Manas Polymers & Energies Ltd
Incorporated in January 2024, Manas Polymers and Energies manufactures premium food-grade PET preforms, bottles, jars, and caps.[1]
- Market Cap ₹ 56.0 Cr.
- Current Price ₹ 24.0
- High / Low ₹ 72.4 / 19.2
- Stock P/E 6.56
- Book Value ₹ 29.2
- Dividend Yield 0.00 %
- ROCE 30.4 %
- ROE 36.2 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.82 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.7%
- Debtor days have improved from 191 to 59.2 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -10.5%
- Company might be capitalizing the interest cost
* 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
Industrials Capital Goods Industrial Products Plastic Products - Industrial
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2024 3m | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 4.76 | 31.54 | 53.00 | |
| Sales growth | +562.61% | +68.04% | |
| 3.87 | 25.78 | 40.20 | |
| Operating Profit | 0.89 | 5.76 | 12.80 |
| OPM % | 18.70% | 18.26% | 24.15% |
| 0.27 | 1.51 | 1.86 | |
| Interest | 0.26 | 0.80 | 0.91 |
| Depreciation | 0.15 | 0.98 | 2.80 |
| Profit before tax | 0.75 | 5.49 | 10.95 |
| Tax % | 1.33% | 26.05% | 22.28% |
| 0.75 | 4.06 | 8.52 | |
| EPS in Rs | 0.94 | 5.08 | 6.66 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 68% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 110% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -64% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| Last Year: | 36% |
Balance Sheet
Figures in Rs. Crores
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 4.87 | 4.87 | 7.78 |
| Reserves | 1.07 | 4.88 | 29.60 |
| 11.88 | 10.71 | 20.23 | |
| 3.03 | 8.68 | 8.01 | |
| Total Liabilities | 20.85 | 29.14 | 65.62 |
| 6.56 | 12.12 | 14.93 | |
| CWIP | 0.84 | 0.15 | 13.05 |
| Investments | 0.00 | 0.00 | 3.07 |
| 13.45 | 16.87 | 34.57 | |
| Total Assets | 20.85 | 29.14 | 65.62 |
Cash Flows
Figures in Rs. Crores
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| -1.51 | 6.75 | -6.20 | |
| -0.80 | -5.70 | -21.49 | |
| 3.61 | -1.97 | 27.73 | |
| Net Cash Flow | 1.30 | -0.92 | 0.04 |
| Free Cash Flow | -2.31 | 1.04 | -24.71 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -147% | 142% | -27% |
Ratios
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 448.58 | 65.39 | 59.16 |
| Inventory Days | 515.67 | 112.69 | 106.48 |
| Days Payable | 214.33 | 54.17 | 20.31 |
| Cash Conversion Cycle | 749.92 | 123.91 | 145.33 |
| Working Capital Days | 154.13 | -19.44 | 95.59 |
| ROCE % | 32.86% | 30.43% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| HDPE Containers Capacity Utilization % |
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| PET Bottles and Jars Capacity Utilization % |
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| PET Preforms Capacity Utilization % |
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| PET Preforms Installed Capacity Tonnes/Year |
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| PET Preforms Production Volume Tonnes |
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| Solar Power Installed Capacity Energy Units/Year |
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| Top 10 Customer Revenue Concentration % |
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| Madhya Pradesh Revenue Concentration % |
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Extracted by Screener AI
Documents
Announcements
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) certificate for quarter ended September 30, 2026; no dematerialisations reported.
-
Shareholders meeting
- 03rd AGM held 30 Sep 2026; all 4 resolutions passed by requisite majority.
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Shareholders meeting
- Manas Polymers held its 3rd AGM on 30 September 2026; audited results adopted and auditors appointed.
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General Updates
- NSE approved listing/trading of 1,55,52,000 rights shares from September 30, 2026.
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Trading Window
- Trading window closed from 1 October 2026 until 48 hours after half-year results.
Business Overview:[1][2]
Manas Polymers & Energies Ltd (MPEL) provides high‑quality PET packaging solutions for India’s food and beverage industry, alongside advanced solar energy offerings. The company is engaged in manufacturing and sale of premium PET preforms, PET bottles, and closure caps within the plastics sector.
In addition, it operates a solar energy vertical that generates electricity, reflecting its dual focus on sustainable packaging and renewable power.
As of FY26, the company has ~50+ Running Projects, ~17890+ Completed Orders, and ~150+ Clients