Case study

MANORAMA

MANORAMA INDUSTRIES LTD

Worth a closer look1y model +34.5%

Each stock's 10,000-path forecast, rendered as light.

0Score

MANORAMA INDUSTRIES LTD (MANORAMA) Stock Analysis & Case Study

Is MANORAMA a good buy? The data-driven verdict.

MANORAMA INDUSTRIES LTD (MANORAMA) trades at ₹1,547,on the numbers it worth a closer look, a Downstox Snapshot Score of 55/100.

On the numbers, MANORAMA INDUSTRIES LTD (MANORAMA) worth a closer look, a Downstox Snapshot Score of 55/100, weighing expensive at 41.0× earnings, ROE of 39.4%, a 73% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 20272031.

Last updated . Data snapshot for research, not investment advice.

MANORAMA fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹9,233 Cr
Current price
₹1,547
P/E ratio
41.0×
P/B ratio
13.57×
Book value
₹114
Dividend yield
0.04%
ROCE
35.0%
ROE
39.4%
Piotroski F-Score
4/9

Is MANORAMA overvalued? MANORAMA P/E vs its sector

MANORAMA's P/E of 41.0× sits above the sector peer median of 15.9×, so on earnings it screens richer than peers, while its 0.04% dividend yield is below the peer median of 1.65%.

MANORAMA P/E
41.0×
Peer median P/E
15.9×
MANORAMA div yield
0.04%
Peer median yield
1.65%

MANORAMA share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 2.0y of MANORAMA history (42%/yr drift, 49%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
MANORAMA 2027₹1,125₹2,095₹3,876+34%
MANORAMA 2028₹1,141₹2,812₹6,982+80%
MANORAMA 2029₹1,302₹3,832₹11,202+146%
MANORAMA 2030₹1,465₹5,237₹18,143+236%
MANORAMA 2031₹1,706₹7,040₹28,602+352%

Median (P50) is the central estimate; the P10–P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability MANORAMA goes up, or doubles?

73%
Higher in 1 year
Modelled chance the price is above today in 12 months
91%
Higher in 5 years
Modelled chance the price is above today in 5 years
77%
Doubles in 5 years
Modelled chance of reaching ₹3,116 within 5 years

The bull case for MANORAMA

  • High return on equity (39.4%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise.
  • Strong ROCE (35.0%) shows the core business earns well above its cost of capital.
  • A 10,000-path probability model puts a 73% chance the price is higher in a year, with a median target of ₹2,095 (+34%).
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹11,202.

The bear case & risks

  • A rich 41.0× P/E leaves a thin margin of safety if growth slows.
  • A steep 13.6× price-to-book means most of the value is intangible/expectations, not assets on the books.
  • High historical volatility (49%/yr) means a wide, bumpy range of outcomes, size positions accordingly.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹1,302.

MANORAMA volatility & expected range, how bumpy is the ride?

Over the last 2.0 years MANORAMA compounded at 42%/year with annualized volatility of 49%. That volatility implies a 1-year 80% range of ₹1,125₹3,876, the honest backbone behind any single price target.

MANORAMA price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 2.0 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
34.5%
80% range₹1,125–₹3,876
P(price ↑)73%
P(price 2×)21%
3-Year Forecast
2029
₹0
Median (P50)
145.9%
80% range₹1,302–₹11,202
P(price ↑)86%
P(price 2×)60%
5-Year Forecast
2031
₹0
Median (P50)
351.8%
80% range₹1,706–₹28,602
P(price ↑)91%
P(price 2×)77%

MANORAMA price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
MANORAMA simulated paths · 60 months · 10,000 trials
P10–P90 (80%)P25–P75 (50%)Median (P50)

Probability of key outcomes

What are the odds MANORAMA hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the MANORAMA price target & forecast page.

MANORAMA Piotroski F-Score: 4/9, how financially strong is it?

4/9

The Piotroski F-Score grades financial strength on nine profitability, leverage and efficiency checks. MANORAMA scores 4/9,mixed financial health.

MANORAMA MTF margin & leverage, Upstox, Zerodha, Groww, Dhan

Margin Trading Facility lets you buy MANORAMA with part of the capital. Lower margin % = higher leverage. Rates compared across brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
UpstoxCHEAPEST37.2%2.7×
ZerodhaCHEAPEST37.2%2.7×
DhanCHEAPEST37.2%2.7×

Compare every broker on the MANORAMA MTF page.

MANORAMA vs peers,sector comparison

StockP/EDiv yieldMarket cap
MANORAMA (this stock)41.0×0.04%₹9,233 Cr
RELIANCE23.1×0.45%₹17.95L Cr
TCS14.7×3.01%₹7.69L Cr
HDFCBANK15.9×1.65%₹12.11L Cr
INFY14.4×4.51%₹4.32L Cr
ICICIBANK17.9×0.81%₹9.70L Cr
SBIN11.5×1.67%₹9.61L Cr

About MANORAMA INDUSTRIES LTD: sector, index & market-cap context

MANORAMA INDUSTRIES LTD (MANORAMA) is a small-cap NSE-listed company, and a constituent of the Nifty 500 index group, with a market capitalisation of ₹9,233 Cr. See more Nifty 500 stocks.

How the MANORAMA Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of MANORAMA INDUSTRIES LTD's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

MANORAMA analysis, FAQs

Is MANORAMA INDUSTRIES LTD (MANORAMA) a good buy?

On the numbers, MANORAMA INDUSTRIES LTD (MANORAMA) worth a closer look, a Downstox Snapshot Score of 55/100, weighing expensive at 41.0× earnings, ROE of 39.4%, a 73% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is MANORAMA overvalued or undervalued?

MANORAMA trades at 41.0× earnings versus a peer median of 15.9×, so it screens richer than its sector peers.

What is the MANORAMA share price target for 2031?

MANORAMA's probability-weighted 2031 median target is ₹7,040, with an 80% range of ₹1,706₹28,602 (10,000-path Monte-Carlo).

What is the probability MANORAMA doubles in 5 years?

The modelled probability of MANORAMA reaching ₹3,116 (2×) within 5 years is 77%.

What is the bull case for MANORAMA?

High return on equity (39.4%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise. Strong ROCE (35.0%) shows the core business earns well above its cost of capital. A 10,000-path probability model puts a 73% chance the price is higher in a year, with a median target of ₹2,095 (+34%).

What are the risks in MANORAMA?

A rich 41.0× P/E leaves a thin margin of safety if growth slows. A steep 13.6× price-to-book means most of the value is intangible/expectations, not assets on the books. High historical volatility (49%/yr) means a wide, bumpy range of outcomes, size positions accordingly.

More on MANORAMA