Manorama Industries Limited MANORAMA NSE

Consumer Defensive · Packaged Foods · India

https://www.manoramagroup.co.in

Manorama Industries Limited manufactures, processes, and supplies specialty fats and butters from tree-borne, and plant-based seeds worldwide. The company offers shea butter and fat, sal butter, sal fat, shea oil, sal oil, sal stearine, shea stearine, mango butter and fat, mango oil, mango stearine, kokum butter and oil, mowrah fat, and de-oiled cakes, as well as cocoa, mowrah, and phulwara butter. It also provides organic castor, neem, karanja, moringa, and rice bran oil; and organic glycerine. In addition, the company trades in rice, wheat, sugar, raw cotton, cotton linter, maize/corn, soy meal, cotton seed meal, rice bran meal, sesame, sorghum yellow and white jawar, safflower, niger seeds, cassia tora, medicinal herbs, etc. Further, it offers value-added tailor made products to form the ingredients of cocoa butter equivalents. Its products are used in bakery, plant based food, chocolate and confectionery, technical products, culinary and savory, and animal nutrition industries. The company was incorporated in 2005 and is based in Raipur, India.

Market & Price

Market Cap

₹8,516.82 Cr

Current Price

₹1,426.40

High / Low (52W)

₹1,686.28 / ₹1,075.80

Beta

0.26

Valuation

Stock P/E

39.68

Industry PE

23.47

Forward P/E

26.12

PEG Ratio

Book Value

₹112.63

Price to Book

12.66

P/S

6.23

EV/EBITDA

24.97

Dividend Yield

0.04%

Profitability & Returns

ROCE

46.92%

ROE

37.98%

ROA

18.74%

Profit Margin

15.73%

Op Margin

23.01%

EPS (Latest Qtr)

₹7.12

EPS (TTM)

₹35.95

Balance Sheet & Liquidity

Debt/Equity

0.52

Quick Ratio

0.33

Current Ratio

1.95

Debt

₹355.76 Cr

Total Assets

₹1,189.53 Cr

Current Assets

₹923.65 Cr

Working Capital

₹450.41 Cr

Ownership

Promoter Holding

72.63%

Chg in Prom Hold

FII / Inst Holding

4.43%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹8,774.67 Cr

Total Revenue (TTM)

₹1,366.74 Cr

EBITDA

₹351.36 Cr

Free Cash Flow

₹131.47 Cr

Operating Cash Flow

₹250.42 Cr

Shares Outstanding

₹5.97 Cr

Gross Margin

45.61%

Payout Ratio

1.67%

Growth (CAGR)

Revenue 5Y

57.74%

Profit 5Y

93.26%

Revenue (YoY)

68.10%

Earnings (YoY)

31.50%

PROS

Strong return on equity of 38.0%.
Healthy ROCE of 46.9%.
Compounding revenue at 57.7% over 5 years.
Profit CAGR of 93.3% over 5 years.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Defensive).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	MANORAMA Manorama Industries Limited NSE	1,426.40	39.68	₹8,516.82 Cr	0.04%	46.92%	37.98%	57.74%	93.26%
2	HINDUNILVR Hindustan Unilever Limited NIFTY50NSE	2,153.50	47.62	₹5.06 L Cr	2.04%	22.15%	21.60%	2.31%	14.12%
3	ITC ITC Limited NIFTY50NSE	286.90	17.39	₹3.59 L Cr	5.58%	36.47%	29.34%	3.65%	2.54%
4	NESTLEIND Nestlé India Limited NIFTY50NSE	1,421.50	78.10	₹2.74 L Cr	0.84%	59.30%	76.34%	17.01%	23.05%
5	DMART Avenue Supermarts Limited NSE	4,054.50	88.49	₹2.64 L Cr	-	16.41%	12.94%	17.21%	7.69%
6	VBL Varun Beverages Limited NSE	528.00	56.17	₹1.79 L Cr	0.38%	19.44%	-	17.26%	26.57%
7	TATACONSUM Tata Consumer Products Limited NIFTY50NSE	1,178.40	75.78	₹1.17 L Cr	0.85%	8.29%	6.94%	13.87%	8.61%
8	MARICO Marico Limited NIFTY_MIDNSE	821.70	60.60	₹1.06 L Cr	0.49%	39.00%	41.39%	12.00%	10.61%
9	GODREJCP Godrej Consumer Products Limited NSE	1,029.30	56.49	₹1.05 L Cr	1.94%	21.44%	15.10%	4.59%	3.02%

Quarterly Results

Figures in INR.

