Manorama Industries Ltd

₹ 1,083 0.51%
05 Dec - 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 1,290 Cr.
  • Current Price 1,083
  • High / Low 1,535 / 821
  • Stock P/E 51.3
  • Book Value 236
  • Dividend Yield 0.00 %
  • ROCE 13.0 %
  • ROE 11.7 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 13.5% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -4.04%

* 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: Edible Oil Industry: Solvent Extraction

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Quarterly Results

Figures in Rs. Crores

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
29.65 46.98 64.95 61.05 61.60 71.14 68.73 77.64 72.97 80.71
24.51 36.31 53.58 53.56 52.35 61.85 59.88 66.10 60.36 68.57
Operating Profit 5.14 10.67 11.37 7.49 9.25 9.29 8.85 11.54 12.61 12.14
OPM % 17.34% 22.71% 17.51% 12.27% 15.02% 13.06% 12.88% 14.86% 17.28% 15.04%
0.56 1.61 1.48 2.49 1.09 2.65 2.98 1.52 0.66 0.95
Interest 1.51 4.19 2.52 2.27 0.99 1.75 1.53 1.50 1.84 2.07
Depreciation 1.76 2.03 2.10 2.07 1.80 1.96 2.06 2.07 1.85 2.63
Profit before tax 2.43 6.06 8.23 5.64 7.55 8.23 8.24 9.49 9.58 8.39
Tax % 29.63% 28.38% 36.09% 42.02% 29.27% 23.69% 30.83% 28.13% 29.33% 30.27%
Net Profit 1.72 4.35 5.26 3.26 5.34 6.27 5.71 6.82 6.77 5.85
EPS in Rs 1.55 3.91 4.73 2.93 4.80 5.26 4.79 5.72 5.68 4.91
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
71 96 100 104 133 131 145 210 102 188 203 279 300
71 95 101 101 129 127 143 193 73 144 168 240 255
Operating Profit -0 0 -0 4 4 4 3 17 29 44 35 39 45
OPM % -0% 0% -0% 4% 3% 3% 2% 8% 28% 23% 17% 14% 15%
2 1 3 1 1 1 1 2 3 6 6 8 6
Interest 1 0 1 3 3 2 1 2 5 10 10 6 7
Depreciation 0 0 0 0 1 1 1 1 1 8 8 8 9
Profit before tax 1 1 1 1 2 2 2 16 27 32 22 34 36
Tax % 35% 33% 32% 34% 34% 36% 33% 38% 28% 28% 35% 28%
Net Profit 1 0 1 1 1 1 1 10 19 23 15 24 25
EPS in Rs 5.93 2.42 4.68 5.44 6.14 5.42 6.40 13.15 17.13 20.97 13.10 20.26 21.10
Dividend Payout % 28% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 11%
5 Years: 14%
3 Years: 40%
TTM: 16%
Compounded Profit Growth
10 Years: 54%
5 Years: 77%
3 Years: 7%
TTM: 25%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 49%
1 Year: -23%
Return on Equity
10 Years: 16%
5 Years: 17%
3 Years: 13%
Last Year: 12%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
1 1 2 2 2 2 2 8 11 11 11 12 12
Reserves 4 4 6 7 8 11 12 17 93 116 134 256 269
6 6 11 12 4 5 0 18 24 119 85 108 153
18 35 8 1 3 3 8 3 5 42 24 19 19
Total Liabilities 29 47 27 22 17 21 23 45 133 289 254 396 453
1 1 3 3 3 3 3 3 6 51 57 55 93
CWIP 1 1 -0 -0 -0 0 -0 1 16 -0 -0 42 29
Investments 5 0 0 0 0 0 0 -0 -0 -0 -0 -0 -0
21 44 23 19 14 18 20 41 112 237 197 299 331
Total Assets 29 47 27 22 17 21 23 45 133 289 254 396 453

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-0 2 -11 -11 -60 33 -33
-0 2 -1 -50 -10 11 -35
-0 -1 16 62 85 -45 117
Net Cash Flow -0 3 3 2 15 -0 49

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 59 125 21 11 3 1 3 3 50 32 40 33
Inventory Days 3 31 10 18 6 37 273 669 391 535
Days Payable 64 2 5 5 21 0 11 147 24 24
Cash Conversion Cycle -3 125 21 40 8 14 -13 40 312 553 408 544
Working Capital Days -11 -5 36 39 9 13 -11 33 178 286 255 274
ROCE % 22% 7% 16% 21% 27% 24% 17% 62% 37% 22% 14% 13%

Shareholding Pattern

Numbers in percentages

Sep 2018 Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
85.99 61.03 61.30 61.33 61.33 61.33 61.33 57.26 57.26 57.26 57.26 57.26
0.00 0.00 0.00 0.06 0.18 0.67 0.57 2.29 2.40 2.40 2.40 2.44
0.00 0.00 0.00 0.01 0.00 0.00 0.00 3.36 3.40 3.40 3.40 3.46
14.01 38.97 38.70 38.60 38.49 38.00 38.10 37.09 36.94 36.94 36.94 36.84

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

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