Manorama Industries Ltd.
•₹ 1,927.3-1.6%
2026-08-21
PROS
- Company has delivered good profit growth of 36.9% CAGR over last 5 years
- Latest quarter profit grew 61.3% YoY, showing strong momentum
- Company has delivered good sales growth of 32.6% CAGR over last 5 years
- Operating margins have improved to 24.8% from 16.9%
- Attractively priced for its growth - PEG of 0.8
CONS
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.84x)
- Promoter holding has decreased over last 2 years: -2.9pp
- Free cash flow has been persistently negative
- Stock is trading at 14.2x its book value
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | NESTLEIND | 1456.65 | 73.70 | 280887.91 | 0.82 | 9586.80 | 1382.67 | 63781.80 | 1157.04 | 98.35 | 23.86 |
| 2. | VBL | 438.00 | 43.75 | 148151.96 | 0.34 | 1525.36 | 15.08 | 8650.57 | 20.77 | 20.73 | 27.04 |
| 3. | BRITANNIA | 5549.00 | 51.33 | 133657.82 | 1.63 | 593.38 | 14.08 | 4999.97 | 10.26 | 56.48 | 16.77 |
| 4. | JUBLFOOD | 507.90 | 77.23 | 33513.54 | 0.24 | 100.03 | 6.03 | 2569.65 | 13.66 | 25.56 | 19.77 |
| 5. | HATSUN | 964.45 | 61.68 | 21482.96 | 1.66 | 60.58 | — | 2363.72 | 17.61 | 14.60 | 10.81 |
| 6. | DEVYANI | 147.70 | 0.00 | 18210.52 | 0.00 | 171.04 | 7576.84 | 15805.16 | 1064.74 | 8.98 | 16.09 |
| 7. | ZYDUSWELL | 501.60 | 84.80 | 15958.94 | 0.24 | 118.90 | -7.04 | 1437.00 | 67.54 | 4.42 | 16.82 |
| 8. | BIKAJI | 606.50 | 58.83 | 15207.16 | 0.21 | 59.47 | 1.62 | 734.26 | 15.26 | 21.65 | 13.48 |
| 9. | LTFOODS | 430.80 | 23.36 | 14959.66 | 0.70 | 183.45 | 8.87 | 3151.83 | 27.92 | 21.42 | 11.26 |
| 10. | MILKYMIST | 184.25 | 111.68 | 14184.36 | 0.00 | — | — | — | — | 13.79 | — |
| 11. | MANORAMA | 1957.75 | 50.10 | 12357.79 | 0.04 | 78.66 | 67.55 | 404.01 | 39.53 | 19.70 | 26.29 |
| 12. | KWIL | 43.47 | 0.00 | 10213.67 | 0.00 | 50.70 | 354.77 | 878.30 | 99.34 | — | 11.77 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 112 | 118 | 98 | 129 | 133 | 195 | 209 | 233 | 290 | 323 | 363 | 382 | 404 | |
| 93 | 99 | 83 | 109 | 107 | 150 | 154 | 169 | 211 | 236 | 264 | 279 | 311 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 3 | 2 | 4 | 4 | 4 | 3 | 2 | 9 | 5 | 1 | 11 | -5 | 16 |
| Interest | 2 | 5 | 6 | 7 | 8 | 8 | 11 | 12 | 9 | 8 | 11 | 9 | 10 |
| Depreciation | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 6 | 6 | 6 | 6 | 7 | 6 |
| 16 | 12 | 11 | 14 | 18 | 35 | 40 | 55 | 69 | 74 | 92 | 81 | 109 | |
| Tax % | 29.87% | 29.57% | 29.75% | 10.07% | 25.73% | 24.33% | 26.51% | 22.61% | 26.85% | 26.31% | 25.43% | 26.36% | 25.30% |
| Net Profit | 12 | 9 | 7 | 13 | 14 | 27 | 30 | 42 | 51 | 55 | 68 | 60 | 82 |
| 2 | 1 | 1 | 2 | 2 | 4 | 5 | 7 | 8 | 9 | 11 | 10 | 1 | |
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 112
- 93
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 2
- Depreciation
- 3
- 16
- Tax %
- 29.87%
- Net Profit
- 12
- 2
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 118
- 99
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 5
- Depreciation
- 3
- 12
- Tax %
- 29.57%
- Net Profit
- 9
- 1
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 98
- 83
