Manali Petrochemicals Ltd

Manali Petrochemicals is engaged in the manufacture and sale of Propylene Oxide (PO), Propylene Glycol (PG) and Polyols (PY), which are used as industrial raw materials.(Source : 201903 Annual Report Page No: 43)

  • Market Cap: 371.52 Cr.
  • Current Price: 21.60
  • 52 weeks High / Low 25.50 / 7.95
  • Book Value: 27.98
  • Stock P/E: 8.58
  • Dividend Yield: 3.47 %
  • ROCE: 22.22 %
  • ROE: 15.53 %
  • Sales Growth (3Yrs): 11.85 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 5.00
Edit ratios
Pros:
Company is virtually debt free.
Stock is trading at 0.77 times its book value
Company has been maintaining a healthy dividend payout of 18.17%
Cons:

Peer comparison Sector: Petrochemicals // Industry: Petrochemicals

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
203.51 208.81 200.37 197.56 206.02 190.36 169.88 236.78 87.72
173.52 180.90 179.72 176.90 183.60 174.55 154.77 220.94 81.96
Operating Profit 29.99 27.91 20.65 20.66 22.42 15.81 15.11 15.84 5.76
OPM % 14.74% 13.37% 10.31% 10.46% 10.88% 8.31% 8.89% 6.69% 6.57%
Other Income 1.49 5.95 1.82 19.02 2.63 7.77 0.79 -5.43 3.02
Interest 0.55 0.67 0.62 0.50 1.78 1.68 1.42 1.37 1.23
Depreciation 2.64 2.77 2.84 2.79 3.68 3.60 3.64 3.55 3.61
Profit before tax 28.29 30.42 19.01 36.39 19.59 18.30 10.84 5.49 3.94
Tax % 30.93% 29.49% 32.61% 35.70% 31.09% 35.85% 32.84% -157.74% 21.32%
Net Profit 19.54 21.45 12.81 23.40 13.50 11.74 7.28 14.14 3.09
EPS in Rs 1.14 1.25 0.74 1.36 0.79 0.68 0.42 0.82 0.18
Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
579 626 748 810 685
511 574 651 712 632
Operating Profit 68 52 97 99 53
OPM % 12% 8% 13% 12% 8%
Other Income 9 18 3 28 6
Interest 3 2 3 2 6
Depreciation 6 8 9 11 14
Profit before tax 69 60 88 113 39
Tax % 31% 37% 34% 33%
Net Profit 48 38 58 76 36
EPS in Rs 2.69 2.20 3.36 4.44 2.10
Dividend Payout % 18% 23% 15% 17%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:11.85%
TTM:-15.75%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:10.44%
TTM:-28.45%
Stock Price CAGR
10 Years:7.48%
5 Years:-6.36%
3 Years:-12.95%
1 Year:15.82%
Return on Equity
10 Years:%
5 Years:%
3 Years:15.12%
Last Year:15.53%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
86 86 86 86 86
Reserves 196 225 306 369 395
Borrowings 2 26 23 34 26
215 195 141 165 153
Total Liabilities 499 532 556 654 660
105 206 273 283 302
CWIP 16 28 12 6 26
Investments 69 16 57 0 41
310 282 214 364 291
Total Assets 499 532 556 654 660

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019
-6 87 58 14
-7 -133 -8 -21
-11 6 -17 -2
Net Cash Flow -24 -39 33 -9

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 20% 24% 22%
Debtor Days 57 48 49 51
Inventory Turnover 4.45 5.78 6.53

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
44.82 44.82 44.82 44.82 44.82 44.82 44.82 44.86 44.86 44.86 44.86 44.86
1.47 1.47 1.45 1.67 1.81 1.75 1.66 1.66 1.50 0.00 0.00 0.00
0.33 0.25 0.32 0.30 0.40 0.30 0.37 0.47 0.34 0.37 0.30 0.25
53.38 53.47 53.41 53.21 52.97 53.13 53.16 53.01 53.30 54.77 54.83 54.89

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