Manugraph India Limited
NSE: MANUGRAPH · Industrial Products · sector
₹14.79NSE close 2026-10-26
Key numbers
Market cap₹64 cr
Price₹14.79
52w high / low₹24 / ₹10
P/E–Sector median 24.2x
P/B1.1xSector median 2.8x
Book value₹13.5
Dividend yield–Sector median 0.50%
ROE10.0%Sector median 11.5%
ROCE10.8%Sector median 13.4%
OPM8.9%Sector median 10.3%
Debt / equity0.05xSector median 0.17x
EV/EBITDA8.7xSector median 16.7x
Interest cover10.2x
Current ratio1.04x
Sales growth 3y+3.7%Sector median +10.2%
Profit growth 3y–Sector median +12.8%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 152 companies in Industrial Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹3 cr vs borrowings ₹3 cr (FY26): borrowings are higher by ₹0 cr.
- Operating profit covered interest 10.2x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY26).
- Net loss in 5 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 3% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹14.79 on 2026-10-26: -39.0% from the 52-week high, +53.3% 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 ₹24.73 · low ₹10.87
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 6 | 28 | 32 | 14 | 18 | 25 | 26 |
| EBITDA | -17 | -4 | -0 | 8 | -1 | 1 | 0 | 7 |
| OPM % | -138.9% | -63.8% | -1.6% | 24.3% | -5.8% | 5.3% | 1.5% | 26.6% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | -18 | -5 | -1 | 7 | -1 | 0 | -1 | 7 |
| EPS (₹) | -2.22 | -1.47 | -0.30 | 1.62 | -0.24 | 0.18 | -0.30 | -0.67 |
| Revenue YoY | +14.4% | +176.0% | -10.2% | -18.8% | ||||
| Profit YoY | – | – | – | +9.2% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 46 | 80 | 66 | 59 | 89 | 83 |
| EBITDA | -14 | -8 | -17 | -24 | 8 | 7 |
| Net profit | -15 | -11 | -20 | -27 | 5 | 6 |
| EPS (₹) | -4.67 | -3.71 | -6.53 | -4.90 | 1.26 | -1.03 |
| Revenue growth | +72.8% | -17.4% | -9.7% | +49.4% | +5.5% | |
| Profit growth | – | – | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +3.7% | +24.5% | +5.5% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -17.6% (2y) | -35.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 99 | 80 | 53 | 58 |
| Borrowings | – | 10 | 18 | 7 | 3 |
| Cash & equivalents | – | 2 | 0 | 3 | 3 |
| Total assets | – | 172 | 151 | 142 | 137 |
| Fixed assets | – | 89 | 88 | 85 | 77 |
| Capital work in progress | – | – | – | 0 | 0 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 2 | 1 | 6 | 1 |
| Inventory | – | 60 | 44 | 31 | 33 |
| Payables | – | 23 | 16 | 13 | 14 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -1 | -6 | -7 | -15 | 1 |
| Cash from investing | 4 | 17 | 0 | 15 | 3 |
| Cash from financing | -4 | -10 | 5 | -13 | -5 |
| Capex | 0 | 1 | 0 | 0 | 0 |
| Free cash flow | -1 | -6 | -7 | -15 | 1 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -11.4% | -24.9% | -50.1% | 8.5% |
| ROCE % | – | -7.5% | -18.0% | -40.1% | 12.4% |
| Debtor days | – | 11 | 7 | 37 | 5 |
| Inventory days | – | 384 | 329 | 277 | 249 |
| Payable days | – | 144 | 123 | 116 | 102 |
| Cash conversion cycle (days) | – | 251 | 213 | 198 | 152 |
| Working capital days | – | 100 | 18 | -38 | 7 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 57.67% |
| DIIs | 1.62% |
| of which Mutual funds | 0.00% |
| of which Insurance | 0.51% |
| Government | 0.00% |
| Public (non-institutions) | 40.71% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 57.67% | 57.67% | 57.67% | 57.67% | 57.67% | 57.67% | 57.67% | 57.67% |
| Promoter group | % |
|---|---|
| Multigraph Machinery Co PVT Ltd | 19.74% |
| Pradeep Sanat Shah HUF | 13.67% |
| Sanjay Sanat Shah HUF | 12.38% |
| Sanjay Sanat Shah | 3.80% |
| Ameeta Shah | 3.57% |
| Rupalli Pradeep Shah | 2.92% |
| Aditya Sanjay Shah | 0.92% |
| Arrmaan Ralhan | 0.53% |
| Sudha Sanat Shah | 0.09% |
| Kushal Sanjay Shah | 0.05% |
| Rashee Pradeep Shah | 0.00% |
| Pradeep Sanat Shah | 0.00% |
| Public holders above 1% | % |
|---|---|
| Minal Bharat Patel | 2.06% |
| Investor Education and Protection Fund Authority Ministry of Corporate Affairs | 1.80% |
| East India Securities Ltd | 1.79% |
| ANU Narayan | 1.44% |
| Valley Distributors LLP | 1.26% |
| Finquest Financial Solutions PVT. Ltd. | 1.11% |
| Ayyapankue Venkateswar Narayan | 1.07% |
12,254 shareholders. Pledged: 0.00% of promoter shares.