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 6
- Depreciation
- 4
- 11
- Tax %
- 29.75%
- Net Profit
- 7
- 1
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 129
- 109
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 7
- Depreciation
- 4
- 14
- Tax %
- 10.07%
- Net Profit
- 13
- 2
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 133
- 107
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 8
- Depreciation
- 4
- 18
- Tax %
- 25.73%
- Net Profit
- 14
- 2
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 195
- 150
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 8
- Depreciation
- 6
- 35
- Tax %
- 24.33%
- Net Profit
- 27
- 4
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 209
- 154
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 11
- Depreciation
- 6
- 40
- Tax %
- 26.51%
- Net Profit
- 30
- 5
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 233
- 169
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 12
- Depreciation
- 6
- 55
- Tax %
- 22.61%
- Net Profit
- 42
- 7
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 290
- 211
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 9
- Depreciation
- 6
- 69
- Tax %
- 26.85%
- Net Profit
- 51
- 8
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 323
- 236
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 8
- Depreciation
- 6
- 74
- Tax %
- 26.31%
- Net Profit
- 55
- 9
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 363
- 264
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 11
- Depreciation
- 6
- 92
- Tax %
- 25.43%
- Net Profit
- 68
- 11
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 382
- 279
- Operating Profit
- —
- OPM %
- —
- Other Income
- -5
- Interest
- 9
- Depreciation
- 7
- 81
- Tax %
- 26.36%
- Net Profit
- 60
- 10
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 404
- 311
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 10
- Depreciation
- 6
- 109
- Tax %
- 25.30%
- Net Profit
- 82
- 1
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 131 | 145 | 219 | 102 | 188 | 203 | 279 | 351 | 457 | 771 | 1,472 | |
| 127 | 143 | 204 | 74 | 144 | 168 | 240 | 294 | 384 | 580 | 1,090 | |
| Operating Profit | 4 | 4 | 18 | 32 | 50 | 41 | 47 | 63 | 87 | 210 | — |
| OPM % | 3 | 3 | 8 | 31 | 26 | 20 | 17 | 18 | 19 | 27 | — |
| Other Income | 1 | 1 | 3 | 4 | 6 | 6 | 8 | 6 | 13 | 19 | 22 |
| Interest | 2 | 1 | 2 | 5 | 10 | 10 | 6 | 9 | 20 | 39 | 38 |
| Depreciation | 1 | 1 | 1 | 1 | 8 | 8 | 8 | 11 | 14 | 22 | 26 |
| 2 | 2 | 16 | 27 | 32 | 22 | 34 | 43 | 53 | 148 | 356 | |
| Tax % | 35 | 33 | 38 | 28 | 28 | 35 | 28 | 31 | 25 | 24 | 26 |
| Net Profit | 1 | 1 | 10 | 19 | 23 | 15 | 24 | 30 | 40 | 112 | 264 |
| EPS | 5 | 6 | 0 | 20 | 21 | 13 | 21 | 5 | 7 | 19 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 6 | 3 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 3 | 3 | 4 | 3 | 4 | 5 | 7 | 19 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 3 | 3 | 4 | 3 | 4 | 5 | 7 | 19 | — |
Mar 2016
- 131
- 127
- Operating Profit
- 4
- OPM %
- 3
- Other Income
- 1
- Interest
- 2
- Depreciation
- 1
- 2
- Tax %
- 35
- Net Profit
- 1
- EPS
