Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹351, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 148% over the past three years. Duyuru • Apr 24
Mangalam Worldwide Limited to Report Q4, 2026 Results on Apr 29, 2026 Mangalam Worldwide Limited announced that they will report Q4, 2026 results on Apr 29, 2026 Duyuru • Jan 09
Mangalam Worldwide Limited to Report Q3, 2026 Results on Jan 17, 2026 Mangalam Worldwide Limited announced that they will report Q3, 2026 results at 9:08 AM, Indian Standard Time on Jan 17, 2026 New Risk • Nov 29
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 7.0% 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 (2.2x net interest cover). High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (₹7.37b market cap, or US$82.5m). Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹250, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 134% over the past three years. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹217, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 91% over the past three years. New Risk • Jul 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). High level of non-cash earnings (28% accrual ratio). Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (₹5.04b market cap, or US$58.5m). Reported Earnings • Jul 16
Full year 2025 earnings released: EPS: ₹10.59 (vs ₹8.89 in FY 2024) Full year 2025 results: EPS: ₹10.59 (up from ₹8.89 in FY 2024). Revenue: ₹10.7b (up 30% from FY 2024). Net income: ₹294.8m (up 35% from FY 2024). Profit margin: 2.8% (up from 2.7% in FY 2024). The increase in margin was driven by higher revenue. 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 13% per year. Upcoming Dividend • Jul 11
Upcoming dividend of ₹0.20 per share Eligible shareholders must have bought the stock before 18 July 2025. Payment date: 03 September 2025. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (2.8%). Duyuru • Jun 30
Mangalam Worldwide Limited, Annual General Meeting, Aug 04, 2025 Mangalam Worldwide Limited, Annual General Meeting, Aug 04, 2025, at 14:00 Indian Standard Time. New Risk • Jun 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 33% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹4.26b market cap, or US$49.8m). New Risk • May 17
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 Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹4.16b market cap, or US$48.6m). Duyuru • Jan 25
Mangalam Worldwide Limited to Report Q3, 2025 Results on Jan 24, 2025 Mangalam Worldwide Limited announced that they will report Q3, 2025 results at 4:00 PM, Indian Standard Time on Jan 24, 2025 Reported Earnings • Oct 31
Second quarter 2025 earnings released: EPS: ₹2.67 (vs ₹0.87 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.67 (up from ₹0.87 in 2Q 2024). Revenue: ₹2.38b (up 19% from 2Q 2024). Net income: ₹69.4m (up 226% from 2Q 2024). Profit margin: 2.9% (up from 1.1% in 2Q 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹171, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 27x in the Metals and Mining industry in India. Total returns to shareholders of 44% over the past year. New Risk • Oct 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (6.1% increase in shares outstanding). Market cap is less than US$100m (₹3.69b market cap, or US$44.0m). Duyuru • Aug 23
Mangalam Worldwide Limited Declares Final Dividend for the Financial Year Ended March 31, 2024 Mangalam Worldwide Limited announced at the AGM held on August 21, 2024, approved to declare final dividend of INR 1.00 per equity share of INR 10 each for the financial year ended on March 31, 2024. Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: ₹2.45 (vs ₹1.01 in 1Q 2024) First quarter 2025 results: EPS: ₹2.45 (up from ₹1.01 in 1Q 2024). Revenue: ₹2.30b (up 14% from 1Q 2024). Net income: ₹60.0m (up 143% from 1Q 2024). Profit margin: 2.6% (up from 1.2% in 1Q 2024). The increase in margin was driven by higher revenue. Upcoming Dividend • Jul 26
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 02 August 2024. Payment date: 20 September 2024. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (1.6%). Duyuru • Jul 22
Mangalam Worldwide Limited, Annual General Meeting, Aug 21, 2024 Mangalam Worldwide Limited, Annual General Meeting, Aug 21, 2024, at 14:00 Indian Standard Time. Recent Insider Transactions • Jun 15
Executive Chairman recently sold ₹6.5m worth of stock On the 11th of June, Vipin Prakash Mangal sold around 46k shares on-market at roughly ₹143 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹14m. Vipin Prakash has been a net seller over the last 12 months, reducing personal holdings by ₹85m. Recent Insider Transactions • Jun 06
Executive Chairman recently sold ₹1.2m worth of stock On the 31st of May, Vipin Prakash Mangal sold around 8k shares on-market at roughly ₹145 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹14m. Vipin Prakash has been a net seller over the last 12 months, reducing personal holdings by ₹79m. Recent Insider Transactions • May 29
Executive Chairman recently sold ₹11m worth of stock On the 23rd of May, Vipin Prakash Mangal sold around 72k shares on-market at roughly ₹150 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹14m. Vipin Prakash has been a net seller over the last 12 months, reducing personal holdings by ₹78m. Recent Insider Transactions • May 07
Executive Chairman recently sold ₹2.2m worth of stock On the 3rd of May, Vipin Prakash Mangal sold around 13k shares on-market at roughly ₹169 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Vipin Prakash's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹167, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 25x in the Metals and Mining industry in India. Total returns to shareholders of 19% over the past year. Reported Earnings • Apr 22
