Manilam Industries (MANILAM)

Score breakdown: P/E: 2/3 · ROCE: 1/2 · Growth: 0/2 · Dividend: 0/1

Key Financials

Strengths

• Moderate valuation: P/E of 15.57 on a ₹115 Cr market cap is not excessively demanding for a profitable company.
• ROCE of 17.42% indicates a reasonably efficient use of capital employed.
• Latest quarter is profitable with sales of ₹60 Cr and net profit of ₹3 Cr.
• Current price of ₹54.50 sits above the 52-week low of ₹46.00, showing some market support.

Concerns

• Piotroski F-Score of 3/9 signals weak fundamental health and possible financial stress.
• Sales growth and profit growth are both 0.00%, with no dividend yield to compensate shareholders.
• Critical data missing: book value, debt/equity, and promoter holding are unavailable, so margin of safety cannot be assessed.
• Net profit margin of roughly 5% on latest quarterly sales is thin and leaves little room for downturns.

AI Analysis

Look at Manilam Industries and I am reminded of Graham's warning: the investor's chief problem is himself. The market prices it at ₹54.50, a ₹115 Cr market cap, and a P/E of 15.57. That is not an obvious bargain, but neither is it expensive. Latest quarter shows sales of ₹60 Cr and net profit of ₹3 Cr; if that is indicative, profit margins are thin, around 5%. ROCE of 17.42% is respectable, and it tells me the existing capital base earns a decent return. But a 3-out-of-9 Piotroski F-Score is a red flag: fundamental health is weak, with possible deterioration in profitability, leverage, or efficiency. Sales and profit growth are both 0.00%, dividend yield is 0.00%, and I have no book value, no debt/equity, and no promoter holding data. This is not the kind of business I can confidently project ten years out. Without a visible moat or reliable growth, I cannot call it a great compounding machine. It looks more like a slow grower, or possibly a business whose future depends on capital allocation and industry conditions I cannot see. At this price, I would need a much stronger balance sheet and evidence of earned, fundable growth. For a Graham-style investor, the absence of data is itself a fact: if the numbers are not available, I cannot compute a margin of safety. I would wait on the sidelines, watching for fuller disclosure and for the operating score to improve before committing capital.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer