Manorama Industries Limited (MANORAMA) - Net Assets
Based on the latest financial reports, Manorama Industries Limited (MANORAMA) has net assets worth Rs5.63 Billion INR (≈ $60.85 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs10.24 Billion ≈ $110.71 Million USD) and total liabilities (Rs4.61 Billion ≈ $49.86 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MANORAMA financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs5.63 Billion |
| % of Total Assets | 54.96% |
| Annual Growth Rate | 43.51% |
| 5-Year Change | 217.65% |
| 10-Year Change | 3438.25% |
| Growth Volatility | 86.67 |
Manorama Industries Limited - Net Assets Trend (2014–2025)
This chart illustrates how Manorama Industries Limited's net assets have evolved over time, based on quarterly financial data. Also explore MANORAMA total asset value for the complete picture of this company's asset base.
Annual Net Assets for Manorama Industries Limited (2014–2025)
The table below shows the annual net assets of Manorama Industries Limited from 2014 to 2025. For live valuation and market cap data, see Manorama Industries Limited stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs4.60 Billion ≈ $49.72 Million |
+36.41% |
| 2024-03-31 | Rs3.37 Billion ≈ $36.45 Million |
+12.97% |
| 2023-03-31 | Rs2.98 Billion ≈ $32.26 Million |
+11.20% |
| 2022-03-31 | Rs2.68 Billion ≈ $29.01 Million |
+85.35% |
| 2021-03-31 | Rs1.45 Billion ≈ $15.65 Million |
+13.73% |
| 2020-03-31 | Rs1.27 Billion ≈ $13.76 Million |
+22.45% |
| 2019-03-31 | Rs1.04 Billion ≈ $11.24 Million |
+320.34% |
| 2018-03-31 | Rs247.24 Million ≈ $2.67 Million |
+72.07% |
| 2017-03-31 | Rs143.68 Million ≈ $1.55 Million |
+10.58% |
| 2016-03-31 | Rs129.93 Million ≈ $1.41 Million |
+34.78% |
| 2015-03-31 | Rs96.40 Million ≈ $1.04 Million |
+11.50% |
| 2014-03-31 | Rs86.46 Million ≈ $935.06K |
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Equity Component Analysis
This analysis shows how different components contribute to Manorama Industries Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5560.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs2.76 Billion | 59.95% |
| Common Stock | Rs119.20 Million | 2.59% |
| Other Comprehensive Income | Rs4.48 Billion | 97.41% |
| Total Equity | Rs4.60 Billion | 100.00% |
Manorama Industries Limited Competitors by Market Cap
The table below lists competitors of Manorama Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Heilongjiang ZBD Pharmaceutical Co Ltd
SHG:603567
|
$974.90 Million |
|
Everlight Chemical Industrial Corp
TW:1711
|
$975.03 Million |
|
Fujian Apex Software Co Ltd
SHG:603383
|
$975.53 Million |
|
Longyan Zhuoyue New Energy Co Ltd
SHG:688196
|
$975.64 Million |
|
Lushang Property Co Ltd
SHG:600223
|
$974.35 Million |
|
Equity Bancshares, Inc.
NYSE:EQBK
|
$974.10 Million |
|
Shenzhen Jiang and Associates Creative Design Co Ltd
SHE:300668
|
$973.96 Million |
|
Guangdong Hongtu Technology Holdings Co Ltd
SHE:002101
|
$973.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Manorama Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,370,079,000 to 4,597,219,000, a change of 1,227,140,000 (36.4%).
- Net income of 1,097,896,000 contributed positively to equity growth.
- Dividend payments of 23,840,000 reduced retained earnings.
- Other comprehensive income increased equity by 4,465,768,000.
