Manorama Industries Ltd Stock Price Today (NSE: MANORAMA)

Manorama Industries Ltd

1604.5030.70 (1.88%)
Market Closed

Fundamental Score

...

Manorama Industries Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Manorama Industries Ltd share price today is 1604.50, down 1.88% on NSE/BSE as of 31 July 2026. Manorama Industries Ltd (MANORAMA) is a Mid-cap company in the Other Food Products sector with a market capitalisation of 10.15K (Cr). The 52-week high for MANORAMA share price is 1676.70 and the 52-week low is 1060.60. At a P/E ratio of 43.53x, MANORAMA is currently trading above its industry average P/E of 23.75x. The company has a Return on Equity (ROE) of 40.32% and a debt-to-equity ratio of 0.51.

Manorama Industries Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
1676.70
Low
1501.10
Volume
1.6L
Change
+2.52%

Manorama Industries Ltd share price chart: 2.52% return over the past month. 52-week high ₹1676.70, 52-week low ₹1060.60.

Manorama Industries Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
1635.201659.901602.001604.501.08L (Cr)
1645.801652.101621.201635.2052.43K (Cr)
1640.501661.001640.001645.8073.47K (Cr)
1671.001671.001630.001639.3073.39K (Cr)
1595.501674.001591.701658.902.87L (Cr)
1579.901600.101567.301585.5067.92K (Cr)
1601.101620.901600.501608.6050.17K (Cr)
1591.501636.401588.901601.101.44L (Cr)
1587.301607.701576.201591.5081.56K (Cr)
1614.901619.901590.501595.4068.30K (Cr)

Manorama Industries Ltd — Last 12 Months Price History

MonthOpenHighLowCloseChange
1669.401676.701501.101604.50-3.89%
1446.901672.001419.101655.30+14.40%
1509.001638.001287.401426.40-5.47%
1136.101524.101136.101509.00+32.82%
1382.001408.001120.301130.00-18.23%
1355.001519.001278.001426.30+5.26%
1325.101433.301060.601350.70+1.93%
1300.101388.801287.001335.20+2.70%
1386.101405.501259.701294.80-6.59%
1405.401569.901370.001391.10-1.02%
1351.101489.001302.901394.10+3.18%
1524.501540.001345.101355.30-11.10%

AI Research Briefing

Powered by Gemini · 2026-04-10

Overvalued micro-cap with an expensive valuation and negative free cash flow.

Research Confidence
5.0/10Moderate
COMPOUNDERConsolidation: 1M: -3.4%, 3M: 0.9%, 6M: -7.8%Expensive: P/E of 45.27x vs. industry P/E of 22.79x.

WHAT'S HAPPENING NOW (last 2-4 weeks)

No major catalysts found after live search.

CORE STORY (THE REAL GAME)

Manorama Industries is a play on the increasing global demand for specialty fats and butters, particularly Cocoa Butter Equivalents (CBEs), driven by the chocolate, confectionery, and cosmetics industries. The key is their integrated value chain and strategic positioning in the tree-borne and plant-based seed market.

Why Now
  • Revised revenue guidance to ₹1,300 crore
  • Strong Q3 FY26 performance
  • Capacity expansion plans underway
Potential Catalysts
  • Successful execution of ₹460 crore capex plan
  • Further increase in revenue guidance
  • Significant order wins
Key Risks
  • Expensive valuation: P/E of 45.27x vs. industry P/E of 22.79x
  • Negative free cash flow of ₹-338.68 Cr over the past 5 years
  • Micro/SME cap: liquidity risk
Institutional Activity

FII and DII holdings decreased recently. Promoter holdings slightly decreased.

Macro Context

Rising demand for natural and plant-based food products is a tailwind.

Order Book / Expansion

Board approved ₹500 crore fundraising through QIP route.

Cash Flow Quality

No: Free Cash Flow 5Y: ₹-338.68 Cr

3–6 Month Outlook

Next 3-6 months hinge on successful capacity expansion and maintaining strong demand in key sectors. Failure to meet revised revenue guidance would be a major negative.

Primary Thesis Risk

High valuation leaves no room for error in execution or demand slowdown.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Excellent

Return on Equity (ROE)

40.32%

Profit generated per ₹1 of shareholder equity

Excellent

Return on Capital (ROCE)

35.45%

Returns generated on total capital deployed

Excellent

Oper. Profit Margin (5Y Avg)

22.63%

Average operating profit margin over 5 years

Dividend Yield

0.04%

Annual dividend as % of current share price

Manorama Industries Ltd Valuation Check

Poor

Price to Earnings (P/E)

43.53x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

23.75x

Average P/E of all peers in this sector

Market-cap Classification
Mid-cap
Balance of growth potential and stability.

