Mangalam Worldwide share price, P/E, ROE & financials

Mangalam Worldwide (MWL) had a P/E of 20.7× on 6 Nov 2026, above the industry P/E of 19.9×, and the shares are 20% below their 52-week high. It earns ROCE of 21% and ROE of 18%, and sales and net profit grew 23% and 43% a year over 3 years. Its dividend yield is 0.1%, and debt is 1.14× equity. It is a small-cap company with a market cap of ₹1,142 Cr, ranked 52nd of 150 Steel companies by market cap; the shares rose 76% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹38.87
Day high: ₹38.89
Day low: ₹38.11
Prev. close: ₹38.87
Volume: 2.4 L

Health check

3 good · 2 fair · 1 to check

ReturnsAhead
+75.7% over a year, better than 7 of 7 peers.
Price tagIn line
P/E 20.7 vs industry 19.9.
GrowthStrong
Sales +23.3%, profit +42.7% a year over 3 years.
ProfitabilityStrong
ROCE 21.4% vs peer median 18.7%.
Balance sheetFair
Debt 1.14× equity, interest covered 2.4×.
Red flags1 to check
Interest coverage of only 2.5×.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹1,142 Cr, #52 of 150 in its industry by size.

Defensive

Beta 0.63 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹1,292 Cr · profit ₹55 Cr

Market cap: ₹1,142 Cr; Small cap
P/E: 20.7; Industry 19.9
Price to book: 3.41; Peers 2.28
Dividend yield: 0.08%
ROE: 17.8%; Peers 23.4%
ROCE: 21.4%; Peers 18.7%
Debt to equity: 1.14; Debt ₹385 Cr
EPS (TTM): ₹1.86; Face value ₹1
OPM (TTM): 9.5%; Net margin 4.3%
Sales growth: +13.7%; Latest quarter vs a year ago
Profit growth: +31.0%; Latest quarter vs a year ago
Price to sales: 0.88; EV/EBITDA 12.5

Strengths

Return on capital employed of 21.4%.
Quarterly profit up 31.0% on a year ago.

Risks to check

Interest coverage of only 2.5×.

Derived automatically from reported figures. Not a recommendation.

About Mangalam Worldwide

Mangalam Worldwide Limited manufactures and sells stainless steel billets and ingots in India and internationally. The company offers stainless steel billets, flat bars, and round bars. It also provides bright bars, seamless tubes, pipes, and ERW pipes. In addition, the company is involved in the dealing and trading of steel and other merchandise. Further, it provides continuous cast billets; square bars; hexagonal bars; forged quality ingots; forged and…

Headquarters: Ahmedabad
Employees: 509
Sector: Basic Materials
ISIN: INE0JYY01029
Website: mangalamworldwide.com

Price range

52 weeks

₹21.20₹48.00

Today

₹38.11₹38.89

Avg volume (3M): 9.5 L
1-year return: plus 75.7%
From 52-week high: minus 19.9%

Peers · Steel

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
JSWSTEELJSW Steel	1,357.10	plus 0.11%	3,31,265	11.7	12.2	18.7%	17.7%	0.62	3.6%	plus 14.7%
TATASTEELTata Steel	186.30	plus 2.36%	2,32,397	21.1	9.1	11.3%	15.2%	0.89	−1.6%	plus 1.5%
JINDALSTELJindal Steel	1,165.00	plus 1.31%	1,18,594	41.5	14.9	7.5%	15.9%	0.42	−13.1%	plus 6.4%
LLOYDSMELloyds Metals And Energy	1,785.50	minus 1.38%	1,00,482	19.1	18.8	19.4%	37.4%	1.23	71.3%	plus 37.4%
SAILSteel Authority of India	171.60	minus 0.41%	70,880	12.6	8.1	7.2%	12.9%	0.50	2.0%	plus 24.7%
NMDCNMDC	70.40	minus 0.01%	61,894	8.3	6.2	28.4%	30.0%	0.19	22.0%	minus 5.2%
APLAPOLLOAPL Apollo Tubes	2,185.30	minus 0.41%	60,677	46.3	32.7	28.0%	8.2%	0.17	12.6%	plus 23.3%
MWLMangalam Worldwide	38.45	minus 1.08%	1,142	20.7	16.8	–	9.5%	1.14	23.3%	plus 75.7%
Median of 7 peers	–	−0.01%	1,00,482	19.1	12.2	18.7%	15.9%	0.50	3.6%	14.7%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
317	350	265	316	360
296	324	237	287	321
20.8	26.2	27.7	29.1	39.5
6.6%	7.5%	10.5%	9.2%	11.0%
1.4	0.4	1.6	0.6	0.7
9.3	9.8	10.3	13.9	17.9
2.6	2.6	2.6	3.1	4.6
10.3	14.2	16.4	12.7	17.7
−2.0%	1.1%	6.4%	5.5%	22.1%
10.5	14.1	15.4	11.9	13.8
0.36	0.47	0.52	0.40	0.47

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +23.3%
Profit CAGR 3Y: +42.7%
EPS CAGR 3Y: +30.7%
ROE: 17.8%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
644	818	1,061	1,208
–	+26.9%	+29.7%	+13.9%
625	779	1,006	1,117
19.2	38.5	54.7	90.8
3.0%	4.7%	5.2%	7.5%
1.6	3	5.3	7
3.2	13.9	23.8	36.8
5.4	7.3	8.6	10.1
3.5	0.2	1.9	–
15.6	20.5	29.5	50.9
−12.4%	−12.3%	0.0%	1.4%
17.2	21.8	29.5	50.1
–	+26.8%	+35.1%	+70.0%
0.76	0.84	1.03	1.69

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
24.5	26	29.7	29.7
111	154	226	270
84.8	103	192	236
38.8	131	189	393
259	414	636	929
90.6	101	95.1	107
–	1.6	–	16.4
10.8	7.6	8.5	36
5	0.3	0.3	11.3
152	303	532	758
259	414	636	929

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−61.3	−10	−86.7	24.2
−37.9	−20.2	−7.4	−25.5
98	26.4	94	1.9
−1.1	−3.8	−0.1	0.7
−39.8	−11	−4.3	−25.6
−101	−21	−91	−1.4
−0.5	−2.5	−2.6	−0.6

Shareholding pattern

Source: NSE filings

66.5%

promoters

Promoters66.50%
Public33.50%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	66.50%	33.50%	0.00
30 Jun 2026	66.50%	33.50%	0.00
31 Mar 2026	66.50%	33.50%	0.00
31 Dec 2025	66.50%	33.50%	0.00
30 Sep 2025	66.50%	33.50%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you