Manorama Industries Ltd

Manorama Industries Ltd

₹ 1,275 -6.42%
30 Apr - close price
About

Manorama Industries is engaged in manufacturing specialty fats and butter made from exotic seeds and nuts. [1]

Key Points

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.

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
78 73 81 95 102 112 118 98 129 133 195 209 233
66 60 69 80 85 93 99 83 109 107 150 154 169
Operating Profit 12 13 12 15 16 19 18 16 21 27 45 55 64
OPM % 15% 17% 15% 16% 16% 17% 16% 16% 16% 20% 23% 26% 27%
2 1 1 1 3 3 2 4 4 4 3 2 9
Interest 2 2 2 2 2 2 5 6 7 8 8 11 12
Depreciation 2 2 3 3 3 3 3 4 4 4 6 6 6
Profit before tax 9 10 8 11 14 16 12 11 14 18 35 40 55
Tax % 28% 29% 30% 35% 29% 30% 30% 30% 10% 26% 24% 27% 23%
7 7 6 7 10 12 9 7 12 14 27 30 42
EPS in Rs 1.14 1.14 0.98 1.20 1.68 1.94 1.44 1.25 2.10 2.27 4.48 4.95 7.09
Raw PDF

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
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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
57.26% 57.26% 57.26% 57.26% 57.26% 57.26% 57.26% 57.26% 57.26% 57.26% 54.42% 54.42%
2.40% 2.44% 2.20% 2.26% 2.60% 2.80% 2.81% 2.53% 2.16% 2.37% 2.53% 2.81%
3.40% 3.46% 3.46% 3.46% 3.40% 3.27% 2.55% 2.51% 1.74% 1.79% 4.70% 5.14%
36.94% 36.84% 37.09% 37.02% 36.75% 36.69% 37.40% 37.69% 38.83% 38.58% 38.35% 37.64%
No. of Shareholders 4,4005,3675,8996,3676,4996,7128,04814,27914,04014,50618,15219,938

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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