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Manorama Industries share price & results

Manorama Industries Limited· Fast Moving Consumer Goods

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Converts Sal, Shea and Mango tree-borne seeds into cocoa butter equivalents and specialty fats/butters.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue404 ₹ crore+39.3% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin27.0 %0.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit82.0 ₹ crore+60.8% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity45.18 %+15.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin14.26 %+25.8 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)59.76 %—Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

5 of 9 judged targets kept · 15 open · verdicts reflect calls analysed to Q1 FY27.

Manorama Industries Limited management guidance track record on Inve: 24 targets tracked across analysed earnings calls (5 achieved, 4 missed, 15 open).

TargetOriginal wordingSaidLatest callVerdict
Working Capital Daysmaintain working capital days at current levels (~125 days)
Call transcript, Q4 FY26 · 12 May 2026		Q4 FY26Q1 FY27:The working capital days metric was not reported for the quarter.
Call transcript, Q1 FY27 · 14 Aug 2026		Ghosted
FY27 Capacity Utilizationutilize 85-90% of the 52,000 tons capacity in FY27
Call transcript, Q4 FY26 · 12 May 2026		Q4 FY26Q1 FY27:Reported 80% utilization for Q1 and revised full-year guidance down to 80-85%, which is below the original target of 85-90%.
Call transcript, Q1 FY27 · 14 Aug 2026		Revised Down
FY26 Revenueachieve INR 1,050 crores top line in financial year '26
Call transcript, Q4 FY25 · 28 Apr 2025		Q4 FY25Q4 FY26:Achieved standalone revenue of INR 1,357 crores for FY26, exceeding the revised guidance.
Call transcript, Q4 FY26 · 12 May 2026		Achieved

Source: Inve Guidance Tracker for Manorama Industries Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

4 of Manorama Industries Limited's 24 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 21 more targets are in the full ledger.

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Price

₹1,829.2 +3.00% · +₹53.2

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +26.9% 1Y

₹1.0k₹1.2k₹1.4k₹1.6k₹1.8k₹2.0k₹2.2kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 24 Oct 2025Q3 FY26 — 28 Jan 2026Q4 FY26 — 12 May 2026Q1 FY27 — 14 Aug 2026

1Y: ₹1,441.8 on 24 Oct 2025 → ₹1,829.2. High ₹2,132.9 (8 Sept 2026), low ₹1,075.8 (22 Jan 2026).

Previous close
₹1,776
Market cap
₹11.2k Cr
52-week range
₹1,075.8 – ₹2,132.9
One year
+30.54%
Price to earnings (TTM to Jun 2026)
43.45×
Return on equity (TTM to Jun 2026)
45.18%

Overview

Symbol
NSE:MANORAMA
Exchange
NSE
Currency
INR

What Manorama Industries Limited does

Based on the company's own presentations, annual report and earnings calls.

Manorama Industries runs an integrated 'waste to wealth' operation that procures tree-borne oilseeds (Sal, Mango, Kokum, Mowrah in India; Shea nuts from West Africa) via a tribal-collector network, then extracts, refines and fractionates them at its single manufacturing ecosystem in Birkoni (Mahasamund, Chhattisgarh) into Cocoa Butter Equivalents (CBEs) and exotic specialty fats and butters. These are sold under the Milcoa brand to global food, chocolate, confectionery and cosmetics companies, with de-oiled cake sold to India's cattle-feed industry as a byproduct. The company also procures Shea nuts through subsidiaries across West Africa, the UAE and Brazil to support its export-led supply chain.

Fractionation capacity (key value-add process)
47,500 tonnes per annum
Solvent extraction capacity
90,000 tonnes per annum
Seed milling (expeller) capacity
90,000 tonnes per annum
Refinery capacity
45,000 tonnes per annum
Packing capacity
30,000 tonnes per annum
International subsidiaries
9 (7 in Africa, plus one each in UAE and Brazil)
Founded 2005Headquarters Mahasamund, Chhattisgarh, India Company website

How the price took the results

close before → close after

Q1 FY27
+7.6%
14 Aug
Q4 FY26
−12.0%
12 May
Q3 FY26
+8.7%
28 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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