Manorama Industries

Raipur, India Founded: 1970 • Age: 56 yrs Listed
Butter processing operations are managed in Raipur, India, since 1970.

About Manorama Industries

Manorama Industries is a publicly listed company based in Raipur (India) founded in 1970. Butter processing operations are managed in Raipur, India, since 1970. The company has 498 employees. Its website manoramagroup.co.in draws about 22 thousand monthly visits. Its Indian entity Manorama Industries Limited reported revenue of β‚Ή1,377 Cr. Manorama Industries offers products and services including Shea Butter and Organic Cosmetic Oils. Its focus areas include Food and Agriculture, Food Processing, Food Ingredients and Speciality Ingredients.

Company details

Manorama Industries was established in 1970 in Raipur, India, with a focus on the food processing sector. Butter and related specialty fats are processed for industrial applications, including confectionery and cosmetics. Operations are centered on manufacturing and quality control within domestic facilities. Leadership is held by Managing Director Vinita Ashish Saraf. Geographic activities remain primarily in India, supporting supply chains for key markets.

  • Headquarters Raipur, India
  • Employees 498
  • Stage Public
  • Sectors
    Consumer
  • Email
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  • Phone
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  • Website manoramagroup.co.in
  • Social LinkedIn X Facebook Instagram YouTube
  • Legal Name Manorama Industries Ltd.
Operational Areas
Key Metrics
  • Market Cap
    ₹12,554 Cr

    MANORAMA · NSE

  • Share Price
    ₹1,962.20

    -1.34% today

  • Revenue
    ₹1,367 Cr

    FY 2025-26 · +77.3% YoY

  • EBITDA
    ₹361 Cr

    Margin 26.4%

  • Net Profit
    ₹224 Cr

    FY 2025-26 · +104.7% YoY

  • P/E (TTM)
    47.9x

    P/B 10.5x

  • ROE
    39.4%

    ROCE 34.8%

  • Debt / Equity
    0.73

    Interest cover 11.3x

  • Employee Count
    498

Products & Services of Manorama Industries

Manorama Industries offers a comprehensive portfolio of products and services, including Shea Butter and Organic Cosmetic Oils.

Shea Butter
Agricultural Products

Shea Butter is processed for use in personal care and food applications, emphasizing sustainable sourcing from tree-borne sources.

Organic Cosmetic Oils
Personal Care Products

Organic Cosmetic Oils, including Castor and Neem Oil, are developed for beauty and industrial uses through eco-friendly methods.

Apps and channels of Manorama Industries

its YouTube channel Manorama Industries Limited has 136 subscribers.

Manorama Industries Limited
YouTube 136 subscribers Autos & Vehicles
Open channel

Board of directors of Manorama Industries Limited (Manorama Industries)

Manorama Industries Limited is the primary company behind Manorama Industries. The board of Manorama Industries Limited currently have 10 directors; the longest-serving is Vinita Ashish Saraf, appointed in 2006. 8 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Vinita Ashish Saraf
DIN 00208621
Whole-time director25 Mar 200620 yrs 7 moManorama Industries Limited
Gautam Kumar Pal
DIN 07645652
Whole-time director10 Jan 20188 yrs 9 moManorama Industries Limited
Jose Vailappallil Joseph
DIN 08540226
Director19 Aug 20197 yrs 2 moManorama Industries Limited
Shrey Ashish Saraf
DIN 07907037
Whole-time director19 Aug 20197 yrs 2 moManorama Industries Limited
Nipun Sumanlal Mehta
DIN 00255831
Director05 Mar 20215 yrs 8 moManorama Industries Limited
Veni Mocherla
DIN 08082163
Director22 Dec 20214 yrs 10 moManorama Industries Limited
Ashok Jain
DIN 09791163
Whole-time director15 Nov 20223 yrs 11 moManorama Industries Limited
Ashish Ramesh Saraf
DIN 00183357
Managing Director23 Oct 20242 yrsManorama Industries Limited
Subhaprada Nishtala
DIN 08124635
Director26 Apr 20251 yr 6 moManorama Industries Limited
Rohini Tiwari
DIN 11924749
Additional Director04 Sep 20262 moManorama Industries Limited

People of Manorama Industries

19 people are tracked at Manorama Industries (8 in leadership, 10 in board & advisors, 1 in team); the tracked headcount is 498.

