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Nifty
Sensex

:
:

23398.10
74781.76

-79.70 (-0.34%)
-120.83 (-0.16%)

Manorama Industries Ltd.

Solvent Extraction

Rating :

74/99

BSE: 541974 | NSE: MANORAMA

Watchlist

NSE BSE

2055.70

11-Sep-2026

Open
High
Low
Previous Close

2078.9
2080
2040.1
2085.00

Volume
Traded Value (lacs)
52 Week High
52 Week Low

120283
247409841.5
2149.5
1060.6

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

13,024.99
52.81
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

13,285.69
0.04%
10.34

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

25.03
37.22
43.75

EBITDA CAGR (%)

10 Years
5 Years
3 Years

63.10
56.68
37.98

PAT CAGR (%)

10 Years
5 Years
3 Years

67.03
57.40
79.82

P:E (Median)

8 Years
5 Years
3 Years

-
-
-

P:BV (Average)

8 Years
5 Years
3 Years

-
-
-

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
-
-

Earnings Forecasts:

(Updated: 12-09-2026)

Description 2026 2027 2028 2029
Adj EPS 66 -4 22.53 38
P/E Ratio 31.15 -513.93 91.24 54.10
Revenue 34.34 27.72 21.66 1308.3
EBITDA 1693.9 2143.9 2736.1 353.3
Net Income 435.5 552.3 684 228
ROA 275.6 340.05 434.2 -
P/B Ratio 4.46 3.68 4.61 17.92
ROE 9.89 7.22 5.57 30.5
FCFF 33.9 30.4 29.3 -
FCFF Yield - - - -
Net Debt - - - -
BVPS 460.9 558.3 446.2 114.7

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 403.96 289.55 39.51% 382.30 232.81 64.21% 362.54 209.21 73.29% 323.31 195.42 65.44%
Expenses 294.75 210.58 39.97% 279.44 168.90 65.45% 264.33 154.03 71.61% 235.63 150.21 56.87%
EBITDA 109.21 78.97 38.29% 102.85 63.90 60.95% 98.21 55.17 78.01% 87.68 45.21 93.94%
EBIDTM 27.04% 27.27% 26.90% 27.45% 27.09% 26.37% 27.12% 23.13%
Other Income 16.03 5.09 214.93% -5.33 9.06 - 10.96 1.94 464.95% 0.64 3.48 -81.61%
Interest 9.90 9.20 7.61% 9.31 11.95 -22.09% 11.26 10.94 2.93% 7.78 7.78 0.00%
Depreciation 6.12 5.72 6.99% 7.40 6.40 15.62% 6.39 5.99 6.68% 6.05 5.61 7.84%
PBT 109.21 69.15 57.93% 80.81 54.62 47.95% 91.52 40.18 127.78% 74.49 35.30 111.02%
Tax 27.63 18.57 48.79% 21.30 12.35 72.47% 23.27 10.65 118.50% 19.60 8.59 128.17%
PAT 81.59 50.58 61.31% 59.52 42.27 40.81% 68.24 29.53 131.09% 54.88 26.71 105.47%
PATM 20.20% 17.47% 15.57% 18.16% 18.82% 14.12% 16.98% 13.67%
EPS 13.67 8.47 61.39% 9.97 7.08 40.82% 11.43 4.95 130.91% 9.19 4.47 105.59%

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 404.01 289.55 39.53% 391.34 232.81 68.09% 362.54 209.21 73.29% 323.31 195.42 65.44%
Expenses 297.80 214.85 38.61% 306.74 171.55 78.81% 258.40 155.06 66.65% 235.39 151.18 55.70%
EBITDA 106.21 74.71 42.16% 84.60 61.25 38.12% 104.13 54.15 92.30% 87.92 44.23 98.78%
EBIDTM 26.29% 25.80% 21.62% 26.31% 28.72% 25.88% 27.19% 22.63%
Other Income 16.18 5.76 180.90% -7.09 9.52 - 11.60 3.91 196.68% 0.08 3.49 -97.71%
Interest 9.90 9.25 7.03% 6.48 11.96 -45.82% 13.42 10.94 22.67% 8.72 7.78 12.08%
Depreciation 6.16 5.73 7.50% 7.43 6.40 16.09% 6.42 6.00 7.00% 6.07 5.61 8.20%
PBT 106.33 65.49 62.36% 63.60 52.41 21.35% 95.89 41.11 133.25% 73.20 34.33 113.22%
Tax 27.67 18.55 49.16% 21.12 12.37 70.74% 23.62 10.65 121.78% 19.96 8.59 132.36%
PAT 78.66 46.94 67.58% 42.48 40.04 6.09% 72.27 30.46 137.26% 53.24 25.74 106.84%
PATM 19.47% 16.21% 10.86% 17.20% 19.93% 14.56% 16.47% 13.17%
EPS 13.17 7.87 67.34% 7.11 6.72 5.80% 12.10 5.11 136.79% 8.92 4.32 106.48%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Net Sales 1,472.11 1,357.70 770.84 457.08 350.80 279.12 202.63 188.24 102.40 219.35 145.48 Net Sales Growth 58.81% 76.13% 68.64% 30.30% 25.68% 37.75% 7.64% 83.83% -53.32% 50.78% Cost Of Goods Sold 817.83 729.00 388.17 242.49 211.38 149.83 116.43 83.11 44.06 176.64 124.62 Gross Profit 654.28 628.69 382.67 214.59 139.42 129.29 86.19 105.13 58.33 42.71 20.87 GP Margin 44.44% 46.31% 49.64% 46.95% 39.74% 46.32% 42.54% 55.85% 56.96% 19.47% 14.35% Total Expenditure 1,074.15 989.99 580.05 383.56 294.35 240.18 167.96 144.40 74.12 203.62 142.72 Power & Fuel Cost - 36.65 29.61 19.89 16.26 11.15 9.47 4.29 0.41 0.36 0.39 % Of Sales - 2.70% 3.84% 4.35% 4.64% 3.99% 4.67% 2.28% 0.40% 0.16% 0.27% Employee Cost - 61.31 47.92 19.53 12.82 9.64 7.52 6.91 3.50 2.99 2.98 % Of Sales - 4.52% 6.22% 4.27% 3.65% 3.45% 3.71% 3.67% 3.42% 1.36% 2.05% Manufacturing Exp. - 73.83 39.67 44.40 20.17 36.27 15.49 26.86 14.29 11.49 7.09 % Of Sales - 5.44% 5.15% 9.71% 5.75% 12.99% 7.64% 14.27% 13.96% 5.24% 4.87% General & Admin Exp. - 46.31 35.36 28.06 16.81 11.39 8.51 11.44 5.95 3.50 3.62 % Of Sales - 3.41% 4.59% 6.14% 4.79% 4.08% 4.20% 6.08% 5.81% 1.60% 2.49% Selling & Distn. Exp. - 34.20 31.77 25.98 14.90 20.30 9.03 10.87 4.26 4.14 4.01 % Of Sales - 2.52% 4.12% 5.68% 4.25% 7.27% 4.46% 5.77% 4.16% 1.89% 2.76% Miscellaneous Exp. - 8.69 7.55 3.21 2.02 1.60 1.49 0.92 1.64 4.49 4.01 % Of Sales - 0.64% 0.98% 0.70% 0.58% 0.57% 0.74% 0.49% 1.60% 2.05% 0.01% EBITDA 397.95 367.71 190.79 73.52 56.45 38.94 34.67 43.84 28.28 15.73 2.76 EBITDA Margin 27.03% 27.08% 24.75% 16.08% 16.09% 13.95% 17.11% 23.29% 27.62% 7.17% 1.90% Other Income 22.30 11.36 18.83 13.15 6.12 8.24 6.15 5.95 3.64 2.65 0.91 Interest 38.25 37.55 39.16 19.89 8.66 5.77 10.49 9.77 4.55 1.75 0.80 Depreciation 25.96 25.56 22.12 13.61 10.85 7.89 7.96 7.66 0.81 0.71 0.82 PBT 356.03 315.96 148.33 53.17 43.06 33.51 22.36 32.37 26.56 15.92 2.05 Tax 91.80 82.74 36.28 13.06 13.28 9.37 7.78 9.03 7.50 5.99 0.67 Tax Rate 25.78% 26.19% 24.46% 24.56% 30.84% 27.96% 34.79% 27.90% 28.24% 37.63% 32.68% PAT 264.23 233.22 112.05 40.11 29.78 24.14 14.58 23.33 19.06 9.93 1.38 PAT before Minority Interest 264.23 233.22 112.05 40.11 29.78 24.14 14.58 23.33 19.06 9.93 1.38 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 17.95% 17.18% 14.54% 8.78% 8.49% 8.65% 7.20% 12.39% 18.61% 4.53% 0.95% PAT Growth 77.23% 108.14% 179.36% 34.69% 23.36% 65.57% -37.51% 22.40% 91.94% 619.57% EPS 44.26 39.07 18.77 6.72 4.99 4.04 2.44 3.91 3.19 1.66 0.23

