---
title: "Manpasand Beverages Ltd (MANPASAND) — Share Price, Financials & Analysis"
symbol: "MANPASAND"
company: "Manpasand Beverages Ltd"
canonical: "https://tapetide.com/stocks/MANPASAND"
isin: "INE122R01018"
nse_symbol: "MANPASAND"
sector: "Fast Moving Consumer Goods"
industry: "Beverages"
generated_at: "2026-09-13T18:44:48.593Z"
---

# Manpasand Beverages Ltd (MANPASAND)

Canonical page: https://tapetide.com/stocks/MANPASAND

## Company

- **NSE Symbol:** MANPASAND
- **ISIN:** INE122R01018
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Beverages
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2015-07-09
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** manpasand.co.in

## About

Manpasand Beverages Limited is engaged in the business of manufacturing of fruit juices in the beverages segment.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.15 times its book value
- Debtor days have improved from 36.0 to 21.4 days.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -35.2% over past five years.
- Company has a low return on equity of -8.75% over last 3 years.
- Contingent liabilities of Rs.33.2 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 42% | — | — |
| revenue growth | -96% | -61% | -35% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 385 | 335 | 174 | 164 | 140 | 33 | 1 | 0 | 6 | 0 | 0 | 0 |
| Expenses | 312 | 267 | 146 | 127 | 193 | 43 | 14 | 5 | 16 | 4 | 4 | 4 |
| Operating Profit | 73 | 68 | 28 | 37 | -53 | -10 | -12 | -4 | -10 | -4 | -4 | -4 |
| OPM % | 19 | 20 | 16 | 23 | -38 | -31 | -1032 | -1917 | -156 | -992 | -1512 | -9950 |
| Other Income | 8 | 5 | 4 | 2 | -571 | 0 | 0 | 0 | -64 | 0 | -5 | -5 |
| Interest | 1 | 2 | 3 | 2 | 5 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 28 | 29 | 22 | 26 | 25 | 21 | 22 | 22 | 21 | 18 | 18 | 18 |
| Profit before tax | 52 | 43 | 7 | 11 | -655 | -33 | -34 | -26 | -96 | -21 | -27 | -27 |
| Tax % | 17 | 15 | -13 | 13 | -1 | 0 | 0 | 0 | 2 | 0 | 0 | 0 |
| Net Profit | 43 | 36 | 8 | 10 | -647 | -33 | -34 | -26 | -97 | -21 | -27 | -27 |
| EPS in Rs | 3.73 | 3.18 | 0.74 | 0.86 | -56.48 | -2.89 | -2.97 | -2.27 | -8.5 | -1.88 | -2.35 | -2.33 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 16m | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 85 | 235 | 289 | 356 | 521 | 701 | 948 | 636 | 41 | 7 |
| Expenses | 71 | 196 | 243 | 292 | 410 | 562 | 771 | 742 | 78 | 28 |
| Operating Profit | 14 | 39 | 46 | 64 | 111 | 140 | 178 | -106 | -37 | -21 |
| OPM % | 16 | 16 | 16 | 18 | 21 | 20 | 19 | -17 | -90 | -309 |
| Other Income | 0 | 0 | 0 | 0 | 9 | 18 | 30 | -373 | -64 | -74 |
| Interest | 3 | 4 | 8 | 11 | 6 | 1 | 3 | 13 | 2 | 0 |
| Depreciation | 5 | 10 | 15 | 21 | 57 | 74 | 87 | 101 | 86 | 75 |
| Profit before tax | 7 | 25 | 23 | 33 | 57 | 83 | 118 | -594 | -189 | -171 |
| Tax % | 11 | 9 | 11 | 10 | 11 | 12 | 15 | 0 | 1 | — |
| Net Profit | 6 | 22 | 20 | 30 | 50 | 73 | 100 | -592 | -190 | -172 |
| EPS in Rs | 12.2 | 44.74 | 41 | 3.99 | 5.04 | 6.35 | 8.74 | -51.71 | -16.64 | -15.06 |
| Dividend Payout % | 0 | 1 | 1 | 13 | 10 | 8 | 6 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2 | 2 | 2 | 38 | 50 | 57 | 114 | 114 | 114 | 114 |
| Reserves | 50 | 72 | 92 | 153 | 552 | 1096 | 1132 | 533 | 343 | 295 |
| Borrowings | 33 | 56 | 75 | 117 | 0 | 0 | 96 | 103 | 29 | 29 |
| Other Liabilities | 13 | 33 | 26 | 43 | 59 | 80 | 84 | 141 | 138 | 146 |
| Total Liabilities | 99 | 164 | 196 | 350 | 661 | 1234 | 1426 | 892 | 625 | 585 |
| Fixed Assets | 40 | 93 | 92 | 85 | 266 | 448 | 534 | 609 | 518 | 461 |
| CWIP | 0 | 0 | 0 | 132 | 134 | 18 | 181 | 17 | 7 | 6 |
| Investments | 6 | 0 | 0 | 0 | 1 | 205 | 41 | 0 | 0 | 0 |
| Other Assets | 53 | 71 | 104 | 134 | 260 | 561 | 670 | 266 | 100 | 118 |
| Total Assets | 99 | 164 | 196 | 350 | 661 | 1234 | 1426 | 892 | 625 | 585 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -14 | 32 | 2 | 53 | 82 | 146 | 37 | -297 | -48 |
| Cash from Investing Activity | -58 | -48 | -15 | -158 | -312 | -623 | -125 | 308 | 124 |
| Cash from Financing Activity | 73 | 19 | 11 | 105 | 232 | 477 | 85 | -12 | -76 |
| Net Cash Flow | 2 | 3 | -1 | 0 | 1 | 0 | -3 | -1 | 0 |
| Free Cash Flow | -66 | -23 | -12 | -106 | -151 | -161 | -290 | -140 | -32 |
| CFO/OP | -98 | 98 | 11 | 91 | 87 | 117 | 31 | 268 | 130 |

