New Risk • 17h
New major risk - Revenue and earnings growth Earnings have declined by 5.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings have declined by 5.5% per year over the past 5 years. Upcoming Dividend • Aug 07
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 14 August 2026. Payment date: 20 September 2026. Payout ratio is a comfortable 3.2% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (0.5%). Reported Earnings • Jul 31
Full year 2026 earnings released: EPS: ₹46.90 (vs ₹16.39 in FY 2025) Full year 2026 results: EPS: ₹46.90 (up from ₹16.39 in FY 2025). Revenue: ₹17.6b (up 4.6% from FY 2025). Net income: ₹1.29b (up 186% from FY 2025). Profit margin: 7.3% (up from 2.7% in FY 2025). Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 3.1% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 42% per year. Duyuru • Jul 27
Mangalam Cement Limited to Report Q1, 2027 Results on Aug 08, 2026 Mangalam Cement Limited announced that they will report Q1, 2027 results at 12:15 PM, Indian Standard Time on Aug 08, 2026 Declared Dividend • May 20
Dividend of ₹1.50 announced Dividend of ₹1.50 is the same as last year. Ex-date: 14th August 2026 Payment date: 20th September 2026 Dividend yield will be 0.2%, which is lower than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (9% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Duyuru • May 19
Mangalam Cement Limited announces Annual dividend, payable on September 20, 2026 Mangalam Cement Limited announced Annual dividend of INR 1.5000 per share payable on September 20, 2026, ex-date on August 14, 2026 and record date on August 14, 2026. Duyuru • May 18
Mangalam Cement Limited, Annual General Meeting, Aug 21, 2026 Mangalam Cement Limited, Annual General Meeting, Aug 21, 2026. Reported Earnings • May 17
Full year 2026 earnings released: EPS: ₹46.90 (vs ₹16.39 in FY 2025) Full year 2026 results: EPS: ₹46.90 (up from ₹16.39 in FY 2025). Revenue: ₹18.0b (up 7.2% from FY 2025). Net income: ₹1.29b (up 186% from FY 2025). Profit margin: 7.2% (up from 2.7% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 2.3% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 47% per year. Duyuru • May 06
Mangalam Cement Limited to Report Q4, 2026 Results on May 16, 2026 Mangalam Cement Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 16, 2026 Reported Earnings • Feb 09
Third quarter 2026 earnings released: EPS: ₹4.13 (vs ₹2.84 in 3Q 2025) Third quarter 2026 results: EPS: ₹4.13 (up from ₹2.84 in 3Q 2025). Revenue: ₹4.21b (down 3.9% from 3Q 2025). Net income: ₹113.5m (up 45% from 3Q 2025). Profit margin: 2.7% (up from 1.8% in 3Q 2025). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 42% per year. Duyuru • Jan 24
Mangalam Cement Limited to Report Q3, 2026 Results on Feb 06, 2026 Mangalam Cement Limited announced that they will report Q3, 2026 results on Feb 06, 2026 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 ₹796, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 28x in the Basic Materials industry in India. Total returns to shareholders of 140% over the past three years. New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings have declined by 16% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks High level of debt (56% net debt to equity). Large one-off items impacting financial results. Reported Earnings • Nov 09
Second quarter 2026 earnings released: EPS: ₹7.31 (vs ₹1.19 in 2Q 2025) Second quarter 2026 results: EPS: ₹7.31 (up from ₹1.19 in 2Q 2025). Revenue: ₹4.05b (up 13% from 2Q 2025). Net income: ₹201.1m (up ₹168.2m from 2Q 2025). Profit margin: 5.0% (up from 0.9% in 2Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 2 years, while revenues in the Basic Materials industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 31% per year. Duyuru • Oct 25
Mangalam Cement Limited to Report Q2, 2026 Results on Nov 08, 2025 Mangalam Cement Limited announced that they will report Q2, 2026 results at 9:15 AM, Indian Standard Time on Nov 08, 2025 Upcoming Dividend • Aug 07
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 14 August 2025. Payment date: 21 September 2025. Payout ratio is a comfortable 9.2% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.5%). Board Change • Aug 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Ajit Kuruvilla was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Jul 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 157% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Large one-off items impacting financial results. Duyuru • Jul 25
