Mangalam Organics Ltd, incorporated in 1981, is a prominent manufacturer of Camphor, Resin, and Sodium Acetate, and holds the distinction of being the world's largest manufacturer of Camphor. As a BSE and NSE listed company, it primarily operates in Pine Chemicals, including Terpene Chemistry (Camphor, Camphene, Isobornyl Acetate, Isoborneol, Dipentene) and Synthetic Resins (Terpene Phenolic Resin, Alkyl Phenolic Resin, Rosin Based Resins). With over four decades of operational excellence, the company is a significant player in India's specialty chemicals sector.
The company boasts deep-rooted expertise in the pine chemicals industry, with a management team possessing over 50 years of experience in the field. Mangalam Organics is an ISO 9001 / 14001 / OHSAS 18001 Certified manufacturer, underscoring its commitment to quality and international standards in pine chemicals and synthetic resin production. This extensive experience and robust certification portfolio solidify its position as a trusted manufacturer in the specialized chemical manufacturing landscape.
The Company's diverse product portfolio in Terpene chemistry includes Camphor, Camphene, Dipentene, Isobornyl Acetate, Isoborneol, Isoborneol Flakes (Bhimseni Camphor), Sodium Acetate Trihydrate, Camphor Oil, Pine Tar, and Terpineol. Its Resin product range features Alkyl Phenolic Resin, Glycerol Modified, Ester Gum, Penta Modified Ester Gum, Polyterpene Resin, and Terpene Phenolic Resin. This strategic diversification caters to a wide array of industrial applications, reinforcing its leadership in camphor production while expanding its market reach.
Beyond industrial chemicals, Mangalam Organics also engages in retail operations through its homecare and personal care products marketed under the brand names CamPure and Mangalam. These brands, particularly the 100% pure camphor tablets offered in various forms, directly reach consumers from its technologically advanced manufacturing facility in Kumbhivali, Maharashtra, which employs over 300 people. Mangalam is the registered trademark of Mangalam Organics Limited, reaffirming its identity as the world's leading camphor manufacturer.
The Company's state-of-the-art, automated production plant is strategically located on the Mumbai-Pune expressway in Kumbhivali. Its proximity to Jawaharlal Nehru Port Trust (JNPT), one of India's largest ports, just approximately 60 kilometers away, provides excellent connectivity for both domestic distribution and international exports. This advantageous location significantly facilitates the company's global trade operations.
Mangalam Organics exports its products to markets across Europe, the United States, African, Middle Eastern, and Southeast Asian countries. This broad international presence highlights the company's capability to meet stringent global quality standards and compete effectively in international markets, thereby diversifying its revenue streams beyond its domestic operations.
On a consolidated basis, Mangalam Organics Ltd reported a profit of ₹5.14 crore on a total income of ₹149.80 crore for the quarter ended March 2025. For the full year ended March 2024, the company posted a profit of ₹4.29 crore on a total income of ₹493.52 crore. Currently, Mangalam Organics has an operating revenue of ₹530.01 crore on a trailing 12-month basis. The company demonstrates a respectable annual revenue growth of 7%. Its pre-tax margin of 3% indicates a need for improvement, and an ROE of 4% is considered fair but also has room for enhancement.
- Market Capitalisation: Mangalam Organics Ltd has a market capitalisation of ₹502 crore (as of June 2025).
- 52-week Range: The Mangalam Organics Ltd's 52-week high share price is ₹716.95 and the 52-week low share price is ₹339.00.
- Recent Performance: In the last 3 months, the Mangalam Organics Ltd share price moved up by 40.10% on BSE. Over the last 12 months, the share price increased by 54.67% on BSE.
- Debt Management: The company maintains a reasonable debt-to-equity ratio of 12%, signalling a healthy balance sheet.
The company has been proactive in expanding its production capabilities. An investment of ₹45 crore in Capex has increased the Isoborneol Flakes capacity from 60 to 170 MT/month, with production commencing on May 15, 2025. This capacity enhancement underscores the company's dedication to meeting escalating demand and broadening its product offerings.
However, recent operations encountered challenges. Mangalam Organics reported a fire incident at one of the divisions of its Camphor manufacturing plant located in Kumbhivali Village, Khopoli, Raigad district, Maharashtra. The fire broke out on the night of July 16, 2025, around 10:50 p.m., leading to the immediate shutdown of the affected unit. While the blaze was successfully brought under control, it caused significant damage to the plant and machinery. Fortunately, there were no injuries or loss of life reported. The insurance company has been notified, and the company will be filing claims for damages under its comprehensive insurance coverage.
Promoter holding in Mangalam Organics Ltd has risen to 58.65 per cent as of March 2025, an increase from 54.91 per cent as of June 2024. This growth in promoter stake signifies strong management confidence in the company's future prospects. Key management personnel include Kamalkumar Dujodwala as Chairman and Nitin Kore as the Company Secretary.
Mangalam Organics continues to solidify its leadership position in the global camphor market while strategically expanding its product portfolio and enhancing its production capabilities. Despite recent operational challenges, the company's robust market standing, diverse product range, and strategic location provide a solid foundation for continued growth in the specialty chemicals sector.
