Manorama Industries Limited

BSE: MANORAMA541974ISIN INE00VM01036

Fast Moving Consumer Goods
Other Food Products
BSE 1000

Share price

₹1,924.55+84.15 (+4.57%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹2,148.05
52W low: ₹1,064.50
Off 52W high: -10.40%
1M return: -1.04%
3M return: +19.05%
6M return: +20.13%
1Y return: +44.90%
20D avg volume: 8,179
50 DMA: ₹1,912.09
200 DMA: ₹1,570.85

Key ratios Consolidated

Market cap: ₹12,148 Cr
Current price: ₹1,924.55
52W high / low: ₹2,148.05 / ₹1,064.50
Face value: ₹2.00
P/E: 47.34
P/B: —
EPS (TTM): ₹40.66
Book value / share: —
ROE: —
ROCE: 47.60%
Operating margin: —
Net margin: —
Debt / equity: 0.52
Net debt: ₹345.82 Cr
Interest cover: 9.14
Dividend yield: 0.04%
Dividend / share (TTM): ₹0.80
Payout: 1.97%
Cash conversion cycle: 186.8 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q4 FY24
Income statement
	404.01	391.34	362.54	323.31	289.55	232.81	209.21	195.42	—
	16.18	-7.09	11.60	0.08	5.76	9.52	3.91	3.49	—
	420.19	384.25	374.14	323.39	295.31	242.33	213.11	198.91	—
	313.86	310.68	278.25	250.19	229.82	189.92	172.00	164.57	—
	367.69	249.64	163.59	236.32	226.79	110.50	98.23	104.21	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—
	18.86	23.78	15.70	14.52	18.31	14.82	17.40	11.78	—
	9.90	9.37	13.42	8.72	9.25	11.96	10.94	7.78	—
	6.16	7.43	6.42	6.07	5.73	6.40	6.00	5.61	—
	51.16	45.29	53.68	53.71	44.18	41.61	38.82	33.19	—
	106.33	73.58	95.89	73.20	65.49	52.41	41.12	34.33	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	106.33	73.58	95.89	73.20	65.49	52.41	41.12	34.33	—
	27.67	21.12	23.62	19.96	18.55	12.37	10.65	8.59	—
	78.66	52.46	72.27	53.24	46.95	40.04	30.47	25.74	—
	13.17	8.79	12.10	8.91	7.87	6.72	5.11	4.32	—
Key metrics
	122.39	90.38	115.73	87.99	80.47	70.77	58.06	47.72	—
	30.30%	23.10%	31.90%	27.20%	27.80%	30.40%	27.80%	24.40%	—
	19.50%	13.40%	19.90%	16.50%	16.20%	17.20%	14.60%	13.20%	—
	—	11.40%	—	13.40%	—	12.60%	—	—	—
	39.50%	68.10%	73.30%	65.40%	—	—	—	—	—
	67.50%	31.00%	137.20%	106.80%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	1,481	1,367	770.84	—
	20.77	10.35	21.00	—
	1,502	1,377	791.85	—
	1,153	1,069	645.76	—
	1,017	876.34	373.52	—
	0.00	0.00	0.00	—
	72.86	72.31	49.99	—
	41.41	37.87	39.19	—
	26.08	25.65	22.13	—
	203.84	199.75	136.77	—
	349.00	308.16	146.08	—
	0.00	0.00	0.00	—
	349.00	308.16	146.08	—
	92.37	83.24	36.29	—
	256.63	224.92	109.79	—
	42.97	37.67	18.42	—
Key metrics
	416.49	371.68	207.40	—
	28.12%	27.20%	26.90%	—
	17.33%	16.50%	14.20%	—
	—	47.60%	36.30%	—
	59.79%	77.30%	—	—
	79.21%	104.90%	—	—
	—	195.58	-88.72	—
	—	1.11	-0.52	—
	—	0.52	1.05	—
	—	345.82	481.68	—
	—	186.8	302.0	—
Balance sheet
	—	1,200	983.32	—
	—	933.62	790.18	—
	—	9.94	0.62	—
	—	62.49	101.73	—
	—	727.78	550.48	—
	—	48.82	38.88	—
	—	193.16	174.76	—
	—	90.82	14.49	—
	—	473.23	473.62	—
	—	355.76	482.30	—
	—	322.08	438.32	—
	—	33.68	43.98	—
	—	682.13	459.72	—
Cash flow
	—	250.42	-56.90	—
	—	-78.23	-33.64	—
	—	-164.90	92.77	—
	—	54.84	31.82	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	403.96	382.30	362.54	323.31	289.55	232.81	209.21	195.42	133.41	129.34	98.45	117.73
	16.03	-5.33	10.96	0.64	5.09	9.06	1.94	3.48	4.08	3.77	4.09	2.10
