About
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.
Key Metrics
as of Sep 2026Market Cap12,589 Cr
P/E48.70
Div Yield0.04 %
Book Value₹114.00
52w High₹2,043.00
52w Low₹1,061.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 404.00 | 382.00 | 363.00 | 323.00 | 290.00 | 233.00 | 209.00 | 195.00 | 133.00 | 129.00 | 98.00 | 118.00 | 112.00 |
| Expenses | 295.00 | 279.00 | 264.00 | 236.00 | 211.00 | 169.00 | 154.00 | 150.00 | 107.00 | 109.00 | 83.00 | 99.00 | 93.00 |
| Operating Profit | 109.00 | 103.00 | 98.00 | 88.00 | 79.00 | 64.00 | 55.00 | 45.00 | 27.00 | 21.00 | 16.00 | 18.00 | 19.00 |
| OPM % | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 26.00 | 23.00 | 20.00 | 16.00 | 16.00 | 16.00 | 17.00 |
| Other Income | 16.00 | -5.00 | 11.00 | 1.00 | 5.00 | 9.00 | 2.00 | 3.00 | 4.00 | 4.00 | 4.00 | 2.00 | 3.00 |
| Depreciation | 6.00 | 7.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 4.00 | 4.00 | 4.00 | 3.00 | 3.00 |
| Interest | 10.00 | 9.00 | 11.00 | 8.00 | 9.00 | 12.00 | 11.00 | 8.00 | 8.00 | 7.00 | 6.00 | 5.00 | 2.00 |
| Profit before tax | 109.00 | 81.00 | 92.00 | 74.00 | 69.00 | 55.00 | 40.00 | 35.00 | 18.00 | 14.00 | 11.00 | 12.00 | 16.00 |
| Tax % | 25.00 | 26.00 | 25.00 | 26.00 | 27.00 | 23.00 | 27.00 | 24.00 | 26.00 | 10.00 | 30.00 | 30.00 | 30.00 |
| Net Profit | 82.00 | 60.00 | 68.00 | 55.00 | 51.00 | 42.00 | 30.00 | 27.00 | 14.00 | 12.00 | 7.00 | 9.00 | 12.00 |
| EPS in Rs | 13.66 | 9.97 | 11.43 | 9.19 | 8.48 | 7.09 | 4.95 | 4.48 | 2.27 | 2.10 | 1.25 | 1.44 | 1.94 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,358.00 | 771.00 | 457.00 | 351.00 | 279.00 | 203.00 | 188.00 | 102.00 | 210.00 | 145.00 | 131.00 | 133.00 |
| Expenses | 990.00 | 580.00 | 384.00 | 294.00 | 240.00 | 168.00 | 144.00 | 73.00 | 193.00 | 143.00 | 127.00 | 129.00 |
| Operating Profit | 368.00 | 191.00 | 74.00 | 56.00 | 39.00 | 35.00 | 44.00 | 29.00 | 17.00 | 3.00 | 4.00 | 4.00 |
| OPM % | 27.00 | 25.00 | 16.00 | 16.00 | 14.00 | 17.00 | 23.00 | 28.00 | 8.00 | 1.90 | 3.00 | 3.20 |
| Other Income | 11.00 | 19.00 | 13.00 | 6.00 | 8.00 | 6.00 | 6.00 | 3.00 | 2.00 | 1.00 | 1.00 | 1.00 |
| Interest | 38.00 | 39.00 | 20.00 | 9.00 | 6.00 | 10.00 | 10.00 | 5.00 | 2.00 | 1.00 | 2.00 | 3.00 |
| Depreciation | 26.00 | 22.00 | 14.00 | 11.00 | 8.00 | 8.00 | 8.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 316.00 | 148.00 | 53.00 | 43.00 | 34.00 | 22.00 | 32.00 | 27.00 | 16.00 | 2.00 | 2.00 | 2.00 |
| Tax % | 26.00 | 24.00 | 25.00 | 31.00 | 28.00 | 35.00 | 28.00 | 28.00 | 38.00 | 33.00 | 36.00 | 34.00 |
| Net Profit | 233.00 | 112.00 | 40.00 | 30.00 | 24.00 | 15.00 | 23.00 | 19.00 | 10.00 | 1.00 | 1.00 | 1.00 |
| EPS in Rs | 39.06 | 18.80 | 6.73 | 5.00 | 4.05 | 2.62 | 4.20 | 3.43 | 2.63 | 1.28 | 1.08 | 1.23 |
| Dividend Payout % | 2.00 | 3.00 | 6.00 | 8.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 11.00 | 11.00 | 11.00 | 8.00 | 2.00 | 2.00 | 2.00 |
| Reserves | 683.00 | 450.00 | 325.00 | 286.00 | 256.00 | 134.00 | 116.00 | 93.00 | 17.00 | 12.00 | 11.00 | 8.00 |
| Borrowings | 355.00 | 482.00 | 346.00 | 110.00 | 108.00 | 85.00 | 119.00 | 24.00 | 18.00 | 0.00 | 5.00 | 4.00 |
