NSE: MANGLMCEM | BSE: 502157

Mid-range Performer

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799.50 -27.45 (-3.32%)

26.90% Fall from 52W High

76,419 NSE+BSE Volume

NSE 25 Apr, 2025 3:31 PM (IST)

2,198.4

Market Cap

Above industry Median

1.2

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: 3
Author: ICICI Securities Limited

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

Mangalam Cement Ltd.

07 Aug 2018

799.50

-3.32%

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 100 day SMA of 844.4

Mangalam Cement Ltd.

17 May 2018

799.50

-3.32%

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...

Mangalam Cement Ltd. is trading above its 50 day SMA of 767.8

Mangalam Cement Ltd.

17 May 2018

799.50

-3.32%

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 below its 100 day SMA of 844.4

Mangalam Cement Ltd.

16 Feb 2018

799.50

-3.32%

Mangalam Cement - 3QFY18 Result Update

Buy: Mangalam Cement Ltd.

Target

Reliance Securities

Mangalam Cement Ltd. is trading below its 100 day SMA of 844.4

Mangalam Cement Ltd.

16 Feb 2018

799.50

-3.32%

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 100 day SMA of 844.4

Mangalam Cement Ltd.

16 Nov 2017

799.50

-3.32%

Mangalam Cement - 2QFY18 Result Update

Buy: Mangalam Cement Ltd.

Reliance Securities

Aided by strong demand environment with production shutdown by Binani Cement in Northern region and utilisation ramp up in Aligarh GU, MCL's sales volume grew by a robust 23% YoY to 0.6mnT. Utilisation for Aligarh GU stood at 45%, which the Management expects to take...

Mangalam Cement Ltd. is trading above its 50 day SMA of 767.8

Mangalam Cement Ltd.

16 Nov 2017

799.50

-3.32%

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 below its 100 day SMA of 844.4

Mangalam Cement Ltd.

10 Aug 2017

799.50

-3.32%

Mangalam Cement - 1QFY18 Result Update

Buy: Mangalam Cement Ltd.

Target

Reliance Securities

Mangalam Cement (MCL) has reported a strong operating performance in 1QFY18 amid cost pressures, as operating profit came in at Rs405mn (-16% YoY and +64% QoQ), which is higher than our estimate of Rs311mn. Better-than-expected improvement in realisations (+9% YoY and +11% QoQ) was the sole reason for robust operating performance. However, operating cost/ tonne rose by ~17% YoY and 3% QoQ to Rs3,417 mainly owing to significant jump in Power & Fuel cost (due to high petcoke price) and freight costs (led by loading restrictions). EBITDA/tonne stood at Rs648 in 1QFY18 vs. Rs795 and Rs357 in 1QFY17 and 4QFY17, respectively. MCL's sales volume grew by 3.3% YoY to 0.63mnT mainly supported by increased volume from Aligarh...

Mangalam Cement Ltd. is trading below its 100 day SMA of 844.4

Mangalam Cement Ltd.

16 May 2017

799.50

-3.32%

Mangalam Cement

Buy: Mangalam Cement Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Mangalam Cement's Q4FY17 results were above our expectations. Revenues increased 21.0% YoY to | 254.3 crore (above I-direct estimate: | 220.5 crore) led by 14.7% YoY increase in volumes to 0.69 MT (vs. I-direct estimate of 0.62 MT) mainly led by 0.75 MT capacity expansion at Aligarh, UP. Realisation improved 5.5% YoY to | 3,677 (vs. I-direct estimate of | 3,557) EBITDA margin declined from 14.1% to 9.7% in Q4FY17 (above Idirect estimate of 8.2%) mainly led by a rise in power & fuel cost (up...

Mangalam Cement Ltd. is trading above its 50 day SMA of 767.8

Mangalam Cement Ltd.

14 Feb 2017

799.50

-3.32%

Mangalam Cement

Buy: Mangalam Cement Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Mangalam Cement's Q3FY17 results were above our estimates. Revenues increased 10.2% YoY to | 233.0 crore (above I-direct estimate: | 200.4 crore) led by 9.3% YoY increase in volumes to 0.65 MT (vs. I-direct estimate: 0.55 MT) mainly led by 0.75 MT capacity expansion at Aligarh, UP. Realisation improved 0.8% YoY to | 3,607 (vs. I-direct estimate of | 3,670) EBITDA margin increased from 4.4% to 8.8% in Q3FY17 (above Idirect estimate of 4.2%) mainly led by a decline in raw material...

Mangalam Cement Ltd. is trading below its 100 day SMA of 844.4

Is Mangalam Cement Ltd. worth buying?

82 Votes:

Buy 85.37%

Sell 8.54%

Hold 6.1%