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Manorama Industries Ltd share Price Today

Company details

680.20
716.00
284.00
729.50
6M Return 85.30%
1Y Return 131.17%
Mkt Cap.(Cr) 4,116.20
Volume 18,273
Div Yield 0.06%
OI
-
OI Chg %
-
Volume 18,273

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Food Products company Manorama Industries announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenues during Q4FY24 surged by 27.1% YoY to Rs 1,293.3 million.
  • EBITDA during Q4FY24 grew by 26.0% YoY at Rs 207.7 million; EBITDA margin for the quarter stood at 16.1%.
  • PAT during Q4FY24 grew by a 25.1% YoY to Rs 125.0 million; PAT margin stood at 9.7% in Q4FY24.

FY24 Financial Highlights:

  • Revenues during FY24 increased by 30.3% YoY to Rs 4,570.8 million owing to achieving operational leverage and the robust demand for our exotic products across the globe.
  • EBITDA during FY24 grew by 30.2% YoY at Rs 735.2 million; EBITDA margin stood at 16.1% in FY24.
  • PAT during FY24 grew by a 34.7% YoY to Rs 401.1 million; PAT margin expanded by 29 bps YoY to 8.8%.

Commenting on the results and performance, President of Manorama Industries, Ashish Saraf said, "I am happy to share that Manorama Industries has seen a significant revenue growth of 30.3% YoY, amounting to Rs 4,571 million in FY24. This has been largely due to achieving operational leverage and organic growth resulting in higher volume. Our strong performance in both domestic and export markets has resulted in a healthy mix of 57:43 in FY24.

Our EBITDA has also shown a remarkable growth of 30.2% YoY, reaching Rs 735 million in FY24, with an EBITDA margin of 16.1%. Our profitability during the year grew by 34.7% YoY owing to the robust global demand for our specialty exotic fats & butter & CBE. The Company has announced a final dividend of Rs 0.40 per share (20% of face value of Rs 2 per share) for its shareholders.

Our commitment to attracting and retaining talent that aligns with our growth values remains unwavering. We have also maintained a judicious approach towards investing in R&D, as we prepare for our next growth phase.

April 2024 marked a significant milestone for us with the commissioning of our new fractionation capacity of 25,000 TPA. This will result in increased total fractionation capacity to 40,000 TPA, allowing us to meet the rising demand for CBE and Exotic Specialty Fats & Butter from our global clientele in the Confectionery, Chocolates and Cosmetics sectors. Our strategic inventory of Shea Nuts, Sal Seeds, Mango kernels, etc. will be instrumental in ramping up our production in the upcoming quarters, leading to increased sales and improved profitability due to economies of scale. We aspire to continue the strong momentum in the coming years.

Our MILCOA Research & Development Centre continues to innovate, develop, test and launch diverse applications of CBE and Exotic Specialty Fats & Butter for both Indian and global markets, in line with current trends.

At Manorama Industries, we continue to implement key initiatives for the wellbeing for our employees and the community that we operate in. Our commitment to creating value for our esteemed stakeholders remains steadfast. Our robust ESG practices are aligned with the UN Sustainable Development Goals & UN Global Compact, reinforcing our dedication to sustainable growth."

Result PDF

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Manorama Industries Ltd shares SWOT Analysis

Strengths (9)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Good quarterly growth in the recent results
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (1)

  • Low Piotroski Score : Companies with weak financials

Opportunity (3)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 711.0
R2 731.4
R3 746.8
Pivot

695.62

S1 675.2
S2 659.8
S3 639.4
EMA SMA
649.7
590.7
528.7
462.2
641.7
597.8
491.4
449.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ARCADIA SHARE & STOCK BROKERS PVT. LTD Bulk Sell 2019-06-03 201 62400 BSE
CHHATTISGARH INVESTMENTS LIMITED Bulk Sell 2019-05-29 201 145800 BSE
MAHESH SHIVANAND DESAI Bulk Purchase 2019-04-16 198.2 150000 BSE
Name Category Shares
Agastya Saraf PROMOTER 24.01%
Vinita Ashish Saraf PROMOTER 23.31%
Shrey Ashish Saraf PROMOTER 9.93%

