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MNOR – Manorama Industries Ltd

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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

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Company Profile

Manorama Industries Limited is an India-based company that is engaged in manufacturing specialty fats and butters from tree-borne and plant-based seeds and nuts. The Company produces and supplies specialty fats and butters made from exotic seeds and nuts, such as mango kernels, sal seeds, and shea nuts, among others, to the premium food, chocolate and confectionery segment, as well as cosmetic conglomerates. The Company exports its products to various countries globally and sources nuts and seeds from West African countries. The Company’s food applications include bakery products, plant-based food, chocolates and confectionery, technical products, culinary and savory, and animal nutrition. The Company’s personal care applications include organic/ conventional cosmetic butter, organic cosmetic oil and organic glycerin. The Company also provides customized solutions.

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