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 ₹ 1,321 Cr.
- Current Price ₹ 76.8
- High / Low ₹ 150 / 74.6
- Stock P/E 5.64
- Book Value ₹ 59.5
- Dividend Yield 3.26 %
- ROCE 60.4 %
- ROE 45.1 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.26%.
- 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 48.4 to 34.5 days.
- Company's working capital requirements have reduced from 38.4 days to 27.2 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 | TTM | |
---|---|---|---|---|---|---|---|---|
579 | 626 | 748 | 810 | 803 | 1,024 | 1,672 | 1,515 | |
511 | 574 | 651 | 710 | 733 | 723 | 1,143 | 1,191 | |
Operating Profit | 68 | 52 | 97 | 100 | 70 | 302 | 529 | 323 |
OPM % | 12% | 8% | 13% | 12% | 9% | 29% | 32% | 21% |
9 | 18 | 3 | 27 | 5 | -8 | 11 | 20 | |
Interest | 3 | 2 | 3 | 2 | 6 | 5 | 9 | 9 |
Depreciation | 6 | 8 | 9 | 11 | 14 | 21 | 20 | 22 |
Profit before tax | 69 | 60 | 88 | 113 | 54 | 268 | 511 | 312 |
Tax % | 31% | 37% | 34% | 33% | 14% | 25% | 25% | |
Net Profit | 48 | 38 | 58 | 77 | 47 | 201 | 381 | 232 |
EPS in Rs | 2.79 | 2.20 | 3.37 | 4.45 | 2.71 | 11.70 | 22.16 | 13.49 |
Dividend Payout % | 18% | 23% | 15% | 17% | 28% | 13% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 22% |
3 Years: | 27% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 59% |
3 Years: | 80% |
TTM: | -39% |
Stock Price CAGR | |
---|---|
10 Years: | 24% |
5 Years: | 16% |
3 Years: | 55% |
1 Year: | -34% |
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 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|
86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | |
Reserves | 196 | 225 | 306 | 369 | 395 | 594 | 944 | 938 |
2 | 26 | 23 | 34 | 26 | 14 | 19 | 11 | |
215 | 195 | 141 | 165 | 153 | 198 | 241 | 234 | |
Total Liabilities | 499 | 532 | 556 | 654 | 660 | 892 | 1,290 | 1,269 |
105 | 206 | 273 | 283 | 302 | 292 | 343 | 330 | |
CWIP | 16 | 28 | 12 | 6 | 26 | 28 | 14 | 21 |
Investments | 69 | 16 | 57 | 0 | 41 | 0 | 0 | 0 |
310 | 282 | 214 | 364 | 291 | 572 | 933 | 917 | |
Total Assets | 499 | 532 | 556 | 654 | 660 | 892 | 1,290 | 1,269 |
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 | 219 | 373 | |
-7 | -133 | -8 | -20 | -18 | -4 | -16 | |
-11 | 6 | -17 | -2 | -29 | -28 | -26 | |
Net Cash Flow | -24 | -39 | 33 | -9 | 41 | 186 | 331 |
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 | 61 | 35 |
Inventory Days | 96 | 101 | 53 | 81 | 58 | 47 | 35 |
Days Payable | 124 | 109 | 47 | 64 | 36 | 54 | 38 |
Cash Conversion Cycle | 29 | 39 | 55 | 68 | 71 | 54 | 32 |
Working Capital Days | 44 | 31 | 32 | 65 | 50 | 38 | 27 |
ROCE % | 20% | 24% | 22% | 14% | 49% | 60% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1 Feb
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
31 Jan - Statement of shares dematerialized during the period from 01st January 2023 to 15th January 2023.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 31 Jan
- Board Meeting Intimation for Intimation Of Board Meeting- Regulation 29 Of SEBI (LODR) Regulations, 2015 27 Jan
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 26 Jan
Annual reports
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Financial Year 2022
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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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Concalls
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Dec 2022Transcript PPT
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May 2022TranscriptPPT
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May 2022TranscriptPPT
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.