Manugraph India Limited (MANUGRAPH) AI Stock Analysis

• Market Cap: ₹404.52M
• Dividend Yield: N/A
• Average Volume (3M): 4.06K
• Price to Earnings (P/E): 28.2
• Beta (1Y): 1.28
• Revenue Growth: 27.73%
• EPS Growth: N/A
• Country: IN
• Employees: 343
• Sector: Services
• Sector Strength: N/A
• Industry: Industrial - Machinery
• EPS (TTM): 0.14
• Shares Outstanding: 30,415,060
• 10 Day Avg. Volume: 2,216
• 30 Day Avg. Volume: 4,056
• PEG Ratio: -0.06
• Price to Book (P/B): 1.02
• Price to Sales (P/S): 0.91
• P/FCF Ratio: -26.09
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: ₹13.50 ▼(-15.63% Downside)
• Action: Reiterated Date: 04/09/26
• Date: Action: Reiterated 04/09/26

Overall score is held down primarily by weak financial performance (declining revenue, persistent losses, and negative operating cash flow) and balance-sheet pressure. Technicals are mixed with a short-term lift but a broader downtrend, and valuation (P/E 28.2 with no dividend yield provided) offers limited support.

Positive Factors

Recurring after-sales revenue

Manugraph’s business generates recurring revenue from after-sales services and spare parts tied to its installed base. This creates steadier, higher-frequency cash flows that are less cyclical than new machine sales and support long-term revenue predictability and customer retention.

Negative Factors

Negative operating cash flow

Persistent negative operating cash flow undermines the firm’s ability to fund capex, spare-parts inventory and working capital from operations. For a capital-equipment supplier, weak OCF forces reliance on external financing and constrains investments needed to support long-term service revenue growth.

Manugraph India Limited Business Overview & Revenue Model

Company Description

Manugraph India Limited engages in the manufacture and sale of printing machines in India. It offers newspaper web offset, folder, and packaging converting machines. The company also exports its products to Germany, France, the United Kingdom, the...

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Manugraph India Limited engages in the manufacture and sale of printing machines in India. It offers newspaper web offset, folder, and packaging converting machines. The company also exports its products to Germany, France, the United Kingdom, the...

How the Company Makes Money

Manugraph India Limited makes money primarily by selling capital equipment used in print production—most notably printing presses and related machinery/systems—where revenue is recognized from the supply (and where applicable, installation/commiss...

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Manugraph India Limited makes money primarily by selling capital equipment used in print production—most notably printing presses and related machinery/systems—where revenue is recognized from the supply (and where applicable, installation/commiss...

Manugraph India Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	801.97M	593.48M	657.58M	790.91M	454.26M	294.98M
Gross Profit	273.43M	-6.47M	174.22M	224.60M	171.38M	104.33M
EBITDA	28.92M	-233.98M	-165.70M	-67.59M	-117.53M	-239.92M
Net Income	448.00K	-266.93M	-198.58M	-112.98M	-139.48M	-287.11M
Balance Sheet
Total Assets	1.40B	1.42B	1.51B	1.72B	1.70B	1.83B
Cash, Cash Equivalents and Short-Term Investments	57.02M	30.75M	4.30M	16.40M	83.81M	110.53M
Total Debt	60.00M	70.00M	176.43M	105.00M	177.81M	188.54M
Total Liabilities	812.80M	888.89M	713.50M	728.40M	603.06M	603.05M
Stockholders Equity	591.18M	532.75M	797.11M	991.40M	1.10B	1.23B
Cash Flow
Free Cash Flow	30.48M	-20.73M	-66.20M	-66.50M	-13.85M	-219.82M
Operating Cash Flow	31.14M	-19.37M	-65.10M	-61.00M	-8.15M	-219.40M
Investing Cash Flow	10.74M	145.58M	3.87M	166.60M	36.41M	131.26M
Financing Cash Flow	-13.79M	-106.75M	50.00M	-100.30M	-35.97M	71.53M

Manugraph India Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 16.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANUGRAPH, the sentiment is Neutral. The current price of 16 is above the 20-day moving average (MA) of 12.54, above the 50-day MA of 14.05, and below the 200-day MA of 18.35, indicating a neutral trend. The MACD of -0.26 indicates Negative momentum. The RSI at 51.57 is Neutral, neither overbought nor oversold. The STOCH value of 69.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MANUGRAPH.

Manugraph India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SADBHAV	46 Neutral	₹1.64B	-0.64	―	―	―	―
MANUGRAPH	42 Neutral	₹404.52M	28.20	―	―	27.73%	―
IL&FSENGG	40 Underperform	₹3.56B	-248.95	―	―	-6.13%	98.35%
SICALLOG	39 Underperform	₹13.59B	3.00	―	―	76.34%	94.50%