MANORAMAFast Moving Consumer Goods

Manorama Industries Limited

Other Food Products · ISIN INE00VM01036 · BSE 541974 · NSE EQ · FV ₹2
Last price
₹1,939
+1.18%today
What this company does

Manorama Industries Limited operates in Other Food Products, part of the Fast Moving Consumer Goods sector. It booked ₹404 cr of revenue in its latest quarter (Q1 FY27) and kept 19.5% of sales as profit. It is the 2nd largest of 7 Other Food Products companies we track, by market value.

Their stated vision

is to firmly establish Manorama as a (ISO 45001).

In the report:
65out of 100
Equitytale Health Score
Solid

Healthier than 65% of companies in Fast Moving Consumer Goods, on the 5 of 6 measures we could read for it. Each measure is ranked against the 122–149 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)
53

At close. Not part of the score.

Profitability & returns94

How much profit it earns on the money it employs

Balance sheet51

How much it owes, and whether earnings cover the interest

Cash quality50

Whether reported profit actually arrives as cash

Valuation26

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
Strengths
Makes a profit
Strong 19% net margin
Sales up 40% vs last year
Profit up 68% vs last year
Promoters hold 54%
No promoter shares pledged
Strong 46% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in MANORAMA?

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 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — 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 We do not publish price targets or predict returns.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 quarter + price
₹1,939 +1.18%
latest close · 2026-09-17
52-wk low ₹1,56242 sessions so far52-wk high ₹2,150
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/E ratio36.8High
LowAverageHigh
P/B ratio16.97High
Below bookModerateHigh
EV / EBITDA24.4High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity46.1%Strong
WeakFairStrong ▸15%
Return on capital64.0%Strong
WeakFairStrong
Net margin19.5%Strong
ThinDecentStrong
EBITDA margin30.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.52Moderate
LowModerateHigh ▸1
Interest cover11.7×Strong
RiskyOkayStrong ▸5×
Current ratio1.97Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹11,578 cr
Book value
₹114
EPS
₹13.17
latest quarter
Net debt
₹346 cr
owes more than its cash
Enterprise value
₹11,924 cr
EBITDA
₹490 cr
annualised
EBIT
₹465 cr
annualised
Operating margin
28.8%
Return on assets
26.2%
Earnings yield
2.72%
P/S
7.16
Sales / share
₹270.7
Tax rate
26.0%
Face value
₹2
Shares
6.0 cr
Working capital
₹460 cr
Current assets
₹934 cr
Current liabilities
₹473 cr
Delivery %
45.0%
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 quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹130₹349, midpoint ₹240

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 · Q1 FY27 (consolidated)
Revenue from Operations₹404 cr
Other Income₹16 cr
Total Income₹420 cr
Cost of Materials₹368 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-140 cr
Employee Benefit Expense₹19 cr
Finance Costs₹10 cr
Depreciation & Amortisation₹6 cr
Other Expenses₹51 cr
Total Expenses₹314 cr
Profit before Tax₹106 cr
Tax Expense₹28 cr
Net Profit₹79 cr
Net margin on total income18.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹228 cr54.2%
Employee benefit expense₹19 cr4.5%
Finance costs₹10 cr2.4%
Depreciation & amortisation₹6 cr1.5%
Other expenses₹51 cr12.2%
Tax expense₹28 cr6.6%
Profit for the period₹79 cr18.7%
Total income ₹420 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue363 cr391 cr404 cr
Total income374 cr384 cr420 cr
Expenses278 cr311 cr314 cr
Profit before tax96 cr74 cr106 cr
Tax24 cr21 cr28 cr
Net profit (owners' share)72 cr52 cr79 cr
Net margin (owners' share, on revenue)19.9%13.4%19.5%
EPS (₹)12.108.7913.17
YoY (latest quarter): total income +42.3% · net profit +67.6%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹1,200 cr
Shareholder equity
₹682 cr
parent shareholders
Total debt
₹356 cr
Cash
₹10 cr
Cash flow · H1 FY26
Operating
₹201 cr
Investing
₹-61 cr
Financing
₹-125 cr
Peer comparison
Other Food Products · by market value
CompanyPriceMarket capP/E
EID Parry India Limited₹703₹27,515 cr22.1
Manorama Industries Limitedthis company₹1,939₹11,578 cr36.8
Orkla India Limited₹578₹7,921 cr22.6
Krishival Foods Limited₹409₹943 cr42.7
Hexagon Nutrition Limited₹64₹790 cr24.0
Megastar Foods Limited₹279₹315 cr35.2
Sanwaria Consumer Limited₹0₹14 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.04%
trailing 12 months
Dividend / share (TTM)
₹0.8
Last dividend
₹0.8
ex 11 Sep 2026
ActionDetailEx-date
Dividend₹0.8 / share11 Sep 2026
Dividend₹0.6 / share21 Aug 2025
Dividend₹0.4 / share27 Aug 2024
Stock splitStock Split From Rs.10/- to Rs.2/-7 Mar 2024
Dividend₹2 / share11 Sep 2023
Who owns it · 2026-06-30
No pledge
Promoter
54.3%
FII / Foreign
3.2%
DII / Domestic
2.6%
Retail / others
39.8%
Promoter stake down 2.9% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtBidyadevi Agarwal · Immediate relative2,000 · ₹27.2 L15 Dec 25
SoldShrey Ashish Saraf · Promoters11.92 L5 Aug 25
BoughtAshish Ramesh Saraf · Promoters23.85 L5 Aug 25
Bulk / block deals
short · NSE553 Sep 26
short · NSE126 Aug 26
BoughtMICROCURVES TRADING PRIVATE LIMITED · NSE3.54 L @ ₹1,779.6314 Aug 26
Stake changes
BoughtAshish Ramesh Saraf · promoter→ 46.25% · 23.85 L5 Aug 25
BothMr. Agastya Saraf · promoter→ 0.25% · 11.92 L5 Aug 25
BothMr. Ashish Ramesh Saraf · promoter→ 46.25% · 23.85 L5 Aug 25
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.

Postal ballot · 1 Mar 2026
See the official result
1
To approve the Re-appointment of Mr. Nipun Sumanlal Mehta (DIN: 00255831) as an Independent Director of the Company for his second term of 5 (five) years.
Backed by 100% of shareholders other than promotersneeded 75%
87.08 L votes for, 7,742 against · 0% of mutual funds and other big investors said no
2
To approve increase in the remuneration of Mr. Deep Saraf, Deputy Chief Executive Officer - Chief Coordinator, holding office or place of profit.
Backed by 85% of shareholders other than promotersneeded 50%
74.33 L votes for, 12.82 L against · 55% 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 — 5 named members
owning 54.3% between them · as of 2026-06-30
Ashish Ramesh Saraf46.17%
Vinita Ashish Saraf7.65%
Agastya Saraf0.25%
Shrey Ashish Saraf0.25%
Bidyadevi Agarwalno 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.

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