Manali Petrochemicals Ltd
Incorporated in 1986, Manali Petrochemicals Limited manufactures and sells Propylene Oxide (PO), Propylene Glycol (PG) and Polyols (PY), which are used as industrial raw materials. Located in Chennai, the company is the only domestic manufacturer of Propylene Glycol. Also, it is the first and largest Indian manufacturer of Propylene Oxide which is the input material for the aforesaid derivative products.
- Market Cap ₹ 1,611 Cr.
- Current Price ₹ 93.6
- High / Low ₹ 150 / 80.0
- Stock P/E 4.74
- Book Value ₹ 57.3
- Dividend Yield 2.67 %
- ROCE 63.0 %
- ROE 47.1 %
- Face Value ₹ 5.00


Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 54.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.1%
- Company has been maintaining a healthy dividend payout of 19.4%
- Debtor days have improved from 44.9 to 33.8 days.
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Petrochemicals Industry: Petrochemicals
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
445 | 565 | 515 | 554 | 733 | 579 | 583 | 645 | 702 | 677 | 922 | 1,444 | 1,465 | |
408 | 505 | 478 | 508 | 663 | 511 | 521 | 552 | 610 | 613 | 632 | 921 | 1,000 | |
Operating Profit | 38 | 61 | 37 | 47 | 70 | 68 | 62 | 93 | 93 | 64 | 290 | 522 | 465 |
OPM % | 8% | 11% | 7% | 8% | 10% | 12% | 11% | 14% | 13% | 9% | 31% | 36% | 32% |
3 | 6 | 7 | 6 | 7 | 9 | 11 | 2 | 22 | 1 | -8 | 10 | 16 | |
Interest | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 2 | 6 | 4 | 9 | 9 |
Depreciation | 5 | 6 | 6 | 7 | 6 | 6 | 9 | 8 | 10 | 14 | 20 | 19 | 20 |
Profit before tax | 34 | 59 | 35 | 45 | 70 | 69 | 62 | 84 | 103 | 45 | 257 | 505 | 452 |
Tax % | 26% | 26% | 23% | 35% | 37% | 30% | 32% | 35% | 36% | 14% | 25% | 25% | |
Net Profit | 25 | 44 | 27 | 29 | 44 | 48 | 42 | 55 | 65 | 39 | 193 | 377 | 338 |
EPS in Rs | 1.47 | 2.54 | 1.59 | 1.69 | 2.56 | 2.80 | 2.46 | 3.19 | 3.80 | 2.25 | 11.20 | 21.90 | 19.63 |
Dividend Payout % | 34% | 24% | 31% | 30% | 20% | 18% | 20% | 16% | 20% | 33% | 13% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 20% |
3 Years: | 27% |
TTM: | 29% |
Compounded Profit Growth | |
---|---|
10 Years: | 24% |
5 Years: | 55% |
3 Years: | 90% |
TTM: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | 24% |
5 Years: | 23% |
3 Years: | 71% |
1 Year: | -4% |
Return on Equity | |
---|---|
10 Years: | 25% |
5 Years: | 29% |
3 Years: | 35% |
Last Year: | 47% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | |
Reserves | 57 | 88 | 106 | 125 | 159 | 197 | 256 | 300 | 356 | 371 | 550 | 900 |
6 | 1 | 2 | 2 | 1 | 2 | 23 | 17 | 14 | 9 | 13 | 16 | |
76 | 95 | 85 | 98 | 162 | 215 | 176 | 116 | 145 | 141 | 172 | 199 | |
Total Liabilities | 225 | 270 | 279 | 312 | 408 | 500 | 541 | 519 | 601 | 607 | 822 | 1,201 |
92 | 99 | 103 | 104 | 105 | 105 | 142 | 171 | 183 | 200 | 181 | 236 | |
CWIP | 8 | 5 | 4 | 3 | 6 | 16 | 28 | 12 | 6 | 26 | 28 | 14 |
Investments | 34 | 18 | 6 | 19 | 82 | 74 | 126 | 167 | 110 | 151 | 110 | 110 |
91 | 149 | 166 | 187 | 215 | 305 | 244 | 168 | 301 | 229 | 501 | 842 | |
Total Assets | 225 | 270 | 279 | 312 | 408 | 500 | 541 | 519 | 601 | 607 | 822 | 1,201 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
34 | 8 | 2 | 45 | 78 | -6 | 92 | 69 | 19 | 84 | 199 | 385 | |
-25 | -8 | -4 | -2 | -6 | -12 | -137 | -15 | -17 | -22 | -15 | -12 | |
-7 | -14 | -13 | -12 | -14 | -11 | 3 | -19 | -15 | -26 | -13 | -27 | |
Net Cash Flow | 2 | -14 | -16 | 31 | 58 | -29 | -42 | 35 | -14 | 36 | 172 | 346 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 24 | 25 | 28 | 35 | 40 | 57 | 43 | 43 | 43 | 42 | 59 | 34 |
Inventory Days | 49 | 61 | 58 | 60 | 56 | 96 | 102 | 49 | 81 | 58 | 45 | 34 |
Days Payable | 50 | 47 | 38 | 40 | 47 | 100 | 95 | 39 | 64 | 35 | 57 | 28 |
Cash Conversion Cycle | 22 | 39 | 48 | 54 | 49 | 54 | 51 | 53 | 60 | 65 | 47 | 41 |
Working Capital Days | 18 | 37 | 55 | 44 | 9 | 44 | 25 | 26 | 57 | 40 | 38 | 22 |
ROCE % | 26% | 38% | 20% | 23% | 31% | 28% | 20% | 23% | 21% | 13% | 51% | 63% |
Documents
Announcements
- Notice To Shareholders - Annual General Meeting Through Video Conferencing - Request To Register E-Mails To Receive Annual Reports 12 Aug
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 10 Aug
- DATE OF AGM, BOOK CLOSURE AND DATES FOR ELIGIBILITY AND PAYMENT OF DIVIDEND 9 Aug
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
9 Aug - Press Release of the results of the Company for the quarter ended 30.06.2022. We request you to kindly take the above on record.
- Board Meeting Outcome For Unaudited Financial Results For Quarter Ended 30-06-2022 9 Aug
Annual reports
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
from nse
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
from nse
Industrial Application:[1] Company operates in the Polyurethanes industry. Polyurethane known as PU is a mixture of compounds containing urethane, urea, Isocyanates, allophanates, etc. It is widely used in consumer and industrial applications such as thermal insulation in buildings, refrigerators, household furniture, shoes, packaging plastics, etc. It also finds application in rigid and flexible foam, fibre, film, composites, elastomers, coatings, adhesives and mainly caters to industries like Automotive, Appliances, Building & Construction, Energy, Defence, Paints and Coatings, Soft furniture, etc.