Manorama Industries Ltd, established in 2005 and headquartered in Raipur, Chhattisgarh, is a leading manufacturer of specialty oils and fats, renowned for its sustainable and eco-friendly practices. The company has pioneered the production of tree-borne oils and fats in India, offering a diverse range of products such as Shea Butter, Mango Butter, Sal Butter, and other specialty fats and oils. Their commitment to sustainability is evident in their ethical sourcing practices, as they collaborate with forest dwellers and tribal communities to responsibly procure raw materials. With an extensive sourcing network spanning even the most remote parts of India, the company has positioned itself as a key player in various industries, including bakery, confectionery, plant-based food, culinary, animal nutrition, personal care, and technical products. Additionally, Manorama Industries provides value-added, tailor-made products, including ingredients for cocoa butter equivalents, further showcasing their innovation and adaptability. Dedicated to promoting healthier and sustainable living, the company aligns its quality processes with this ethos, ensuring its offerings contribute positively to both consumers and the environment.
Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
Promoters + | 57.26% | 57.26% | 57.26% | 57.26% | 54.42% |
FIIs + | 2.81% | 2.53% | 2.16% | 2.37% | 2.53% |
DIIs + | 2.55% | 2.51% | 1.74% | 1.79% | 4.70% |
Public + | 37.40% | 37.69% | 38.83% | 38.58% | 38.35% |
No. of Shareholders | 8,048 | 14,279 | 14,040 | 14,506 | 18,152 |
Manorama Industries Ltd’s shareholding pattern reflects dynamic ownership trends. As of December 2024, promoter holdings stood at 54.42%, a slight decrease from 57.26% earlier in the year, signaling reduced promoter stakes. Foreign Institutional Investors (FIIs) maintained a relatively stable presence, moving from 2.81% in December 2023 to 2.53% in December 2024. Domestic Institutional Investors (DIIs) exhibited a significant increase, climbing from 2.55% in December 2023 to 4.70% by year-end 2024, reflecting heightened institutional interest. Public shareholding saw marginal fluctuations, ending at 38.35% in December 2024 compared to 37.40% a year earlier. Additionally, the number of shareholders surged from 8,048 in December 2023 to 18,152 by December 2024, highlighting growing investor engagement with Manorama Industries.
You can buy Manorama Industries shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
When | Maximum Price | Minimum Price |
April 2025 | 1,121.77 | 862.90 |
May 2025 | 1,089.10 | 837.77 |
June 2025 | 1,138.11 | 875.47 |
July 2025 | 1,115.79 | 858.30 |
August 2025 | 1,150.30 | 884.85 |
September 2025 | 1,164.10 | 895.46 |
October 2025 | 1,194.37 | 918.75 |
November 2025 | 1,224.23 | 941.71 |
December 2025 | 1,279.32 | 984.09 |
As we move through 2025, Manorama Industries’ share price is expected to witness significant variations. Beginning in April 2025, the maximum share price is anticipated to reach ₹1,121.77, while the minimum share price may settle around ₹862.90. By December 2025, as the year concludes, the share price is expected to achieve its peak for the year, with a maximum of ₹1,279.32 and a minimum of ₹984.09.
When | Maximum Price | Minimum Price |
January 2026 | 1,317.70 | 1,013.61 |
February 2026 | 1,284.76 | 988.27 |
March 2026 | 1,310.45 | 1,008.04 |
April 2026 | 1,337.19 | 1,028.61 |
May 2026 | 1,323.95 | 1,018.43 |
June 2026 | 1,357.05 | 1,043.89 |
July 2026 | 1,330.44 | 1,023.42 |
August 2026 | 1,371.59 | 1,055.07 |
September 2026 | 1,399.02 | 1,076.17 |
October 2026 | 1,435.40 | 1,104.15 |
November 2026 | 1,471.28 | 1,131.76 |
December 2026 | 1,508.07 | 1,160.05 |
As we step into 2026, Manorama Industries’ share price is expected to exhibit a progressive upward trend. Starting in January 2026, the maximum share price is anticipated to reach ₹1,317.70, while the minimum share price may settle around ₹1,013.61. By December 2026, as the year approaches its end, the share price is expected to achieve its annual peak, with a maximum of ₹1,508.07 and a minimum of ₹1,160.05.
