One of the penny stocks engaged in manufacturing and deals in edible, non-edible oil, seeds, and its derivatives. The stock has jumped 3.93 percent after the company’s board to considers a share split of 2:1
Stock Price Movement
In Tuesday’s trading session, Mangalam Global Enterprise Limited’s share jumped to an intraday high of 3.93 percent from the previous close of Rs. 26.69. The stock opened at Rs. 26.69 and is currently trading at Rs. 27.21, with a high of Rs. 27.74 and a low of Rs. 26.68. The market capitalization now stands at approximately Rs. 448.36 crore.
What Happened
Mangalam Global Enterprise Limited’s Board has approved a stock split, dividing each equity share of Rs. 2 face value into two shares of Re. 1 face value each, subject to shareholder and regulatory approvals. The record date for the split will be announced later, aiming to enhance share liquidity and affordability for investors.
Products Offering
Mangalam Global Enterprise Limited specializes in producing high-quality refined castor oil (first-stage grade), castor de-oiled cake, and high-protein castor de-oiled cake. They also offer cotton seeds and bales, trade in raw cotton and castor seeds, and process edible and non-edible oils, including mustard and soya products.
Market Presence
The company exports its products to international markets such as Thailand and Oman, while also serving domestic markets across several Indian states, including Gujarat, Maharashtra, and West Bengal
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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 2,116 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 27.99 percent.
Company Overview
Mangalam Global Enterprise Limited was incorporated in 2010 and is based in Ahmedabad, India. The company specializes in manufacturing refined castor oil and its derivatives. The company also produces cotton products and engages in trading raw cotton and seeds, serving both domestic and international markets.
Written by – Nikhil Naik
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