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Manugraph India Limited
(MANUGRAPH)
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Rating:62Neutral
Price Target:
₹17.50
▲(21.11% Upside)
Action:Reiterated
Date:09/26/26
The score is anchored by improving fundamentals but tempered by weak and inconsistent cash-flow conversion, which raises sustainability risk despite the FY2026 profit rebound. Technicals are a meaningful positive with a clear uptrend and supportive momentum, while valuation is moderately attractive on a ~10.8x P/E but lacks dividend support.
Positive Factors
FY2026 earnings rebound
The return to profitability alongside double-digit revenue growth shows a meaningful improvement in operating performance after a difficult period. If this recovery persists, stronger sales and positive margins could rebuild earnings capacity and provide resources for continued business investment.
Negative Factors
Weak cash conversion
Thin cash generation limits the quality and durability of the latest profit rebound because reported earnings are not converting strongly into funds available for reinvestment or debt reduction. Continued weak conversion could constrain self-funded growth and increase sensitivity to working-capital swings.
Read all positive and negative factors
Positive Factors
Negative Factors
FY2026 earnings rebound
The return to profitability alongside double-digit revenue growth shows a meaningful improvement in operating performance after a difficult period. If this recovery persists, stronger sales and positive margins could rebuild earnings capacity and provide resources for continued business investment.
Read all positive factors
Manugraph India Limited (MANUGRAPH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹508.24M
Dividend Yield3.46%
Average Volume (3M)15.26K
Price to Earnings (P/E)8.9
Beta (1Y)1.55
Revenue Growth5.45%
EPS GrowthN/A
CountryIN
Employees190
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)1.83
Shares Outstanding30,415,060
10 Day Avg. Volume40,619
30 Day Avg. Volume15,262
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.51
Price to Sales (P/S)0.33
P/FCF Ratio149.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Manugraph India Limited Business Overview & Revenue Model
Company Description
Manugraph India Limited engages in the manufacture and sale of printing machines in India and worldwide. It provides newspaper web offset, folder, and packaging and converting machines, as well as involved in manufacture of engineering components....
How the Company Makes Money
Manugraph primarily makes money by selling printing presses and other printing machinery to commercial printers, publishers, and related print businesses. A second, typically recurring, revenue stream comes from after-sales support for the install...
Manugraph India Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
74
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 826.80M | 886.37M | 593.48M | 657.58M | 790.91M | 454.26M |
| Gross Profit | 165.67M | 215.08M | -6.47M | 174.22M | 224.60M | 171.38M |
| EBITDA | -19.71M | 83.97M | -233.98M | -165.70M | -67.59M | -117.53M |
| Net Income | 55.90M | 49.54M | -266.93M | -198.58M | -112.98M | -139.48M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.37B | 1.42B | 1.51B | 1.72B | 1.70B |
| Cash, Cash Equivalents and Short-Term Investments | 19.17M | 26.25M | 30.75M | 4.30M | 16.40M | 83.81M |
| Total Debt | 0.00 | 30.00M | 70.00M | 176.43M | 105.00M | 177.81M |
| Total Liabilities | -580.38M | 785.87M | 888.89M | 713.50M | 728.40M | 603.06M |
| Stockholders Equity | 580.38M | 580.38M | 532.75M | 797.11M | 991.40M | 1.10B |
Cash Flow | ||||||
| Free Cash Flow | 30.48M | 1.98M | -20.73M | -66.20M | -66.50M | -13.85M |
| Operating Cash Flow | 31.14M | 5.12M | -19.37M | -65.10M | -61.00M | -8.15M |
| Investing Cash Flow | 10.74M | 32.91M | 145.58M | 3.87M | 166.60M | 36.41M |
| Financing Cash Flow | -13.79M | -40.23M | -106.75M | 50.00M | -100.30M | -35.97M |
Manugraph India Limited Technical Analysis
Neutral
14.45
Price Trends
16.18
Positive
15.78
Positive
15.18
Positive
Market Momentum
0.59
Positive
45.17
Neutral
10.30
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANUGRAPH, the sentiment is Neutral. The current price of 14.45 is below the 20-day moving average (MA) of 17.29, below the 50-day MA of 16.18, and below the 200-day MA of 15.18, indicating a neutral trend. The MACD of 0.59 indicates Positive momentum. The RSI at 45.17 is Neutral, neither overbought nor oversold. The STOCH value of 10.30 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MANUGRAPH.
Manugraph India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹24.56B | 18.97 | ― | 0.49% | 4.81% | 16.32% | |
69 Neutral | ₹43.90B | 71.21 | ― | 0.67% | -16.88% | -34.25% | |
68 Neutral | ₹9.46B | 19.92 | ― | 0.27% | 32.82% | -5.53% | |
62 Neutral | ₹508.24M | 8.91 | ― | 3.46% | 5.45% | ― | |
61 Neutral | ₹235.37B | 72.81 | ― | ― | 17.44% | -4.39% | |
58 Neutral | ₹9.90B | 110.90 | ― | 0.25% | -13.28% | -79.30% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:MANUGRAPH
Manugraph India Limited
16.20
-5.20
-24.30%
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592.10
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402.55
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-39.36%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.