NameRoleGroup
Managing DirectorLeadership
Deep Saraf
VP, Business DevelopmentLeadership
Chandan Gupta
Vice PresidentLeadership
Yogendra Puri Goswami
Vice PresidentLeadership
Vishal Hotchand Narang
Director, Manorama Africa LimitedLeadership
PresidentLeadership
Raj Shekhar
Vice PresidentLeadership
Krishnadath Bhaggan
VP, R&D Product DevelopmentLeadership
DirectorBoard & advisors
Mudit Kumar Singh
DirectorBoard & advisors
Ruchi Jaiswal
Deputy Company SecretaryBoard & advisors
ChairpersonBoard & advisors
DirectorBoard & advisors
DirectorBoard & advisors
DirectorBoard & advisors
Ashish Bakliwal
DirectorBoard & advisors
DirectorBoard & advisors
DirectorBoard & advisors
Ekta Soni
Manager, IR & Banking CompliancesTeam
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Complete people profiles for Manorama Industries

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IPO & Listings of Manorama Industries

Manorama Industries is a publicly listed company on the NSE with ticker symbol MANORAMA in India, operating in the Consumer non-durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date01 Jul 2022
  • Listed onNSE: MANORAMA
  • Listed entityManorama Industries Ltd.
  • Exchange sectorConsumer non-durables
  • ISININE00VM01036
  • Share price₹1,993.10 (-0.47% on the day) · 2026-10-14
  • Market capitalisation₹12,639 Cr
  • Price to earnings48.2
  • EPS (diluted, trailing year)₹41.31
  • Dividend yield0.04%
  • Volume (last session)87,184

Financials of Manorama Industries

Exchange-reported figures of Manorama Industries Limited, the listed company behind Manorama Industries (NSE: MANORAMA).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹1,367 Cr
+77.3% YoY
EBITDA
₹361 Cr
+93.9% YoY
Profit After Tax
₹224 Cr
+104.7% YoY
Net Worth
₹682 Cr
+48.4% YoY
Total Assets
₹1,046 Cr
+10.7% YoY
Total Debt
₹356 Cr
-26.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25
Income statement
Revenue1,367771
Revenue growth+77.3%-
EBITDA361186
EBITDA margin+26.4%+24.2%
Profit before tax308146
Net profit224110
Net profit margin+16.4%+14.2%
EPS (β‚Ή)37.6718.42
Balance sheet
Total assets1,046944
Net worth682460
Total debt356482
Cash & bank93.8798.35
Net working capital782755
Cash flow
Cash from operations250(56.90)
Cash from investing(78.23)(33.64)
Cash from financing(165)92.77
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue404391363323290233209195
Revenue growth (YoY)+39.5%+68.1%+73.3%+65.4%+117.0%---
Other income16.18(7.09)11.600.645.769.523.913.49
EBITDA10697.4710287.6874.7061.2654.1444.24
EBITDA margin+26.3%+24.9%+28.2%+27.1%+25.8%+26.3%+25.9%+22.6%
Depreciation6.167.436.426.055.736.406.005.61
Interest9.909.3711.367.789.2511.9610.947.78
Profit before tax10673.5895.9074.4965.4852.4241.1134.34
Tax27.6821.1223.6119.6118.5512.3610.668.59
Net profit78.6552.4672.2954.8846.9340.0630.4525.75
EPS (β‚Ή)13.178.7912.109.187.856.695.094.30
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,358771457351279203188
Revenue growth+76.1%+68.6%+30.3%+25.7%+37.8%+7.6%-
EBITDA36819173.5156.4438.9334.6843.84
EBITDA margin+27.1%+24.8%+16.1%+16.1%+14.0%+17.1%+23.3%
Profit before tax31614853.1643.0533.5122.3832.36
Net profit23311240.0929.7124.2114.6022.92
Net profit margin+17.2%+14.5%+8.8%+8.5%+8.7%+7.2%+12.2%
EPS (β‚Ή)39.0618.806.7324.9820.2613.1020.97
Balance sheet
Total assets1,058947685410378230247
Net worth695462337298268145127
Total debt35548234611010885.35119
Cash & bank91.3696.1887.5459.9453.0417.4136.37
Net working capital785757509260264159184
Cash flow
Cash from operations259(58.73)(154)59.28(33.36)33.49(60.08)
Cash from investing(87.25)(33.99)(62.09)(99.47)(34.54)10.88(9.99)
Cash from financing(165)92.79214(7.12)117(44.57)85.27
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue404382363323290233209195
Revenue growth (YoY)+39.5%+64.2%+73.3%+65.4%+117.0%---
Other income16.03(5.33)10.960.645.099.061.943.48
Total expenses295279264236211169154150
EBITDA10910398.2187.6878.9763.9155.1745.21
EBITDA margin+27.0%+26.9%+27.1%+27.1%+27.3%+27.5%+26.4%+23.1%
Depreciation6.127.406.396.055.726.405.995.61
Interest9.909.3111.267.789.2011.9510.947.78
Profit before tax10980.8291.5274.4969.1454.6240.1835.30
Tax27.6321.3023.2719.6118.5712.3510.668.59

