In Week of Mar 28, 2026, Mangalam Cement Ltd (Cement) is outperforming Nifty 500 with +13.5% relative strength. Fundamentals: Weak. On a 7-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: 76 bps OPM improvement demonstrates effective cost management in volatile input price environment
“PBDIT margin improved to 10.68% from 9.92% YoY demonstrating effective cost management”
What: Effective tax rate decreased to 27.06% from 40.06% YoY
“Tax expense resulted in effective tax rate of 27.06% vs 40.06% in Q3 FY25”
What: Interest expenses consume 29.31% of operating profits, creating potential for PAT boost if reduced
“Interest expenses of ₹15.34 crores consumed 29.31% of operating profits”
Earnings deceleration risks from management commentary
Trigger: Operating conditions deterioration
Management view: EBIT-to-interest coverage ratio of just 1.93 times constrains debt servicing ability
Monitor: EBIT-to-interest coverage ratio
Trigger: Continued regional demand weakness
Management view: Revenue decline contrasts with sector growth trajectory suggesting market share losses
Monitor: Quarterly revenue growth
Trigger: Reduction in other income
Management view: Other income dependency is an unsustainable reliance on non-operating sources
Monitor: Other income as % of PBT
Key quotes from recent conference calls
“The company's operating profit before depreciation, interest, tax, and other income (PBDIT excluding OI) stood at ₹45.01 crores, representing a 10.68% margin—a meaningful 76 basis points improvement over the 9.92% recorded in Q3 FY25. This margin expansion demonstrates effective cost management in an environment characterised by volatile input prices and competitive pricing pressures across the cement industry. — Management”
“The company's 3.88% year-on-year revenue decline in Q3 FY26 contrasts with the cement sector's overall growth trajectory, suggesting market share losses or regional demand weakness in its core operating geographies of Rajasthan and Uttar Pradesh. — Management”
“Interest expenses of ₹15.34 crores in Q3 FY26 consumed 29.31% of operating profits, limiting funds available for growth investments and shareholder returns. — Management”
“Other income constituted 47.11% of PBT in Q3 FY26—an unsustainable reliance on non-operating sources — Management”
Forward-looking targets from management
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | -4% | +2% | Inflection Down |
| PAT (Net Profit) | +38% | -17% | Stable |
| OPM | 11.0% | +100 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Mangalam Cement Ltd's latest quarterly results (Dec 2025) show
Mangalam Cement Ltd's profit is growing with an stable trend.
Mangalam Cement Ltd's revenue growth trend is inflecting downward.
Mangalam Cement Ltd's operating margin is volatile.
Mangalam Cement Ltd's long-term compounding rates
Mangalam Cement Ltd's earnings growth is stable with weakening on a sequential basis.
Mangalam Cement Ltd's trailing twelve month (TTM) performance
Mangalam Cement Ltd appears significantly overvalued based on our fair value analysis.
Mangalam Cement Ltd's current PE ratio is 26.5x.
Mangalam Cement Ltd's current PE is 26.5x.
Mangalam Cement Ltd's price-to-book ratio is 2.4x.
Mangalam Cement Ltd is rated Weak with a fundamental score of 39.88/100. This score is calculated from objective financial metrics
Mangalam Cement Ltd has a debt-to-equity ratio of N/A.
Mangalam Cement Ltd's return ratios over recent years
Mangalam Cement Ltd's operating cash flow is positive (FY2025).
Mangalam Cement Ltd's current dividend yield is 0.19%.
Mangalam Cement Ltd's shareholding pattern (Dec 2025)
Mangalam Cement Ltd's promoter holding has remained stable recently.
Mangalam Cement Ltd has been outperforming Nifty 500 for 7 consecutive weeks, indicating building momentum.
Mangalam Cement Ltd is an established outperformer with 7 weeks of consecutive Nifty 500 outperformance.
Mangalam Cement Ltd has 3 key growth catalysts identified from recent earnings analysis
Mangalam Cement Ltd has 3 key risks worth monitoring
In Q3 FY26, Mangalam Cement Ltd's management highlighted
Mangalam Cement Ltd's management has provided the following forward guidance
Based on quantitative research signals, here is why Mangalam Cement Ltd may be worth studying
Mangalam Cement Ltd investment thesis summary:
Mangalam Cement Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
