Manorama Industries Ltd

About [ edit ]

Manorama industries has four-decades of experience and a core competence in minor butter and fats seeds, Sal seeds, mango kernel, and major butter seeds and various other commodities.

Manorama manufactures Sal butter, Sal Fat, Mango Fats, Kokum butter, Mowrah fat, Cocoa butter equivalent and several value-added tailor made products for our valuable international and domestic customers.

  • Market Cap 1,035 Cr.
  • Current Price 930
  • High / Low 955 / 309
  • Stock P/E 45.1
  • Book Value 114
  • Dividend Yield 0.00 %
  • ROCE 22.2 %
  • ROE 19.8 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 8.13 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

Peer comparison

Sector: Edible Oil Industry: Solvent Extraction

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Quarterly Results

Figures in Rs. Crores

Operating Profit
OPM %
Other Income
Interest
Depreciation
Profit before tax
Tax %
Net Profit
EPS in Rs

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2018 Mar 2019 Mar 2020
47 71 96 100 104 210 102 188
49 71 95 101 101 194 73 144
Operating Profit -2 -0 0 -0 4 17 29 44
OPM % -5% -0% 0% -0% 4% 8% 28% 23%
Other Income 5 2 1 3 1 2 3 6
Interest 0 1 0 1 3 2 5 10
Depreciation 0 0 0 0 0 1 1 8
Profit before tax 2 1 1 1 1 16 27 32
Tax % 27% 35% 33% 32% 34% 38% 28% 28%
Net Profit 2 1 0 1 1 10 19 23
EPS in Rs 17.47 5.93 2.42 4.68 5.44 13.15 17.13 20.97
Dividend Payout % 6% 28% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:15%
5 Years:%
3 Years:%
TTM:84%
Compounded Profit Growth
10 Years:31%
5 Years:%
3 Years:%
TTM:17%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:192%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:20%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2018 Mar 2019 Mar 2020
1 1 1 2 2 8 11 11
Reserves 3 4 4 6 7 17 93 116
Borrowings 2 6 6 11 12 18 24 119
10 18 35 8 1 3 5 31
Total Liabilities 17 29 47 27 22 45 133 277
3 1 1 3 3 3 6 51
CWIP 0 1 1 0 0 1 16 0
Investments 6 5 0 0 0 0 0 0
8 21 44 23 19 41 112 226
Total Assets 17 29 47 27 22 45 133 277

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2018 Mar 2019 Mar 2020
0 0 -11 -11 -60
0 0 -1 -50 -10
0 0 16 62 85
Net Cash Flow 0 0 3 2 15

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2018 Mar 2019 Mar 2020
ROCE % 22% 7% 16% 21% 37% 22%
Debtor Days 15 59 125 21 11 3 50 32
Inventory Turnover 46.49 0.00 0.00 11.10 1.82 0.99

Shareholding Pattern

Numbers in percentages

Sep 2018 Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021
85.99 61.03 61.30 61.33 61.33 61.33
0.00 0.00 0.00 0.06 0.18 0.67
0.00 0.00 0.00 0.01 0.00 0.00
14.01 38.97 38.70 38.60 38.49 38.00

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