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Latest filing: 2026-08-08 16:26
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filings — grounded in each document, but not investment advice and possibly incomplete.
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13 announcements match the current filters (relevance ≥ 5).
44% YoY Profit Drop to ₹18.07 Cr for Mangalam Cement in Q1 FY27
Mangalam Cement reported a weak set of results for Q1 FY27, with Net Profit declining 44% YoY to ₹18.07 Cr from ₹32.26 Cr. Revenue remained nearly flat at ₹455.22 Cr, up just 0.8% YoY. The profitability squeeze was primarily driven by a significant swing in inventory accounting and a 10.6% rise in finance costs to ₹18.27 Cr. Despite a 5.6% reduction in power and fuel expenses, the operating margin faced pressure from the competitive North Indian market.
Confidence: HIGH
What changedThe company experienced a sharp decline in quarterly profitability despite stable revenue, largely due to higher inventory-related costs and rising interest expenses.
Why it mattersThe margin compression highlights the company's limited pricing power in a cyclical industry and its vulnerability to operational cost swings, especially given its high Debt-to-Equity ratio of 0.91.
Revenue (Q1 FY27): ₹455.22 CrNet Profit (Q1 FY27): ₹18.07 CrYoY Profit Growth: -44.0%Finance Cost: ₹18.27 CrDebt to Equity Ratio: 0.91
📅 Short termThe stock may face downward pressure in the short term as the market reacts to the significant bottom-line miss and margin contraction.
📈 Long termThe company's long-term goal of reaching ₹2,000 Cr revenue with 18% margins remains a challenge given the current regional competitive intensity and lack of a national moat.
⚠ Risk flags
- Significant margin compression
- High debt levels (₹888 Cr)
- Geographical concentration in North India/Rajasthan
Key Highlights
Net Profit declined 44% YoY to ₹18.07 Cr compared to ₹32.26 Cr in the same quarter last year.
Revenue from operations grew marginally by 0.8% to ₹455.22 Cr from ₹451.74 Cr.
Finance costs increased by 10.6% YoY to ₹18.27 Cr, reflecting the company's ₹888 Cr debt burden.
Power and fuel costs, a major expense, decreased by 5.6% YoY to ₹103.71 Cr.
Inventory changes resulted in a ₹34.57 Cr charge this quarter versus a ₹20.20 Cr credit in Q1 FY26.
👀 What to Watch
Investors should monitor the company's ability to improve realizations in the Rajasthan market and track the recovery of the remaining Petcoke advance following the AED 1.80 million already recovered.
15.17 MW Solar Plant Commissioned to Reduce Power Costs
Mangalam Cement has successfully commissioned a 15.17 MW (AC) / 22 MW (DC) captive solar power project in Barmer, Rajasthan. The supply of solar power commenced on August 6, 2026, under a Group Captive Open Access model. This is a strategic move to mitigate high energy costs, which currently represent 27% of the company's cost structure. The project was developed on a Build-Own-Operate (BOO) basis by Suryadeep RJ-1 Projects Private Limited.
Confidence: HIGH
What changedThe company has moved from a Power Purchase Agreement (signed in September 2024) to active power consumption from its captive solar project.
Why it mattersFor a cement player with energy representing over a quarter of its costs, captive solar provides a hedge against grid tariff hikes and helps maintain PBILDT margins above the 18% target.
Solar Capacity (AC): 15.17 MWSolar Capacity (DC): 22 MWEnergy Cost % of Structure: 27%PBT Impact of 10% Power Cost Rise: Rs 45.8 CrEffective Date: August 6, 2026
📅 Short termPositive sentiment expected as the market recognizes the immediate commencement of cost-saving measures.
📈 Long termStructurally improves the cost base and ESG profile, helping the company move toward its INR 2,000 Cr revenue target with better margin stability.
