1. India Stocks

  2. •

    Consumer non-durables

  3. •

    Food: specialty/candy
Manorama Industries Ltd.

Manorama Industries Ltd.

1,746.75
INR
+7.45
(+0.43%)
40.24EPS
41.13P/E
98.89BMarket Cap
Nov 06Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
18.63
22.96
23.49
26.01
39.4
21.59
33.17
35.78
47.76
58.43
76.47
128.71
228.17
242.48
Basic EPS, GAAP
0.16
0.17
0.19
0.25
1.79
4.05
4.19
2.62
4.15
5
6.73
18.42
37.67
40.27
Free Cash Flow per Basic Share
0.03
1.87
0.24
1.92
-2.49
-7.49
-16.32
5.22
-16
1.34
-32.31
-14.89
32.76
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.4
0.4
0.6
- -
Book Value per Share
1.55
1.73
2.34
2.58
4.37
18.68
23.38
26.01
45.01
50.05
56.55
77.14
114.24
- -
Tangible Book Value per Share
1.55
1.73
2.34
2.58
4.37
18.68
23.38
26.01
45.01
49.93
56.43
76.75
113.93
- -
Basic Weighted Avg Shares
56
56
56
56
56
47
56
56
58
60
60
60
60
60
Sales/Revenue/Turnover
1,037
1,278
1,307
1,447
2,192
1,015
1,845
1,991
2,778
3,482
4,558
7,671
13,624
14,474
Operating Margin (%)
3.05
1
2.24
1.18
7.34
27.75
19.61
13.41
11.21
13.09
13.15
21.46
24.65
23.76
Depreciation Expense
6
7
9
8
7
8
77
80
79
109
136
221
257
257
Net Income, GAAP
9
9
11
14
99
191
233
146
241
298
401
1,098
2,249
2,404
Effective Tax Rate (%)
27.58
34.62
35.23
32.83
37.63
28.24
27.9
34.79
27.96
30.85
24.57
24.84
27.01
27.45
Profit Margin (%)
0.86
0.74
0.83
0.95
4.53
18.77
12.65
7.33
8.69
8.55
8.8
14.31
16.51
16.61
Working Capital
63
70
100
114
201
689
608
887
1,849
1,743
2,131
3,166
4,604
- -
LT Debt
2
3
1
- -
1
5
5
151
298
240
507
440
337
- -
Total Equity
86
96
130
144
243
1,039
1,301
1,447
2,683
2,983
3,370
4,597
6,821
- -
Return on Invested Capital (%)
- -
4.52
11.69
7.18
35.61
23.72
13.43
6.98
7.25
8.01
8.28
15.14
24.6
- -
Return on Capital (%)
- -
13.48
11.77
11.3
38.52
25.93
15.71
8.62
9.11
8.97
9.92
16.93
25.39
- -
Return on Common Equity (%)
- -
10.3
9.56
10.05
51.36
29.73
19.95
10.61
11.69
10.51
12.63
27.56
39.4
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
3,211
- -
LT Borrowings
- -
328
- -
LT Finance Leases
- -
9
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
60
60
60
Market Capitalization
79,657
67,551
98,889

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
9,336
- -
Cash, Cash Equivalents & STI
- -
840
- -
Accounts Receivable, Net
- -
625
- -
Inventories
- -
7,278
- -
Total Current Liabilities
- -
4,732
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
3,211
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
63.8%
38.86%
48.38%
Free Cash Flow
-275.43%
-683.74%
-320.44%
Net Income, GAAP
112.83%
80.44%
104.86%
Sales/Revenue/Turnover
33.98%
48.34%
77.6%
Total Cash Common Dividend
- -
- -
50.03%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,334
1,954
2,092
2,328
7,671
2026
2,896
- -
3,625
3,913
13,624
2027
4,040
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2.27
4.32
5.11
6.72
18.42
2026
7.87
- -
12.1
7.12
37.67
2027
13.17
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.4
2026
- -
- -
- -
- -
0.6
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ashish Ramesh Saraf
Full Time Employees
523
Sector
Consumer non-durables
Industry
Food: specialty/candy
Address
F-6, Anupam Nagar Raipur CT India 492007
IPO Date
Oct 4, 2018
Website
manoramagroup.co.in
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Business
Manorama Industries Limited manufactures, processes, and exports specialty fats and butters derived from tree-borne and plant-based seeds for applications in chocolate, confectionery, cosmetics, and personal care industries. The company produces shea butter and fat, sal butter, sal fat, shea oil, sal oil, sal stearine, shea stearine, mango butter and fat, mango oil, mango stearine, kokum butter and oil, mowrah fat, de-oiled cakes, cocoa butter, mowrah butter, and phulwara butter; it also offers cocoa butter equivalents under the Milcoa brand. Founded in 2005 and headquartered in Raipur, Chhattisgarh, India, with a registered office in Mumbai, Maharashtra, Manorama operates manufacturing facilities in Chhattisgarh and exports to markets in Europe, Asia, Africa, North America, and other regions. Subsidiaries include Manorama Africa Limited in Ghana and recent additions of six new subsidiaries during fiscal 2024-25, comprising five in Africa and one in the UAE, along with the acquisition of Manorama Rus LLC in 2024. Recent developments encompass the commencement of commercial production at a new 25,000 TPA fractionation plant in 2024, tripling total fractionation capacity to 40,000 TPA; an announced stock split from Rs. 10 to Rs. 2 face value in 2024; planned upgrades to expand fractionation capacity to approximately 52,000 MTPA in fiscal 2026 with INR 450 crore capital expenditure; an MOU for a subsidiary in Burkina Faso focused on shea nuts and mango kernels processing; and upward revision of annual revenue guidance to over Rs. 1,150 crore for fiscal 2026 amid 86.4% H1 revenue growth.