Manali Petrochemicals Ltd

Manali Petrochem Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Manali Petrochemicals Ltd

₹ 66.9 0.38%
30 May - close price
manalipetro.com BSE: 500268 NSE : MANALIPETC
About

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.

Key Points

Industrial Application:
The Co. operates in the Polyurethanes industry. Polyurethane (PU) is a mixture of compounds containing urethane, urea, Isocyanates, etc.
It is widely used in consumer and industrial applications such as thermal insulation in buildings, refrigerators, household furniture, packaging plastics, etc. and is also applied in rigid and flexible foam, fibre, film, composites, coatings, adhesives and mainly caters to industries like Automotive, Appliances, Building & Construction, Energy, Defence, Paints and Coatings, Soft furniture, etc. [1]

Website BSE NSE
  • Market Cap ₹ 1,151 Cr.
  • Current Price ₹ 66.9
  • High / Low ₹ 110 / 56.7
  • Stock P/E 22.6
  • Book Value ₹ 57.8
  • Dividend Yield 3.74 %
  • ROCE 7.55 %
  • ROE 5.13 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.16 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.3%

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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
182.51 68.43 194.59 325.84 333.36 279.63 403.66 399.49 360.89 300.91 260.67 205.30 266.39
167.82 66.92 159.19 199.84 206.07 170.72 242.30 249.62 258.78 249.69 243.66 204.25 261.16
Operating Profit 14.69 1.51 35.40 126.00 127.29 108.91 161.36 149.87 102.11 51.22 17.01 1.05 5.23
OPM % 8.05% 2.21% 18.19% 38.67% 38.18% 38.95% 39.97% 37.52% 28.29% 17.02% 6.53% 0.51% 1.96%
-6.61 1.90 -7.30 -4.73 1.90 -0.49 4.14 4.03 2.57 5.55 6.55 6.27 4.55
Interest 1.25 1.14 1.13 1.10 1.05 1.81 1.83 1.90 3.52 1.76 1.70 3.14 1.84
Depreciation 3.40 3.45 3.56 9.74 3.73 4.16 4.12 5.49 5.07 5.24 5.35 5.51 5.69
Profit before tax 3.43 -1.18 23.41 110.43 124.41 102.45 159.55 146.51 96.09 49.77 16.51 -1.33 2.25
Tax % -236.73% 5.08% 23.62% 24.12% 26.01% 25.72% 25.03% 25.58% 25.13% 25.36% 29.07% 147.37% 40.89%
Net Profit 11.55 -1.12 17.88 83.78 92.06 76.10 119.62 109.04 71.94 37.14 11.71 0.63 1.33
EPS in Rs 0.67 -0.07 1.04 4.87 5.35 4.42 6.95 6.34 4.18 2.16 0.68 0.04 0.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
565 515 554 733 579 583 645 702 677 922 1,444 1,033
505 478 508 663 511 521 552 610 613 632 921 959
Operating Profit 61 37 47 70 68 62 93 93 64 290 522 75
OPM % 11% 7% 8% 10% 12% 11% 14% 13% 9% 31% 36% 7%
6 7 6 7 9 11 2 22 1 -8 10 23
Interest 2 2 2 2 3 2 3 2 6 4 9 8
Depreciation 6 6 7 6 6 9 8 10 14 20 19 22
Profit before tax 59 35 45 70 69 62 84 103 45 257 505 67
Tax % 26% 23% 35% 37% 30% 32% 35% 36% 14% 25% 25% 24%
Net Profit 44 27 29 44 48 42 55 65 39 193 377 51
EPS in Rs 2.54 1.59 1.69 2.56 2.80 2.46 3.19 3.80 2.25 11.20 21.90 2.95
Dividend Payout % 24% 31% 30% 20% 18% 20% 16% 20% 33% 13% 11% 25%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: 15%
TTM: -28%
Compounded Profit Growth
10 Years: 6%
5 Years: -2%
3 Years: 5%
TTM: -87%
Stock Price CAGR
10 Years: 23%
5 Years: 9%
3 Years: 65%
1 Year: -33%
Return on Equity
10 Years: 21%
5 Years: 23%
3 Years: 27%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
86 86 86 86 86 86 86 86 86 86 86 86
Reserves 88 106 125 159 197 256 300 356 371 550 900 909
1 2 2 1 2 23 17 14 9 13 16 7
95 85 98 162 215 176 116 145 141 175 199 171
Total Liabilities 270 279 312 408 500 541 519 601 607 825 1,201 1,173
99 103 104 105 105 142 171 183 200 181 236 247
CWIP 5 4 3 6 16 28 12 6 26 28 14 23
Investments 18 6 19 82 74 126 167 110 151 110 110 399
149 166 187 215 305 244 168 301 229 504 842 504
Total Assets 270 279 312 408 500 541 519 601 607 825 1,201 1,173

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
8 2 45 78 -6 92 69 19 84 201 385 44
-8 -4 -2 -6 -12 -137 -15 -17 -22 -16 -12 -311
-14 -13 -12 -14 -11 3 -19 -15 -26 -12 -27 -61
Net Cash Flow -14 -16 31 58 -29 -42 35 -14 36 172 346 -328

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 25 28 35 40 57 43 43 43 42 59 34 38
Inventory Days 61 58 60 56 96 102 49 81 58 45 34 38
Days Payable 47 43 50 74 124 95 39 64 35 50 28 21
Cash Conversion Cycle 39 43 44 22 29 51 53 60 65 54 41 55
Working Capital Days 37 55 44 9 44 25 26 57 40 37 22 37
ROCE % 38% 20% 23% 31% 28% 20% 23% 21% 13% 51% 63% 8%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
44.86 44.86 44.86 44.86 44.86 44.86 44.86 44.86 44.86 44.87 44.87 44.87
0.00 0.00 0.64 0.91 0.87 1.80 2.68 2.90 3.05 2.24 1.95 2.17
0.25 0.12 0.04 0.03 0.05 0.05 0.05 0.05 0.05 0.03 0.03 0.03
54.89 55.02 54.46 54.20 54.21 53.28 52.40 52.18 52.03 52.86 53.16 52.92

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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