Manorama Industries Ltd
₹ 398
10.98%
28 Mar
3:31 p.m.
About
Manorama Industries is engaged in manufacturing specialty fats and butter made from exotic seeds and nuts. [1]
Key Points
- Market Cap ₹ 2,374 Cr.
- Current Price ₹ 398
- High / Low ₹ 480 / 200
- Stock P/E 63.1
- Book Value ₹ 53.0
- Dividend Yield 0.11 %
- ROCE 13.2 %
- ROE 10.5 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 7.72 times its book value
- Company has a low return on equity of 11.0% over last 3 years.
- Company might be capitalizing the interest cost
- Dividend payout has been low at 2.67% of profits 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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
96 | 100 | 104 | 133 | 131 | 145 | 210 | 102 | 188 | 203 | 279 | 351 | 429 | |
95 | 101 | 101 | 129 | 127 | 143 | 193 | 73 | 144 | 168 | 240 | 294 | 360 | |
Operating Profit | 0 | -0 | 4 | 4 | 4 | 3 | 17 | 29 | 44 | 35 | 39 | 56 | 69 |
OPM % | 0% | -0% | 4% | 3% | 3% | 2% | 8% | 28% | 23% | 17% | 14% | 16% | 16% |
1 | 3 | 1 | 1 | 1 | 1 | 2 | 3 | 6 | 6 | 8 | 6 | 13 | |
Interest | 0 | 1 | 3 | 3 | 2 | 1 | 2 | 5 | 10 | 10 | 6 | 9 | 15 |
Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 8 | 11 | 13 |
Profit before tax | 1 | 1 | 1 | 2 | 2 | 2 | 16 | 27 | 32 | 22 | 34 | 43 | 53 |
Tax % | 33% | 32% | 34% | 34% | 36% | 33% | 38% | 28% | 28% | 35% | 28% | 31% | |
0 | 1 | 1 | 1 | 1 | 1 | 10 | 19 | 23 | 15 | 24 | 30 | 38 | |
EPS in Rs | 0.49 | 0.94 | 1.09 | 1.23 | 1.08 | 1.28 | 2.63 | 3.43 | 4.20 | 2.62 | 4.05 | 5.00 | 6.31 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 8% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 11% |
3 Years: | 23% |
TTM: | 31% |
Compounded Profit Growth | |
---|---|
10 Years: | 44% |
5 Years: | 24% |
3 Years: | 9% |
TTM: | 41% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 55% |
3 Years: | 33% |
1 Year: | 73% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 14% |
3 Years: | 11% |
Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1 | 2 | 2 | 2 | 2 | 2 | 8 | 11 | 11 | 11 | 12 | 12 | 12 |
Reserves | 4 | 6 | 7 | 8 | 11 | 12 | 17 | 93 | 116 | 134 | 256 | 286 | 304 |
6 | 11 | 12 | 4 | 5 | 0 | 18 | 24 | 119 | 85 | 108 | 110 | 248 | |
35 | 8 | 1 | 3 | 3 | 8 | 3 | 5 | 42 | 24 | 19 | 16 | 34 | |
Total Liabilities | 47 | 27 | 22 | 17 | 21 | 23 | 45 | 133 | 289 | 254 | 396 | 424 | 599 |
1 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 51 | 57 | 55 | 97 | 107 | |
CWIP | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 16 | 0 | 0 | 42 | 50 | 50 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
44 | 23 | 19 | 14 | 18 | 20 | 41 | 112 | 237 | 197 | 299 | 278 | 442 | |
Total Assets | 47 | 27 | 22 | 17 | 21 | 23 | 45 | 133 | 289 | 254 | 396 | 424 | 599 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | -11 | -11 | -60 | 33 | -33 | 59 | ||||||
2 | -1 | -50 | -10 | 11 | -35 | -99 | ||||||
-1 | 16 | 62 | 85 | -45 | 117 | -7 | ||||||
Net Cash Flow | 3 | 3 | 2 | 15 | -0 | 49 | -47 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 125 | 21 | 11 | 3 | 1 | 3 | 3 | 50 | 32 | 40 | 33 | 29 |
Inventory Days | 31 | 10 | 18 | 6 | 37 | 273 | 669 | 391 | 535 | 302 | ||
Days Payable | 2 | 5 | 5 | 21 | 0 | 11 | 147 | 24 | 24 | 8 | ||
Cash Conversion Cycle | 125 | 21 | 40 | 8 | 14 | -13 | 40 | 312 | 553 | 408 | 544 | 323 |
Working Capital Days | -5 | 36 | 39 | 9 | 13 | -11 | 33 | 178 | 286 | 255 | 275 | 208 |
ROCE % | 7% | 16% | 21% | 27% | 24% | 17% | 62% | 37% | 22% | 14% | 13% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15h - Of Schedule of Investor meet to be held on 02.04.2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
18 Mar - Of schedule of investor meet under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulation, 2015.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15 Feb - Of Schedule of Investor meet under Regulation 30 of SEBI (LODR) Regulations, 2015 - 20th February, 2024
- Fixation Of Record Date For Sub Division/Stock Split Of The Equity Shares Of The Company - Friday, March 08, 2024 15 Feb
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 14 Feb
Annual reports
Concalls
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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]