Price
Financials
Consolidated, Rs crore| Sep 2025 | Mar 2026 | |
|---|---|---|
| Sales | 60 | 44 |
| Expenses | 52 | 41 |
| Operating Profit | 9 | 3 |
| OPM % | 14% | 7% |
| Other Income | 0 | 0 |
| Interest | 3 | 3 |
| Depreciation | 1 | 2 |
| Profit before tax | 4 | -1 |
| Tax % | 28% | -20% |
| Net Profit | 3 | -1 |
| EPS in Rs | 1.87 | -0.53 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 70 | 115 | 148 | 138 | 140 | 104 |
| Expenses | 65 | 108 | 139 | 124 | 122 | 93 |
| Operating Profit | 5 | 7 | 9 | 14 | 18 | 12 |
| OPM % | 8% | 6% | 6% | 10% | 13% | 11% |
| Other Income | 1 | -0 | 1 | 0 | 2 | 0 |
| Interest | 3 | 4 | 5 | 7 | 8 | 6 |
| Depreciation | 2 | 2 | 2 | 3 | 3 | 3 |
| Profit before tax | 1 | 1 | 2 | 5 | 9 | 3 |
| Tax % | 25% | 41% | 30% | 30% | 33% | 32% |
| Net Profit | 1 | 1 | 2 | 3 | 6 | 2 |
| EPS in Rs | 4.38 | 3.13 | 6.91 | 13.65 | 27.70 | 0.94 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 8% | -11% | -26% | ||
| Compounded Profit Growth | % | 20% | 9% | -68% | ||
| Stock Price CAGR | % | % | % | % | ||
| Return on Equity | % | 9% | 11% | 4% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 22 |
| Reserves | 11 | 20 | 21 | 24 | 32 | 49 |
| Borrowings | 43 | 48 | 61 | 73 | 62 | 51 |
| Other Liabilities | 30 | 52 | 49 | 50 | 63 | 49 |
| Total Liabilities | 87 | 122 | 133 | 150 | 159 | 171 |
| Fixed Assets | 28 | 31 | 35 | 33 | 30 | 29 |
| CWIP | 2 | 1 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 56 | 89 | 99 | 116 | 129 | 142 |
| Total Assets | 87 | 122 | 133 | 150 | 159 | 171 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1 | -5 | -3 | -4 | 18 | -6 |
| Cash from Investing Activity | -8 | -4 | -5 | -1 | 1 | -1 |
| Cash from Financing Activity | 7 | 9 | 8 | 6 | -18 | 17 |
| Net Cash Flow | 0 | -0 | -0 | 0 | -0 | 10 |
| Free Cash Flow | -6 | -10 | -8 | -5 | 18 | -7 |
| CFO/OP | 25% | -69% | -27% | -27% | 105% | -50% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 178 | 148 | 144 | 178 | 209 | 223 |
| Inventory Days | 127 | 153 | 119 | 161 | 176 | 330 |
| Days Payable | 151 | 166 | 126 | 134 | 178 | 188 |
| Cash Conversion Cycle | 153 | 134 | 137 | 205 | 207 | 365 |
| Working Capital Days | 72 | 68 | 31 | 37 | 50 | 134 |
| ROCE % | 8% | 10% | 13% | 18% | 8% |
| Mar 2026 | |
|---|---|
| Promoters | 61.93% |
| FIIs | 10.24% |
| DIIs | 0.23% |
| Public | 27.60% |
| No. of Shareholders | 255 |
Fundamentals
Market Cap₹ 87.4 Cr.
Current Price₹ 40.0
Stock P/E42.6
Book Value₹ 32.3
ROCE8.47 %
ROE3.93 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-26%
Compounded Profit Growth (TTM)-68%
Consolidated figures.
