---
title: "Manglam Infra & Engineering Ltd (MIEL) — Share Price, Financials & Analysis"
symbol: "MIEL"
company: "Manglam Infra & Engineering Ltd"
canonical: "https://tapetide.com/stocks/MIEL"
isin: "INE0R3101011"
nse_symbol: "MIEL"
sector: "Commercial Services"
industry: "Consulting Services"
market_cap_cr: 22.17
generated_at: "2026-09-13T19:25:05.724Z"
---

# Manglam Infra & Engineering Ltd (MIEL)

Canonical page: https://tapetide.com/stocks/MIEL

## Company

- **NSE Symbol:** MIEL
- **ISIN:** INE0R3101011
- **Sector:** Commercial Services
- **Industry:** Consulting Services
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2024-07-31
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** manglaminfra.com

## About

Incorporated in 2010, Manglam Infra and Engineering Ltd offers infrastructure development and engineering services[1]

## Latest Price

- **Price:** ₹12.3
- **Change:** -0.3 (-2.38%)
- **Open:** ₹12.3
- **Day High:** ₹12.3
- **Day Low:** ₹12.3
- **Previous Close:** ₹12.6
- **Volume:** 2000
- **As Of:** 2026-09-11T09:08:14+00:00

## Key Fundamentals

Observed at 2026-09-11T04:38:24.828779Z.

- **Market Cap:** ₹22.17 Cr
- **Classification:** SME
- **P/E (reported):** 7.1
- **Book Value:** ₹26.94
- **Price to Book:** 0.47
- **Dividend Yield:** 0%
- **ROE:** 6.62%
- **ROCE:** 9.67%
- **Debt to Equity:** 0.06
- **Revenue (yearly):** ₹36 Cr
- **Net Income:** ₹3.1 Cr
- **EBITDA:** ₹6.5 Cr
- **52-Week High:** ₹28.8
- **52-Week Low:** ₹10.7
- **RSI (14):** 50.08

## Tapetide Score

- **Score:** 53 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Falling
- **Percentile:** 61 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 58.73 | 9% |
| growth | 26.66 | 9% |
| momentum | 1.1 | 12% |
| ownership | 65.12 | 24% |
| quality | 72.67 | 22% |
| valuation | 56.46 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.46 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 13.7% over last 3 years.
- Company has high debtors of 292 days.
- Working capital days have increased from 157 days to 272 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 67.12% | — | -249.78% |
| ebitda margin growth | 35.15% | -37.28% | — |
| net income growth | 6.9% | -53.03% | — |
| revenue growth | -22.25% | 1.04% | — |
| roce | 0.21% | -79.74% | — |
| roe | 0% | 17.48% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 17.36 | 27.82 | 13.01 | 21.86 |
| Expenses | 12.87 | 27.2 | 10.64 | 18.97 |
| Operating Profit | 4.49 | 0.62 | 2.37 | 2.89 |
| OPM % | 25.86 | 2.23 | 18.22 | 13.22 |
| Other Income | 0.29 | 0.78 | 0.63 | 0.54 |
| Interest | 0.2 | 0.32 | 0.36 | 0.19 |
| Depreciation | 0.51 | 1.16 | 0.76 | 0.99 |
| Profit before tax | 4.07 | -0.08 | 1.88 | 2.25 |
| Tax % | 25.8 | 25 | 21.81 | 29.33 |
| Net Profit | 3.03 | -0.1 | 1.47 | 1.6 |
| EPS in Rs | 1.72 | -0.06 | 0.84 | 0.91 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 6m | Mar 2024 9m | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 9.23 | 34.65 | 45.05 | 34.87 |
| Expenses | 5.3 | 24.7 | 39.83 | 29.51 |
| Operating Profit | 3.93 | 9.95 | 5.22 | 5.36 |
| OPM % | 42.58 | 28.72 | 11.59 | 15.37 |
| Other Income | 0.04 | 0.14 | 1.07 | 1.17 |
| Interest | 0.09 | 0.3 | 0.62 | 0.57 |
| Depreciation | 0.2 | 0.89 | 1.66 | 1.75 |
| Profit before tax | 3.68 | 8.9 | 4.01 | 4.21 |
| Tax % | 27.99 | 25.73 | 26.68 | 25.42 |
| Net Profit | 2.65 | 6.62 | 2.93 | 3.14 |
| EPS in Rs | 2.09 | 5.23 | 1.67 | 1.78 |
| Dividend Payout % | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 12.66 | 12.66 | 17.6 | 17.6 |
| Reserves | 0.33 | 4.22 | 26.67 | 29.81 |
| Borrowings | 3.63 | 4.47 | 5.88 | 3.07 |
| Other Liabilities | 11.46 | 12.25 | 14.17 | 11.29 |
| Total Liabilities | 28.08 | 33.6 | 64.32 | 61.77 |
| Fixed Assets | 5.1 | 5.19 | 6.62 | 9.76 |
| CWIP | 0.6 | 0.78 | 2.65 | 0 |
| Investments | 0 | 0 | 14.54 | 7.62 |
| Other Assets | 22.38 | 27.63 | 40.51 | 44.39 |
| Total Assets | 28.08 | 33.6 | 64.32 | 61.77 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.07 | 0.33 | -20.59 | -6.77 |
| Cash from Investing Activity | -0.36 | -1.23 | -4.01 | 7.82 |
| Cash from Financing Activity | 0.44 | 1.39 | 24.33 | -1.14 |
| Net Cash Flow | 0.01 | 0.49 | -0.27 | -0.09 |
| Free Cash Flow | -0.43 | -0.47 | -25.53 | -9.01 |
| CFO/OP | 18 | 12 | -394 | -103 |

