Manorama Industries Ltd. (MANORAMA) AI Stock Analysis

• Market Cap: ₹78.88B
• Dividend Yield: 0.04%
• Average Volume (3M): 19.73K
• Price to Earnings (P/E): 55.5
• Beta (1Y): 0.67
• Revenue Growth: 93.55%
• EPS Growth: 240.14%
• Country: IN
• Employees: 411
• Sector: Consumer Goods
• Sector Strength: N/A
• Industry: Packaged Foods
• EPS (TTM): 7.88
• Shares Outstanding: 59,614,050
• 10 Day Avg. Volume: 10,258
• 30 Day Avg. Volume: 19,735
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹1,469.00
• Price Target Upside: 10.26% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: ₹1,469.00 ▲(10.26% Upside)

Manorama Industries Ltd. shows strong financial performance with significant revenue and profit growth, but faces challenges with cash flow management and increased leverage. The technical indicators suggest weak market momentum, and the stock's high P/E ratio indicates potential overvaluation. The dividend yield provides some support, but overall, the stock's upside may be limited without addressing these challenges.

Manorama Industries Ltd. Business Overview & Revenue Model

Company Description

Manorama Industries Ltd. (MANORAMA) is an Indian company primarily engaged in the production and distribution of specialty fats and oils. The company operates in sectors such as food, cosmetics, and personal care, where it provides innovative and sustainable solutions using a diverse range of natural raw materials. Manorama Industries is known for its commitment to quality and sustainability, offering products that cater to both domestic and international markets.

How the Company Makes Money

Manorama Industries Ltd. generates revenue by producing and selling specialty fats and oils derived from natural raw materials. The company's key revenue streams include the supply of these products to industries such as food manufacturing, cosmetics, and personal care. Manorama leverages its expertise in sourcing and processing raw materials to create high-quality, sustainable products that meet the demands of various global markets. Additionally, the company benefits from strategic partnerships and a strong distribution network that help in expanding its market reach and enhancing its earnings potential.

Manorama Industries Ltd. Financial Statement Overview

Summary

Manorama Industries Ltd. has shown 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 sustain long-term 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	7.71B	7.71B	4.56B	3.51B	2.78B	1.99B
Gross Profit	3.46B	3.73B	2.01B	1.35B	1.07B	445.35M
EBITDA	1.97B	1.86B	866.74M	625.73M	471.80M	408.08M
Net Income	1.10B	1.10B	401.09M	297.75M	241.45M	145.83M
Balance Sheet
Total Assets	9.83B	9.83B	7.37B	4.24B	3.96B	2.50B
Cash, Cash Equivalents and Short-Term Investments	983.46M	983.46M	870.76M	582.65M	491.93M	4.00M
Total Debt	4.82B	4.82B	3.46B	1.10B	1.08B	853.55M
Total Liabilities	5.24B	5.24B	4.00B	1.26B	1.28B	1.04B
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	379.88M
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: Negative
• Last Price: 1332.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 1332.25 is below the 20-day moving average (MA) of 1379.82, below the 50-day MA of 1456.25, and above the 200-day MA of 1223.97, indicating a neutral trend. The MACD of -35.69 indicates Positive momentum. The RSI at 35.63 is Neutral, neither overbought nor oversold. The STOCH value of 10.39 is Positive, 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	₹50.61B	18.81		―	28.64%	60.54%
GOODLUCK	70 Outperform	₹38.08B	22.14		0.52%	11.91%	10.03%
BECTORFOOD	67 Neutral	₹84.81B	60.54		0.36%	12.92%	-4.82%
GAEL	65 Neutral	₹47.36B	19.93		0.24%	-0.84%	-32.43%
MANORAMA	64 Neutral	₹78.88B	55.45		0.04%	93.55%	240.14%
Sector *	57 Neutral	$3.34B	8.35	-34.32%	2.94%	-25.56%	-353.61%
GLOSTERLTD	48 Neutral	₹7.44B	―		5.89%	45.83%	-123.39%

Manorama Industries Ltd. Corporate Events

Manorama Industries Discloses Audited Financial Results for FY 2025

Manorama Industries Limited has announced the publication of its audited standalone and consolidated financial results for the quarter and financial year ending March 31, 2025. These results have been published in prominent newspapers and are available on the company’s website, reflecting transparency and compliance with SEBI regulations. This disclosure is significant for stakeholders as it provides insights into the company’s financial health and operational performance, which could impact its market positioning and investor confidence.