Mangalam Global Enterprise share price today

Mangalam Global Enterprise Ltd's share price was ₹17.98 at the close on 4 November 2026. It has been rising for 21 weeks. That is 19.9% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹10 and ₹18, and at that close it was at the high of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Mangalam Global Enterprise Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 5 weeks in a row.

Over the last 6.9 years the share price moved +430% while the NIFTY 500 moved +124%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

6 points in one quarter and best operating margin in 8 quarters.

1. Profit fell in the September 2026 quarter

   Profit was ₹9 crore, -48% on a year earlier (₹18 crore), after 5 quarters of growth.

2. Promoters cut their stake by 3.6 points in one quarter

   From 72.4% to 68.8% in the September 2026 quarter.

3. Best operating margin in 8 quarters

   Operating margin was 2.3% in the September 2026 quarter, against 1.6% a year earlier.

For July to September 2026 (the quarter ended 30 September 2026), Mangalam Global Enterprise reported revenue of ₹983 crore, up 39.2% from ₹706 crore a year earlier, and a profit of ₹9.25 crore, down 48.0% from ₹17.8 crore.

Mangalam Global Enterprise results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Mangalam Global Enterprise closed at ₹17.98 on 4 November 2026, up 30.0% from ₹13.83 a year earlier (7 November 2025) and up 80.3% over five years. Its highest weekly close since November 2019 was ₹23.67 on 19 August 2022.

Mangalam Global Enterprise share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

369 weekly closes from 29 November 2019 to 4 November 2026.

4 Nov 2026: Mangalam Global Enterprise closed at ₹17.98, up 5.8% on the week and up 17.2% on the month. Results for July to September 2026: Revenue up 39.2% and profit down 48.0% on a year earlier.

Earlier

• 17 Jul 2026: ex-date for a dividend of ₹0.01 a share.
• 4 Mar 2025: Share split: face value cut from ₹2 to ₹1 a share (ex-date).

Mangalam Global Enterprise paid ₹0.01 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.06% at the ₹17.98 close on 4 November 2026. The last was a dividend of ₹0.01 a share, ex-date 17 July 2026.

Mangalam Global Enterprise dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Mangalam Global Enterprise Ltd paid out 1% of its profit as dividends in FY26, and it paid a dividend in each of its last 8 reported years.

From the NSE corporate-actions record, read 5 November 2026.

Operating margin 1 to 3% structurally; single adverse season could push to loss-making territory.

The main risks

• Structural operating margin thinness, commodity price pass-through risk: Operating margin 1 to 3% structurally; single adverse season could push to loss-making territory. ⚠ estimate
• Other-income dependency distorting reported profit: Other income 50 to 88% of profit before tax in 6 of 13 quarters, operating earnings are thinner than headline profit implies. ⚠ estimate
• Operating cash flow inconsistency, working capital-absorbing growth model: Operating cash flow alternating positive/negative, working capital absorbs cash in growth years; FY26 normalized. ⚠ estimate
• Promoter stake decline: Promoter declined 3.5pp over 9 quarters to 71.5%; partial recovery in Dec 2025. ⚠ estimate

Our read after the January to March 2026 results, written 14 June 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

Mangalam Global Enterprise is on 2 of our India lists: Momentum stocks and Penny stocks.

Mangalam Global Enterprise Ltd earned ₹9.3 Cr of net profit in the Sep 2026 quarter, −48.0% on the same quarter a year earlier. Full-year FY26 profit was ₹45.0 Cr. Over 7 years profit has grown 56.0% a year on average. That is 0.9% of the quarter's revenue. The same quarter a year earlier earned ₹17.8 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹45.0 Cr (+95.7% on the year before).

Why profit moved: revenue changed +39.2% on a year earlier and the margin moved +0.7 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +39.5% and revenue +49.7%. Profit is growing slower than sales: rising costs are taking part of the growth.

Mangalam Global Enterprise Ltd reported ₹983 Cr of revenue in the Sep 2026 quarter, +39.2% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 7 years it has grown 36.2% a year on average. The last full year, FY26, came in at ₹3,384 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Gujarat produces ~75% of national castor seed, per. MGEL processes refined castor oil, de-oiled cake, and high-protein meal for domestic and export markets. Revenue grew from in FY22 to in FY26, increase, driven by volume expansion across castor, mustard, and soya segments. Q4 FY26 revenue was +96.3% YoY per, consistent with volume acceleration.

The last four reported quarters add to ₹3,755 Cr.

FY26 revenue was ₹3,384 Cr, +48.4% on the year before.

Recent pace: the last four quarters grew +49.7% on average, against 36.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +44.2%, against +27.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +8.2%, against +21.3% a year (rolling over).

Mangalam Global Enterprise Ltd's operating margin was 2.3% in the Sep 2026 quarter, 0.7 percentage points higher than the same quarter a year ago. Across 8 years it has been between 0.9% and 2.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +0.7 percentage points on the year while gross margin changed +1.2 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 53% of Mangalam Global Enterprise Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹46.0 Cr of operating cash against ₹45.0 Cr of profit. After ₹2.0 Cr of spending on assets, ₹44.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 53% of profit came in as cash: the cash cycle got 14 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: it has been selling more assets than it buys. The next section shows those figures.