Full year 2024 earnings released: EPS: ₹8.89 (vs ₹7.15 in FY 2023) Full year 2024 results: EPS: ₹8.89 (up from ₹7.15 in FY 2023). Revenue: ₹8.22b (up 28% from FY 2023). Net income: ₹218.3m (up 34% from FY 2023). Profit margin: 2.7% (up from 2.5% in FY 2023). The increase in margin was driven by higher revenue. Recent Insider Transactions • Mar 16
Non-Executive Independent Director recently bought ₹864k worth of stock On the 12th of March, Pritu Gupta bought around 7k shares on-market at roughly ₹120 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₹916k. Despite this recent purchase, insiders have collectively sold ₹2.5m more in shares than they bought in the last 12 months. Recent Insider Transactions • Jan 27
CFO & Whole Time Director recently sold ₹4.8m worth of stock On the 24th of January, Mohit Agarwal sold around 40k shares on-market at roughly ₹122 per share. This transaction amounted to 79% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Mohit's only on-market trade for the last 12 months. New Risk • Jan 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (90% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (₹3.19b market cap, or US$38.3m). New Risk • Dec 05
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 8.8% 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 (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.8% average weekly change). High level of non-cash earnings (90% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹2.77b market cap, or US$33.2m). Upcoming Dividend • Jun 23
Upcoming dividend of ₹1.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 30 June 2023. Payment date: 14 August 2023. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (7.8%). Duyuru • Jun 22
Mangalam Worldwide Limited, Annual General Meeting, Jul 15, 2023 Mangalam Worldwide Limited, Annual General Meeting, Jul 15, 2023, at 14:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended on 31 March 2023, together with the Reports of the Board of Directors and the Auditors thereon; to consider the Audited Consolidated Financial Statements of the Company for the financial year ended on 31 March 2023, together with the Report of the Auditors thereon; to declare final dividend of INR 1/- per equity share of INR 10/- each for the financial year ended on 31 March 2023; to appoint a Director in place of Mr. Chandragupt Prakash Mangal, who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointment; and to consider other matters. New Risk • Jun 20
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 9.2% 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 (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.2% average weekly change). High level of non-cash earnings (90% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹3.16b market cap, or US$38.5m). Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₹148, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 15x in the Metals and Mining industry in India. Reported Earnings • Apr 19
Full year 2023 earnings released: EPS: ₹7.31 (vs ₹9.26 in FY 2022) Full year 2023 results: EPS: ₹7.31. Revenue: ₹6.46b (up 24% from FY 2022). Net income: ₹162.9m (up 32% from FY 2022). Profit margin: 2.5% (up from 2.4% in FY 2022). Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). MD & Executive Director Chanakya Prakash Mangal is the most experienced director on the board, commencing their role in 2013. Non-Executive Independent Director Sarika Modi was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 22
First half 2023 earnings released First half 2023 results: EPS: ₹2.84. Net income: ₹60.5m (up ₹60.5m from 1H 2022). Reported Earnings • Sep 04
Full year 2022 earnings released: EPS: ₹9.26 (vs ₹2.63 in FY 2021) Full year 2022 results: EPS: ₹9.26 (up from ₹2.63 in FY 2021). Revenue: ₹5.23b (up 73% from FY 2021). Net income: ₹123.9m (up 358% from FY 2021). Profit margin: 2.4% (up from 0.9% in FY 2021). Duyuru • Aug 30
Mangalam Worldwide Limited, Annual General Meeting, Sep 20, 2022 Mangalam Worldwide Limited, Annual General Meeting, Sep 20, 2022, at 14:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended on 31 March 2022, together with the Reports of the Board of Directors and the Auditors thereon; to receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended on 31 March 2022, together with the Report of the Auditors thereon; to declare dividend of INR 1 per equity share of INR 10 each for the financial year ended on 31 March 2022; and to consider any other matter thereof. Duyuru • Aug 25
Mangalam Worldwide Limited Proposes Final Dividend for the Financial Year on March 31, 2022, Payable on or Before 19 October, 2022 Mangalam Worldwide Limited proposed final dividend of INR 1 per equity share of face value of INR 10 each for the financial year on March 31, 2022. The dividend, if declared at the 26 Annual General Meeting of the Company, will be paid on or before 19 October, 2022 to the Shareholders holding shares as on close of business hours of 9 September, 2022. Recent Insider Transactions • Jul 19
Chief Financial Officer recently bought ₹4.3m worth of stock On the 11th of July, Mohit Agrawal bought around 42k shares on-market at roughly ₹102 per share. This was the largest purchase by an insider in the last 3 months. This was Mohit's only on-market trade for the last 12 months. Duyuru • Jul 13
Mangalam Worldwide Limited has completed an IPO in the amount of INR 655.8132 million. Mangalam Worldwide Limited has completed an IPO in the amount of INR 655.8132 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 3,409,200
Price\Range: INR 101
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 3,084,000
Price\Range: INR 101
Transaction Features: Regulation S