Mangalam Organics Limited (MANORG) Financial Results — Revenue ₹12,258.93 Cr

Investor Takeaways

Revenue from operations increased 69.9% YoY to ₹134.64 crores

Profit before tax rose 261% to ₹542.74 lakhs

Insurance claim reversal of ₹2.02 crores and write-off of ₹5.50 crores in inter-corporate loans contributed to improved cash flow

Board approved audited standalone and consolidated financial results for Q4 and FY26 with unmodified audit opinion

Overall Tone: Positive

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹12258.93 Cr	10%
Net Profit	₹542.74 Cr	261%
EBITDA	Not available	N/A
EPS	Not available	N/A
OPM	Not available	N/A

What Changed

The company reported a 10% year-on-year revenue increase to ₹12,258.93 crores for Q4 FY26, driven by a 69.9% surge in revenue from operations to ₹134.64 crores. Profit before tax surged 261% to ₹542.74 lakhs, reflecting strong operational recovery. The reversal of a ₹2.02 crore insurance claim related to a fire incident and the write-off of ₹5.50 crores in unrecoverable inter-corporate loans improved cash flow from operations. The board approved the audited standalone and consolidated financial results for Q4 and FY26 on May 29, 2026, with an unmodified audit opinion from NGST & Associates, confirming compliance and absence of material uncertainties. These developments underscore enhanced profitability and financial resilience despite prior operational disruptions.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
Mangalam Organics	49.76	N/A	N/A	492.24
Solar Industries India	132.27	N/A	N/A	156,674.48
Pidilite Industries	75.73	N/A	N/A	149,378.89
SRF Limited	69.51	N/A	N/A	79,723.46

Mangalam Organics trades at a lower P/E multiple compared to Solar Industries India and Pidilite Industries, suggesting relatively lower valuation expectations. Its market capitalization is significantly smaller than the peers, reflecting its niche positioning within the chemicals sector.