---
title: "Alternicq Ltd (MANJUSHREE) — Share Price, Financials & Analysis"
symbol: "MANJUSHREE"
company: "Alternicq Ltd"
canonical: "https://tapetide.com/stocks/MANJUSHREE"
generated_at: "2026-10-13T11:02:28.185Z"
---

# Alternicq Ltd (MANJUSHREE)

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

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** manjushreeindia.com

## About

Manjushree Technopack Limited manufactures and sells PET/plastics preforms, containers, and blow films in India and internationally.

## Latest Price

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 34% | -5% | 16% |
| revenue growth | 27% | 28% | 21% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 105.64 | 122.15 | 83.29 | 106.26 | 125.98 | 169.01 | 104.77 | 112.59 |
| Expenses | 81.86 | 92.42 | 64.95 | 84.99 | 97.69 | 131.51 | 84.5 | 90.23 |
| Operating Profit | 23.78 | 29.73 | 18.34 | 21.27 | 28.29 | 37.5 | 20.27 | 22.36 |
| OPM % | 22.51 | 24.34 | 22.02 | 20.02 | 22.46 | 22.19 | 19.35 | 19.86 |
| Other Income | 0.59 | 0.71 | 0.55 | 0.56 | 4.74 | 1.53 | 0.96 | 0.45 |
| Interest | 4.13 | 4.71 | 4.36 | 5.94 | 6.84 | 5.68 | 4.12 | 4.55 |
| Depreciation | 9.34 | 10.68 | 11.06 | 11.16 | 10.13 | 9.39 | 14.69 | 12.38 |
| Profit before tax | 10.9 | 15.05 | 3.47 | 4.73 | 16.06 | 23.96 | 2.42 | 5.88 |
| Tax % | 40.46 | 39.4 | 24.78 | 27.91 | 29.95 | 34.06 | 29.34 | 15.99 |
| Net Profit | 6.49 | 9.13 | 2.61 | 3.41 | 11.25 | 15.8 | 1.72 | 4.93 |
| EPS in Rs | 4.79 | 6.74 | 1.93 | 2.52 | 8.3 | 11.66 | 1.27 | 3.64 |

### Profit & Loss

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

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 149 | 216 | 309 | 361 | 438 | 523 | 543 | 644 | 904 | 1149 |
| Expenses | 121 | 169 | 250 | 282 | 344 | 409 | 401 | 464 | 707 | 939 |
| Operating Profit | 28 | 47 | 60 | 79 | 94 | 114 | 141 | 180 | 197 | 210 |
| OPM % | 19 | 22 | 19 | 22 | 21 | 22 | 26 | 28 | 22 | 18 |
| Other Income | 1 | 1 | 2 | 4 | 11 | 3 | 6 | 4 | 1 | 6 |
| Interest | 4 | 6 | 11 | 13 | 22 | 21 | 15 | 27 | 42 | 41 |
| Depreciation | 10 | 19 | 19 | 32 | 43 | 47 | 45 | 79 | 104 | 98 |
| Profit before tax | 16 | 23 | 30 | 38 | 39 | 49 | 87 | 78 | 53 | 77 |
| Tax % | 32 | 35 | 32 | 36 | 33 | 30 | 34 | 26 | 30 | 35 |
| Net Profit | 11 | 15 | 20 | 24 | 26 | 35 | 58 | 58 | 37 | 50 |
| EPS in Rs | 7.8 | 10.92 | 15.13 | 17.82 | 19.48 | 25.58 | 42.62 | 42.94 | 27.14 | 36.8 |
| Dividend Payout % | 13 | 9 | 7 | 6 | 5 | 4 | 5 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 55 | 68 | 87 | 109 | 134 | 167 | 222 | 280 | 317 | 353 |
| Borrowings | 52 | 106 | 131 | 224 | 274 | 233 | 202 | 462 | 460 | 469 |
| Other Liabilities | 43 | 29 | 49 | 79 | 81 | 64 | 52 | 122 | 118 | 156 |
| Total Liabilities | 163 | 217 | 280 | 425 | 503 | 478 | 489 | 879 | 909 | 992 |
| Fixed Assets | 92 | 97 | 149 | 235 | 227 | 212 | 263 | 491 | 449 | 426 |
| CWIP | 0 | 15 | 4 | 5 | 14 | 21 | 3 | 16 | 16 | 33 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 71 | 105 | 127 | 185 | 263 | 244 | 223 | 372 | 445 | 533 |
| Total Assets | 163 | 217 | 280 | 425 | 503 | 478 | 489 | 879 | 909 | 992 |

