Mangalam Alloys Ltd.
NNSE:MAL34.50
INR
+0.40
(+1.17%)
Mangalam Alloys Ltd.
NSE:MAL
(National Stock Exchange of India)
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34.50
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- Business
- Mangalam Alloys Ltd manufactures and distributes high quality stainless steel and special steel products from its integrated manufacturing facility in Chhatral, Gandhinagar, Gujarat, India. Incorporated in 1988 as a private limited company and converted to a public limited company in 1995, the company operates an ISO 9001:2015 and PED certified stainless steel melting unit spanning 40,000 square meters with an installed capacity of 40,000 TPA finished goods; it serves B2B customers in the oil and gas, pump, and engineering sectors across India and exports internationally as a Two Star Export House recognized by DGFT. The company produces stainless steel ingots, black round bars, stainless steel round cornered squares (RCS), bright round bars, forgings, hexagonal and square bars, fasteners, flat bars, and angle bars in more than 15 international grades and sizes ranging from 3mm to 400mm, adhering to a zero-waste philosophy with advanced quality testing including optical emission spectrometers, ultrasonic testing, and hardness machines. In September 2023, Mangalam Alloys successfully completed its SME IPO on NSE Emerge, raising up to Rs 54.91 crore through a fresh issue of 61.26 lakh equity shares and an offer for sale of 7.37 lakh shares at Rs 80 per share to fund capital expenditure for business expansion including R&D, working capital requirements, and general corporate purposes. The company, flagship of the Unison Metal Limited group, reported revenue growth to Rs 431 crore in FY2025 from Rs 304 crore in FY2024 with operating margins improving to 12%, though it maintains low dividend payouts and focuses on capacity utilization amid modest historical sales growth. Recent board activities in 2025 include approvals for the 37th AGM on September 30, director resignations, auditor appointments, and borrowing limits up to Rs 600 crore to support ongoing operations and potential expansions.