Manorama Industries Ltd

NSE: MANORAMA · Other Food Products · sector

₹1,776.00NSE close 2026-10-26

Key numbers

Market cap₹10,604 cr

Price₹1,776.00

52w high / low₹2,150 / ₹1,061

P/E41.3xSector median 14.2x

P/B15.5xSector median 1.8x

Book value₹114.2

Dividend yield0.03%Sector median 0.34%

ROE45.0%Sector median 13.4%

ROCE37.6%Sector median 15.4%

OPM26.7%Sector median 8.2%

Debt / equity0.52xSector median 0.33x

EV/EBITDA27.5xSector median 12.1x

Interest cover9.4x

Current ratio1.97x

Sales growth 3y+57.4%Sector median +8.2%

Profit growth 3y+96.2%Sector median +15.2%

PEG0.43x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 27 companies in Other Food Products (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹94 cr vs borrowings ₹356 cr (FY26): borrowings are higher by ₹262 cr.
Operating profit covered interest 9.4x in the last 12 months.
Promoter holding fell by 2.94 percentage points in a year, to 51.38% (2026-09-30).
Operating cash flow was below net profit in 2 of the last 4 years (FY25, FY24).
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 8% of net profit in the last 12 months.
Debtor days went from 33 (FY24) to 17 (FY26).
Dividend paid in 3 of the last 4 financial years.
Price ₹1,776.00 on 2026-10-26: -17.4% from the 52-week high, +67.5% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹2,093.30 · low ₹773.60

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	195	209	233	290	323	363	391	404
EBITDA	44	54	61	75	88	104	97	106
OPM %	22.6%	25.9%	26.3%	25.8%	27.2%	28.7%	24.9%	26.3%
Other income	3	4	10	6	0	12	-7	16
Net profit	26	30	40	47	53	72	52	79
EPS (₹)	4.32	5.11	6.72	7.87	8.91	12.10	8.79	13.17
Revenue YoY					+65.4%	+73.3%	+68.1%	+39.5%
Profit YoY					+106.8%	+137.2%	+31.0%	+67.6%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY23	FY24	FY25	FY26	TTM
Revenue	351	457	771	1,367	1,481
EBITDA	56	74	186	361	396
Net profit	30	40	110	225	257
EPS (₹)	5.00	6.73	18.42	37.67	42.97
Revenue growth		+30.3%	+68.6%	+77.3%	+59.8%
Profit growth		+34.7%	+173.7%	+104.9%	+79.2%
Dividend / share (₹)	–	2.00	0.40	0.60

Compounded growth	3 years	5 years	Last 12 months
Sales	+57.4%	–	+59.8%
Net profit	+96.2%	–	+79.2%
EPS	+96.1%	–	–
Share price	–	+34.1% (2y)	+16.1%

Balance sheet

₹ cr	FY23	FY24	FY25	FY26
Shareholders' equity	298	337	460	682
Borrowings	110	346	482	356
Cash & equivalents	60	88	98	94
Total assets	424	737	983	1,200
Fixed assets	97	129	175	193
Capital work in progress	49	41	2	18
Investments	0	0	0	0
Receivables	28	42	102	62
Inventory	158	389	550	728
Payables	4	40	14	91

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY23	FY24	FY25	FY26
Cash from operations	59	-154	-57	250
Cash from investing	-99	-62	-34	-78
Cash from financing	-7	214	93	-165
Capex	51	39	32	55
Free cash flow	8	-193	-89	196

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY23	FY24	FY25	FY26
ROE %	10.0%	11.9%	23.9%	33.0%
ROCE %	12.7%	10.7%	19.7%	33.3%
Debtor days	29	33	48	17
Inventory days	267	568	505	362
Payable days	7	59	13	45
Cash conversion cycle (days)	289	542	540	334
Working capital days	181	170	150	123

Shareholding

Holder	% (2026-09-30)
Promoters	51.38%
FIIs	4.16%
DIIs	6.40%
of which Mutual funds	2.94%
of which Insurance	0.03%
Public (non-institutions)	38.05%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	54.42%	54.42%	54.41%	54.32%	54.32%	54.32%	54.32%	51.38%

Promoter group	%
Ashish Ramesh Saraf	43.68%
Vinita Ashish Saraf	7.24%
Agastya Saraf	0.24%
Shrey Ashish Saraf	0.24%
Bidyadevi Agarwal	0.00%

Public holders above 1%	%
Ritu Saraf	6.71%
Prasoon Bhatt	2.38%
Vaidyanath Balasubramanian	2.15%
Mahesh Shivanand Desai	2.00%
Sanjay Katkar	1.75%
Vq Fastercap Fund	1.08%

40,805 shareholders. Pledged: – of promoter shares.

Peers in Other Food Products

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
EIDPARRY	₹11,064 cr	23.8x	1.3x	5.6%	20.4%	7.5%	+3.0%	2.09%
MANORAMA	₹10,604 cr	41.3x	15.5x	45.0%	37.6%	26.7%	+57.4%	0.03%
ORKLAINDIA	₹7,091 cr	24.1x	2.6x	10.7%	14.6%	15.7%	–	–
KRISHIVAL	₹791 cr	33.3x	4.1x	13.4%	14.8%	9.8%	–	0.06%
HEXAGON	₹741 cr	17.6x	3.2x	16.3%	20.9%	13.8%	–	–
PAJSON	₹707 cr	23.2x	6.3x	22.1%	32.0%	14.3%	–	–
APIS	₹367 cr	2.8x	1.9x	12.8%	14.2%	9.2%	+5.6%	–
CHEMKART	₹279 cr	14.2x	2.4x	16.7%	24.1%	13.1%	–	–
MNFL	₹192 cr	13.8x	3.6x	21.8%	30.8%	12.8%	–	–
WARDWIZFBL	₹184 cr	34.0x	2.2x	5.3%	6.8%	4.3%	+212.2%	–

All 27 companies in Other Food Products →

Dividends & corporate actions

Ex-date	Action	Detail
2026-09-11	Dividend	Dividend - Re 0.80 Per Share
2025-08-21	Dividend	Dividend - Rs 0.60 Per Share
2024-08-27	Dividend	Annual General Meeting/Dividend - Re 0.40 Per Share
2024-03-07	Split	Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share
2023-09-11	Dividend	Annual General Meeting/Dividend - Rs 2 Per Share
2022-09-09	Other	Annual General Meeting

Documents

Links go to the original files on the exchange website.

About the company

Manufacturing: Oil, Fats and Butter Industry


Sector	Fast Moving Consumer Goods
Industry	Other Food Products
Sub-industry	Other Food Products
Symbol	MANORAMA
BSE code	541974
ISIN	INE00VM01036
Face value	₹2.0
Incorporated	2005-08-09
Website	www.manoramagroup.co.in
Plants (India / abroad)	1 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.