### Ratios

| Item | Sep 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 525.55 | 176.13 | 203.04 | 291.83 |
| Cash Conversion Cycle | 525.55 | 176.13 | 203.04 | 291.83 |
| Working Capital Days | 187.44 | 77.53 | 121.37 | 272.47 |
| ROCE % | — | — | 12.9 | 9.5 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 71.97% | 71.97% | 71.97% | 71.97% |
| FIIs | 5.4% | 2.3% | 1.99% | 1.02% |
| DIIs | 0.07% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% |
| Public | 17% | 22.13% | 23.11% | 23.8% |
| Others | 5.56% | 3.6% | 2.93% | 3.21% |
| No. of Shareholders | 993 | 993 | 973 | 923 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 7 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 12.21 | Buy |
| EMA (10) | 12.32 | Sell |
| SMA (20) | 12.55 | Sell |
| EMA (20) | 12.59 | Sell |
| SMA (50) | 12.87 | Sell |
| EMA (50) | 17.97 | Sell |
| SMA (100) | 35.06 | Sell |
| EMA (100) | 31.57 | Sell |
| SMA (200) | 58.73 | Sell |
| EMA (200) | 49.43 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.68 | Neutral |
| MACD (12,26,9) | -0.73 | Buy |
| Stochastic (14,3,3) | 47.37 | Neutral |
| ADX (14) | 16.29 | Neutral |
| Williams %R (14) | -52.63 | Neutral |
| ATR (14) | 0.75 | High Volatility |
| ROC (12) | -2.38 | Sell |
| Stoch RSI (14) | 70.54 | Neutral |
| UO (7,14,28) | 66 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 January 2026 - Non-applicability certificate under Reg 74(5) for quarter ended Dec 31, 2025; all shares dematted, no remat requests. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 January 2026 - Non-applicability certificate under Reg 74(5) for quarter ended Dec 31, 2025; all shares dematted, no remat requests.](https://nsearchives.nseindia.com/corporate/MANGLAMINFRA_08012026152116_74_5__DP.pdf) |
| 8 April 2026 - Regulation 74(5) compliance filed for quarter ended March 31, 2026; all shares remain in demat form. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 April 2026 - Regulation 74(5) compliance filed for quarter ended March 31, 2026; all shares remain in demat form.](https://nsearchives.nseindia.com/corporate/MANGLAMINFRA_08042026122918_Certificate_under_Regulation_74_5__DP_March_2026.pdf) |
| 5 June 2026 - Received four consultancy LOAs from MPRRDA totaling Rs. 1.05 crore for bridge DPR works. | [Awarding of order(s)/contract(s) 5 June 2026 - Received four consultancy LOAs from MPRRDA totaling Rs. 1.05 crore for bridge DPR works.](https://nsearchives.nseindia.com/corporate/MANGLAMINFRA_05062026180757_dpr__Awarded.pdf) |
| 4 Jul - Received MPRRDA LOA for DPR consultancy work worth Rs. 38.54 lakh, executable in 3 months. | [Awarding of order(s)/contract(s) 4 Jul - Received MPRRDA LOA for DPR consultancy work worth Rs. 38.54 lakh, executable in 3 months.](https://nsearchives.nseindia.com/corporate/MANGLAMINFRA_04072026133934_10brg__2_files_merged_.pdf) |
