Manugraph India share price & results
- Mar 2023
- Sept 2026
Kolhapur-based manufacturer of web offset printing presses; India's largest maker of web offset presses and leader in the niche 4-page newspaper offset printing press segment.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 35.1 | +180.4% YoY | Quarterly, as filed | Quarter to Mar 2023 | Revenue from operations as filed. |
| Operating margin | -3.6 | +18.0 pts YoY | Operating profit / revenue | Quarter to Mar 2023 | For the quarter; a change is in percentage points. |
| Net profit | -2.0 | Quarterly, as filed | Quarter to Mar 2023 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | −6.0 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | +3.6 pts | Fiscal year | FY · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Revenue growth (YoY) | +20.6 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −31.4% 1Y
1Y: ₹21.6 on 24 Oct 2025 → ₹14.82. High ₹23.52 (23 Sept 2026), low ₹9.76 (30 Mar 2026).
- Previous close
- ₹14.79
- Market cap
- ₹44 Cr
- 52-week range
- ₹9.76 – ₹23.52
- One year
- −30.78%
Overview
- Symbol
- NSE:MANUGRAPH
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Manugraph India Limited does
Based on the company's own presentations, annual report and earnings calls.
Manugraph India designs and manufactures web offset printing presses used by newspaper and commercial printers. It is India's largest manufacturer of web offset presses and the market leader in the niche 4-page newspaper offset printing press segment. Manufacturing operations are based at a factory in the MIDC Industrial Estate, Shiroli, Pulachi, Kolhapur (Maharashtra). The company has no subsidiaries, associates or joint ventures.
- Market position
- Largest manufacturer of web offset printing presses in India; leader in the 4-page newspaper offset printing press niche
- Manufacturing facility
- Kolhapur, Maharashtra (MIDC Industrial Estate, Shiroli, Pulachi)
- Permanent employees
- 197 (as of Mar-2025)
- Subsidiaries / JVs
- None
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2018 to Mar 2023).
Financials
What the filings say
Net profit, year on year: +14% (quarter to mar 2023 against mar 2022).
| Line item | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4 | 16 | 13 | 13 | 6 | 25 | 13 | 35 |
| Expenses | 8 | 19 | 17 | 15 | 10 | 28 | 20 | 36 |
| Operating profit | -4 | -3 | -4 | -3 | -4 | -3 | -7 | -1 |
| Operating margin | −81.1% | −18.0% | −27.8% | −21.6% | −72.3% | −10.8% | −51.1% | −3.6% |
| Other income | 1 | 1 | -1 | 2 | 0 | 0 | 8 | 0 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -4 | -3 | -5 | -2 | -5 | -3 | 0 | -2 |
| Tax rate | 1.6% | 0.9% | −11.9% | 14.6% | 2.9% | 2.6% | 800.0% | −0.5% |
| Net profit | -4 | -3 | -4 | -2 | -5 | -3 | -0 | -2 |
| EPS (₹ per share) | -1.30 | -1.05 | -1.47 | -0.78 | -1.78 | -1.15 | -0.02 | -0.67 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|
| Sales | 30 | 46 | 80 |
| Expenses | 45 | 59 | 95 |
| Operating profit | -16 | -13 | -15 |
| Other income | -8 | 2 | 8 |
| Interest | 2 | 2 | 3 |
| Depreciation | 2 | 1 | 1 |
| Profit before tax | -28 | -14 | -11 |
| Net profit | -29 | -14 | -11 |
| Line item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|
| Equity capital | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 202 | 184 | 146 | 117 | 104 | 93 |
| Borrowings | 3 | 0 | 9 | 19 | 18 | 11 |
| Other liabilities | 96 | 66 | 66 | 41 | 43 | 62 |
| Total liabilities | 306 | 256 | 227 | 183 | 170 | 172 |
| Fixed assets | 101 | 97 | 95 | 93 | 92 | 90 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 48 | 11 | 0 | 0 | 0 | 0 |
| Other assets | 158 | 148 | 131 | 90 | 78 | 82 |
| Total assets | 306 | 256 | 227 | 183 | 170 | 172 |
| Line item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|
| Cash from operations | -28 | -14 | -29 | -22 | -1 | -6 |
| Cash from investing | 31 | 25 | 13 | 13 | 4 | 17 |
| Cash from financing | -7 | -5 | 6 | 7 | -4 | -10 |
| Net cash flow | -3 | 6 | -10 | -2 | -1 | 1 |
| Free cash flow | -24 | -14 | -29 | -21 | 0 | 2 |
| Line item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|
| Debtor days | 35 | 8 | 54 | 42 | 9 | 11 |
| Inventory days | 260 | 185 | 272 | 1033 | 675 | 384 |
| Days payable | 127 | 43 | 106 | 174 | 100 | 144 |
| Cash conversion cycle | 169 | 151 | 221 | 901 | 585 | 251 |
| Working capital days | 73 | 61 | 88 | 303 | 168 | 93 |
| Return on capital employed | −5.0% | −6.0% | −17.0% | −10.0% | −9.0% | −12.0% |
| Dividend payout | −13.0% | −9.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 57.67% as of Sept 2026; institutions added 0.00 pts since Jun 2026.
- Promoters 57.67%
- Domestic institutions 1.62%
- Public 40.71%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 1.07% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Manugraph India Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 19.74% | unchanged | |
| 13.67% | unchanged | |
| 12.38% | unchanged | |
| 3.80% | unchanged | |
| 3.57% | unchanged | |
| 2.92% | unchanged | |
| 2.06% | unchanged | |
| 1.80% | unchanged | |
| 1.79% | unchanged | |
| 1.44% | unchanged | |
| 1.26% | unchanged | |
| NBFC / DFI | 1.11% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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