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Manorama Industries Ltd (MANORAMA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 541974 NSE: MANORAMA Consumer Food | Small Cap | Manorama Industries Share Price
₹1,930 116.20 (6.41%)
As on 03-Sep'26 12:31
Manorama Industries Ltd (MANORAMA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 541974 NSE: MANORAMA Consumer Food | Small Cap | Manorama Industries Share Price
₹1,930 116.20 (6.41%)
As on 03-Sep'26 12:31
Key Metrics
Valuation Multiples
Market Cap
₹11,449 Cr.
Current Price
₹1,930
52-Week Low / High
₹1,065 / 2,041
TTM EPS
₹41.9
TTM Sales
₹1,472 Cr.
Book Value per Share
₹202
P/E Ratio
43.33
Lower than its 5-year historical median
Industry PE
52.3
Price to Book (P/B)
8.98
Higher than its 5-year historical median
Price to Sales (P/S)
7.78
Higher than its 5-year historical median
EV/EBITDA
27.87
Lower than its 5-year historical median
Dividend Yield
0.04%
Profitability Efficiency
Return on Equity (ROE)
40.96%
Outperforms industry median
Return on Capital Employed (ROCE)
35.49%
Outperforms industry median
Return on Assets (ROA)
21.34%
Operating Profit Margin
27.1%
Net Profit Margin
17.18%
Gross Profit Margin
25.2%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
76.13%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
92.73%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
108.14%
Asset Quality
Promoter Holding
54.32%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,263 Cr.
Equity
₹12.6 Cr.
Face Value
₹2
All Time Low / High
₹36.00 / 2041.00
Check Before You Invest
Quality
Somewhat GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Strong
Is Manorama Industries Ltd a good quality company?
Manorama Industries Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Manorama Industries Ltd performance compare with that of its Peers?
Revenue growth of Manorama Industries Ltd vs industry peers?
Manorama Industries Ltd revenue CAGR is 46.29%, compared to the industry median CAGR of 7.32%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Manorama Industries Ltd?
Promoters hold 54.32% of the Manorama Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Manorama Industries Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 43.64% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Manorama Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 17.6% | 62.3% | 36.5% | 22.5% | 13.8% | 13% | 13.2% | 13.4% | 23.1% | 35.5% | - |
| Value Creation Index ⓘ | 0.3 | 3.6 | 1.6 | 0.6 | 0.0 | -0.1 | -0.1 | 0.0 | 0.7 | 1.6 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 145 | 219 | 102 | 188 | 203 | 279 | 351 | 457 | 771 | 1,358 | 1,472 |
| Sales YoY Gr. | - | 50.8% | -53.3% | 83.8% | 7.6% | 37.8% | 25.7% | 30.3% | 68.6% | 76.1% | - |
| Adj EPS ⓘ | 0.4 | 2.4 | 3.5 | 3.8 | 2.1 | 3.4 | 4.7 | 5.9 | 17.5 | 38.6 | 41.9 |
| YoY Gr. | - | 575% | 42% | 10.4% | -43.8% | 58.4% | 39.2% | 25.6% | 195.8% | 120.2% | - |
| BVPS (₹) ⓘ | 3.8 | 6.4 | 18.7 | 22.9 | 26 | 45 | 50 | 56.3 | 74.7 | 116.1 | 202 |
| Adj Net Profit ⓘ | 1.4 | 9.2 | 19.2 | 21.2 | 11.9 | 20.2 | 28.1 | 35.4 | 105 | 231 | 264 |
| Cash Flow from Ops. ⓘ | 10.7 | -11.3 | -11 | -60.1 | 33.5 | -33.4 | 59.3 | -154 | -58.7 | 259 | - |
| Debt/CF from Ops. ⓘ | 0 | -1.6 | -2.2 | -2 | 2.6 | -3.3 | 1.9 | -2.3 | -8.2 | 1.4 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 28.2% | 46.3% | 57% | 76.1% | ||||
| Adj EPS ⓘ | 68.1% | 78.4% | 101.5% | 120.2% | ||||
| BVPSⓘ | 46.2% | 34.9% | 32.4% | 55.4% | ||||
| Share Price | - | 45.4% | 70.4% | 45.3% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 10 | 47.4 | 29.9 | 18.4 | 8.8 | 9.8 | 9.9 | 11.1 | 26.2 | 39.9 | 26.3 |
| Op. Profit Mgn % ⓘ | 1.9 | 7.2 | 28.3 | 23.3 | 17.1 | 14 | 16.1 | 16.1 | 24.8 | 27.1 | 27 |
| Net Profit Mgn % ⓘ | 0.9 | 4.2 | 18.7 | 11.3 | 5.9 | 7.3 | 8 | 7.7 | 13.6 | 17 | 17.9 |
| Debt to Equity ⓘ | 0 | 0.7 | 0.2 | 0.9 | 0.6 | 0.4 | 0.4 | 1 | 1.1 | 0.5 | - |
| Working Cap Days ⓘ | 14 | 22 | 164 | 261 | 343 | 278 | 241 | 278 | 281 | 214 | 106 |
| Cash Conv. Cycle ⓘ | -1 | 12 | 121 | 179 | 230 | 219 | 195 | 228 | 238 | 175 | 50 |
