MANGALAM ORGANICS LIMITED (514418) - LIGHT YOUR PORTFOLIO

Dear Investors, Today I am expressing my view on one Commodity Chemical stock.

MANGALAM ORGANICS LIMITED (514418)

Mangalam Organics Limited is one of the largest Camphor Manufacturer, Supplier and Exporter from India. The company has a strong foothold in the pine chemicals Industry through its management who has been in the field for over 50 years. 

Manufacturing plant was established in 1996 at Kumbhivali, Mumbai. Over the years the company has successfully increased its production, augmented its sales reach and maintained its superior quality for which it is renowned. Going forward Mangalam Organics Limited will continue to strive and innovate to meet the growing requirements of its valued customers.

Company is mainly engaged manufacturing of Terpene and Resin products. 

Terpene products

• Camphor Technical
• Camphor A Grade
• Camphor Fluffy Grade
• Camphene
• Dipentene
• Sodium Acetate Trihydrate
• Camphor Oil
• Pine Oil 870 & 880

Camphor is a waxy, flammable, white or transparent solid with aroma. It is found in the wood of the camphor laurel (Cinnamomum camphora), a large evergreen tree found in Asia (particularly in Sumatra, Indonesia and Borneo) and also of the unrelated Camphor tree, a tall timber tree from the same region. It also occurs in some other related trees in the laurel family, notably Ocotea usambarensis. The oil in rosemary leaves (Rosmarinus officinalis), in the mint family, contains 10 to 20% camphor, while camphorweed (Heterotheca) only contains 5%. It can also be synthetically produced from oil of turpentine. It is used for its scent, as an ingredient in cooking (mainly in India), as an embalming fluid, for medicinal purposes, and in religious ceremonies. A major source of camphor in Asia is camphor basil (the parent of African blue basil).

It is highly effective, safe to use, chemical free, and has a long shelf life. It can be availed at industry leading prices.

It was made by distilling the bark and wood of the camphor tree. Today, it is chemically manufactured from turpentine oil. It is used in products such as Vicks VapoRub.

Resin Products

• Terpene Phenolic Resin
• Alkyl Phenolic Resin 1
• Alkyl Phenolic Resin 2
• Gum Rosin

Mangalam Organics Limited is one of the largest Manufacturer, Supplier and Exporter of Alkyl Phenolic Resin, Terpene Phenolic Resin and Ester Gum from India. Many local as well as International industries place orders on consistent basis for Alkyl Phenolic Resin, Terpene Phenolic Resin and Ester Gum.

Applications of these resins are mainly in as a Tackifying agent in rubber formulations of tyre, tubes adhesives, hot melt coatings, printing inks.

Mangalam Camphor

This is the Company's branded products in 3 variants.

Company website: Clickhere

FINANCIALS AND OUTLOOK

Company shares are trading in BSE. Promoter holding in company 46.89%

Company posted 44.69 Cr top line in March qtr.

Net profit is 0.85 Cr in the March qtr.

(Profit of 0.85 Cr!!!!!!!!!!!!! From Loss of 0.18 Cr QOQ)

Stock is trading low PE as compared to its peers.

EPS 5.27

Stock is trading at Rs 76.

Company posted good set of Numbers. Company is trading PE is low as compared to its peers.

Company’s terpene products are having good demand in retail as well as industrial segments. Company’s export segment is making good performances with huge demand. This will be a positive for the stock.

Company’s operating profit significantly improved from last qtr. By valuating above company stock will give good returns to investors in future.

NOTE : THE ABOVE IS NOT A RESEARCH REPORT NOR A RECOMMENDATION  BUT INFORMATION AS AVAILABLE ON PUBLIC DOMAIN. 

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”