One of the penny stocks engaged in manufacturing and deals in edible, non-edible oil, seeds, and its derivatives. The stock has skyrocketed 10.89 percent after the company’s board considered a stock split.
Stock Price Movement
In Thursday’s trading session, Mangalam Global Enterprise Limited’s share jumped to an intraday high of 10.89 percent from the previous close of Rs. 29.09. The stock opened at Rs. 29.94 and is currently trading at Rs. 32, with a high of Rs. 32.26 and a low of Rs. 29.17. The market capitalization now stands at approximately Rs. 527.29 crore.
What Happened
Mangalam Global Enterprise Limited has announced a board meeting on January 13, 2025, to consider the proposal for the sub-division or stock split of each existing equity share with a face value of Rs. 2. The proposal, subject to shareholder and regulatory approval, also includes an alteration of the company’s Memorandum of Association.
Products Offering
The company specializes in producing refined castor oil, castor de-oiled cake, high-protein castor de-oiled cake, and cotton products, including cotton seeds and bales, catering to diverse industrial and agricultural needs.
Manufacturing Facilities
The company operates a cotton processing unit in Harij, Gujarat, and two castor processing units in Harji and Palanpur, with a combined capacity of 220 MT of Castor De-Oiled Cake and 225 MT of refined oil daily. It supplies products across India and exports to Thailand and Oman.
Also read….
Recent quarter results and ratios
Mangalam Global Enterprise Limited’s revenue has increased from Rs. 411.97 crore in Q2 FY24 to Rs. 517.84 crore in Q2 FY25, which has grown by 25.70 percent. The net profit of Mangalam Global Enterprise Limited has also grown by 2116 percent, from Rs. 0.25 crore in Q2 FY24 to Rs. 5.54 crore in Q2 FY25.
Mangalam Global Enterprise Limited’s revenue and net profit have grown at a CAGR of 38.29 percent and 56.87 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE should be 14.1 percent and 14.7 percent, respectively. The debt-to-equity ratio of the company is to be 0.92x. Mangalam Global Enterprise Limited’s EPS is to be Rs. 1.53.
Shareholding pattern
In September 2024, Mangalam Global Enterprise Limited had a majority stake held by the promoters at 72.01 percent and the public at 27.98 percent.
Company Overview
Mangalam Global Enterprise Limited was incorporated in 2010 and specializes in the manufacturing and trading of edible and non-edible oils, seeds, and their derivatives, including refined castor oil. Part of the Ahmedabad-based Mangalam Group, the company serves both domestic and international markets with its agricultural product offerings.
Written By – Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Start Your Stock Market Journey Today!
Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!