- 5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2017
- 145
- 143
- Operating Profit
- 4
- OPM %
- 3
- Other Income
- 1
- Interest
- 1
- Depreciation
- 1
- 2
- Tax %
- 33
- Net Profit
- 1
- EPS
- 6
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2018
- 219
- 204
- Operating Profit
- 18
- OPM %
- 8
- Other Income
- 3
- Interest
- 2
- Depreciation
- 1
- 16
- Tax %
- 38
- Net Profit
- 10
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2019
- 102
- 74
- Operating Profit
- 32
- OPM %
- 31
- Other Income
- 4
- Interest
- 5
- Depreciation
- 1
- 27
- Tax %
- 28
- Net Profit
- 19
- EPS
- 20
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2020
- 188
- 144
- Operating Profit
- 50
- OPM %
- 26
- Other Income
- 6
- Interest
- 10
- Depreciation
- 8
- 32
- Tax %
- 28
- Net Profit
- 23
- EPS
- 21
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2021
- 203
- 168
- Operating Profit
- 41
- OPM %
- 20
- Other Income
- 6
- Interest
- 10
- Depreciation
- 8
- 22
- Tax %
- 35
- Net Profit
- 15
- EPS
- 13
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2022
- 279
- 240
- Operating Profit
- 47
- OPM %
- 17
- Other Income
- 8
- Interest
- 6
- Depreciation
- 8
- 34
- Tax %
- 28
- Net Profit
- 24
- EPS
- 21
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2023
- 351
- 294
- Operating Profit
- 63
- OPM %
- 18
- Other Income
- 6
- Interest
- 9
- Depreciation
- 11
- 43
- Tax %
- 31
- Net Profit
- 30
- EPS
- 5
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2024
- 457
- 384
- Operating Profit
- 87
- OPM %
- 19
- Other Income
- 13
- Interest
- 20
- Depreciation
- 14
- 53
- Tax %
- 25
- Net Profit
- 40
- EPS
- 7
- Dividend Payout %
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2025
- 771
- 580
- Operating Profit
- 210
- OPM %
- 27
- Other Income
- 19
- Interest
- 39
- Depreciation
- 22
- 148
- Tax %
- 24
- Net Profit
- 112
- EPS
- 19
- Dividend Payout %
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
TTM
- 1,472
- 1,090
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 38
- Depreciation
- 26
- 356
- Tax %
- 26
- Net Profit
- 264
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 19%
- 5 Years:
- 33%
- 3 Years:
- 40%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 61%
- 5 Years:
- 37%
- 3 Years:
- 67%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 72%
- 1 Year:
- 38%
RETURN ON EQUITY
- 10 Years:
- 20%
- 5 Years:
- 15%
- 3 Years:
- 17%
- Last Year:
- 29%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 2 | 2 | 8 | 11 | 11 | 11 | 12 | 12 | 12 | 12 |
| 11 | 12 | 17 | 93 | 116 | 134 | 256 | 286 | 324 | 433 | |
| 5 | 0 | 18 | 24 | 119 | 70 | 79 | 86 | 285 | 427 | |
| Trade Payables | 2 | 7 | 1 | 1 | 33 | 7 | 8 | 4 | 40 | 14 |
| 1 | 0 | 3 | 4 | 10 | 31 | 41 | 36 | 75 | 99 | |
| Total Liabilities | 20 | 22 | 46 | 133 | 289 | 254 | 396 | 424 | 737 | 985 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 3 | 3 | 3 | 6 | 51 | 57 | 55 | 97 | 129 | 176 | |
| Capital Work in Progress | 0 | 0 | 1 | 16 | 0 | 0 | 42 | 49 | 41 | 2 |
| 6 | 2 | 18 | 37 | 150 | 123 | 181 | 158 | 389 | 549 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42 | 102 | |