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 09 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue404391363323290233209195
Revenue growth (YoY)+39.5%+68.1%+73.3%+65.4%+117.0%---
Other income16.18(7.09)11.600.645.769.523.913.49
EBITDA10697.4710287.6874.7061.2654.1444.24
EBITDA margin+26.3%+24.9%+28.2%+27.1%+25.8%+26.3%+25.9%+22.6%
Depreciation6.167.436.426.055.736.406.005.61
Interest9.909.3711.367.789.2511.9610.947.78
Profit before tax10673.5895.9074.4965.4852.4241.1134.34
Tax27.6821.1223.6119.6118.5512.3610.668.59
Net profit78.6552.4672.2954.8846.9340.0630.4525.75
EPS (β‚Ή)13.178.7912.109.187.856.695.094.30
ParticularsFY 2025-26FY 2024-25
Revenue1,367771
Revenue growth+77.3%-
Other income10.3521.00
Total expenses1,005584
Employee cost72.3149.99
EBITDA361186
EBITDA margin+26.4%+24.2%
Depreciation25.6522.13
Interest37.8739.19
Profit before tax308146
Tax83.2536.29
Net profit224110
Net profit margin+16.4%+14.2%
EPS (β‚Ή)37.6718.42
ParticularsFY 2025-26FY 2024-25
Equity & liabilities
Share capital11.9411.92
Reserves & surplus670448
Shareholders' funds (net worth)682460
Minority interest0.000.00
Secured loans353481
Unsecured loans2.471.46
Total debt356482
Total liabilities1,046944
Assets
Gross block282238
Net block196176
Capital work in progress18.224.70
Investments0.000.00
Inventories728550
Sundry debtors62.49102
Cash & bank balances93.8798.35
Loans & advances49.4839.63
Total current assets934790
Total current liabilities15135.30
Net working capital782755
Total assets1,046944
ParticularsFY 2025-26FY 2024-25
Opening cash2.650.42
Net cash from operating activities250(56.90)
Net cash from investing activities(78.23)(33.64)
Net cash from financing activities(165)92.77
Net change in cash7.292.24
Closing cash93.8798.35
ParticularsFY 2025-26FY 2024-25
Growth
Sales growth+77.3%-
EBITDA growth+93.9%-
PBT growth+111.0%+9997.0%
Net income growth+104.7%-
Profitability & leverage
Net income margin+16.5%+14.2%
Return on capital employed+34.8%+19.6%
Return on net worth+39.4%+23.9%
Debt / equity0.731.05
Long-term debt / equity0.070.10
Interest cover11.2823.86
Efficiency & per share
Fixed asset turnover5.263.24
Inventory turnover2.141.40
Debtors turnover16.657.58
EPS (β‚Ή)37.6718.42
Dividend per share (β‚Ή)0.800.60
Book value per share (β‚Ή)114.2477.14
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue404382363323290233209195
Revenue growth (YoY)+39.5%+64.2%+73.3%+65.4%+117.0%---
Other income16.03(5.33)10.960.645.099.061.943.48
Total expenses295279264236211169154150
EBITDA10910398.2187.6878.9763.9155.1745.21
EBITDA margin+27.0%+26.9%+27.1%+27.1%+27.3%+27.5%+26.4%+23.1%
Depreciation6.127.406.396.055.726.405.995.61
Interest9.909.3111.267.789.2011.9510.947.78
Profit before tax10980.8291.5274.4969.1454.6240.1835.30
Tax27.6321.3023.2719.6118.5712.3510.668.59
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,358771457351279203188
Revenue growth+76.1%+68.6%+30.3%+25.7%+37.8%+7.6%-
Other income11.3618.5613.156.128.246.155.95
Total expenses990580384294240168144
Employee cost61.3147.9219.5312.829.647.526.91
EBITDA36819173.5156.4438.9334.6843.84
EBITDA margin+27.1%+24.8%+16.1%+16.1%+14.0%+17.1%+23.3%
Depreciation25.5622.1213.6110.857.897.967.66
Interest37.5539.1619.898.665.7710.499.77
Profit before tax31614853.1643.0533.5122.3832.36
Tax82.7436.2813.0713.299.367.789.03
Net profit23311240.0929.7124.2114.6022.92
Net profit margin+17.2%+14.5%+8.8%+8.5%+8.7%+7.2%+12.2%
EPS (β‚Ή)39.0618.806.7324.9820.2613.1020.97
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital11.9411.9211.9211.9211.9211.1311.13
Reserves & surplus683450325286256134116
Shareholders' funds (net worth)695462337298268145127
Secured loans35448134611010885.35119
Unsecured loans1.181.460.000.000.000.000.00
Total debt35548234611010885.35119
Total liabilities1,058947685410378230247
Assets
Gross block28123816912371.1064.5663.94
Net block19517612996.6355.3156.6051.38
Capital work in progress18.224.7041.9150.1741.580.000.00
Investments10.280.500.000.000.000.000.00
Inventories710549389158181123150
Sundry debtors56.2710241.8227.5825.0922.3616.26
Cash & bank balances91.3696.1887.5459.9453.0417.4136.37
Loans & advances67.1144.5737.3825.0820.3417.1423.22
Total current assets925792556270280180226
Total current liabilities14034.8147.259.9716.0321.1841.74
Net working capital785757509260264159184
Total assets1,058947685410378230247
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.490.421.8849.190.400.602.18
Net cash from operating activities259(58.73)(154)59.28(33.36)33.49(60.08)
Net cash from investing activities(87.25)(33.99)(62.09)(99.47)(34.54)10.88(9.99)
Net cash from financing activities(165)92.79214(7.12)117(44.57)85.27
Net change in cash6.950.07(1.47)(47.31)48.79(0.20)15.19
Closing cash91.3696.1887.5459.9453.0417.4136.37
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+76.1%+68.6%+30.3%+25.7%+37.8%+7.6%-
EBITDA growth+92.5%+159.9%+30.2%+45.0%+12.3%-20.9%-
PBT growth+113.0%+179.0%+23.5%+28.5%+49.7%-30.8%+21.8%
Net income growth+108.0%+179.2%+34.9%+22.7%+65.8%-36.3%-
Revenue CAGR (3Y)+57.0%+40.3%+31.2%+23.1%+39.7%-1.2%+9.0%
EBITDA CAGR (3Y)+86.8%+69.9%+28.5%+8.8%+11.2%+27.6%+151.4%
Profitability & leverage
Net income margin+17.2%+14.5%+8.8%+8.5%+8.7%+7.2%+12.4%
Return on capital employed+35.3%+23.0%+13.4%+13.1%+12.9%+13.8%+22.5%
Return on net worth+40.3%+28.1%+12.6%+10.5%+11.7%+10.7%+20.2%
Debt / equity0.721.040.720.390.470.750.62
Long-term debt / equity0.070.120.120.100.110.060.00
Interest cover10.9723.1833.2119.0018.5939.2627.00
Efficiency & per share
Fixed asset turnover5.233.793.133.614.113.155.01
Inventory turnover2.161.641.672.071.831.482.01
Debtors turnover17.1910.7413.1713.3211.7610.4912.38
EPS (β‚Ή)39.0618.806.7324.9820.2613.1020.97
Dividend per share (β‚Ή)0.800.600.402.000.000.000.00
Book value per share (β‚Ή)116.3877.5056.55250.26225.05130.06114.36

