Buy Or Sell Opportunity • Jun 18
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 39% to ₹56.29. The fair value is estimated to be ₹73.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 69% over the last 3 years. Earnings per share has declined by 3.5%. Annonce • Jun 10
Manbro Industries Limited (BSE:512595) agreed to acquire K D Iron and Steel Private Limited. Manbro Industries Limited (BSE:512595) agreed to acquire K D Iron and Steel Private Limited on June 9, 2026.
The transaction is subject to completion of due diligence, statutory approvals, regulatory clearances and other necessary approvals. The deal has been approved by the board. New Risk • Jun 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.6% Last year net profit margin: 29% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (4.6% net profit margin). Market cap is less than US$100m (₹4.13b market cap, or US$43.5m). Annonce • May 25
Manbro Industries Limited to Report Q4, 2026 Results on May 30, 2026 Manbro Industries Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 30, 2026 Annonce • Apr 09
Manbro Industries Limited (BSE:512595) acquired 99.84% stake in K D Infrastructures Private Limited for INR 99 million. Manbro Industries Limited (BSE:512595) entered into a definitive agreement to acquire 99.84% stake in K D Infrastructures Private Limited for INR 99 million on June 10, 2025. A cash consideration of INR 99 million will be paid by Manbro Industries Limited. As part of consideration, INR 99 million is paid towards common equity of K D Infrastructures Private Limited.
Manbro Industries Limited (BSE:512595) completed the acquisition of 99.84% stake in K D Infrastructures Private Limited on April 7, 2026. Annonce • Feb 03
Manbro Industries Limited to Report Q3, 2026 Results on Feb 09, 2026 Manbro Industries Limited announced that they will report Q3, 2026 results on Feb 09, 2026 Buy Or Sell Opportunity • Feb 01
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 60% to ₹740. The fair value is estimated to be ₹595, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Nov 20
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to ₹459. The fair value is estimated to be ₹600, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: ₹1.64 (vs ₹2.05 loss in 2Q 2025) Second quarter 2026 results: EPS: ₹1.64 (up from ₹2.05 loss in 2Q 2025). Revenue: ₹142.0m (up ₹134.7m from 2Q 2025). Net income: ₹9.50m (up ₹10.5m from 2Q 2025). Profit margin: 6.7% (up from net loss in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 118% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Nov 11
Manbro Industries Limited to Report Q2, 2026 Results on Nov 14, 2025 Manbro Industries Limited announced that they will report Q2, 2026 results on Nov 14, 2025 New Risk • Nov 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.5% average weekly change). Shareholders have been substantially diluted in the past year (over 10x increase in shares outstanding). Revenue is less than US$1m (₹7.3m revenue, or US$82k). Minor Risk Market cap is less than US$100m (₹2.68b market cap, or US$30.2m). Annonce • Sep 04
Manbro Industries Limited, Annual General Meeting, Sep 29, 2025 Manbro Industries Limited, Annual General Meeting, Sep 29, 2025, at 11:30 Indian Standard Time. Reported Earnings • Aug 03
First quarter 2026 earnings released: EPS: ₹1.31 (vs ₹2.82 loss in 1Q 2025) First quarter 2026 results: EPS: ₹1.31 (up from ₹2.82 loss in 1Q 2025). Revenue: ₹8.21m (down 33% from 1Q 2025). Net income: ₹7.58m (up ₹8.99m from 1Q 2025). Profit margin: 92% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 312% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 30
Manbro Industries Limited to Report Q1, 2026 Results on Aug 02, 2025 Manbro Industries Limited announced that they will report Q1, 2026 results at 12:15 PM, Indian Standard Time on Aug 02, 2025 Annonce • Jul 11
Manbro Industries Limited (BSE:512595) agreed to acquire 51% stake in Shivam Pipe Industries for INR 250 million. Manbro Industries Limited (BSE:512595) agreed to acquire 51% stake in Shivam Pipe Industries for INR 250 million on July 10, 2025. A cash consideration of INR 250 million will be paid by Manbro Industries Limited. As part of consideration, INR 250 million is paid towards common equity of Shivam Pipe Industries. On completion, Shivam Pipe Industries will become a Subsidiary of Manbro Industries. In related transaction, Manbro Industries acquired a 26% stake in KD Ecosystem and a 99.90% equity in K D Infrastructures Private Limited.