- Other factors decreased equity by 4,312,684,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs1.10 Billion | +23.88% |
| Dividends Paid | Rs23.84 Million | -0.52% |
| Other Comprehensive Income | Rs4.47 Billion | +97.14% |
| Other Changes | Rs-4.31 Billion | -93.81% |
| Total Change | Rs- | 36.41% |
Book Value vs Market Value Analysis
This analysis compares Manorama Industries Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 19.64x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 1040.16x to 19.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-03-31 | Rs1.45 | Rs1509.00 | x |
| 2015-03-31 | Rs1.62 | Rs1509.00 | x |
| 2016-03-31 | Rs2.18 | Rs1509.00 | x |
| 2017-03-31 | Rs2.41 | Rs1509.00 | x |
| 2018-03-31 | Rs4.15 | Rs1509.00 | x |
| 2019-03-31 | Rs17.44 | Rs1509.00 | x |
| 2020-03-31 | Rs21.35 | Rs1509.00 | x |
| 2021-03-31 | Rs24.43 | Rs1509.00 | x |
| 2022-03-31 | Rs45.01 | Rs1509.00 | x |
| 2023-03-31 | Rs50.04 | Rs1509.00 | x |
| 2024-03-31 | Rs56.49 | Rs1509.00 | x |
| 2025-03-31 | Rs76.84 | Rs1509.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Manorama Industries Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 23.88%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.24%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 2.14x
- Recent ROE (23.88%) is above the historical average (15.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 10.37% | 0.86% | 4.90x | 2.45x | Rs315.70K |
| 2015 | 9.77% | 0.73% | 7.73x | 1.72x | Rs-224.20K |
| 2016 | 8.33% | 0.83% | 6.47x | 1.56x | Rs-2.17 Million |
| 2017 | 9.57% | 0.95% | 6.42x | 1.57x | Rs-616.10K |
| 2018 | 41.89% | 4.72% | 4.69x | 1.89x | Rs78.83 Million |
| 2019 | 18.34% | 18.73% | 0.77x | 1.27x | Rs86.68 Million |
| 2020 | 18.34% | 12.63% | 0.67x | 2.18x | Rs106.09 Million |
| 2021 | 10.02% | 7.33% | 0.78x | 1.74x | Rs243.85K |
| 2022 | 9.00% | 8.69% | 0.70x | 1.48x | Rs-26.81 Million |
| 2023 | 9.98% | 8.49% | 0.83x | 1.42x | Rs-548.30K |
| 2024 | 11.90% | 8.80% | 0.62x | 2.19x | Rs64.08 Million |
| 2025 | 23.88% | 14.24% | 0.78x | 2.14x | Rs638.17 Million |
Industry Comparison
This section compares Manorama Industries Limited's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $21,473,155,939
- Average return on equity (ROE) among peers: 13.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Manorama Industries Limited (MANORAMA) | Rs5.63 Billion | 10.37% | 0.82x | $974.40 Million |
| ADF Foods Limited (ADFFOODS) | $1.01 Billion | 13.22% | 0.18x | $313.83 Million |
| Ajooni Biotech Limited (AJOONI) | $416.69 Million | 2.70% | 0.41x | $7.82 Million |
| Agro Tech Foods Limited (ATFL) | $964.98 Million | 14.49% | 0.70x | $365.36 Million |
| Avanti Feeds Limited (AVANTIFEED) | $668.96 Million | -1.80% | 0.71x | $2.03 Billion |
| Adani Wilmar Limited (AWL) | $81.66 Billion | 7.13% | 1.57x | $2.75 Billion |
| Bombay Burmah Trading Corporation Limited (BBTC) | $56.67 Billion | 4.90% | 0.48x | $1.13 Billion |
| Mrs. Bectors Food Specialities Limited (BECTORFOOD) | $5.44 Billion | 16.55% | 0.53x | $650.88 Million |
| Bikaji Foods International Limited (BIKAJI) | $14.81 Billion | 13.57% | 0.31x | $1.83 Billion |
| Britannia Industries Limited (BRITANNIA) | $43.81 Billion | 49.73% | 1.02x | $14.92 Billion |
| CCL Products (India) Limited (CCL) | $9.28 Billion | 17.87% | 0.63x | $1.64 Billion |
About Manorama Industries Limited
Manorama Industries Limited manufactures, processes, and supplies specialty fats and butters from tree-borne, and plant-based seeds worldwide. The company offers shea butter and fat, sal butter, sal fat, shea oil, sal oil, sal stearine, shea stearine, mango butter and fat, mango oil, mango stearine, kokum butter and oil, mowrah fat, and de-oiled cakes, as well as cocoa, mowrah, and phulwara butte… Read more