Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹32.10, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total loss to shareholders of 35% over the past year. Reported Earnings • Jun 01
Full year 2026 earnings released: EPS: ₹5.94 (vs ₹5.41 in FY 2025) Full year 2026 results: EPS: ₹5.94 (up from ₹5.41 in FY 2025). Revenue: ₹4.41b (up 2.3% from FY 2025). Net income: ₹146.8m (up 9.9% from FY 2025). Profit margin: 3.3% (up from 3.1% in FY 2025). The increase in margin was driven by higher revenue. Announcement • May 26
Mangalam Alloys Limited to Report Fiscal Year 2026 Results on May 29, 2026 Mangalam Alloys Limited announced that they will report fiscal year 2026 results on May 29, 2026 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹39.30, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 30% over the past year. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹33.00, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 20x in the Metals and Mining industry in India. Total returns to shareholders of 3.8% over the past year. New Risk • Mar 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹901.0m (US$9.78m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Market cap is less than US$10m (₹901.0m market cap, or US$9.78m). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹41.85, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 32% over the past year. Announcement • Nov 12
Mangalam Alloys Limited to Report First Half, 2026 Results on Nov 13, 2025 Mangalam Alloys Limited announced that they will report first half, 2026 results on Nov 13, 2025 Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹53.70, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 40% over the past year. New Risk • Oct 03
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 6.9% 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 Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₹1.38b market cap, or US$15.5m). Board Change • Sep 22
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Sarat Chandra was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 08
Mangalam Alloys Limited, Annual General Meeting, Sep 30, 2025 Mangalam Alloys Limited, Annual General Meeting, Sep 30, 2025, at 17:30 Indian Standard Time. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹62.75, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 55% over the past year. New Risk • Jun 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.9% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (₹1.19b market cap, or US$14.0m). Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹40.30, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total returns to shareholders of 2.9% over the past year. New Risk • Apr 03
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 10.0% 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 Debt is not well covered by operating cash flow (4.9% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10.0% average weekly change). Market cap is less than US$10m (₹780.1m market cap, or US$9.13m). Minor Risk Profit margins are more than 30% lower than last year (1.8% net profit margin). Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹27.00, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total loss to shareholders of 20% over the past year. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹32.45, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 20x in the Metals and Mining industry in India. Total loss to shareholders of 33% over the past year. New Risk • Feb 27
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 8.9% 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 Debt is not well covered by operating cash flow (4.9% operating cash flow to total debt). Market cap is less than US$10m (₹780.1m market cap, or US$8.95m). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹30.00, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total loss to shareholders of 38% over the past year. New Risk • Feb 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹856.6m (US$9.79m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.9% operating cash flow to total debt). Market cap is less than US$10m (₹856.6m market cap, or US$9.79m). Minor Risk Profit margins are more than 30% lower than last year (1.8% net profit margin). Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹43.90, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 26x in the Metals and Mining industry in India. Total loss to shareholders of 25% over the past year. New Risk • Nov 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.8% Last year net profit margin: 4.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (4.9% operating cash flow to total debt). Minor Risks Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (₹913.4m market cap, or US$10.8m). Board Change • Nov 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Sarat Chandra was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹45.15, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 26x in the Metals and Mining industry in India. Announcement • Aug 06
Mangalam Alloys Limited Announces Resignation of Karuna Santoshkumar Khatri as Director Mangalam Alloys Limited announced resignation of Karuna Santoshkumar Khatri as director, Due to personal and unavoidable circumstances with effect from 06th August, 2024. Announcement • Aug 02
Mangalam Alloys Limited, Annual General Meeting, Aug 28, 2024 Mangalam Alloys Limited, Annual General Meeting, Aug 28, 2024, at 15:00 Indian Standard Time. Location: m/s. plot no. 3123-3126, gidc phase iii, chhatral, dist., gandhinagar, gujarat- 382729., gandhinagar India Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹5.29 (vs ₹5.46 in FY 2023) Full year 2024 results: EPS: ₹5.29. Revenue: ₹3.06b (flat on FY 2023). Net income: ₹114.7m (up 13% from FY 2023). Profit margin: 3.8% (up from 3.3% in FY 2023). New Risk • May 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹999.8m market cap, or US$12.0m). Announcement • May 18
Mangalam Alloys Limited Approves the Appointment of Sonam Pandey as the Company Secretary and Compliance Officer of the Company The board of Mangalam Alloys Limited approved the appointment of Ms. Sonam Pandey (ACS:67964) as the Company Secretary and Compliance Officer of the Company, effective May 17, 2024. Ms. Sonam Pandey is an Associate Member of the Institute of Company Secretaries of India. She has Undergone 15 months Apprenticeship training at Aanal Satywadi & Co. under the guidance of CS Aanal Satyawadi, Ahmedabad. Having 1 Year of experience as an assistant company secretary at Lokesh Sharma & Associates PCS Firm. Announcement • May 16
Mangalam Alloys Limited Announces Resignation of Manmeetkaur Harshdeepsingh Bhatia as Company Secretary and Compliance Officer Mangalam Alloys Limited informed that Ms. Manmeetkaur Harshdeepsingh Bhatia (Membership No: A49747) has submitted her resignation as the Company Secretary and Compliance Officer and as the Key Managerial personnel of the Company with effect from the close of business hours on 15t May, 2024. She has decided to move on to pursue opportunities outside the Company. Ms. Manmeetkaur Harshdeepsingh Bhatia has been associated with the Company since 01st February, 2020 as Company Secretary and Compliance Officer of the Company. From 15t May, 2024 till the date of joining of new company secretary in interim Mr. Tushar Uttamchand Mehta, Managing Director of the company will discharge all the functions related to Compliance officer of the Company. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹44.30, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 24x in the Metals and Mining industry in India. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹33.85, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 22x in the Metals and Mining industry in India. Reported Earnings • Nov 11
First half 2024 earnings released First half 2024 results: EPS: ₹3.23. Net income: ₹60.1m (up ₹60.1m from 1H 2023). Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹57.35, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 20x in the Metals and Mining industry in India. 