| Other Liabilities | 150.00 | 41.00 | 53.00 | 16.00 | 19.00 | 24.00 | 42.00 | 5.00 | 3.00 | 8.00 | 3.00 | 3.00 |
| Total Liabilities | 1,200.00 | 985.00 | 737.00 | 424.00 | 396.00 | 254.00 | 289.00 | 133.00 | 45.00 | 23.00 | 21.00 | 17.00 |
| Fixed Assets | 195.00 | 176.00 | 129.00 | 97.00 | 55.00 | 57.00 | 51.00 | 6.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| CWIP | 18.00 | 5.00 | 42.00 | 50.00 | 42.00 | 0.00 | 0.00 | 16.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Investments | 10.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 977.00 | 804.00 | 565.00 | 278.00 | 299.00 | 197.00 | 237.00 | 112.00 | 41.00 | 20.00 | 18.00 | 14.00 |
| Total Assets | 1,200.00 | 985.00 | 737.00 | 424.00 | 396.00 | 254.00 | 289.00 | 133.00 | 45.00 | 23.00 | 21.00 | 17.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 259.00 | -59.00 | -154.00 | 59.00 | -33.00 | 33.00 | -60.00 | -11.00 | -11.00 | 2.00 |
| Cash from Investing Activity | -87.00 | -34.00 | -62.00 | -99.00 | -35.00 | 11.00 | -10.00 | -50.00 | -1.00 | 2.00 |
| Cash from Financing Activity | -165.00 | 93.00 | 214.00 | -7.00 | 117.00 | -45.00 | 85.00 | 62.00 | 16.00 | -1.00 |
| Net Cash Flow | 7.00 | 0.00 | -1.00 | -47.00 | 49.00 | 0.00 | 15.00 | 2.00 | 3.00 | 3.00 |
| Free Cash Flow | 206.00 | -90.00 | -193.00 | 8.00 | -93.00 | 29.00 | -91.00 | -32.00 | -14.00 | 1.00 |
| CFO/OP % | 93.00 | -15.00 | -188.00 | 126.00 | -56.00 | 121.00 | -126.00 | -16.00 | -47.00 | 72.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 15.00 | 48.00 | 33.00 | 29.00 | 33.00 | 40.00 | 32.00 | 50.00 | 3.00 | 3.00 | 1.00 | 3.00 |
| Inventory Days | 356.00 | 516.00 | 586.00 | 272.00 | 535.00 | 391.00 | 669.00 | 273.00 | 37.00 | 6.00 | 18.00 | 10.00 |
| Days Payable | 40.00 | 13.00 | 60.00 | 7.00 | 24.00 | 24.00 | 147.00 | 11.00 | 0.00 | 21.00 | 5.00 | 5.00 |
| Cash Conversion Cycle | 331.00 | 551.00 | 559.00 | 294.00 | 544.00 | 408.00 | 553.00 | 312.00 | 40.00 | -13.00 | 14.00 | 8.00 |
| Working Capital Days | 100.00 | 105.00 | 100.00 | 119.00 | 172.00 | 128.00 | 56.00 | 94.00 | 2.00 | -11.00 | 0.00 | 0.00 |
| ROCE % | 35.00 | 23.00 | 13.00 | 13.00 | 13.00 | 14.00 | 22.00 | 37.00 | 62.00 | 17.00 | 24.00 | 27.00 |
Corporate Actions
5 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 21 Aug 2025 | 21 Aug 2025 | — | 0.60 | |
| Dividend | 27 Aug 2024 | — | — | 0.40 | |
| Split | 07 Mar 2024 | 08 Mar 2024 | 10:2 | — | |
| Dividend | 11 Sep 2023 | — | — | 2.00 | |
| Other | 09 Sep 2022 | — | — | — | Annual General Meeting |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update27 Mar from care
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Rating update8 Aug 2025 from fitch
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Rating update6 Aug 2025 from fitch
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Rating update27 Jan 2025 from care
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Rating update7 May 2024 from fitch
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Rating update3 Apr 2024 from fitch