⚠ Risk flags
- Regulatory changes in Rajasthan state open access charges
- Operational performance of the third-party BOO developer
Key Highlights
Commissioned 15.17 MW (AC) / 22 MW (DC) solar power plant in Barmer, Rajasthan
Short-Term Open Access (STOA) for power evacuation became effective on August 6, 2026
Energy costs account for 27% of the company's total cost structure
A 10% increase in power and fuel costs previously impacted the bottom line by Rs 45.8 Cr
Project developed under the Group Captive Generation Mechanism on a BOO basis
👀 What to Watch
Investors should monitor the 'Power & Fuel' cost line item in the Q2 and Q3 FY27 results to quantify the actual margin improvement from this renewable energy transition.
Mangalam Cement proposes ₹1,000 Cr increase in borrowing limit to ₹3,000 Cr
Mangalam Cement has issued a notice for its 50th Annual General Meeting (AGM) scheduled for August 21, 2026. The company is seeking shareholder approval to increase its borrowing limits from ₹2,000 Cr to ₹3,000 Cr, a 50% increase in headroom. A final dividend of ₹1.50 per share (15%) has been proposed for the financial year ended March 31, 2026. Additionally, the company is seeking an enabling resolution to provide loans or guarantees to entities in which directors are interested, as per Section 185 of the Companies Act.
Confidence: HIGH
What changedThe company is seeking to expand its borrowing capacity by ₹1,000 Cr and is formalizing the dividend payout for the previous financial year.
Why it mattersThe 50% increase in the borrowing limit to ₹3,000 Cr is substantial compared to the current net worth of ₹978 Cr, providing significant financial flexibility for future growth or capital expenditure to reach its ₹2,000 Cr revenue target.
Proposed Borrowing Limit: ₹3,000 CrIncrease in Borrowing Headroom: ₹1,000 CrFinal Dividend: ₹1.50 per shareCurrent Debt: ₹888 CrProposed Limit vs Net Worth: 306.7%Cost Auditor Remuneration: ₹1,77,464
📅 Short termThe stock may see minor interest leading up to the August 14 record date for the dividend; however, the AGM notice is largely procedural in the immediate term.
📈 Long termThe increased borrowing limit suggests the company is preparing for a new phase of capital deployment, which is necessary to scale operations beyond its current regional concentration.
⚠ Risk flags
- Potential for significant increase in leverage (D/E) if the full borrowing limit is utilized
- Related-party transaction risks associated with the Section 185 enabling resolution
Key Highlights
Proposed increase in borrowing limits from ₹2,000 Cr to ₹3,000 Cr under Section 180(1)(c).
Declaration of a final dividend of ₹1.50 per equity share (15%) for FY 2025-26.
Record date for dividend eligibility and e-voting set for August 14, 2026.
Ratification of Cost Auditor remuneration of ₹1,77,464 for the financial year ending March 31, 2027.
Special resolution proposed to authorize loans, guarantees, or securities under Section 185.
👀 What to Watch
Investors should monitor the AGM voting results on August 21, 2026, and watch for management commentary regarding the specific utilization of the increased borrowing headroom for potential capacity expansion.
Mangalam Cement Announces ₹1.50 Dividend for FY 2025-26; Sets Record Date for Aug 14
Mangalam Cement Limited has recommended a final dividend of ₹1.50 per equity share (15% of face value) for the financial year 2025-26. The dividend is subject to shareholder approval at the upcoming Annual General Meeting scheduled for August 21, 2026. The company has established August 14, 2026, as the record date to identify eligible shareholders. Payments are expected to be processed on or after August 25, 2026, net of applicable Tax Deduction at Source (TDS).
Key Highlights
Recommended dividend of ₹1.50 per equity share of ₹10 each for FY 2025-26.
Record date for determining dividend eligibility is fixed as August 14, 2026.
Annual General Meeting (AGM) for shareholder approval is scheduled for August 21, 2026.
Dividend payment to commence on or after August 25, 2026, following approval.
Standard TDS of 10% applies for resident shareholders with valid PAN, increasing to 20% without PAN.