	419.99	376.97	373.50	323.95	294.64	241.87	211.15	198.90	137.50	133.11	102.54	119.83
	310.77	296.16	281.99	249.46	225.49	187.25	170.96	163.60	119.27	119.21	91.95	107.61
	358.97	239.16	176.71	243.07	227.00	110.50	98.23	104.21	60.59	90.41	52.08	110.92
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	17.78	19.36	12.96	13.43	15.54	13.62	16.89	11.42	5.99	6.31	4.84	4.52
	9.90	9.31	11.26	7.78	9.20	11.95	10.94	7.78	8.50	6.88	5.53	5.10
	6.12	7.40	6.39	6.05	5.72	6.40	5.99	5.61	4.12	3.77	3.58	3.28
	49.53	45.72	49.26	48.28	42.46	40.16	38.31	32.57	23.15	27.67	25.47	41.50
	109.21	80.81	91.52	74.49	69.14	54.62	40.18	35.30	18.23	13.90	10.59	12.21
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	109.21	80.81	91.52	74.49	69.14	54.62	40.18	35.30	18.23	13.90	10.59	12.21
	27.63	21.30	23.27	19.60	18.57	12.35	10.65	8.59	4.69	1.40	3.15	3.61
	81.59	59.52	68.25	54.88	50.58	42.27	29.53	26.71	13.54	12.51	7.44	8.61
	13.66	9.97	11.43	9.18	8.48	7.09	4.96	4.48	2.27	2.10	6.24	7.22
Key metrics
	125.23	97.52	109.17	88.32	84.06	72.97	57.11	48.69	30.85	24.55	19.70	20.59
	31.00%	25.50%	30.10%	27.30%	29.00%	31.30%	27.30%	24.90%	23.10%	19.00%	20.00%	17.50%
	20.20%	15.60%	18.80%	17.00%	17.50%	18.20%	14.10%	13.70%	10.10%	9.70%	7.60%	7.30%
	—	12.20%	—	13.30%	—	13.00%	—	—	—	—	—	—
	39.50%	64.20%	73.30%	65.40%	117.00%	80.00%	112.50%	66.00%	—	—	—	—
	61.30%	40.80%	131.10%	105.50%	273.60%	237.90%	296.90%	210.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,472	1,358	770.84	457.08	350.80	279.12
	22.30	11.36	18.56	13.15	6.12	8.24
	1,494	1,369	789.41	470.23	356.93	287.36
	1,138	1,053	641.08	417.06	313.87	253.85
	1,018	885.95	373.52	330.80	198.11	179.58
	0.00	0.00	0.00	—	—	0.49
	63.53	61.31	47.92	19.53	12.82	9.64
	38.25	37.55	39.16	19.89	8.66	5.77
	25.96	25.56	22.12	13.61	10.85	7.89
	192.79	185.72	134.19	113.82	65.88	75.92
	356.03	315.96	148.33	53.17	43.06	33.51
	0.00	0.00	0.00	—	—	—
	356.03	315.96	148.33	53.17	43.06	33.51
	91.80	82.74	36.28	13.06	13.29	9.37
	264.24	233.22	112.05	40.11	29.78	24.14
	44.24	39.06	18.80	6.73	24.98	20.76
Key metrics
	420.24	379.07	209.61	86.67	62.57	47.17
	28.55%	27.90%	27.20%	19.00%	17.80%	16.90%
	17.95%	17.20%	14.50%	8.80%	8.50%	8.60%
	—	47.80%	36.60%	—	—	—
	58.81%	76.10%	68.60%	30.30%	25.70%	—
	77.24%	108.10%	179.40%	34.70%	23.40%	—
	—	205.30	-90.41	—	—	—
	—	1.11	-0.52	—	—	—
	—	0.51	1.04	—	—	—
	—	348.04	481.81	—	—	—
	—	184.7	301.4	—	—	—
Balance sheet
	—	1,200	985.02	—	—	—
	—	925.14	791.52	—	—	—
	—	7.43	0.49	—	—	—
	—	56.27	101.73	—	—	—
	—	710.40	549.04	—	—	—
	—	66.47	43.82	—	—	—
	—	192.35	174.63	—	—	—
	—	79.74	14.31	—	—	—
	—	461.49	473.12	—	—	—
	—	355.47	482.30	—	—	—
	—	321.79	438.32	—	—	—
	—	33.68	43.98	—	—	—
	—	694.86	461.92	—	—	—
Cash flow
	—	259.37	-58.73	—	—	—
	—	-87.25	-33.99	—	—	—
	—	-165.18	92.79	—	—	—
	—	54.07	31.68	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +57.01%
Sales CAGR 5Y: —
Profit CAGR 3Y: +98.59%
Profit CAGR 5Y: —
Sales YoY (TTM): +58.81%
Profit YoY (TTM): +77.24%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +59.79%
Profit YoY (TTM): +79.21%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 51.40%

