Mangalam Timber Products Ltd

Key Stats

Day's Price Range
52-Week Price Range
1 Year Return38.8 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 98
Rank 101
Rank 126
Dividend Yield
Rank 37
Rank 162
Price To Book Ratio
Rank 76
Debt To Asset
Rank 125

Company Information

A Birla group company in a joint venture with the Government of Orissa Mangalam Timber Products MTPL is the pioneer in the manufacture of medium density fibre boards. It went public in Apr.86. It introduced the technology for the first time in the country under technical collaboration with G Siempelkamp Germany in 1987. Its brand name is Duratuff MDF and the product is manufactured using plantation timber / waste wood / agro waste. The product is suitable for furniture doors door frames panelling partitioning cupboards ceilings etc.The company has assumed a leadership role in the industry by promoting social forestry projects and industrial plantations to meet its requirements of raw materials. More than five mln trees have been planted in noncultivated barren lands thereby providing employment and earning opportunity to poor tribals in the backward areas of Orissa.Since its inception the company found its proceedings tough due to various reasons primary amongst them being : acceptance of the new product by the market and availability of raw materials ie wood fibres which is derived from trees like eucalyptus. In 199394 the company turned in a profit. In 199495 MTPL exported products worth Rs 7.08 cr to various countries including the UK. It has the ISI certification for its products. Adverse market conditions and nonavailability of wood and timber from the Government of Orissa resulting in high cost of timber among other factors have resulted in losses and erosion of the companys net worth. MTPL has submitted the revivial package to IDBI the operating agency appointed by BIFR.The rehabilitation package seeks certain reliefs and concessions which interalia included waiver of overdue interest on term loans/Nonconvertible debentures and also one time settlement of major part of outstanding on account term loans to institutions.During 200001 the company was awarded ISO 9002 Certificate by M/s Det Norske Veritas DNV Netherlands and is pleased to inform that the company is the only Medium Density Fibreboard Plant in India having ISO 9002 Certificate. The Formaldehyde plant which is mechanically complete is expected to commence its production in the current year. The trial run is being carried out.
OrganisationMangalam Timber Products Ltd