👀 What to Watch
Investors interested in the dividend should ensure they hold the stock before the record date of August 14, 2026. It is also advised to update PAN and bank details with the Depository Participant to ensure correct tax treatment and timely credit.
Mangalam Cement FY26 Net Profit Jumps 186% to ₹128.9 Cr; ₹1.50 Dividend Declared
Mangalam Cement reported a robust performance for FY26, with net profit soaring to ₹128.95 crore from ₹45.06 crore in FY25. While a deferred tax credit of ₹55.14 crore significantly aided the bottom line, Profit Before Tax also grew by 34.5% to ₹94.19 crore. The company recommended a final dividend of ₹1.50 per share and appointed Pankaj Kumar as Joint President (Operations). Revenue grew 4.6% YoY to ₹1,758.41 crore.
Key Highlights
Net Profit increased 186% YoY to ₹128.95 crore, supported by a ₹55.14 crore deferred tax credit.
Revenue from operations rose 4.6% to ₹1,758.41 crore for the full year ended March 31, 2026.
Board recommended a final dividend of ₹1.50 per equity share with a record date of August 14, 2026.
Full-year EPS rose to ₹46.90 from ₹16.39 in the previous year.
Profit Before Tax (PBT) grew to ₹94.19 crore from ₹69.99 crore YoY despite ₹21.76 crore in exceptional items.
👀 What to Watch
The sharp rise in PAT is partly due to one-time tax adjustments, but the 34% PBT growth shows solid operational improvement. Investors should monitor the impact of new labor codes and legal proceedings mentioned in exceptional items.
Mangalam Cement FY26 Net Profit Surges 186% to ₹128.95 Cr; Declares ₹1.50 Dividend
Mangalam Cement reported a stellar performance for FY26, with net profit jumping 186% year-on-year to ₹128.95 crore, driven by improved operational efficiencies and a significant deferred tax credit. Annual revenue from operations grew 4.6% to ₹1,758.41 crore compared to the previous fiscal. The Board has recommended a final dividend of ₹1.50 per share, representing a 15% payout on face value. Additionally, the company has appointed Pankaj Kumar as Joint President (Operations) to its senior management team.
Key Highlights
Net Profit for FY26 rose sharply to ₹12,895.03 lakhs from ₹4,506.31 lakhs in FY25.
Annual Revenue from operations increased to ₹1,75,840.61 lakhs from ₹1,68,098.78 lakhs.
Recommended a final dividend of ₹1.50 per equity share with a Record Date of August 14, 2026.
Basic and Diluted EPS saw a massive jump to ₹46.90 from ₹16.39 in the previous year.
Total Comprehensive Income for the year reached ₹12,953.37 lakhs versus ₹4,439.10 lakhs in FY25.
👀 What to Watch
Investors should view the significant bottom-line growth and improved EPS as a strong positive signal. The stock remains attractive for dividend seekers with the record date approaching in August.
Mangalam Cement FY26 Net Profit Surges 186% to ₹128.95 Cr; Recommends ₹1.50 Dividend
Mangalam Cement reported a significant jump in net profit for FY26, reaching ₹128.95 crore compared to ₹45.06 crore in FY25, primarily driven by a substantial deferred tax credit of ₹55.14 crore. Annual revenue from operations grew by 4.6% to ₹1,758.41 crore, despite a slight 2.5% dip in Q4 revenue year-on-year. The company has recommended a final dividend of ₹1.50 per share and appointed Pankaj Kumar as Joint President (Operations). Exceptional items totaling ₹21.76 crore were recorded, relating to labor code adjustments and legal disputes over petcoke advances.
Key Highlights
Annual Net Profit increased by 186% YoY to ₹12,895.03 Lakhs in FY26.
Revenue from operations for FY26 rose to ₹1,75,840.61 Lakhs from ₹1,68,098.78 Lakhs in FY25.
Recommended a final dividend of ₹1.50 per equity share with a record date of August 14, 2026.
