Dividend • Sep 16
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 23 September 2021. Payment date: 29 October 2021. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.7%). Reported Earnings • Jul 22
First quarter 2022 earnings released: EPS ₹17.50 (vs ₹9.14 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: ₹1.06b (up 117% from 1Q 2021). Net income: ₹149.9m (up 92% from 1Q 2021). Profit margin: 14% (down from 16% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 15% share price gain to ₹831, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 302% over the past three years. Announcement • May 28
Mangalam Organics Limited Recommends Dividend for the Financial Year Ended March 31, 2021 The Board of Directors of Mangalam Organics Limited has recommended a final Dividend of 15% i.e. INR 1.5 per Equity Share of the face value of INR 10 each for the financial year ended March 31, 2021. Reported Earnings • May 28
Full year 2021 earnings released: EPS ₹98.82 (vs ₹55.97 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹3.39b (down 9.7% from FY 2020). Net income: ₹848.8m (up 77% from FY 2020). Profit margin: 25% (up from 13% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 24% share price gain to ₹753, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 229% over the past three years. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improved over the past week After last week's 17% share price gain to ₹571, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 164% over the past three years. Is New 90 Day High Low • Feb 12
New 90-day high: ₹557 The company is up 31% from its price of ₹427 on 14 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 17% over the same period. Reported Earnings • Jan 23
Third quarter 2021 earnings released: EPS ₹34.65 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹1.08b (up 34% from 3Q 2020). Net income: ₹296.8m (up ₹259.1m from 3Q 2020). Profit margin: 28% (up from 4.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 19
New 90-day high: ₹480 The company is up 11% from its price of ₹434 on 21 October 2020. The Indian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 20% over the same period. Announcement • Jan 15
Mangalam Organics Limited to Report Q3, 2021 Results on Jan 22, 2021 Mangalam Organics Limited announced that they will report Q3, 2021 results on Jan 22, 2021 Valuation Update With 7 Day Price Move • Oct 23
Market bids up stock over the past week After last week's 18% share price gain to ₹478, the stock is trading at a trailing P/E ratio of 9.5x, up from the previous P/E ratio of 8.1x. This compares to an average P/E of 15x in the Chemicals industry in India. Total returns to shareholders over the past three years are 351%. Announcement • Jun 28
Mangalam Organics Limited to Report Q4, 2020 Results on Jun 30, 2020 Mangalam Organics Limited announced that they will report Q4, 2020 results on Jun 30, 2020 