Connect with us

Basic Materials

Mangalam Worldwide Limited (MWL) Q2 FY27: PAT Rises 31% Yoy to ₹13.82 Crores

Mangalam Worldwide Limited (MWL) reports a 31% YoY increase in PAT to ₹13.82 crores for Q2 FY27, with strong export growth and new Belgium subsidiary.

Shruti singh - TradeAlone

Published

on

Mangalam Worldwide Limited MWL Q2 FY27 Results

Mangalam Worldwide Limited (MWL), a leading fully integrated stainless steel manufacturer, announced its financial results for the quarter ended September 30, 2026. The company’s Profit After Tax (PAT) rose 30.90% year-on-year to ₹13.82 crores, up from ₹10.55 crores in the same quarter last year. Total income for Q2 FY27 stood at ₹361 crores, marking a 13.4% YoY growth compared with ₹319 crores in Q2 FY26.

Key Financial Highlights

Export revenue surged significantly, with export revenue reaching ₹63.86 crore, a remarkable 355% YoY increase from ₹14.04 crore in Q2 FY26. The company’s Adjusted EBITDA also saw a substantial rise, climbing to ₹40.17 crore, up 81% YoY from ₹22 crores in Q2 FY26.

Strategic Expansion

In a strategic move to strengthen its international presence, Mangalam Worldwide Limited incorporated its wholly owned subsidiary, MWL Europe BV, in Belgium. This move is part of the company’s efforts to enhance operational efficiencies and explore new business opportunities in the European market.

Mr. Chandragupt Prakash Mangal, Managing Director of Mangalam Worldwide Limited, emphasized the company’s commitment to operational efficiency and business growth. He highlighted the importance of the new subsidiary in Belgium as a key milestone in their global expansion journey.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Mangalam Worldwide Limited

Mangalam Worldwide Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

MWL
Basic Materials › Steel
CONSOLIDATION
74
Fundamental
86
Technical
80
Overall

1W -1%
1M +2.51%
3M +13.56%
P/E: 23.8 Cap: Small
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Mangalam posts a 9.2% three-month gain, but softens in the last few weeks. The PEG of 0.54 signals undervaluation relative to growth. It is a potential re-rating candidate. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock gives back 1.1% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Both the business and the stock move in the right direction. Revenue grows at 23.3%, profits at 42.8%, and the PEG sits at 0.54 — below its growth rate. That combination is rare. Check Fundamentals of Mangalam Worldwide Limited.

Basic Materials

Jindal Stainless Limited (JSL) Deploys Electric Trucks for Green Mobility Initiatives

Jindal Stainless Limited (JSL) deploys 10 electric trucks, marking a significant step in its green mobility initiatives and decarbonization efforts.

kuldeep yadav tradealone

Published

on

Jindal Stainless Limited JSL October Green Mobility

Jindal Stainless Limited (JSL), India’s leading stainless steel manufacturer, has deployed 10 dedicated electric trucks for finished goods transportation for the first time, marking a significant step in its green mobility initiatives and broader decarbonization efforts. The electric trucks will operate on routes connecting the company’s Jajpur plant with Kharagpur and Kolkata, as part of its phased transition towards electric and alternative-fuel mobility solutions across logistics operations.

Commitment to Green Mobility

The deployment builds on the company’s ongoing adoption of alternative-fuel vehicles across key transportation corridors. Jindal Stainless currently operates 80 LNG trucks for finished goods transportation from its Jajpur and Hisar facilities to western India, alongside the beginning of deployment of CNG trucks to transport import cargo from Dhamra to Jajpur. The company has also deployed 60 CNG buses for employee transportation at its Hisar and Jajpur facilities.

Environmental Impact

Together, these green mobility initiatives are expected to facilitate the movement of approximately 8,000-10,000 tonnes of cargo per month using electric and alternative fuel vehicles. The company plans to progressively expand the deployment of these solutions across suitable logistics routes, taking into account the operational requirements of different transportation corridors. Based on a modelled monthly green dispatch volume of 8,000-9,000 tonnes and an equivalent truck travel distance of approximately 240,000 kms, the combined transportation mix of electric, CNG, and LNG vehicles is expected to reduce emissions by approximately 71 tonnes CO₂ per month. This represents a reduction of around 26% compared with diesel-based transportation under regular operating conditions.

The green mobility programme complements Jindal Stainless’ broader environmental initiatives, which include enhancing energy efficiency, increasing the use of renewable energy, and strengthening resource circularity across its operations.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Jindal Stainless Limited

Jindal Stainless Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

JSL
Basic Materials › Steel
CONSOLIDATING DOWN
74
Fundamental
58
Technical
66
Overall

1W -2.47%
1M -5.56%
3M -3.18%
P/E: 18.1 Cap: Large
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Jindal moves sideways over three months, with neither buyers nor sellers taking control. Thin margins at 7.4% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock holds at 27% of its 52-week range with RSI at 44. In other words, neither side has a clear edge right now. Revenue grows at 6.4% and profits at 14.7%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Jindal Stainless Limited.

