Manali Petrochemicals Ltd

₹ 86.8 -3.31%

04 Sep - 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 ₹ 1,492 Cr.
Current Price ₹ 86.8
High / Low ₹ 90.9 / 39.1
Stock P/E 20.2
Book Value ₹ 56.8
Dividend Yield 0.58 %
ROCE 3.47 %
ROE 2.23 %
Face Value ₹ 5.00

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Pros

Company is expected to give good quarter

Cons

The company has delivered a poor sales growth of -3.14% over past five years.
Company has a low return on equity of 0.38% over last 3 years.
Earnings include an other income of Rs.54.6 Cr.
Debtor days have increased from 44.6 to 61.8 days.

* 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

Standalone Figures in Rs. Crores / View Consolidated

	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
	236	216	155	190	178	166	141	163	163	180	195	248	229
	242	210	159	184	172	175	140	156	157	178	189	231	156
Operating Profit	-6	6	-4	7	6	-10	1	7	6	2	6	16	73
OPM %	-2.6%	2.7%	-2.2%	3.5%	3.3%	-6%	0.9%	4.4%	3.8%	0.9%	2.9%	7%	32%
	5	6	5	3	5	4	3	7	7	8	10	27	10
Interest	2	2	2	2	2	2	2	2	3	3	3	3	3
Depreciation	5	5	5	6	6	6	6	6	6	6	7	8	7
Profit before tax	-8	5	-6	1	3	-14	-4	5	4	0	5	33	73
Tax %	-22%	31%	-25%	244%	32%	-24%	-21%	42%	27%	5%	11%	18%	24%
	-6	3	-4	-2	2	-11	-3	3	3	0	5	27	56
EPS in Rs	-0.36	0.19	-0.25	-0.12	0.10	-0.62	-0.16	0.18	0.18	0.01	0.26	1.57	3.23
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	733	579	583	645	702	677	922	1,444	1,029	798	648	786	852
	663	511	521	552	610	613	632	921	959	795	643	756	755
Operating Profit	70	68	62	93	93	64	290	522	70	3	5	30	97
OPM %	10%	12%	11%	14%	13%	9%	31%	36%	7%	0.4%	0.7%	3.8%	11%
	7	9	11	2	22	1	-8	10	27	19	18	52	55
Interest	2	3	2	3	2	6	4	9	8	8	9	12	12
Depreciation	6	6	9	8	10	14	20	19	22	21	24	28	29
Profit before tax	70	69	62	84	103	45	257	505	67	-8	-10	42	111
Tax %	37%	30%	32%	35%	36%	14%	25%	25%	24%	22%	-11%	18%
	44	48	42	55	65	39	193	377	51	-9	-9	35	87
EPS in Rs	2.56	2.80	2.46	3.19	3.80	2.25	11.20	21.90	2.95	-0.54	-0.51	2.02	5.07
Dividend Payout %	20%	18%	20%	16%	20%	33%	13%	11%	25%	-140%	-98%	25%

Compounded Sales Growth
10 Years:	3%
5 Years:	-3%
3 Years:	-9%
TTM:	35%

Compounded Profit Growth
10 Years:	-8%
5 Years:	-36%
3 Years:	-25%
TTM:	1413%

Stock Price CAGR
10 Years:	11%
5 Years:	0%
3 Years:	9%
1 Year:	20%

Return on Equity
10 Years:	12%
5 Years:	9%
3 Years:	0%
Last Year:	2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	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	86
Reserves	159	197	256	300	356	371	550	900	909	886	865	890
	1	2	23	17	14	9	13	16	7	95	119	132
	162	215	176	116	145	141	175	199	171	109	147	155
Total Liabilities	408	500	541	519	601	607	825	1,201	1,173	1,176	1,217	1,264
	105	105	142	171	183	200	181	236	247	267	284	348
CWIP	6	16	28	12	6	26	28	14	23	17	61	37
Investments	82	74	126	167	110	151	110	110	399	427	414	405
	215	305	244	168	301	229	504	842	504	465	459	474
Total Assets	408	500	541	519	601	607	825	1,201	1,173	1,176	1,217	1,264

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	78	-6	92	69	19	84	201	385	44	23	-55	52
	-6	-12	-137	-15	-17	-22	-16	-12	-312	-84	-39	-37
	-14	-11	3	-19	-15	-26	-12	-27	-61	-5	1	-5
Net Cash Flow	58	-29	-42	35	-14	36	172	346	-329	-67	-93	9
Free Cash Flow	68	-22	62	49	-1	53	174	358	1	-2	-148	-5
CFO/OP	155%	36%	165%	101%	53%	151%	92%	98%	93%	937%	-1,108%	197%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	40	57	43	43	43	42	59	34	38	33	39	62
Inventory Days	56	96	102	49	81	58	45	34	38	52	130	89
Days Payable	74	124	95	39	64	35	50	28	19	25	62	65
Cash Conversion Cycle	22	29	51	53	60	65	54	41	57	60	107	85
Working Capital Days	9	43	11	16	50	35	32	18	35	22	55	48
ROCE %	31%	28%	20%	23%	21%	13%	51%	63%	8%	1%	0%	3%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

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Mar 2025

Permanent Employees
count

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

Propylene Glycol Revenue Share
% of standalone turnover

Propylene Glycol Installed Capacity
MTPA

Propylene Oxide Revenue Share
% of standalone turnover

Renewable Energy Share
% of total energy consumption

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

40 Recently

	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

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Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

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Shareholding Pattern

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