What we do Mangalam Alloys Ltd manufactures stainless steel and special steel products including ingots, bars, profiles, and fasteners with integrated melting and processing facilities. |
Founded in 1,988 |
Market share A leading stainless steel manufacturer with a 25,000 TPA capacity and growing market presence post-IPO. |
Problem solved Provides high-quality stainless steel products for engineering and industrial applications, addressing needs for durable, corrosion-resistant materials. |
Top clients or who we serve Industrial manufacturers, engineering firms, and infrastructure sectors; operates primarily B2B. |
Key management Mr. Tushar Uttamchand Mehta (Managing Director) and Mr. Uttamchand Chandanmal Mehta (Whole Time Director & Chairman). |
Our journey and innovations Established in 1988, expanded with new furnaces and rolling mills, launched fastener division in 2009, and modernized with automated machinery in 2024. |
Where we operate Primarily India with a joint venture in Vietnam; serving domestic and select export markets. |
Top products or what we offer Stainless steel ingots, bright bars, fasteners, square/hexagonal bars, and various profiles produced via integrated melting and rolling. |
Top brands No separate brands, product-focused under Mangalam Alloys name. |
Raw materials needed Stainless steel scrap and special steel alloys. |
Raw materials supplier Various scrap suppliers and alloy providers; specifics not disclosed. |
Recurring vs cyclical contribution Revenue is largely recurring from manufacturing contracts with some cyclical exposure to industrial demand. |
Our industry position Well-recognized in the stainless steel sector with consistent capacity expansion and financial growth. |
Financial highlights FY 2024-25 revenue Rs.431.47 Cr (+41.67% YoY), net profit Rs.13.36 Cr (+16.43% YoY). |
Geographical revenue split - |
Order book - |
Whats driving growth Capacity increases, product diversification, automated production, and rising industrial demand. |
Our future plans Investments in capacity expansion and new technology with cautious capital expenditure post-IPO. |
Our green promise Operates a 1.25 MW wind mill for renewable energy usage and focuses on sustainable manufacturing. |
Our people and values Employs 279 people, emphasizes ethical conduct, inclusiveness, and employee welfare. |
Key challenges ahead Raw material price volatility, competition, and maintaining margins amid expansion. |
Interesting facts One of the few integrated stainless steel manufacturers in India with a legacy exceeding 30 years. |
Risks and strategy Mitigates risks via diversification, quality focus, and compliance with industry and environmental standards. |