Web traffic of Manorama Industries

The website of Manorama Industries (manoramagroup.co.in) receives about 22.4K visits a month.

  • Monthly visits
    22.4K

    ▲ 35.7% vs previous month

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Top companies in Food Processing

2 companies that operate in the same segment as Manorama Industries (Food Processing) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Fruits and vegetables processing services are provided by Sahyadri Farms.
2011Nashik, Maharashtra, IndiaUSD 84.86 MUSD 115.08 M2,299
Brand of beverage products
1995Gurugram, Haryana, IndiaUSD 133 MUSD 2.33 B12,570
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Frequently Asked Questions about Manorama Industries

Manorama Industries was founded in 1970.

Manorama Industries is headquartered in Raipur, India. It is registered at Raipur, Chhattisgarh, India.

Manorama Industries has 498 employees.

The primary company behind Manorama Industries, Manorama Industries Limited, reported revenue of β‚Ή1,377 Cr for FY 2026, up 77% year on year.

Manorama Industries was established in 1970 in Raipur, India, with a focus on the food processing sector. Butter and related specialty fats are processed for industrial applications, including confectionery and cosmetics. Operations are centered on manufacturing and quality control within domestic facilities. Leadership is held by Managing Director Vinita Ashish Saraf. Geographic activities remain primarily in India, supporting supply chains for key markets.

Manorama Industries offers Shea Butter and Organic Cosmetic Oils.

Yes, Manorama Industries is publicly traded on NSE under the ticker symbol MANORAMA.

Manorama Industries operates through Manorama Industries Limited.

The legal entities of Manorama Industries currently have 11 directors, including Nipun Sumanlal Mehta, Ashok Jain, Gautam Kumar Pal and others.

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