The shares of the steel company, specializing in producing various stainless steel products, hit a 20 percent upper circuit after announcing its H2 results, which showed a 1,219 percent jump in net profits Half yearly (HoH).
With a market capitalization of Rs. 114.17 crores on Monday, the shares of Mangalam Alloys Limited hit a 20 percent upper circuit, making a high of Rs. 48.35 per share compared to its previous closing price of Rs. 40.30 per share. Mangalam Alloys Limited, engaged in producing various stainless steel products, has announced robust results as follows.
Its Revenue from operations rose by 43 percent YoY from Rs. 164 Crores in H2FY24 to Rs. 234 Crores in H2FY25, and it grew by 19 percent HoH from Rs. 197 Crores in H1FY25 to Rs. 234 Crores in H2FY25.
Its Net Profit rose 127 percent YoY from Rs. 5.46 Crores in H2FY24 to Rs. 12.4 Crores in H2FY25, and it rose by 1,219 percent HoH from Rs. 0.94 Crores in H1FY25 to Rs. 12.4 Crores in H2FY25.
The earnings per share (EPS) for the half-yearly period stood at Rs. 5.03, compared to Rs. 0.38 in the previous half-year, and the Company’s P/E ratio is 8.67, which is lower than the industry average of 21.51.
Mangalam Alloys Ltd. (MAL) was established in 1988 and subsequently registered as a Public Company in 1995. MAL is a stainless steel melting unit covering 40,000 sq. meters of land with an installed capacity of 40,000 TPA. MAL., with a turnover of Rs. 2500 million, has more than 700 employees and is one of the leading companies in the steel manufacturing industry.
Mangalam Alloys Ltd. (MAL) manufactures a wide range of stainless steel and alloy steel products, including ingots, round bars, flat bars, hex and square bars, angles, sheets, plates, and fasteners. Their products are used in various industries such as automotive, construction, and engineering, and are supplied both in India and internationally.
Written by Sridhar J
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