The acquisition is expected to be completed within 30 (thirty) days or such date as may be mutually agreed between the Parties. The Board of Directors of Manbro Industries approved the transaction. New Risk • Jun 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (over 10x increase in shares outstanding). Revenue is less than US$1m (₹20m revenue, or US$226k). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₹4.01b market cap, or US$46.3m). Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹1.05 (vs ₹4.71 in FY 2024) Full year 2025 results: EPS: ₹1.05. Revenue: ₹29.6m (down 88% from FY 2024). Net income: ₹6.08m (up 158% from FY 2024). Profit margin: 21% (up from 1.0% in FY 2024). The increase in margin was driven by lower expenses. Annonce • May 24
Manbro Industries Limited to Report Q4, 2025 Results on May 29, 2025 Manbro Industries Limited announced that they will report Q4, 2025 results on May 29, 2025 Annonce • Feb 14
Manbro Industries Limited Announces Board Changes Manbro Industries Limited at its board meeting held on February 12, 2025, approved the appointment of Mr. Binod Kumar Goenka as an Additional Director in the category of Non- executive Director of the company effective 12th February. 2025. Appointment of Mr. Sunil Sharma as an Additional Director in the category of Non- executive Independent Director of the Company for a term of five consecutive years effective 12th February 2025. Appointment of Ms. Varsha Bothra as an Additional Director in the category of Non- executive Independent Director of the Company for a term of five consecutive years effective February 12, 2025. Appointment of Mr. Shalen Jain as an Additional Director in the category of Non- executive Independent Director of the Company for a term of five consecutive years effective 12th February 2025. Resignation of Mr. Haldher Gupta from the post of Executive Director of the Company with effect from close of business hours on 12th February,2025. Resignation of Mr. Kanhiya Gupta from the post of Executive Director of the Company with effect from close of business hours on 12th February 2025. Resignation of Ms. Shriya from the post of Non- executive Independent Director of the Company with effect from close of business hours on 12th February 2025. Resignation of Mr. Rajesh Kumar Raina from the post of Non- executive Director of the Company with effect from close of business hours on 12 February 2025, Resignation of Mr. Pankaj Kumar from the post of Non- executive Independent Director of the Company with effect from close of business hours on 12th February, 2025. Binod Kumar Goenka Qualification: He has qualified for the degree of Bachelor of law from Nowgong Law College under Guwahati University. Sunil Sharma Qualification: Mr. Sunil Sharma is Chartered Accountant and has completed graduation in commerce from Guwahati Commerce College. Thereafter, he completed graduation in law from Government Law College, Guwahati and joined Bar Council of India and his father's CA firm in 1992. He is in practice as a CA since 1995 in Mohanlal Sharma & Co, Guwahati. He hold Diploma in Information Systems Audit granted by the CA institute. He also got training at III Guwahati on Cyber Forensics and Ethical Hacking for assessing system security, He has been part of the Managing Committee of Guwahati Brach of ICAI for two terms and served on various posts, He is member of TBA since 1992 and has served the Bar in various capacities. Varsha Bothra: Ms. Varsha Bothra is a fellow member of the Institute of Chartered Accountants of India. She also holds a bachelor’s degree in commerce. Ms. Bothra started her professional practice in her own name in the year 2018. In 2024, she converted her proprietorship firm into a partnership firm. She has been serving clients in the field of Income Tax, TDS filling,GST and Audit. She has an experience of about 7 years. Shalen Jain: Mr. Shalen Jain is a fellow member of the Institute of Chartered Accountants of India. Mr. Jain started his professional practice in his own name in the year 2018. He has been serving clients in the field of income tax, GST and Audit, He has a working experience of about 7 years. New Risk • Feb 13
