Synopsis:
A small-cap company’s shares are in focus today’s trading session after the announcement of Q2 results and increasing sourcing locations for raw materials.

A small-cap company that is engaged in the manufacturing of Cement in India, is in the spotlight today after posting Q2FY26 results. Read the article below for detailed insights into its performance.

With a market capitalization of Rs. 2,079.76 crore, the shares of Mangalam Cement Limited were trading at Rs. 756.35, down by 1.71 percent from its previous closing price of Rs. 769.50. In today’s trading session it has touched an intraday low of Rs. 741 per equity share.

Q2FY26 Results

Mangalam Cement Limited reported Rs. 394.88 crore in revenue for the second quarter of FY26, a 9.95 percent increase over the Rs. 359.14 crore for the same period in FY25. It decreased by 12.58 percent as compared to Rs. 451.74 crore in Q1 FY26.

The company’s EBITDA for Q2 FY26 stood at Rs. 42.7 crore, down by 43.18 percent from Rs. 75.18 crore in Q1 FY26, and rose by 41.76 percent from Rs. 30.12 crore in Q2 FY25.

The consolidated net profit for the second quarter of FY26 was Rs. 20.11 crore, which was 37.67 percent lower than the Rs. 32.26 crore reported in the previous quarter and increased by 513.23 percent from Rs. 3.28 crore in Q2 FY25. Profit growth was also reflected in earnings per share (EPS), which increased to approximately Rs. 7.31 in Q2 FY26 from Rs. 1.19 in Q2 FY25. 

Expansion Plans

The Board of Directors, in its meeting held on 8th November 2025, approved the proposal to open a branch office in Dubai (U.A.E.) for the purchase of Pet Coke, Coal, and related materials.

About the company

Mangalam Cement Limited, incorporated in 1976 and part of the B.K. Birla Group manufactures and sells cement and clinker in India. The company produces Portland Pozzolana, 43 grade, 53 grade, and fly ash–based PPC cement, marketed under the Mangalam ProMaxX and Birla Uttam brands. It operates manufacturing plants in Morak (Rajasthan) and Aligarh (Uttar Pradesh) and is professionally managed by Smt. Vidula Jalan.

A return on equity (ROE) of about 5.70 percent, a return on capital employed (ROCE) of about 9.87 percent and debt to equity ratio at 0.82 demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 26.7x which is lower as compared to its industry P/E 36.8x.  

Shareholding Pattern

As of September 2025, the company’s shareholding pattern shows that promoters hold 40.01 percent of the total equity, Foreign Institutional Investors (FIIs) hold 6.07 percent, while Domestic Institutional Investors (DIIs) own 6.94 percent. The public shareholding stands at 46.97 percent, reflecting a healthy level of retail participation in the company.

Written By Akshay Sanghavi

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