Mangalam Global Enterprise Limited, originally incorporated as Hindprakash Colourchem Private Limited on September 27, 2010, was renamed to Mangalam Global Enterprise Private Limited in July 2014. It converted to a Public Limited Company in September 2019. Established in Ahmedabad in 2010 under the leadership of Mr. Vipin Prakash Mangal, it is part of the Ahmedabad-based Mangalam Group of Companies.
Mangalam Global Enterprise Limited, along with its subsidiaries, is engaged in the manufacturing, trading, and import of edible and non-edible oils, and agricultural products, serving both domestic and international markets. Its diverse product portfolio includes:
- Soya oil, soya meal, soya de-oiled cake
- Mustard oil, mustard meal, mustard de-oiled cake
- Refined castor oil (first special grade), castor de-oiled cake, and high-protein castor de-oiled cake
- Cotton bales, cotton cake cattle feed, and cotton wash oil
- Other agro commodities and merchandise
- Wheat and rice processing
The company also offers refined soyabean oil, refined vegetable oil, and pungent mustard oil under the LAGNAM brand name.
The company has demonstrated strategic expansion and product diversification. It entered the B2C market in April 2022 by launching new products such as Refined Soyabean Oil, Refined Vegetable Oil, and Pungent Mustard Oil under the LAGNAM brand.
Commercial production of the Wheat & Rice Processing Unit at Balva commenced on December 15, 2021. Following this, new products like Cotton Cake Cattle Feed and Cotton Wash Oil were launched in the domestic market from October 29, 2022.
Initially a trading business, the company diversified into manufacturing refined castor oil, various castor de-oiled cakes, cotton bales, lint cotton, and delineate cotton seeds. Its reach extends across domestic markets (Gujarat, Rajasthan, Maharashtra, Delhi, and West Bengal) and international markets, including exports to Thailand and Oman.
As of recent data, the company has a market capitalization of ₹561 crore, with annual revenue of ₹2,281 crore and a profit of ₹23.1 crore. The financial performance shows mixed results across recent quarters. Mangalam Global Enterprise Ltd's net profit saw a decrease of 55.94% to ₹5.19 crore in Q4 FY2024-2025 compared to the same period last year. For Q4 FY25, the company reported revenue of ₹536.73 crore and a net profit of ₹5.19 crore.
Observing quarterly growth trends, net profit rose significantly by 486.32% to ₹5.57 crore in the quarter ended September 2024, compared to ₹0.95 crore in September 2023. Sales increased by 27.75% to ₹562.62 crore from ₹440.40 crore during the same period. On a trailing 12-month basis, the company has an operating revenue of ₹2,281.48 crore with an annual revenue growth of 24%. While the pre-tax margin of 1% indicates room for improvement, an ROE of 11% is considered good.
The company maintains a healthy balance sheet structure with a reasonable debt-to-equity ratio of 9%.
- Market Capitalization: ₹561 Crore
- Annual Revenue: ₹2,281 Crore
- Annual Profit: ₹23.1 Crore
- Debt-to-Equity Ratio: 9%
- Return on Equity (ROE) - Last 3 Years: 11.6%
- Current PE Ratio: 21.83
- Current PB Ratio: 2.50
- Dividend (Quarter Ending March 2024): ₹0.02 per share (Dividend Yield: 0.24%)
- Upcoming Dividend: ₹0.01 per share
- 52-Week High: ₹16.99
- 52-Week Low: ₹10.40
- 1-Year Price Movement (NSE): +155.23%
- 3-Year Price Movement (NSE): +39.81%
- Trading Symbols: MGEL on NSE & BSE
- Chairman and Executive Director: Vipin Prakash Mangal
- Company Secretary and Compliance Officer: Karansingh I Karki
- Promoter Holding: 72.01% (as of March 2025)
Mangalam Global Enterprise Limited is actively expanding its product portfolio, with plans to launch 31 new Stock Keeping Units (SKUs). The company has also approved related-party transactions up to ₹500 crore, signaling significant business expansion plans.
With a diversified product offering that spans castor oil derivatives, cotton products, and edible oils under the LAGNAM brand, the company is strategically positioned to capitalize on the growing demand in the agricultural commodities and processed food sectors. It continues to focus on expanding both domestic and international market presence while maintaining its manufacturing capabilities across multiple product categories, solidifying its role as a notable player in the agro-processing and commodity trading sector.