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: ₹67m (US$774k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹920k). Shareholders have been substantially diluted in the past year (over 10x increase in shares outstanding). Revenue is less than US$1m (₹67m revenue, or US$774k). Minor Risk Market cap is less than US$100m (₹5.50b market cap, or US$63.3m). Reported Earnings • Feb 13
Third quarter 2025 earnings released: EPS: ₹0.04 (vs ₹11.30 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.04 (down from ₹11.30 in 3Q 2024). Revenue: ₹1.06m (down 99% from 3Q 2024). Net income: ₹230.0k (down 96% from 3Q 2024). Profit margin: 22% (up from 4.0% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 364% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 04
Manbro Industries Limited to Report Q3, 2025 Results on Feb 12, 2025 Manbro Industries Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Annonce • Dec 20
Manbro Industries Limited Appoints Mr. Sajan Jain as Company Secretary of the Company Manbro Industries Limited informed that Mr. Sajan Jain (ACS: 60771) has been appointed as Company Secretary of the Company w.e.f. 20 December, 2024. Mr. Sajan Jain is an Associate Member of the Institute of Company Secretaries of India. He has rich working experience with listed companies. He has handled many assignments related to ROC and SEBI (LODR) independently. New Risk • Dec 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 10x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-₹920k). Shareholders have been substantially diluted in the past year (over 10x increase in shares outstanding). Minor Risks Revenue is less than US$5m (₹209m revenue, or US$2.5m). Market cap is less than US$100m (₹7.54b market cap, or US$88.9m). New Risk • Nov 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-₹920k). Market cap is less than US$10m (₹420.9m market cap, or US$4.99m). Minor Risk Revenue is less than US$5m (₹209m revenue, or US$2.5m). Annonce • Nov 09
Manbro Industries Limited to Report Q2, 2025 Results on Nov 14, 2024 Manbro Industries Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Annonce • Aug 28
Manbro Industries Limited, Annual General Meeting, Sep 25, 2024 Manbro Industries Limited, Annual General Meeting, Sep 25, 2024. Annonce • Aug 07
Manbro Industries Limited to Report Q1, 2025 Results on Aug 14, 2024 Manbro Industries Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Annonce • May 28
Manbro Industries Limited to Report Q4, 2024 Results on May 30, 2024 Manbro Industries Limited announced that they will report Q4, 2024 results on May 30, 2024 Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹734, the stock trades at a trailing P/E ratio of 65.9x. Average trailing P/E is 33x in the Retail Distributors industry in India. Total returns to shareholders of 5,349% over the past three years. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹694, the stock trades at a trailing P/E ratio of 62.3x. Average trailing P/E is 38x in the Retail Distributors industry in India. Total returns to shareholders of 5,039% over the past three years. Annonce • Feb 08
Manbro Industries Limited to Report Q3, 2024 Results on Feb 14, 2024 Manbro Industries Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Annonce • Nov 11
Manbro Industries Limited Approves Board Changes The Board of Directors of Manbro Industries Limited in their meeting duly held on 10th November, 2023, at 1:00 P.M. at the registered of the Company at C 18 Shivaji Park, Punjabi Bagh, Delhi-110026, has approved the following: Appointment of Mr. Pankaj Kumar(DIN: 01389386) as an Additional Independent Director. Resignation of Ms. Nalini Gupta(DIN:10241569) as Non-Executive Director. Resignation of Mr. Rakesh Wadhawan(DIN: 07079353) from the post of Independent Director. Annonce • Nov 05
Manbro Industries Limited to Report Q2, 2024 Results on Nov 10, 2023 Manbro Industries Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹149, the stock trades at a trailing P/E ratio of 41x. Average trailing P/E is 38x in the Retail Distributors industry in India. Total returns to shareholders of 892% over the past three years. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹128, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 36x in the Retail Distributors industry in India. Total returns to shareholders of 755% over the past three years. Annonce • Aug 13