| Cash & Bank | 10 | 16 | 19 | 42 | 36 | 17 | 53 | 60 | 88 | 96 |
| 1 | 2 | 5 | 32 | 51 | 57 | 65 | 61 | 48 | 59 | |
| Total Assets | 20 | 22 | 46 | 133 | 289 | 254 | 396 | 424 | 737 | 985 |
| Total Debt | 5 | 0 | 18 | 24 | 119 | 85 | 108 | 110 | 346 | 481 |
| Net Working Capital | 10 | 11 | 20 | 69 | 65 | 89 | 185 | 174 | 213 | 318 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Book Value per Share | 60.23 | 66.61 | 32.20 | 93.39 | 114.36 | 130.06 | 225.05 | 250.07 | 56.34 | 74.72 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 |
| Total Debt | 5 | 0 | 18 | 24 | 119 | 85 | 108 | 110 | 346 | 481 |
| Net Working Capital | 10 | 11 | 20 | 69 | 65 | 89 | 185 | 174 | 213 | 318 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Book Value per Share | 60.23 | 66.61 | 32.20 | 93.39 | 114.36 | 130.06 | 225.05 | 250.07 | 56.34 | 74.72 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 |
Mar 2016
- Equity Capital
- 2
- 11
- 5
- Trade Payables
- 2
- 1
- Total Liabilities
- 20
- 3
- Capital Work in Progress
- 0
- 6
- 0
- Cash & Bank
- 10
- 1
- Total Assets
- 20
- Total Debt
- 5
- Net Working Capital
- 10
- Contingent Liabilities
- 0
- Book Value per Share
- 60.23
- Face Value
- 10.00
- Total Debt
- 5
- Net Working Capital
- 10
- Contingent Liabilities
- 0
- Book Value per Share
- 60.23
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 2
- 12
- 0
- Trade Payables
- 7
- 0
- Total Liabilities
- 22
- 3
- Capital Work in Progress
- 0
- 2
- 0
- Cash & Bank
- 16
- 2
- Total Assets
- 22
- Total Debt
- 0
- Net Working Capital
- 11
- Contingent Liabilities
- 0
- Book Value per Share
- 66.61
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 11
- Contingent Liabilities
- 0
- Book Value per Share
- 66.61
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 8
- 17
- 18
- Trade Payables
- 1
- 3
- Total Liabilities
- 46
- 3
- Capital Work in Progress
- 1
- 18
- 0
- Cash & Bank
- 19
- 5
- Total Assets
- 46
- Total Debt
- 18
- Net Working Capital
- 20
- Contingent Liabilities
- 0
- Book Value per Share
- 32.20
- Face Value
- 10.00
- Total Debt
- 18
- Net Working Capital
- 20
- Contingent Liabilities
- 0
- Book Value per Share
- 32.20
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 11
- 93
- 24
- Trade Payables
- 1
- 4
- Total Liabilities
- 133
- 6
- Capital Work in Progress
- 16
- 37
- 0
- Cash & Bank
- 42
- 32
- Total Assets
- 133
- Total Debt
- 24
- Net Working Capital
- 69
- Contingent Liabilities
- 0
- Book Value per Share
- 93.39
- Face Value
- 10.00
- Total Debt
- 24
- Net Working Capital
- 69
- Contingent Liabilities
- 0
- Book Value per Share
- 93.39
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 11
- 116
- 119
- Trade Payables
- 33
- 10
- Total Liabilities
- 289
- 51
- Capital Work in Progress
- 0
- 150
- 0
- Cash & Bank
- 36
- 51
- Total Assets
- 289
- Total Debt
- 119
- Net Working Capital
- 65
- Contingent Liabilities
- 0
- Book Value per Share
- 114.36
- Face Value
- 10.00
- Total Debt
- 119
- Net Working Capital
- 65
- Contingent Liabilities
- 0
- Book Value per Share
- 114.36
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 11
