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Companies›Fast Moving Consumer Goods›Fast Moving Consumer Goods›Agricultural Food & other Products
NSE:MSL

MANGALAM SEEDS LTD.

Fast Moving Consumer Goods › Agricultural Food & other Products
₹134.85
at close · 8 Oct 2026
▼ 8.50 (-5.93%)

Latest filings

  1. 15th AGM voting results: All 4 resolutions passed with 100 percent approval · Board & Shareholder Meetings
  2. All 4 resolutions passed at 15th AGM with 100 percent approval · Compliance
  3. 15th AGM held on Sep 28, 2026; four items taken up for approval · Board & Shareholder Meetings
All filings ↓
Ask Nexa about MANGALAM SEEDS LTD.

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Sells agricultural seeds to Indian farmers, with the Kharif sowing season making Q1 the peak quarter of each fiscal year. Operates through five subsidiaries and one associate, with consolidated FY26 revenue of Rs 112.20 crore. Agriculture is the primary revenue driver, while a small Real Estate segment contributed Rs 1.75 crore in FY26. Raw materials such as seeds and agricultural inputs make up 77.4% of revenue, the dominant cost line. Q2 sees a seasonal dip post-sowing and Q3 shows recovery. Listed on BSE, based in Ahmedabad, and promoter-led under Managing Director Mr. Pravinkumar Mafatbhai Patel.

Operating scale
Subsidiaries and associate
5 subsidiaries + 1 associate
Total shares outstanding
10,980,158FY26 AGM
Promoter group holding
8,164,462 sharesFY26 AGM
Long-term borrowings
Rs 20.23 croreFY26
Who pays it
Indian farmers buying seeds, primarily for the Kharif sowing season
Biggest cost
Raw materials including seeds and agricultural inputs at 77.4% of revenue
Kind of business
Seasonal, agricultural-inputs business with Q1 peak
Where it sits
BSE-listed seeds company with five subsidiaries and one associate
Market Cap
₹148 Cr
P / E (TTM)
17.9×
EV / EBITDA
11.9×
Div Yield
—
Growth
22.2%▲
Revenue 5y CAGR
PAT +6.1% · EBITDA +13.0%
Quality
16.0%▲
ROCE (5y median)
ROE 12.6% (5y median) · margin 14.6%
Leverage
0.55·
Debt / Equity · moderate
Net debt ₹48 Cr
Revenue FY21→FY26
2.7×▲
Margin −7.6 pts
₹41 Cr → ₹112 Cr
Cash conversion
0.35×▼
Operating cash ÷ profit · 5 yrs
₹17 Cr on ₹48 Cr
Where it sits among 68 Other Agricultural Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#38/53
P/B#26/51
ROCE#26/67
ROE#18/51
Debt / Equity#31/51
EBITDA margin#10/45
Revenue growth#37/51
Profit growth#39/51

Scorecard

Measured from the filed financials, judged against its Other Agricultural Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 22% a year over 5 years
Returns on capital 16.0% (5-year median)
#26 of 67 in Other Agricultural Products on the latest reported figures · down from 18.1% in FY21
Concerns
Erratic profits — up in only 2 of the last 5 years
Over 5 years it reported ₹48 Cr of profit and ₹17 Cr of operating cash — 0.35×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 275 days of cash tied up
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

MSL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from MANGALAM SEEDS LTD.'s filed financials and exchange disclosures

What does MANGALAM SEEDS LTD. do?

MANGALAM SEEDS LTD. is a Agricultural Food & other Products company listed on NSE and BSE, trading under the symbol MSL.

Is MANGALAM SEEDS LTD. profitable?

Yes. Over the trailing twelve months MANGALAM SEEDS LTD. reported a net profit of ₹8.25 Cr on revenue of ₹112 Cr.

Does MANGALAM SEEDS LTD. pay a dividend?

Not in the latest reported year — MANGALAM SEEDS LTD.'s dividend payout for FY26 was nil.

Is MANGALAM SEEDS LTD. debt-free?

No. It reported borrowings of ₹49 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹48 Cr after cash. Debt stands at 0.55× equity. That is higher than 60% of its 51 Other Agricultural Products peers.

Is MANGALAM SEEDS LTD. expensive compared with its peers?

On trailing P/E, MANGALAM SEEDS LTD. ranks 38 of 53 in Other Agricultural Products — cheaper than 29% of them, against an industry median of 12.6×. This is a position, not a valuation judgement.

Where can I track MANGALAM SEEDS LTD.'s announcements?

Every NSE and BSE filing by MANGALAM SEEDS LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.