Manali Petrochemicals Ltd

₹ 70.8 -4.66%

27 Aug - 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

Market Leadership
The company manufactures propylene glycol, polyether polyol, and related substances. It is the sole domestic producer of Propylene Glycol and the first and largest Indian manufacturer of Propylene Oxide. ^[1]

Website BSE NSE

Market Cap ₹ 1,218 Cr.
Current Price ₹ 70.8
High / Low ₹ 78.7 / 39.1
Stock P/E 10.2
Book Value ₹ 74.5
Dividend Yield 0.71 %
ROCE 7.24 %
ROE 5.97 %
Face Value ₹ 5.00

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Pros

Stock is trading at 0.95 times its book value
Company has been maintaining a healthy dividend payout of 34.4%

Cons

The company has delivered a poor sales growth of -0.04% over past five years.
Company has a low return on equity of 3.80% over last 3 years.
Earnings include an other income of Rs.122 Cr.

* 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

Commodities Chemicals Chemicals & Petrochemicals Petrochemicals

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	301	270	205	256	240	230	196	230	235	248	247	293	275
	294	255	200	239	220	226	183	209	212	228	233	268	192
Operating Profit	8	15	5	17	21	4	13	21	23	20	14	25	83
OPM %	2.5%	5%	2.5%	7%	9%	1.7%	6%	9%	10%	8%	6%	9%	30%
	7	9	8	1	6	6	4	5	8	12	71	25	14
Interest	2	2	2	3	3	2	3	3	3	3	3	4	3
Depreciation	6	6	6	7	7	7	7	7	8	8	9	9	9
Profit before tax	6	15	5	8	18	1	8	16	20	21	72	37	85
Tax %	30%	27%	35%	84%	27%	64%	31%	32%	28%	14%	6%	22%	24%
	4	11	3	1	13	0	5	11	14	18	68	29	64
EPS in Rs	0.24	0.63	0.17	0.08	0.76	0.01	0.31	0.63	0.83	1.06	3.98	1.69	3.74
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	579	626	748	810	803	1,024	1,672	1,181	1,032	897	1,022	1,062
	511	574	651	710	733	723	1,143	1,103	985	839	940	920
Operating Profit	68	52	97	100	70	302	529	79	47	58	82	142
OPM %	12%	8%	13%	12%	9%	29%	32%	7%	4.5%	7%	8%	13%
	9	18	3	27	5	-8	11	24	21	21	116	122
Interest	3	2	3	2	6	5	9	9	10	10	14	13
Depreciation	6	8	9	11	14	21	20	23	25	27	34	35
Profit before tax	69	60	88	113	54	268	511	70	33	42	150	215
Tax %	31%	37%	34%	33%	14%	25%	25%	28%	42%	30%	14%
	48	38	58	77	47	201	381	51	19	29	130	180
EPS in Rs	2.79	2.20	3.37	4.45	2.71	11.70	22.16	2.95	1.12	1.70	7.56	10.47
Dividend Payout %	18%	23%	15%	17%	28%	13%	11%	25%	67%	29%	7%

Compounded Sales Growth
10 Years:	6%
5 Years:	0%
3 Years:	-5%
TTM:	19%

Compounded Profit Growth
10 Years:	4%
5 Years:	-20%
3 Years:	12%
TTM:	262%

Stock Price CAGR
10 Years:	9%
5 Years:	-5%
3 Years:	4%
1 Year:	9%

Return on Equity
10 Years:	14%
5 Years:	11%
3 Years:	4%
Last Year:	6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	86	86	86	86	86	86	86	86	86	86	86
Reserves	196	225	306	369	395	594	944	958	976	1,008	1,195
	2	26	23	34	26	14	19	7	103	129	137
	215	195	141	165	153	198	241	223	144	179	177
Total Liabilities	499	532	556	654	660	892	1,290	1,274	1,308	1,403	1,596
	105	206	273	283	302	292	343	552	559	596	568
CWIP	16	28	12	6	26	28	14	23	17	61	39
Investments	69	16	57	0	41	0	0	0	29	15	6
	310	282	214	364	291	572	933	700	704	731	983
Total Assets	499	532	556	654	660	892	1,290	1,274	1,308	1,403	1,596

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-6	87	58	13	87	219	373	92	75	-19	116
	-7	-133	-8	-20	-18	-4	-16	-261	-82	-155	75
	-11	6	-17	-2	-29	-28	-26	-64	-7	-0	-9
Net Cash Flow	-24	-39	33	-9	41	186	331	-233	-14	-174	182
Free Cash Flow	-22	-36	26	-6	58	194	346	47	50	-120	49
CFO/OP	36%	194%	86%	44%	144%	95%	95%	149%	170%	6%	158%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	57	48	49	51	49	61	35	49	43	48	60
Inventory Days	96	101	53	81	58	47	35	47	55	123	82
Days Payable	124	109	47	64	36	54	38	28	31	62	60
Cash Conversion Cycle	29	39	55	68	71	54	32	68	67	108	82
Working Capital Days	43	16	21	50	38	33	23	44	32	61	49
ROCE %		20%	24%	22%	14%	49%	60%	8%	5%	5%	7%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Permanent Employees
count ・Standalone data

xxx	xxx	xxx	xxx	xxx	xxx	xxx		xxx	xxx
xx.xx	xx.xx		xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
xx.xx	xx.xx		xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
		xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
				x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
							x.xx	x.xx	x.xx
							xx	xx
							xx	xx

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Polyol Revenue Share
% of standalone turnover ・Standalone data

Propylene Glycol Revenue Share
% of standalone turnover ・Standalone data

Propylene Glycol Installed Capacity
MTPA ・Standalone data

Propylene Oxide Revenue Share
% of standalone turnover ・Standalone data

Renewable Energy Share
% of total energy consumption ・Standalone data

International Sales Share of Consolidated Revenue
% of consolidated revenue

Specialty Chemicals Share of Consolidated Revenue
% of consolidated revenue

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	44.87%	44.87%	44.87%	44.87%	44.87%	44.87%	44.87%	44.87%	44.87%	44.87%	44.87%	44.87%
	0.81%	0.86%	0.79%	1.32%	1.10%	1.06%	0.66%	0.45%	0.44%	0.29%	0.37%	0.38%
	0.07%	0.02%	0.02%	0.07%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	54.24%	54.26%	54.33%	53.74%	54.02%	54.07%	54.47%	54.67%	54.69%	54.83%	54.77%	54.75%
No. of Shareholders	1,96,673	1,91,875	1,88,540	1,71,175	1,62,753	1,62,534	1,59,881	1,59,926	1,57,079	1,51,392	1,48,876	1,46,235

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	44.82%	44.82%	44.82%	44.86%	44.86%	44.86%	44.87%	44.87%	44.87%	44.87%	44.87%
	1.21%	1.45%	1.66%	0.00%	0.91%	2.90%	2.17%	0.79%	0.66%	0.37%	0.38%
	0.35%	0.32%	0.37%	0.30%	0.03%	0.05%	0.03%	0.02%	0.01%	0.01%	0.01%
	53.63%	53.41%	53.16%	54.83%	54.20%	52.18%	52.92%	54.33%	54.47%	54.77%	54.75%
No. of Shareholders	1,30,568	1,10,990	1,06,821	1,03,072	1,10,020	1,69,543	2,00,760	1,88,540	1,59,881	1,48,876	1,46,235

* 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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Manali Petrochemicals Ltd

Manali Petrochemicals Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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Announcements

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