- 134
- 70
- Trade Payables
- 7
- 31
- Total Liabilities
- 254
- 57
- Capital Work in Progress
- 0
- 123
- 0
- Cash & Bank
- 17
- 57
- Total Assets
- 254
- Total Debt
- 85
- Net Working Capital
- 89
- Contingent Liabilities
- 0
- Book Value per Share
- 130.06
- Face Value
- 10.00
- Total Debt
- 85
- Net Working Capital
- 89
- Contingent Liabilities
- 0
- Book Value per Share
- 130.06
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 12
- 256
- 79
- Trade Payables
- 8
- 41
- Total Liabilities
- 396
- 55
- Capital Work in Progress
- 42
- 181
- 0
- Cash & Bank
- 53
- 65
- Total Assets
- 396
- Total Debt
- 108
- Net Working Capital
- 185
- Contingent Liabilities
- 0
- Book Value per Share
- 225.05
- Face Value
- 10.00
- Total Debt
- 108
- Net Working Capital
- 185
- Contingent Liabilities
- 0
- Book Value per Share
- 225.05
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 12
- 286
- 86
- Trade Payables
- 4
- 36
- Total Liabilities
- 424
- 97
- Capital Work in Progress
- 49
- 158
- 0
- Cash & Bank
- 60
- 61
- Total Assets
- 424
- Total Debt
- 110
- Net Working Capital
- 174
- Contingent Liabilities
- 0
- Book Value per Share
- 250.07
- Face Value
- 10.00
- Total Debt
- 110
- Net Working Capital
- 174
- Contingent Liabilities
- 0
- Book Value per Share
- 250.07
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 12
- 324
- 285
- Trade Payables
- 40
- 75
- Total Liabilities
- 737
- 129
- Capital Work in Progress
- 41
- 389
- 42
- Cash & Bank
- 88
- 48
- Total Assets
- 737
- Total Debt
- 346
- Net Working Capital
- 213
- Contingent Liabilities
- 0
- Book Value per Share
- 56.34
- Face Value
- 2.00
- Total Debt
- 346
- Net Working Capital
- 213
- Contingent Liabilities
- 0
- Book Value per Share
- 56.34
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 12
- 433
- 427
- Trade Payables
- 14
- 99
- Total Liabilities
- 985
- 176
- Capital Work in Progress
- 2
- 549
- 102
- Cash & Bank
- 96
- 59
- Total Assets
- 985
- Total Debt
- 481
- Net Working Capital
- 318
- Contingent Liabilities
- 1
- Book Value per Share
- 74.72
- Face Value
- 2.00
- Total Debt
- 481
- Net Working Capital
- 318
- Contingent Liabilities
- 1
- Book Value per Share
- 74.72
- Face Value
- 2.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 11 | -11 | -11 | -60 | 33 | -33 | 59 | -153 | -59 | |
| Cash from Investing | -0 | 0 | -1 | -50 | -10 | 11 | -35 | -99 | -62 | -34 |
| Cash from Financing | 2 | -5 | 16 | 63 | 85 | -45 | 117 | -7 | 214 | 93 |
| 3 | 6 | 3 | 2 | 15 | -0 | 49 | -47 | -1 | 0 | |
| Free Cash Flow | 0 | 10 | -13 | -30 | -97 | 33 | -81 | -1 | -192 | -88 |
| OCF / Net Profit | 1.21 | 7.75 | -1.14 | -0.57 | -2.57 | 2.30 | -1.38 | 1.99 | -3.83 | -0.52 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -129 | -96 | -188 | -176 | -338 | -329 |
| OCF / Net Profit | 1.21 | 7.75 | -1.14 | -0.57 | -2.57 | 2.30 | -1.38 | 1.99 | -3.83 | -0.52 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -129 | -96 | -188 | -176 | -338 | -329 |
Mar 2016
- 1
- Cash from Investing
- -0
- Cash from Financing
- 2
- 3
- Free Cash Flow
- 0