### Ratios

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 87 | 51 | 60 | 61 | 47 | 39 | 54 | 33 | 21 |
| Inventory Days | 116 | 51 | 88 | 74 | 79 | 51 | 60 | 19 | 95 |
| Days Payable | 57 | 45 | 37 | 36 | 50 | 54 | 35 | 52 | 778 |
| Cash Conversion Cycle | 146 | 56 | 112 | 99 | 76 | 36 | 79 | 0 | -662 |
| Working Capital Days | 44 | 42 | 23 | -6 | 88 | 66 | 80 | -76 | -775 |
| ROCE % | — | 27 | 21 | 18 | 14 | 9 | 9 | -19 | -19 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 44.14% | 44.12% | 44.33% | 44.33% | 44.33% | 44.33% | 44.33% | 44.33% | 44.33% |
| FIIs | 21.2% | 21.56% | 9.12% | 2.45% | 1.03% | 1.03% | 1.03% | 0.95% | 0.47% |
| DIIs | 30.38% | 29.19% | 29.27% | 22.95% | 5.38% | 5.38% | 5.38% | 5.38% | 5.38% |
| Public | 4.28% | 5.13% | 17.28% | 30.27% | 49.25% | 49.25% | 49.27% | 49.34% | 49.81% |
| No. of Shareholders | 9868 | 16786 | 41739 | 47457 | 47123 | 47090 | 47027 | 46968 | 46940 |

### Quarterly

| Category | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 44.33% | 44.33% | 44.33% | 44.33% | 44.33% | 44.33% | 44.33% | 44.33% | 44.33% | 44.33% | 44.33% | 44.33% |
| FIIs | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% | 0.95% | 0.95% | 0.95% | 0.47% | 0.47% | 0.47% |
| DIIs | 5.38% | 5.38% | 5.38% | 5.38% | 5.38% | 5.38% | 5.38% | 5.38% | 5.38% | 5.38% | 5.38% | 5.38% |
| Public | 49.25% | 49.25% | 49.26% | 49.27% | 49.26% | 49.26% | 49.34% | 49.34% | 49.33% | 49.81% | 49.81% | 49.81% |
| No. of Shareholders | 47082 | 47074 | 47058 | 47027 | 47013 | 47003 | 46988 | 46968 | 46961 | 46961 | 46957 | 46940 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 6 / 6 / 7

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 3.96 | Sell |
| EMA (10) | 3.91 | Sell |
| SMA (20) | 3.87 | Sell |
| EMA (20) | 3.89 | Sell |
| SMA (50) | 3.79 | Buy |
| EMA (50) | 3.8 | Sell |
| SMA (100) | 3.63 | Buy |
| EMA (100) | 3.72 | Buy |
| SMA (200) | 3.72 | Buy |
| EMA (200) | 3.62 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.78 | Neutral |
| MACD (12,26,9) | 0.04 | Sell |
| Stochastic (14,3,3) | 41.86 | Neutral |
| ADX (14) | 15.33 | Neutral |
| Williams %R (14) | -66.28 | Neutral |
| ATR (14) | 0.24 | High Volatility |
| ROC (12) | -5.94 | Sell |
| Stoch RSI (14) | 12.39 | Buy |
| UO (7,14,28) | 48.96 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 4 Aug 2025 - Members of the Exchange are hereby informed about the Compulsory Delisting of Equity Shares of Manpasand Beverages Limited w.e.f. August 05, 2025, in terms of … | [Delisting 4 Aug 2025 - Members of the Exchange are hereby informed about the Compulsory Delisting of Equity Shares of Manpasand Beverages Limited w.e.f. August 05, 2025, in terms of …](https://www.nseindia.com/get-quotes/equity?symbol=MANPASAND) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport//68230539207.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport//5392070319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport//5392070318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport//5392070317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport//5392070316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport//5392070315.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2018 | [Concall - Oct 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e1486543-2eee-4922-93b2-914c05160672.pdf) |
| Oct 2018 | [Concall - Oct 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/10/e1486543-2eee-4922-93b2-914c05160672.pdf) |
| Feb 2019 | [Concall - Feb 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f9f9d016-9dce-421f-a148-888411d84dfa.pdf) |
| Feb 2019 | [Concall - Feb 2019](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2019/2/f9f9d016-9dce-421f-a148-888411d84dfa.pdf) |
| Aug 2018 | [Concall - Aug 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a46f7bf3-55c7-4f79-af28-48e693975312.pdf) |
| Aug 2018 | [Concall - Aug 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/8/a46f7bf3-55c7-4f79-af28-48e693975312.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:44:48.593Z.