Mangalam Seeds (MSL)₹138.05−0.14%Other Agricultural Products
In the Jun 2026 quarter (consolidated), Mangalam Seeds reported sales of ₹61.90 Cr, up 25.8% from Jun 2025, and net profit of ₹3.95 Cr, up 1.8% year on year. For the year to Mar 2026, sales were ₹112 Cr and net profit ₹7.99 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15.53 | 52.35 | 21.40 | 32.25 | 21.99 | 27.39 | 21.62 | 49.21 | 18.31 | 96.48 | 15.88 | 61.90 |
| Expenses | 10.91 | 44.78 | 17.44 | 26.52 | 18.28 | 24.56 | 15.70 | 43.15 | 14.19 | 82.89 | 12.81 | 56.03 |
| Operating Profit | 4.56 | 7.38 | 3.91 | 5.63 | 3.61 | 2.78 | 5.85 | 5.94 | 4.06 | 13.24 | 3.04 | 5.72 |
| OPM % | 29.5% | 14.2% | 18.3% | 17.5% | 16.6% | 10.2% | 27.2% | 12.1% | 22.3% | 13.8% | 19.2% | 9.3% |
| Other Income | 0.00 | 0.00 | 0.05 | 0.02 | 0.01 | 0.21 | 0.16 | 0.01 | 0.02 | 0.04 | 0.00 | 0.05 |
| Interest | 0.44 | 0.93 | 1.20 | 0.95 | 1.20 | 0.97 | 1.11 | 1.08 | 1.08 | 3.24 | 0.83 | 0.86 |
| Depreciation | 0.30 | 0.30 | 0.66 | 0.40 | 0.38 | 0.40 | 0.42 | 0.41 | 0.47 | 1.41 | 0.60 | 0.58 |
| Profit before tax | 3.82 | 6.18 | 2.11 | 4.30 | 2.04 | 1.63 | 4.48 | 4.48 | 2.55 | 8.68 | 1.60 | 4.35 |
| Tax % | 23.8% | 15.3% | −5.2% | 11.2% | 20.1% | 16.8% | 23.5% | 13.0% | 29.6% | 19.7% | 19.3% | 8.8% |
| Net Profit | 2.91 | 5.22 | 2.19 | 3.82 | 1.63 | 1.34 | 3.44 | 3.88 | 1.78 | 6.95 | 1.28 | 3.95 |
| EPS (Rs) | 2.65 | 4.75 | 1.99 | 3.46 | 1.48 | 1.22 | 3.07 | 3.52 | 1.61 | 6.31 | 1.13 | 3.63 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24.03 | 30.03 | 30.05 | 32.02 | 40.05 | 41.02 | 41.02 | 65.09 | 112 | 103 | 112 | 193 |
| Expenses | 20.96 | 25.95 | 25.96 | 27.95 | 34.97 | 31.95 | 32.94 | 48.90 | 91.89 | 84.80 | 95.89 | 166 |
| Operating Profit | 2.99 | 3.98 | 4.98 | 4.98 | 5.98 | 8.97 | 7.97 | 15.94 | 20.93 | 17.94 | 15.95 | 26.06 |
| OPM % | 12.0% | 14.0% | 16.0% | 15.0% | 14.0% | 22.0% | 20.0% | 25.0% | 18.0% | 18.0% | 15.0% | 13.5% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 |
| Interest | 0.00 | 0.00 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 1.99 | 2.99 | 3.99 | 3.99 | 6.01 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 | 0.99 | 1.99 | 1.99 | 1.99 | 3.06 |
| Profit before tax | 2.01 | 3.01 | 4.01 | 4.01 | 4.01 | 7.01 | 5.99 | 13.01 | 16.01 | 11.99 | 9.99 | 17.18 |
| Tax % | 5.0% | 8.0% | 9.1% | 8.0% | 10.1% | 14.1% | 16.1% | 17.1% | 17.1% | 18.1% | 20.1% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 1.99 | 2.99 | 2.99 | 2.99 | 3.99 | 5.99 | 4.99 | 10.99 | 12.99 | 9.99 | 7.99 | 13.96 |
| EPS (Rs) | 2.50 | 2.81 | 3.01 | 3.04 | 3.41 | 5.58 | 4.70 | 10.06 | 11.98 | 9.36 | 7.50 | 12.68 |
| Dividend payout % | 20.1% | 18.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.93 | 4.00 | 5.00 | 11.02 | 11.01 | 11.02 | 11.02 | 11.02 | 11.02 | 11.01 | 11.02 | 11.01 |
| Reserves | 4.00 | 8.00 | 17.97 | 16.00 | 19.00 | 23.02 | 29.01 | 34.01 | 46.00 | 59.08 | 69.04 | 78.01 |
| Borrowings | 3.00 | 5.00 | 5.00 | 4.99 | 6.00 | 9.01 | 10.00 | 17.98 | 18.01 | 57.02 | 64.95 | 49.01 |
