Manorama Industries Ltd
Manorama Industries is engaged in manufacturing specialty fats and butter made from exotic seeds and nuts. [1]
- Market Cap ₹ 7,595 Cr.
- Current Price ₹ 1,275
- High / Low ₹ 1,388 / 543
- Stock P/E 67.8
- Book Value ₹ 77.5
- Dividend Yield 0.03 %
- ROCE 23.0 %
- ROE 28.0 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 37.3% CAGR over last 5 years
- Company's median sales growth is 25.7% of last 10 years
Cons
- Stock is trading at 16.4 times its book value
- Promoter holding has decreased over last quarter: -2.84%
- Debtor days have increased from 36.8 to 48.2 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
Sector: FMCG Industry: Food - Processing - Indian
Part of BSE Allcap BSE Fast Moving Consumer Goods BSE SmallCap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
104 | 133 | 131 | 145 | 210 | 102 | 188 | 203 | 279 | 351 | 457 | 771 | |
101 | 129 | 127 | 143 | 193 | 73 | 144 | 168 | 240 | 294 | 384 | 580 | |
Operating Profit | 4 | 4 | 4 | 3 | 17 | 29 | 44 | 35 | 39 | 56 | 74 | 191 |
OPM % | 4% | 3% | 3% | 2% | 8% | 28% | 23% | 17% | 14% | 16% | 16% | 25% |
1 | 1 | 1 | 1 | 2 | 3 | 6 | 6 | 8 | 6 | 13 | 19 | |
Interest | 3 | 3 | 2 | 1 | 2 | 5 | 10 | 10 | 6 | 9 | 20 | 39 |
Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 8 | 11 | 14 | 22 |
Profit before tax | 1 | 2 | 2 | 2 | 16 | 27 | 32 | 22 | 34 | 43 | 53 | 148 |
Tax % | 34% | 34% | 36% | 33% | 38% | 28% | 28% | 35% | 28% | 31% | 25% | 24% |
1 | 1 | 1 | 1 | 10 | 19 | 23 | 15 | 24 | 30 | 40 | 112 | |
EPS in Rs | 1.09 | 1.23 | 1.08 | 1.28 | 2.63 | 3.43 | 4.20 | 2.62 | 4.05 | 5.00 | 6.73 | 18.80 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 8% | 6% | 3% |
Compounded Sales Growth | |
---|---|
10 Years: | 19% |
5 Years: | 33% |
3 Years: | 40% |
TTM: | 69% |
Compounded Profit Growth | |
---|---|
10 Years: | 59% |
5 Years: | 37% |
3 Years: | 67% |
TTM: | 179% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 83% |
3 Years: | 73% |
1 Year: | 101% |
Return on Equity | |
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10 Years: | 18% |
5 Years: | 16% |
3 Years: | 18% |
Last Year: | 28% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2 | 2 | 2 | 2 | 8 | 11 | 11 | 11 | 12 | 12 | 12 | 12 |
Reserves | 7 | 8 | 11 | 12 | 17 | 93 | 116 | 134 | 256 | 286 | 325 | 450 |
12 | 4 | 5 | 0 | 18 | 24 | 119 | 85 | 108 | 110 | 346 | 482 | |
1 | 3 | 3 | 8 | 3 | 5 | 42 | 24 | 19 | 16 | 53 | 41 | |
Total Liabilities | 22 | 17 | 21 | 23 | 45 | 133 | 289 | 254 | 396 | 424 | 737 | 985 |
3 | 3 | 3 | 3 | 3 | 6 | 51 | 57 | 55 | 97 | 129 | 178 | |
CWIP | 0 | 0 | 0 | 0 | 1 | 16 | 0 | 0 | 42 | 50 | 42 | 2 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
19 | 14 | 18 | 20 | 41 | 112 | 237 | 197 | 299 | 278 | 565 | 804 | |
Total Assets | 22 | 17 | 21 | 23 | 45 | 133 | 289 | 254 | 396 | 424 | 737 | 985 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | -11 | -11 | -60 | 33 | -33 | 59 | -154 | -59 | ||||
2 | -1 | -50 | -10 | 11 | -35 | -99 | -62 | -34 | ||||
-1 | 16 | 62 | 85 | -45 | 117 | -7 | 214 | 93 | ||||
Net Cash Flow | 3 | 3 | 2 | 15 | -0 | 49 | -47 | -1 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 11 | 3 | 1 | 3 | 3 | 50 | 32 | 40 | 33 | 29 | 33 | 48 |
Inventory Days | 31 | 10 | 18 | 6 | 37 | 273 | 669 | 391 | 535 | 272 | 586 | 504 |
Days Payable | 2 | 5 | 5 | 21 | 0 | 11 | 147 | 24 | 24 | 7 | 60 | 13 |
Cash Conversion Cycle | 40 | 8 | 14 | -13 | 40 | 312 | 553 | 408 | 544 | 294 | 559 | 539 |
Working Capital Days | 39 | 9 | 13 | -11 | 33 | 178 | 286 | 255 | 275 | 208 | 336 | 313 |
ROCE % | 21% | 27% | 24% | 17% | 62% | 37% | 22% | 14% | 13% | 13% | 13% | 23% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - Audio recording of Q4 FY25 earnings call uploaded on company website for investor access.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Publication of Audited Standalone and Consolidated Financial results of the Company for the quarter and financial year ended 31.03.2025
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Announcement under Regulation 30 (LODR)-Investor Presentation
26 Apr - Investor Presentation on Annual Audited Financial Results (both Standalone and Consolidated) for Quarter and Year Ended March 31, 2025
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
26 Apr - Manorama reports Q4 FY25 revenue INR 2,328 Mn (+80%), PAT INR 423 Mn (+238%), declares final dividend.
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Announcement under Regulation 30 (LODR)-Change in Directorate
26 Apr - FY25 audited results approved; final dividend Rs.0.60/share recommended; new independent director appointed.
Annual reports
Concalls
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Apr 2025TranscriptNotesPPT
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Jan 2025Transcript PPT
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Oct 2024TranscriptNotesPPT
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Aug 2024Transcript PPT
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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
Business Profile[1]
Manorama Industries is a leading manufacturer of specialty fats and butters derived from Sal and Mango seeds. The company operates on a "Waste to Wealth" business model, procuring exotic tree-borne seeds, processing them, and manufacturing cocoa butter equivalents (CBE) and specialty fats for various industries, including food, chocolate, confectionery, and cosmetics.