---
title: "Mangalam Worldwide Ltd (MWL) — Share Price, Financials & Analysis"
symbol: "MWL"
company: "Mangalam Worldwide Ltd"
canonical: "https://tapetide.com/stocks/MWL"
isin: "INE0JYY01029"
nse_symbol: "MWL"
bse_code: "544764"
sector: "Metals & Mining"
industry: "Trading Metals"
market_cap_cr: 1175.55
generated_at: "2026-09-13T20:07:43.197Z"
---

# Mangalam Worldwide Ltd (MWL)

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

## Company

- **NSE Symbol:** MWL
- **BSE Code:** 544764
- **ISIN:** INE0JYY01029
- **Sector:** Metals & Mining
- **Industry:** Trading Metals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2025-09-18
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** mangalamworldwide.com

## About

Incorporated in 1995, Mangalam Worldwide Ltd manufactures and trades steel products and other merchandise. It also provides consultancy service[1]

## Latest Price

- **Price:** ₹40.6
- **Change:** +1.04 (+2.63%)
- **Open:** ₹38.95
- **Day High:** ₹41.9
- **Day Low:** ₹38.25
- **Previous Close:** ₹39.56
- **Volume:** 1344494
- **As Of:** 2026-09-11T10:22:41+00:00

## Key Fundamentals

Observed at 2026-09-11T04:48:52.050192Z.

- **Market Cap:** ₹1175.55 Cr
- **Classification:** Microcap
- **P/E (reported):** 22.6
- **P/E (TTM):** 23.33
- **EPS (TTM):** ₹1.74
- **Book Value:** ₹10.09
- **Price to Book:** 3.92
- **Dividend Yield:** 0.08%
- **ROE:** 16.41%
- **ROCE:** 21.44%
- **Debt to Equity:** 0.79
- **Revenue (yearly):** ₹1215 Cr
- **Net Income:** ₹50.1 Cr
- **EBITDA:** ₹97.8 Cr
- **52-Week High:** ₹43.94
- **52-Week Low:** ₹20
- **RSI (14):** 52.44

## Tapetide Score

- **Score:** 43 / 100
- **Score date:** 2026-09-04
- **Archetype:** Expensive and Under Pressure
- **What it means:** The multiple is demanding and the trend has turned against it, without the financial strength that would justify paying up. What matters is whether the de-rating stops at the multiple or starts showing up in the numbers.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Falling
- **Percentile:** 22.3 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 24.95 | 9% |
| growth | 57.53 | 9% |
| momentum | 3.08 | 12% |
| ownership | 65.14 | 24% |
| quality | 52.17 | 22% |
| valuation | 34.26 | 24% |

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

## Key Insights

### Strengths

- Company has delivered good profit growth of 79.4% CAGR over last 5 years

### Weaknesses

- Tax rate seems low
- Working capital days have increased from 54.9 days to 77.9 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 127.97% | 342.5% | — |
| ebitda margin growth | 1.37% | 42.98% | 55.71% | 257.78% |
| net income growth | -22.08% | 69.83% | 54% | 79% |
| revenue growth | 18.91% | 13.98% | 23% | 32% |
| roce | -0.52% | 14.96% | 26.04% | 21.78% |
| roe | -21.8% | 45.48% | 13.35% | -39.76% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 199 | 181 | 237 | 229 | 238 | 270 | 324 | 276 | 317 | 350 | 265 | 316 |
| Expenses | 190 | 170 | 225 | 217 | 225 | 255 | 309 | 260 | 296 | 324 | 237 | 287 |
| Operating Profit | 9 | 11 | 12 | 12 | 13 | 15 | 15 | 16 | 21 | 26 | 28 | 29 |
| OPM % | 4.5 | 6 | 4.9 | 5 | 5 | 6 | 4.7 | 6 | 7 | 7 | 10 | 9 |
| Other Income | 1 | 0 | 2 | 1 | 2 | 2 | 2 | 4 | 1 | 0 | 2 | 1 |
| Interest | 4 | 4 | 4 | 5 | 5 | 7 | 7 | 7 | 9 | 10 | 10 | 14 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
| Profit before tax | 4 | 5 | 7 | 6 | 7 | 8 | 8 | 10 | 10 | 14 | 16 | 13 |
| Tax % | 49 | -16 | -58 | 5 | -2 | -1 | -2 | -3 | -2 | 1 | 6 | 6 |
| Net Profit | 2 | 6 | 12 | 6 | 7 | 8 | 8 | 10 | 11 | 14 | 15 | 12 |
| EPS in Rs | 0.09 | 0.25 | 0.41 | 0.23 | 0.27 | 0.27 | 0.29 | 0.34 | 0.35 | 0.47 | 0.52 | 0.4 |

