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 ₹ 1,788 Cr.
- Current Price ₹ 104
- High / Low ₹ 150 / 80.0
- Stock P/E 4.63
- Book Value ₹ 59.9
- Dividend Yield 1.44 %
- ROCE 60.4 %
- ROE 45.1 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 58.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.4%
- Company has been maintaining a healthy dividend payout of 17.3%
- Debtor days have improved from 48.5 to 34.5 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|
| 579 | 626 | 748 | 810 | 803 | 1,020 | 1,672 | |
| 511 | 574 | 651 | 710 | 733 | 723 | 1,143 | |
| Operating Profit | 68 | 52 | 97 | 100 | 70 | 297 | 529 |
| OPM % | 12% | 8% | 13% | 12% | 9% | 29% | 32% |
| 9 | 18 | 3 | 27 | 5 | -3 | 11 | |
| Interest | 3 | 2 | 3 | 2 | 6 | 5 | 9 |
| Depreciation | 6 | 8 | 9 | 11 | 14 | 21 | 20 |
| Profit before tax | 69 | 60 | 88 | 113 | 54 | 268 | 511 |
| Tax % | 31% | 37% | 34% | 33% | 14% | 25% | 25% |
| Net Profit | 48 | 38 | 58 | 77 | 47 | 201 | 381 |
| EPS in Rs | 2.79 | 2.20 | 3.37 | 4.45 | 2.71 | 11.70 | 22.16 |
| Dividend Payout % | 18% | 23% | 15% | 17% | 28% | 13% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 27% |
| TTM: | 64% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 59% |
| 3 Years: | 80% |
| TTM: | 78% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 25% |
| 3 Years: | 78% |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 34% |
| Last Year: | 45% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|
| 86 | 86 | 86 | 86 | 86 | 86 | 86 | |
| Reserves | 196 | 225 | 306 | 369 | 395 | 594 | 944 |
| 2 | 26 | 23 | 34 | 26 | 14 | 19 | |
| 215 | 195 | 141 | 165 | 153 | 192 | 241 | |
| Total Liabilities | 499 | 532 | 556 | 654 | 660 | 887 | 1,290 |
| 105 | 206 | 273 | 283 | 302 | 292 | 343 | |
| CWIP | 16 | 28 | 12 | 6 | 26 | 28 | 14 |
| Investments | 69 | 16 | 57 | 0 | 41 | 0 | 0 |
| 310 | 282 | 214 | 364 | 291 | 566 | 933 | |
| Total Assets | 499 | 532 | 556 | 654 | 660 | 887 | 1,290 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|
| -6 | 87 | 58 | 13 | 87 | 218 | 373 | |
| -7 | -133 | -8 | -20 | -18 | -3 | -13 | |
| -11 | 6 | -17 | -2 | -29 | -28 | -26 | |
| Net Cash Flow | -24 | -39 | 33 | -9 | 41 | 186 | 334 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 57 | 48 | 49 | 51 | 49 | 62 | 35 |
| Inventory Days | 96 | 101 | 53 | 81 | 58 | 47 | 35 |
| Days Payable | 100 | 54 | 47 | 64 | 36 | 60 | 38 |
| Cash Conversion Cycle | 54 | 94 | 55 | 68 | 71 | 49 | 32 |
| Working Capital Days | 44 | 31 | 32 | 65 | 50 | 41 | 27 |
| ROCE % | 20% | 24% | 22% | 14% | 49% | 60% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - With reference to the above, we send herewith the statement of shares dematerialized during the period from 16th July 2022 to 31st July 2022. We …
- Details Of We Blink Under Regulation 46 Of The SEBI (LODR) Regulations, 2015. 2d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1 Aug
- Board Meeting Intimation for Intimation Of Date Of Board Meeting To Consider The Un-Audited Financial Results For The Quarter Ended 30-06-2022 Under Regulation 29 Of The SEBI (LODR) Regulations, 2015 29 Jul
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
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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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.