Shareholding Pattern

Excellent

Promoter Holding

54.32%

% shares held by company founders/management

Poor

FII Holding

3.22%

% shares held by foreign institutional investors

Poor

DII Holding

2.63%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

40.81%

Net profit growth vs same quarter last year

Excellent

Revenue Growth (Quarterly YoY)

64.21%

Revenue growth vs same quarter last year

Excellent

Revenue Growth (5-Year CAGR)

46.29%

Compounded annual revenue growth over 5 years

Excellent

EPS Growth (5-Year CAGR)

71.64%

Earnings per share growth over 5 years

Excellent

Net Profit Growth (5-Year CAGR)

74.10%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Poor

Debt to Equity Ratio

0.51x

Total debt ÷ equity. Below 0.5 = financially healthy

Excellent

Interest Coverage Ratio

9.41x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

-162.00 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Manorama Industries Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of MANORAMA across key market metrics for learning purposes.

Positive Indicators

11 factors identified

Strong Return on Equity (40.32%)

Observation: Efficient use of shareholders' capital generating superior returns.

Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.

Excellent ROCE Performance (35.45%)

Observation: Superior returns on capital employed across business operations.

Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.

Strong Operating Margins (22.63%)

Observation: Healthy 5-year operating margins indicate pricing power and cost control.

Analysis: OPM >15% suggests operational efficiency and competitive advantages.

Robust Profit Growth (40.81%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Strong Revenue Growth (64.21%)

Observation: Healthy sales growth indicates market demand and execution capability.

Analysis: Revenue growth >15% suggests strong market position and growth potential.

Consistent Growth Track Record (46.29% CAGR)

Observation: Strong 5-year sales compound annual growth rate.

Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.

Excellent EPS Growth (71.64% CAGR)

Observation: Outstanding 5-year earnings per share compound growth.

Analysis: EPS CAGR >15% indicates strong wealth creation potential.

Strong Profit Growth Track Record (74.10% CAGR)

Observation: Consistent 5-year profit compound annual growth rate.

Analysis: Profit CAGR >15% demonstrates scalable business model.

Strong Interest Coverage (9.41x)

Observation: Earnings comfortably cover interest obligations.

Analysis: Interest coverage >5x indicates low financial distress risk.

Balanced Promoter Holding (54.32%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

3 factors identified

Premium Valuation Risk (P/E: 43.53x)

Observation: High valuation multiples may limit upside potential.

Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.

Negative Free Cash Flow (₹-162.00 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

Limited Institutional Interest (FII+DII: 5.85%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

Manorama Industries Ltd vs Other Food Products Peers

Peer Comparison - Other Food Products

Compare Manorama Industries Ltd with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
64.2/100
1605
₹10151.59
43.5
Average
40.32%
Excellent
35.45%
Excellent
0.5
Good
74.10%
Excellent
46.29%
Excellent
0.04%
48.1/100
760
₹13858.30
20.0
Average
8.30%
Poor
17.81%
Good
0.4
Excellent
7.71%
Good
15.74%
Excellent
0.00%
57.1/100
394
₹1024.49
47.7
Average
13.11%
Average
16.21%
Good
0.2
Excellent
100.07%
Excellent
59.75%
Excellent
0.06%
69.5/100
384
₹909.12
30.2
Average
17.24%
Good
22.96%
Excellent
0.1
Excellent
80.73%
Excellent
34.57%
Excellent
0.00%
41.1/100
338
₹744.57
20.6
Average
24.04%
Excellent
20.92%
Excellent
0.7
Good
0.00%
58.2/100
58
₹738.77
29.2
Average
13.62%
Average
14.59%
Average
0.3
Excellent
32.12%
Excellent
7.47%
Good
0.00%
65/100
1620
₹566.36
40.0
Average
10.31%
Average
11.48%
Average
0.2
Excellent
51.70%
Excellent
25.18%
Excellent
0.00%
50.8/100
332
₹389.96
42.6
Average
9.39%
Poor
11.64%
Average
1.3
Average
17.21%
Excellent
26.82%
Excellent
0.00%
60.4/100
235
₹378.41
23.4
Average
15.44%
Good
16.25%
Good
0.6
Good
104.67%
Excellent
30.67%
Excellent
0.00%
Nutricircle Ltd...
NUTRICIRCLE530219
33/100
274
₹316.35
1054.5
Average
4.72%
Poor
4.23%
Poor
0.2
Excellent
23.16%
Excellent
0.00%
65.2/100
720
₹299.47
68.1
Average
24.10%
Excellent
32.12%
Excellent
0.1
Excellent
102.26%
Excellent
45.72%
Excellent
0.00%

Manorama Industries Ltd PE Ratio History

Historical price-to-earnings ratio for MANORAMA — last 5 years

YearEPS (₹)Price (₹)P/E Ratio
FY 202518.35₹1335.2072.8x
FY 20246.72₹1075.75160.1x
FY 20234.99₹379.5176.1x
FY 20224.15₹204.4049.2x

P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.

Manorama Industries Ltd Dividend History

Annual cash dividends paid by MANORAMA — dividend yield 0.04%

Financial YearDividends Paid (₹ Cr)
FY 20252.38 Cr
FY 20242.38 Cr

Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.

Manorama Industries Ltd Quarterly Performance

Latest quarterly metrics for MANORAMA — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

64.21%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

40.81%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

46.29%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

74.10%

Compounded annual net profit growth over 5 years

Manorama Industries Ltd Technical Indicators

SMA 50, SMA 200, RSI and volume signals for MANORAMA — calculated from daily price history

54RSI 14
Neutral — RSI 54

Momentum is balanced — neither overbought nor oversold.

SMA 50
1543
▲ Price above SMA 50 — Short-term bullish
SMA 200
1406
▲ Price above SMA 200 — Long-term uptrend
30-Day Avg Volume
163K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Manorama Industries Ltd Financial Statements

Annual income statement, balance sheet and cash flow for Manorama Industries Ltd (MANORAMA) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Manorama Industries Ltd

About MANORAMA (Manorama Industries Ltd)

Manorama Industries Ltd. is a cultivator of nature's bounty, transforming underutilized seeds into a spectrum of specialty fats and butters. Sourcing globally, Manorama unlocks the... hidden potential within tree-borne and plant-based seeds, offering a sustainable and ethical alternative to conventional ingredients. They are deeply invested in every stage of production, from conscientious sourcing to careful processing, resulting in high-quality products used in food. The company is committed to transparency and traceability, ensuring that their customers receive ingredients that are not only effective but also responsibly sourced. The company's portfolio is a testament to their expertise, encompassing a diverse range of exotic and functional ingredients. Their collection includes shea, sal, mango, kokum, mowrah, and phulwara butters, each possessing unique textures, aromas, and properties. They go beyond simple extraction, refining these natural treasures into specialized fats, oils, and stearines, catering to the specific needs of various applications. Manorama also creates de-oiled cakes, catering to animal feeds, enhancing nutrition to livestock. This holistic approach minimizes waste and maximizes the value of each seed, creating a circular system that benefits both people and the planet. Manorama's commitment to sustainability extends beyond responsible sourcing and waste reduction. They also offer a range of organic oils and glycerine, including castor, neem, karanja, moringa, and rice bran oils, aligning with the growing demand for clean and natural ingredients. Manorama invests in processes to create Organic Glycerine for their customers in the personal care and pharmaceutical sectors. By carefully selecting and processing these ingredients, Manorama ensures that their customers receive products that are not only effective but also environmentally conscious. They are a valuable partner for businesses seeking to enhance their products with unique, sustainable, and ethically sourced specialty fats and butters.

Company Details

Symbol:MANORAMA
Industry:Other Food Products
Sector:Other Food Products

Key Leadership

Mr. Ashish Ramesh Saraf
Chairman & MD
Ms. Vinita Ashish Saraf
Vice Chairperson & Executive Director
Mr. Ashok Kumar Jain C.A.
CFO, Additional Director of Finance & Whole-Time Director

MANORAMA Share Price: Frequently Asked Questions

What is the current share price of Manorama Industries Ltd?

Manorama Industries Ltd (MANORAMA) trades at ₹1604.50 on NSE and BSE. Market cap ₹10.15K (Cr). Educational data only.

What is the P/E ratio of Manorama Industries Ltd?

Manorama Industries Ltd has a P/E of 43.53x vs industry average 23.75x.

What is the Bull Run score for Manorama Industries Ltd?

Manorama Industries Ltd has a Bull Run score of 64.2/100 based on 25+ financial parameters.

Does Manorama Industries Ltd pay dividends?

Manorama Industries Ltd has a dividend yield of 0.04%. Past dividends don't guarantee future payments.

What is the ROE of Manorama Industries Ltd?

Manorama Industries Ltd has ROE of 40.32%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Manorama Industries Ltd?

Manorama Industries Ltd has debt-to-equity of 0.51.

Is Manorama Industries Ltd a good investment?

Bull Run gives Manorama Industries Ltd a score of 64.2/100. This is not investment advice — consult a SEBI-registered advisor.