Manorama Industries Ltd
NSE:MANORAMA
Manorama Industries Ltd
Manorama Industries Ltd. manufactures and exports of agricultural products and its derivatives such as Sal oil, Sal Stearine, Sal Oleine, Mango Fats, Mango Stearine, Mango Oleine, Kokum butter, Mowrah fat, custom made products , CBE , CBS and CBA. The company is headquartered in Raipur, Chhattisgarh. The company went IPO on 2018-10-04. The firm produces and supplies specialty fats and butters made from exotic seeds and nuts, such as mango kernels, sal seeds, and shea nuts, among others, to the premium food, chocolate and confectionery segment, as well as cosmetic conglomerates. The firm exports its products to various countries globally and sources nuts and seeds from West African countries. The firm's food applications include bakery products, plant-based food, chocolates and confectionery, technical products, culinary and savory, and animal nutrition. The firm's personal care applications include organic/ conventional cosmetic butter, organic cosmetic oil and organic glycerin. The firm also provides customized solutions.
Manorama Industries Ltd. manufactures and exports of agricultural products and its derivatives such as Sal oil, Sal Stearine, Sal Oleine, Mango Fats, Mango Stearine, Mango Oleine, Kokum butter, Mowrah fat, custom made products , CBE , CBS and CBA. The company is headquartered in Raipur, Chhattisgarh. The company went IPO on 2018-10-04. The firm produces and supplies specialty fats and butters made from exotic seeds and nuts, such as mango kernels, sal seeds, and shea nuts, among others, to the premium food, chocolate and confectionery segment, as well as cosmetic conglomerates. The firm exports its products to various countries globally and sources nuts and seeds from West African countries. The firm's food applications include bakery products, plant-based food, chocolates and confectionery, technical products, culinary and savory, and animal nutrition. The firm's personal care applications include organic/ conventional cosmetic butter, organic cosmetic oil and organic glycerin. The firm also provides customized solutions.
Revenue Growth: Manorama Industries reported Q3 revenue of INR 363 crores, up 73.3% year-on-year, and 9-month revenue of INR 975 crores, an 81.3% increase year-on-year.
Margin Performance: EBITDA margin remained strong at 27.1% for the quarter and 27.2% for the 9-month period, with PAT margin at 18.8% for Q3.
Guidance Raised: Full-year FY '26 revenue guidance was increased from INR 1,150 crores to INR 1,300 crores, reflecting confidence in continued growth.
Major CapEx Plans: The company announced INR 460 crores of capital expenditure over 2-3 years to significantly expand capacity in both India and West Africa.
Value-Added Focus: Value-added products contributed around 75% of Q3 sales; management targets 85-95% contribution in the coming years.
Capacity Expansion: Ongoing projects will grow fractionation capacity to 52,000 MT soon, with further 75,000 MT expansion and new product lines planned.
Working Capital Reduction: Working capital cycle currently at 120 days, expected to improve to 90-100 days as new products ramp up.
