Manbro Industries Ltd (KDGREEN)

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Manbro Industries Ltd (KDGREEN) · mywealthgrid

About

Manbro Industries operates in the gems, jewellery and watches segment within consumer durables, a discretionary category tied to consumer confidence and purchasing power. The company has a market capitalisation of ₹548.1 Cr, positioning it as a small-cap player, though it does not disclose quarterly revenue figures, limiting visibility into business scale and market positioning.

Face value: ₹1

Market cap

₹475 Cr

P/E

—

P/B

78.3×

Dividend yield

ROE

—

ROCE

—

Debt / equity

0.02

OPM

—

EPS (TTM)

₹-0.0

Book value

₹0.6

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Revenue figures are undisclosed across all quarters, preventing assessment of business turnover, asset efficiency, or operational trends.
Net profit is erratic and predominantly negative: losses in 7 of 8 recent quarters ranging from ₹−0.35 Cr to ₹0.09 Cr, creating earnings uncertainty.
Zero institutional ownership (FII 0%, DII 0%) suggests minimal analyst coverage or professional investor conviction.
Stock declined 12.73% over one year despite a March 2026 stock split, reflecting persistent market scepticism.

Generated analysis · source review pending

Growth drivers

Minimal leverage (D/E 0.02) preserves balance-sheet capacity for growth capex or acquisitions; deployment depends on profitability stabilisation.
Promoter shareholding declined 15.76 percentage points in three months (72.4% to 56.64%), signalling capital raising; verify whether proceeds funded production capacity, product development, or geographic expansion.
Jewellery and watches operate within discretionary consumer spending; growth realisation requires market-share gains and pricing power, both requiring verification against competitive product roadmap and historical price trends.

Generated analysis · source review pending

515 historical price candles were omitted because the exchange source has not been verified.

₹46.8-3.6%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)

Cons

−Low return on equity of -5.6% (3-yr avg)
−Trading at 78.3× book value
−Promoter holding fell 15.8 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

33/100

Business quality: 99
Growth: 0
Valuation: 0

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Kalyan Jewellers India LimitedKALYANKJILKALYANKJIL	₹54,578 Cr	₹55,102 Cr	₹39,063 Cr	₹2,616 Cr	7%	₹1,435 Cr	3.8%	31.5%	24.3%	136
Lalithaa Jewellery Mart LimitedLALITHAALALITHAA	₹21,708 Cr	₹23,312 Cr	₹25,024 Cr	₹1,674 Cr	6.7%	₹1,010 Cr	4%	54.3%	41.6%	—
Thangamayil Jewellery LimitedTHANGAMAYLTHANGAMAYL	₹15,118 Cr	₹15,943 Cr	₹9,606 Cr	₹621 Cr	6.6%	₹391 Cr	4.1%	39.1%	27.9%	142
Sky Gold And Diamonds LimitedSKYGOLDSKYGOLD	₹12,557 Cr	₹13,426 Cr	₹7,176 Cr	₹520 Cr	6.9%	₹343 Cr	4.5%	45.9%	29.3%	77
Pc Jeweller LimitedPCJEWELLERPCJEWELLER	₹12,449 Cr	₹13,522 Cr	₹3,505 Cr	₹785 Cr	20%	₹775 Cr	21.3%	11.7%	9.9%	1,082
Bluestone Jewellery And Lifestyle LimitedBLUESTONEBLUESTONE	₹12,008 Cr	₹12,753 Cr	₹2,681 Cr	₹442 Cr	16%	₹56 Cr	0.5%	9.8%	1.1%	659
P N Gadgil Jewellers LimitedPNGJLPNGJL	₹7,897 Cr	₹9,477 Cr	₹11,438 Cr	₹669 Cr	5.7%	₹446 Cr	3.8%	34.3%	23.3%	121
Timex Group India LimitedTIMEXTIMEX	₹7,368 Cr	₹7,370 Cr	₹419 Cr	₹32 Cr	7.7%	₹21 Cr	5%	32.7%	29.4%	—
Ethos LimitedETHOSLTDETHOSLTD	₹6,785 Cr	₹6,786 Cr	₹1,728 Cr	₹223 Cr	12.9%	₹106 Cr	6%	10.4%	7.7%	180
Senco Gold LimitedSENCOSENCO	₹5,199 Cr	₹6,769 Cr	₹9,660 Cr	₹999 Cr	11.5%	₹571 Cr	6.8%	38%	25.6%	259
Kddl LimitedKDDLKDDL	₹4,811 Cr	₹4,967 Cr	₹2,322 Cr	₹335 Cr	14.3%	₹97 Cr	6.3%	11.9%	8.8%	192
D. P. Abhushan LimitedDPABHUSHANDPABHUSHAN	₹4,273 Cr	₹4,433 Cr	₹2,340 Cr	₹100 Cr	4.3%	₹62 Cr	2.6%	40.8%	29.4%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	—	1	—	—	—	0	0
	—	1	—	—	—	0	0
Operating profit (EBITDA)	—	-0	—	—	—	-0	-0
OPM %	—	-2.9%	—	—	—	—	—
Depreciation	—	—	—	—	—	0	0
Interest	—	—	—	—	—	0	0
	—	—	—	—	—	0	0
Profit before tax	-0	0	-0	-0	-0	-0	-0
Tax	—	—	—	—	—	0	0
	-0	0	-0	-0	-0	-0	-0
PAT margin %	—	1.5%	—	—	—	—	—
EPS (₹)	—	—	-0.2	-1.3	1.6	0.2	0.9
EPS adjusted (₹)	—	—	—	—	-0	-0	-0.1
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2025
Equity capital	1	1	1	6
Reserves	—	-1	-1	0
Minority interest	—	—	—	29
	—	0	0	0
	—	0	0	7
Total equity & liabilities	—	0	0	43
	—	0	0	0
CWIP	—	0	0	—
Investments	—	0	0	0
	—	0	0	43
Total assets	0	0	0	43