Metric	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026
Revenue	209.20 Cr	232.81 Cr	289.55 Cr	362.54 Cr	391.34 Cr
Cost of Revenue	98.83 Cr	115.13 Cr	152.37 Cr	189.02 Cr	234.78 Cr
Gross Profit	110.37 Cr	117.68 Cr	137.19 Cr	173.52 Cr	156.56 Cr
Operating Expenses	62.22 Cr	62.83 Cr	68.21 Cr	75.81 Cr	79.40 Cr
Operating Income	48.15 Cr	54.85 Cr	68.98 Cr	97.71 Cr	77.17 Cr
EBITDA	58.06 Cr	70.77 Cr	80.47 Cr	115.73 Cr	77.51 Cr
Interest Expense	10.94 Cr	11.96 Cr	9.25 Cr	13.42 Cr	6.48 Cr
Pretax Income	41.12 Cr	52.41 Cr	65.49 Cr	95.89 Cr	63.60 Cr
Tax Provision	10.65 Cr	12.37 Cr	18.55 Cr	23.62 Cr	21.12 Cr
Net Income	30.47 Cr	40.04 Cr	46.94 Cr	72.27 Cr	42.48 Cr
Diluted EPS	5.09	6.69	7.85	12.10	7.12

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	348.21 Cr	455.76 Cr	770.84 Cr	1,366.74 Cr
Cost of Revenue	-	217.43 Cr	254.56 Cr	397.68 Cr	743.33 Cr
Gross Profit	-	130.79 Cr	201.20 Cr	373.17 Cr	623.41 Cr
Operating Expenses	-	85.19 Cr	141.29 Cr	208.90 Cr	297.71 Cr
Operating Income	-	45.60 Cr	59.91 Cr	164.27 Cr	325.70 Cr
EBITDA	-	61.76 Cr	85.41 Cr	207.41 Cr	361.71 Cr
Interest Expense	-	7.85 Cr	18.63 Cr	39.19 Cr	37.87 Cr
Pretax Income	-	43.06 Cr	53.17 Cr	146.08 Cr	298.18 Cr
Tax Provision	-	13.28 Cr	13.06 Cr	36.29 Cr	83.24 Cr
Net Income	-	29.78 Cr	40.11 Cr	109.79 Cr	214.94 Cr
Diluted EPS	-	4.99	6.72	18.35	35.99

Compounded Sales Growth

5 Years:	57.74%
1 Year:	68.10%

Compounded Profit Growth

5 Years:	93.26%
1 Year:	31.50%

Stock Price Performance

1 Year:	+1.34%
6 Months:	+7.95%
3 Months:	+0.80%
1 Month:	-5.47%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	424.41 Cr	736.66 Cr	983.32 Cr	1,189.53 Cr
Current Assets	-	270.29 Cr	555.97 Cr	790.18 Cr	923.65 Cr
Cash & Equivalents	-	1.88 Cr	41.63 L	2.65 Cr	9.94 Cr
Inventory	-	157.69 Cr	389.23 Cr	550.48 Cr	717.80 Cr
Receivables	-	27.58 Cr	41.82 Cr	101.73 Cr	62.49 Cr
Total Liabilities	-	126.11 Cr	399.65 Cr	523.60 Cr	517.38 Cr
Current Liabilities	-	96.00 Cr	342.90 Cr	473.62 Cr	473.23 Cr
Long Term Debt	-	23.99 Cr	50.74 Cr	42.85 Cr	32.81 Cr
Total Debt	-	110.02 Cr	346.38 Cr	482.30 Cr	355.76 Cr
Total Equity	-	298.30 Cr	337.01 Cr	459.72 Cr	672.15 Cr
Shares Outstanding	-	5.96 Cr	5.96 Cr	5.96 Cr	5.97 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	59.28 Cr	-153.50 Cr	-56.90 Cr	250.42 Cr
Investing Cash Flow	-	-99.47 Cr	-62.09 Cr	-33.64 Cr	-78.23 Cr
Financing Cash Flow	-	-7.12 Cr	214.12 Cr	92.77 Cr	-164.90 Cr
Capital Expenditure	-	-51.31 Cr	-39.05 Cr	-31.82 Cr	-54.84 Cr
Free Cash Flow	-	7.97 Cr	-192.54 Cr	-88.72 Cr	195.58 Cr
Net Change in Cash	-	-47.31 Cr	-1.47 Cr	2.24 Cr	7.29 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	37.6%	44.1%	48.4%	45.6%
Operating Margin %	-	13.1%	13.1%	21.3%	23.8%
Net Margin %	-	8.6%	8.8%	14.2%	15.7%
ROE %	-	10.0%	11.9%	23.9%	32.0%
ROCE %	-	13.9%	15.2%	32.2%	45.5%

Shareholding Pattern

Insiders

72.63%

Institutions

4.43%

Public Float

16.19%

Analyst View

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MANORAMA · Consumer Defensive