Shares of Manorama Industries (NSE: MANORAMA), which deals in food products, rose 10% in a single day after the company announced a stock sub-split in the range of 1:5.
Shares of Manorama Industries Limited closed at Rs 2,028.00 with a gain of 8.31 percent. The price of shares rose by 8.31 percent.
The company has also fixed its record date to determine the shareholders eligible for the stock split reward.
Manorama Industries Stock Split
According to Manorama Industries’ regulatory filing, the company has fixed Friday, March 08, 2024 as the “record date” to determine the eligibility of equity shareholders for sub-division/stock division of existing equity shares of the company.
Each equity share of face value Rs 10 will be sub-divided into equity shares of face value Rs 2 per equity share in the ratio of 1:5. This stock will be ex-split on March 8.
Manorama Industries Results
Revenue during 9 months of FY24 stood at Rs 3,277.5 crore, registering a growth of 31.6% year-on-year.
The company saw the company grow because of increased sales and increased demand from both export and domestic markets in Russia, Latin America, Japan, and Europe.
EBITDA for 9 months of FY24 grew 32% year-on-year to Rs 527.5 crore.
EBITDA margin during this period stood at 16.1%. PAT during 9 months of FY24 grew 39.6% YoY to Rs 276 crore. PAT margin increased by 48 bps YoY to 8.4%.
In 2005, MIL was founded. MIL is a world-class butters, special fats, and other exotic products manufacturer.
The company has established itself in the manufacturing of Sal CBE and Stearin, Shea CBE and Stearin, Mango CBE and Stearin and other exotic fats and butters.
MIL offers solutions to Fortune 500 companies in the confectionery, chocolate and cosmetics industries.
About Manorama Industries Ltd
Manorama Industries Limited is an Indian-based business that engages in the production of specialty butters and oils made using plant-based, tree-borne seeds & nuts.
The company manufactures and distributes specialty butters and oils made of exotic seeds and nuts like sal seeds, mango kernels and shea nuts in addition to the chocolate, food and confectionery industry and cosmetic conglomerates.
They export their products to a variety of nations around the world and source their seeds and nuts in West African countries.
The food products offered by the Company include bakery products, food made from plants confectionery and chocolates technical items including culinary and savory as well as animal nutritional.
Personal care products of the Company comprise organic and conventional cosmetic butter organic cosmetic oil, organic cosmetics and organic Glycerin. The Company also offers custom solutions.
Fundamental Analysis of Manorama Industries Ltd
| Market Cap | ₹ 2,405 Cr. |
| Current Price | ₹ 2,028 |
| 52-wk High | ₹ 2,400 |
| 52-wk Low | ₹914 |
| Stock P/E | 64.0 |
| Book Value | ₹ 265 |
| Dividend | 0.10 % |
| ROCE | 13.2 % |
| ROE | 10.5 % |
| Face Value | ₹ 10.0 |
| P/B Value | 7.61 |
| OPM | 16.1 % |
| EPS | ₹ 31.5 |
| Debt | ₹ 248 Cr. |
| Debt to Equity | 0.79 |
Manorama Industries Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 57.26% |
| Mar 2023 | 57.26% |
| June 2023 | 57.26% |
| Sept 2023 | 57.26% |
| Dec 2023 | 57.26% |
| FII Holding | |
| Dec 2022 | 2.20% |
| Mar 2023 | 2.26% |
| June 2023 | 2.60% |
| Sept 2023 | 2.80% |
| Dec 2023 | 2.81% |
| DII Holding | |
| Dec 2022 | 3.46% |
| Mar 2023 | 3.46% |
| June 2023 | 3.40% |
| Sept 2023 | 3.27% |
| Dec 2023 | 2.55% |
| Public Holding | |
| Dec 2022 | 37.09% |
| Mar 2023 | 37.02% |
| June 2023 | 36.75% |
| Sept 2023 | 36.69% |
| Dec 2023 | 37.40% |
Manorama Industries Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹102 Cr |
| 2020 | ₹188 Cr |
| 2021 | ₹203 Cr |
| 2022 | ₹279 Cr |
| 2023 | ₹429 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹19 Cr |
| 2020 | ₹23 Cr |
| 2021 | ₹15 Cr |
| 2022 | ₹24 Cr |
| 2023 | ₹38 Cr |
Last 10 Years’ Profit Growth:
| 10 Years: | 44% |
| 5 Years: | 24% |
| 3 Years: | 9% |
| Last Year: | 41% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 14% |
| 5 Years: | 14% |
| 3 Years: | 11% |
| Current Year: | 10% |
Sales Growth Over 10 Years:
| 10 Years: | 13% |
| 5 Years: | 11% |
| 3 Years: | 23% |
| Current Year: | 31% |
Conclusion
This article is a complete guide about Manorama Industries Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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