Manilam Industries India Ltd
Incorporated in 2015, Manilam Industries India Ltd is engaged in the manufacturing and sale
of designer laminate & allied products and Veneer & Plywoods
- Market Cap ₹ 90.8 Cr.
- Current Price ₹ 41.6
- High / Low ₹ 67.0 / 32.5
- Stock P/E 44.3
- Book Value ₹ 32.3
- Dividend Yield 0.00 %
- ROCE 8.47 %
- ROE 3.93 %
- 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.
- The company has delivered a poor sales growth of 8.28% over past five years.
- Company has a low return on equity of 10.7% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 70 | 115 | 148 | 138 | 140 | 104 | |
| 65 | 108 | 139 | 124 | 122 | 93 | |
| Operating Profit | 5 | 7 | 9 | 14 | 18 | 12 |
| OPM % | 8% | 6% | 6% | 10% | 13% | 11% |
| 1 | -0 | 1 | 0 | 2 | 0 | |
| Interest | 3 | 4 | 5 | 7 | 8 | 6 |
| Depreciation | 2 | 2 | 2 | 3 | 3 | 3 |
| Profit before tax | 1 | 1 | 2 | 5 | 9 | 3 |
| Tax % | 25% | 41% | 30% | 30% | 33% | 32% |
| 1 | 1 | 2 | 3 | 6 | 2 | |
| EPS in Rs | 0.62 | 0.45 | 0.99 | 1.95 | 3.96 | 0.94 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | -11% |
| TTM: | -26% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 9% |
| TTM: | -68% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 11% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 22 |
| Reserves | 11 | 20 | 21 | 24 | 32 | 49 |
| 43 | 48 | 61 | 73 | 62 | 51 | |
| 30 | 52 | 49 | 50 | 63 | 49 | |
| Total Liabilities | 87 | 122 | 133 | 150 | 159 | 171 |
| 28 | 31 | 35 | 33 | 30 | 29 | |
| CWIP | 2 | 1 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 56 | 89 | 99 | 116 | 129 | 142 | |
| Total Assets | 87 | 122 | 133 | 150 | 159 | 171 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 1 | -5 | -3 | -4 | 18 | -6 | |
| -8 | -4 | -5 | -1 | 1 | -1 | |
| 7 | 9 | 8 | 6 | -18 | 17 | |
| Net Cash Flow | 0 | -0 | -0 | 0 | -0 | 10 |
| Free Cash Flow | -6 | -10 | -8 | -5 | 18 | -7 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 25% | -69% | -27% | -27% | 105% | -50% |
Ratios
Consolidated / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 178 | 148 | 144 | 178 | 209 | 223 |
| Inventory Days | 127 | 153 | 119 | 161 | 176 | 330 |
| Days Payable | 151 | 166 | 126 | 134 | 178 | 188 |
| Cash Conversion Cycle | 153 | 134 | 137 | 205 | 207 | 365 |
| Working Capital Days | 72 | 68 | 31 | 37 | 50 | 134 |
| ROCE % | 8% | 10% | 13% | 18% | 8% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Total Number of Designs (SKUs) count ・Standalone data |
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| Laminated Sheets Capacity Utilization % ・Standalone data |
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| Laminated Sheets Production Volume Pcs ・Standalone data |
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| Laminates Revenue Share % of revenue from operations ・Standalone data |
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| Number of Dealers count ・Standalone data |
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| Number of Distributors count ・Standalone data |
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| Plywood (Manufacturing) Revenue Share % of revenue from operations ・Standalone data |
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| Trading Activities Revenue Share % of revenue from operations ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) dematerialization certificate for quarter ended 30 September 2026.
-
Updates
- Madhu Nemani acquired 34,97,900 shares, 16.01%, from Manoj Kumar Agrawal on 25 September 2026.
-
Updates
- Manoj Kumar Agrawal gifted 34,97,900 shares (16.01%) to Madhu Nemani; promoter holding unchanged.
-
Disclosure under SEBI Takeover Regulations
- Madhu Nemani has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance …
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Trading Window
- Trading window closed from October 1, 2026 until 48 hours after half-year results.
Business Overview:[1]
MIIL, started as a partnership firm viz. B.P. Industries, is engaged in the manufacturing of decorative laminates and the trading of plywood. The company manufactures decorative laminates in various thicknesses (0.7mm to 1mm) and trades plywood in different grades and sizes, primarily serving the industrial and commercial sectors.