Continue Reading

AARTIIND

Aarti Industries Limited (aartiind) Secures 10+ Year Strategic Manufacturing Agreement

Aarti Industries Limited (AARTIIND) secures a 10+ year strategic manufacturing agreement with a global specialty chemical company, promising ₹1,500 crores in.

kuldeep yadav tradealone

Published

on

Aarti Industries Limited Aartiind 10+ Year Agreement

Aarti Industries Limited (AIL) announced a 10+ year strategic and dedicated manufacturing and supply agreement with a leading global specialty chemical company. The agreement, expected to generate an estimated revenue of ₹1,500 crores (about US$150 million) over its term, establishes a new customer relationship for AIL and supports the customer’s expanding requirements in India.

Strategic Manufacturing Setup

AIL will set up, commission, and operate a dedicated manufacturing facility in India for a specialty chemical used in high-performance applications. This facility will be based on the customer’s proprietary process technology and will involve a structured financial arrangement to finance CAPEX of less than US$25 million.

Commercial Operations

Commercial operations are expected to commence in FY2028–29, subject to applicable approvals. By localizing manufacturing through a dedicated Indian setup, this arrangement will support supply-chain resilience and the customer’s growth plans in India.

Growth and Expansion

For AIL, the agreement broadens its global customer base, strengthens its strategic manufacturing portfolio, and creates a platform to deepen the relationship as the customer’s India requirements grow. Mr. Suyog Kotecha, Managing Director and Chief Executive Officer, Aarti Industries Limited, commented on the development, emphasizing the confidence placed in AIL’s ability to establish and operate dedicated manufacturing assets to global standards.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Aarti Industries Limited

Aarti Industries Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

AARTIIND
Basic Materials › Specialty Chemicals
CONSOLIDATING DOWN
44
Fundamental
74
Technical
59
Overall

1W +1.35%
1M +1.06%
3M -1.36%
P/E: 34.1 Cap: Mid
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Aarti holds in the upper half of its 52-week range, a sign the market backs the stock. Thin margins at 5.9% leave limited room for error — any demand softness or cost spike hits the bottom line hard. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock holds at 64% of its 52-week range with RSI at 45. In other words, neither side has a clear edge right now. Revenue grows at 7.9% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Aarti Industries Limited.

Continue Reading

Basic Materials

Steel Exchange India Limited (steelxind) Records Production, Credit Upgrade and Rapid Deleveraging

Steel Exchange India Limited (STEELXIND) sees record production, credit upgrade, and deleveraging in H1 FY27.

Reena Bhati - Tradealone

Published

on

Steel Exchange India Limited NSE: Steelxind H1 FY27

Steel Exchange India Limited (NSE: STEELXIND), a leading integrated steel manufacturer in South India, has made significant strides in H1 FY27. The company achieved its highest-ever monthly and quarterly Re-Bar production, secured a two-notch credit rating upgrade, and reduced its debt substantially. These achievements underscore SEIL’s robust operational performance and strategic financial management.

Record Production

In Q2 FY27, Steel Exchange India Limited recorded its highest-ever quarterly Re-Bar production of 69,617.424 MT, marking a 45% year-over-year and 25% quarter-over-quarter growth. Notably, September 2026 set a new monthly record of 25,095.035 MT, surpassing the previous high of 24,823.509 MT in August 2026.

Credit Rating Upgrade

Infomerics upgraded Steel Exchange India Limited’s long-term rating by two notches from IVR BBB-/Stable to IVR BBB+/Stable. Additionally, the short-term rating was upgraded from IVR A3 to IVR A2. The rated bank facilities were enhanced from ₹200 Crore to ₹359.63 Crore, taking the total rated quantum to ₹558.19 Crore.

Rapid Deleveraging

The company reduced its total debt by ₹102 Crore, including the redemption of ₹43.19 Crore of NCDs and progressive term loan prepayments. This move has discharged around 30% of its long-term debt since December 2025, supported by operational cash flows and strategic equity inflows from IMR Group.

These milestones highlight Steel Exchange India Limited’s commitment to operational excellence and strategic financial management, setting a strong foundation for future growth and stability.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of STEEL EXCHANGE INDIA LIMITED

STEEL EXCHANGE INDIA LIMITED belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

STEELXIND
Basic Materials › Steel
CONSOLIDATING DOWN
36
Fundamental
70
Technical
53
Overall

1W -6.15%
1M -15.73%
3M -15.17%
P/E: 39.3 Cap: Small
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

STEEL falls 14.3% over three months and has not found a floor yet. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue contracts at -8.7% CAGR. That signals structural headwinds, not a short-term blip. The stock holds at 49% of its 52-week range with RSI at 40. In other words, neither side has a clear edge right now. The stock holds up despite -8.7% revenue growth and a PEG of 99.00. That could signal an early turnaround. Alternatively, index flows simply support the price. Watch whether analysts revise estimates upward — that is the real signal. Check Fundamentals of STEEL EXCHANGE INDIA LIMITED.

Continue Reading

Trending