Mangalam Global Enterprise Ltd. – Company Report
1. Company Overview
Mangalam Global Enterprise Ltd. (MGEL), incorporated in 2010 and headquartered in Ahmedabad, Gujarat, is a leading player in India’s edible and non-edible oils, oilseeds, and agro-derivatives sector. A core part of the Mangalam Group, it is engaged in manufacturing, trading, and export of a broad spectrum of agricultural commodities and value-added products. The company operates state-of-the-art processing units for castor oil and cotton at Harij and Palanpur, Gujarat, serving both domestic and international markets (including exports to Thailand and Oman). MGEL’s leadership includes Chairman Vipin Prakash Mangal and Managing Director Chandragupt Prakash Mangal.
- Incorporated: 2010
- Headquarters: Ahmedabad, Gujarat, India
- Processing Facilities: Castor and cotton units in Gujarat
- Employees: 68
- Executive Leadership: Vipin Prakash Mangal (Chairman), Chandragupt Prakash Mangal (Managing Director)
- Market Cap (July 2025): ~₹565 crore
- Listed: NSE, BSE
2. Products and Services
MGEL manufactures and markets a diverse range of products across three main segments:
Castor Oil and Derivatives:
- Refined Castor Oil (First Special Grade and other grades)
- Castor De-Oiled Cake (regular and high-protein)
- Applications: lubricants, paints, sealants, pharmaceuticals, inks, textiles, rubber, and other industrial uses
Cotton and Agricultural Products:
- Cotton Bales, Cotton Seeds, Cotton Cake
- Cattle Feed, Cotton Wash Oil
- Wheat and Rice processing
Mustard and Soya Products:
- Mustard Seed, Mustard Oil, Mustard Meal, Mustard Cake
- Soya Seed, Soya Refined Oil, Soya Meal, Soya Cake
Edible Oils B2C Segment:
- Products under the “LAGNAM” brand
- Refined soybean oil, refined vegetable oil, pungent mustard oil
The company’s end markets include food processing, animal feed, industrial, FMCG, and agricultural inputs, with a focus on rapid scalability and stringent quality standards.
3. Recent News and Business Developments
- Expanded product mix in mustard, soya, and B2C edible oil segments; optimized capacity utilization at Gujarat plants (FY2025).
- Continued exports to Asian markets and strengthened presence in key Indian states.
- Improved financial risk profile: overall gearing reduced to 1.37x as of March 2025.
B2C Product Launches
- June 25, 2024: Entered into an Agreement to Purchase Plant & Machinery and Buildings from Shree Gurukrupa Oil and Foods and lands admeasuring 19833 square yards at Jotana, Mehasana, Gujarat. Purchase of the said Assets at cost of ₹10.87 Crores - Edible Oil Refinery & Packing Unit with a capacity of approx. 200 metric tons per day, and Oil Seed crushing plant with a capacity of 20 metric tons per day.
- May 28, 2025: Launched 31 new SKUs in the nutraceuticals segment. Includes vegan health supplement capsules and cold-pressed oils
- September 29, 2025: Launched the "ALOE VERA GEL" under the Business-to-Consumer (B2C) segment of our wellness portfolio.
- November 18, 2025: Mangalam Global Enterprise Limited (MGEL) has incorporated a new wholly-owned subsidiary, Mangalam Oleo Specialty Products Private Limited (MOSPL), to enter the manufacturing and trading of oleo specialty products.
Subsidiary Activities
- November 2023: Closure: UK-based subsidiary Mangalam Global (UK) Limited was struck off.
- January 2025: Incorporation: New wholly-owned subsidiary MGEL Multicomm Pvt. Ltd..
- June 2025: Investment: Further equity infused in Mangalam Global (Singapore) Pte. Ltd..
Management Changes
- CFO Appointment: Mr. Manish P. Kella appointed CFO (September 2024), replacing Mr. Chandravijay Arora.
- Company Secretary Resignation: Mr. Dashang Khatri resigned. (June 2024)
4. Financial Performance (FY2025, Consolidated)
| Metric | FY2025 |
|---|---|
| Total Revenue | ₹2,281 crore |
| Operating Profit | ₹45 crore |
| Operating Margin | 2% |
| Net Profit | ₹23 crore |
| Earnings Per Share (EPS) | ₹0.70 |
| Dividend Payout % | 1% |