Mangalam Global Enterprise Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 49 days in FY26, up from 35 days in FY21. Over the last 3 years it sold more assets than it bought, by ₹11.0 Cr. Customers take 53 days to pay, and stock sits for 18 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹3,384 Cr, each day of that cycle ties up about ₹9.3 Cr, so roughly ₹454 Cr is tied up in the business at any time.

FY26: customers took 53 days to pay and stock sat for 18 days, about 0.6 months of sales sitting as stock, for a full cycle of 49 days, longer than FY21's 35.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 18 days. Customers pay about 53 days after that. Suppliers are paid at 21 days. Together that makes the 49-day cycle.

Over the last 3 years, money from selling assets was ₹11.0 Cr more than it spent on new ones. Work still in progress is ₹0.0 Cr (FY26).

In short: assets are being sold, not built, so this cash is not going into new capacity.

Mangalam Global Enterprise Ltd's P/E is 15.4×, near the low end of its own history: it has been lower only 25% of the time. Its usual P/E (the middle reading) is 20.8×, over 6.9 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹1.18.

Why the multiple is where it is: over the past year earnings per share moved +95.7% while the price moved +30.0%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 5 years the price moved +12.5% a year; about +52.6% a year came from earnings growth and about −40.1 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Worked out from its price on 20 July 2026, Mangalam Global Enterprise Ltd's share price assumed profit growth of about 4.1% a year. Over the past 7 years its profit actually grew 56.0% a year. Today its P/E is 15.4×, lower than 75% of its own last 6.9 years.

This works the share price backwards. It asks one question: what yearly profit growth does the price already assume? The answer is the growth rate at which eleven years of profit (six years of growth, then five years of slowing) add up to that day's market value, after each year is discounted at 11%.

This is a one-day reading, taken on 20 July 2026. Every other number on this page, the multiple included, uses the latest price as of 4 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements.

Mangalam Global Enterprise Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +95.8% at its peak to +8.2%, but the business is still expanding, with ROCE steady at 30.6%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Mangalam Global Enterprise Ltd's story is not scored yet against the checks our research set on 14 June 2026. Where it sits in its own cycle: Not stated in the research file. Still open: OPM 1 to 3% structurally; single adverse season could push to loss-making territory

NOT YET CHECKED

What is proven. See the research file

What is not proven yet. OPM 1 to 3% structurally; single adverse season could push to loss-making territory

What the surface reading misses. The surface reading is: OPM 1.46 to 2.27% appears thin, commodity business with weak profitability The research reads it further: OPM of 1 to 3% is the structural characteristic of a commodity agro processor-trader; the business model is high-volume low-margin by design (distributor/converter per why guards). OPM is currently at 78th %ile of its own 6.8-year history per cycle normalized.margin.opm percentile, suggesting margins are actually near-peak not trough. The inversion: surface reads 'bad business' but cycle context says margins are elevated vs own history.

What the surface reading misses. The surface reading is: ROCE 17%, capital returns improving, attractive The research reads it further: ROCE at 17% is at the TOP of its 5-year observed band (7 to 17% per durability.inflection.annual detail). Through-cycle ROCE is 12% per cycle normalized.roe. Current 17% is 5pp above through-cycle, cyclicality flag=AT PEAK means returns are likely to mean-revert toward 12%. The naive 'high ROCE = quality' read is a cyclical peak read.

Sources: our stock research file (14 June 2026) · quarterly results through Sep 2026. The story check is re-scored every results season; the record below never changes.

Mangalam Global Enterprise Ltd earned a ROCE of 17% in FY26. That is up from a low of 7% in FY22. Its return on capital used (ROIC) is 0.1 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why this happened. ROCE improved from in FY22 to in FY26 per, a 10pp gain over 4 years despite rising borrowings. This suggests asset utilization and working capital turns are improving as the business scales. The through-cycle ROCE is 12% per cycle normalized; current 17% is above-cycle.

It comes from a 1.3% net margin and 4.20× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 1.3% net margin × 4.20× asset turnover × 3.25× leverage (assets divided by equity) ≈ 17.7% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 11.9% − 12.0% = −0.1 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

Mangalam Global Enterprise Ltd has total debt of ₹294 Cr against shareholder equity of ₹267 Cr as of Sep 2026, so its debt is 1.10× its equity. Year by year, that ratio went from 1.71 in FY22 to 0.87 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Domestic institutions raised their stake in Mangalam Global Enterprise Ltd by 5.2 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 5.2% of the company. Promoters moved −3.2 points over the same period, to 68.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: +5.2 points over 8 quarters, to 5.2%; Promoters: −3.2 points over 8 quarters, to 68.8%; Foreign institutions: +0.2 points over 8 quarters, to 0.2%.

Why the owners changed: domestic institutions drove it (+5.2 points), with the other side taken by promoters (−3.2 points). They raised their stake step by step.

For Mangalam Global Enterprise Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

70.1 out of 100, rank 1 of 63 in Trading, with 93% of the evidence available.

Mangalam Global Enterprise Ltd scores 70.1 out of 100 against the 63 companies it is compared with in Trading, ranking 1. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 22.5 + 14.6 + 15.8 + 17.2 = 70.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Mangalam Global Enterprise ranks 1 of 63 Trading companies on the 4-Factor Sector Score, with 70.1 out of 100.