### Profit & Loss

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 302 | 522 | 644 | 818 | 1060 | 1207 | 1248 |
| Expenses | 297 | 510 | 625 | 779 | 1005 | 1116 | 1145 |
| Operating Profit | 6 | 12 | 19 | 38 | 55 | 91 | 104 |
| OPM % | 1.9 | 2.2 | 3 | 4.7 | 5 | 8 | 8 |
| Other Income | 0 | 10 | 6 | 4 | 7 | 7 | 4 |
| Interest | 2 | 2 | 4 | 15 | 24 | 37 | 43 |
| Depreciation | 0 | 1 | 5 | 7 | 9 | 10 | 11 |
| Profit before tax | 4 | 19 | 16 | 20 | 30 | 51 | 54 |
| Tax % | 26 | 33 | -12 | -12 | 0 | 1 | — |
| Net Profit | 3 | 12 | 18 | 23 | 30 | 50 | 52 |
| EPS in Rs | 90 | 0.69 | 0.7 | 0.84 | 0.99 | 1.69 | 1.74 |
| Dividend Payout % | 0 | 15 | 14 | 12 | 2 | 2 | — |

### Balance Sheet

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.2 | 18 | 24 | 26 | 30 | 30 |
| Reserves | 13 | 27 | 111 | 154 | 226 | 270 |
| Borrowings | 17 | 47 | 85 | 103 | 192 | 236 |
| Other Liabilities | 17 | 30 | 39 | 131 | 189 | 393 |
| Total Liabilities | 47 | 123 | 259 | 414 | 636 | 929 |
| Fixed Assets | 2 | 51 | 92 | 103 | 99 | 95 |
| CWIP | 0 | 0 | 0 | 2 | 0 | 16 |
| Investments | 5 | 4 | 3 | 3 | 32 | 30 |
| Other Assets | 40 | 68 | 164 | 306 | 506 | 788 |
| Total Assets | 47 | 123 | 259 | 414 | 636 | 929 |

### Cash Flow

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 6 | 2 | -61 | -10 | -87 | 24 |
| Cash from Investing Activity | -1 | -40 | -38 | -20 | -7 | -25 |
| Cash from Financing Activity | -4 | 43 | 98 | 26 | 94 | 2 |
| Net Cash Flow | 1 | 4 | -1 | -4 | 0 | 1 |
| Free Cash Flow | 4 | -49 | -101 | -21 | -91 | -1 |
| CFO/OP | 111 | 14 | -324 | -26 | -158 | 27 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 12 | 11 | 30 | 44 | 58 | 49 |
| Inventory Days | 42 | 31 | 46 | 84 | 123 | 181 |
| Days Payable | 27 | 16 | 9 | 28 | 49 | 44 |
| Cash Conversion Cycle | 27 | 26 | 67 | 100 | 131 | 186 |
| Working Capital Days | 5 | -8 | 29 | 39 | 48 | 78 |
| ROCE % | — | 17 | 10 | 14 | 14 | 18 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 63.97% | 63.97% | 66.05% | 63.54% | 63.54% | 67.41% | 67.41% | 66.5% | 66.5% | 66.5% | 66.5% | 66.5% |
| FIIs | 0% | 0.06% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.26% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.36% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 25.92% | 26.02% | 24.89% | 27.42% | 27.66% | 24.55% | 24.42% | 25.12% | 25.01% | 24.84% | 23.57% | 22.76% |
| Others | 10.11% | 9.94% | 9.06% | 9.04% | 8.8% | 8.04% | 8.17% | 8.38% | 8.49% | 8.3% | 9.93% | 10.47% |
| No. of Shareholders | 752 | 1030 | 1242 | 1330 | 1261 | 1145 | 1127 | 1096 | 1060 | 1754 | 1683 | 2824 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 7 / 4 / 8