FINANCIALS

Sales
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Profit after Tax
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Reserves and Surplus
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Manorama Industries Ltd Stocks COMPARISON

Financials( in Cr) Manorama Industries Ltd Hindustan Unilever Ltd Nestle India Ltd Varun Beverages Ltd Godrej Consumer Products Ltd
Price 690.65 2,441.30 2,498.40 1,593.55 1,356.85
% Change -3.54 -1.65 -1.63 -1.25 -0.31
Mcap Cr 4,116.20 573,605.65 240,884.98 207,066.52 138,781.33
Revenue TTM Cr 350.80 61,896.00 25,171.92 16,042.58 13,315.97
Net Profit TTM Cr 29.78 10,282.00 3,932.84 2,101.81 1,702.46
PE TTM 102.68 55.84 75.51 95.63 72.38
1 Year Return 131.17 -8.77 8.84 95.92 26.58
ROCE 13.13 25.00 69.17 27.83 16.35
ROE 10.51 20.26 108.49 34.92 13.43
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 298.30 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 37,632.06 8,630.44
LAST 3M 107,380.98 -14,987.35
LAST 6M 184,073.87 -1,796.10
LAST 12M 295,969.92 99,991.16

Manorama Industries Ltd Information

Stock PE (TTM)
102.68
Promoter Holding
57.26%
Book Value
56.5462
ROCE
13.13%
ROE
10.51%
Description
  • Manorama Industries Limited was originally incorporated as a private limited company with the name "Manorama Industries Private Limited" at Raipur, Chhattisgarh on August 9, 2005. Subsequently the Company was converted in to Public Limited Company and the name of the Company was changed to "Manorama Industries Limited" on March 23, 2018. Vinita Saraf is the promoter of the Company. Vinita Saraf and Ritu Saraf are the initial subscribers to Memorandum of Association of the Company. The Company is engaged in manufacturing, processing and supply of exotic and specialty fats like sal butter, sal fat, sal oil, sal stearine, mango butter, mango fat, mango oil, mango stearine, kokum butter, kokum oil, mowrah fat, and several value-added tailors made products that form the ingredients of Cocoa Butter Equivalents (CBE). The Company is ISO 9001: 2008, ISO 22000:2005 and FSSC 22000 certified and the products manufactured by the Company are certified by various agencies such as Star Kosher Certification and meets the requirements set down by Food Safety & Standards Authority of India, Halal Certified Products List. The Company is supplying its products both in domestic and export markets. It has also been recognised as Star Export House by Government of India. Domestically, the company majorly supply in Maharashtra, Gujarat, etc. and internationally, the company mainly supply its products in countries like Japan, Italy, Malaysia, Indonesia, Singapore, Netherlands, Germany, Sweden, Denmark and UK.

Registered Address

Office No 403 4 Th Floor, Midas Kurla Road Andheri East, Mumbai, Maharashtra, 400059

Tel : 91-22-67088148
Email : investors:manoramagroup.co.in
Website : http://www.manoramagroup.co.in
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 541974
NSE Code : MANORAMA
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE00VM01036

FAQ’s on Manorama Industries Ltd Shares

You can buy Manorama Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Manorama Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 21, 2024 03:42 PM the closing price of Manorama Industries Ltd was Rs.690.65.

The latest PE ratio of Manorama Industries Ltd as of Jun 21, 2024 03:42 PM is 102.68

The latest PB ratio of Manorama Industries Ltd as of Jun 21, 2024 03:42 PM is 0.08

The 52-week high of Manorama Industries Ltd share price is Rs. 729.50 while the 52-week low is Rs. 284.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 21, 2024 03:42 PM, the market cap of Manorama Industries Ltd stood at Rs. 4,116.20 Cr.

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