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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

₹1,463.30 -5.40 (-0.37%)

As on 04-Jun'26 16:59

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

₹1,463.30 -5.40 (-0.37%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹8,737 Cr.
Current Price
₹1,463.3
52-Week Low / High
₹1,065 / 1,774
TTM EPS
₹39.1
TTM Sales
₹1,358 Cr.
Book Value per Share
₹116.4
P/E Ratio
37.46
Lower than its 5-year historical median
Industry PE
55.5
Price to Book (P/B)
12.57
Higher than its 5-year historical median
Price to Sales (P/S)
6.44
Lower than its 5-year historical median
EV/EBITDA
23.74
Lower than its 5-year historical median
Dividend Yield
0.06%
Profitability Efficiency
Return on Equity (ROE)
28.69%
Outperforms industry median
Return on Capital Employed (ROCE)
23.06%
Outperforms industry median
Return on Assets (ROA)
13.02%
Operating Profit Margin
24.8%
Net Profit Margin
14.54%
Gross Profit Margin
22.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
68.64%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
159.51%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
179.36%
Asset Quality
Promoter Holding
54.32%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹683 Cr.
Equity
₹11.9 Cr.
Face Value
₹2
All Time Low / High
₹36.00 / 1774.00

Manorama Industries stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Somewhat Overvalued

Price Trend

Strong
Q.1 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?
Q.1 Revenue growth of Manorama Industries Ltd vs industry peers?
Manorama Industries Ltd revenue CAGR is 32.57%, compared to the industry median CAGR of 7.03%, indicating faster growth and gaining its market share.
Q.1 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.
Q.1 Stock return of Manorama Industries Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 44.51% 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 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.
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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 21.9%17.6%62.3%36.5%22.5%13.8%13%13.2%13.4%23.1%-
Value Creation
Index
0.60.33.61.60.60.0-0.1-0.10.00.7-

Growth Parameters

Sales 1311452191021882032793514577711,358
Sales YoY Gr.-11%50.8%-53.3%83.8%7.6%37.8%25.7%30.3%68.6%-
Adj EPS 0.30.42.43.53.82.13.44.75.917.539.1
YoY Gr.-24.1%575%42%10.4%-43.8%58.4%39.2%25.6%195.8%-
BVPS (₹) 3.43.86.418.722.926455056.374.7116.4
Adj Net
Profit
1.11.49.219.221.211.920.228.135.4105233
Cash Flow from Ops. 1.310.7-11.3-11-60.133.5-33.459.3-154-58.7-
Debt/CF from Ops. 3.80-1.6-2.2-22.6-3.31.9-2.3-8.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 21.8%32.6%40.3%68.6%
Adj EPS 57.8%35.7%73%195.8%
BVPS40.8%26.7%18.4%32.6%
Share Price - 44.4% 70.9% 4.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
9.71047.429.918.48.89.89.911.126.240.9
Op. Profit
Mgn %
2.81.97.228.323.317.11416.116.124.827.1
Net Profit
Mgn %
0.80.94.218.711.35.97.387.713.617.2
Debt to
Equity
0.400.70.20.90.60.40.411.10
Working Cap
Days
191422164261343278241278281106
Cash Conv.
Cycle
10-11212117923021919522823850

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales131145219102188203279351457771
Operating Expenses + 12714320474144168240294384580
Manufacturing Costs671215312547366471
Material Costs1081251774483116150211242388
Employee Cost 23347810132048
Other Costs 1181212231933345773
Operating Profit 4316284435395674191
Operating Profit Margin (%) 2.8%1.9%7.2%27.6%23.3%17.1%14.0%16.1%16.1%24.8%
Other Income + 113466861319
Exceptional Items 0000000000
Interest 21251010692039
Depreciation 1111888111422
Profit Before Tax 2216273222344353148
Tax 1167989131336
Profit After Tax 1110192315243040112
PAT Margin (%) 0.8%1.0%4.5%18.6%12.4%7.2%8.7%8.5%8.8%14.5%
Adjusted EPS (₹)0.30.42.63.44.22.64.15.06.718.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%8%5.90%3.20%

Valuation of Manorama Industries - Standalone

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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Analyst's Notes

data not found
No data found!

Balance Sheet

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

Equity and Liabilities

Shareholders Fund + 131424104127145268298336445
Share Capital 22811111112121212
Reserves 11121793116134256286324433
Debt +50182411985103104336469
Long Term Debt000111530245143
Short Term Debt501824119707380285427
Minority Interest0000000000
Trade Payables2711337844014
Others Liabilities 1133101716182556
Total Liabilities 202246133289254396424737985

Fixed Assets

Net Fixed Assets +333651575597129176
Gross Block67711646571123169238
Accumulated Depreciation444513816264062
CWIP 00116004250425
Investments 0000000000
Inventories621837150123181158389549
Trade Receivables012141622252842102
Cash Equivalents 10161942361753608896
Others Assets 11317353440324757
Total Assets 202246133289254396424737985

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 111-11-11-6033-3359-153-59
PBT 2216273222344353148
Adjustment 2112151612162970
Changes in Working Capital -19-25-34-1023-6812-220-247
Tax Paid -1-1-3-6-5-9-11-12-15-29
Cash Flow From Investing Activity + -00-1-50-1011-35-99-62-34
Capex -1-1-2-21-31-4-60-51-39-32
Net Investments 0000181323-52-29-10
Others 111-29322467
Cash Flow From Financing Activity + 2-5166385-45117-721493
Net Proceeds from Shares 200570099000
Net Proceeds from Borrowing -0-0-01-01519-531-8
Interest Paid -1-1-2-5-10-11-6-9-20-39
Dividend Paid 00000000-2-2
Others 1-518995-4947205142
Net Cash Flow 363215-049-47-10

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)9.5610.0551.3629.7320.1910.7211.6910.5212.6628.69
ROCE (%)21.8917.5762.336.4622.4713.7812.9513.1813.3923.06
Asset Turnover Ratio7.236.926.421.140.890.750.860.860.790.9
PAT to CFO Conversion(x)111-1.1-0.58-2.612.2-1.381.97-3.83-0.53
Working Capital Days
Receivable Days1.901.802.3028.2029.5034.803127.4027.7034
Inventory Days11.709.3016.6098.10181.40246.20199176.20218.40222.10
Payable Days4.8012.708.5010.4075.7063.3018.9010.5033.3025.60

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Manorama Industries Ltd FAQs

The current trading price of Manorama Industries on 04-Jun-2026 16:59 is ₹1,463.3.

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-Jun-2026 the market cap of Manorama Industries stood at ₹8,737.2 Cr

The latest P/E ratio of Manorama Industries as of 03-Jun-2026 is 37.46.

The latest P/B ratio of Manorama Industries as of 03-Jun-2026 is 12.57.

The 52-week high of Manorama Industries is ₹1,774 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 ₹1,358 ( 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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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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