Quarter	September 2026	June 2026
Promoter %	51.40%	54.32%

Holder	Type	Holding	Previous	Change
Ashish Ramesh Saraf	Promoter	43.68%	46.17%	-2.49%
Vinita Ashish Saraf	Promoter	7.24%	7.65%	-0.41%
Ritu Saraf	Public	6.71%	7.10%	-0.39%
Prasoon Bhatt	Public	2.38%	2.51%	-0.13%
Vaidyanath Balasubramanian	Public	2.15%	2.27%	-0.12%
Mahesh Shivanand Desai	Public	2.00%	2.11%	-0.11%
Sanjay Katkar	Public	1.75%	1.93%	-0.18%
Vq Fastercap Fund	Public	1.08%	—	—
Agastya Saraf	Promoter	0.24%	0.25%	-0.01%
Shrey Ashish Saraf	Promoter	0.24%	0.25%	-0.01%
Bidyadevi Agarwal	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Manorama Industries Limited	12,148	1,924.55	47.34	47.60%	+59.79% TTM	+79.21% TTM	+44.90%
E.I.D. Parry (India) Ltd.	11,535	648.20	9.40	15.90%	+15.64% TTM	-38.97% TTM	-38.15%
Orkla India Limited	7,254	529.55	23.46	13.30%	—	—	—
KRISHIVAL FOODS LIMITED	909	354.70	37.11	14.50%	—	—	—
Apis India Ltd	764	55.44	30.92	17.60%	+5.56% TTM	+9.29% TTM	+39.17%
Hexagon Nutrition Limited	735	59.80	—	22.30%	—	—	—
Pajson Agro India Limited S	712	298.90	30.78	25.90%	—	—	—
Megastar Foods Limited	333	295.00	33.10	16.30%	+21.27% TTM	+74.65% TTM	+0.82%
Chemkart India Limited	296	244.65	—	21.80%	—	—	+13.24%
Nutricircle Limited S	294	264.60	945.00	3.70%	—	-41.51% TTM	+41.72%
ADON AGRO COMMODITIES LIMITED	219	95.00	—	—	—	—	—
Mother Nutri Foods Limited S	191	152.30	—	24.90%	—	—	—
Elfin Agro India Limited S	174	89.50	—	20.20%	—	—	—
Wardwizard Foods and Beverages Limited S	151	5.86	34.47	4.40%	+129.50% TTM	+139.85% TTM	-47.06%
NHC FOODS LIMITED	126	1.34	4.57	10.60%	+123.75% TTM	+312.84% TTM	+22.94%
RUKMANI DEVI GARG AGRO IMPEX LIMITED	120	135.50	—	22.80%	—	—	+140.76%
Tirupati Starch & Chemicals Ltd.	113	117.50	19.81	14.70%	-7.54% TTM	-49.33% TTM	-32.30%
Vistar Amar Limited S	103	178.60	7.56	23.20%	+314.81% TTM	+1,517.71% TTM	+50.72%
LEO DRYFRUITS & SPICES TRADING LIMITED	102	57.25	—	24.80%	—	—	-18.21%
GUJARAT PEANUT AND AGRI PRODUCTS LIMITED S	90	87.99	12.24	26.00%	—	—	-0.80%
KOVILPATTI LAKSHMI ROLLER FLOUR MILLS LTD S	73	80.49	13.11	16.50%	-5.13% TTM	-19.45% TTM	-35.25%
TEAM24 CONSUMER PRODUCTS LIMITED S	72	28.06	9.99	2.30%	—	+165.44% TTM	-15.12%
IEL LIMITED S	70	5.40	45.00	0.70%	+258.54% TTM	+275.28% TTM	-33.50%
Kothari Fermanatation & Biochem Ltd S	63	41.93	-29.74	0.20%	+6.41% TTM	-50.35% TTM	-14.04%
Peshwa Wheat Limited	62	32.80	—	—	+25.89% FY26	+33.53% FY26	—

