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Manorama Industries Limited (MANORAMA.NS)

INR1,608.20 +30.60 (+1.94%)
IN NSE Consumer Defensive Packaged Foods
Address F-6, Anupam Nagar 492007
Raipur, IN
CEO Ashish Ramesh Saraf
IPO 2022-07-01
ISIN INE00VM01036

Explore sections of this company profile

Also trades on Bombay Stock Exchange · MANORAMA.BO (INR) National Stock Exchange of India · MANORAMA.NS (INR)
Description

Established in 2005 and headquartered in Raipur, India, Manorama Industries Limited operates as a manufacturer, processor, and global supplier of specialized fats and butters. These premium ingredients are extracted from a variety of tree-borne and other plant-based seeds and nuts. Their comprehensive product line features a diverse array of offerings such as shea butter and fat, sal butter and oil, mango butter, kokum butter, and mowrah fat, alongside specific derivatives like stearines and oleins, and de-oiled cakes. The company also provides various plant-derived meals, including sal, kokum, and rice bran, as well as a selection of organic oils like castor, neem, and moringa. In addition to its core production, Manorama Industries actively trades a broad spectrum of agricultural commodities, encompassing items like cassia tora seeds, rice, wheat, sugar, diverse oilseeds, and animal feed meals. A significant aspect of their business involves developing customized, value-added products that serve as components for cocoa butter equivalents. Their high-quality ingredients are predominantly utilized across vital industries such as chocolate and confectionery, bakery, dairy, specialized nutrition, food service, and personal care.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR1,608.20 +30.60 (+1.94%)
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Volume Profile
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Liquidity & share structure
Average Volume
177.1K
Beta
0.17
Float Shares
16.34M
Free Float %
27.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.90% -16.28% -6.46% -6.59% -1.21% -0.68% -6.62% +389.21% +546.34% +546.34% +546.34%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,608.20
Ratings Trend (MoM) 100% Bullish
Rating 2026-04 Change
Strong Buy 0 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
11.60
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers ★ Strong MOAT
  • Revenue growth Packaged Foods: +4.4%
    +77.3% Q1'26: +68.1% (vs Q1'25)
  • EPS growth Packaged Foods: +14.6%
    +96.1% Q1'26: +6.4% (vs Q1'25)
  • FCF margin FCF growth · Packaged Foods: +15.9%
    +13.1% Q1'26: +41.9% (vs Q1'25)
  • EBIT margin Packaged Foods: +7.9%
    +23.8% Q1'26: +19.7% (vs Q1'25)
  • ROIC Packaged Foods: +7.0%
    +25.1% Q1'26: +22.1% (vs Q1'25)
  • Share dilution Packaged Foods: +0.0%
    -0.2% Q1'26: -0.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Packaged Foods: 0.19×
    1.01× Q1'26: 1.05× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.96) × ERP
WACC = 96% × Ke + 4% × Kd (10.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 1,608.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
2 Rev. Ana.
2 EPS Ana.
Mar 2028
1 Rev. Ana.
2 EPS Ana.
Mar 2029
1 Rev. Ana.
1 EPS Ana.
Mar 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
7.71B
est: 8.22B (-6.2%)
13.04B
13.04B – 13.04B
+58.7% YoY
16.72B
16.72B – 16.72B
+28.2% YoY
21.05B
21.05B – 21.05B
+25.9% YoY
27.36B
27.36B – 27.36B
+30.0% YoY
17.45B
17.45B – 17.45B
-36.2% YoY
EBITDA
1.86B
est: 1.70B (+9.6%)
2.70B
2.70B – 2.70B
+58.7% YoY
3.46B
3.46B – 3.46B
+28.2% YoY
4.36B
4.36B – 4.36B
+25.9% YoY
5.66B
5.66B – 5.66B
+30.0% YoY
3.61B
3.61B – 3.61B
-36.2% YoY
EBIT
1.64B
est: 1.48B (+11.3%)
2.34B
2.34B – 2.34B
+58.7% YoY
3.00B
3.00B – 3.00B
+28.2% YoY
3.78B
3.78B – 3.78B
+25.9% YoY
4.92B
4.92B – 4.92B
+30.0% YoY
3.13B
3.13B – 3.13B
-36.2% YoY
Net Income
1.10B
est: 925.69M (+18.6%)
2.27B
2.27B – 2.27B
+145.2% YoY
2.65B
2.61B – 2.70B
+16.8% YoY
3.26B
3.25B – 3.28B
+23.1% YoY
4.36B
4.36B – 4.36B
+33.6% YoY
3.76B
3.76B – 3.76B
-13.8% YoY
SGA
499.92M
est: 616.84M (-19.0%)
979.01M
979.01M – 979.01M
+58.7% YoY
1.26B
1.26B – 1.26B
+28.2% YoY
1.58B
1.58B – 1.58B
+25.9% YoY
2.05B
2.05B – 2.05B
+30.0% YoY
1.31B
1.31B – 1.31B
-36.2% YoY
EPS
18.42
est: 15.50 (+18.8%)
38.00
38.00 – 38.00
+145.2% YoY
44.40
43.65 – 45.15
+16.8% YoY
54.65
54.35 – 54.95
+23.1% YoY
73.00
73.00 – 73.00
+33.6% YoY
62.90
62.90 – 62.90
-13.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.14B
OE per share TTM
19.07
Owner's Yield
1.38%
Maintenance CapEx ratio
84.17%
Maint CapEx / Avg PPE
25.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 2 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.02% 175.4K 0.65%
2 State Street SPDR Portfolio MSCI Global Stock Market ETF SPGM 0.00% 78.7K 0.09%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
7.92M
Shares Outstanding
59.71M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Ashish Saraf Chairman & MD 32M male
Vinita Ashish Saraf Vice Chairperson & Executive Director 15M female
Gautam Kumar Pal Whole Time Director 8M
Shrey Ashish Saraf Whole Time Director 8M male
Ashok Kumar Jain Chief Financial Officer, Additional Director of Finance & Whole-Time Director 4M male
Vijay Kumar R. Chief Human Resources Officer male
Yogendra Puri Goswami Vice President of Sales male
Deepak Sharma Company Secretary & Compliance Officer male
Ekta Soni Associate Vice President IR female
Luciano Luz Pupp Head of R&D and A&TS of Manorama Latin America male
Sandeep Agrawal Chief Operations Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits