Mangalam Cement Limited, an ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and Energy Management System (EMS) ISO 50001:2018 certified company, was incorporated on October 27th, 1976. The company was promoted in 1978 by the esteemed B.K. Birla Group, an eminent and illustrious industrialist family in India. Initial promoters included Kesoram Industries & Cotton Mills Ltd., The Century Spinning & Mfg. Co. Ltd., The Gwalior Rayon Silk Mfg. (Wvg.) Co. Ltd., and Pilani Investment Corporation Ltd. Rajasthan State Industrial & Mineral Development Corporation Ltd. (RIMC) also participated in the promoters' capital.
As a proud member of the prestigious B.K. Birla Group, Mangalam Cement has firmly established itself as a significant player in India's dynamic cement industry. The company operates with a strong commitment to environmental conservation and sustainable manufacturing practices, reflecting a modern business emphasis on responsible operations.
As a key wing of the B.K. Birla Group, Mangalam Cement specializes in producing various grades of cement, including 43 grade, 53 grade, and Portland Pozzolana Cement (PPC), utilizing the dry process. These products are marketed under the well-recognized brand name "Birla Uttam." The company also offers fly ash-based PPC cement under the "Mangalam ProMaxX" brand name.
All of the company's units, namely Mangalam Cement and Neer Shree Cement, are strategically located at Adityanagar - 326520, Morak, Distt. Kota, Rajasthan. Morak is situated 65 km from Kota towards Mumbai on the main Delhi-Mumbai train route. Additionally, the company has its own manufacturing plants in Morak (Rajasthan) and Aligarh (Uttar Pradesh), ensuring a widespread presence and efficient distribution network.
Mangalam Cement commenced commercial production in March 1981 with an initial installed capacity of 4 lakh tonnes per annum of cement. The company subsequently undertook two major expansion schemes between 1994 and 2005, increasing its installed capacity from 4 lakh tonnes to 20 lakh tonnes per annum. More recently, the company expanded its capacity from 2.0 MTPA to 3.25 MTPA by upgrading its Kiln I capacity by 0.5 MTPA in 2013 and establishing a new Cement Mill of 1.25 MTPA in 2014.
To ensure uninterrupted operations, the company has made significant investments in power generation infrastructure. It has set up two Captive Thermal Power Plants, each with a capacity of 17.5 MW. The first power plant became operational in 2007, followed by the additional 17.5 MW power plant in 2011. Furthermore, the company owns 13 Wind Mills in Jaisalmer, Rajasthan, with a combined capacity of 13.65 MW generation per day, and a Waste Heat Recovery plant with an 11.00 MW capacity, underscoring its commitment to energy efficiency and renewable sources.
Mangalam Cement Ltd currently holds a market capitalization of ₹2,210 crore (as of March 2025). The company's financial performance shows mixed results. For the quarter ended March 2025, standalone net sales reached ₹502.90 crore, marking a 15% year-on-year increase. However, net profit for the same quarter declined by 2.14% to ₹16.91 crore, with EPS decreasing to ₹6.15.
For the full financial year ended March 2025, the net profit declined by 24.55% to ₹45.06 crore, compared to ₹59.72 crore in the previous year (FY24). Sales also saw a slight decline of 2.58%, reaching ₹1680.99 crore in FY25 against ₹1725.48 crore in FY24.
• Q4 FY2024-25 Performance: Net Sales of ₹502.90 crore, Net Profit of ₹16.91 crore
• FY2024-25 Performance: Revenue of ₹1,681 crore, Net Profit of ₹45.06 crore
• Market Capitalization: ₹2,210 crore (as of March 2025)
• P/E Ratio: 48.34
• P/B Ratio: 2.68
• Promoter Holding: 39.52% (as of Mar 2025)
The promoter holding in Mangalam Cement Ltd has shown an increase, rising to 39.52% as of March 2025 from 36.94% as of June 2024, indicating increased confidence from the promoters. Anshuman Vikram Jalan serves as the chairman of the company. Importantly, there is no promoter pledging in Mangalam Cement Ltd, which is a positive indicator for investors.
Mangalam Cement Limited has announced the appointment of Shri Ajit Cherian Kuruvilla as a Non-Executive Independent Director, effective May 3, 2025, subject to shareholder approval. His extensive experience in the banking and finance sectors is anticipated to significantly enhance the company's governance framework and strengthen its position within the competitive industry landscape.
The company's robust product portfolio comprises various grades of cement, prominently marketed under the trusted "Birla Uttam" brand, which enjoys strong recognition in the market. Our commitment to quality ensures corrosion-resistant and less permeable concrete, delivering lasting strength by minimizing voids and porosity, thereby providing natural protection against water and external elements. Demonstrating a commitment to sustainable building solutions, the company has also introduced "Mangalam ProMaxX," a product designed for reduced water consumption in construction.
Mangalam Cement operates within a highly competitive landscape. Its major competitors include Udaipur Cement Works, Sanghi Industries, KCP, Sagar Cements, Shree Digvijay Cement, and Saurashtra Cement. With a market capitalization of ₹2,196 crore, Mangalam Cement is classified as a Small Cap company by Value Research, with its median market cap being ₹1,626 crore compared to its peers.
Despite its established position, the company faces certain challenges, including a relatively poor sales growth of 6.48% over the past five years and a low return on equity of 5.50% over the last three years. However, the company continues to strategically focus on improving operational efficiency and expanding its market reach to enhance its competitive standing in the Indian cement industry.