Valuation
Market capRs 83 Cr
Enterprise valueRs 131 Cr
P/E (TTM)115.31x
Price to book3.72x
Price to sales0.72x
EV / EBITDA17.90x
EV / EBIT25.18x
EV / sales1.13x
Earnings yield0.87%
Profitability
Operating margin (excl. other income)6.36%
Operating margin (incl. other income)6.32%
EBITDA margin6.32%
Pre-tax margin1.07%
Net profit margin0.62%
ROE4.05%
ROCE8.19%
ROA0.69%
ROIC (approx.)4.40%
Tax rate40.65%
Other income / net worth-0.18%
Growth
Sales growth (latest year)64.77%
Profit growth (latest year)-7.69%
Per share
EPS (TTM)Rs 0.33
EPS (latest year)Rs 3.13
Book value per shareRs 10.21
Sales per shareRs 52.83
Cash flow per shareRs -2.38
Free cash flow per shareRs -3.20
Efficiency
Asset turnover0.95x
Fixed asset turnover3.67x
Inventory turnover2.54x
Inventory days144 days
Debtor days148 days
Debtors turnover2.47x
Creditor days188 days
Cash conversion cycle365 days
Working capital days134 days
Leverage
Total debtRs 48 Cr
Cash and bankRs 0 Cr
Net debtRs 48 Cr
Debt to equity2.14x
Net debt / EBITDA6.53x
Interest coverage1.31x
Owners' fund to total sources18.35%
Debt to assets39.28%
Cash flow
Cash from Operating Activity (latest year)Rs -5 Cr
Cash from Investing Activity (latest year)Rs -4 Cr
Cash from Financing Activity (latest year)Rs 9 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -7 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Cash from ops / profit, 5 years0.00x
Statement figures
Net sales (TTM)Rs 115 Cr
Net sales (latest year)Rs 115 Cr
Operating profit excl. other income (latest year)Rs 7 Cr
Other income (TTM)Rs -0 Cr
EBITDA (TTM)Rs 7 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 2 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 100 Cr
Total expenditure (latest year)Rs 108 Cr
Total income (latest year)Rs 115 Cr
Share capitalRs 2 Cr
ReservesRs 20 Cr
Shareholders' fundsRs 22 Cr
Total assetsRs 122 Cr
Net blockRs 31 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 0 Cr
ReceivablesRs 47 Cr
InventoryRs 39 Cr
Other liabilitiesRs 52 Cr
Shares outstanding (crore)2.18
Ownership
Promoter holding61.93%
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | MANILAM | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.0% | -2.8% | -2.2 pts |
| 1 month | -22.4% | -6.8% | -15.7 pts |
| 3 months | -38.9% | -7.6% | -31.2 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was -270% of net profit over the last 2 years |
| explain | Low interest cover Interest cover 1.3x in 2026 |
| look | Inventory outrunning sales Inventory grew 105% vs sales +65% in 2026 |
| look | Share dilution Share count up 28% in a year |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
No quarterly results published.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Century Plyboards (India) Ltd | 14,774 | 49.8 | 11.5 % |
| Stylam Industries Ltd | 5,655 | 33.4 | 26.6 % |
| Greenlam Industries Ltd | 5,496 | 59.6 | 8.12 % |
| Greenply Industries Ltd | 3,500 | 31.3 | 14.3 % |
| Greenpanel Industries Ltd | 1,947 | 290 | -0.40 % |
| Rushil Decor Ltd | 472 | 19.8 | 4.68 % |
| Archidply Industries Ltd | 200 | 14.5 | 10.2 % |
| Ecoboard Industries Ltd | 160 | -43.0 % | |
| Western India Plywoods Ltd | 139 | 4.04 % | |
| Airo Lam Ltd | 134 | 25.4 | 9.76 % |
| Duroply Industries Ltd | 110 | 81.2 | 7.73 % |
| Sylvan Plyboard (India) Ltd | 101 | 14.2 | 9.83 % |
| Milton Industries Ltd | 60 | 33.1 | 5.98 % |
| Lamosaic India Ltd | 52 | 31.7 | 4.52 % |
| Archidply Decor Ltd | 38 | 764 | 2.45 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly tradedScrip PE is greater than 50 (4 trailing quarters)
Quick answers
What is the market cap of Manilam Industries India Ltd?
Manilam Industries India Ltd (MANILAM) has a market capitalisation of Rs 87.4 Cr. at the 2026-10-01 close.
What is the P/E ratio of Manilam Industries India Ltd?
Manilam Industries India Ltd trades at a P/E of 42.6 on trailing twelve-month profit, at the 2026-10-01 close.
What is the 52-week high and low of Manilam Industries India Ltd?
The 52-week high is Rs 67.00 and the 52-week low is Rs 37.60.