Manorama Industries Ltd. (IN:MANORAMA)
:MANORAMA
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Manorama Industries Ltd.
(MANORAMA)
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Rating:64Neutral
Price Target:
₹1,645.00
▲(22.93% Upside)
Action:ReiteratedDate: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 multi-year revenue growth
Sustained revenue expansion (nearly fourfold over four years) indicates durable demand for processed specialty fats and oils, supports scale advantages, improves supplier negotiating power and enables ongoing investment in capacity and product development to cement market position.
Negative Factors
Rising leverage (higher debt-to-equity)
A rising debt load increases fixed obligations and reduces financial flexibility. Sustained higher leverage raises refinancing and interest risk, limiting the firm's ability to invest opportunistically or absorb demand shocks without stressing liquidity or equity cushions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong multi-year revenue growth
Sustained revenue expansion (nearly fourfold over four years) indicates durable demand for processed specialty fats and oils, supports scale advantages, improves supplier negotiating power and enables ongoing investment in capacity and product development to cement market position.
Read all positive factors
Manorama Industries Ltd. (MANORAMA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹91.80B
Dividend Yield0.04%
Average Volume (3M)10.57K
Price to Earnings (P/E)27.6
Beta (1Y)1.06
Revenue Growth81.04%
EPS Growth158.05%
CountryIN
Employees411
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)28.62
Shares Outstanding59,708,530
10 Day Avg. Volume6,486
30 Day Avg. Volume10,570
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)13.66
Price to Sales (P/S)8.14
P/FCF Ratio-70.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)54
Revenue Forecast (FY)₹19.06B
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...
How the Company Makes Money
Manorama Industries makes money by procuring plant-based oils and converting them through processing, refining, and fractionation into higher-value specialty fats and oils, which it sells to business customers that use these ingredients in finishe...
Manorama Industries Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
65
Positive
| 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
Positive
1338.15
Price Trends
1344.22
Positive
1325.78
Positive
1377.80
Positive
Market Momentum
9.29
Negative
62.06
Neutral
96.70
Negative
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 1338.15 is above the 20-day moving average (MA) of 1275.34, below the 50-day MA of 1344.22, and below the 200-day MA of 1377.80, indicating a bullish trend. The MACD of 9.29 indicates Negative momentum. The RSI at 62.06 is Neutral, neither overbought nor oversold. The STOCH value of 96.70 is Negative, 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
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹28.53B | 24.99 | ― | 0.57% | 10.52% | 1.42% | |
71 Outperform | ₹71.12B | 23.97 | ― | 0.20% | 17.82% | -34.96% | |
71 Outperform | ₹85.04B | 13.27 | ― | 0.87% | 9.96% | 48.39% | |
65 Neutral | ₹30.72B | 38.77 | ― | ― | 0.04% | 16.37% | |
64 Neutral | ₹91.80B | 27.59 | ― | 0.04% | 81.04% | 158.05% | |
63 Neutral | ₹156.45B | 31.27 | ― | 0.52% | 35.78% | 37.05% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
IN:MANORAMA
Manorama Industries Ltd.
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.