Manorama Industries Ltd

Manorama Industries Ltd

₹ 679 -1.69%
24 Jun - close price
About

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

Key Points

Market Position
Company is the world’s exclusive producer of Mango based Cocoa Butter Equivalent (CBE), Sal Based CBE, Shea-based CBE and Mango, Sal, Shea based Specialty fats and butter and is accredited with various certifications, recognized by GoI as a ‘Star Export House’ and is a member of FIEO, CII, SEDEX, APEDA, UNGC, SHEFEXIL, RSPO, IGBC, IOPEPC, SEA and others. [1]

  • Market Cap 4,047 Cr.
  • Current Price 679
  • High / Low 730 / 289
  • Stock P/E 101
  • Book Value 56.6
  • Dividend Yield 0.06 %
  • ROCE 13.4 %
  • ROE 12.6 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 12.0 times its book value
  • Company has a low return on equity of 11.6% over last 3 years.
  • Promoter holding has decreased over last 3 years: -4.07%

* 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

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
61 62 71 69 78 73 81 95 102 112 118 98 129
54 52 62 60 66 60 69 80 85 93 99 83 109
Operating Profit 7 9 9 9 12 13 12 15 16 19 18 16 21
OPM % 12% 15% 13% 13% 15% 17% 15% 16% 16% 17% 16% 16% 16%
2 1 3 3 2 1 1 1 3 3 2 4 4
Interest 2 1 2 2 2 2 2 2 2 2 5 6 7
Depreciation 2 2 2 2 2 2 3 3 3 3 3 4 4
Profit before tax 6 8 8 8 9 10 8 11 14 16 12 11 14
Tax % 42% 29% 24% 31% 28% 29% 30% 35% 29% 30% 30% 30% 10%
3 5 6 6 7 7 6 7 10 12 9 7 12
EPS in Rs 0.59 0.96 1.05 0.96 1.14 1.14 0.98 1.20 1.68 1.94 1.44 1.25 2.10
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
100 104 133 131 145 210 102 188 203 279 351 457
101 101 129 127 143 193 73 144 168 240 294 384
Operating Profit -0 4 4 4 3 17 29 44 35 39 56 74
OPM % -0% 4% 3% 3% 2% 8% 28% 23% 17% 14% 16% 16%
3 1 1 1 1 2 3 6 6 8 6 13
Interest 1 3 3 2 1 2 5 10 10 6 9 20
Depreciation 0 0 1 1 1 1 1 8 8 8 11 14
Profit before tax 1 1 2 2 2 16 27 32 22 34 43 53
Tax % 32% 34% 34% 36% 33% 38% 28% 28% 35% 28% 31% 25%
1 1 1 1 1 10 19 23 15 24 30 40
EPS in Rs 0.94 1.09 1.23 1.08 1.28 2.63 3.43 4.20 2.62 4.05 5.00 6.73
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 8% 6%
Compounded Sales Growth
10 Years: 16%
5 Years: 35%
3 Years: 31%
TTM: 30%
Compounded Profit Growth
10 Years: 45%
5 Years: 15%
3 Years: 40%
TTM: 35%
Stock Price CAGR
10 Years: %
5 Years: 75%
3 Years: 39%
1 Year: 126%
Return on Equity
10 Years: 14%
5 Years: 12%
3 Years: 12%
Last Year: 13%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 2 2 2 2 2 8 11 11 11 12 12 12
Reserves 6 7 8 11 12 17 93 116 134 256 286 325
11 12 4 5 0 18 24 119 85 108 110 346
8 1 3 3 8 3 5 42 24 19 16 53
Total Liabilities 27 22 17 21 23 45 133 289 254 396 424 737
3 3 3 3 3 3 6 51 57 55 97 130
CWIP 0 0 0 0 0 1 16 0 0 42 50 41
Investments 0 0 0 0 0 0 0 0 0 0 0 0
23 19 14 18 20 41 112 237 197 299 278 565
Total Assets 27 22 17 21 23 45 133 289 254 396 424 737

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 -11 -11 -60 33 -33 59 -154
2 -1 -50 -10 11 -35 -99 -62
-1 16 62 85 -45 117 -7 214
Net Cash Flow 3 3 2 15 -0 49 -47 -1

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 21 11 3 1 3 3 50 32 40 33 29 33
Inventory Days 31 10 18 6 37 273 669 391 535 302 568
Days Payable 2 5 5 21 0 11 147 24 24 8 59
Cash Conversion Cycle 21 40 8 14 -13 40 312 553 408 544 323 543
Working Capital Days 36 39 9 13 -11 33 178 286 255 275 208 336
ROCE % 16% 21% 27% 24% 17% 62% 37% 22% 14% 13% 13%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.33% 57.26% 57.26% 57.26% 57.26% 57.26% 57.26% 57.26% 57.26% 57.26% 57.26% 57.26%
0.57% 2.29% 2.40% 2.40% 2.40% 2.44% 2.20% 2.26% 2.60% 2.80% 2.81% 2.53%
0.00% 3.36% 3.40% 3.40% 3.40% 3.46% 3.46% 3.46% 3.40% 3.27% 2.55% 2.51%
38.10% 37.09% 36.94% 36.94% 36.94% 36.84% 37.09% 37.02% 36.75% 36.69% 37.40% 37.69%
No. of Shareholders 1,0032,8903,5574,0964,4005,3675,8996,3676,4996,7128,04814,279

* 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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