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 38.65 | Buy |
| EMA (10) | 39.16 | Buy |
| SMA (20) | 39.62 | Buy |
| EMA (20) | 42.34 | Sell |
| SMA (50) | 59.07 | Sell |
| EMA (50) | 87.82 | Sell |
| SMA (100) | 209.87 | Sell |
| EMA (100) | 152.59 | Sell |
| SMA (200) | 239.06 | Sell |
| EMA (200) | 195.15 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 27.34 | Buy |
| MACD (12,26,9) | -8.96 | Buy |
| Stochastic (14,3,3) | 45.24 | Neutral |
| ADX (14) | 60.38 | Buy |
| Williams %R (14) | -41.52 | Neutral |
| ATR (14) | 3.27 | High Volatility |
| ROC (12) | 1.81 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 39.43 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 29 April 2026 - Board approved FY26 audited results, Rs0.30 dividend, BSE Main Board listing proposal, and MD redesignation effective Apr 29, 2026. | [Outcome of Board Meeting 29 April 2026 - Board approved FY26 audited results, Rs0.30 dividend, BSE Main Board listing proposal, and MD redesignation effective Apr 29, 2026.](https://nsearchives.nseindia.com/corporate/MWL_29042026223911_MWL-BMOutcome-29-04-2026_Auditor_and_director.pdf) |
| 11 Sep - Mangalam Worldwide clarifies no undisclosed event behind recent share price and volume surge. | [Clarification On Increase In Volume. 11 Sep - Mangalam Worldwide clarifies no undisclosed event behind recent share price and volume surge.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9163d159-8a8a-4cae-8ca6-69bba0230cba.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d908e054-afbe-4109-9e17-70732ca03396.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0f89393e-6e90-4153-ae8e-4d8815183423.pdf) |
| 2026-09-07 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bd0b35b1-ac66-43e2-a468-d0af66a01792.pdf) |
| 2026-09-03 | [Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors Of Mangalam Worldwide Limited (The Company) Held On Today I.E. On Thursday September 03 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=25fe7824-f8b5-44db-972b-79c93045042b.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=127d91c8-4240-4a42-9490-9e1111ac9baa.pdf) |
| 2026-08-27 | [Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6494eeb6-0d0b-4a3e-8ace-f45c566766e7.pdf) |
| 2026-08-24 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=11b3929e-c30f-4e5a-83ec-58c66d592e4b.pdf) |
| 2026-08-24 | [Announcement under Regulation 30 (LODR)-Resignation of Director](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9d870c3b-cc1e-4776-9158-650d6465b435.pdf) |
| 2026-08-07 | [Investor Presentation On Unaudited Financial Results Of Mangalam Worldwide Limited (The Company) For The Quarter Ended On June 30 2026 (Q1 FY27).](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=78558270-acfe-4e47-8ece-cdc14e6c048b.pdf) |
| 2026-08-07 | [Revised Investor Presentation On Unaudited Financial Results Of Mangalam Worldwide Limited (The Company) For The Quarter Ended On June 30 2026 (Q1 FY27).](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ab310abc-9753-432b-8ca0-433dc516f4e0.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-24 | [Financial Results For The Quarter Ended On June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0ecde70c-cabf-47b7-a61a-a1bd14c56de6.pdf) |
| 2026-05-15 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MWL_15052026185320_OUTCOMEOFBOARDMEETING15052026.pdf) |
| 2026-04-29 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MWL_29042026224325_MWL-BMOutcome-29-04-2026_Auditor_and_director.pdf) |
| 2026-04-29 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MWL_29042026224606_MWL-BMOutcome-29-04-2026_Auditor_and_director.pdf) |
| 2026-04-29 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MWL_29042026215137_MWL-BMOutcome-29-04-2026.pdf) |
| 2026-04-29 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MWL_29042026224112_MWL-BMOutcome-29-04-2026_Auditor_and_director.pdf) |
| 2026-02-24 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MWL_24022026161853_OUTCOMEBM24022026.pdf) |
| 2026-01-17 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MWL_17012026194010_Outcome_BM_17012026-Revised.pdf) |
| 2026-01-17 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MWL_17012026161058_Outcome_BM_17012026_S.pdf) |
| 2025-10-17 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MWL_17102025162125_BM_OUTCOME_17102025_S.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26882_MWL_2024_2025_A_12072025193819.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_24724_MWL_2023_2024_30072024175721.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_22045_MWL_2022_2023_21062023161703_06212023170001.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_20944_MWL_2021_2022_29082022194927_08292022200005.zip) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6e1ac1a6-7e80-45f9-b1bf-57c9dddcad2b.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2024 | [Concall - Sep 2024](https://nsearchives.nseindia.com/corporate/MWL_23092024191039_Q1FY25InvestorPresentation_23092024.pdf) |
| Oct 2023 | [Concall - Oct 2023](https://nsearchives.nseindia.com/corporate/MWL_23102023161300_MWL_TRASCRIPT_CONCALL.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/MWL_08112024181127_IPQ2FY25.pdf) |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/MWL_08052025141713_InvestorPresentation_Q4FY25_08052025_S.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://nsearchives.nseindia.com/corporate/MWL_10062024185904_InvestorsPresentation_10062024.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://nsearchives.nseindia.com/corporate/MWL_01022025123444_NSEINVESTORPRESENTATIONSIGNED.pdf) |
| Dec 2023 | [Concall - Dec 2023](https://nsearchives.nseindia.com/corporate/MWL_07122023124715_InvestorPresentation07122023.pdf) |
| Dec 2023 | [Concall - Dec 2023](https://nsearchives.nseindia.com/corporate/MWL_08122023140740_Revised_Investor_Presentation_08122023.pdf) |

---

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 2026-09-13T20:07:43.197Z.