Manorama Industries Limited share price
NSE: MANORAMA · ISIN INE00VM01036
Key numbers
- Market cap
- ₹ 11,822 Cr
- Current price
- ₹ 1,872.80
- 52-week high / low
- ₹ 2,150 / 1,061
- Stock P/E
- 43.5
- Book value
- ₹ 114.2
- Dividend yield
- 0.04%
- ROCE
- 34.8%
- ROE
- 39.4%
- Debt to equity
- 0.52
- Sales growth (3 yrs)
- 57.6%
- Profit growth (3 yrs)
- 96.2%
- 1-year return
- 27.9%
About Manorama Industries Limited
Manorama Industries Limited manufactures, processes, and supplies specialty fats and butters from tree-borne, and plant-based seeds worldwide. The company offers shea butter and fat, sal butter, sal fat, shea oil, sal oil, sal stearine, shea stearine, mango butter and fat, mango oil, mango stearine, kokum butter and oil, mowrah fat, and de-oiled cakes, as well as cocoa, mowrah, and phulwara butter. It also provides organic castor, neem, karanja, moringa, and rice bran oil; and organic glycerine. In addition, the company trades in rice, wheat, sugar, raw cotton, cotton linter, maize/corn, soy meal, cotton seed meal, rice bran meal, sesame, sorghum yellow and white jawar, safflower, niger seeds, cassia tora, medicinal herbs, etc. Further, it offers value-added tailor-made products to form the ingredients of cocoa butter equivalents. Its products are used in bakery, plant-based food, chocolate and confectionery, technical products, culinary and savory, cosmetics, and animal nutrition industries. The company was incorporated in 2005 and is based in Raipur, India.
Quarterly results
Consolidated figures in ₹ crores
| Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 233 | 290 | 363 | 391 | 404 |
| Operating profit | 61 | 75 | 104 | 85 | 106 |
| Net profit | 40 | 47 | 72 | 42 | 79 |
| EPS (₹) | 6.72 | 7.87 | 12.10 | 7.12 | 13.17 |
Concall summary (2026-08-18)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- So we expect our to be around 80%, 85% for full year for this year.
- So ballpark capex guidance for this year should be around INR 225 crores to INR 250-odd crores of investment in financial year approximately in FY27.
Growth & demand
- Our profitability grew by 67.6% year-on-year, reflecting sustained demand across the end use industries, deeper customer relationships and the increasing contribution of our value-added specialty fats and butters portfolio.
- See 39% growth is a Y-o-Y growth, which is there comparatively last quarter of the same quarter of last year compared to this, and it is largely volume led.
Margins & costs
- EBITDA grew by 42.2% year-on-year to Manorama Industries Limited August 14, 2026 INR 106 crores, while EBITDA margin expanded by 49 basis points to 26.3%, supported by disciplined cost management, operational efficiencies and operating leverage.
- From the pricing point of view, it is broadly same, but of course, whatever inflation rise is there, we have to take on the raw material cost, and that's how we build our costing model and come to our finished goods prices accordingly.
Capex & expansion
- We delivered a strong quarter with revenue increased by 39.5% year-on-year to INR 404 crores, driven by a richer product mix of value-added offerings and higher traction of our expanded fractionation capacity.
- So this INR 225 crores, INR 250 crores approximately amount will be used for our new capex proposed, which is there, where we are expanding our solvent fractionation capacity, refinery capacity and the backward integration project in Burkina Faso.
Balance sheet & cash
- So if I look at the past history of Manorama, right, if this INR460 crores of capex produces a 7x asset turn, it will also require close to about INR 900-odd crores to INR1,000-odd crores of working capital as per my calculation.
- So we are very much aligned with our near-term vision for this capex plan as well in terms of working capital requirement.
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