Mangalam Cement Limited to Report Q1, 2026 Results on Aug 08, 2025 Mangalam Cement Limited announced that they will report Q1, 2026 results on Aug 08, 2025 Duyuru • May 16
Mangalam Cement Limited, Annual General Meeting, Aug 22, 2025 Mangalam Cement Limited, Annual General Meeting, Aug 22, 2025. Price Target Changed • May 16
Price target decreased by 8.6% to ₹850 Down from ₹930, the current price target is provided by 1 analyst. New target price is 11% above last closing price of ₹769. Stock is down 11% over the past year. The company is forecast to post earnings per share of ₹13.70 for next year compared to ₹21.72 last year. Duyuru • May 12
Mangalam Cement Limited, Annual General Meeting, Aug 22, 2025 Mangalam Cement Limited, Annual General Meeting, Aug 22, 2025. Duyuru • May 10
Mangalam Cement Limited Recommends Dividend for the Financial Year Ended 31 March 2025 Mangalam Cement Limited announced that at the board meeting held on May 10, 2025, Recommended a dividend of INR 1.50/- per equity share of INR 10/- each for the financial year ended 31st March, 2025, subject to the approval of shareholders at the upcoming Annual General Meeting ("AGM") of the Company. Duyuru • May 01
Mangalam Cement Limited to Report Q4, 2025 Results on May 10, 2025 Mangalam Cement Limited announced that they will report Q4, 2025 results at 3:30 PM, Indian Standard Time on May 10, 2025 Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: ₹2.84 (vs ₹5.80 in 3Q 2024) Third quarter 2025 results: EPS: ₹2.84 (down from ₹5.80 in 3Q 2024). Revenue: ₹4.44b (up 1.0% from 3Q 2024). Net income: ₹78.1m (down 51% from 3Q 2024). Profit margin: 1.8% (down from 3.6% in 3Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Duyuru • Jan 28
Mangalam Cement Limited to Report Q3, 2025 Results on Feb 06, 2025 Mangalam Cement Limited announced that they will report Q3, 2025 results on Feb 06, 2025 New Risk • Nov 21
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.4x 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 Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹1.19 (vs ₹4.29 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.19 (down from ₹4.29 in 2Q 2024). Revenue: ₹3.69b (down 14% from 2Q 2024). Net income: ₹32.8m (down 72% from 2Q 2024). Profit margin: 0.9% (down from 2.8% in 2Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.1% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Duyuru • Nov 04
Mangalam Cement Limited to Report Q2, 2025 Results on Nov 14, 2024 Mangalam Cement Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Duyuru • Oct 24
Mangalam Cement Limited Announces Demise of Kamal Chand Jain, Non- Executive Independent Director Mangalam Cement Limited announced sad demise of Shri Kamal Chand Jain, Non- Executive Independent Director of the Company on 23 October, 2024. Shri Kamal Chand Jain was Independent Director of the Company since 19 September, 2019, during his tenure as Director, the Company has immensely benefitted from his through knowledge, rich experience and active participation as Board Member. Duyuru • Sep 12
Mangalam Cement Limited Announces Committee Changes The Board of Directors of Mangalam Cement Limited at their meeting held on 10th September, 2024 approved the reconstitution of certain committees of the Board of Directors with effect from 10 September, 2024, as AUDIT COMMITTEE; Smt. Himalyam Gupta, Non-Executive Independent Director Chairman, Shri Nand Gopal Khaitan, Non-Executive Non- Independent Director Member, Shri Anand Daga, Non-Executive Independent Director Member, Shri Kamal Chand Jain, Non-Executive Independent Director Member. NOMINATION & REMUNERATION COMMITTEE; Smt. Himalyani Gupta, Non-Executive Independent Director Chairman, Shri Kamal Chand Jain, Non-Executive Independent Director member, Shri Kamal Chand Jain, Non-Executive Independent Director member. Shri Nand Gopal Khaitan, Non-Executive Non- Independent Director member. STAKEHOLDERS RELATIONSHIP COMMITTEE; Shri Nand Gopal Khaitan, Non-Executive Non Independent Director chairman Smt. Himalyani Gupta, Non-Executive Independent Director member Shri Gaurav Goel, Non-Executive Non-Independent Director member. CSR COMMITTEE; Shri Anshuman Vikram Jalan, Whole-time Director chairman Shri Anand Daga, Non-Executive Independent Director member Shri Gaurav Goel, Non-Executive Non-Independent Director member. RISK MANAGEMENT COMMITTEE; Shri Anshuman Vikram Jalan, Whole-time Director chairman Shri Nand Gopal Khaitan, Non-Executive Non- Independent Director member Shri Anand Daga, Non- Executive Independent Director member Shri Yaswant Mishra, President (Corporate) & CFO member. Duyuru • Sep 10
