Manorama Industries Ltd
₹ 550
-0.46%
15 May
4:01 p.m.
About
Manorama Industries is engaged in manufacturing specialty fats and butter made from exotic seeds and nuts. [1]
Key Points
- Market Cap ₹ 3,248 Cr.
- Current Price ₹ 550
- High / Low ₹ 696 / 255
- Stock P/E 81.0
- Book Value ₹ 56.6
- Dividend Yield 0.07 %
- ROCE 13.4 %
- ROE 12.6 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 9.73 times its book value
- Company has a low return on equity of 11.6% over last 3 years.
- Promoter holding has decreased over last 3 years: -4.07%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: FMCG Industry: Food - Processing - Indian
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 100 | 104 | 133 | 131 | 145 | 210 | 102 | 188 | 203 | 279 | 351 | 457 | |
| 101 | 101 | 129 | 127 | 143 | 193 | 73 | 144 | 168 | 240 | 294 | 384 | |
| Operating Profit | -0 | 4 | 4 | 4 | 3 | 17 | 29 | 44 | 35 | 39 | 56 | 74 |
| OPM % | -0% | 4% | 3% | 3% | 2% | 8% | 28% | 23% | 17% | 14% | 16% | 16% |
| 3 | 1 | 1 | 1 | 1 | 2 | 3 | 6 | 6 | 8 | 6 | 13 | |
| Interest | 1 | 3 | 3 | 2 | 1 | 2 | 5 | 10 | 10 | 6 | 9 | 20 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 8 | 11 | 14 |
| Profit before tax | 1 | 1 | 2 | 2 | 2 | 16 | 27 | 32 | 22 | 34 | 43 | 53 |
| Tax % | 32% | 34% | 34% | 36% | 33% | 38% | 28% | 28% | 35% | 28% | 31% | 25% |
| 1 | 1 | 1 | 1 | 1 | 10 | 19 | 23 | 15 | 24 | 30 | 40 | |
| EPS in Rs | 0.94 | 1.09 | 1.23 | 1.08 | 1.28 | 2.63 | 3.43 | 4.20 | 2.62 | 4.05 | 5.00 | 6.73 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 8% | 1% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 35% |
| 3 Years: | 31% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 45% |
| 5 Years: | 15% |
| 3 Years: | 40% |
| TTM: | 35% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 68% |
| 3 Years: | 44% |
| 1 Year: | 101% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 12% |
| 3 Years: | 12% |
| Last Year: | 13% |
Balance Sheet
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 8 | 11 | 11 | 11 | 12 | 12 | 12 |
| Reserves | 6 | 7 | 8 | 11 | 12 | 17 | 93 | 116 | 134 | 256 | 286 | 325 |
| 11 | 12 | 4 | 5 | 0 | 18 | 24 | 119 | 85 | 108 | 110 | 346 | |
| 8 | 1 | 3 | 3 | 8 | 3 | 5 | 42 | 24 | 19 | 16 | 53 | |
| Total Liabilities | 27 | 22 | 17 | 21 | 23 | 45 | 133 | 289 | 254 | 396 | 424 | 737 |
| 3 | 3 | 3 | 3 | 3 | 3 | 6 | 51 | 57 | 55 | 97 | 130 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 16 | 0 | 0 | 42 | 50 | 41 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 23 | 19 | 14 | 18 | 20 | 41 | 112 | 237 | 197 | 299 | 278 | 565 | |
| Total Assets | 27 | 22 | 17 | 21 | 23 | 45 | 133 | 289 | 254 | 396 | 424 | 737 |
Cash Flows
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | -11 | -11 | -60 | 33 | -33 | 59 | -154 | |||||
| 2 | -1 | -50 | -10 | 11 | -35 | -99 | -62 | |||||
| -1 | 16 | 62 | 85 | -45 | 117 | -7 | 214 | |||||
| Net Cash Flow | 3 | 3 | 2 | 15 | -0 | 49 | -47 | -1 |
Ratios
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 21 | 11 | 3 | 1 | 3 | 3 | 50 | 32 | 40 | 33 | 29 | 33 |
| Inventory Days | 31 | 10 | 18 | 6 | 37 | 273 | 669 | 391 | 535 | 302 | 568 | |
| Days Payable | 2 | 5 | 5 | 21 | 0 | 11 | 147 | 24 | 24 | 8 | 59 | |
| Cash Conversion Cycle | 21 | 40 | 8 | 14 | -13 | 40 | 312 | 553 | 408 | 544 | 323 | 543 |
| Working Capital Days | 36 | 39 | 9 | 13 | -11 | 33 | 178 | 286 | 255 | 275 | 208 | 336 |
| ROCE % | 16% | 21% | 27% | 24% | 17% | 62% | 37% | 22% | 14% | 13% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper publication of Audited Financial Result for the Quarter and Financial Year ended March 31, 2024
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Announcement under Regulation 30 (LODR)-Investor Presentation
2d - Investor Presentation with respect to Audited Financial Results for Quarter and Year ended March 31, 2024.
- Approved Grant Of 1,80,000 Stock Options Under Manorama Industries Limited Employee Stock Option Plan 2021 ('MIL ESOP 2021) 2d
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Announcement under Regulation 30 (LODR)-Change in Directorate
2d - Re-appointment of Mr. Jose V. Joseph (DIN: 08540226) as an Independent Director of the Company for the second term of 5 (five) consecutive years subject …
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
2d - Appointment of M/s Singhi & Co., Chartered Accountants as the Statutory Auditor of the Company due to completion of 5 year term of existing auditors.
Annual reports
Concalls
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May 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Jan 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Apr 2021TranscriptNotesPPT
Market Position
Company is the world’s exclusive producer of Mango based Cocoa Butter Equivalent (CBE), Sal Based CBE, Shea-based CBE and Mango, Sal, Shea based Specialty fats and butter and is accredited with various certifications, recognized by GoI as a ‘Star Export House’ and is a member of FIEO, CII, SEDEX, APEDA, UNGC, SHEFEXIL, RSPO, IGBC, IOPEPC, SEA and others. [1]