Mangalam Seeds (MSL) had a P/E of 17.4× on 6 Nov 2026, above the industry P/E of 14.4×, and the shares are 21% below their 52-week high. Its ROCE of 13% is the second-lowest among the 7 largest Agricultural Inputs peers, and sales grew 20% a year over 3 years while net profit fell 9.3%. Debt is 0.55× equity. It is a small-cap company with a market cap of ₹145 Cr, ranked 49th of 72 Agricultural Inputs companies by market cap; the shares fell 9.0% over the past year.
- ₹126.00
- ₹143.80
- ₹126.00
- ₹134.80
- 327
Health check
- ReturnsAhead
−9.0% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 17.4 vs industry 14.4.
- GrowthSteady
Sales +19.7%, profit −9.3% a year over 3 years.
- ProfitabilityWeak
ROCE 12.5% vs peer median 20.9%.
- Balance sheetFair
Debt 0.55× equity, interest covered 3.9×, Piotroski 5 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
High beta
Key metrics
- Market cap
- ₹145 Cr
- Small cap
- P/E
- 17.4
- Industry 14.4
- Price to book
- 1.58
- Peers 4.28
- Dividend yield
- 0.00%
- ROE
- 9.8%
- Peers 16.2%
- ROCE
- 12.5%
- Peers 20.9%
- Debt to equity
- 0.55
- Debt ₹49 Cr
- EPS (TTM)
- ₹7.58
- Face value ₹10
- OPM (TTM)
- 12.9%
- Net margin 6.7%
- Sales growth
- +25.8%
- Latest quarter vs a year ago
- Profit growth
- +3.1%
- Latest quarter vs a year ago
- Price to sales
- 1.16
- EV/EBITDA 12.2
Strengths and risks
Strengths
- Quarterly sales up 25.8% on a year ago.
About Mangalam Seeds
Mangalam Seeds Limited produces, processes, and markets hybrid and GM seeds in India. It offers grain, oil, spicy, pulse, fiber, fodder, kitchen garden vegetable, and hybrid vegetable seeds. The company markets its products through distributors, dealers, and retailers. Mangalam Seeds Limited was incorporated in 2011 and is based in Ahmedabad, India.
- Headquarters
- Ahmedabad
- Employees
- 89
- Sector
- Basic Materials
- ISIN
- INE829S01016
- Website
- mangalamseeds.com
Price range
- Avg volume (3M)
- 591
- 1-year return
- minus 9.0%
- From 52-week high
- minus 21.0%
Peers · Agricultural Inputs
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| COROMANDELCoromandel International | 1,824.00 | minus 4.00% | 53,724 | 34.5 | 17.0 | 20.9% | 9.4% | 0.11 | 10.2% | minus 12.4% |
| FACTFertilisers and Chemicals Travancore | 750.25 | minus 1.24% | 48,547 | – | 703.5 | 14.2% | 0.0% | 2.95 | 0.0% | minus 15.3% |
| UPLUPL | 534.90 | plus 1.60% | 45,214 | 23.9 | 6.0 | 9.9% | 20.0% | 0.83 | −1.2% | minus 28.0% |
| PIINDPI Industries | 1,735.00 | minus 1.98% | 26,321 | 30.0 | 13.1 | 14.7% | 24.2% | 0.03 | 1.1% | minus 51.9% |
| SUMICHEMSumitomo Chemical India | 328.95 | plus 0.34% | 16,419 | 29.4 | 21.0 | 21.0% | 20.3% | 0.02 | −2.6% | minus 34.4% |
| CHAMBLFERTChambal Fertilizers & Chemicals | 384.70 | minus 0.91% | 15,413 | 8.1 | 5.7 | 21.8% | 13.7% | 0.16 | −9.2% | minus 19.4% |
| BAYERCROPBayer Cropscience | 3,316.30 | plus 0.48% | 14,904 | 20.0 | 15.4 | 27.9% | 16.0% | 0.03 | 3.6% | minus 31.7% |
| MSLMangalam Seeds | 132.00 | minus 2.08% | 145 | 17.4 | 11.8 | 12.5% | 8.3% | 0.55 | 19.7% | minus 9.0% |
| Median of 7 peers | – | −0.91% | 26,321 | 26.6 | 15.4 | 20.9% | 16.0% | 0.11 | 0.0% | −28.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 49.1 | 18.3 | 28.9 | 15.9 | 61.8 | |
| 43.2 | 14.2 | 25.6 | 12.8 | 56.1 | |
| 6 | 4.1 | 3.2 | 3 | 5.7 | |
| 12.1% | 22.3% | 11.2% | 19.2% | 9.3% | |
| 0 | 0 | 0 | 0 | 0.1 | |
| 1.1 | 1.1 | 1.1 | 0.8 | 0.9 | |
| 0.4 | 0.5 | 0.5 | 0.6 | 0.6 | |
| 4.5 | 2.5 | 1.7 | 1.6 | 4.3 | |
| 13.0% | 29.5% | 22.7% | 19.5% | 8.7% | |
| 3.9 | 1.8 | 1.3 | 1.3 | 4 | |
| 3.55 | 1.63 | 1.16 | 1.18 | 3.61 |
Profit & loss
- Sales CAGR 3Y
- +19.7%
- Profit CAGR 3Y
- −9.3%
- EPS CAGR 3Y
- −9.3%
- ROE
- 9.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 65.4 | 112 | 103 | 112 | |
| – | +71.9% | minus 8.2% | +8.8% | |
| 49.3 | 91.7 | 85 | 95.9 | |
| 16.1 | 20.7 | 18.2 | 16.3 | |
| 24.6% | 18.4% | 17.6% | 14.6% | |
| −0 | −0.5 | −0.2 | −0.4 | |
| 1.5 | 2.6 | 3.9 | 3.6 | |
| 1.2 | 1.6 | 1.6 | 2 | |
| −0.1 | −0.1 | 0.1 | −0 | |
| 13.3 | 15.9 | 12.5 | 10.3 | |
| 17.0% | 17.0% | 17.6% | 19.6% | |
| 11.1 | 13.2 | 10.3 | 8.3 | |
| – | +19.1% | minus 22.0% | minus 19.8% | |
| 10.08 | 12.01 | 9.37 | 7.52 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11 | 11 | 11 | 11 | |
| 45.6 | 58.8 | 69 | 77.5 | |
| 17.6 | 57.1 | 64.9 | 49.4 | |
| 3.9 | 8.4 | 16.5 | 26 | |
| 78.1 | 135 | 161 | 164 | |
| 34 | 63.4 | 70.3 | 62 | |
| 6.8 | 9.5 | 17.6 | 11.5 | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| 4.1 | 7.4 | 1.7 | 1.8 | |
| 33.1 | 55 | 71.8 | 88.6 | |
| 78.1 | 135 | 161 | 164 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.1 | −0.7 | −0.2 | 13.7 | |
| −2 | −32.4 | −9.2 | 6 | |
| −1.8 | 36.4 | 3.6 | −19.6 | |
| 1.3 | 3.3 | −5.7 | 0.1 | |
| −2 | −31.2 | −9.4 | −6.3 | |
| 3.1 | −31.9 | −9.6 | 7.5 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.