Description TTM Mar 26 Mar 25
Net Sales 1,481.20 1,366.74 770.84 Net Sales Growth 59.79% 77.31% Cost Of Goods Sold 818.74 719.39 388.17 Gross Profit 662.46 647.34 382.67 GP Margin 44.72% 47.36% 49.64% Total Expenditure 1,098.33 1,005.41 584.70 Power & Fuel Cost - 36.79 29.64 % Of Sales - 2.69% 3.85% Employee Cost - 72.31 49.99 % Of Sales - 5.29% 6.49% Manufacturing Exp. - 73.99 41.86 % Of Sales - 5.41% 5.43% General & Admin Exp. - 52.54 36.87 % Of Sales - 3.84% 4.78% Selling & Distn. Exp. - 40.70 32.57 % Of Sales - 2.98% 4.23% Miscellaneous Exp. - 9.69 5.61 % Of Sales - 0.71% 0.73% EBITDA 382.86 361.33 186.14 EBITDA Margin 25.85% 26.44% 24.15% Other Income 20.77 10.35 21.27 Interest 38.52 37.87 39.19 Depreciation 26.08 25.65 22.13 PBT 339.02 308.16 146.08 Tax 92.37 83.24 36.29 Tax Rate 27.25% 27.01% 24.84% PAT 246.65 224.92 109.79 PAT before Minority Interest 246.65 224.92 109.79 Minority Interest 0.00 0.00 0.00 PAT Margin 16.65% 16.46% 14.24% PAT Growth 72.27% 104.86% EPS 41.31 37.68 18.39

