Mangalam AlloysNSE:MAL -2.94%38 Current Ratio is 1.43 as of Mar. 2025. GuruFocus rates NSE:MAL with a GF Score™ of 38/100. Among 636 Steel companies, Mangalam Alloys ranks worse than 58.65% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Mangalam Alloys's current ratio for the quarter that ended in Mar. 2025 was 1.43.
Mangalam Alloys has a current ratio of 1.43. It generally indicates good short-term financial strength.
The historical rank and industry rank for Mangalam Alloys's Current Ratio or its related term are showing as below:
NSE:MAL's Current Ratio is not ranked *
in the Steel industry.
Industry Median: 1.63 * Ranked among companies with meaningful Current Ratio only.
Mangalam Alloys (NSE:MAL) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Mangalam Alloys Current Ratio Related Terms
Mangalam Alloys Current Ratio Historical Data
* Premium members only.
The historical data trend for Mangalam Alloys's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:MAL vs NUE, STLD, RS: Current Ratio Comparison
For the Steel subindustry, Mangalam Alloys's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mangalam Alloys Current Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Mangalam Alloys's Current Ratio distribution charts can be found below:
* The bar in red indicates where Mangalam Alloys's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mangalam Alloys (NSE:MAL) has a Current Ratio of 1.43 as of Mar. 2025. According to the industry distribution chart, Mangalam Alloys ranks #373 out of 636 companies in the Steel industry, placing it in the top 58.6%.
Is Mangalam Alloys' Current Ratio too high?
Mangalam Alloys' current Current Ratio is 1.43. The Steel industry median Current Ratio is 1.63. Mangalam Alloys' value of 1.43 is 12.3% below this industry median. Based on the distribution chart, Mangalam Alloys ranks #373 out of 636 companies in the Steel industry, which is below the industry midpoint. Overall, Mangalam Alloys has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Mangalam Alloys' Current Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Mangalam Alloys ranks #373 out of 636 companies for Current Ratio. This places Mangalam Alloys in the lower half of its industry. The industry median Current Ratio is 1.63. Mangalam Alloys' value of 1.43 is 12.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Steel company?
The median Current Ratio among Steel companies is 1.63, based on 636 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mangalam Alloys's current Current Ratio of 1.43 is 12.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Steel industry, the median Current Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mangalam Alloys's current Current Ratio is 1.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mangalam Alloys stock overvalued right now?
Mangalam Alloys (NSE:MAL) has a current Current Ratio of 1.43. The current Current Ratio is 1.43 and 12.3% below the Steel industry median of 1.63. Mangalam Alloys' overall GF Score™ is 38/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Mangalam Alloys (NSE:MAL), the current Current Ratio is 1.43 as of Mar. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Mangalam Alloys Ltd is engaged in the manufacturing and distribution of high-quality stainless steel products. It is a stainless steel melting unit. Its products include forging ingots, billets, black round bars, bright round bars, hexagonal and square bars, SS RCS, angle bars, fasteners, and others. It operates in one segment, stainless steel products.
38GF Score
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