---
title: "Manilam Industries India Ltd (MANILAM) — Share Price, Financials & Analysis"
symbol: "MANILAM"
company: "Manilam Industries India Ltd"
canonical: "https://tapetide.com/stocks/MANILAM"
isin: "INE1ERK01013"
nse_symbol: "MANILAM"
sector: "Consumer Durables"
industry: "Plywood Boards/ Laminates"
market_cap_cr: 98.32
generated_at: "2026-09-13T19:15:07.918Z"
---

# Manilam Industries India Ltd (MANILAM)

Canonical page: https://tapetide.com/stocks/MANILAM

## Company

- **NSE Symbol:** MANILAM
- **ISIN:** INE1ERK01013
- **Sector:** Consumer Durables
- **Industry:** Plywood Boards/ Laminates
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2026-02-27
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** manilam.com

## About

Incorporated in 2015, Manilam Industries India Limited is engaged in the manufacturing and sale of Decorative Laminates and Plywood.[1]

## Latest Price

- **Price:** ₹43.45
- **Change:** -1.05 (-2.36%)
- **Open:** ₹43
- **Day High:** ₹45.45
- **Day Low:** ₹41.5
- **Previous Close:** ₹44.5
- **Volume:** 16000
- **As Of:** 2026-09-11T10:01:44+00:00

## Key Fundamentals

Observed at 2026-09-11T04:33:37.457734Z.

- **Market Cap:** ₹98.32 Cr
- **Classification:** SME
- **P/E (reported):** 47.3
- **Book Value:** ₹32.28
- **Price to Book:** 1.38
- **Dividend Yield:** 0%
- **ROE:** 2.92%
- **ROCE:** 12%
- **Debt to Equity:** 0.72
- **Revenue (yearly):** ₹104.7 Cr
- **Net Income:** ₹2.1 Cr
- **EBITDA:** ₹12.2 Cr
- **52-Week High:** ₹67
- **52-Week Low:** ₹44
- **RSI (14):** 31.79

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 8.28% over past five years.
- Company has a low return on equity of 11.8% over last 3 years.
- Company has high debtors of 223 days.
- Working capital days have increased from 73.5 days to 134 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -134.66% | -45.58% | -17.08% |
| ebitda margin growth | -16.94% | 12.05% | 83.86% |
| net income growth | -67.19% | 9% | 20% |
| revenue growth | -26.37% | -11% | 8% |
| roce | 42.9% | -50.64% | 12.24% |
| roe | 85.29% | 4.94% | -10.15% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 7 | 6 |
| Depreciation | 2 | 2 | 2 | 3 | 3 | 3 |
| Profit before tax | 1 | 1 | 2 | 5 | 11 | 3 |
| Tax % | 25 | 41 | 30 | 30 | 29 | 32 |
| Net Profit | 1 | 1 | 2 | 3 | 7 | 2 |
| EPS in Rs | 4.38 | 3.13 | 6.91 | 13.65 | 32.48 | 0.94 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |

### Ratios

| Item | 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 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Mar 2026 |
| --- | --- | --- |
| Promoters | 78.79% | 61.93% |
| FIIs | 0% | 10.24% |
| DIIs | 0% | 0.23% |
| Government | 0% | 0% |
| Public | 0% | 18.85% |
| Others | 21.21% | 8.75% |
| No. of Shareholders | 33 | 255 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 6 / 3 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 46.2 | Sell |
| EMA (10) | 46.44 | Sell |
| SMA (20) | 49.22 | Sell |
| EMA (20) | 48.8 | Sell |
| SMA (50) | 55.47 | Sell |
| EMA (50) | 51.7 | Sell |
| SMA (100) | 53.49 | Sell |
| EMA (100) | 46.82 | Sell |
| SMA (200) | 27.66 | Buy |
| EMA (200) | 34.67 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 27.77 | Buy |
| MACD (12,26,9) | -3 | Sell |
| Stochastic (14,3,3) | 7.44 | Buy |
| ADX (14) | 20.81 | Neutral |
| Williams %R (14) | -83.61 | Buy |
| ATR (14) | 2.01 | High Volatility |
| ROC (12) | -13.96 | Sell |
| Stoch RSI (14) | 8.68 | Buy |
| UO (7,14,28) | 46.89 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 July 2026 - Manilam Industries India Limited has informed about Resignation of Director/KMP/SMP | [Resignation of Director/KMP/SMP 9 July 2026 - Manilam Industries India Limited has informed about Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/MANILAM_ROID_91410_KMP_Doc.zip) |
| 9 July 2026 - Anubhav Kumar Nemani resigned immediately; Sreyas Agrawal resigns effective 15 July 2026. | [Resignation 9 July 2026 - Anubhav Kumar Nemani resigned immediately; Sreyas Agrawal resigns effective 15 July 2026.](https://nsearchives.nseindia.com/corporate/MANILAM_09072026122844_Covering_Letter_Resignation_AnuKNnSA__Final.pdf) |
| 9 Jul - Regulation 74(5) compliance certificate submitted for quarter ended June 30, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 Jul - Regulation 74(5) compliance certificate submitted for quarter ended June 30, 2026.](https://nsearchives.nseindia.com/corporate/MANILAM_09072026131939_Covering_Letter-Reg_74_5__of_DP_Reg_w_attachment.pdf) |
| 9 Jul - Manilam Industries India Limited has informed about Resignation of Director/KMP/SMP | [Resignation of Director/KMP/SMP 9 Jul - Manilam Industries India Limited has informed about Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/MANILAM_ROID_91412_KMP_Doc.zip) |
| 6 April 2026 - Trading window closes from April 1, 2026 until 48 hours after audited FY26 results. | [Trading Window 6 April 2026 - Trading window closes from April 1, 2026 until 48 hours after audited FY26 results.](https://nsearchives.nseindia.com/corporate/MANILAM_06042026183800_Covering_Letter-Closure_of_Trading_Window_signed.pdf) |
| 6 April 2026 - Regulation 74(5) certificate for quarter ended 31 March 2026 confirms dematerialization processing. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 April 2026 - Regulation 74(5) certificate for quarter ended 31 March 2026 confirms dematerialization processing.](https://nsearchives.nseindia.com/corporate/MANILAM_06042026184957_Reg_74_5__Covering_Letter_with_Annexure_signed.pdf) |
| 5 May 2026 - Manilam Industries India Limited has informed about Resignation of Director/KMP/SMP | [Resignation of Director/KMP/SMP 5 May 2026 - Manilam Industries India Limited has informed about Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/MANILAM_ROID_84296_KMP_Doc.zip) |
| 5 May 2026 - Manilam Industries India Limited has informed about Resignation of Director/KMP/SMP | [Resignation of Director/KMP/SMP 5 May 2026 - Manilam Industries India Limited has informed about Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/MANILAM_ROID_84295_KMP_Doc.zip) |
| 5 June 2026 - Umesh Kumar Nemani has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, … | [Disclosure under SEBI Takeover Regulations 5 June 2026 - Umesh Kumar Nemani has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …](https://nsearchives.nseindia.com/corporate/team_sandeshc_22052026130707_26.pdf) |
| 5 June 2026 - Manilam Retail India Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and … | [Disclosure under SEBI Takeover Regulations 5 June 2026 - Manilam Retail India Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and …](https://nsearchives.nseindia.com/corporate/team_sandeshc_30042026114239_SAST_MRIPL.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30765_MANILAM_2025_2026_A_72146781_27082026225502.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:15:07.918Z.