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Shareholder's Funds 694.86 461.92 337.01 298.30 268.26 144.73 127.26 103.92 24.31 14.37 Share Capital 11.94 11.92 11.92 11.92 11.92 11.13 11.13 11.13 7.55 2.16 Total Reserves 681.38 433.42 323.86 286.16 256.34 133.60 116.13 92.80 16.76 12.21 Non-Current Liabilities 44.15 49.98 56.76 30.11 32.92 17.67 0.94 0.14 0.37 -0.34 Secured Loans 32.81 42.85 50.74 23.99 29.84 15.06 0.50 0.51 0.09 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 7.10 1.87 1.04 0.63 0.50 0.28 0.24 0.23 0.15 0.12 Current Liabilities 461.49 473.12 342.90 96.00 94.62 91.48 160.59 28.83 21.50 8.12 Trade Payables 79.74 14.31 40.14 4.04 8.15 7.40 32.99 1.47 1.03 7.17 Other Current Liabilities 59.22 25.00 17.21 10.50 10.32 10.40 3.34 1.56 0.35 0.85 Short Term Borrowings 313.45 426.60 285.39 80.44 73.46 69.69 118.52 23.50 17.82 0.01 Short Term Provisions 9.08 7.22 0.16 1.03 2.69 3.99 5.74 2.30 2.29 0.09 Total Liabilities 1,200.50 985.02 736.67 424.41 395.80 253.88 288.79 132.89 46.18 22.15 Net Block 195.27 176.02 129.33 96.63 55.32 56.60 51.38 6.33 3.26 2.51 Gross Block 281.20 237.63 169.39 123.08 71.10 64.56 63.94 11.24 7.46 6.89 Accumulated Depreciation 85.93 61.61 40.06 26.45 15.79 7.96 12.57 4.91 4.20 4.38 Non Current Assets 275.36 193.50 180.69 154.12 116.26 73.74 62.88 35.19 4.57 2.58 Capital Work in Progress 18.22 4.70 41.91 50.17 41.58 0.00 0.00 15.51 0.69 0.00 Non Current Investment 10.28 0.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 Long Term Loans & Adv. 3.52 7.37 5.44 3.75 13.43 1.23 1.36 6.12 0.62 0.06 Other Non Current Assets 48.07 4.91 4.01 3.56 5.93 15.91 10.14 7.23 0.00 0.00 Current Assets 925.14 791.52 555.97 270.29 279.54 180.14 225.90 97.70 41.61 19.56 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 710.40 549.04 389.23 157.69 181.07 123.24 150.06 37.00 18.03 1.90 Sundry Debtors 56.27 101.73 41.82 27.58 25.09 22.36 16.26 14.16 1.64 1.07 Cash & Bank 91.36 96.18 87.54 59.94 53.04 17.41 36.37 42.39 19.12 15.74 Other Current Assets 67.10 3.33 4.12 2.91 20.34 17.14 23.22 4.16 2.81 0.85 Short Term Loans & Adv. 63.83 41.24 33.26 22.16 18.77 15.95 12.67 1.35 2.72 0.74 Net Current Assets 463.64 318.39 213.07 174.29 184.92 88.66 65.32 68.88 20.11 11.44 Total Assets 1,200.50 985.02 736.66 424.41 395.80 253.88 288.78 132.89 46.18 22.14

Description Mar 26 Mar 25
Shareholder's Funds 682.13 459.72 Share Capital 11.94 11.92 Total Reserves 668.65 431.23 Non-Current Liabilities 44.15 49.98 Secured Loans 32.81 42.85 Unsecured Loans 0.00 0.00 Long Term Provisions 7.10 1.87 Current Liabilities 473.23 473.62 Trade Payables 90.82 14.49 Other Current Liabilities 60.59 25.31 Short Term Borrowings 312.74 426.60 Short Term Provisions 9.08 7.22 Total Liabilities 1,199.51 983.32 Net Block 196.08 176.15 Gross Block 282.11 237.77 Accumulated Depreciation 86.03 61.62 Non Current Assets 265.88 193.14 Capital Work in Progress 18.22 4.70 Non Current Investment 0.00 0.00 Long Term Loans & Adv. 3.52 7.37 Other Non Current Assets 48.07 4.91 Current Assets 933.62 790.18 Current Investments 0.00 0.00 Inventories 727.78 550.48 Sundry Debtors 62.49 101.73 Cash & Bank 93.87 98.35 Other Current Assets 49.48 3.50 Short Term Loans & Adv. 44.97 36.13 Net Current Assets 460.39 316.56 Total Assets 1,199.50 983.32

