Mangalam Worldwide’s board approves 1:10 stock split as smallcap rises 120% in a year

The board of Mangalam Worldwide has approved a 1:10 stock split, under which each equity share with a face value of Rs 10 will be subdivided into 10 equity shares of Re 1 each.

The decision was taken in a meeting held on Friday, May 15, 2026, and will be subject to shareholders' and regulatory approvals.

The multibagger counter has delivered returns of over 120% in the past year. Today, they hit a fresh 52-week high of Rs 369.70, gaining 4% in the day’s trade.

Mangalam Worldwide is a fully integrated stainless-steel manufacturer with a market capitalisation of Rs 1,080 crore on the NSE. Its operations range from scrap melting to the manufacturing of seamless pipes and tubes. The company also produces stainless steel (SS) billets, ingots, flat bars, round bars, bright bars, as well as seamless pipes & tubes, heat exchanger tubes and U-tubes.

The proposed stock split in this smallcap stock is aimed at enhancing liquidity in the company’s equity shares and encouraging broader participation from retail investors.

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The board also approved consequential alteration to the Capital Clause of the Memorandum of Association of the company, subject to requisite approvals.

Commenting on the development, Chandragupt Prakash Mangal, Managing Director, Mangalam Worldwide Limited, said, “The proposed stock split reflects the company’s continued focus on creating long-term value for shareholders and improving accessibility of the stock for a wider investor base. Supported by strong operational performance and improving market participation, MWL remains focused on strengthening its position in value-added stainless-steel segments.”

MWL recently reported strong financial performance for FY26 with revenue of Rs 1,214.98 crore and PAT of Rs 50.14 crore. The Board of Directors of the company also recommended a Final Dividend of ₹0.30 per equity share having FV of Rupees 10 each for FY26. Additionally, Mangalam Worldwide Limited approved the proposal for direct listing of the Company on the Main Board of BSE, subject to approval of BSE or relevant authorities.

At the core of MWL’s strength is its vertically integrated manufacturing ecosystem, covering melting, rolling, bright bar finishing, and seamless pipe and tube production. The company has manufacturing facilities of 190,000 MT annually and offers a diversified stainless steel portfolio, including billets, ingots, hot rolled and forged bars, bright bars, and seamless pipes and tubes for critical applications across sectors.

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