When | Maximum Price | Minimum Price |
January 2027 | 1,523.15 | 1,171.65 |
February 2027 | 1,562.20 | 1,201.69 |
March 2027 | 1,623.13 | 1,248.56 |
April 2027 | 1,591.30 | 1,224.08 |
May 2027 | 1,544.95 | 1,188.43 |
June 2027 | 1,614.48 | 1,241.90 |
July 2027 | 1,582.82 | 1,217.55 |
August 2027 | 1,631.77 | 1,255.21 |
September 2027 | 1,688.88 | 1,299.14 |
October 2027 | 1,732.80 | 1,332.92 |
November 2027 | 1,776.12 | 1,366.24 |
December 2027 | 1,820.52 | 1,400.40 |
When | Maximum Price | Minimum Price |
January 2028 | 1,856.93 | 1,428.41 |
February 2028 | 1,904.54 | 1,465.03 |
March 2028 | 1,978.82 | 1,522.17 |
April 2028 | 1,940.02 | 1,492.32 |
May 2028 | 1,883.51 | 1,448.86 |
June 2028 | 1,968.27 | 1,514.06 |
July 2028 | 1,929.68 | 1,484.37 |
August 2028 | 1,989.36 | 1,530.28 |
September 2028 | 2,058.99 | 1,583.84 |
October 2028 | 2,112.52 | 1,625.02 |
November 2028 | 2,165.33 | 1,665.64 |
December 2028 | 2,219.47 | 1,707.28 |
When | Maximum Price | Minimum Price |
January 2029 | 2,263.86 | 1,741.43 |
February 2029 | 2,321.90 | 1,786.08 |
March 2029 | 2,412.46 | 1,855.74 |
April 2029 | 2,365.16 | 1,819.35 |
May 2029 | 2,296.27 | 1,766.36 |
June 2029 | 2,399.60 | 1,845.85 |
July 2029 | 2,352.55 | 1,809.65 |
August 2029 | 2,425.31 | 1,865.62 |
September 2029 | 2,510.19 | 1,930.92 |
October 2029 | 2,575.46 | 1,981.12 |
November 2029 | 2,639.84 | 2,030.65 |
December 2029 | 2,705.84 | 2,081.42 |
When | Maximum Price | Minimum Price |
January 2030 | 2,759.96 | 2,123.04 |
February 2030 | 2,830.73 | 2,177.48 |
March 2030 | 2,941.12 | 2,262.40 |
April 2030 | 2,883.45 | 2,218.04 |
May 2030 | 2,799.47 | 2,153.44 |
June 2030 | 2,925.45 | 2,250.34 |
July 2030 | 2,868.09 | 2,206.22 |
August 2030 | 2,956.79 | 2,274.45 |
September 2030 | 3,060.28 | 2,354.06 |
October 2030 | 3,139.84 | 2,415.26 |
November 2030 | 3,218.34 | 2,475.65 |
December 2030 | 3,298.80 | 2,537.54 |
As we finally reach 2030, Manorama Industries’ share price is expected to demonstrate significant growth throughout the year. Starting in January 2030, the maximum share price is anticipated to reach ₹2,759.96, while the minimum share price may settle around ₹2,123.04. By December 2030, as the year concludes, the share price is projected to attain its peak for the year, with a maximum of ₹3,298.80 and a minimum of ₹2,537.54.
