Mangalam Global Enterprise Limited (MGEL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-766.1%

-₹114.57

vs ₹17.20 price

Levered DCF

-₹108.95

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

5.07

Safe zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	8.11×	20.58×	13.93×	14.92×	123.94×	3.93×	3.22×	1.56×
P/B	1.48×	2.36×	2.02×	1.67×	6.64×	0.33×	0.19×	0.16×
P/S	0.11×	0.21×	0.15×	0.13×	0.41×	0.02×	0.02×	0.01×
EV / EBITDA	6.32×	15.51×	9.31×	14.92×	33.33×	8.62×	4.72×	4.51×
Gross margin	2.6%	3.4%	3.9%	5.9%	2.8%	4.5%	4.5%	2.8%
Operating margin	1.7%	3.2%	3.6%	1.8%	0.7%	0.7%	4.8%	1.4%
Net margin	1.3%	1.0%	1.1%	0.9%	0.3%	0.6%	0.5%	0.6%
Current ratio	1.37×	1.46×	1.46×	1.18×	1.37×	1.27×	2.11×	2.16×
Debt / equity	0.87×	1.11×	1.45×	2.07×	1.72×	1.77×	0.91×	0.84×
Interest coverage	1.9×	2.43×	2.7×	1.73×	0.74×	0.91×	3.86×	1.63×
Dividend yield	0.1%	0.1%	0.1%	0.4%	0.1%	1.3%	0.5%	0.2%
Payout ratio	0.7%	1.4%	1.4%	6.6%	12.1%	5.2%	1.9%	0.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	18.2%	11.5%	14.6%	11.1%	5.4%	8.4%	5.3%	6.8%
Return on invested capital	10.5%	12.4%	17.2%	5.7%	3.1%	2.9%	19.4%	6.0%
Return on assets	5.6%	4.2%	4.8%	2.9%	1.6%	2.6%	2.4%	3.3%
Free cash flow yield	5.7%	-10.1%	13.4%	-56.3%	-5.4%	-254.9%	-307.6%	-805.3%
Earnings yield	12.3%	4.9%	7.2%	6.6%	0.8%	25.5%	27.6%	42.5%
Enterprise value	₹5.6B	₹6.8B	₹4.8B	₹4.3B	₹6.6B	₹1.4B	₹605.2M	₹335.9M
Net debt / EBITDA	2.15×	4.75×	3.87×	8.21×	6.78×	7.24×	3.83×	3.77×
Cash conversion cycle (days)	50	55	54	55	45	37	26	25