Manugraph India Ltd (MANUGRAPH) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

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

Manugraph India Share Price

16.20 0.00 0.00%
as on 04-Dec'25 16:59

Manugraph India Ltd (MANUGRAPH) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

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

DeciZen - make an informed investing decision on Manugraph India

Based on:

M-Cap below 100cr DeciZen not available

Manugraph India stock performance -

Key Ratios
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P/E Ratio (SA):
0.00
Market Cap:
49.3 Cr.
52-wk low:
14
52-wk high:
25.7

Is Manugraph India Ltd an attractive stock to invest in?

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 Fair 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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 2.5%-18.5%-7.8%-7%-18.5%-16.8%-9.7%-6.9%-16.7%-30.5%-
Value Creation
Index
-0.8-2.3-1.6-1.5-2.3-2.2-1.7-1.5-2.2-3.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 27125818525112129.746.179.665.859.480
Sales YoY Gr.--4.8%-28.5%35.9%-51.8%-75.5%55.1%72.8%-17.4%-9.8%-
Adj EPS 2-15.8-9.2-6.6-11.7-7-4.9-5.4-6.6-6.10
YoY Gr.--904.1%NANANANANANANANA-
BVPS (₹) 71.175.981.374.550.340.836.132.626.217.519.4
Adj Net
Profit
6-48.2-23.5-16.9-35.6-21.3-15-16.5-20.1-18.50
Cash Flow from Ops. 17.326.5-32.7-13.7-27.4-22.3-0.8-5.8-6.50.3-
Debt/CF from Ops. 00-0.10-0.3-0.9-21.3-1.8-2.721.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -15.5%-13.3%8.8%-9.8%
Adj EPS -213.4%NANANA
BVPS-14.4%-19%-21.4%-33.2%
Share Price -12.8% 9.1% 4.6% -29%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2.8-21.6-10.7-8.5-20.7-15.4-12.8-15.8-22.5-27.90.1
Op. Profit
Mgn %
3.30.3-3.7-3.2-24.5-52.6-27.6-18.7-25.6-20.61.4
Net Profit
Mgn %
2.2-18.7-12.7-6.7-29.4-71.7-32.5-20.7-30.6-31.20
Debt to
Equity
00000.10.20.20.10.20.10
Working Cap
Days
1721482291853341,145586344397349126
Cash Conv.
Cycle
73588592198711378194206157-24

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 0.10%

Sales growth is good in last 4 quarters at 46.08%

Sales growth has been subdued in last 3 years 8.83%

Latest Financials - Manugraph India Ltd.

Standalone Consolidated
TTM EPS (₹) 0 -3.4
TTM Sales (₹ Cr.) 80.2 79.6
BVPS (₹.) 19.4 0
Reserves (₹ Cr.) 53 93
P/BV 0.83 0.00
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 14.00 / 25.69
All Time Low / High (₹) 1.02 / 318.25
Market Cap (₹ Cr.) 49.3
Equity (₹ Cr.) 6.1
Face Value (₹) 2
Industry PE 50.6

Management X-Ray of Manugraph India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Manugraph India - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

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Key Ratios of Manugraph India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales271.31258.32184.67251.04121.0229.6946.0579.5765.7659.35
Operating Expenses 262.27258.19191.49259.82150.6945.3158.7794.4782.5671.56
Manufacturing Costs11.3312.059.3911.486.403.164.385.433.714.01
Material Costs162.90151.55110.71158.0383.2918.7127.4357.1148.3440.30
Employee Cost 54.9160.7145.9254.5344.9317.3719.2422.8823.3718.91
Other Costs 33.1433.8925.4835.7916.076.077.729.057.148.34
Operating Profit 9.050.12-6.82-8.78-29.67-15.63-12.72-14.90-16.80-12.22
Operating Profit Margin (%) 3.3%0.0%-3.7%-3.5%-24.5%-52.6%-27.6%-18.7%-25.5%-20.6%
Other Income 6.046.679.925.403.363.342.101.140.690.73
Interest 1.940.941.331.701.702.532.472.842.382.55
Depreciation 6.526.125.294.452.421.701.351.391.120.79
Exceptional Items -3.08-41.96-15-6.33-4.02-11.70-1.1370-11.79
Profit Before Tax 3.54-42.22-18.51-15.85-34.46-28.22-15.57-10.99-19.61-26.62
Tax -2.451.732.10-0.540.880.48-0.210.310.250.07
Profit After Tax 5.98-43.96-20.62-15.31-35.34-28.70-15.36-11.30-19.86-26.69
PAT Margin (%) 2.2%-17.0%-11.2%-6.1%-29.2%-96.7%-33.3%-14.2%-30.2%-45.0%
Adjusted EPS (₹)2.0-14.5-8.1-6.0-11.6-9.4-5.1-3.7-6.5-8.8
Dividend Payout Ratio (%)51%-3%-7%-8%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 216.20230.83207.85190.34153.10124.16109.6399.1479.7153.28
Share Capital 6.086.085.115.116.086.086.086.086.086.08
Reserves 210.12224.75202.74185.22147.02118.08103.5593.0673.6347.19
Minority Interest0000000000
Debt002.5209.1118.8517.7010.4517.647
Long Term Debt0000000000
Short Term Debt002.5209.1118.8517.7010.4517.647
Trade Payables21.2522.9137.5017.4124.108.807.5022.5716.2712.81
Others Liabilities 56.1255.6356.5746.9140.1231.2635.1139.8237.4469.08
Total Liabilities 293.56309.37304.44254.65226.43183.07169.94171.98151.06142.16

Fixed Assets

Gross Block155.34212.73208.22212.78211.91205.30203.53197.90197.05186.89
Accumulated Depreciation119.10107.44107.16115.35116.64112.08111.65108.30108.53101.72
Net Fixed Assets 36.24105.29101.0597.4395.2893.2291.8889.6088.5285.17
CWIP 00.4600000000
Investments 100.4587.5558.2317.531.430.700.29000
Inventories61.7847.9177.7080.2962.1852.9550.7760.1443.5630.60
Trade Receivables26.246.3317.975.7918.053.411.132.441.346
Cash Equivalents 21.8819.464.3525.6422.0610.648.351.580.442.99
Others Assets 46.9842.3745.1427.9827.4322.1617.5218.2017.2117.40
Total Assets 293.56309.37304.44254.65226.43183.07169.94171.98151.06142.16

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 17.2726.47-32.73-13.68-27.35-22.25-0.83-5.84-6.500.33
PBT 3.54-42.22-18.51-15.85-34.46-28.22-15.57-10.99-19.61-26.62
Adjustment 2.9641.4612.143.640.360.332.48-3.561.972.20
Changes in Working Capital 12.727.47-25.93-1.565.724.968.098.8811.1424.62
Tax Paid -1.92-0.23-0.430.091.030.684.17-0.17-0.010.14
Cash Flow From Investing Activity -1.01-25.0326.8120.1317.9513.854.0516.730.3914.72
Capex -1.630.70-0.52-0.29-0.151.410.578.110.1715.17
Net Investments -1.27-28.4416.5739.0711.980.731.637.8300
Others 1.892.7010.76-18.656.1211.711.850.790.22-0.45
Cash Flow From Financing Activity -9.23-3.82-0.04-5.406.257.53-3.60-10.025-13.11
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -1.24-0.12-0.85-0.93-0.92-2.16-2.38-2.72-2.08-2.43
Dividend Paid -1.89-3.70-1.72-1.95-1.95-0.05-0.05-0.03-0.06-0.03
Others -6.1102.52-2.529.119.74-1.16-7.287.14-10.64
Net Cash Flow 7.03-2.38-5.971.05-3.15-0.87-0.380.87-1.121.95

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)2.78-19.67-9.4-7.69-20.58-20.7-13.14-10.82-22.21-40.14
ROCE (%)2.51-18.47-7.77-7.03-18.53-16.83-9.69-6.88-16.65-30.54
Asset Turnover Ratio1.010.950.620.90.50.140.260.470.410.4
PAT to CFO Conversion(x)2.89N/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days32212317361321881023
Inventory Days8270121115215708411254288228
Payable Days6253100639132110896147132

Manugraph India Ltd Stock News

Manugraph India Ltd FAQs

The current trading price of Manugraph India on 04-Dec-2025 16:59 is ₹16.20.
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 03-Dec-2025 the market cap of Manugraph India stood at ₹49.27.
The latest P/E ratio of Manugraph India as of 03-Dec-2025 is 0.00.
The latest P/B ratio of Manugraph India as of 03-Dec-2025 is 0.83.
The 52-week high of Manugraph India is ₹25.69 and the 52-week low is ₹14.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Manugraph India is ₹80.20 ( 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

Subsidiary

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.

Awards/Achievements

  • 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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