Manorama Industries Ltd

Manorama Indust. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Manorama Industries Ltd

₹ 2,013 -1.27%
05 Dec - close price
manoramagroup.co.in BSE: 541974 NSE : MANORAMA
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]

Website BSE NSE
  • Market Cap ₹ 2,399 Cr.
  • Current Price ₹ 2,013
  • High / Low ₹ 2,400 / 894
  • Stock P/E 64.3
  • Book Value ₹ 265
  • Dividend Yield 0.10 %
  • ROCE 13.2 %
  • ROE 10.5 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 7.59 times its book value
  • Company has a low return on equity of 11.0% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 2.67% of profits 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

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
46.98 64.95 61.05 61.60 71.14 68.73 77.64 72.97 80.71 95.38 101.74 111.56 117.73
36.31 53.58 53.56 52.35 61.85 59.88 66.10 60.36 68.57 80.17 85.26 92.92 99.24
Operating Profit 10.67 11.37 7.49 9.25 9.29 8.85 11.54 12.61 12.14 15.21 16.48 18.64 18.49
OPM % 22.71% 17.51% 12.27% 15.02% 13.06% 12.88% 14.86% 17.28% 15.04% 15.95% 16.20% 16.71% 15.71%
1.61 1.48 2.49 1.09 2.65 2.98 1.52 0.66 0.95 1.22 3.30 3.19 2.10
Interest 4.19 2.52 2.27 0.99 1.75 1.53 1.50 1.84 2.07 2.34 2.41 2.38 5.10
Depreciation 2.03 2.10 2.07 1.80 1.96 2.06 2.07 1.85 2.63 3.13 3.24 2.99 3.28
Profit before tax 6.06 8.23 5.64 7.55 8.23 8.24 9.49 9.58 8.39 10.96 14.13 16.46 12.21
Tax % 28.38% 36.09% 42.02% 29.27% 23.69% 30.83% 28.13% 29.33% 30.27% 34.67% 29.30% 29.83% 29.57%
4.35 5.26 3.26 5.34 6.27 5.71 6.82 6.77 5.85 7.16 10.00 11.55 8.61
EPS in Rs 3.91 4.73 2.93 4.80 5.26 4.79 5.72 5.68 4.91 6.01 8.39 9.69 7.22
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
96 100 104 133 131 145 210 102 188 203 279 351 426
95 101 101 129 127 143 193 73 144 168 240 294 358
Operating Profit 0 -0 4 4 4 3 17 29 44 35 39 56 69
OPM % 0% -0% 4% 3% 3% 2% 8% 28% 23% 17% 14% 16% 16%
1 3 1 1 1 1 2 3 6 6 8 6 10
Interest 0 1 3 3 2 1 2 5 10 10 6 9 12
Depreciation 0 0 0 1 1 1 1 1 8 8 8 11 13
Profit before tax 1 1 1 2 2 2 16 27 32 22 34 43 54
Tax % 33% 32% 34% 34% 36% 33% 38% 28% 28% 35% 28% 31%
0 1 1 1 1 1 10 19 23 15 24 30 37
EPS in Rs 2.42 4.68 5.44 6.14 5.42 6.40 13.15 17.13 20.97 13.10 20.26 24.98 31.31
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% 8%
Compounded Sales Growth
10 Years: 13%
5 Years: 11%
3 Years: 23%
TTM: 42%
Compounded Profit Growth
10 Years: 44%
5 Years: 24%
3 Years: 9%
TTM: 48%
Stock Price CAGR
10 Years: %
5 Years: 59%
3 Years: 49%
1 Year: 87%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 11%
Last Year: 10%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1 2 2 2 2 2 8 11 11 11 12 12 12
Reserves 4 6 7 8 11 12 17 93 116 134 256 286 304
6 11 12 4 5 0 18 24 119 85 108 110 248
35 8 1 3 3 8 3 5 42 24 19 16 34
Total Liabilities 47 27 22 17 21 23 45 133 289 254 396 424 599
1 3 3 3 3 3 3 6 51 57 55 97 107
CWIP 1 -0 -0 -0 0 -0 1 16 -0 -0 42 50 50
Investments 0 0 0 0 0 0 -0 -0 -0 -0 -0 -0 -0
44 23 19 14 18 20 41 112 237 197 299 278 442
Total Assets 47 27 22 17 21 23 45 133 289 254 396 424 599

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2 -11 -11 -60 33 -33 59
2 -1 -50 -10 11 -35 -99
-1 16 62 85 -45 117 -7
Net Cash Flow 3 3 2 15 -0 49 -47

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 125 21 11 3 1 3 3 50 32 40 33 29
Inventory Days 31 10 18 6 37 273 669 391 535 302
Days Payable 2 5 5 21 0 11 147 24 24 8
Cash Conversion Cycle 125 21 40 8 14 -13 40 312 553 408 544 323
Working Capital Days -5 36 39 9 13 -11 33 178 286 255 275 208
ROCE % 7% 16% 21% 27% 24% 17% 62% 37% 22% 14% 13% 13%

Shareholding Pattern

Numbers in percentages

Sep 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
61.33% 61.33% 61.33% 57.26% 57.26% 57.26% 57.26% 57.26% 57.26% 57.26% 57.26% 57.26%
0.18% 0.67% 0.57% 2.29% 2.40% 2.40% 2.40% 2.44% 2.20% 2.26% 2.60% 2.80%
0.00% 0.00% 0.00% 3.36% 3.40% 3.40% 3.40% 3.46% 3.46% 3.46% 3.40% 3.27%
38.49% 38.00% 38.10% 37.09% 36.94% 36.94% 36.94% 36.84% 37.09% 37.02% 36.75% 36.69%
No. of Shareholders 4246981,0032,8903,5574,0964,4005,3675,8996,3676,4996,712

* 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.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls

  • Nov 2023
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  • Aug 2023
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  • May 2023
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  • Jan 2023
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  • Nov 2022
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  • May 2022
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  • Nov 2021
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  • Aug 2021
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  • Jul 2021
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  • Jun 2021
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  • Jun 2021
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  • Apr 2021
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