MANILAM

Manilam Industries India Limited

Listed company · ISIN INE1ERK01013 · NSE SM · FV ₹10
Last price
₹33
-4.89%today
What this company does

Manilam Industries India Limited is a listed company. It booked ₹44 cr of revenue in its latest half year (H2 FY26) and kept -2.6% of sales as profit.

35out of 100
Equitytale Health Score
Strained

Healthier than 35% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 2,387–2,932 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
36

At close. Not part of the score.

Profitability & returns11

How much profit it earns on the money it employs

Balance sheet22

How much it owes, and whether earnings cover the interest

Cash quality8

Whether reported profit actually arrives as cash

Valuation75

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
✓ Promoters hold 62%
✓ No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -2.6% net margin
! Low -3.3% return on equity

What if I invest in MANILAM?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest half year + price
₹33▼ -4.89%
latest close · 2026-11-04
52-wk low ₹3343 sessions so far52-wk high ₹63
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio1.03Moderate
Below bookModerateHigh
EV / EBITDA19.8High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-3.3%Loss
WeakFairStrong ▸15%
Return on capital4.0%Weak
WeakFairStrong
Net margin-2.6%Loss
ThinDecentStrong
EBITDA margin7.0%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.72Moderate
LowModerateHigh ▸1
Interest cover0.5×Risky
RiskyOkayStrong ▸5×
Current ratio1.51Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹72 cr
Book value
₹32
EPS
₹-0.60
latest half year
Net debt
₹51 cr
owes more than its cash
Enterprise value
₹123 cr
EBITDA
₹6 cr
annualised
EBIT
₹3 cr
annualised
Operating margin
3.5%
Return on assets
-1.3%
Earnings yield
—
P/S
0.82
Sales / share
₹40.3
Tax rate
—
Face value
₹10
Shares
2.2 cr
Working capital
₹48 cr
Current assets
₹142 cr
Current liabilities
₹94 cr
Delivery %
90.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest half year; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · H2 FY26 (consolidated)
Revenue from Operations₹44 cr
Other Income₹1.5 L
Total Income₹44 cr
Cost of Materials₹29 cr
Purchases of Stock-in-Trade₹4 cr
Inventory Change (±)₹-2 cr
Employee Benefit Expense₹5 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹2 cr
Other Expenses₹5 cr
Total Expenses₹45 cr
Profit before Tax₹-1 cr
Tax Expense₹-27.5 L
Net Profit₹-1 cr
Net margin on total income-2.6%
Where the money goes · H2 FY26
% of total spend
Materials + stock-in-trade₹31 cr68.5%
Employee benefit expense₹5 cr10.7%
Finance costs₹3 cr6.5%
Depreciation & amortisation₹2 cr3.5%
Other expenses₹5 cr10.9%
Total income ₹44 cr

The company made a net loss of ₹1 cr this half year — income covered only ₹97 of every ₹100 it spent on costs and tax.

Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹171 cr
Shareholder equity
₹71 cr
parent shareholders
Total debt
₹51 cr
Cash
₹15.6 L
Who owns it · 2026-09-30
No pledge
Promoter
61.9%
FII / Foreign
10.2%
DII / Domestic
0.6%
Retail / others
27.2%
Promoter stake up 0.1% over the last 3 quarters.
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 21 Sep 2026
See the official result
1
To consider and adopt (a) the Audited Financial Statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditor’s thereon; and (b) the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2026 and the report of Auditor’s thereon.
Backed by 100% of shareholders other than promotersneeded 50%
3.18 L votes for, 0 against · 0% of mutual funds and other big investors said no
2
To appoint a director in place of Mr. Aman Kumar Nemani (DIN: 08294965), who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
3.18 L votes for, 0 against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Mr. Sanjay Kumar Agarwal (DIN: 00291003), who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
3.18 L votes for, 0 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 41 named members
owning 61.9% between them · as of 2026-09-30
Umesh Kumar Nemani30.25%
Madhu Nemani16.01%
Manilam Retail India Private Limited15.58%
Gaurhari Nemani0.08%
Aman Kumar Nemanino shares
Anand Chandno shares
Anita Choudharyno shares
Anubhav Kumar Nemanino shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

Money raised in Feb 2026 by selling shares to the public

As of Mar 2026, the company says it has spent 76% of what it set aside.

Purchase of equipment/machineries
0%
of what was set aside
Purchase and installation of Solar Panel at our Manufacturing Plant
0%
of what was set aside
Repayment in full or in part, of certain loans availed by our Company
100%
of what was set aside
Working Capital Requirements of our Company
64%
of what was set aside
Offer for Sale (OFS)
100%
of what was set aside
Issue Related Expenses
100%
of what was set aside

The amount this filing states as raised is many times the whole company’s market value, so it is almost certainly entered in the wrong unit. We show the purposes and how far along each one is, and leave the rupee figures out rather than repeat a number that cannot be right.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.