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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Mangalam Alloys's Sloan Ratio for the quarter that ended in Mar. 2025 was 2.93%.
As of Mar. 2025, Mangalam Alloys has a Sloan Ratio of 2.93%, indicating the company is in the safe zone and there is no funny business with accruals.
Mangalam Alloys (NSE:MAL) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Mar. 2025, Mangalam Alloys has a Sloan Ratio of 2.93%, indicating the company is in the safe zone and there is no funny business with accruals.
Mangalam Alloys Sloan Ratio % Related Terms
Mangalam Alloys Sloan Ratio % Historical Data
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The historical data trend for Mangalam Alloys's Sloan 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: Sloan Ratio % Comparison
For the Steel subindustry, Mangalam Alloys's Sloan Ratio %, along with its competitors' market caps and Sloan 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 Sloan Ratio % vs Steel Industry
For the Steel industry and Basic Materials sector, Mangalam Alloys's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Mangalam Alloys's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Mangalam Alloys's Sloan Ratio for the fiscal year that ended in Mar. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Mangalam Alloys's Net Income for the trailing twelve months (TTM) ended in Mar. 2025 was 9.415 (Sep. 2024 ) + 124.139 (Mar. 2025 ) = ₹134 Mil.
Mangalam Alloys's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2025 was -55.625 (Sep. 2024 ) + 66.883 (Mar. 2025 ) = ₹11 Mil.
Mangalam Alloys's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2025 was 5.858 (Sep. 2024 ) + -18.311 (Mar. 2025 ) = ₹-12 Mil.
* 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 Sloan Ratio % of 2.93% as of Mar. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Mangalam Alloys and its competitors.
Is Mangalam Alloys' Sloan Ratio % too high?
Mangalam Alloys' current Sloan Ratio % is 2.93%. Overall, Mangalam Alloys has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Mangalam Alloys' Sloan Ratio % compare to NUE and STLD?
Mangalam Alloys' Sloan Ratio % of 2.93% can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Steel company?
A good Sloan Ratio % depends on the Steel industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Mangalam Alloys and its competitors. Mangalam Alloys's current Sloan Ratio % is 2.93%. 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 Sloan Ratio % of 2.93%. The current Sloan Ratio % is 2.93%. 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 Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Mangalam Alloys (NSE:MAL), the current Sloan Ratio % is 2.93% 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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