Manugraph India Ltd Stock Analysis

BSE: 505324 | NSE: MANUGRAPH | Engineering - Industrial Equipments | Small Cap

BSE Share Price 01-Feb-2023 17:47
16.80 0.80 (5.00%)

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Manugraph India Price Chart

P/E Ratio ( SA) :
Market Cap :
48.7 Cr.
52-wk low :
52-wk high :
Bole Toh?

1. Is Manugraph India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Manugraph India Ltd is a below average quality company.

2. Is Manugraph India Ltd undervalued or overvalued?

The key valuation ratios of Manugraph India Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Manugraph India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Manugraph India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Manugraph India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Manugraph India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

ROCE % 5.3%0.3%-5.3%3.4%-21.3%-10.2%-7.8%-19.4%-12.8%-9.8%-
Value Creation Index -0.6-1.0-1.4-0.8-2.5-1.7-1.6-2.4-1.9-1.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 31225621627125818525112129.746.157
YoY Gr. Rt. %--18%-15.8%25.9%-4.8%-28.5%35.9%-51.8%-75.5%55.1%-
Adj EPS 3.7-0.2-4.32-15.8-9.2-6.6-11.7-7-4.9-5.6
YoY Gr. Rt. %--104.8%NANA-904.1%NANANANANA-
BVPS (₹) 78.574.870.371.175.981.374.550.340.836.133.1
Adj Net Profit 11.3-0.6-13.16-48.2-23.5-16.9-35.6-21.3-15-17
Cash Flow from Ops. -112.2-23.117.326.5-32.7-13.7-27.4-22.3-0.8-
Debt/CF from Ops. 00-0.300-0.10-0.3-0.9-21.3-


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -19.2%-29.2%-43.2%55.1%
Adj EPS -203.1%NANANA
BVPS -8.3-13.8-21.5-11.7
Share Price -8.6% -19.8% 5.6% -7.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity % 4.8-0.2-5.92.8-21.6-10.7-8.5-20.7-15.4-12.8-16.3
Op. Profit Mgn % 8.62.6-
Net Profit Mgn % 3.6-0.2-6.12.2-18.7-12.7-6.7-29.4-71.7-32.5-30.1
Debt to Equity 00000000.10.20.20
Working Cap Days 1711912241721482291853341,145586275
Cash Conv. Cycle 75921037358859219871137880

Recent Performance Summary

Sales growth is good in last 4 quarters at 45.05%

Return on Equity is Poor

Sales growth has been subdued in last 3 years 0.00%

Latest Financials - Manugraph India Ltd.

Standalone Consolidated
TTM EPS (₹) -5.6 -5.2
TTM Sales (₹ Cr.) 56.9 56.9
BVPS (₹.) 33.1 33.2
Reserves (₹ Cr.) 95 95
P/BV 0.48 0.49
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 11.68 / 20.30
All Time Low / High (₹) 1.02 / 318.25
Market Cap (₹ Cr.) 48.7
Equity (₹ Cr.) 6.1
Face Value (₹) 2
Industry PE 19.9

Management X-Ray of Manugraph India :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Manugraph India

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)


Manugraph India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Manugraph India on 01-Feb-2023 17:47 is : 16.80.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Feb-2023 17:47 the market cap of Manugraph India stood at ₹ 48.66.
The latest PE ratio of Manugraph India as of 01-Feb-2023 17:47 is 0.00.
The latest PB ratio of Manugraph India as of 01-Feb-2023 17:47 is 0.48
The 52-week high of Manugraph India is ₹ 20.30 and the 52-week low is ₹ 11.68.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Manugraph India is ₹ 56.90 ( Cr.) .

About Manugraph India Ltd

Manugraph India was established in the year 1972 by its founder S M Shah. The company is India’s largest manufacturer of web offset presses.

It is the first Indian company to have achieved a breakthrough in exporting ‘Made in India’ printing machines to advanced countries such as Germany, France, UK & USA as early as in 1994-95.  Over the years, Manugraph has emerged as a thriving, nimble, printing machinery manufacturing enterprise, because of its ability to adapt itself rapidly to meet the challenges of a competitive economy and its commitment to be a supplier of choice by delighting customers with its excellent services and cutting edge technology. Manugraph believes that the key to maintaining a sustained success is choosing the right technologies and applying them to build cost-effective quality machines. Constant modernization and employment of state-of-the-art technology has enabled Manugraph to stay ahead in the industry, always.

Motivating management practices, excellent leadership, highly skilled workforce and a well focused approach has led Manugraph to achieving the goal of being the leader in the niche 4-page Newspaper Offset Printing Press market. Manugraph owes its strong position as a supplier of choice not only to its technical competence, but also to its clear orientation towards the customer wishes. Once functionality and timing are agreed upon, the client could relax, knowing well Manugraph would deliver quality presses exactly as agreed upon, right on time. Manugraph develops strong business partnerships with clients, providing most satisfactory after-sale services on a continuous basis.

In India, Manugraph ranks as Numero Uno in the manufacture of web offset presses. With a whopping 60% market share and quality presses ranging in speeds from 35,000–60,000 copies per hour, Manugraph presses are present in nearly all major publication houses.

Manugraph has significant presence in the international market too. Leading publishers from South America, Europe, Middle East, Asia & the CIS countries have all invested in Manugraph presses.

Product range of the company include:

  • News Paper Web-4*1–Smartline- featuring single circumference plate cylinder and double circumference blanket cylinder both in double width, offers high flexibility for page counts, with low production cost. The press can print the same number of pages as a double circumference plate cylinder press, yet with half the number of plates giving the same high production speed.
  • News Paper Web - 2x1 – Frontline- it is an economic model that meets the printing requirements of high circulation newspapers efficiently, with a maximum output of 60,000 copies per hour.
  • News Paper Web - 2x1 - Hiline Express
  • News Paper Web - 2x1 – Hiline- it is an economic model that meets the printing requirements of medium circulation newspapers efficiently, with a maximum output of 45,000 copies per hour.
  • News Paper Web - 2x1 - 430 Max
  • News Paper Web - 2x1 – Cityline Express- puts its major focus on multicolour printing with a wide range of modules occupying very little floor space
  • Folder- F- 1240
  • Folder - F – 222
  • Folder - F - 233


In Nov 2006 Manugraph acquired 100% stake in the US-based press manufacturing firm Dauphin Graphic Machines Inc. (DGM). With this acquisition, Manugraph is now No.1 Single width, Single circumference press manufacturing company in the world! The US-based company is now called Manugraph DGM Inc.


  • The company has been awarded ISO 9001 certificate.
  • Manugraph Hiline received Gold Award from its customer United Printing Press in Jan 2009 at The Third Annual Dubai Print Awards.

Recent developments

Manugraph India on June 2, 2009 has announced with the reference to the earlier announcement dated January 6, 2009 regarding the operations of plants of the company at Kolhapur have been reduced from 6 days a week to 5 days due to sluggish market conditions, that the company does not foresee any improvement in business conditions. Also exports have slowed down significantly. Considering this local and global scenario, the company has been constrained to suspend the production at Unit No.II at Kolhapur and also has reduced its operations at Unit No.1 substantially in consonance with the orders in hand and to reduce the piling of inventory.

Until such time the situation does not improve, the company will take cost cutting measures which are necessary to improve its working and reduce the financial burden.

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