Manorama Industries Ltd
Manorama Industries is engaged in manufacturing specialty fats and butter made from exotic seeds and nuts. [1]
- Market Cap ₹ 7,594 Cr.
- Current Price ₹ 1,272
- High / Low ₹ 1,774 / 850
- Stock P/E 35.5
- Book Value ₹ 94.2
- Dividend Yield 0.05 %
- ROCE %
- ROE 23.9 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 13.5 times its book value
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | TTM | |
|---|---|---|
| 771 | 1,208 | |
| 584 | 880 | |
| Operating Profit | 186 | 328 |
| OPM % | 24% | 27% |
| 21 | 28 | |
| Interest | 39 | 42 |
| Depreciation | 22 | 25 |
| Profit before tax | 146 | 288 |
| Tax % | 25% | |
| 110 | 214 | |
| EPS in Rs | 18.42 | 35.88 |
| Dividend Payout % | 3% |
| Compounded Sales Growth | |
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| Stock Price CAGR | |
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| 10 Years: | % |
| 5 Years: | 54% |
| 3 Years: | 80% |
| 1 Year: | 23% |
| Return on Equity | |
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| Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Sep 2025 | |
|---|---|---|
| Equity Capital | 12 | 12 |
| Reserves | 448 | 551 |
| 482 | 376 | |
| 41 | 85 | |
| Total Liabilities | 983 | 1,024 |
| 176 | 195 | |
| CWIP | 5 | 5 |
| Investments | 0 | 0 |
| 802 | 823 | |
| Total Assets | 983 | 1,024 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | |
|---|---|
| -57 | |
| -34 | |
| 93 | |
| Net Cash Flow | 2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | |
|---|---|
| Debtor Days | 48 |
| Inventory Days | 518 |
| Days Payable | 14 |
| Cash Conversion Cycle | 552 |
| Working Capital Days | 103 |
| ROCE % |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 (P) | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fractionation Capacity TPA |
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| Refinery Capacity TPA |
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| Extraction Plant Capacity TPA |
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| Export Share of Total Revenue % |
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| Capacity Utilization (Fractionation Plant) % |
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| Raw Material Seed Collection Centres Numbers |
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| Sales Mix - Value Added Products Share % |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16m - Newspaper Publication with respect to completion of dispatch of Postal Ballot Notice.
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
21h - Approval sought to raise up to INR 500 crore via QIP/other issuances; e-voting Mar 21–Apr 19, 2026.
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Board Meeting Outcome for Outcome Of Board Meeting Held On Thursday, March 12, 2026 Regarding Fund Raising Through QIP
12 Mar - Board approved raising up to ₹500 crore via QIP; postal ballot cut-off Mar 13, 2026.
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Board Meeting Intimation for Raising Funds Through Qualified Institutions Placement Or Through Any Other Permissible Modes As Permitted Under Applicable Laws By Issuance Of Securities.
9 Mar - Board meeting on 12 Mar 2026 to consider securities issuance (QIP/other) and postal ballot for fundraising.
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
2 Mar - Postal ballot: Re-appoint Nipun Mehta (5-year) and increase Deputy CEO remuneration; passed Mar 1, 2026.
Annual reports
Concalls
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Jan 2026Transcript PPT REC
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Oct 2025Transcript PPT REC
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Jul 2025TranscriptAI SummaryPPT
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May 2025Transcript PPT REC
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Jan 2025Transcript PPT
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Oct 2024TranscriptAI SummaryPPT
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Aug 2024Transcript PPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Jan 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jul 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Apr 2021TranscriptAI SummaryPPT
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.