Manorama Industries Ltd. (MANORAMA) AI Stock Analysis

• Market Cap: ₹81.24B
• Dividend Yield: 0.04%
• Average Volume (3M): 10.57K
• Price to Earnings (P/E): 47.5
• Beta (1Y): 0.84
• Revenue Growth: 89.51%
• EPS Growth: 188.01%
• Country: IN
• Employees: 411
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 9.20
• 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): 2,685.1
• Revenue Forecast (FY): ₹93.37B

• Rating: 64 Neutral
• Price Target: ₹1,498.00 ▲(10.10% Upside)

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

Revenue Growth

Strong revenue growth indicates successful market expansion and product demand, supporting long-term business sustainability.

Profitability Margins

Improved profitability margins reflect effective cost management and operational efficiency, enhancing overall financial health.

Return on Equity

Higher ROE indicates efficient capital utilization, boosting investor confidence and supporting future growth prospects.

Negative Factors

High Leverage

Increased leverage can heighten financial risk, potentially impacting the company's ability to manage debt and sustain growth.

Negative Free Cash Flows

Negative free cash flows suggest cash management challenges, which may hinder investment capacity and operational flexibility.

Cash Flow Management Issues

Inconsistent cash flow management can affect liquidity and operational stability, posing risks to long-term financial health.

Manorama Industries Ltd. Business Overview & Revenue Model

Company Description

Manorama Industries Ltd. (MANORAMA) is a diversified company based in India, primarily engaged in the manufacturing and distribution of a wide range of products, including industrial chemicals, packaging materials, and consumer goods. With a strong focus on innovation and quality, MANORAMA serves various sectors such as agriculture, pharmaceuticals, and food processing, positioning itself as a key player in the industrial landscape. The company is committed to sustainability and operational excellence, aiming to provide high-quality solutions to its customers.

How the Company Makes Money

Manorama Industries Ltd. generates revenue through multiple streams, primarily from the sale of its diverse product portfolio, which includes industrial chemicals and packaging materials. The company focuses on building long-term relationships with its clients across various sectors, enabling steady demand for its products. Additionally, MANORAMA engages in strategic partnerships and alliances with other businesses to expand its market reach and enhance its product offerings. The company may also benefit from economies of scale due to its manufacturing capabilities, which helps optimize production costs and improve profit margins.

Manorama Industries Ltd. Financial Statement Overview

Summary

Manorama Industries Ltd. shows strong revenue and profit growth with improved profitability margins. However, increased leverage and negative free cash flows pose potential risks. The company needs to address cash flow challenges to ensure sustainable growth.

Income Statement

Manorama Industries Ltd. has demonstrated strong revenue growth, with Total Revenue increasing from 2,049.99 million in 2021 to 7,708.42 million in 2025. The Gross Profit Margin has consistently improved, reflecting efficient cost management. The Net Profit Margin grew significantly from 7.1% in 2021 to 14.2% in 2025, indicating enhanced profitability. EBIT and EBITDA margins have shown improvement, highlighting better operational performance.

Balance Sheet

The company's Debt-to-Equity Ratio has increased, indicating higher leverage, which could pose a risk if not managed properly. However, the Return on Equity (ROE) has improved, showing effective use of equity to generate profits. The Equity Ratio shows a stable capital structure, with Stockholders' Equity forming a substantial part of Total Assets.

Cash Flow

Manorama Industries Ltd. has faced challenges with negative free cash flows in recent years, indicating high capital expenditure relative to cash inflows. The Operating Cash Flow to Net Income Ratio has been inconsistent, suggesting potential cash flow management issues. However, financing activities have been robust, providing liquidity to support operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.27B	7.71B	4.56B	3.51B	2.78B	1.99B
Gross Profit	4.37B	3.73B	2.01B	1.35B	1.07B	780.84M
EBITDA	2.55B	1.86B	866.74M	617.60M	471.80M	408.08M
Net Income	1.43B	1.10B	401.09M	297.75M	241.45M	145.83M
Balance Sheet
Total Assets	0.00	9.83B	7.37B	4.24B	3.96B	2.54B
Cash, Cash Equivalents and Short-Term Investments	983.46M	983.46M	870.76M	582.65M	491.93M	4.00M
Total Debt	0.00	4.82B	3.46B	1.10B	1.08B	853.55M
Total Liabilities	-4.60B	5.24B	4.00B	1.26B	1.28B	1.09B
Stockholders Equity	4.60B	4.60B	3.37B	2.98B	2.68B	1.46B
Cash Flow
Free Cash Flow	0.00	-887.21M	-1.93B	79.71M	-930.32M	290.53M
Operating Cash Flow	0.00	-568.97M	-1.53B	592.85M	-333.59M	334.95M
Investing Cash Flow	0.00	-336.36M	-620.88M	-994.71M	-345.41M	108.78M
Financing Cash Flow	0.00	927.69M	2.14B	-71.24M	1.17B	-445.72M

Manorama Industries Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1360.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• 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 Positive. The current price of 1360.55 is above the 20-day moving average (MA) of 1334.00, below the 50-day MA of 1378.07, and above the 200-day MA of 1329.71, indicating a neutral trend. The MACD of 0.50 indicates Negative momentum. The RSI at 52.58 is Neutral, neither overbought nor oversold. The STOCH value of 77.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	₹56.88B	19.35	―	―	34.34%	45.32%
GOODLUCK	76 Outperform	₹35.76B	21.49	―	0.37%	9.57%	3.24%
GAEL	69 Neutral	₹52.98B	25.68	―	0.22%	6.42%	-39.00%
BECTORFOOD	66 Neutral	₹79.16B	58.06	―	0.45%	10.82%	-8.21%
MANORAMA	64 Neutral	₹81.24B	47.53	―	0.04%	89.51%	188.01%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
GLOSTERLTD	48 Neutral	₹7.08B	77.12	―	6.28%	86.75%	―

Manorama Industries Ltd. Corporate Events

Manorama Industries Releases Q2 & H1 FY26 Earnings Call Recording

Manorama Industries Ltd. has announced the availability of the audio recording of its Q2 and H1 FY26 earnings conference call with analysts and investors. This disclosure, in line with SEBI regulations, provides stakeholders with insights into the company’s financial performance for the quarter and half-year ended September 30, 2025, and is accessible on the company’s website.