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 0
Mar 2017
- 11
- Cash from Investing
- 0
- Cash from Financing
- -5
- 6
- Free Cash Flow
- 10
- OCF / Net Profit
- 7.75
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 7.75
- Cumulative 5-Year FCF
- 0
Mar 2018
- -11
- Cash from Investing
- -1
- Cash from Financing
- 16
- 3
- Free Cash Flow
- -13
- OCF / Net Profit
- -1.14
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.14
- Cumulative 5-Year FCF
- 0
Mar 2019
- -11
- Cash from Investing
- -50
- Cash from Financing
- 63
- 2
- Free Cash Flow
- -30
- OCF / Net Profit
- -0.57
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.57
- Cumulative 5-Year FCF
- 0
Mar 2020
- -60
- Cash from Investing
- -10
- Cash from Financing
- 85
- 15
- Free Cash Flow
- -97
- OCF / Net Profit
- -2.57
- Cumulative 5-Year FCF
- -129
- OCF / Net Profit
- -2.57
- Cumulative 5-Year FCF
- -129
Mar 2021
- 33
- Cash from Investing
- 11
- Cash from Financing
- -45
- -0
- Free Cash Flow
- 33
- OCF / Net Profit
- 2.30
- Cumulative 5-Year FCF
- -96
- OCF / Net Profit
- 2.30
- Cumulative 5-Year FCF
- -96
Mar 2022
- -33
- Cash from Investing
- -35
- Cash from Financing
- 117
- 49
- Free Cash Flow
- -81
- OCF / Net Profit
- -1.38
- Cumulative 5-Year FCF
- -188
- OCF / Net Profit
- -1.38
- Cumulative 5-Year FCF
- -188
Mar 2023
- 59
- Cash from Investing
- -99
- Cash from Financing
- -7
- -47
- Free Cash Flow
- -1
- OCF / Net Profit
- 1.99
- Cumulative 5-Year FCF
- -176
- OCF / Net Profit
- 1.99
- Cumulative 5-Year FCF
- -176
Mar 2024
- -153
- Cash from Investing
- -62
- Cash from Financing
- 214
- -1
- Free Cash Flow
- -192
- OCF / Net Profit
- -3.83
- Cumulative 5-Year FCF
- -338
- OCF / Net Profit
- -3.83
- Cumulative 5-Year FCF
- -338
Mar 2025
- -59
- Cash from Investing
- -34
- Cash from Financing
- 93
- 0
- Free Cash Flow
- -88
- OCF / Net Profit
- -0.52
- Cumulative 5-Year FCF
- -329
- OCF / Net Profit
- -0.52
- Cumulative 5-Year FCF
- -329
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 5.02 | 6.37 | 13.16 | 17.13 | 20.97 | 13.11 | 20.26 | 24.98 | 6.73 | 18.80 |
| Book Value (₹) | 60.23 | 66.61 | 32.20 | 93.39 | 114.36 | 130.06 | 225.05 | 250.07 | 56.34 | 74.72 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 0.40 | 0.60 |
| Cash EPS (₹) | 0.51 | 0.58 | 2.82 | 3.57 | 5.57 | 4.05 | 5.38 | 6.82 | 9.01 | 22.51 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 3.29% | 2.52% | 8.38% | 31.18% | 26.45% | 20.14% | 16.90% | 17.84% | 16.08% | 24.75% |
| Net Margin % | 0.83% | 0.95% | 4.53% | 18.61% | 12.40% | 7.20% | 8.65% | 8.49% | 8.78% | 14.54% |
| ROE % | 9.56% | 10.05% | 51.36% | 29.73% | 20.19% | 10.72% | 11.69% | 10.52% | 12.66% | 28.69% |
| ROCE % | 21.89% | 17.57% | 62.30% | 36.46% | 22.47% | 13.78% | 12.95% | 13.18% | 13.39% | 23.06% |
| 5.97% | 6.54% | 29.07% | 21.29% | 11.07% | 5.37% | 7.43% | 7.26% | 6.91% | 13.02% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 2 | 2 | 2 | 28 | 29 | 35 | 31 | 27 | 28 | 34 |
| Inventory Days | 12 | 9 | 17 | 98 | 181 | 246 | 199 | 176 | 218 | 222 |
| Payable Days | 5 | 13 | 8 | 10 | 76 | 63 | 19 | 11 | 33 | 26 |
