Manorama Industries Ltd.

•

manoramagroup.co.inBSE: 541974NSE: MANORAMA

Market Cap₹ 13,148 Cr.

Current Price

High / Low₹ 2,150 / 1,061

Stock P/E53.3

Book Value₹ 200

Price to Book9.93

Dividend Yield0.04 %

ROCE35.0 %

ROE40.0 %

Face Value₹ 2

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ABOUT

AI Sector View

AI GENERATED

Fast Moving Consumer Goods

Hold

Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.

Confidence

62%

View full sector analysis →

PROS

Latest quarter profit grew 67.6% YoY, showing strong momentum
Company comfortably covers its interest (9.1x coverage)
Working capital cycle has improved - days down from 150 to 123

CONS

Promoter holding has decreased over last 2 years: -2.9pp
Stock is trading at 9.9x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Fast Moving Consumer GoodsFMCGConsumer Food

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	NESTLEIND	1396.00	70.63	269192.68	0.86	9586.80	1382.67	63781.80	1157.04	98.35	23.86
2.	VBL	411.30	41.09	139120.78	0.36	1525.36	15.08	8650.57	20.77	20.73	27.04
3.	BRITANNIA	5011.00	46.35	120699.10	1.81	593.38	14.08	4999.97	10.26	56.48	16.77
4.	JUBLFOOD	472.95	71.91	31207.38	0.25	100.03	6.03	2569.65	13.66	25.56	19.77
5.	HATSUN	1192.20	76.24	26556.05	0.50	60.58	—	2363.72	17.61	17.40	10.81
6.	MILKYMIST	279.35	169.32	21505.58	0.00	646.79	—	9734.46	—	13.79	14.77
7.	ZYDUSWELL	565.60	95.62	17995.17	0.21	118.90	-7.04	1437.00	67.54	4.42	16.82
8.	DEVYANI	135.85	0.00	16749.49	0.00	171.04	7576.84	15805.16	1064.74	8.98	16.09
9.	LTFOODS	442.00	23.97	15348.58	0.68	183.45	8.87	3151.83	27.92	19.77	11.26
10.	BIKAJI	567.20	55.01	14221.77	0.22	59.47	1.62	734.26	15.26	21.65	13.48
11.	MANORAMA	2082.90	53.30	13147.76	0.04	78.66	67.55	404.01	39.53	35.00	26.29
12.	KWIL	41.56	0.00	9764.90	0.00	50.70	354.77	878.30	99.34	—	11.77

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	195	209	233	290	323	363	391	404
	151	155	172	215	235	258	307	314
Operating Profit	44	54	61	75	88	104	85	90
OPM %	22.64%	25.88%	26.31%	25.80%	27.19%	28.73%	21.62%	22.31%
	3	4	10	6	0	12	-7	16
Interest	8	11	12	9	9	13	6	10
Depreciation	6	6	6	6	6	6	7	6
Profit before Tax	34	41	52	65	73	96	64	106
Tax %	25.02%	25.90%	23.60%	28.32%	27.27%	24.63%	33.21%	26.03%
Net Profit	26	30	40	47	53	72	42	79
	4.32	5.11	6.72	7.87	8.91	12.10	7.12	13.17

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2025	Mar 2026	TTM
	771	1,367	1,481
	585	1,005	1,114
Operating Profit	186	361	367
OPM %	24.15%	26.44%	24.76%
	21	10	21
Interest	39	38	39
Depreciation	22	26	26
Profit before Tax	146	308	339
Tax %	24.84%	27.01%	27.25%
Net Profit	110	225	247
EPS	18.42	37.67	—
Dividend Payout %	3.26%	2.12%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 79%
1 Year:: 54%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: —
Last Year:: 40%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2025	Mar 2026
Equity Capital	12	12
	431	669
	471	347
Trade Payables	14	91
	55	81
Total Liabilities	983	1,200
	176	196
Capital Work in Progress	2	18
	550	728
	102	62
Cash & Bank	98	94
	54	101
Total Assets	983	1,200

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2025	Mar 2026
	-57	250
Cash from Investing	-34	-78
Cash from Financing	93	-165
	2	7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	57.26	57.26	54.42	54.42	54.41	54.32	54.32	54.32	54.32
	2.16	2.37	2.53	2.81	3.40	2.52	2.71	2.89	3.22
	1.74	1.79	4.67	5.11	4.58	4.41	3.57	2.96	2.59
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	38.84	38.56	38.38	37.67	37.60	38.75	39.40	39.83	39.87

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-04

Change in Director(s)

2026-09-04 - Manorama Industries Limited has informed the Exchange regarding Change in Director(s) of the company.

