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Manorama Industries Limited (MANORAMA) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹94.6B

MI Manorama Industries Limited MANORAMA · NSE
Price₹1,562
Fair Value₹721.12
Upside-53.8%
Quality67/100
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Evidence: High Range ₹529.88 – ₹2,132

Fair value as of: Jul 3, 2026

From 26 valuation models · updated today

Share price +6.3% over the past month.

Price vs Fair Value (12 months)

₹1,655 ₹1,076 Fair Value ₹721.12 Jun 2025 Jul 2026

12‑month range ₹1,076 – ₹1,655 · fair‑value band ₹529.88 – ₹2,132 · the ₹1,562 price screens above the ₹721.12 fair value. As of Jul 3, 2026.

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Analysis

Manorama Industries Limited (MANORAMA) currently trades at ₹1,562, while our model-based Fair Value estimate is ₹721.12 — implying the stock looks roughly 53.8% overvalued today. We read business quality at 67/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Manorama Industries Limited generated revenue of ₹13.7B at a net margin of 16.5%. Revenue grew 68.1% year over year. It earns a return on equity of 39.4%. Net debt stands at ₹2.6B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹13.7B
Revenue growth (YoY) +68.1%
Net margin 16.5%
Return on equity 39.4%
Free cash flow ₹1.7B FY2026
P/E ratio 43.9
More key figures
Operating margin 22.3%
EPS (TTM) ₹36.05
Dividend yield 0.1%
EPS growth (YoY) +31.5%
Net debt ₹2.6B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

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, and animal nutrition industries. …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Manorama Industries Limited reported revenue of ₹13.7B in FY2026 versus ₹2.8B in FY2022, a compound +48.9%/yr. Reported net income was ₹2.1B in FY2026, compounding +72.7%/yr from FY2022.

Revenue +48.9%/yr
FY22 ₹2.8B
FY23 ₹3.5B
FY24 ₹4.6B
FY25 ₹7.7B
FY26 ₹13.7B
Net income +72.7%/yr
FY22 ₹241M
FY23 ₹298M
FY24 ₹401M
FY25 ₹1.1B
FY26 ₹2.1B

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Similar stocks

6 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

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Frequently asked questions

Is Manorama Industries Limited (MANORAMA) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹721.12 versus a price of ₹1,562 — about −54% (overvalued). Model-based estimate, not financial advice.
What is the fair value of MANORAMA?
Our model-based fair value for Manorama Industries Limited is ₹721.12 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹1,562.
What is the quality score of MANORAMA?
Manorama Industries Limited has a Quality Score of 67/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Manorama Industries Limited (MANORAMA)?
Manorama Industries Limited reported trailing-twelve-month revenue of about ₹13.7B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of MANORAMA?
The net profit margin of Manorama Industries Limited is about 16.5%, meaning it keeps roughly 16.5% of revenue as net income. Based on the latest reported figures.
Does Manorama Industries Limited pay a dividend?
Manorama Industries Limited currently shows a dividend yield of about 0.05% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.