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	0	-0	-0	0	1
	0	0	0	0	-0
	0	0	0	-0	-0
Net cash flow	0	-0	-0	0	0
Free cash flow	0	-0	—	—	—
CFO / Operating profit %	—	—	—	—	—

Return on equity

7 years: —
5 years: —
3 years

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Margins
Gross margin %	—	—	—	—	—	—	—
EBITDA margin %	—	-2.9%	—	—	—	—	—
EBIT margin %	—	-2.9%	—	—	—	—	—
PAT margin %	—	1.5%	—	—	—	—	—
Working capital
Receivable days	—	—	—	—	—	—	—
Inventory days	—	—	—	—	—	—	—
Payable days	—	—	—	—	—	—	—
NWC days	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	0.2	0.21
Debt to EBITDA	—	—	—	—	—	—	—
Debt to equity	—	—	—	—	—	-0	-0
Interest coverage	—	—	—	—	—	—	—
Asset turnover	—	—	—	—	—	0	0
Return ratios
Return on assets %	—	—	—	—	-100%	-12.5%	-57.1%
Return on capital employed %	—	—	—	—	—	4.5%	14.8%
Return on equity %	—	—	—	—	—	4.5%	14.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	26.65%	26.65%	26.61%	26.61%	26.61%	74.7%	72.4%	72.4%	72.4%	72.4%	72.4%	56.64%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	73.34%	73.34%	73.38%	73.38%	73.38%	25.3%	27.6%	27.6%	27.6%	27.6%	27.6%	43.36%
No. of shareholders	—	—	—	—	—	—	—	—	22,117	22,132	22,553	5,217

Promoter holding up 29.99 percentage points since Sep 2023.

8 deals · 28 Aug 2024 – 27 Mar 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
27 Mar 2026	SECUROCROP SECURITIES INDIA PRIVATE LIMTED	Bulk	BSE	Buy	3,52,407	₹90.10	₹3.18 Cr
24 Jun 2025	HALDER GUPTA	Bulk	BSE	Sell	30,001	₹658.37	₹1.98 Cr
31 Dec 2024	THUNDERSTRIKE QUANT RESEARCH LLP	Bulk	BSE	Sell	3,003	₹1,094.00	₹0.33 Cr
31 Dec 2024	LALIT KUMAR MALIK	Bulk	BSE	Buy	3,000	₹1,094.00	₹0.33 Cr
2 Sept 2024	VIVEK KANDA	Bulk	BSE	Sell	5,597	₹662.28	₹0.37 Cr
2 Sept 2024	THUNDERSTRIKE QUANT RESEARCH LLP	Bulk	BSE	Buy	5,000	₹659.40	₹0.33 Cr
2 Sept 2024	ESSEL INDUSTRIES PVT LTD	Bulk	BSE	Buy	3,570	₹662.26	₹0.24 Cr
28 Aug 2024	KAILASHBEN ASHOKKUMAR PATEL	Bulk	BSE	Sell	4,216	₹792.04	₹0.33 Cr

1–8 of 8

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Dilip Kumar GoenkaExecutive Director-MD
Mr. Binod Kumar GoenkaNon-Executive - Non Independent Director
Mr. Sunil SharmaNon-Executive - Independent Director
Ms. Varsha BothraNon-Executive - Independent Director
Mr. Shalen JainNon-Executive - Independent Director
Mr. Manoj Kumar SharmaChief Financial Officer
Mr. Sajan JainCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Manbro Industries Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results12 Aug 2026

1

Face value ₹10 → ₹125 Mar 2026 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

8 announcementsExport CSV

1 Oct 2026, 3:34 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

30 Sept 2026, 9:45 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

11 Sept 2026, 6:08 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

4 Sept 2026, 8:44 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

4 Sept 2026, 8:36 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

3 Sept 2026, 5:18 pmAGM/EGM

Notice Of 34Th Annual General Meeting Of The Company And Submission Of Annual Report For The FY 2025 -26

AGM PDF

3 Sept 2026, 5:12 pmBoard Meeting

Board Meeting Outcome for Outcome Of Board Meeting And Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

Outcome of Board Meeting PDF

2 Sept 2026, 5:56 pmCompany Update

Shivam Pipes (Subsidiary Of KD Green Industries Limited) Secured ? 7.79 Crores Order For The Supply Of GI Steel Tubular Poles To Star Infratech.

General PDF

Date	Category	Subject	Filing
1 Oct 2026, 3:34 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 9:45 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM

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Manbro Industries Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Stock splits1

Announcements

Not in the F&O segment

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

No fund holdings on record

Board meetings1

Stock splits1

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Return on equity

1

1

1

1