Mangalam Worldwide Ltd. – Company Report
1. Company Overview
Mangalam Worldwide Ltd., founded in 1995 and headquartered in Ahmedabad, Gujarat, is a leading integrated manufacturer and exporter of stainless steel products. With modern manufacturing units in Halol, Changodar, and Kapadvanj, the company offers a vertically integrated value chain—from melting and billet casting to forging, rolling, and tube/pipe production. Mangalam Worldwide is publicly listed and part of Group Mangalam, which has a legacy of over 80 years in the Indian steel sector and a pan-India presence. The company is committed to quality, sustainability, and innovation, supported by an experienced leadership team: Chairman Vipin Prakash Mangal and Managing Director Chandragupt Prakash Mangal.
- Incorporated: 1995
- Headquarters: Ahmedabad, Gujarat, India
- Employees: 1,000–5,000
- Listed: NSE, BSE
- Manufacturing Facilities: Halol, Changodar, Kapadvanj (Gujarat)
- Certifications: International standards for quality; ISO and industry accreditations
- Executive Leadership: Vipin Prakash Mangal (Chairman), Chandragupt Prakash Mangal (Managing Director)
- Market Cap (July 2025): ~₹547 crore
- Share Price (July 2025): ₹170.55
2. Products and Services
Mangalam Worldwide provides a comprehensive portfolio of stainless steel solutions under two flagship brands:
Mangalam Saarloh:
- Continuous cast billets
- Bright and forged/proof-machined bars
- Forging quality ingots, hot-rolled and bright round bars
- Flats, angles, strips
Mangalam Tubicore:
- Seamless and welded pipes & tubes
- Stainless steel hollow sections, mother hollows
Product Grades: Austenitic, super duplex, and high-alloy (e.g., SS304L, SS316L, SS410, SS430F, SS431, SS316Ti)
Applications:
- Oil and gas
- Construction
- Infrastructure
- Aerospace
- Automotive
- General engineering and industrial applications
The group operates state-of-the-art facilities featuring European technology and industry-leading QA/QC labs. Traceability and compliance are ensured with Mill Test Certificates for every product. Beyond manufacturing, Mangalam Worldwide emphasizes customization and customer-centric solutions, targeting global standards and multinational clients.
3. Recent News and Financial Performance
Business Highlights:
- Commissioned a 1200 kWp rooftop solar power plant at its Kapadvanj manufacturing unit to enhance renewable energy usage and reduce energy costs.
- Ongoing expansion of production capacity with state-of-the-art European machinery and continual upgrades at its Gujarat plants.
- It has announced that it has received final approval from the National Stock Exchange of India (NSE) for the successful transition of its equity shares from the SME Platform (NSE Emerge) to the Capital Market Segment (Main Board) of the exchange.
- Focus on product innovation and strong client relationships across oil & gas, aerospace, construction, and infrastructure sectors.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹1,066 crore |
| Operating Profit | ₹54 crore |
| Net Profit (PAT) | ₹29.4 crore |
| EPS | ₹9.93 |
| Dividend Payout % | 2% |
| Debtor Days | 58 |