Mangalam Cement Limited Announces Cessation of Board of Directors Mangalam Cement Limited announced that Shri Nand Gopal Khaitan, Shri Gaurav Goel and Smt. Aruna Makhan have been ceased to be Directors on completion of their second term of office as Independent Director with effect from close of business hours on 9 September 2024 and the consequent to which ceased to be Independent Directors. Price Target Changed • Aug 06
Price target decreased by 8.4% to ₹870 Down from ₹950, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ₹867. Stock is up 161% over the past year. The company is forecast to post earnings per share of ₹44.50 for next year compared to ₹21.72 last year. Reported Earnings • Aug 06
First quarter 2025 earnings released: EPS: ₹6.21 (vs ₹5.34 in 1Q 2024) First quarter 2025 results: EPS: ₹6.21 (up from ₹5.34 in 1Q 2024). Revenue: ₹3.81b (down 9.5% from 1Q 2024). Net income: ₹170.6m (up 16% from 1Q 2024). Profit margin: 4.5% (up from 3.5% in 1Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 5.5% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Duyuru • Aug 05
Mangalam Cement Limited Appoints Himalyani Gupta as Additional Director, in the Category of Non- Executive Independent Director Mangalam Cement Limited on the recommendation of Nomination and Remuneration Committee, the Board of Directors of the Company has 5th August, 2024 approved the appointment of Mrs. Himalyani Gupta (DIN - 00607140) as an Additional Director of the Company in the category of Non- Executive Independent Director w.e.f. 5th August, 2024. Mrs. Himalyani Gupta is appointed for a term of 5 years from the date of his appointment, subject to the approval of the shareholders of the Company. Mrs. Himalyani Gupta, Advocate is a Senior Founding Partner in U H V International Partners which is a leading Delhi based law firm established in 2001. She has been practicing law since 1991 and has been Standing Counsel for Union of India in the Supreme Court. She leads a team of Lawyers in advising and representing various Indian and Foreign corporate clients rendering legal and advisory services on a wide spectrum of areas. Her Law firm has over the years handled over 10000 litigations all across India including cases which were sensational and of national importance. Some of the cases have led to passing of Landmark judgments in the field of Constitutional Law. She is on the recommended lawyer list for the Embassy of Argentina in India. She's an Independent Director in leading Companies. Duyuru • Jul 30
Mangalam Cement Limited Declares Final Dividend for the Financial Year Ended March 31, 2024 Mangalam Cement Limited announced at the AGM held on July 27, 2024 declared final dividend of INR 1.5 per equity share for the financial year ended March 31, 2024. Duyuru • Jul 23
Mangalam Cement Limited to Report Q1, 2025 Results on Aug 05, 2024 Mangalam Cement Limited announced that they will report Q1, 2025 results on Aug 05, 2024 Upcoming Dividend • Jul 12
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 19 July 2024. Payment date: 26 August 2024. Payout ratio is a comfortable 6.9% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.5%). Reported Earnings • Jul 06
Full year 2024 earnings released: EPS: ₹21.72 (vs ₹6.23 in FY 2023) Full year 2024 results: EPS: ₹21.72 (up from ₹6.23 in FY 2023). Revenue: ₹17.3b (down 4.2% from FY 2023). Net income: ₹597.2m (up 249% from FY 2023). Profit margin: 3.5% (up from 1.0% in FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.3% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Duyuru • May 03
Mangalam Cement Limited, Annual General Meeting, Jul 27, 2024 Mangalam Cement Limited, Annual General Meeting, Jul 27, 2024. Reported Earnings • May 02
Full year 2024 earnings released: EPS: ₹21.72 (vs ₹6.23 in FY 2023) Full year 2024 results: EPS: ₹21.72 (up from ₹6.23 in FY 2023). Revenue: ₹17.6b (down 2.1% from FY 2023). Net income: ₹597.2m (up 249% from FY 2023). Profit margin: 3.4% (up from 1.0% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 4.1% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings. Duyuru • Apr 22
Mangalam Cement Limited to Report Q4, 2024 Results on May 01, 2024 Mangalam Cement Limited announced that they will report Q4, 2024 results on May 01, 2024 New Risk • Mar 31
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: ₹98m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (55% net debt to equity). Large one-off items impacting financial results. Significant insider selling over the past 3 months (₹98m sold). Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹739, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 31x in the Basic Materials industry in India. Total returns to shareholders of 171% over the past three years. Price Target Changed • Jan 29
Price target increased by 71% to ₹950 Up from ₹555, the current price target is provided by 1 analyst. New target price is 36% above last closing price of ₹700. Stock is up 146% over the past year. The company is forecast to post earnings per share of ₹35.00 for next year compared to ₹6.23 last year. Reported Earnings • Jan 28
Third quarter 2024 earnings released: EPS: ₹5.80 (vs ₹0.19 in 3Q 2023) Third quarter 2024 results: EPS: ₹5.80 (up from ₹0.19 in 3Q 2023). Revenue: ₹4.45b (up 3.7% from 3Q 2023). Net income: ₹159.5m (up ₹154.2m from 3Q 2023). Profit margin: 3.6% (up from 0.1% in 3Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 2.5% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Duyuru • Jan 17
Mangalam Cement Limited to Report Q3, 2024 Results on Jan 27, 2024 Mangalam Cement Limited announced that they will report Q3, 2024 results on Jan 27, 2024 Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹646, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 29x in the Basic Materials industry in India. Total returns to shareholders of 207% over the past three years. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹508, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 26x in the Basic Materials industry in India. Total returns to shareholders of 134% over the past three years. Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: ₹4.29 (vs ₹9.86 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹4.29 (up from ₹9.86 loss in 2Q 2023). Revenue: ₹4.36b (up 9.3% from 2Q 2023). Net income: ₹117.9m (up ₹389.1m from 2Q 2023). Profit margin: 2.7% (up from net loss in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 5.5% decline forecast for the Basic Materials industry in India. 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 25% per year, which means it is well ahead of earnings. Duyuru • Oct 21
Mangalam Cement Limited to Report Q2, 2024 Results on Nov 03, 2023 Mangalam Cement Limited announced that they will report Q2, 2024 results on Nov 03, 2023 Duyuru • Oct 01
Mangalam Cement Limited Announces Executive Changes Mangalam Cement Limited announced that at its board meeting held on September 30, 2023, the board approved the appointment of Mr. Pawan Kumar Thakur as the Company Secretary and Compliance Officer to act as Key Managerial Personnel of the Company with immediate effect. Consequent to the said appointment, Mr. Tarun Arora who was appointed as Compliance Officer by the Board on August 08, 2023, will cease to be Compliance Officer of the Company with immediate effect. However, Mr. Arora will continue as Assistant Company Secretary of the Company. Shri Pawan Kumar Thakur, who is fellow member of the Institute of Company Secretaries of India, a law graduate from Calcutta University and holds Bachelor's degree in Commerce and having around 21 years of experience in the secretarial & legal field as Company Secretary and Compliance Officer. Duyuru • Aug 09
Mangalam Cement Limited Appoints Tarun Arora as Compliance Officer Mangalam Cement Limited Board of Directors of the Company at their meeting held on 8th August, 2023 has appointed Mr. Tarun Arora, Asst. Company Secretary as Compliance Officer of the Company. He is an associate member of The Institute of Company Secretaries of India having 10 years of knowledge and experience in corporate secretarial services. Duyuru • Aug 03
Mangalam Cement Limited to Report Q1, 2024 Results on Aug 08, 2023 Mangalam Cement Limited announced that they will report Q1, 2024 results on Aug 08, 2023 Duyuru • Jul 24
Mangalam Cement Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023 Mangalam Cement Limited announced that the board of directors at their meeting held on May 27, 2023, have recommended a final dividend of INR 1.50 per equity share having face value of INR 10 each for the financial year ended March 31, 2023 and the said final dividend will be payable post approval of shareholders at upcoming annual general meeting of the company. Upcoming Dividend • Jul 21
Upcoming dividend of ₹1.50 per share at 0.5% yield Eligible shareholders must have bought the stock before 28 July 2023. Payment date: 04 September 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.5%). Reported Earnings • Jul 20
