Manorama Industries Achieves 52-Week High Amid Strong Growth and Investor Interest

Manorama Industries, a midcap player in the solvent extraction industry, has made headlines today by reaching a new 52-week high of Rs. 1519.95. This milestone reflects the company's robust performance, particularly in the context of its impressive annual growth rates. Over the past year, Manorama Industries has achieved a remarkable 167.10% return, significantly outperforming the Sensex, which has seen a gain of only 11.10%.
The company has demonstrated strong management efficiency, highlighted by a return on capital employed (ROCE) of 15.26%. Financial metrics indicate healthy long-term growth, with net sales increasing at an annual rate of 39.66% and operating profit soaring by 58.58%. Notably, the company reported its highest quarterly net sales at Rs. 232.81 crore and an operating profit margin of 27.45%.

Despite a slight underperformance today compared to its sector, Manorama Industries is trading above its key moving averages, indicating a bullish technical trend. Additionally, institutional investors have shown increased interest, raising their stake by 0.71% in the last quarter. With consistent returns over the past three years, Manorama Industries continues to solidify its position in the market.