Manilam Industries India Ltd
Incorporated in 2015, Manilam Industries India Limited is engaged in the manufacturing and sale of Decorative Laminates and Plywood.[1]
- Market Cap ₹ 94.9 Cr.
- Current Price ₹ 43.4
- High / Low ₹ 67.0 / 41.5
- Stock P/E 47.7
- Book Value ₹ 32.2
- Dividend Yield 0.00 %
- ROCE 8.40 %
- ROE 3.81 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 10.6% over last 3 years.
- Company has high debtors of 223 days.
- Working capital days have increased from 73.5 days to 134 days
* 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
Consumer Discretionary Consumer Durables Consumer Durables Plywood Boards/ Laminates
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 148 | 138 | 140 | 104 | |
| 139 | 124 | 122 | 93 | |
| Operating Profit | 9 | 14 | 18 | 12 |
| OPM % | 6% | 10% | 13% | 11% |
| 1 | 0 | 2 | 0 | |
| Interest | 5 | 7 | 8 | 6 |
| Depreciation | 2 | 3 | 3 | 3 |
| Profit before tax | 2 | 4 | 9 | 3 |
| Tax % | 30% | 30% | 33% | 32% |
| 2 | 3 | 6 | 2 | |
| EPS in Rs | 6.65 | 13.48 | 27.26 | 0.92 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -11% |
| TTM: | -26% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| TTM: | -68% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 22 |
| Reserves | 21 | 24 | 32 | 49 |
| 61 | 73 | 62 | 51 | |
| 49 | 50 | 63 | 49 | |
| Total Liabilities | 134 | 150 | 159 | 171 |
| 34 | 33 | 29 | 28 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| 99 | 116 | 129 | 142 | |
| Total Assets | 134 | 150 | 159 | 171 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| -3 | -4 | 18 | -6 | |
| -5 | -1 | 1 | -1 | |
| 8 | 6 | -18 | 17 | |
| Net Cash Flow | -0 | 0 | -0 | 10 |
| Free Cash Flow | -8 | -5 | 18 | -7 |
| CFO/OP | -29% | -27% | 106% | -50% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 144 | 178 | 209 | 223 |
| Inventory Days | 119 | 161 | 176 | 331 |
| Days Payable | 126 | 134 | 178 | 188 |
| Cash Conversion Cycle | 137 | 205 | 207 | 365 |
| Working Capital Days | 31 | 37 | 50 | 134 |
| ROCE % | 13% | 17% | 8% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Total Number of Designs (SKUs) count |
|
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| Laminated Sheets Capacity Utilization % |
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| Laminated Sheets Production Volume Pcs |
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| Laminates Revenue Share % of revenue from operations |
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| Number of Dealers count |
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| Number of Distributors count |
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| Plywood (Manufacturing) Revenue Share % of revenue from operations |
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| Trading Activities Revenue Share % of revenue from operations |
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Extracted by Screener AI
Documents
Announcements
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Copy of Newspaper Publication
- Newspaper ads published for 11th AGM notice and annual report dispatch; AGM on 21 September 2026 via VC/OAVM.
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Disclosure under SEBI Takeover Regulations
- Madhu Nemani has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …
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Shareholders meeting
- 11th AGM on 21 September 2026 at 2 PM via VC/OAVM; FY2025-26 annual report submitted.
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Reply to Clarification- Financial results
- Revised audited FY26 and half-year results filed; NSE observations on format and utilisation certificate addressed.
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Outcome of Board Meeting
- Board appointed Shweta Singh and Shreya Kejriwal, approved AGM notice and FY26 annual report; AGM on 21 Sept 2026.
Business Profile[1]
The company is engaged in the manufacturing and sale of decorative laminates & plywood trading. The business primarily operates on a B2B model, contributing around 99% to revenue, wherein products are supplied to distributors who further cater to dealers.[2]