Peers in Industrial Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| INDOMIM | ₹52,085 cr | – | – | – | – | – | – | – |
| CPPLUS | ₹45,577 cr | 94.7x | 24.3x | 25.5% | 33.3% | 14.5% | – | 0.04% |
| SYRMA | ₹28,803 cr | 77.7x | 10.1x | 17.4% | 17.6% | 11.1% | +33.0% | 0.10% |
| HONAUT | ₹27,500 cr | 50.1x | 6.2x | 13.0% | 16.9% | 13.3% | +10.7% | 0.34% |
| KAYNES | ₹22,167 cr | 64.0x | 4.7x | 9.1% | 11.1% | 15.5% | +47.7% | – |
| JYOTICNC | ₹20,523 cr | 63.8x | 10.3x | 17.4% | 18.5% | 24.4% | – | – |
| LMW | ₹17,267 cr | 84.2x | 5.7x | 7.0% | 9.3% | 7.1% | -12.1% | 0.19% |
| TEGA | ₹12,752 cr | 447.9x | 3.7x | 0.9% | 4.5% | 7.5% | +11.7% | 0.11% |
| LLOYDSENGG | ₹12,248 cr | 48.1x | 7.3x | 14.1% | 15.1% | 14.2% | +60.9% | 0.27% |
| MANUGRAPH | ₹64 cr | – | 1.1x | 10.0% | 10.8% | 8.9% | +3.7% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-20 | Other | Annual General Meeting |
| 2023-09-20 | Other | Annual General Meeting |
| 2022-09-20 | Other | Annual General Meeting |
| 2021-09-21 | Other | Annual General Meeting |
| 2020-09-14 | Other | Annual General Meeting |
| 2019-12-04 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2018-07-20 | Dividend | Annual General Meeting/Dividend- Re 0.60 Per Share |
| 2017-07-19 | Dividend | Dividend- Re. 0.50 Per Share |
| 2016-07-18 | Dividend | Annual General Meeting/ Dividend - Re 1/- Per Share |
| 2015-08-05 | Dividend | Annual General Meeting / Dividend - Re 0.50/- Per Share |
| 2014-08-13 | Dividend | Annual General Meeting / Dividend - Re 1/- Per Share |
| 2013-07-18 | Dividend | Annual General Meeting And Dividend Rs.1.50 Per Share |
| 2012-07-12 | Dividend | Annual General Meeting/Dividend Rs 2.50 Per Share |
| 2011-09-08 | Dividend | Annual General Meeting And Dividend Rs.1.50 Per Share |
| 2010-09-16 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2009-09-10 | Other | Agm/Div-Rs.2/- Per Share |
| 2008-08-14 | Other | Final Div- Rs.2 Per Share |
| 2007-11-16 | Other | Int Div-Rs.2.00 Per Sh |
| 2007-08-30 | Other | Fin Div-Re.1/- Per Sh |
| 2007-02-20 | Dividend | Interim Dividend-100% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Industrial Products |
| Sub-industry | Industrial Products |
| Symbol | MANUGRAPH |
| BSE code | 505324 |
| ISIN | INE867A01022 |
| Face value | ₹2.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.