₹15.28
▲ +0.45 +3.03%
18 Jul 2026
BSE Listed · Capital Goods-Non Electrical Equipment
ESM 1Manugraph India Ltd. (505324)
Volume: 481Avg Vol 1W: 1,017Avg Vol 1M: 1,18752W Range:₹9.25₹24.1
Key Ratios
Checked 8h agoMarket Cap₹47 Cr
Current Price₹15.28
Previous Close₹14.83
High / Low (52w)₹24.1 / ₹9.25
Volume481
Avg Vol (1W)1,017
Avg Vol (1M)1,187
Stock P/E—
Book Value₹32.6
Dividend Yield0%
ROE-17.67%
ROA-6.41%
Revenue (TTM)—
Revenue Growth72.8%
Profit Margin-13.86%
Total Debt₹0 Cr
Shares Outstanding3 Cr
Face Value₹2
EPS (TTM)₹0
P/B0.47
Debt / Equity0.14
50 DMA₹15.3
200 DMA₹16.42
Day change+3.03%
SurveillanceESM 1 (as of 2026-07-18)
Price Chart
₹15.28▼ 25.10% · 1Y
2025-07-182026-07-17
20-day avg volume: 1K shares
Pros
- Company is almost debt-free.
- Revenue grew 69% YoY.
- Stock trades below its book value.
Cons
- Company is loss-making at the latest annual result.
Quarterly Results
| Metric | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4 Cr | ₹16 Cr | ₹13 Cr | ₹13 Cr | ₹6 Cr | ₹25 Cr | ₹13 Cr | ₹35 Cr |
| EBITDA | ₹-3 Cr | ₹-3 Cr | ₹-3 Cr | ₹-3 Cr | ₹-5 Cr | ₹-3 Cr | ₹-6 Cr | ₹-1 Cr |
| Net Profit | ₹-4 Cr | ₹-3 Cr | ₹-4 Cr | ₹-2 Cr | ₹-5 Cr | ₹-3 Cr | ₹0 Cr | ₹-2 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹322 Cr | ₹264 Cr | ₹195 Cr | ₹256 Cr | ₹124 Cr | ₹33 Cr | ₹48 Cr | ₹81 Cr |
| EBITDA | ₹11 Cr | ₹0 Cr | ₹-2 Cr | ₹-8 Cr | ₹-29 Cr | ₹-14 Cr | ₹-12 Cr | ₹-15 Cr |
| Net Profit | ₹6 Cr | ₹-35 Cr | ₹-14 Cr | ₹-16 Cr | ₹-35 Cr | ₹-29 Cr | ₹-14 Cr | ₹-11 Cr |
| EPS | 2.1 | -11.62 | -4.68 | -5.37 | -11.61 | -9.44 | -4.59 | -3.63 |
Balance Sheet
| Metric | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹315 Cr | ₹313 Cr | ₹306 Cr | ₹256 Cr | ₹227 Cr | ₹183 Cr | ₹170 Cr | ₹172 Cr |
| Total Liabilities | ₹114 Cr | ₹89 Cr | ₹98 Cr | ₹66 Cr | ₹75 Cr | ₹60 Cr | ₹60 Cr | ₹73 Cr |
| Equity | ₹201 Cr | ₹224 Cr | ₹208 Cr | ₹190 Cr | ₹152 Cr | ₹123 Cr | ₹110 Cr | ₹99 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹21 Cr | ₹30 Cr | ₹-28 Cr | ₹-14 Cr | ₹-30 Cr | ₹-23 Cr | ₹-5 Cr | ₹-6 Cr |
| Investing | ₹-2 Cr | ₹-25 Cr | ₹31 Cr | ₹25 Cr | ₹13 Cr | ₹13 Cr | ₹4 Cr | ₹17 Cr |
| Financing | ₹-11 Cr | ₹-8 Cr | ₹-7 Cr | ₹-5 Cr | ₹6 Cr | ₹7 Cr | ₹-4 Cr | ₹-10 Cr |
| Free Cash Flow | ₹21 Cr | ₹30 Cr | ₹-28 Cr | ₹-14 Cr | ₹-30 Cr | ₹-23 Cr | ₹-5 Cr | ₹-6 Cr |
Shareholding
Promoter 57.67% Institutions 1.67% Public 40.66%
Efficiency & Working Capital
ROCE0%
Interest Coverage-5.2
Dividend Payout—
Debtor Days11 d
Inventory Days276 d
Payable Days104 d
Cash Conversion Cycle184 d
Working Capital Days287 d
Shareholding Details
As of 2026-03-31
Promoter57.7%
FII0%
DII1.7%
Institutions1.7%
Public40.7%
Promoter Pledge0%
No. of Shareholders11,924
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 57.7% | 57.7% | 57.7% | 57.7% | 57.7% | 57.7% | 57.7% | 57.7% | 57.7% | 57.7% | 57.7% | 57.7% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.8% | 0.8% | 0.8% | 1.9% | 1.8% | 1.8% | 1.8% | 1.8% | 1.8% | 1.8% | 1.8% | 1.7% |
| Public | 41.6% | 41.6% | 41.6% | 40.5% | 40.5% | 40.5% | 40.5% | 40.5% | 40.6% | 40.6% | 40.6% | 40.7% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 10,814 | 11,204 | 10,558 | 12,119 | 11,977 | 12,766 | 12,775 | 12,740 | 12,733 | 12,322 | 11,983 | 11,924 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Multigraph Machinery Co Pvt Ltd | Shareholding of Promoter and Promoter Group | 19.7% | 60,02,517 |
| Pradeep Sanat Shah Huf | Shareholding of Promoter and Promoter Group | 13.7% | 41,56,701 |
