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Manugraph India Limited
(MANUGRAPH)
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Rating:59Neutral
Price Target:
₹24.50
▲(69.55% Upside)
Action:Reiterated
Date:09/24/26
The score is driven mainly by improving fundamentals (FY2026 profit recovery and low leverage) but is held back by weak and inconsistent cash flow conversion. Technicals show a strong uptrend, yet very overbought momentum signals increase near-term risk. Valuation is supportive with a moderate P/E.
Positive Factors
FY2026 Earnings Recovery
The return to positive earnings alongside double-digit revenue growth marks a meaningful operational recovery after several difficult years. If maintained, improved profitability can strengthen internal funding capacity, support reinvestment in machinery and services, and rebuild confidence in the business model.
Negative Factors
Weak Cash Conversion
Thin cash generation relative to reported profit indicates that earnings are not yet converting reliably into funds available for reinvestment or shareholder returns. Repeated volatility in operating and free cash flow can constrain flexibility and make future growth more dependent on working-capital movements.
Read all positive and negative factors
Positive Factors
Negative Factors
FY2026 Earnings Recovery
The return to positive earnings alongside double-digit revenue growth marks a meaningful operational recovery after several difficult years. If maintained, improved profitability can strengthen internal funding capacity, support reinvestment in machinery and services, and rebuild confidence in the business model.
Read all positive factors
Manugraph India Limited (MANUGRAPH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹613.47M
Dividend Yield3.46%
Average Volume (3M)10.00K
Price to Earnings (P/E)12.9
Beta (1Y)1.47
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. Volume24,191
30 Day Avg. Volume10,000
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
Positive
14.45
Price Trends
15.71
Positive
15.48
Positive
15.10
Positive
Market Momentum
1.15
Negative
85.46
Negative
83.57
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANUGRAPH, the sentiment is Positive. The current price of 14.45 is below the 20-day moving average (MA) of 16.10, below the 50-day MA of 15.71, and below the 200-day MA of 15.10, indicating a bullish trend. The MACD of 1.15 indicates Negative momentum. The RSI at 85.46 is Negative, neither overbought nor oversold. The STOCH value of 83.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | ₹23.60B | 18.16 | ― | 0.51% | 4.81% | 16.32% | |
69 Neutral | ₹51.63B | 80.39 | ― | 0.60% | -16.88% | -34.25% | |
68 Neutral | ₹9.70B | 20.02 | ― | 0.27% | 32.82% | -5.53% | |
61 Neutral | ₹246.88B | 77.85 | ― | ― | 17.44% | -4.39% | |
59 Neutral | ₹613.47M | 12.85 | ― | 3.46% | 5.45% | ― | |
58 Neutral | ₹9.93B | 11,153.79 | ― | 0.24% | -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
22.14
-0.28
-1.25%
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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.