| 9 | -2 | 10 | 116 | 135 | 218 | 211 | 193 | 213 | 231 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.38x | 0.01x | 0.74x | 0.24x | 0.94x | 0.59x | 0.40x | 0.37x | 1.03x | 1.08x |
| Interest Coverage (x) | 1.94x | 3.56x | 10.11x | 6.84x | 4.31x | 3.13x | 6.80x | 5.97x | 3.67x | 4.79x |
| 2.41x | 2.41x | 1.94x | 3.39x | 1.41x | 1.97x | 2.95x | 2.82x | 1.62x | 1.67x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -1.13% | 11.02% | 50.78% | -53.32% | 83.83% | 7.64% | 37.75% | 25.68% | 30.30% | 68.64% |
| Operating Profit Growth % | -0.29% | -14.97% | 401.36% | 73.69% | 55.99% | -18.05% | 15.61% | 32.63% | 38.52% | 141.85% |
| Net Profit Growth % | 14.92% | 27.08% | 622.26% | 91.91% | 22.43% | -37.51% | 65.57% | 23.32% | 34.70% | 179.37% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -73.06% | 179.36% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 59.31x | 56.50x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 7.08x | 14.22x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.10% | 0.06% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 30.43x | 32.04x |
Mar 2016
- EPS (₹)
- 5.02
- Book Value (₹)
- 60.23
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.51
- Operating Margin %
- 3.29%
- Net Margin %
- 0.83%
- ROE %
- 9.56%
- ROCE %
- 21.89%
- 5.97%
- Debtor Days
- 2
- Inventory Days
- 12
- Payable Days
- 5
- 9
- Debt to Equity (x)
- 0.38x
- Interest Coverage (x)
- 1.94x
- 2.41x
- Revenue Growth %
- -1.13%
- Operating Profit Growth %
- -0.29%
- Net Profit Growth %
- 14.92%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 6.37
- Book Value (₹)
- 66.61
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.58
- Operating Margin %
- 2.52%
- Net Margin %
- 0.95%
- ROE %
- 10.05%
- ROCE %
- 17.57%
- 6.54%
- Debtor Days
- 2
- Inventory Days
- 9
- Payable Days
- 13
- -2
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 3.56x
- 2.41x
- Revenue Growth %
- 11.02%
- Operating Profit Growth %
- -14.97%
- Net Profit Growth %
- 27.08%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 13.16
- Book Value (₹)
- 32.20
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.82
- Operating Margin %
- 8.38%
- Net Margin %
- 4.53%
- ROE %
- 51.36%
- ROCE %
- 62.30%
- 29.07%
- Debtor Days
- 2
- Inventory Days
- 17
- Payable Days
- 8
- 10
- Debt to Equity (x)
- 0.74x
- Interest Coverage (x)
- 10.11x
- 1.94x
- Revenue Growth %
- 50.78%
- Operating Profit Growth %
- 401.36%
- Net Profit Growth %
- 622.26%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 17.13
- Book Value (₹)
- 93.39
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.57
- Operating Margin %
- 31.18%
- Net Margin %
- 18.61%
- ROE %
- 29.73%
- ROCE %
- 36.46%
- 21.29%
- Debtor Days
- 28
- Inventory Days
- 98
- Payable Days
- 10
- 116
- Debt to Equity (x)
- 0.24x
- Interest Coverage (x)
- 6.84x
- 3.39x
- Revenue Growth %
- -53.32%
- Operating Profit Growth %
- 73.69%
- Net Profit Growth %
- 91.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 20.97
- Book Value (₹)
- 114.36
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.57
- Operating Margin %
- 26.45%
- Net Margin %
- 12.40%
