Mangalam Cement Ltd. News and Updates

Name: Latest research reports of Mangalam Cement Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Mangalam Cement Ltd.
Rating: 3
Author: ICICI Securities Limited

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Mangalam Cement Ltd.

15 Nov 2018

750.80

0.56%

Mangalam Cement

Hold: Mangalam Cement Ltd.

Target

ICICI Securities Limited

Mangalam Cement reported a good set of Q2FY19 numbers. Revenues increased 21.3% YoY to | 287.9 crore (above I-direct estimate of | 252.9 crore) mainly led by 21% YoY increase in volumes to 0.73 MT (vs. I-direct estimate of 0.65 MT). Realisations broadly remained flat YoY but remained better than our estimates EBITDA/tonne declined 57.3% YoY to | 193/t due to higher power cost/t (up 63% YoY driven by higher pet coke prices). However, it remained better than our estimates as the company accounted for...

Mangalam Cement Ltd. is trading below its 150 day SMA of 755.4

Mangalam Cement Ltd.

14 Nov 2018

750.80

0.56%

Mangalam Cement - Result Update

Hold: Mangalam Cement Ltd.

Target

Reliance Securities

Mangalam Cement (MGC) continued to deliver disappointing performance in 2QFY19 as well with adjusted EBITDA declining by 67% YoY to Rs92mn, while EBITDA/tonne coming in at mere Rs127. While sales volume remained robust at 0.72mnT (+20% YoY and +12% QoQ), steady NSR at Rs3929/tonne (+0.8% YoY and +1.3% QoQ) led to 21% YoY growth in revenue to Rs2.9bn broadly in-line with our estimates. Adjusted for prior period rebate in railway freight, operating cost/tonne surged by 9% YoY to Rs3,775 (-1.7% QoQ) mainly led by increase in Power & Fuel cost. Adjusted net loss stood at ~Rs14mn vs. Rs11mn profit in last year. Looking ahead, we expect higher PPC production, WHRS capacity and recent softening of fuel prices along with likely...

Mangalam Cement Ltd. is trading below its 150 day SMA of 755.4

Mangalam Cement Ltd.

15 Aug 2018

750.80

0.56%

Mangalam Cement (246.8): Buy

Business Line

Investors with a short-term perspective can buy the stock of Mangalam Cement at current levels. After an intermediate-term downtrend from the Janua

Mangalam Cement Ltd. is trading above its 100 day SMA of 750.6

Mangalam Cement (246.8): Buy

Business Line | 15 Aug 2018

Mangalam Cement Ltd.

07 Aug 2018

750.80

0.56%

Mangalam Cement - 1QFY19 Result Update

Hold: Mangalam Cement Ltd.

Recommendation Target

Reliance Securities

Muted Performance on Plant Shutdown & Cost Pressure Mangalam Cement (MCL) has reported a poor performance in 1QFY19 led by kiln shutdown and elevated cost pressure. Plant shutdown for up-gradation with a view to complying with environment norms led to ~0.15mnT loss in clinker production. Reported EBITDA declined by a steep 88% YoY and 61% QoQ to merely Rs45mn, while EBITDA/tonne came in at Rs70 vs. Rs626 and Rs148 in 4QFY17 and 3QFY18, respectively. Operating cost/tonne jumped by 13% YoY and 3% QoQ to Rs3,841 mainly led by sharp rise in Power & Fuel cost/tonne (+28% YoY and +4% QoQ) and RM cost/tonne (+30% YoY and +12% QoQ). Average realisation stood at Rs3,910/...

Mangalam Cement Ltd. is trading above its 100 day SMA of 750.6

Mangalam Cement Ltd.

07 Aug 2018

750.80

0.56%

Mangalam Cement

Hold: Mangalam Cement Ltd.

Target

ICICI Securities Limited

Mangalam Cement reported a weak set of Q1FY19 numbers. Revenues increased a mere 0.6% YoY to | 254.2 crore (below I-direct estimate of | 269.1 crore) mainly led by 3.2% YoY increase in volumes to 0.65 MT (vs. I-direct estimate of 0.7 MT) while realisation declined 2.5% YoY to | 3,910 (vs I-direct estimate of | 3,844) EBITDA/tonne declined 88.8% YoY to | 70/t (below I-direct estimate...