Financial Condition of Manorama Industries
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
Sales + | 188 | 203 | 279 | 351 | 457 | 667 |
Expenses + | 144 | 168 | 240 | 294 | 384 | 519 |
Operating Profit | 44 | 35 | 39 | 56 | 74 | 148 |
OPM % | 23% | 17% | 14% | 16% | 16% | 22% |
Other Income + | 6 | 6 | 8 | 6 | 13 | 13 |
Interest | 10 | 10 | 6 | 9 | 20 | 34 |
Depreciation | 8 | 8 | 8 | 11 | 14 | 19 |
Profit before tax | 32 | 22 | 34 | 43 | 53 | 108 |
Tax % | 28% | 35% | 28% | 31% | 25% | |
Net Profit + | 23 | 15 | 24 | 30 | 40 | 82 |
EPS in Rs | 4.2 | 2.62 | 4.05 | 5 | 6.73 | 13.8 |
Dividend Payout % | 0% | 0% | 0% | 8% | 6% |
Manorama Industries has shown consistent growth in its financial performance over recent years, reflecting its strong market presence and operational efficiency. The company’s sales have steadily increased from ₹188 crore in March 2020 to ₹457 crore in March 2024, with a further rise to ₹667 crore in the trailing twelve months (TTM). Expenses have also grown proportionally, from ₹144 crore in March 2020 to ₹519 crore in the TTM, indicating effective cost management alongside revenue expansion.
Manorama Industries’ operating profit has improved significantly, rising from ₹44 crore in March 2020 to ₹148 crore in the TTM. The Operating Profit Margin (OPM) has fluctuated, stabilizing at 22% in the TTM compared to 16% in March 2024. The company has benefited from consistent other income, reaching ₹13 crore in the TTM, while managing increased interest costs of ₹34 crore and depreciation of ₹19 crore.
The profit before tax has doubled over the years, from ₹32 crore in March 2020 to ₹108 crore in the TTM, with a corresponding rise in net profit from ₹23 crore to ₹82 crore. The company’s Earnings Per Share (EPS) has grown from ₹4.2 in March 2020 to ₹13.8 in the TTM, reflecting enhanced shareholder value. While dividend payouts have been modest, with a peak of 8% in March 2023, Manorama Industries demonstrates a Strong financial trajectory, reinforcing its reputation as a key player in the specialty oils and fats industry.
FAQs
What is the current market capitalization of Manorama Industries?
As of March 12th, 2025, the market cap is quite strong, standing at ₹6,075 Crores.
Manorama Industries shares are currently trading at ₹1,018 as of March 12th, 2025.
Looking ahead, the share price is expected to range between ₹837.77 to ₹1,279.32 by 2025.
The long-term outlook is optimistic, with a projected range of ₹2,123.04 to ₹3,298.80 by 2030.
What is the current Price-to-Earnings (PE) ratio of Manorama Industries?
Currently, the stock’s PE ratio is at a reasonable 73.8.
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Conclusion
Manorama Industries Ltd has solidified its position as a leading manufacturer of specialty oils and fats, emphasizing sustainability and innovation. The company has demonstrated consistent growth in financial performance, with sales rising from ₹188 crore in March 2020 to ₹667 crore in the TTM, supported by improved operating profit and net margins. The shareholding pattern reflects dynamic investor interest, with a notable increase in domestic institutional holdings and a growing shareholder base, signaling enhanced confidence in the company.
Looking ahead, the share price projections for 2025 to 2030 show a promising upward trajectory, driven by the company’s strong fundamentals and market presence. As Manorama Industries continues its commitment to sustainable practices and product innovation, it is poised for long-term value creation for stakeholders and a positive impact on the environment and society.
What did we learn?
- 1 Shareholdings Patterns of Manorama Industries
- 2 How to buy Manorama Industries shares?
- 3 Share Price Prediction of Manorama Industries: 2025 to 2030
- 4 Financial Condition of Manorama Industries
- 5 FAQs
- 5.1 What is the current market capitalization of Manorama Industries?
- 5.2 What is the current share price of Manorama Industries?
- 5.3 What is the share price target for Manorama Industries in 2025?
- 5.4 What is the share price target for Manorama Industries in 2030?
- 5.5 What is the current Price-to-Earnings (PE) ratio of Manorama Industries?
- 6 Conclusion