Mangalam Organics: Camphor is pure or not but profits are coming good

Jan 31, 2019

Mangalam Organics sells Camphor products. Its main product is Camphor as segment. In this segment, it has Camphor, Dipentene and Sodium Acetate. In all three, it sells Camphor mainly for profit.

I was checking Mangalam Organics product's review on Amazon.in. I am not sure if its product is pure or not after reading many reviews.


Mangalam Organics is available on cheaper valuation. If it can maintain its profit and sales growth then this is very cheap currently.

CMP: Rs 504.

Its Camphor is REACH certified which is required under European law to sell at that place.  I have checked for Bornan-2-one which is mentioned in the pdf and found that Bornan-2-one is Camphor from here. But the PDF does not mention anything about whether it is Organic or not.

Its input price is volatile and demand-supply is dependent on China. Import from China has decreased which has helped the company.

CRISIL has rated it is Sept 2018. From BBB+/Stable to BBB+/Positive.

Peers: Kanchi Karpooram Ltd.

Kanchi Karpooram and this company is looking same on product mix. Both are subject to raw material price volatility. Mangalam Organics has tied up with a company called DRT, France is short. It will help in marketing Resins and product development. This will take time to come to reality.


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