Manilam Industries India Limited is engaged in the manufacturing and sale of decorative laminates and interior surface solutions. It produces laminates ranging from 0.7 mm to 1 mm thickness used in residential and commercial interiors. Revenue is generated through a strong network of 50+ distributors and 7,000+ dealers across India. Its products are widely used in furniture, wall paneling, modular kitchens, office interiors and retail fit-outs.

The Company is led by Promoter, i.e.,M/S. MANILAM RETAIL INDIA PRIVATE LIMITED, MR. UMESH KUMAR NEMANI, MR. MANOJ KUMAR AGRAWAL, MR. AMAN KUMAR NEMANI, MR. ANUBHAV KUMAR NEMANI & MR. SREYAS AGRAWAL.

The Revenues from operations for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 6,053.45 Lakh, ₹ 14,216.22 Lakh, ₹ 13,803.70 Lakh, and ₹ 14,881.95 Lakh, The EBITDA for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 867.14 Lakh, ₹ 1,774.74 Lakh, ₹ 1,417.88 Lakh, and ₹ 912.47 Lakh, The Profit after Tax for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 315.99 Lakh, ₹ 737.82 Lakh, ₹ 310.36 Lakh, and ₹ 152.65 Lakh, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 4.58 and post-issue EPS of ₹ 3.38 for FY25. The pre-issue P/E ratio is 15.07x,while the post-issue P/E ratio is 20.43x against the Industry P/E ratio is 26.21x The company's ROE for FY25 is 24.80% and RoNW is 24.80%The Annualised EPS is ₹ 2.89x and P/E is ₹ 23.85x,  These metrics suggest that the IPO is Fully priced.

 
The Grey Market Premium (GMP) of Manilam Industries India showing listing gains of 0%.Given the company's financial performance and the valuation of the IPO, we recommend  Investors to Avoid to the Manilam Industries India Limited, IPO for Listing gain or Long Term Purposes.