| 4 Jul - Received LOA from MPRRDA for bridge DPR consultancy worth Rs. 47.17 lakh, executable in 3 months. | [Awarding of order(s)/contract(s) 4 Jul - Received LOA from MPRRDA for bridge DPR consultancy worth Rs. 47.17 lakh, executable in 3 months.](https://nsearchives.nseindia.com/corporate/MANGLAMINFRA_04072026133435_5brg__2_files_merged___1_.pdf) |
| 4 Jul - Received LOA from MPRRDA for bridge DPR consultancy worth Rs. 43.61 lakh, executable in 3 months. | [Awarding of order(s)/contract(s) 4 Jul - Received LOA from MPRRDA for bridge DPR consultancy worth Rs. 43.61 lakh, executable in 3 months.](https://nsearchives.nseindia.com/corporate/MANGLAMINFRA_04072026134215_12brg__2_files_merged_.pdf) |
| 31 December 2025 - Postal ballot (cut-off Jan 9, 2026) for MOA alteration and approval to dispose substantially whole undertaking. | [Updates 31 December 2025 - Postal ballot (cut-off Jan 9, 2026) for MOA alteration and approval to dispose substantially whole undertaking.](https://nsearchives.nseindia.com/corporate/MANGLAMINFRA_31122025162440_Outcome_of_Board_Meeting_31-12-2025.pdf) |
| 30 May 2026 - No deviation in ₹2,761.92 lakh IPO proceeds as of March 31, 2026. | [Statement of deviation(s) or variation(s) under Reg. 32 30 May 2026 - No deviation in ₹2,761.92 lakh IPO proceeds as of March 31, 2026.](https://nsearchives.nseindia.com/corporate/MANGLAMINFRA_30052026181551_sod_31-03-2026.pdf) |
| 30 May 2026 - Board approved audited standalone FY26 results; profit was Rs 313.89 lakh; audit opinion unmodified. | [Updates 30 May 2026 - Board approved audited standalone FY26 results; profit was Rs 313.89 lakh; audit opinion unmodified.](https://nsearchives.nseindia.com/corporate/MANGLAMINFRA_30052026173222_Outcome_of_Board_Meeting_Dated_30_May_2026__2_files_merged_.pdf) |
| 30 May 2026 - Audited standalone results for H2/FY26; profit Rs313.89 lakh, unmodified audit opinion, IPO proceeds fully utilized with nil deviation. | [Outcome of Board Meeting 30 May 2026 - Audited standalone results for H2/FY26; profit Rs313.89 lakh, unmodified audit opinion, IPO proceeds fully utilized with nil deviation.](https://nsearchives.nseindia.com/corporate/MANGLAMINFRA_30052026172933_Outcome_of_Board_Meeting_Dated_30_May_2026__2_files_merged_.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30397_MIEL_2025_2026_A_9798823_18082026115906.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27690_MIEL_2024_2025_A_8821521_26082025113247.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:25:05.724Z.