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Manorama Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/11/2026 ,inter alia, to consider and approve Unaudited Standalone and ....4 Nov 2026 · Board Meeting / Board Meeting
Outcome of Postal Ballot19 Oct 2026 · AGM/EGM / Postal Ballot
Scrutinizer''s Report19 Oct 2026 · AGM/EGM / Postal Ballot
Compliance Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.8 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Investor meet.30 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Closure of Trading window for the Quarter and Half Year ended September 30, 2026.26 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Scrutinizer''s Report22 Sep 2026 · AGM/EGM / AGM
Outcome of the Board meeting of the company held on Tuesday, September 22, 2026.22 Sep 2026 · Others / Outcome without intimation
Summary of the proceedings of the 21st Annual General Meeting of the Company held on Monday, September 21, 2026.21 Sep 2026 · AGM/EGM / AGM
Newspaper publication with respect to completion of dispatch of Postal Ballot Notice.19 Sep 2026 · Company Update / Newspaper Publication
Notice of Postal Ballot18 Sep 2026 · AGM/EGM / Postal Ballot
Outcome of Board meeting held on September 04, 2026.4 Sep 2026 · Company Update / Change in Management
Outcome of Board meeting held on September 04, 2026.4 Sep 2026 · Others / Outcome without intimation
Newspaper Publication for dispatch of Notice of 21st Annual General Meeting along with Annual report for the Financial Year 2025-26.28 Aug 2026 · Company Update / Newspaper Publication
Annual Report for the Financial Year 2025-26.27 Aug 2026 · Others / Reg. 34 (1) Annual Report
Dispatch of letter to shareholders whose e-mail addresses are not registered with Company/RTA/Depository Participants.27 Aug 2026 · AGM/EGM / AGM
Intimation of Notice of the 21st Annual General Meeting of Manorama Industries Limited to be held on Monday, September 21, 2026 at 03:00 P.M. (IST)27 Aug 2026 · AGM/EGM / AGM
Newspaper Publication22 Aug 2026 · Company Update / Newspaper Publication
Earnings Call Transcript for Q1 of FY 27.18 Aug 2026 · Company Update / Earnings Call Transcript
Intimation of Audio recording of the Q1 of FY27 Earnings Conference call.14 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper publication of Unaudited Financial Results (Both Standalone and Consolidated) of the Company for the quarter ended June 30, 2026.14 Aug 2026 · Company Update / Newspaper Publication
Investor Presentation with respect to Unaudited Financial Results for the Quarter ended June 30, 2026.13 Aug 2026 · Company Update / Investor Presentation
Press release with respect to Unaudited Financial Results for the Quarter ended June 30, 2026.13 Aug 2026 · Company Update / Press Release / Media Release
Intimation of Record date for the purpose of Final Dividend - Monday, September 14, 2026.13 Aug 2026 · Corp. Action / Record Date
Outcome of the Board meeting of the Company held today i.e. Thursday, August 13, 2026.13 Aug 2026 · Result / Financial Results
Outcome of the Board Meeting of the Company held today i.e. Thursday, August 13, 202613 Aug 2026 · Board Meeting / Outcome of Board Meeting
Clarification on delay in disclosure under Regulation 30 of SEBI (LODR) Regulations, 201511 Aug 2026 · Company Update / General
Intimation of Q1 of FY 27 Earnings Conference Call.10 Aug 2026 · Company Update / Analyst / Investor Meet
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") read with Schedule III thereto - inquiry by Customs ....10 Aug 2026 · Company Update / General
Manorama Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve Intimation of Board Meeting ....8 Aug 2026 · Board Meeting / Board Meeting
Manorama Industries Limited has informed the Exchange about the Incorporation of Wholly Owned Subsidiary company in Republic of Chad.21 Jul 2026 · Company Update / General
Compliance Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026.10 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Outcome of Board meeting in respect of incorporation of Wholly Owned Subsidiary Company in CHAD.9 Jul 2026 · Others / Outcome without intimation
Intimation of Allotment of 12,500 equity shares under the Company''s ESOP scheme.3 Jul 2026 · Company Update / Allotment of ESOP / ESPS
Allotment of Equity Shares under QIP issue.2 Jul 2026 · Others
Outcome of Board Metting to close Qualified Institutional Placement.2 Jul 2026 · Others / Outcome without intimation
Outcome of Board Meeting in respect of QIP29 Jun 2026 · Others / Outcome without intimation
Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2026.29 Jun 2026 · Company Update / General
Intimation of Trading Window Closure.26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation regarding cancellation of Company''s participation in meetings with Analysts/ Institutional Investors under Regulation 30 of SEBI (Listing Obligations and Disclosure requirements) ....13 Jun 2026 · Company Update / Analyst / Investor Meet

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.8000	11 Sep 2026	14 Sep 2026	—
Final Dividend - Rs. - 0.6000	21 Aug 2025	21 Aug 2025	—
Final Dividend - Rs. - 0.4000	27 Aug 2024	—	—

Board meetings

13 Aug 2026 Board Meeting - Financial Results