| Sanjay Sanat Shah Huf | Shareholding of Promoter and Promoter Group | 12.4% | 37,64,441 |
| Sanjay Sanat Shah | Shareholding of Promoter and Promoter Group | 3.8% | 11,56,754 |
| Ameeta Shah | Shareholding of Promoter and Promoter Group | 3.6% | 10,86,565 |
| Rupalli Shah | Shareholding of Promoter and Promoter Group | 2.9% | 8,88,326 |
| Minal Bharat Patel | Public Shareholding | 2.1% | 6,25,651 |
| East India Securities Ltd | Public Shareholding | 1.8% | 5,44,191 |
| Anu Narayan | Public Shareholding | 1.4% | 4,26,731 |
| Valley Distributors Llp | Public Shareholding | 1.3% | 3,84,665 |
| Finquest Financial Solutions Pvt. Ltd. | Public Shareholding | 1.1% | 3,36,553 |
| Aditya Sanjay Shah | Shareholding of Promoter and Promoter Group | 0.9% | 2,78,855 |
| Arrmaan Ralhan | Shareholding of Promoter and Promoter Group | 0.5% | 1,61,704 |
| Sudha Sanat Shah | Shareholding of Promoter and Promoter Group | 0.1% | 28,690 |
| Kushal Sanjay Shah | Shareholding of Promoter and Promoter Group | 0.1% | 14,175 |
| Rashee Pradeep Shah | Shareholding of Promoter and Promoter Group | 0% | 1,350 |
| Pradeep Sanat Shah | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Pradeep Sanat Shah Huf | 0 | 0% | 2026-03-31 |
| Sanjay Sanat Shah Huf | 0 | 0% | 2026-03-31 |
| Sanjay Sanat Shah | 0 | 0% | 2026-03-31 |
| Ameeta Shah | 0 | 0% | 2026-03-31 |
| Rupalli Shah | 0 | 0% | 2026-03-31 |
| Aditya Sanjay Shah | 0 | 0% | 2026-03-31 |
| Arrmaan Ralhan | 0 | 0% | 2026-03-31 |
| Sudha Sanat Shah | 0 | 0% | 2026-03-31 |
| Kushal Sanjay Shah | 0 | 0% | 2026-03-31 |
| Rashee Pradeep Shah | 0 | 0% | 2026-03-31 |
| Pradeep Sanat Shah | 0 | 0% | 2026-03-31 |
| Multigraph Machinery Co Pvt Ltd | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Sanjay S Shah | Chairman / Executive Director / M D / Promoter | 2025 |
| Pradeep S Shah | Vice Chairman & M.D. | 2025 |
| Shailesh Shirguppi | WTD & Executive Director | 2025 |
| Basheera Indorewala | Independent Non Exe. Director | 2025 |
| M H Kilachand | Independent Non Exe. Director | 2025 |
| K N Padmanabhan | Independent Non Exe. Director | 2025 |
| Nimish Jayant Vakil | Independent Non Exe. Director | 2025 |
| Mihir Mehta | CFO / Company Secretary / Compliance Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Engineering | ₹0 Cr | — |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| India | ₹31 Cr | 53.9% |
| Outside India | ₹26 Cr | 46.1% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹2 | 21 | 6 | 6 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 3 | 17 | 19 |
| 2025 | 0 | 0 | 0 | 0 | 15 | 15 |
| 2025 | 0 | 0 | 0 | 3 | 1 | 4 |
Insider / Designated-Person Trades
5 recent disclosure(s)
Sanat Manilal ShahDisposal · 14,62,880
Ameeta Sanjay ShahAcquisition · 7,31,440
Rupalli Pradeep ShahAcquisition · 7,31,440
Sanat Manilal ShahAcquisition · 14,62,880
AMEETA SHAHAcquisition · 5,000
Substantial Acquisitions (SAST)
6 disclosure(s)
-08/06/2024 · 11,56,754
-08/06/2024 · 69,046
Off Market / Inter se transfer15/12/2023 · 14,62,880
Off Market / Inter se transfer15/12/2023 · 14,62,880
-15/12/2023 · 14,62,880
NULL15/12/2023 · 14,62,880
Company Information
Incorporated1972
ChairmanSanjay S Shah
AuditorDesai Shah & Associates
Investor Email[email protected]; [email protected]
📍 Sidhwa House 2nd Floor, N A Sawant Marg Colaba, Mumbai, Maharashtra, 400005
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