About

Mangalam Seeds Ltd operates in agricultural seeds and allied agricultural-products subsector of Consumer Staples, serving India's farm sector. With market cap ₹152.9 Cr, it is a small-cap player exposed to monsoon patterns, commodity input costs, and agricultural cycles.

Face value: ₹10

Market cap

₹159 Cr

P/E

12.1×

P/B

3.5×

Dividend yield

0%

ROE

—

ROCE

—

Debt / equity

0.39

OPM

18.3%

EPS (TTM)

₹12.0

Book value

₹41.3

52-week high

₹168.8

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue highly volatile (₹13.37–48.15 Cr quarterly range) with OPM swinging 10.75–29.72%, indicating exposure to agricultural commodity costs and input availability that are difficult to predict
Stock down 19.88% YTD despite PE 11.6; unavailable ROE combined with continued volatility suggests market doubts earnings sustainability—verify underlying capital efficiency and financial health
Zero institutional shareholding (0% FII/DII) despite low valuation points to potential liquidity constraints or governance concerns—verify bid-ask spreads and whether this reflects illiquidity or regulatory restrictions
No shareholder distributions since 2017 (last dividend/bonus) despite generating ₹1.51–3.7 Cr net profit per quarter; verify capital-allocation strategy and deployment of retained earnings

Generated analysis · source review pending

Growth drivers

Operating margin improved to 29.72% in Mar 25 from 10.75% low in Dec 24; verify whether this reflects sustainable improvements in cost structure or supply-chain efficiency versus temporary commodity-price favorability
Quarterly revenue range of ₹13.37–48.15 Cr indicates pronounced seasonality typical of seed businesses; verify if company is expanding counter-seasonal revenue or if market access is structurally seasonal
At ₹153 Cr market cap, company operates small within Consumer Staples seeds subsector; verify competitive positioning—whether niche player with differentiation or commodity competitor dependent on volume and price

Generated analysis · source review pending

₹145.0-13.2%1Y

Beta

0.63

Damps index moves

Volatility (1y)

49.6%

Annualised, daily returns

RSI (14)

46.3

Neither overbought nor oversold

Rel. strength (1y)

-21.4%

Behind the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Profit CAGR of 29% over the last 3 years
+Revenue CAGR of 39.7% over the last 3 years
+High promoter holding of 73.2% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

69/100

Business quality: 53
Growth: 98
Valuation: 84
Momentum

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lt Foods LimitedLTFOODSLTFOODS	₹13,862 Cr	₹14,836 Cr	₹11,633 Cr	₹1,247 Cr	10.6%	₹640 Cr	5.7%	20.1%	14.9%	176
Krbl LimitedKRBLKRBL	₹8,604 Cr	₹8,774 Cr	₹6,009 Cr	₹992 Cr	14.8%	₹758 Cr	10.6%	15.5%	11.7%	323
Gujarat Ambuja Exports LimitedGAELGAEL	₹7,233 Cr	₹7,667 Cr	₹6,032 Cr	₹602 Cr	8.1%	₹416 Cr	5.3%	13.2%	9.7%	84
Trualt Bioenergy LimitedTRUALTTRUALT	₹3,812 Cr	₹5,458 Cr	₹2,051 Cr	₹381 Cr	16.8%	₹149 Cr	5.6%	10.8%	6.3%	170
Kaveri Seed Company LimitedKSCLKSCL	₹3,676 Cr	₹3,676 Cr	₹1,279 Cr	₹292 Cr	24.2%	₹250 Cr	21.2%	18.2%	18.2%	396
Amir Chand Jagdish Kumar (Exports) LimitedAEROPLANEAEROPLANE	₹2,156 Cr	₹2,914 Cr	₹2,287 Cr	₹225 Cr	9.9%	₹103 Cr	4.5%	24.1%	11.2%	253
Sanstar LimitedSANSTARSANSTAR	₹2,063 Cr	₹2,083 Cr	₹821 Cr	₹54 Cr	4.8%	₹44 Cr	4.4%	5.5%	5.1%	53
Grm Overseas LimitedGRMOVERGRMOVER	₹1,613 Cr	₹1,979 Cr	₹1,869 Cr	₹102 Cr	5.1%	₹77 Cr	4.2%	23.7%	14.5%	212
Chaman Lal Setia Exports LimitedCLSELCLSEL	₹1,401 Cr	₹1,484 Cr	₹1,478 Cr	₹171 Cr	10.9%	₹125 Cr	8%	19%	14.6%	197
Avt Natural Products LimitedAVTNPLAVTNPL	₹1,338 Cr	₹1,452 Cr	₹822 Cr	₹114 Cr	12.6%	₹84 Cr	9.1%	16.9%	12.2%	327
Gulshan Polyols LimitedGULPOLYGULPOLY	₹1,009 Cr	₹1,401 Cr	₹2,260 Cr	₹134 Cr	4.7%	₹43 Cr	1.2%	7.5%	4.1%	49
Regaal Resources LimitedREGAALREGAAL	₹883 Cr	₹1,493 Cr	₹1,090 Cr	₹133 Cr	11.2%	₹60 Cr	4.9%	15%	15.2%	50

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	41	41	65	112
COGS	27	26	33	33
Gross profit	14	15	33	79
	6	6	17	58
Operating profit (EBITDA)	9	8	16	21
OPM %	21.5%	20.2%	24.5%	18.3%
Depreciation	1	1	1	2
Interest	1	1	2	3
	0	0	0	0
Profit before tax	7	6	13	16
Tax	1	1	2	3
Tax %	14.4%	16.2%	17.2%	17.1%
	6	5	11	13
PAT margin %	14.9%	12.7%	16.9%	11.7%
EPS (₹)	5.6	4.7	—	—
EPS adjusted (₹)	5.6	4.7	—	—
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024

₹ Cr	Mar 2020	Mar 2021	Mar 2022
Equity capital	11	11	11
Reserves	—	29	34
	—	10	18
	—	4	4
Total equity & liabilities	—	54	67
	23	23	25
CWIP	—	5	8
Investments	—	0	0
	—	26	34
Total assets	—	54	67

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	8	-1	5	-1	-0
	-7	-3	-2	-32	-9
	-0	7	-2	36	4
Net cash flow	0	2	1	3	-6
Free cash flow	4	-7	3	-32	-10
CFO / Operating profit %	87.2%	-12.6%	31.9%	-3.3%	—

Compounded sales growth

7 years: —
5 years: —
3 years: 40%
1 year: 72%

Compounded profit growth

7 years: —
5 years: —
3 years: 29%
1 year: 19%

Stock price CAGR

10 years: —
5 years: 10%
3 years: -12%
1 year: -13%

Return on equity

7 years

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Margins
Gross margin %	35.1%	35.8%	50.3%	70.3%
EBITDA margin %	21.5%	20.2%	24.5%	18.3%
EBIT margin %	19.6%	18%	22.7%	16.9%
PAT margin %	14.9%	12.7%	16.9%	11.7%
Working capital
Receivable days	95	94	—	—
Inventory days	137	260	—	—
Payable days	12	10	—	—
NWC days	219	343	—	—
Leverage
Current ratio	2.8	2.25	—	—
Debt to EBITDA	1.12	2.16	—	—
Debt to equity	0.25	0.39	—	—
Interest coverage	8.6	6	9.7	6
Asset turnover	0.76	0.61	—	—
Return ratios
Return on assets %	11.4%	7.7%	—	—
Return on capital employed %	18.1%	15.3%	—	—
Return on equity %	15.3%	11.4%	—	—

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.84%	74.84%	74.84%	74.84%	74.84%	74.35%	74.36%	74.36%	74.36%	74.36%	74.36%	73.24%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.16%	25.16%	25.16%	25.16%	25.16%	25.65%	25.64%	25.64%	25.64%	25.64%	25.64%	26.76%
No. of shareholders	—	—	—	—	—	—	—	—	4,640	4,480	4,312	4,226

Promoter holding down 1.6 percentage points since Sep 2023.

12 deals · 20 Aug 2021 – 29 Nov 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
29 Nov 2024	PIYUSH JASHWANTLAL SHAH	Bulk	BSE	Buy	90,000	₹196.53	₹1.77 Cr
29 Nov 2024	BOSHOBY UTKARSH PATEL	Bulk	BSE	Sell	90,000	₹196.53	₹1.77 Cr
22 Nov 2024	BOSHOBY UTKARSH PATEL	Bulk	BSE	Sell	60,000	₹199.08	₹1.19 Cr
29 Dec 2022	BOSHOBY UTKARSH PATEL	Bulk	BSE	Sell	76,500	₹88.63	₹0.68 Cr
19 Dec 2022	BOSHOBY UTKARSH PATEL	Bulk	BSE	Sell	80,650	₹88.78	₹0.72 Cr
8 Dec 2022	BOSHOBY UTKARSH PATEL	Bulk	BSE	Sell	97,400	₹87.77	₹0.85 Cr
18 Nov 2022	PIYUSH JASHWANTLAL SHAH	Bulk	BSE	Sell	58,369	₹88.52	₹0.52 Cr
16 Nov 2022	PRIYAL BHADRESHKUMAR SHAH	Bulk	BSE	Sell	1,20,000	₹88.34	₹1.06 Cr
15 Nov 2022	PRIYAL BHADRESHKUMAR SHAH	Bulk	BSE	Sell	55,500	₹87.81	₹0.49 Cr
11 Nov 2022	PRIYAL BHADRESHKUMAR SHAH	Bulk	BSE	Sell	60,000	₹87.53	₹0.53 Cr

1–10 of 12

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Mafatlal Jethalal PatelExecutive Director-Chairperson related to Promoter
Mr. Pravinbhai Mafatbhai PatelExecutive Director
Ankit Mahendrabhai SoniChief Fianncial Officer
Mr. Dhanjibhai Shivramdas PatelExecutive Director
Mr. Ashish Damodarbhai PatelNon-Executive - Independent Director
Mr. Sanjaykumar Jasvantlal ShahNon-Executive - Independent Director
Mrs. Siddhi Arjun ShahNon-Executive - Independent Director
Ms. Samiksha Kamal BindraniCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Mangalam Seeds Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

30

Annual reports

10

Offer and rights documents

1

ProspectusListing · 1 Jul 2015

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

2

Final dividend26 Jul 2017 · ex-date₹1
Final dividend15 Sept 2016 · ex-date₹1

1

Board meeting to consider results13 Aug 2026

1

Bonus 1:130 Aug 2017 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

12 announcementsExport CSV

3 Sept 2026, 2:34 pmAGM/EGM

Shareholders Meeting Is To Be Held On 28Th September 2026 At 11.00 A.M At Registered Office Of Company

AGM PDF

3 Sept 2026, 2:21 pmCorp. Action

Intimation Of Book Closure

Book Closure PDF

3 Sept 2026, 2:13 pmOthers

Board Meeting Outcome for Outcome Of Board Meeting Held On 03.09.2026

Outcome without intimation PDF

3 Sept 2026, 2:12 pmOthers

Board Meeting Outcome for Outcome Of Board Meeting Held On 03.09.2026

Outcome without intimation PDF

Date	Category	Subject	Filing
3 Sept 2026, 2:34 pm	AGM/EGM AGM	Shareholders Meeting Is To Be Held On 28Th September 2026 At 11.00 A.M At Registered Office Of Company	PDF
3 Sept 2026, 2:21 pm	Corp. Action Book Closure	Intimation Of Book Closure

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Mangalam Seeds Ltd

Mangalam Seeds Ltd

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Offer and rights documents

Events

Dividends2

Board meetings1

Bonus issues1

Announcements

Not in the F&O segment

Dividends2

Board meetings1

Bonus issues1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

No fund holdings on record

Announcements

Annual reports

Offer and rights documents

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

2

1

1

2

1

1