Expansion to add to revenues

The company has recently commissioned trial of new Cement Grinding Unit of 0.75 Million ton per annum (MTPA) at Aligarh. After this the overall capacity will be enhanced from 3.25 MTPA to 4 MTPA.

This is expected to boost revenues in the coming quarters.

Superb quarterly performance

The company's operating profit showed robust jump by 57 per cent (QoQ) from Rs. 24.87 crores to Rs. 39.05 crores. Net Profit jumped by 60.00% QoQ from Rs. 24.87 crores to Rs. 39.05 crores. It is likely that the momentum would continue.

Low debt to equity

Mangalam Cement has very low debt to equity ratio. This is a major positive when many cement companies are saddled with debt.

Institutions showing faith in the stock

As on 30th June 2016, 5 mutual funds, 2 Foreign Portfolio Investor, 6 Financial Institution/ Banks and 1 Insurance company are having stake in Mangalam Cement with a total 16.21% of holding. This shows that institutions have a faith in the company.

Part of reputed group

Mangalam is a part of giant Birla group, spanning generations, and is conglomerate of various companies with multifarious activities, like Century Textiles, Kesoram Industries, Mangalam Cement, Century Enka and Jay Shree Tea.

Great on the pricing front

Mangalam Cement was second largest performer pricewise in its sector after FY17 Budget rose 121%.

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