MANORGCommodities

Mangalam Organics Limited

Commodity Chemicals · ISIN INE370D01013 · BSE 514418 · NSE EQ · FV ₹10
Last price
₹449
-0.48%today
What this company does

Mangalam Organics Limited operates in Commodity Chemicals, part of the Commodities sector. It booked ₹179 cr of revenue in its latest quarter (Q1 FY27) and kept 4.1% of sales as profit.

Who Weare Mangalam Organics Limited is a pioneer in the field of pine chemistry. It is a leading manufacturer of Our Our terpene and rosin derivatives. Legacy Mission a ,,, To continue to strive and innovate to Our operations are led by an meet the growing requirements of experienced management team, with .... .... over 50 years of expertise in the .,, _, _, our valued customers . p;ne chemkals ;ndustry.
In the report:
48out of 100
Equitytale Health Score
Mixed

Healthier than 48% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 121–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
35

At close. Not part of the score.

Profitability & returns48

How much profit it earns on the money it employs

Balance sheet17

How much it owes, and whether earnings cover the interest

Cash quality20

Whether reported profit actually arrives as cash

Growth & consistency80

Whether sales and profit have grown, and how steadily

Valuation53

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Some things to watchPriced in line with peers
Strengths
Makes a profit
Sales up 22% vs last year
Promoters hold 59%
No promoter shares pledged
Watch-outs
! Thin 4.1% net margin
! Profit down 41% vs last year
! Carries high debt (D/E 1.1)
! Operating cash flow is negative

What if I invest in MANORG?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹449 -0.48%
latest close · 2026-09-17
52-wk low ₹429206 sessions so far52-wk high ₹1,299
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio13.2Low
LowAverageHigh
P/B ratio1.21Moderate
Below bookModerateHigh
EV / EBITDA8.3Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.1%Fair
WeakFairStrong ▸15%
Return on capital16.7%Strong
WeakFairStrong
Net margin4.1%Thin
ThinDecentStrong
EBITDA margin12.4%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.12High
LowModerateHigh ▸1
Interest cover2.2×Okay
RiskyOkayStrong ▸5×
Current ratio1.14Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹384 cr
Book value
₹372
EPS
₹8.49
latest quarter
Net debt
₹355 cr
owes more than its cash
Enterprise value
₹739 cr
EBITDA
₹89 cr
annualised
EBIT
₹64 cr
annualised
Operating margin
9.0%
Return on assets
3.9%
Earnings yield
7.57%
P/S
0.54
Sales / share
₹836.5
Tax rate
16.5%
Face value
₹10
Shares
0.9 cr
Working capital
₹48 cr
Current assets
₹401 cr
Current liabilities
₹353 cr
Delivery %
69.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹105₹131, midpoint ₹118

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹179 cr
Other Income₹7.6 L
Total Income₹179 cr
Cost of Materials₹123 cr
Purchases of Stock-in-Trade₹4.5 L
Inventory Change (±)₹-20 cr
Employee Benefit Expense₹14 cr
Finance Costs₹7 cr
Depreciation & Amortisation₹6 cr
Other Expenses₹40 cr
Total Expenses₹170 cr
Profit before Tax₹9 cr
Tax Expense₹1 cr
Net Profit₹7 cr
Net margin on total income4.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹103 cr57.5%
Employee benefit expense₹14 cr7.6%
Finance costs₹7 cr4.1%
Depreciation & amortisation₹6 cr3.4%
Other expenses₹40 cr22.5%
Tax expense₹1 cr0.8%
Profit for the period₹7 cr4.1%
Total income ₹179 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue164 cr154 cr179 cr
Total income164 cr134 cr179 cr
Expenses159 cr125 cr170 cr
Profit before tax5 cr9 cr9 cr
Tax1 cr3 cr1 cr
Net profit (owners' share)4 cr6 cr7 cr
Net margin (owners' share, on revenue)2.6%3.9%4.1%
EPS (₹)5.076.568.49
YoY (latest quarter): total income +19.0% · net profit -40.6%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹740 cr
Shareholder equity
₹319 cr
parent shareholders
Total debt
₹356 cr
Cash
₹1 cr
Cash flow · H1 FY26
Operating
₹-54 cr
Investing
₹-38 cr
Financing
₹93 cr
Peer comparison
Commodity Chemicals · by market value
CompanyPriceMarket capP/E
SRF Limited₹2,536₹75,172 cr24.8
Tata Chemicals Limited₹779₹69,788 cr
Deepak Fertilizers and Petrochemicals Corporation Limited₹1,325₹16,722 cr8.5
Gujarat Narmada Valley Fertilizers and Chemicals Limited₹585₹8,597 cr6.9
Gujarat Alkalies and Chemicals Limited₹674₹4,948 cr22.5
GHCL Limited₹420₹3,862 cr8.6
J.G.Chemicals Limited₹588₹2,305 cr23.0
Thirumalai Chemicals Limited₹156₹1,876 cr
IG Petrochemicals Limited₹555₹1,708 cr6.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1.5
ex 20 Sep 2022
ActionDetailEx-date
Dividend₹1.5 / share20 Sep 2022
Dividend₹1.5 / share23 Sep 2021
Dividend₹1 / share24 Sep 2020
Dividend₹1 / share12 Sep 2019
Dividend₹1 / share17 Sep 2018
BuybackBuy Back of Shares3 Apr 2018
Who owns it · 2026-06-30
No pledge
Promoter
58.6%
FII / Foreign
DII / Domestic
2.2%
Retail / others
39.1%
Promoter stake up 3.7% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtKAMALKUMAR DUJODWALA · Promoters3.20 L · ₹17.8 cr2 Sep 24
Bulk / block deals
SoldRATIONAL EQUITY FLAGSHIP FUND I · NSE44,482 @ ₹4535 Jun 26
BoughtNIVESHAAY HEDGEHOGS FUND · NSE50,426 @ ₹574.9119 May 25
BoughtXTX MARKETS LLP · NSE70,845 @ ₹505.5617 Apr 23
Stake changes
BoughtKamalkumar Dujodwala · promoter→ 5.58% · 3.20 L2 Sep 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 16 Sep 2025
See the official result
1
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
1.43 L votes for, 1 against
2
To appoint a director in place of Mr. Pannkaj Dujodwala (DIN: 00546353), who retires by rotation and being eligible, seeks re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
1.43 L votes for, 1 against
3
To ratify the remuneration payable to the Cost Auditor appointed by the Board of Directors of the Company for the Financial Year 2025-26 pursuant to Section 148 and all other applicable provisions of Companies Act, 2013
Backed by 100% of shareholders other than promotersneeded 50%
1.43 L votes for, 1 against
4
To appoint M/s Yogesh Sharma & Co., Company Secretaries (Membership no. FCS 11305 & COP No. 12366 & Peer Review Certificate No.: 1583/2021), as the Secretarial Auditor of the Company for a term of five consecutive years, commencing from Financial Year 2025-26 till Financial Year 2029-30.
Backed by 100% of shareholders other than promotersneeded 50%
1.43 L votes for, 1 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 8 named members
owning 58.6% between them · as of 2026-06-30
Tradechem Organics Limited21.36%
Manisha Pankaj Dujodwala9.96%
Akshay Dujodwala9.43%
Alka K Dujodwala6.76%
Kamalkumar Ramgopal Dujodwala5.57%
Dujodwala Exports Private Limited2.01%
Dujodwala Pankaj Ramgopal2.01%
Pannkaj Dujodwala1.53%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.