Mangalam Worldwide Reports 70% Jump in FY26 Net Profit to ₹50.14 Crore

Mangalam Worldwide Limited has delivered exceptional financial performance for FY26, reporting a remarkable 70% year-on-year increase in Profit After Tax (PAT) to ₹50.14 crore, compared to ₹29.52 crore in FY25. The fully integrated stainless steel manufacturer also achieved strong revenue growth with total income rising 14% to ₹1,214.98 crore from ₹1,066.03 crore in the previous fiscal year.

Strong Q4 FY26 Performance

The company's quarterly results for Q4 FY26 demonstrated continued momentum with total income of ₹266.50 crore. The quarter saw PAT surge 81% year-on-year to ₹15.37 crore from ₹8.48 crore in Q4 FY25, highlighting the company's operational efficiency and market positioning.

Performance Metric: FY26 FY25 Growth (%) Total Income: ₹1,214.98 crore ₹1,066.03 crore +14% Profit After Tax: ₹50.14 crore ₹29.52 crore +70%

Q4 Performance: Q4 FY26 Q4 FY25 Growth (%) Total Income: ₹266.50 crore - - Profit After Tax: ₹15.37 crore ₹8.48 crore +81%

Board Decisions and Corporate Actions

Following the board meeting held on April 29, 2026, the company announced several key decisions through an official press release dated April 30, 2026. The board approved the audited financial results for FY26 and recommended a final dividend of ₹0.30 per equity share, representing 3% of the face value of ₹10 per equity share. This dividend recommendation is subject to approval at the upcoming Annual General Meeting.

Board Decision: Details Final Dividend: ₹0.30 per equity share (3% of face value) BSE Listing Proposal: Direct listing on Main Board approved Leadership Change: Chanakya Prakash Mangal designation changed Press Release Date: April 30, 2026

Strategic Initiatives and Leadership Changes

The board approved a proposal for direct listing on the Main Board of BSE Limited, subject to approval from BSE and relevant authorities. In a significant organizational change, Mr. Chanakya Prakash Mangal's designation was changed from Managing Director to Director (Non-Executive Non Independent Director) effective April 29, 2026. The company has also appointed Soham Raval as Company Secretary & Compliance Officer.

Management Commentary

Commenting on the performance, Mr. Vipin Prakash Mangal, Chairman of Mangalam Worldwide Limited, stated: "FY26 has been a strong year for Mangalam Worldwide. Our profitability and revenue growth reflect the operational discipline and execution focus we have maintained consistently across quarters. Our integrated business model continues to be our key strength, enabling effective cost management across the value chain."

He further added: "The Board's recommendation of a Final Dividend and our proposal for direct listing on the BSE Main Board reflect our confidence in the business and commitment to create value for our esteemed shareholders. As we enter FY27, demand across oil & gas, chemical, pharmaceuticals, engineering & infrastructure remains encouraging, and we are well-positioned to capture opportunities ahead."

Company Profile

Established in 1995, Mangalam Worldwide Limited operates as a fully integrated stainless steel manufacturer with operations spanning from scrap melting to manufacturing seamless pipes and tubes. The company's infrastructure includes four plants located in Halol, Changodar, and Kapadvanj in Gujarat, with a combined installed capacity exceeding 1,90,000 MTPA and a workforce of over 750 employees across 1,25,000 square meters of facility space.

Mangalam worldwide has successfully completed the allotment of non-convertible debentures worth Rs. 50 crores on April 28, 2026, as part of its fundraising initiative through private placement. The company issued 5,000 debentures with attractive terms for investors seeking fixed-income securities.

Debenture Issue Details

The debenture issue comprises several key features that make it an attractive investment proposition:

Parameter Details Issue Size Rs. 50,00,00,000 (Rs. 50 crores) Number of Debentures 5,000 Face Value per Debenture Rs. 1,00,000 Coupon Rate 10% per annum Payment Frequency Quarterly Tenure 36 months Allotment Date April 28, 2026 Maturity Date April 28, 2029

The debentures are classified as rated, listed, senior, secured, redeemable, taxable, and transferable non-convertible debentures issued on a private placement basis through electronic book building process.

Security and Listing Arrangements

The debentures are backed by comprehensive security arrangements to protect investor interests. The security structure includes a mortgage created over certain assets of Mr. Chanakya Prakash Mangal and a pledge over certain equity shares of the company held by Mr. Vipin Prakash Mangal. Additional security measures may be agreed upon between the debenture trustee and the issuer as deemed necessary.

MITCON Credentia Trusteeship Services Limited has been appointed as the debenture trustee to oversee the interests of debenture holders. The debentures are proposed to be listed on the Negotiated Trade Reporting Platform under New Debt Market of National Stock Exchange of India Limited, providing liquidity options for investors.

Payment Structure and Redemption

The debentures offer a competitive coupon rate of 10% per annum, with interest payments scheduled on a quarterly basis in accordance with the debenture trust deed. This regular payment schedule provides investors with consistent cash flows throughout the investment period.

The principal amount of the debentures will be repaid in full on the maturity date of April 28, 2029. The redemption will be conducted in accordance with the terms specified in the debenture trust deed, ensuring transparent and timely repayment to investors.

Regulatory Compliance

The debenture issuance has been structured in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Regulation 30. The company has provided comprehensive details as required under Para A of Part A of Schedule III, ensuring full regulatory compliance and transparency for all stakeholders.

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