Mangalam Cement Ltd. is trading below its 150 day SMA of 755.4

Mangalam Cement Ltd.

17 May 2018

750.80

0.56%

Mangalam Cement - 4QFY18 Result Update

Buy: Mangalam Cement Ltd.

Target

Reliance Securities

Mangalam Cement (MCL) has reported a poor operating performance in 4QFY18 led by elevated cost pressure. Its reported EBITDA declined by a steep 53% YoY (+43% QoQ) to just Rs117mn, while EBITDA/tonne stood at a meagre Rs148 vs. Rs357 and Rs110 in 4QFY17 and 3QFY18, respectively. Operating cost/tonne witnessed surged by 13% YoY to Rs3,727 mainly led by sharp rise in Power & Fuel cost/tonne (+59% YoY and +8% QoQ) and Logistics & Sales Distribution cost/tonne (+19% YoY and +4% QoQ). Average realisation rose by 6% YoY (-2% QoQ), to Rs3,875/tonne, while sales volume grew by 13% YoY and 6% QoQ to 0.79mnT. Looking ahead, we believe that likely utilisation ramp-up at Aligarh SGU, higher PPC production and...

Number of FII/FPI investors increased from 42 to 53 in Jun 2025 qtr.

Mangalam Cement Ltd.

17 May 2018

750.80

0.56%

Mangalam Cement

Hold: Mangalam Cement Ltd.

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Mangalam Cement reported weak Q4FY18 results. Revenues increased 18.6% YoY to | 304.2 crore (above I-direct estimate of | 290.7 crore) mainly led by 13.5% YoY increase in volumes to 0.79 MT (above I-direct estimate of 0.74 MT) and realisation growth of 4.5% YoY to | 3,875 (vs. I-direct estimate of | 3,928) EBITDA/tonne declined 61.8% YoY to | 148/t (below I-direct estimate of | 510/t) mainly due to higher power cost (up 80.4% YoY driven by...

Mangalam Cement Ltd. is trading above its 100 day SMA of 750.6

Mangalam Cement Ltd.

16 Feb 2018

750.80

0.56%

Mangalam Cement

Buy: Mangalam Cement Ltd.

Target

ICICI Securities Limited

Mangalam Cement reported a weak set of Q3FY18 numbers. Revenues increased 24.9% YoY to | 292.0 crore (above I-direct estimate: | 260.7 crore) mainly led by 14.4% YoY increase in volumes to 0.74 MT (above I-direct estimate: 0.66 MT) and realisation growth of 9.2% YoY to | 3,951 (vs. I-direct estimate: | 3,950) EBITDA/tonne declined 66.6% YoY to | 110/t (vs. I-direct estimate: | 442/t) mainly due to higher raw material cost (up 105.7% YoY driven by higher clinker production and higher inventory of coal) and...

Mangalam Cement Ltd. is trading below its 150 day SMA of 755.4

Mangalam Cement Ltd.

16 Feb 2018

750.80

0.56%

Mangalam Cement - 3QFY18 Result Update

Buy: Mangalam Cement Ltd.

Target

Reliance Securities

Mangalam Cement Ltd. is trading above its 100 day SMA of 750.6

Mangalam Cement Ltd.

16 Nov 2017

750.80

0.56%

Mangalam Cement

Buy: Mangalam Cement Ltd.

ICICI Securities Limited

Mangalam Cement's Q2FY18 results were above our estimates. Revenues increased 25.3% YoY to | 237.3 crore (above I-direct estimate of | 198.2 crore) mainly led by 24.5% YoY increase in volumes to 0.60 MT (above I-direct estimate of 0.51 MT) while realisation was flat at | 3,929 (vs I-direct estimate of | 3,887) EBITDA margin increased 22 bps YoY (down 397 bps QoQ) to 11.5% (vs. I-direct estimate of 11.5%) in Q2FY18 mainly led by a decline in other expenses (down 2.5% YoY). EBITDA/tonne increased 2.6%...

Mangalam Cement Ltd. is trading above its 100 day SMA of 750.6

Is Mangalam Cement Ltd. worth buying?

82 Votes:

Buy 85.37%

Sell 8.54%

Hold 6.1%