### Cash Flow

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

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 11 | -16 | 74 | 56 | -8 | 114 | 112 | 83 | 105 | 124 |
| Cash from Investing Activity | -33 | -39 | -85 | -135 | -16 | -52 | -60 | -320 | -65 | -79 |
| Cash from Financing Activity | 30 | 47 | 10 | 79 | 24 | -63 | -52 | 239 | -41 | -44 |
| Net Cash Flow | 8 | -8 | 0 | 0 | 0 | 0 | 0 | 2 | -2 | 0 |
| Free Cash Flow | -22 | -54 | -2 | 58 | -2 | 61 | 50 | -239 | 39 | 43 |
| CFO/OP | 48 | -16 | 141 | 89 | 5 | 114 | 102 | 58 | 65 | 77 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 66 | 55 | 54 | 66 | 66 | 61 | 70 | 97 | 83 | 77 |
| Inventory Days | 101 | 150 | 64 | 82 | 155 | 98 | 107 | 179 | 149 | 121 |
| Days Payable | 39 | 34 | 32 | 18 | 31 | 11 | 13 | 35 | 48 | 49 |
| Cash Conversion Cycle | 129 | 172 | 86 | 130 | 190 | 148 | 163 | 241 | 183 | 148 |
| Working Capital Days | 62 | 131 | 74 | 91 | 143 | 109 | 112 | 143 | 124 | 115 |
| ROCE % | 18 | 19 | 20 | 17 | 15 | 17 | 24 | 18 | 12 | 14 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 36.31 | Sell |
| EMA (10) | 36.13 | Sell |
| SMA (20) | 36.64 | Sell |
| EMA (20) | 36.54 | Sell |
| SMA (50) | 38.21 | Sell |
| EMA (50) | 37.79 | Sell |
| SMA (100) | 38.82 | Sell |
| EMA (100) | 39.88 | Sell |
| SMA (200) | 44.49 | Sell |
| EMA (200) | 39.74 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.08 | Neutral |
| MACD (12,26,9) | -0.51 | Sell |
| Stochastic (14,3,3) | 35.3 | Neutral |
| ADX (14) | 14.8 | Neutral |
| Williams %R (14) | -80.41 | Buy |
| ATR (14) | 5.28 | High Volatility |
| ROC (12) | -10.61 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 63.93 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/532950/5329500313.pdf) |
| 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport//5329500313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/532950/5329500312.PDF) |
| 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport//5329500312.PDF) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/532950/5329500311.pdf) |
| 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport//5329500311.pdf) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/532950/5329500310.pdf) |
| 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport//5329500310.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-08-17 | Credit rating update — CRISIL |
| 2026-05-20 | Credit rating update — CRISIL |
| 2026-02-25 | Credit rating update — CRISIL |
| 2025-12-30 | Credit rating update — CRISIL |
| 2024-12-03 | Credit rating update — CRISIL |
| 2024-04-19 | Credit rating update — CRISIL |
| 2024-01-04 | Credit rating update — CRISIL |
| 2023-06-20 | Credit rating update — CRISIL |
| 2023-03-17 | Credit rating update — CRISIL |

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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 2026-10-13T11:02:28.185Z.