Full year 2023 earnings released: EPS: ₹6.23 (vs ₹28.26 in FY 2022) Full year 2023 results: EPS: ₹6.23 (down from ₹28.26 in FY 2022). Revenue: ₹18.0b (up 15% from FY 2022). Net income: ₹171.2m (down 78% from FY 2022). Profit margin: 1.0% (down from 5.0% in FY 2022). Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 5.7% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. New Risk • Jul 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹7.96b (US$97.0m) This is considered a minor 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 Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (₹7.96b market cap, or US$97.0m). Duyuru • Jul 08
Mangalam Cement Limited Announces the Resignation of Manoj Kumar as Company Secretary, Compliance Officer and KMP Mangalam Cement Limited announced that Mr. Manoj Kumar, Company Secretary, Compliance Officer and KMP of the company has resigned from theposition of Company Secretary, Compliance Officer and KMP with effect from the closing of business hours on July 6, 2023, due to personal reason. Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹6.23 (vs ₹28.26 in FY 2022) Full year 2023 results: EPS: ₹6.23 (down from ₹28.26 in FY 2022). Revenue: ₹18.4b (up 17% from FY 2022). Net income: ₹171.2m (down 78% from FY 2022). Profit margin: 0.9% (down from 5.0% in FY 2022). Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 5.3% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Duyuru • May 20
Mangalam Cement Limited to Report Q4, 2023 Results on May 27, 2023 Mangalam Cement Limited announced that they will report Q4, 2023 results at 12:15 PM, Indian Standard Time on May 27, 2023 Price Target Changed • Feb 14
Price target decreased by 8.0% to ₹510 Down from ₹555, the current price target is provided by 1 analyst. New target price is 89% above last closing price of ₹269. Stock is down 28% over the past year. The company posted earnings per share of ₹28.26 last year. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹0.19 (vs ₹5.12 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.19 (down from ₹5.12 in 3Q 2022). Revenue: ₹4.29b (up 13% from 3Q 2022). Net income: ₹5.29m (down 96% from 3Q 2022). Profit margin: 0.1% (down from 3.7% 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 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Duyuru • Feb 02
Mangalam Cement Limited to Report Q3, 2023 Results on Feb 11, 2023 Mangalam Cement Limited announced that they will report Q3, 2023 results on Feb 11, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. Independent Non-Executive Director Kamal Jain was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Second quarter 2023 earnings released: ₹9.86 loss per share (vs ₹4.03 profit in 2Q 2022) Second quarter 2023 results: ₹9.86 loss per share (down from ₹4.03 profit in 2Q 2022). Revenue: ₹4.08b (up 8.7% from 2Q 2022). Net loss: ₹271.2m (down 345% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year. Duyuru • Nov 03
Mangalam Cement Limited to Report Q2, 2023 Results on Nov 10, 2022 Mangalam Cement Limited announced that they will report Q2, 2023 results on Nov 10, 2022 Upcoming Dividend • Aug 18
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 25 August 2022. Payment date: 03 October 2022. Payout ratio is a comfortable 5.8% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (0.9%). Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: ₹10.22 (vs ₹14.96 in 1Q 2022) First quarter 2023 results: EPS: ₹10.22 (down from ₹14.96 in 1Q 2022). Revenue: ₹5.18b (up 46% from 1Q 2022). Net income: ₹281.0m (down 30% from 1Q 2022). Profit margin: 5.4% (down from 11% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 07
Mangalam Cement Limited, Annual General Meeting, Sep 03, 2022 Mangalam Cement Limited, Annual General Meeting, Sep 03, 2022, at 14:00 Indian Standard Time. Duyuru • Jul 30
Mangalam Cement Limited to Report Q1, 2023 Results on Aug 06, 2022 Mangalam Cement Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Aug 06, 2022 Recent Insider Transactions • Jun 25
Executive Co-Chairperson recently bought ₹2.4m worth of stock On the 20th of June, Anshuman Jalan bought around 10k shares on-market at roughly ₹244 per share. This was the largest purchase by an insider in the last 3 months. This was Anshuman's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹244, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 15x in the Basic Materials industry in India. Total loss to shareholders of 2.3% over the past three years. Duyuru • May 08
