MANORAMA

Manorama Industries Limited

Specialty food ingredients and cocoa products manufacturer

Fast Moving Consumer Goods›Fast Moving Consumer Goods›Food Products›Other Food Products

manoramagroup.co.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1911.20
Market cap
12,064 Cr
Stock P/E
44.5
P/B
16.72
Dividend yield
0.0%
ROE (FY26)
33.0%
ROCE (FY26)
33.3%
Operating margin (FY26)
24.6%
Debt / equity (FY26)
0.52
OCF / EBITDA (FY26)
69.3%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Manorama makes specialty fats and butters, including cocoa butter equivalents (CBE) and stearin, as ingredients for chocolate and confectionery and cosmetics makers, with more than half its revenue from exports.

Company snapshot

2ndBy market cap

Ranked among 8 companies in Other Food Products.

What we see

Positives
  • ✓Net margin of 16.5% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales195 Cr209 Cr233 Cr290 Cr323 Cr363 Cr391 Cr404 Cr
Operating expenses (approx.)151 Cr155 Cr172 Cr215 Cr235 Cr258 Cr294 Cr298 Cr
EBITDA44 Cr54 Cr61 Cr75 Cr88 Cr104 Cr97 Cr106 Cr
OPM %22.6%25.9%26.3%25.8%27.2%28.7%24.9%26.3%
Other income3 Cr4 Cr10 Cr6 Cr0.08 Cr12 Cr-7 Cr16 Cr
Interest8 Cr11 Cr12 Cr9 Cr9 Cr13 Cr9 Cr10 Cr
Depreciation6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr7 Cr6 Cr
Profit before tax34 Cr41 Cr52 Cr65 Cr73 Cr96 Cr74 Cr106 Cr
Tax %25.0%25.9%23.6%28.3%27.3%24.6%28.7%26.0%
Net profit26 Cr30 Cr40 Cr47 Cr53 Cr72 Cr52 Cr79 Cr
EPS (₹)₹4.32₹5.11₹6.72₹7.87₹8.91₹12.10₹8.79₹13.17

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2025Mar 2026TTM
Sales771 Cr1,367 CrSign in free for the trailing twelve months
Operating expenses (approx.)584 Cr1,005 CrSign in free for the trailing twelve months
EBITDA186 Cr361 CrSign in free for the trailing twelve months
OPM %24.2%26.4%Sign in free for the trailing twelve months
Other income21 Cr10 CrSign in free for the trailing twelve months
Interest39 Cr38 CrSign in free for the trailing twelve months
Depreciation22 Cr26 CrSign in free for the trailing twelve months
Profit before tax146 Cr308 CrSign in free for the trailing twelve months
Tax %24.8%27.0%Sign in free for the trailing twelve months
Net profit110 Cr225 CrSign in free for the trailing twelve months
EPS (₹)₹18.42₹37.67Sign in free for the trailing twelve months
Dividend payout %2.2%1.6%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2025Mar 2026
Equity capital12 Cr12 Cr
Reserves448 Cr670 Cr
Borrowings482 Cr356 Cr
Other liabilities41 Cr162 Cr
Total liabilities983 Cr1,200 Cr
Fixed assets (net)175 Cr193 Cr
CWIP2 Cr18 Cr
Investments1 Cr1 Cr
Inventories550 Cr728 Cr
Trade receivables102 Cr62 Cr
Cash & bank0.62 Cr10 Cr
Other assets152 Cr187 Cr
Total assets983 Cr1,200 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2025Mar 2026
Cash from operating activity-57 Cr250 Cr
Cash from investing-34 Cr-78 Cr
Cash from financing93 Cr-165 Cr
Net cash flow2 Cr7 Cr
Free cash flow (OCF − Capex)-89 Cr196 Cr

Ratios

MetricMar 2025Mar 2026
ROCE %19.7%33.3%
ROE %23.9%33.0%
Debtor days4817
Inventory days536302
Days payable1438
Cash conversion cycle570281
OCF / EBITDA %-30.5%69.3%
Debt / equity1.050.52
Current ratio1.671.97
Net debt / EBITDA2.580.96