Asset Turnover is linked to ROE % through Du Pont Formula. Manilam Industries India's annualizedROE % for the quarter that ended in Sep. 2025 was 16.69%. It is also linked to ROA % through Du Pont Formula. Manilam Industries India's annualizedROA % for the quarter that ended in Sep. 2025 was 4.02%.
Manilam Industries India (NSE:MANILAM) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Manilam Industries India's annulizedROE % for the quarter that ended in Sep. 2025 is
Note:
The Net Income data used here is two times the semi-annual (Sep. 2025) net income data. The Revenue data used here is two times the semi-annual (Sep. 2025) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.
It is also linked to ROA % through Du Pont Formula:
Manilam Industries India's annulizedROA % for the quarter that ended in Sep. 2025 is
Note:
The Net Income data used here is two times the semi-annual (Sep. 2025) net income data. The Revenue data used here is two times the semi-annual (Sep. 2025) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.
Manilam Industries India Asset Turnover Related Terms
Manilam Industries India Asset Turnover Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Manilam Industries India Asset Turnover Chart
Manilam Industries India Annual Data
Trend
Mar23
Mar24
Mar25
Asset Turnover
1.10
0.97
0.90
Manilam Industries India Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Asset Turnover
0.00
0.00
0.00
0.38
NSE:MANILAM vs CRH, VMC, MLM: Asset Turnover Comparison
For the Building Materials subindustry, Manilam Industries India's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Manilam Industries India Asset Turnover vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Manilam Industries India's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Manilam Industries India's Asset Turnover falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.
Manilam Industries India (NSE:MANILAM) has a Asset Turnover of 0.38 as of Sep. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Manilam Industries India and its competitors.
Is Manilam Industries India's Asset Turnover too high?
Manilam Industries India's current Asset Turnover is 0.38. Overall, Manilam Industries India has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Manilam Industries India's Asset Turnover compare to CRH and VMC?
Manilam Industries India's Asset Turnover of 0.38 can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Building Materials company?
A good Asset Turnover depends on the Building Materials industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Manilam Industries India and its competitors. Manilam Industries India's current Asset Turnover is 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manilam Industries India stock overvalued right now?
Manilam Industries India (NSE:MANILAM) has a current Asset Turnover of 0.38. The current Asset Turnover is 0.38. Manilam Industries India's overall GF Score™ is 10/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Manilam Industries India (NSE:MANILAM), the current Asset Turnover is 0.38 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Manilam Industries India Ltd is engaged in the manufacturing and sale of decorative laminates. Its product portfolio includes the Artistica Collection, the Vogue Collection, the Dwar Collection and the Magnificent Collection. Additionally, the company is involved in the trading of plywood serving the industrial and commercial sectors. It operates under the brand name "Manilam". The majority of the company's revenue is derived from the sale of laminates across India. The reportable segments: Within India, and Outside India, of which it derives maximum revenue from India.
10GF Score
Get the complete analysis for NSE:MANILAM
Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:MANILAM has been successfully added to your 