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Cash From Operating Activity 259.37 -58.73 -153.50 59.28 -33.36 33.49 -60.08 -10.95 -11.28 10.66 PBT 315.96 148.33 53.17 43.06 33.51 22.36 32.37 26.56 15.92 2.05 Adjustment 60.77 69.55 28.66 16.50 12.13 16.42 14.59 2.32 1.43 0.68 Changes in Working Capital -36.15 -247.16 -220.38 11.73 -67.62 3.29 -102.25 -33.64 -25.24 8.92 Cash after chg. in Working capital 340.57 -29.28 -138.55 71.28 -21.97 42.07 -55.29 -4.76 -7.88 11.64 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -81.21 -29.45 -14.95 -12.00 -11.39 -8.58 -4.79 -6.19 -3.40 -0.98 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -87.25 -33.99 -62.09 -99.47 -34.54 10.88 -9.99 -49.81 -0.85 0.33 Net Fixed Assets -57.09 -31.03 -38.05 -60.57 -48.12 -0.62 -37.19 -18.60 -1.26 -0.54 Net Investments -9.78 -0.50 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 Others -20.38 -2.46 -24.04 -38.90 13.58 11.50 27.20 -31.21 0.40 0.87 Cash from Financing Activity -165.18 92.79 214.12 -7.12 116.69 -44.57 85.27 62.50 15.51 -5.44 Net Cash Inflow / Outflow 6.95 0.07 -1.47 -47.31 48.79 -0.20 15.19 1.74 3.39 5.55 Opening Cash & Equivalents 0.49 0.42 1.88 49.19 0.40 0.60 2.18 0.43 15.74 10.18 Closing Cash & Equivalent 7.43 0.49 0.42 1.88 49.19 0.40 17.37 2.18 19.12 15.74

Description Mar 26 Mar 25
Cash From Operating Activity 250.42 -56.90 PBT 308.16 146.08 Adjustment 58.95 69.65 Changes in Working Capital -34.98 -243.17 Cash after chg. in Working capital 332.13 -27.43 Interest Paid 0.00 0.00 Tax Paid -81.71 -29.46 Other Direct Exp. Paid 0.00 0.00 Extra & Other Items 0.00 0.00 Cash From Investing Activity -78.23 -33.64 Net Fixed Assets -57.09 Net Investments -9.78 Others -11.36 Cash from Financing Activity -164.90 92.77 Net Cash Inflow / Outflow 7.29 2.24 Opening Cash & Equivalents 2.65 0.42 Closing Cash & Equivalent 9.94 2.65

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Book Value (Rs.) 116.12 74.72 56.34 50.01 225.05 130.06 114.36 93.39 32.20 66.61 ROA 21.34% 13.02% 6.91% 7.26% 7.43% 5.37% 11.07% 21.29% 29.07% 6.54% ROE 40.96% 28.69% 12.66% 10.52% 11.69% 10.72% 20.19% 29.73% 51.36% 10.05% ROCE 35.49% 23.06% 13.39% 13.18% 12.95% 13.78% 22.47% 36.46% 62.30% 17.57% Fixed Asset Turnover 5.23 3.79 3.13 3.61 4.11 3.15 5.01 10.95 30.57 22.15 Receivable days 21.24 33.99 27.71 27.40 31.02 34.78 29.49 28.16 2.26 1.81 Inventory Days 169.29 222.14 218.37 176.23 198.97 246.15 181.35 98.08 16.59 9.30 Payable days 23.54 25.60 33.25 10.53 18.94 63.30 31.77 5.25 7.05 11.63 Cash Conversion Cycle 166.99 230.53 212.84 193.11 211.05 217.63 179.08 120.99 11.79 -0.52 Total Debt/Equity 0.51 1.08 1.03 0.37 0.40 0.59 0.94 0.24 0.74 0.01 Interest Cover 9.41 4.79 3.67 5.97 6.80 3.13 4.31 6.84 10.11 3.56

Description Mar 26 Mar 25
Book Value (Rs.) 113.99 74.35 ROA 20.61% 11.17% ROE 40.03% 24.78% ROCE 35.00% 19.70% Fixed Asset Turnover 5.26 3.24 Receivable days 21.93 48.17 Inventory Days 170.69 260.66 Payable days 26.71 13.62 Cash Conversion Cycle 165.90 295.20 Total Debt/Equity 0.52 1.09 Interest Cover 9.14 4.73

Top Investors:

vaidyanath balasubramanian

mahesh shivanand desai

aditya birla sun life trustee private limited a/c aditya birla sun life small cap fund

vijay balkrishna pusalkar

Annual Reports:

News Update:

Manorama Industries gets nod to incorporate wholly owned subsidiary in Chad
10th Jul 2026, 11:30 AM

The Board of Directors of the Company at their meeting held on July 09, 2026, has approved the same
Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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