Revenue and Profitability Trends
Manugraph India’s net sales have shown significant volatility over the past seven years. The company recorded its highest revenue in the fiscal year ending March 2017, with net sales nearing ₹286 crores. However, this figure declined sharply in subsequent years, falling to approximately ₹79.6 crores by March 2023. The steepest drop occurred between 2019 and 2021, where sales plummeted from over ₹251 crores to under ₹30 crores, reflecting considerable operational challenges.
Operating profit margins have consistently been negative during this period, with the margin excluding other income deteriorating from a marginal -0.21% in 2017 to a substantial -18.88% in 2023. The company’s operating profit (PBDIT) also remained in the red, with lo...
Read More