Mangalam Cement Limited Recommends Dividend for the Year Ended March 31, 2022 Mangalam Cement Limited has recommended a dividend of INR 1.50/- per equity share of INR 10/- each for the year ended 31st March, 2022, subject to approval of shareholders at the ensuing Annual General Meeting of the Company and shall be paid within the statutory time period. Reported Earnings • May 08
Full year 2022 earnings released: EPS: ₹28.26 (vs ₹40.83 in FY 2021) Full year 2022 results: EPS: ₹28.26 (down from ₹40.83 in FY 2021). Revenue: ₹15.9b (up 23% from FY 2021). Net income: ₹777.1m (down 29% from FY 2021). Profit margin: 4.9% (down from 8.4% 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 43% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target decreased to ₹446 Down from ₹555, the current price target is provided by 1 analyst. New target price is 19% above last closing price of ₹375. Stock is up 34% over the past year. The company posted earnings per share of ₹40.83 last year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. Independent Non-Executive Director Kamal Jain was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 03
GM of Legal recently sold ₹3.4m worth of stock On the 31st of March, Manoj Dhariwal sold around 9k shares on-market at roughly ₹384 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Price Target Changed • Feb 19
Price target decreased to ₹467 Down from ₹555, the current price target is provided by 1 analyst. New target price is 26% above last closing price of ₹370. Stock is up 37% over the past year. The company posted earnings per share of ₹40.83 last year. Reported Earnings • Feb 14
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹5.12 (down from ₹14.03 in 3Q 2021). Revenue: ₹3.80b (up 12% from 3Q 2021). Net income: ₹140.9m (down 62% from 3Q 2021). Profit margin: 3.7% (down from 11% 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 62% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Board Change • Dec 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. Independent Non-Executive Director Kamal Jain was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 16
Second quarter 2022 earnings released The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹3.76b (up 17% from 2Q 2021). Net income: ₹110.7m (down 48% from 2Q 2021). Profit margin: 2.9% (down from 6.6% 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 84% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 01
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 18 October 2021. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.9%). Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 18% share price gain to ₹540, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 20x in the Basic Materials industry in India. Total returns to shareholders of 135% over the past three years. Reported Earnings • Jul 19
First quarter 2022 earnings released: EPS ₹14.96 (vs ₹6.17 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹3.62b (up 60% from 1Q 2021). Net income: ₹399.4m (up 190% from 1Q 2021). Profit margin: 11% (up from 6.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 15% share price gain to ₹376, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 20x in the Basic Materials industry in India. Total returns to shareholders of 71% over the past three years. Reported Earnings • May 24
Full year 2021 earnings released: EPS ₹40.83 (vs ₹28.43 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹13.3b (up 8.4% from FY 2020). Net income: ₹1.09b (up 44% from FY 2020). Profit margin: 8.2% (up from 6.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Duyuru • May 23
Mangalam Cement Limited Recommends Dividend for the Year Ended 31 March, 2021 Mangalam Cement Limited at its Board meeting held on May 22, 2021, recommended a dividend of INR 1.50 per equity share of INR 10 each for the year ended 31 March, 2021, subject to approval of shareholders at the upcoming Annual General Meeting of the Company and shall be paid within the statutory time period. Is New 90 Day High Low • Feb 25
New 90-day high: ₹280 The company is up 29% from its price of ₹218 on 27 November 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 21% over the same period. Is New 90 Day High Low • Feb 08
New 90-day high: ₹274 The company is up 34% from its price of ₹205 on 10 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 26% over the same period. Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS ₹14.03 (vs ₹4.66 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹3.49b (up 13% from 3Q 2020). Net income: ₹374.5m (up 201% from 3Q 2020). Profit margin: 11% (up from 4.0% 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 79% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.