Unimode Overseas Limited, Annual General Meeting, Sep 05, 2023 Unimode Overseas Limited, Annual General Meeting, Sep 05, 2023, at 12:30 Indian Standard Time. Location: C-18, Shivaji Park, Punjabi Bagh New Delhi India Agenda: To receive, consider and adopt the Financial Statements of the Company for the year ended March 31, 2023 including the Audited Balance Sheet as at March 31, 2023, the Statement of Profit & Loss and Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and Auditors thereon; to consider to appoint a director in place of Mr. Ashish Kumar Garg (DIN: 00317457), who retires by rotation and being eligible offers himself for re-appointment;to consider to Appointment of Mr. Rajiv Gupta (DIN: 01236018) as an Executive Director; and to consider other matters. Annonce • Aug 06
Unimode Overseas Limited to Report Q1, 2024 Results on Aug 11, 2023 Unimode Overseas Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹104, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 42x in the Retail Distributors industry in India. Total returns to shareholders of 595% over the past three years. Annonce • May 23
Unimode Overseas Limited to Report Q4, 2023 Results on May 30, 2023 Unimode Overseas Limited announced that they will report Q4, 2023 results on May 30, 2023 Board Change • May 22
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 5 non-independent directors. Additional Non-Executive Independent Director . Shriya was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • May 02
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 5 non-independent directors. Additional Non-Executive Independent Director . Shriya was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Feb 05
Unimode Overseas Limited to Report Q3, 2023 Results on Feb 13, 2023 Unimode Overseas Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Additional Non-executive Independent Director - Shriya was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Nov 09
Unimode Overseas Limited to Report Q2, 2023 Results on Nov 14, 2022 Unimode Overseas Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Annonce • Sep 03
Unimode Overseas Limited, Annual General Meeting, Sep 30, 2022 Unimode Overseas Limited, Annual General Meeting, Sep 30, 2022, at 14:30 Indian Standard Time. Location: Ravinder Plaza, IIIrd Floor, Abdul Aziz Road, Karol Bagh, New Delhi-110005, New Delhi India Agenda: To consider and adopt the Financial Statements of the Company for the year ended March 31, 2022;to appoint a director in place of Mr. Ashish Goel (DIN:00367103), who retires by rotation and being eligible offers himself for re-appointment;and to consider other business matters. Annonce • Aug 06
Unimode Overseas Limited to Report Q1, 2023 Results on Aug 10, 2022 Unimode Overseas Limited announced that they will report Q1, 2023 results on Aug 10, 2022 Board Change • Jul 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Additional Non-executive Independent Director - Shriya was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Additional Non-executive Independent Director - Shriya was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • May 28
Unimode Overseas Limited Announces Director Changes, with Effect from May 26, 2022 The board of directors of Unimode Overseas Limited at meeting held on May 26, 2022, approved the resignation of Mr. Sanjeev Kumar Pahwa from the directorship of the Company with effect from May 26, 2022; Resignation of Ms. Geetanjali Bansal from the position of Independent Director of the company with effect from May 26, 2022; and Appointment of Ms. Shriya as Independent Additional Director with effect from May 26, 2022. Annonce • May 19
Unimode Overseas Limited to Report Q4, 2022 Results on May 26, 2022 Unimode Overseas Limited announced that they will report Q4, 2022 results on May 26, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Additional Independent Non-Executive Director Rakesh Wadhawan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Feb 08
Unimode Overseas Limited to Report Q3, 2022 Results on Feb 12, 2022 Unimode Overseas Limited announced that they will report Q3, 2022 results on Feb 12, 2022 Board Change • Jan 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Additional Independent Non-Executive Director Rakesh Wadhawan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Additional Independent Non-Executive Director Rakesh Wadhawan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.