NSE: MANGLMCEM | BSE: 502157

Mid-range Performer

Download real time

811.60 -3.70 (-0.45%)

25.79% Fall from 52W High

24,708 NSE+BSE Volume

NSE 23 May, 2025 3:31 PM (IST)

2,231.7

Market Cap

Above industry Median

1.1

Beta 1Year

High Volatility

Mangalam Cement Ltd. share price target and research reports

Name: Latest research reports of Mangalam Cement Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Mangalam Cement Ltd.
Rating: 5
Author: ICICI Securities Limited

Latest analyst research reports with target prices and PDF download for MANGLMCEM, BSE:502157 Mangalam Cement Ltd.

Search Inside the pdf :

Mangalam Cement Ltd.

26 Jul 2021

811.60

-0.45%

Mangalam Cement

Buy: Mangalam Cement Ltd.

Recommendation Target

ICICI Securities Limited

Mangalam Cement Ltd. is trading below its 100 day SMA of 816.3

Mangalam Cement Ltd.

13 Nov 2019

811.60

-0.45%

Mangalam Cement - 2QFY20 Result Update

Mangalam Cement Ltd.

Reliance Securities

Mangalam Cement Ltd. is trading below its 100 day SMA of 816.3

Mangalam Cement Ltd.

07 Aug 2019

811.60

-0.45%

Mangalam Cement

Hold: Mangalam Cement Ltd.

Recommendation Target

ICICI Securities Limited

Presence in strong markets to support growth, going ahead Mangalam Cement has the support of the central region's continued traction of healthy demand and resilience of cement prices in the region to downward pressure. Further increase in prices in the north have also supported realisations during the quarter. Considering a weak first half, due to elections and monsoon, the company expects 7-8% growth in FY20E led by a demand revival in H2FY20E. However, the company faces bottlenecks in the form of its clinker capacity (that the company is trying to work around...

Mangalam Cement Ltd. is trading below its 100 day SMA of 816.3

Mangalam Cement Ltd.

06 Aug 2019

811.60

-0.45%

Mangalam Cement - 1QFY20 Result Update

Buy: Mangalam Cement Ltd.

Recommendation Target

Reliance Securities

Mangalam Cement Ltd. is trading below its 100 day SMA of 816.3

Mangalam Cement Ltd.

16 May 2019

811.60

-0.45%

Mangalam Cement

Sell: Mangalam Cement Ltd.

Recommendation

ICICI Securities Limited

Mangalam Cement has majority of its business in strong markets of the central region. Despite near time hiccups in the form of restricted material movement, labour issues, the industry is expected to register ~8% growth with limited capacity addition. Also, price hikes taken in April should support EBITDA and improve margins despite the volume movement slowdown in Q1FY19E. Further, new initiatives by the recently elected governments in its core markets can further demand. However, the company faces bottlenecks in the form of its clinker capacity (that the company is trying to work around...

Mangalam Cement Ltd. is trading below its 100 day SMA of 816.3

Mangalam Cement Ltd.

18 Feb 2019

811.60

-0.45%

Mangalam Cement

Hold: Mangalam Cement Ltd.

Target

ICICI Securities Limited

Led by better sand availability and uptick in rural demand, cement consumption is expected to increase with an increase in construction activities. In addition, sustained infrastructure spends in low cost housing, roads along with a pick-up in private capex are expected to further boost cement consumption. Further, with limited capacity addition (CAGR of 2% in FY18-20E) and improved demand (CAGR of ~7-8% in FY18-20E) in the northern region, we expect utilisation to further improve in coming years. Since the company sells 95% of its cement production in the north, we...

Mangalam Cement Ltd. is trading below its 100 day SMA of 816.3

Mangalam Cement Ltd.

14 Feb 2019

811.60

-0.45%

Mangalam Cement - 3QFY19 Result Update

Mangalam Cement Ltd.

Reliance Securities

Mangalam Cement Ltd. is trading above its 50 day SMA of 778.4

Mangalam Cement Ltd.

15 Nov 2018

811.60

-0.45%

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 100 day SMA of 816.3

Mangalam Cement Ltd.

14 Nov 2018

811.60

-0.45%

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 above its 50 day SMA of 778.4

Mangalam Cement Ltd.

07 Aug 2018

811.60

-0.45%

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 50 day SMA of 778.4

Is Mangalam Cement Ltd. worth buying?

82 Votes:

Buy 85.37%

Sell 8.54%

Hold 6.1%