Q4 FY26 profit was bolstered by a one-time deferred tax credit of ₹5,840.25 Lakhs.
Exceptional items of ₹2,175.75 Lakhs include provisions for new labor codes and a legal dispute over a petcoke advance.
👀 What to Watch
While the net profit growth is impressive, investors should be aware that it was heavily supported by tax credits rather than pure operational expansion. The stock remains a watch for how management handles rising other expenses and the resolution of legal proceedings regarding raw material advances.
Mangalam Cement Declared Preferred Bidder for Mining Lease in Jaisalmer, Rajasthan
Mangalam Cement Limited has been declared the preferred bidder for a mining lease in the Minyun Ki Dhani Main block, Jaisalmer, Rajasthan. The company participated in a forward e-auction conducted on April 21, 2026, following a tender notice issued by the Directorate of Mines and Geology, Rajasthan, in February 2026. Securing this lease is a strategic move to ensure long-term raw material security for its cement production operations. This development is expected to support the company's operational stability and potential future capacity expansions.
Key Highlights
Declared preferred bidder for the Minyun Ki Dhani Main mining block in Jaisalmer, Rajasthan.
Participated in the forward e-auction on MSTC portal held on April 21, 2026.
The auction process was initiated by the Directorate of Mines and Geology, Rajasthan, via NIT dated February 27, 2026.
Securing the lease provides critical raw material (limestone) security for the company's manufacturing plants.
👀 What to Watch
Investors should view this as a positive step toward securing the company's supply chain and long-term growth. Monitor for future updates regarding the estimated mineral reserves and the financial impact of the lease acquisition.
Mangalam Cement Commissions 1.20 MTPA Grinding Capacity at Aligarh Unit
Mangalam Cement has successfully commissioned an additional 1.20 MTPA grinding capacity at its Aligarh unit in Uttar Pradesh. This expansion significantly increases the Aligarh unit's total capacity to 1.95 MTPA and the company's overall grey cement capacity to 5.60 MTPA. The move is strategically aimed at improving market reach in Northern India and optimizing logistics costs. This capacity addition is expected to drive volume growth and improve operational efficiency in the upcoming quarters.
Key Highlights
Commissioned 1.20 MTPA additional grinding capacity at the Aligarh, Uttar Pradesh unit
Total grinding capacity at the Aligarh unit increased from 0.75 MTPA to 1.95 MTPA
Company's total grey cement manufacturing capacity reached 5.60 MTPA
Expansion focuses on enhancing market service efficiency and logistics optimization
👀 What to Watch
Investors should monitor the capacity utilization levels and the impact on logistics costs in future earnings reports. The expansion strengthens the company's competitive position in the high-demand Uttar Pradesh market.
Mangalam Cement Credit Ratings Reaffirmed at CARE A+; Stable for Bank Facilities
CARE Ratings Limited has reaffirmed the credit ratings for Mangalam Cement Limited's bank facilities and commercial paper. The long-term rating for bank facilities worth Rs. 478.41 crore is maintained at 'CARE A+; Stable', despite a reduction in the facility amount from Rs. 567.35 crore. Furthermore, the company saw an enhancement in its long/short-term bank facilities to Rs. 535.00 crore, with ratings reaffirmed at 'CARE A+; Stable / CARE A1+'. Short-term instruments, including commercial paper, continue to hold the highest 'CARE A1+' rating.
Key Highlights
Long-term bank facilities of Rs. 478.41 crore reaffirmed at CARE A+ with a Stable outlook.
Long/Short-term bank facilities enhanced to Rs. 535.00 crore from the previous Rs. 410.00 crore.
Short-term bank facilities and Commercial Paper ratings reaffirmed at CARE A1+.
Reduction in long-term facility amount from Rs. 567.35 crore to Rs. 478.41 crore indicates potential debt reduction.
Stable outlook reflects the rating agency's confidence in the company's financial profile and operational stability.
