NSE: MANORG · BSE: 514418
MANGALAM ORGANICS LIMITED
Manufactures camphor at a facility in Khopoli, Raigad (Maharashtra), where Camphor Plant I suffered a fire in July 2025 for which an insurance claim of Rs 12.58 crore has been filed with New India Assurance. The cost structure is raw-material heavy, with materials at 58.7% of revenue, employee costs at 8%, other operating expenses at 25.2%, and depreciation at 4.4% in FY26. A subsidiary called Mangalam Brands has its own Rs 80 crore bank facilities. Consolidated FY26 total income was Rs 62,732.05 lakhs versus standalone at Rs 51,744.58 lakhs, indicating material contribution from the subsidiary. Long-term bank facilities of Rs 397 crore carry a CRISIL BBB+/Stable rating from CRISIL. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Camphor manufacturing, Subsidiary operations (Mangalam Brands). Materials-heavy specialty chemicals manufacturer with a single disclosed product (camphor) at a single plant site
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 491 | 493 | 494 | 530 | 623 |
| EBITDA (ex other income) | 91 | (3) | 39 | 59 | 84 |
| margin % | 18.5 | (0.6) | 7.8 | 11.1 | 13.5 |
| Owners' profit | 54 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 62.68 | (31.63) | 4.92 | 14.60 | 29.64 |
| ROE % · ROCE % | 17.7 · 21.3 | (9.9) · (6.2) | 1.5 · 6.4 | 4.3 · 11.5 | 8.1 · 15.9 |
| Debt / equity (x) | 0.70 | 0.69 | 0.62 | 0.91 | 1.12 |
| Cash from operations | (83) | 64 | 58 | (51) | (55) |
| Capex | (100) | (41) | (40) | (67) | (63) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 138 | 124 | 150 | 147 | 158 | 164 | 154 | 179 |
| Profit before tax | 3 | 5 | 7 | 15 | 4 | 5 | 9 | 9 |
| Net profit | 2 | 4 | 5 | 12 | 3 | 4 | 6 | 7 |
| EPS (₹) | 2.48 | 4.25 | 5.92 | 14.28 | 3.73 | 5.07 | 6.56 | 8.49 |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · Newspaper ad on SEBI Special Window for Physical Share Transfer Requests | compliance | minimal | — | — |
| 6 Oct 2026 · Quarterly dematlerization certificate submitted to exchanges | compliance | minimal | — | — |
| 26 Sept 2026 · Shareholders approve M/s JMT & Associates as Statutory Auditor for 5-year term | management changes | medium | — | — |
| 26 Sept 2026 · Trading Window Closed for Q2 FY27 Financial Results | compliance | minimal | — | — |
| 26 Sept 2026 · Mangalam Organics 44th AGM: All 8 Resolutions Passed with Overwhelming Majority | board shareholder meetings | medium | — | — |
| 25 Sept 2026 · Promoter group pledges 11.36 lakh shares with Jio Credit for subsidiary loan | ownership changes | high | — | — |
| 24 Sept 2026 · 44th AGM held on Sep 24, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 23 Sept 2026 · Independent Director Mr. Sidharath Singh Sekhon passes away | management changes | high | — | — |
| 29 Aug 2026 · AGM notice and annual report sent to shareholders without registered email | compliance | minimal | — | — |
| 29 Aug 2026 · 44th AGM on Sep 24, 2026 via VC; FY26 revenue up 17% to Rs 623 Crore | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.