Mangalam Cement Limited has informed the Exchange that Board of Directors at its meeting held on May 16, 2026, recommended Final Dividend of Rs. 1.5 per equity share.
MANGLMCEM · price
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Mangalam Cement Limited reported strong FY2026 results with net profit surging nearly 3x to Rs. 12,895.03 lakhs from Rs. 4,506.31 lakhs in FY2025. Revenue from operations grew to Rs. 175,840.61 lakhs from Rs. 168,098.78 lakhs. The Board recommended a final dividend of Rs. 1.50 per equity share (face value Rs. 10), subject to shareholder approval at the AGM on August 21, 2026. The record date for dividend eligibility is August 14, 2026. Basic EPS improved significantly to Rs. 46.90 from Rs. 16.39. Exceptional items included Rs. 2,052.45 lakhs provision for doubtful advance related to a foreign Petcoke supplier. The company also appointed Pankaj Kumar as Joint President (Operations).
The 3x jump in net profit and strong revenue growth indicate operational strength. The modest Rs. 1.50 dividend translates to 15% payout ratio, suggesting retained earnings for growth. Shareholders can expect dividend income if approved at the AGM.