BSE: 503626
Manglam Global Corporations Li
Trades agricultural commodities from a base in Hoshangabad, Madhya Pradesh, and is building a food processing vertical through recently acquired subsidiaries. FY26 total income was Rs 19.34 crore, up 393% from the prior year, with a net profit of Rs 33.56 lakh; the auditor flagged that purchases from farmers routed through APMC mandis were made in cash without formal documentation. The company has acquired two wholly owned food processing subsidiaries: Shri Krishnam Industries Private Limited (pulse processing and dal milling, acquired for Rs 63 lakhs, incorporated February 2020 but not yet commenced operations) and Manglam Food Products Private Limited (rice, grains, pulses, flour and spices, acquired for Rs 6 crore in cash, incorporated March 2026 with no independent turnover). Related party transactions with promoter-linked entities including Shri Satguru Agromills have been approved covering sale and purchase of agri commodities. Costs are dominated by other operating expenses (2.4% of revenue) with employee cost at 0.3%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Agri-commodity trading, Food processing (subsidiaries). Small BSE-listed entity transitioning from an investment company (formerly Kshitij Investments) to agri-commodity trading and food processing
Exhibit 1: Financial summary, – (all audited; no estimate years)
| ₹ crore · consolidated |
|---|
| Revenue |
| EBITDA (ex other income) |
| margin % |
| Owners' profit |
| EPS, as reported (₹) |
| ROE % · ROCE % |
| Debt / equity (x) |
| Cash from operations |
| Capex |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q1 FY27 |
|---|---|
| Revenue | 14 |
| Profit before tax | 0 |
| Net profit | 0 |
| EPS (₹) | 0.15 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CRISIL LTD | 33,999 | 38.5 | 10.39 | — | 13.7 | 16.1 | — | 30.6 |
| ONEMI TECHNOLOGY SOL LTD | 5,509 | 19.5 | 4.10 | 9.4 | 21.0 | 18.8 | — | 32.0 |
| GYFTR LIMITED | 1,234 | — | 2.54 | 37.9 | 4.5 | 5.3 | 32.8 | 4.3 |
| CENTRUM CAPITAL LIMITED | 969 | — | 0.74 | 9.7 | (21.4) | (2.5) | 49.7 | 29.7 |
| PRIME SECURITIES LIMITED | 968 | 172.9 | 3.78 | — | 5.1 | — | 25.7 | 19.0 |
| WEALTH FRST PORT. MG. LTD | 881 | 26.7 | 5.18 | 16.9 | 22.5 | 30.3 | — | 97.5 |
| REGENCY FINCORP LIMITED | 571 | 52.3 | 3.56 | — | 8.4 | — | — | 84.3 |
| STELLANT SECURITIES (INDIA) LT | 529 | — | 1687.57 | — | 18.2 | 18.2 | — | 56.7 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 108.2 | 19.0 | 68 of 76 | 11% |
| EBITDA margin | 2.0 | 25.6 | 65 of 91 | 29% |
| Market cap | 16 | 26 | 68 of 113 | 40% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · Quarterly demat certificate filing under SEBI Regulation 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closed ahead of Q2 results | compliance | minimal | — | — |
| 21 Sept 2026 · Further equity investment of Rs 1.79 Cr in wholly owned subsidiary | capex operations | low | — | — |
| 17 Sept 2026 · Special resolution passed for preferential equity share issuance | board shareholder meetings | low | — | — |
| 17 Sept 2026 · Invests Rs 21 lakh more in wholly owned subsidiary Shri Krishnam Industries | strategic transactions | low | — | — |
| 17 Sept 2026 · Board approves tax auditor, MD dual directorship, bank signatories | board shareholder meetings | low | — | — |
| 16 Sept 2026 · 2nd EGM held; preferential equity share issuance put to member vote | board shareholder meetings | low | — | — |
| 10 Sept 2026 · Board meeting on Sept 17 to appoint tax auditor DMKH and Co | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Appointment of Company Secretary and Compliance Officer | management changes | medium | — | — |
| 26 Aug 2026 · Board okays 4x credit limit hike, subsidiary investment, key changes | 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.