| Other Liabilities | 1.00 | 1.99 | 1.99 | 2.98 | 1.99 | 4.98 | 3.98 | 3.99 | 3.97 | 7.96 | 15.92 | 25.87 |
| Total Liabilities | 9.00 | 18.99 | 29.96 | 34.99 | 38.00 | 48.03 | 54.01 | 67.00 | 78.00 | 135 | 161 | 164 |
| Fixed Assets | 2.01 | 3.01 | 3.01 | 11.04 | 15.03 | 23.06 | 23.06 | 25.05 | 27.09 | 54.17 | 53.12 | 51.15 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 4.99 | 7.99 | 6.99 | 8.99 | 17.97 | 10.99 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 | 1.01 |
| Other Assets | 5.99 | 15.98 | 26.95 | 23.95 | 22.97 | 22.98 | 25.96 | 33.96 | 43.92 | 70.90 | 89.83 | 101 |
| Inventories | 3.01 | 7.02 | 7.02 | 10.03 | 11.03 | 10.03 | 10.04 | 19.08 | 21.08 | 39.12 | 58.16 | 67.23 |
| Trade receivables | 1.99 | 4.98 | 11.96 | 9.96 | 7.97 | 9.97 | 10.95 | 9.97 | 15.93 | 17.93 | 22.92 | 23.91 |
| Cash & equivalents | 0.00 | 1.99 | 1.99 | 0.00 | 0.99 | 0.00 | 0.99 | 2.99 | 3.99 | 6.98 | 1.99 | 1.99 |
| Total Assets | 9.00 | 18.99 | 29.96 | 34.99 | 38.00 | 48.03 | 54.01 | 67.00 | 78.00 | 135 | 161 | 164 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 0.00 | −3.01 | −4.01 | 5.01 | 5.02 | 7.01 | 8.02 | −2.01 | 5.01 | −1.01 | 0.00 | 14.05 |
| Cash from investing activity | −1.99 | −2.99 | −2.99 | −6.99 | −3.99 | −7.99 | −6.99 | −2.99 | −1.99 | −32.01 | −8.99 | 5.99 |
| Cash from financing activity | 0.99 | 7.99 | 6.99 | 0.00 | 0.00 | 0.99 | 0.00 | 6.99 | −1.99 | 35.92 | 3.99 | −19.96 |
| Net cash flow | −1.01 | 1.01 | 0.00 | −2.01 | 0.00 | −1.01 | 0.00 | 2.01 | 1.01 | 3.01 | −6.01 | 0.00 |
| Capex | 1.92 | 0.90 | 0.50 | 8.50 | 4.28 | 10.50 | 4.04 | 6.23 | 2.02 | 31.30 | 9.48 | 6.29 |
| Free cash flow | −2.01 | −4.01 | −5.01 | −4.01 | 0.00 | −4.01 | 4.01 | −8.01 | 3.01 | −32.03 | −9.01 | 20.02 |
| CFO / OP % | −12.9% | −107.9% | −91.9% | 102.1% | 106.1% | 128.1% | 97.1% | −8.0% | 44.1% | 9.1% | 10.1% | 86.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 43 | 71 | 144 | 119 | 88 | 90 | 94 | 93 | 86 | 57 | 79 | 75 |
| Inventory days | 99 | 133 | 131 | 438 | 538 | 355 | 137 | 260 | 195 | 178 | 291 | 298 |
| Days payable | 6 | 9 | 17 | 53 | 20 | 66 | 11 | 9 | 2 | 9 | 13 | 24 |
| Cash conversion cycle | 136 | 195 | 258 | 504 | 607 | 379 | 219 | 343 | 279 | 226 | 357 | 349 |
| Working capital days | 44 | 121 | 225 | 190 | 170 | 110 | 142 | 140 | 134 | 68 | 110 | 146 |
| ROCE % | — | 20.1% | 17.0% | 14.0% | 13.0% | 13.0% | 17.0% | 13.1% | 22.0% | 19.0% | 12.0% | 10.0% |
For the Jun 2026 quarter, Mangalam Seeds reported sales of ₹61.90 Cr, up 25.8% year on year and net profit of ₹3.95 Cr, up 1.8% year on year. The operating margin was 9.3%.
Mangalam Seeds' sales for the year to Mar 2026 were ₹112 Cr; over the last twelve months they were ₹193 Cr.
Net profit for the year to Mar 2026 was ₹7.99 Cr, and ₹13.96 Cr over the last twelve months. Earnings per share over the same trailing period were ₹12.68.
Mangalam Seeds reported borrowings of ₹49.01 Cr at Mar 2026, against cash and equivalents of ₹1.99 Cr.
Cash from operations was ₹14.05 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹20.02 Cr.