👀 What to Watch
Investors can take confidence in the company's stable credit profile and its ability to maintain high-grade ratings even with facility adjustments. No immediate action is required as the reaffirmation suggests steady financial health.
Mangalam Cement Proposes Re-appointment of WTD Anshuman Vikram Jalan for 3 Years
Mangalam Cement Limited has issued a postal ballot notice seeking shareholder approval for the re-appointment of Shri Anshuman Vikram Jalan as Whole-Time Director. The proposed term is for three years, effective from April 1, 2026, to March 31, 2029. The remuneration package includes a starting basic salary of ₹18.50 lakh per month and a special allowance of ₹15.50 lakh per month, with provisions for annual increments. Shareholders are invited to vote on this special resolution via e-voting, which concludes on April 5, 2026.
Key Highlights
Re-appointment of Shri Anshuman Vikram Jalan as Whole-Time Director for a 3-year term starting April 2026.
Proposed basic salary of ₹18.50 lakh per month, with a maximum cap of ₹28.00 lakh per month.
Special allowance of ₹15.50 lakh per month, with a maximum cap of ₹20.00 lakh per month.
Entitled to a commission not exceeding 1% of the net profits of the company.
E-voting period ends on April 5, 2026, with results to be announced by April 7, 2026.
👀 What to Watch
Investors should evaluate the proposed executive compensation package against the company's historical profit growth and industry standards. While leadership continuity is positive, the significant fixed salary component requires monitoring of future performance.
Mangalam Cement Q3 PAT Jumps 45% YoY to ₹11.35 Cr; Revenue Dips 3.9%
Mangalam Cement reported a strong 45.3% YoY growth in Net Profit for Q3 FY26, reaching ₹11.35 crore, despite a 3.9% decline in revenue to ₹421.39 crore. The 9-month performance is particularly robust, with PAT surging 126% YoY to ₹63.72 crore, driven by better operational efficiencies. The company also re-appointed Shri Anshuman Vikram Jalan as Whole-time Director for a three-year term starting April 2026. An exceptional item of ₹1.03 crore was recorded during the quarter due to the implementation of new Labour Codes.
Key Highlights
Net Profit for Q3 FY26 rose 45.3% YoY to ₹1,135.11 lakhs from ₹781.07 lakhs in the previous year.
Revenue from operations decreased by 3.9% YoY to ₹42,138.68 lakhs in the December quarter.
9-month FY26 Net Profit witnessed a massive 126% jump to ₹6,371.57 lakhs compared to ₹2,815.44 lakhs in the prior year period.
Board approved the re-appointment of Chairman Anshuman Vikram Jalan as Whole-time Director for a 3-year term.
Exceptional charge of ₹102.93 lakhs recognized as past service cost following the enforcement of new Labour Codes.
👀 What to Watch
Investors should take note of the significant margin expansion and the strong 9-month profit trajectory which suggests improved operational efficiency. While the quarterly revenue dip is a minor concern, the overall bottom-line growth remains a positive signal for the stock.
Rajasthan Govt Rejects Mangalam Cement's Bid for 408-Hectare Limestone Block
The Government of Rajasthan has rejected Mangalam Cement's bid for a mining lease covering 408.2974 hectares in Kota, despite the company being the preferred bidder. The rejection is based on the final price offer of 35.05% being deemed lower than bids for similar blocks in the region. The company had complied with all procedural requirements, including the upfront payment. Mangalam Cement is currently evaluating legal recourse and future actions to address this setback.
Key Highlights
Rejection of mining lease for Nimana Duniya Extension Block spanning 408.2974 hectares.
Company's highest final price offer of 35.05% was rejected as comparatively lower than regional benchmarks.
The company had been declared the Preferred Bidder earlier on July 8, 2025.
Management is exploring legal recourse to contest the Government of Rajasthan's order dated December 31, 2025.
👀 What to Watch
Monitor the outcome of potential legal challenges as this impacts the company's long-term raw material security. The rejection could lead to higher procurement costs or delayed expansion if alternative reserves are not secured.
