Promoter Bought 470,200 & Over 20,000% Returns in 2 Decades: Cement Manufacturing Stock Jumps as Company Emerges Preferred Bidder for Rajasthan Mining Lease

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Promoter Bought 470,200 & Over 20,000% Returns in 2 Decades: Cement Manufacturing Stock Jumps as Company Emerges Preferred Bidder for Rajasthan Mining Lease

The stock is up by 14.5 per cent from its 52-week low of Rs 665 per share and has given returns of 230 per cent in just 5 years.

Shares of Mangalam Cement Ltd were trading higher on Tuesday after the company announced it had been declared the Preferred Bidder for a mining lease of the Nimana-Duniya Extension Block in Kota, Rajasthan.  Following the news, the stock rose by 1.91 per cent to Rs 762.20 as of 10:54 a.m. IST. It opened at Rs 747.10 and moved to an intraday high of Rs 772.75, while the low stood at Rs 745.30. The volume-weighted average price (VWAP) was Rs 762.15. The stock price has recorded a 52-week low of Rs 640.00 and the 52-week high of Rs 1,095.65. 

Mangalam Cement Ltd. announced on July 8, 2025, that it has been declared the Preferred Bidder for a Mining Lease for the Nimana-Duniya Extension Block, situated in the District of Kota, Rajasthan. The company participated in a forward e-auction for this block on MSTC's e-auction portal on July 4, 2025. This auction was issued by the Government of Rajasthan.

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About Company

Mangalam Cement Limited, incorporated in 1976, is engaged in the manufacturing of Cement in India and is a professionally run company, managed by Smt. Vidula Jalan of the B.K. Birla group. The Co. has its own manufacturing plants in Morak (Rajasthan) and Aligarh (Uttar Pradesh). The company markets and sells its product under the brand name of Birla Uttam Cement. The Company sells regular OPC, PPC cements and clinker under the brand Birla Uttam. The Company currently has an installed cement capacity of 44 lakhs MTPA and clinker capacity of 27 lakhs MTPA. MCL has an established manufacturing presence in the northern (Rajasthan) and central (Uttar Pradesh) parts of India. It sells cement mainly in Uttar Pradesh (43 per cent) and Rajasthan (32 per cent), followed by Madhya Pradesh (18 per cent), Delhi (3 per cent) and a few other states. 

In the March 2025 quarter, promoters increased their shareholding to 39.52 per cent from 37.81 per cent in December 2024. This represents a purchase of 470,200 shares during the quarter. A year ago, in March 2024, promoter holding stood at 36.94 per cent with 10,157,420 shares, indicating a steady rise in ownership over the past year.

The company has a market cap of over Rs 2,000 crore and has delivered stock price growth of 30 per cent CAGR over the last 5 years. In FY25, the company did net sales of Rs 1,381 crore and net profit of Rs 45 crore. The stock is up by 14.5 per cent from its 52-week low of Rs 665 per share and has given returns of 230 per cent in just 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.