Mangalam Cement standalone net profit rises 16.13% in the June 2024 quarter

Mangalam Cement’s Q3 profit soared to Rs 15.9 crore from Rs 0.52 crore last year, with a 2.4% rise in revenue to Rs 439.43 crore.

Mangalam Cement Q3 Results: Profit Grows Multifold To Rs 15.9 Crore, Revenue Up 2.4%

Mangalam Cement Standalone June 2023 Net Sales at Rs 420.53 crore, down 18.15% Y-o-Y

Mangalam Cement standalone net profit declines 96.24% in the December 2022 quarter

Shares of Nuvoco Vistas surged 11% to Rs 446.3, while Chennai-based India Cements gained 9% to Rs 289.9. Kesoram Industries, Mangalam Cement, Sanghi Industries, and Gujarat Sidhee Cement jumped over 5% each. Ambuja Cement shares also gained 9.3% to Rs 564.9.

Cement stocks rally on hopes of a ready mix of more deals

Mangalam Cement standalone net profit declines 19.87% in the June 2022 quarter

Sunflag Iron & Steel Company Ltd, Mangalam Cement Ltd, Rupa & Company Ltd and Religare Enterprises Ltd are among the other losers in the BSE’s ‘A’ group today, 16 June 2022.

Sadbhav Engineering Ltd leads losers in ‘A’ group

Mangalam Cement standalone net profit declines 50.57% in the March 2022 quarter

Board of Mangalam Cement allots 8.03 lakh equity shares under scheme of amalgamation

The purpose of the meeting by the company is to determine the eligible shareholders of Mangalam Timber Products.

Mangalam Cement fixes December 31 as record date for merger of Mangalam Timber Products; Stocks gain over 2%

Mangalam Cement Q2 Review - Weak Performance On Costs Pressure: Reliance Securities

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced and in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Mangalam Cement Limited is a cement manufacturing company. The Company is engaged in producing cement in 43 grades, 53 grades and Portland Pozzolana Cement (PPC) using the dry process.