Valuation of Manorama Industries - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 145 | 219 | 102 | 188 | 203 | 279 | 351 | 457 | 771 | 1,358 |
| Operating Expenses ⓘ + | 143 | 204 | 74 | 144 | 168 | 240 | 294 | 384 | 580 | 990 |
| Operating Profit ⓘ | 3 | 16 | 28 | 44 | 35 | 39 | 56 | 74 | 191 | 368 |
| Operating Profit Margin (%) | 1.9% | 7.2% | 27.6% | 23.3% | 17.1% | 14.0% | 16.1% | 16.1% | 24.8% | 27.1% |
| Other Income ⓘ + | 1 | 3 | 4 | 6 | 6 | 8 | 6 | 13 | 19 | 11 |
| Interest ⓘ | 1 | 2 | 5 | 10 | 10 | 6 | 9 | 20 | 39 | 38 |
| Depreciation ⓘ | 1 | 1 | 1 | 8 | 8 | 8 | 11 | 14 | 22 | 26 |
| Profit Before Tax ⓘ | 2 | 16 | 27 | 32 | 22 | 34 | 43 | 53 | 148 | 316 |
| Tax ⓘ | 1 | 6 | 7 | 9 | 8 | 9 | 13 | 13 | 36 | 83 |
| Profit After Tax | 1 | 10 | 19 | 23 | 15 | 24 | 30 | 40 | 112 | 233 |
| PAT Margin (%) | 1.0% | 4.5% | 18.6% | 12.4% | 7.2% | 8.7% | 8.5% | 8.8% | 14.5% | 17.2% |
| Adjusted EPS (₹) | 0.4 | 2.6 | 3.4 | 4.2 | 2.6 | 4.1 | 5.0 | 6.7 | 18.8 | 39.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 8% | 5.90% | 3.20% | 2.10% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 14 | 24 | 104 | 127 | 145 | 268 | 298 | 336 | 445 | 693 | |
| Debt + | 0 | 18 | 24 | 119 | 85 | 103 | 104 | 336 | 469 | 346 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 7 | 1 | 1 | 33 | 7 | 8 | 4 | 40 | 14 | 80 | |
| Others Liabilities ⓘ | 1 | 3 | 3 | 10 | 17 | 16 | 18 | 25 | 56 | 81 | |
| Total Liabilities ⓘ | 22 | 46 | 133 | 289 | 254 | 396 | 424 | 737 | 985 | 1,201 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 3 | 3 | 6 | 51 | 57 | 55 | 97 | 129 | 176 | 195 | |
| CWIP ⓘ | 0 | 1 | 16 | 0 | 0 | 42 | 50 | 42 | 5 | 18 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | |
| Inventories | 2 | 18 | 37 | 150 | 123 | 181 | 158 | 389 | 549 | 710 | |
| Trade Receivables | 1 | 2 | 14 | 16 | 22 | 25 | 28 | 42 | 102 | 56 | |
| Cash Equivalents | 16 | 19 | 42 | 36 | 17 | 53 | 60 | 88 | 96 | 91 | |
| Others Assets ⓘ | 1 | 3 | 17 | 35 | 34 | 40 | 32 | 47 | 57 | 119 | |
| Total Assets ⓘ | 22 | 46 | 133 | 289 | 254 | 396 | 424 | 737 | 985 | 1,201 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 11 | -11 | -11 | -60 | 33 | -33 | 59 | -153 | -59 | 259 |
| Cash Flow From Investing Activity ⓘ + | 0 | -1 | -50 | -10 | 11 | -35 | -99 | -62 | -34 | -87 |
| Cash Flow From Financing Activity ⓘ + | -5 | 16 | 63 | 85 | -45 | 117 | -7 | 214 | 93 | -165 |
| Net Cash Flow ⓘ | 6 | 3 | 2 | 15 | -0 | 49 | -47 | -1 | 0 | 7 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 10.05 | 51.36 | 29.73 | 20.19 | 10.72 | 11.69 | 10.52 | 12.66 | 28.69 | 40.96 |
| ROCE (%) | 17.57 | 62.3 | 36.46 | 22.47 | 13.78 | 12.95 | 13.18 | 13.39 | 23.06 | 35.49 |
| Asset Turnover Ratio | 6.92 | 6.42 | 1.14 | 0.89 | 0.75 | 0.86 | 0.86 | 0.79 | 0.9 | 1.24 |
| PAT to CFO Conversion(x) | 11 | -1.1 | -0.58 | -2.61 | 2.2 | -1.38 | 1.97 | -3.83 | -0.53 | 1.11 |
| Working Capital Days | ||||||||||
| Receivable Days | 1.80 | 2.30 | 28.20 | 29.50 | 34.80 | 31 | 27.40 | 27.70 | 34 | 21.20 |
| Inventory Days | 9.30 | 16.60 | 98.10 | 181.40 | 246.20 | 199 | 176.20 | 218.40 | 222.10 | 169.30 |
| Payable Days | 12.70 | 8.50 | 10.40 | 75.70 | 63.30 | 18.90 | 10.50 | 33.30 | 25.60 | 23.50 |
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Manorama Industries Ltd FAQs
The current trading price of Manorama Industries on 03-Sep-2026 12:31 is ₹1,930.
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 02-Sep-2026 the market cap of Manorama Industries stood at ₹11,449.1 Cr
The latest P/E ratio of Manorama Industries as of 02-Sep-2026 is 43.33.
The latest P/B ratio of Manorama Industries as of 02-Sep-2026 is 8.98.
The 52-week high of Manorama Industries is ₹2,041 and the 52-week low is ₹1,064.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Manorama Industries is ₹1,472 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Manorama Industries Ltd is a average quality company.
The key valuation ratios of Manorama Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Manorama Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About Manorama Industries Ltd
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