Mangalam Cement Limited (MANGLMCEM)

Construction Materials · Cement & Cement Products · NSE · Updated 15 July 2026

₹984.55 ↑ 30.33% (1Y)

🎯 Key Takeaways

Mangalam Cement Limited is transitioning from a period of financial distress to a phase of operational recovery and shareholder return, marked by strong profitability growth and a proposed dividend. The company has demonstrated significant earnings expansion, with net profit surging 575% YoY in Q4 2026, signaling improved operational efficiency and demand in the cement sector.
⚠️ Dividend dependency: The proposed dividend is contingent on AGM approval, and any delay or rejection could impact investor sentiment.

Market Cap

₹2,429

P/E Ratio

30.1

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

Mangalam Cement Limited is transitioning from a period of financial distress to a phase of operational recovery and shareholder return, marked by strong profitability growth and a proposed dividend. The company has demonstrated significant earnings expansion, with net profit surging 575% YoY in Q4 2026, signaling improved operational efficiency and demand in the cement sector. Management is now prioritizing capital allocation through dividends, reflecting confidence in sustained cash flows. This turnaround is anchored in robust financial performance and strategic leadership changes.

📰 What's Happening

In Q4 2026, Mangalam Cement reported a 69.9% YoY revenue increase to ₹180,237.96 lakhs and a 575% YoY rise in net profit to ₹12,895.03 lakhs, driven by strong operational performance. The Board recommended a final dividend of Rs. 1.50 per share (15% on paid-up capital), subject to AGM approval on 21 August 2026, with a record date of 14 August 2026 and payment beginning 25 August 2026. Concurrently, Shri Pankaj Kumar was appointed Joint President (Operations) effective 16 May 2026, signaling leadership reinforcement in operations. The company also filed necessary disclosures regarding trading window closures ahead of results, ensuring compliance with SEBI norms.

Source: Stock Announcements

🔮 Management Outlook & What's Next

Management expressed confidence in sustaining the current growth momentum, linking strong financial results to improved operational efficiency and market demand. The Board emphasized the importance of AGM approval for the dividend and outlined plans to leverage leadership enhancements, such as the appointment of Pankaj Kumar as Joint President (Operations), to drive further execution discipline. While no long-term guidance was provided, management indicated that the current dividend policy reflects a commitment to returning surplus cash to shareholders, contingent on AGM clearance.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Cement & Cement Products

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
UltraTech Cement Limited	3.38 L Cr	44.1	12.3%	10.8%	0.33
Grasim Industries Limited	2.00 L Cr	21.1	4.9%	4.6%	1.88
Ambuja Cements Limited	1.07 L Cr	23.3	4.6%	7.7%	0.00
SHREE CEMENT LIMITED	90,094	73.6	—	—	—
JK Cement Limited	42,219	58.6	—	—	—
Dalmia Bharat Limited	32,402	57.5	—	—	—
ACC Limited	25,592	12.0	11.0%	10.4%	0.00
The Ramco Cements Limited	21,650	57.2	—	—	—
JSW Cement Limited	16,793	0.0	—	—	—
The India Cements Limited	12,401	-56.7	—	—	—

🔗 Peer Stock Analyses

ULTRACEMCO GRASIM AMBUJACEM SHREECEM JKCEMENT

⚠️ Risk Factors

1. Dividend dependency: The proposed dividend is contingent on AGM approval, and any delay or rejection could impact investor sentiment. 2. Commodity cyclicality: Cement demand remains vulnerable to macroeconomic slowdowns in construction and infrastructure spending. 3. Input cost volatility: Rising coal and clinker prices could pressure margins if not passed on to customers. 4. Execution risk: Integration and operational improvements from the new Joint President’s appointment have not yet been validated at scale.

📋 Recent Filings

🧠 Analyst's Read

Mangalam Cement is emerging from a period of financial weakness with strong profitability growth and a shareholder-friendly dividend proposal, supported by operational improvements and leadership changes. Investors should monitor AGM approval of the dividend and the pace of operational execution under new management as key near-term catalysts. The stock’s recent performance reflects optimism, but sustainability will depend on consistent demand and margin resilience in a competitive sector.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-15.

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