Manilam Industries IPO Review & Recommendations

Notes:

1. Considering the nature and turnover of business of the Company the peer are not strictly comparable. However, the same have been included for broader comparison.
2. The figures for Manilam Industries India Limited are based on the restated results for the period ended September 30, 2025.
3. The figures (except PE) for the peer group are based on Consolidated unaudited results for the respective year ended March 31, 2025.
4. Current Market Price (CMP) is the closing price of the respective scrip as on January 29, 2025.