Mangalam Global Enterprise

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• DebtModerate safety, with cautionRated BBB+ by Acuite.
• ResultsProfit fallingIn the Sep 2026 quarter, sales rose 39% and profit fell 48% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersPromoters sellingThe promoters (founders or parent) own 69%, down from 71% in Sep 2025.
• ValuationNormal for this stockThe share trades at 15.5 times its yearly earnings (P/E), cheaper than 67% of the time in the last 5 years. Its usual P/E is about 21.

Mangalam Global Enterprise against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)15.5 against a typical 14.5: pricier than most peers (1st = cheapest).48th of 88
• Sales growth+39.2% against a typical +19.1% from a year earlier.21st of 68
• Profit growth−48% against a typical +5.4% from a year earlier.39th of 59
• Share price, 3 months+12.8% against a typical −1.7%.16th of 81
• Size₹ 553.4 Cr. market value against a typical ₹ 63 Cr. (1st = largest).13th of 85

Exchange filings and their impact on the company.

• 19 Oct 2026Outcome of Board MeetingHigh impactPositivePrice +0.2% on 21 Oct
  39% sales jump with higher core profit, but reported profit down on last year's one-off and debt up sharply.

  Mangalam Global reported Q2 FY27 consolidated sales of Rs 982.6 crore, up 39% from last year, and half-year sales of Rs 1934.6 crore, up 24%. Core profit before exceptional items rose 42% in Q2 to Rs 12.3 crore, but reported net profit fell to Rs 9.3 crore due to a large one-off gain last year. Borrowings rose sharply to Rs 291 crore to fund receivables and growth, while the new Agri Retail and FMCG business posted a Rs 5.3 crore half-year loss.

  Full analysisFiling
• 16 Oct 2026Committee Meeting UpdatesMedium impactNegativePrice +0.8% that day
  Approved up to Rs 150 cr NCDs, sharply raising leverage and interest burden.

  Mangalam Global Enterprise's Management Committee on October 16, 2026 approved issuance of senior, secured, rated, listed non-convertible debentures of up to Rs 150 crore on private placement basis in one or more tranches. The NCDs are proposed to be listed on NSE debt segment, with tenure, coupon and security to be decided later. If fully placed, the issue would add about 70% to existing borrowings and increase interest costs materially.

  Full analysisFiling
• 13 Oct 2026General UpdatesLow impactPositivePrice +2.2% that day
  Opened one small wellness store in Ahmedabad with negligible near-term financial impact.

  Mangalam Global Enterprise opened a new retail store under its NEAT EVERYDAY wellness brand on October 13, 2026 at Shilp Paradise, Bodakdev, Ahmedabad. The store will sell nutraceutical, wellness, beauty and personal care products, adding to its existing retail network. The move supports its nutraceutical and wellness expansion strategy but a single store is very small compared to its Rs 3,384 crore FY26 sales.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Vipin Prakash Mangal

Chairman of the Board

Ashutosh Mehta

Chief Financial Officer

Karansingh Imansingh Karki

Compliance Officer, Company Secretary

Chanakya Prakash Mangal

Managing Director

Reena Unmesh Wagh

Additional Whole-Time Director