- ROE %
- 20.19%
- ROCE %
- 22.47%
- 11.07%
- Debtor Days
- 29
- Inventory Days
- 181
- Payable Days
- 76
- 135
- Debt to Equity (x)
- 0.94x
- Interest Coverage (x)
- 4.31x
- 1.41x
- Revenue Growth %
- 83.83%
- Operating Profit Growth %
- 55.99%
- Net Profit Growth %
- 22.43%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 13.11
- Book Value (₹)
- 130.06
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.05
- Operating Margin %
- 20.14%
- Net Margin %
- 7.20%
- ROE %
- 10.72%
- ROCE %
- 13.78%
- 5.37%
- Debtor Days
- 35
- Inventory Days
- 246
- Payable Days
- 63
- 218
- Debt to Equity (x)
- 0.59x
- Interest Coverage (x)
- 3.13x
- 1.97x
- Revenue Growth %
- 7.64%
- Operating Profit Growth %
- -18.05%
- Net Profit Growth %
- -37.51%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 20.26
- Book Value (₹)
- 225.05
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.38
- Operating Margin %
- 16.90%
- Net Margin %
- 8.65%
- ROE %
- 11.69%
- ROCE %
- 12.95%
- 7.43%
- Debtor Days
- 31
- Inventory Days
- 199
- Payable Days
- 19
- 211
- Debt to Equity (x)
- 0.40x
- Interest Coverage (x)
- 6.80x
- 2.95x
- Revenue Growth %
- 37.75%
- Operating Profit Growth %
- 15.61%
- Net Profit Growth %
- 65.57%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 24.98
- Book Value (₹)
- 250.07
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 6.82
- Operating Margin %
- 17.84%
- Net Margin %
- 8.49%
- ROE %
- 10.52%
- ROCE %
- 13.18%
- 7.26%
- Debtor Days
- 27
- Inventory Days
- 176
- Payable Days
- 11
- 193
- Debt to Equity (x)
- 0.37x
- Interest Coverage (x)
- 5.97x
- 2.82x
- Revenue Growth %
- 25.68%
- Operating Profit Growth %
- 32.63%
- Net Profit Growth %
- 23.32%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 6.73
- Book Value (₹)
- 56.34
- Dividend per Share (₹)
- 0.40
- Cash EPS (₹)
- 9.01
- Operating Margin %
- 16.08%
- Net Margin %
- 8.78%
- ROE %
- 12.66%
- ROCE %
- 13.39%
- 6.91%
- Debtor Days
- 28
- Inventory Days
- 218
- Payable Days
- 33
- 213
- Debt to Equity (x)
- 1.03x
- Interest Coverage (x)
- 3.67x
- 1.62x
- Revenue Growth %
- 30.30%
- Operating Profit Growth %
- 38.52%
- Net Profit Growth %
- 34.70%
- -73.06%
- P/E (x)
- 59.31x
- P/B (x)
- 7.08x
- Dividend Yield %
- 0.10%
- 30.43x
Mar 2025
- EPS (₹)
- 18.80
- Book Value (₹)
- 74.72
- Dividend per Share (₹)
- 0.60
- Cash EPS (₹)
- 22.51
- Operating Margin %
- 24.75%
- Net Margin %
- 14.54%
- ROE %
- 28.69%
- ROCE %
- 23.06%
- 13.02%
- Debtor Days
- 34
- Inventory Days
- 222
- Payable Days
- 26
- 231
- Debt to Equity (x)
- 1.08x
- Interest Coverage (x)
- 4.79x
- 1.67x
- Revenue Growth %
- 68.64%
- Operating Profit Growth %
- 141.85%
- Net Profit Growth %
- 179.37%
- 179.36%
- P/E (x)
- 56.50x
- P/B (x)
- 14.22x
- Dividend Yield %
- 0.06%
- 32.04x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-18 - Manorama Industries Limited has informed the Exchange about Transcript
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-14 - Manorama Industries Limited has informed the Exchange about Link of Recording
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
May 2026
Jan 2026