Synopsis: Steel company in focus after announcing a stock split to improve affordability and attract wider investor participation. The move comes alongside strong yearly performance and reflects the company’s focus on long-term market growth.
The shares of this small cap company majorly engaged in the business of manufacturing and trading of steel products and other merchandise were in focus after announcing stock split for the investors
With the market capitalization of Rs. 1060 Crores, the shares of Mangalam Worldwide Ltd reached an intraday high of Rs. 364.50 per share rising nearly 3 percent from its previous day close of Rs. 355.10 per share and is trading at a P/E of 21.2 whereas industry P/E stands at 27.4
About the Stock spilt:
Mangalam Worldwide has announced a 10-for-1 stock split, meaning every existing share with a face value of Rs. 10 will be divided into 10 shares with a face value of Re.1 each. For shareholders, this means if someone currently owns 1 share of the company, they will receive 10 shares after the split
The company said this step is mainly aimed at making the stock more affordable for retail investors and improving liquidity in the market. Stock splits are often seen as a way to increase participation because lower-priced shares can attract a larger group of investors.
The announcement comes after the company reported healthy financial performance for FY26, showing growth in both revenue and profit. Along with the stock split, the company also announced a final dividend of Rs. 0.30 per share and approved a proposal for direct listing on the BSE Main Board, subject to approvals. Management said the decision is part of its long-term approach towards improving shareholder value and strengthening investor participation in the company.
About the Company
Mangalam Worldwide Limited is a stainless-steel manufacturer with a fully integrated business model covering melting, rolling, bright bar finishing, and seamless pipe and tube production. The company has more than 27 years of industry experience and operates 4 manufacturing units with a combined production capacity of over 1,90,000 MTPA.
Its product portfolio includes billets, ingots, hot rolled and forged bars, bright bars, and seamless pipes and tubes used across multiple industrial applications. Mangalam Worldwide has a presence across more than 30 countries globally and operates in over 15 states across India, strengthening its reach in both domestic and international markets.
Q4 FY26 Results:
Year on Year analysis: Revenue from operations has decreased from Rs. 324 Crores to Rs. 265 Crores, down 18 percent. Operating profit has increased from Rs. 15 Crores to Rs. 28 Crores, up 86 percent and net profit has increased from Rs. 8 Crores to Rs. 15 Crores, up 87.5 percent.
Quarter on Quarter analysis: Revenue from operations has decreased from Rs. 350 Crores to Rs. 265 Crores, down 24 percent. Operating profit has increased from Rs. 26 Crores to Rs. 28 Crores, up 7.6 percent and net profit has increased from Rs. 14 Crores to Rs. 15 Crores up 7 percent.
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