2026-09-04

Outcome of Board Meeting

2026-09-04 - Manorama Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on September 04, 2026.

2026-08-28

Copy of Newspaper Publication

2026-08-28 - Manorama Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-27

Shareholders meeting

2026-08-27 - Manorama Industries Limited has informed the Exchange regarding Dispatch of letter to shareholders whose e-mail addresses are not registered with Company/RTA/Depository Participants.

2026-08-27

Shareholders meeting

2026-08-27 - Manorama Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Monday, September 21, 2026 at 3:00 P.M. (IST) .

2026-08-22

Copy of Newspaper Publication

2026-08-22 - Manorama Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-18

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-18 - Manorama Industries Limited has informed the Exchange about Transcript

2026-08-14

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-14 - Manorama Industries Limited has informed the Exchange about Link of Recording

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Manorama Industries Limited has informed the Exchange about Copy of Newspaper Publication for Unaudited Financial Results (Both Standalone and Consolidated) for the quarter ended June 30, 2026.

News

Recent coverage and analyst commentary for MANORAMA

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Manorama Industries Ltd.

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Name

NESTLEIND

1396.00

70.63

269192.68

0.86

9586.80

1382.67

63781.80

1157.04

98.35

23.86

VBL

411.30

41.09

139120.78

0.36

1525.36

15.08

8650.57

20.77

20.73

27.04

BRITANNIA

5011.00

46.35

120699.10

1.81

593.38

14.08

4999.97

10.26

56.48

16.77

JUBLFOOD

472.95

71.91

31207.38

0.25

100.03

6.03

2569.65

13.66

25.56

19.77

HATSUN

1192.20

76.24

26556.05

0.50

60.58

—

2363.72

17.61

17.40

10.81

MILKYMIST

279.35

169.32

21505.58

0.00

646.79

—

9734.46

—

13.79

14.77

ZYDUSWELL

565.60

95.62

17995.17

0.21

118.90

-7.04

1437.00

67.54

4.42

16.82

DEVYANI

135.85

0.00

16749.49

0.00

171.04

7576.84

15805.16

1064.74

8.98

16.09

LTFOODS

442.00

23.97

15348.58

0.68

183.45

8.87

3151.83

27.92

19.77

11.26

BIKAJI

567.20

55.01

14221.77

0.22

59.47

1.62

734.26

15.26

21.65

13.48

MANORAMA

2082.90

53.30

13147.76

0.04

78.66

67.55

404.01

39.53

35.00

26.29

KWIL

41.56

0.00

9764.90

0.00

50.70

354.77

878.30

99.34

—

11.77

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

195

209

233

290

323

363

391

404

151

155

172

215

235

258

307

314

Operating Profit

104

OPM %

22.64%

25.88%

26.31%

25.80%

27.19%

28.73%

21.62%

22.31%

-7

Interest

Depreciation

Profit before Tax

106

Tax %

25.02%

25.90%

23.60%

28.32%

27.27%

24.63%

33.21%

26.03%

Net Profit

4.32

5.11

6.72

7.87

8.91

12.10

7.12

13.17

Mar 2025

Mar 2026

TTM

771

1,367

1,481

585

1,005

1,114

Operating Profit

186

361

367

OPM %

24.15%

26.44%

24.76%

Interest

Depreciation

Profit before Tax

146

308

339

Tax %

24.84%

27.01%

27.25%

Net Profit

110

225

247

EPS

18.42

37.67

—

Dividend Payout %

3.26%

2.12%

—

Mar 2025

Mar 2026

Equity Capital

431

669

471

347

Trade Payables

Total Liabilities

983

1,200

176

196

Capital Work in Progress

550

728

102

Cash & Bank

101

Total Assets

983

1,200

Mar 2025

Mar 2026

-57

250

Cash from Investing

-34

-78

Cash from Financing

-165

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

57.26

54.42

54.41

54.32

2.16

2.37

2.53

2.81

3.40

2.52

2.71

2.89

3.22

1.74

1.79

4.67

5.11

4.58

4.41

3.57

2.96

2.59

Government

0.00

38.84

38.56

38.38

37.67

37.60

38.75

39.40

39.83

39.87

Manorama Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Manorama Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI