Manorama Industries Ltd. (MANORAMA) AI Stock Analysis

• Market Cap: ₹72.96B
• Dividend Yield: 0.04%
• Average Volume (3M): 10.57K
• Price to Earnings (P/E): 27.6
• Beta (1Y): 1.01
• Revenue Growth: 89.51%
• EPS Growth: 188.01%
• Country: IN
• Employees: 411
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 12.00
• Shares Outstanding: 59,708,530
• 10 Day Avg. Volume: 6,486
• 30 Day Avg. Volume: 10,570
• PEG Ratio: 0.33
• Price to Book (P/B): 13.66
• Price to Sales (P/S): 8.14
• P/FCF Ratio: -70.76
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 47.2
• Revenue Forecast (FY): ₹15.30B

• Rating: 64 Neutral
• Price Target: ₹1,308.00 ▼(-2.25% Downside)
• Action: Reiterated Date: 10/28/25
• Date: Action: Reiterated 10/28/25

Manorama Industries Ltd. demonstrates strong financial performance with significant revenue and profit growth. However, the high leverage and negative cash flows are concerning. The technical indicators suggest weak momentum, and the high P/E ratio indicates overvaluation, partially offset by a decent dividend yield.

Positive Factors

Strong revenue growth and scale

Sustained quadrupling of revenue over four years indicates durable demand traction and successful commercial scaling. Larger scale supports fixed-cost absorption, stronger supplier/customer negotiating position, and provides financial headroom to invest in capacity or product development for continued structural growth.

Negative Factors

Rising leverage

Higher debt levels reduce financial flexibility and increase fixed interest obligations, constraining capacity to fund capex or absorb demand shocks. Elevated leverage heightens refinancing and covenant risk over the medium term, making earnings more sensitive to cyclical downturns or margin compression.

Manorama Industries Ltd. Business Overview & Revenue Model

Company Description

Manorama Industries Limited manufactures, processes, and supplies specialty fats and butters from tree-borne, and plant-based seeds and nuts in India and internationally. The company offers shea butter and fat, sal butter, sal fat, sal oil, sal st...

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Manorama Industries Limited manufactures, processes, and supplies specialty fats and butters from tree-borne, and plant-based seeds and nuts in India and internationally. The company offers shea butter and fat, sal butter, sal fat, sal oil, sal st...

How the Company Makes Money

Manorama Industries makes money by manufacturing and selling specialty fats and oils (and related derivatives) produced through processing, refining, fractionation, and customization of natural oils. Revenue is primarily generated from: (1) Sale o...

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Manorama Industries makes money by manufacturing and selling specialty fats and oils (and related derivatives) produced through processing, refining, fractionation, and customization of natural oils. Revenue is primarily generated from: (1) Sale o...

Manorama Industries Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	10.55B	7.71B	4.56B	3.51B	2.78B	1.99B
Gross Profit	5.01B	3.73B	2.01B	1.35B	1.07B	780.84M
EBITDA	2.95B	1.86B	866.74M	617.60M	471.80M	408.08M
Net Income	1.71B	1.10B	401.09M	297.75M	241.45M	145.83M
Balance Sheet
Total Assets	10.24B	9.83B	7.37B	4.24B	3.96B	2.54B
Cash, Cash Equivalents and Short-Term Investments	671.70M	983.46M	870.76M	582.65M	491.93M	4.00M
Total Debt	3.76B	4.82B	3.46B	1.10B	1.08B	853.55M
Total Liabilities	4.61B	5.24B	4.00B	1.26B	1.28B	1.09B
Stockholders Equity	5.63B	4.60B	3.37B	2.98B	2.68B	1.46B
Cash Flow
Free Cash Flow	1.64B	-887.21M	-1.93B	79.71M	-930.32M	290.53M
Operating Cash Flow	2.01B	-568.97M	-1.53B	592.85M	-333.59M	334.95M
Investing Cash Flow	-609.31M	-336.36M	-620.88M	-994.71M	-345.41M	108.78M
Financing Cash Flow	-1.25B	927.69M	2.14B	-71.24M	1.17B	-445.72M

Manorama Industries Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1338.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANORAMA, the sentiment is Negative. The current price of 1338.15 is above the 20-day moving average (MA) of 1286.02, above the 50-day MA of 1324.36, and below the 200-day MA of 1381.42, indicating a bearish trend. The MACD of -42.53 indicates Positive momentum. The RSI at 42.66 is Neutral, neither overbought nor oversold. The STOCH value of 35.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MANORAMA.

Manorama Industries Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GOKULAGRO	78 Outperform	₹57.01B	17.02	―	―	34.34%	45.32%
GAEL	71 Outperform	₹64.33B	23.97	―	0.20%	6.42%	-39.00%
GOODLUCK	69 Neutral	₹34.88B	20.71	―	0.38%	9.57%	3.24%
MANORAMA	64 Neutral	₹72.96B	27.59	―	0.04%	89.51%	188.01%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
BECTORFOOD	61 Neutral	₹58.05B	46.45	―	0.45%	10.82%	-8.21%
GLOSTERLTD	48 Neutral	₹5.82B	-241.19	―	6.20%	86.75%	―

Manorama Industries Ltd. Corporate Events