NSE: MANGLMCEM | BSE: 502157

Value Stock, Under Radar

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721.00 0.25 (0.03%)

29.24% Fall from 52W High

24,289 NSE+BSE Volume

NSE 20 Nov, 2025 10:40 AM (IST)

1,982.6

Market Cap

Above industry Median

0.7

Beta 1Year

Very Low volatility

Mangalam Cement Ltd. share price target and research reports

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

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

Mangalam Cement Ltd.

06 May 2016

721.00

0.03%

Mangalam Cement - 4QFY16 Result Update

Buy: Mangalam Cement Ltd.

Target

Reliance Securities

Mangalam Cement (MCL) has reported better-than-expected operating performance in 4QFY16 mainly on account of a sharp decline in operating cost/tonne (-12% yoy and -14% qoq) to Rs2,838. Notably, usage of 100% petcoke, favourable input costs, improved utilizations from new unit and decline in employees cost (owing to capitalization of cost of employees transferred to Aligarh plant and bonus writeoff- approx up-to Rs10mn) led to decline in operating cost. MCL's sales volume remained tepid (-6% yoy at 0.64mnT) with its endeavour to sell more in Rajasthan market so as to take maximum benefit of sales tax exemption. Notably, the Company has received >Rs15mn as sales tax subsidy from government during 4Q....

Mangalam Cement Ltd. is trading below all available SMAs

Mangalam Cement Ltd.

06 May 2016

721.00

0.03%

Mangalam Cement

Buy: Mangalam Cement Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Mangalam Cement reported a mixed set of numbers. Revenues in the quarter de-grew 10.5% YoY to | 210.2 crore (below I-direct...

Mangalam Cement Ltd. is trading below all available SMAs

Mangalam Cement Ltd.

09 Feb 2016

721.00

0.03%

Mangalam Cement: Q3FY16 Result Review: Lower cost drives operating profit (Feb 09, 2016)

Hold: Mangalam Cement Ltd.

Target

Karvy

Mangalam Cement Q3FY16 Revenue/EBITDA at Rs 2.1bn/Rs 92 mn were better than our expectation on account of higher than expected volumes and lower than expected RM cost/ton (because of higher inventory).

Mangalam Cement Ltd. is trading below all available SMAs

Mangalam Cement Ltd.

08 Feb 2016

721.00

0.03%

Mangalam Cement

Buy: Mangalam Cement Ltd.

Recommendation Target

ICICI Securities Limited

Mangalam Cement Ltd. is trading below all available SMAs

Mangalam Cement Ltd.

05 Feb 2016

721.00

0.03%

Mangalam Cement 5Feb2016

Sell: Mangalam Cement Ltd.

Phillip Capital

After quite a while, MGC has shown signs of recovery in its operating numbers. Volumes havedoneprettywellbutvolumegrowthcouldhavebeenbetter.MGCisareasonablysmall setup(3.25mntonnesp.a.capacity)forittooperateatahigherutilisationnotbedifficult....

Mangalam Cement Ltd. is trading below all available SMAs

Mangalam Cement Ltd.

03 Feb 2016

721.00

0.03%

Mangalam Cement - 3QFY16 Result Update

Buy: Mangalam Cement Ltd.

Target

Reliance Securities

Mangalam Cement (MCL) reported a weak operating performance as EBITDA came in at Rs92mn as against our expectation of Rs133mn. EBITDA/tonne (adjusted for bonus provision of Rs10mn) came in at Rs167 as against Rs68 and Rs161 reported in 3QFY15 and 2QFY16, respectively. Sales volume (including clinker) grew by 10% yoy to 0.61mnT. A meaningful decline in power & fuel and freight costs led to a healthy decline in operating cost/tonne to Rs3,300 (declined by ~11% yoy and ~5% qoq). We continue to believe that performance of MCL is likely to improve in ensuing quarter due to: a) likely improvement in pricing environment, b) healthy...

Mangalam Cement Ltd. is trading below all available SMAs

Mangalam Cement Ltd.

18 Nov 2015

721.00

0.03%

Mangalam Cement: Q2FY16 Result Review: Weak realisation drags earnings (Nov 18, 2015)

Hold: Mangalam Cement Ltd.

Recommendation Target

Karvy

Mangalam Cement Q2FY16 revenue at Rs 2bn (down 16% YoY) was in-line with our expectation while EBITDA at Rs 5mn came below our estimate of Rs 35mn. This was on account of lower than expected operating margin which was impacted by high raw material cost.

Mangalam Cement Ltd. is trading below all available SMAs

Mangalam Cement Ltd.

17 Nov 2015

721.00

0.03%

Mangalam Cements 17Nov2015

Sell: Mangalam Cement Ltd.

Recommendation Target

Phillip Capital

yoy; 11% qoq). MGC continues to report dismal volume trends despite an optimistic guidanceconsistentlyoverthepast46quarters. 8 MGCisasmallcapacityof3.25mntnp.a.WefailtounderstandreasonsastowhyMGC...

Mangalam Cement Ltd. is trading below all available SMAs

Is Mangalam Cement Ltd. worth buying?

82 Votes:

Buy 85.37%

Sell 8.54%

Hold 6.1%