FY26 Revenue Target: INR 1,300 crore
Revised upward from INR 1,150 crore, driven by strong Q3 performance and sustained demand momentum across key customer segments.
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Manorama Industries · forward-looking guidance across the available source record.
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revenue
FY27 Revenue Growth: 30%+
Management indicated the existing 40,000MT capacity with 15% additional headroom and 30% debottlenecking to 52,000MT provides 40-50% growth potential for next 1-2 years.
Asset Turnover Target: 5x+ on INR 300-330 crore forward integration capex
Out of total INR 460 crore capex, approximately INR 300-330 crore is allocated to forward integration projects (CBA, fractionation, refinery) with targeted asset turns exceeding 5x.
EBITDA Margins: 25-27% Sustainable; Medium-Term Improvement Expected
Current 25-27% margin range confirmed as sustainable baseline; management working to improve over medium-to-longer term through forward/backward integration projects.
FY27 revenue growth of 25-30%
Management expects 20-30% volume growth plus 5-10% price realization, supported by debottlenecking and product mix improvement.
EBITDA margin to sustain 25-27%
Management reiterated sustainable EBITDA margin range of 25-27% on a yearly basis, despite near-term headwinds.
Capex of INR 460 crore over 2-3 years
Includes new solvent fractionation plant (75,000 tons), CBA plant, refinery (90,000 tons), and Burkina Faso processing unit.
Long-term revenue target of INR 3,500 crore by FY30
Management confirmed confidence in achieving INR 3,500 crore revenue by FY30, backed by capacity expansions and backward integration.