Manali Petrochemicals Ltd

₹ 58.3 0.69%

19 May 11:14 a.m.

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 ₹ 1,003 Cr.
Current Price ₹ 58.3
High / Low ₹ 105 / 49.2
Stock P/E
Book Value ₹ 55.3
Dividend Yield 1.29 %
ROCE 0.27 %
ROE -0.58 %
Face Value ₹ 5.00

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Pros

Stock is trading at 1.05 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -0.88% over past five years.
Company has a low return on equity of 1.38% over last 3 years.
Earnings include an other income of Rs.18.6 Cr.
Working capital days have increased from 47.6 days to 72.8 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

Sector: Petrochemicals Industry: Petrochemicals

Part of BSE Allcap BSE Commodities BSE SmallCap

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	360.89	300.91	260.67	205.30	266.39	235.99	215.91	155.25	190.48	177.76	165.54	140.95	163.27
	258.78	249.69	243.66	204.25	261.16	242.09	210.10	158.75	183.86	171.88	175.36	139.63	156.04
Operating Profit	102.11	51.22	17.01	1.05	5.23	-6.10	5.81	-3.50	6.62	5.88	-9.82	1.32	7.23
OPM %	28.29%	17.02%	6.53%	0.51%	1.96%	-2.58%	2.69%	-2.25%	3.48%	3.31%	-5.93%	0.94%	4.43%
	2.57	5.55	6.55	6.27	4.55	5.16	5.91	5.00	2.82	4.88	3.72	3.31	6.65
Interest	3.52	1.76	1.70	3.14	1.84	1.80	1.87	1.95	2.41	2.38	2.17	2.34	2.45
Depreciation	5.07	5.24	5.35	5.51	5.69	5.28	5.12	5.25	5.62	5.81	5.81	5.89	6.08
Profit before tax	96.09	49.77	16.51	-1.33	2.25	-8.02	4.73	-5.70	1.41	2.57	-14.08	-3.60	5.35
Tax %	25.13%	25.36%	29.07%	-147.37%	40.89%	-22.32%	30.87%	-25.09%	243.97%	31.91%	-23.86%	-21.39%	42.43%
	71.94	37.14	11.71	0.63	1.33	-6.23	3.27	-4.27	-2.03	1.75	-10.72	-2.83	3.08
EPS in Rs	4.18	2.16	0.68	0.04	0.08	-0.36	0.19	-0.25	-0.12	0.10	-0.62	-0.16	0.18
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	554	733	579	583	645	702	677	922	1,444	1,029	798	648
	508	663	511	521	552	610	613	632	921	959	795	643
Operating Profit	47	70	68	62	93	93	64	290	522	70	3	5
OPM %	8%	10%	12%	11%	14%	13%	9%	31%	36%	7%	0%	1%
	6	7	9	11	2	22	1	-8	10	27	19	19
Interest	2	2	3	2	3	2	6	4	9	8	8	9
Depreciation	7	6	6	9	8	10	14	20	19	22	21	24
Profit before tax	45	70	69	62	84	103	45	257	505	67	-8	-10
Tax %	35%	37%	30%	32%	35%	36%	14%	25%	25%	24%	22%	-11%
	29	44	48	42	55	65	39	193	377	51	-9	-9
EPS in Rs	1.69	2.56	2.80	2.46	3.19	3.80	2.25	11.20	21.90	2.95	-0.54	-0.51
Dividend Payout %	30%	20%	18%	20%	16%	20%	33%	13%	11%	25%	-140%	-98%

Compounded Sales Growth
10 Years:	-1%
5 Years:	-1%
3 Years:	-23%
TTM:	-19%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-16%

Stock Price CAGR
10 Years:	14%
5 Years:	33%
3 Years:	-21%
1 Year:	-26%

Return on Equity
10 Years:	14%
5 Years:	15%
3 Years:	1%
Last Year:	-1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	86	86	86	86	86	86	86	86	86	86	86	86
Reserves	125	159	197	256	300	356	371	550	900	909	886	865
	2	1	2	23	17	14	9	13	16	7	22	119
	98	162	215	176	116	145	141	175	199	171	182	147
Total Liabilities	312	408	500	541	519	601	607	825	1,201	1,173	1,176	1,217
	104	105	105	142	171	183	200	181	236	247	267	284
CWIP	3	6	16	28	12	6	26	28	14	23	17	61
Investments	19	82	74	126	167	110	151	110	110	399	427	414
	187	215	305	244	168	301	229	504	842	504	465	459
Total Assets	312	408	500	541	519	601	607	825	1,201	1,173	1,176	1,217

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	45	78	-6	92	69	19	84	201	385	44	23	-55
	-2	-6	-12	-137	-15	-17	-22	-16	-12	-312	-84	-39
	-12	-14	-11	3	-19	-15	-26	-12	-27	-61	-5	1
Net Cash Flow	31	58	-29	-42	35	-14	36	172	346	-329	-67	-93

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	35	40	57	43	43	43	42	59	34	38	33	39
Inventory Days	60	56	96	102	49	81	58	45	34	38	52	130
Days Payable	50	74	124	95	39	64	35	50	28	19	25	62
Cash Conversion Cycle	44	22	29	51	53	60	65	54	41	57	60	107
Working Capital Days	44	9	44	25	26	57	40	37	22	37	33	73
ROCE %	23%	31%	28%	20%	23%	21%	13%	51%	63%	8%	1%	0%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	44.86%	44.87%	44.87%	44.87%	44.87%	44.87%	44.87%	44.87%	44.87%	44.87%	44.87%	44.87%
	3.05%	2.24%	1.95%	2.17%	1.96%	0.81%	0.86%	0.79%	1.32%	1.10%	1.06%	0.66%
	0.05%	0.03%	0.03%	0.03%	0.03%	0.07%	0.02%	0.02%	0.07%	0.01%	0.01%	0.01%
	52.03%	52.86%	53.16%	52.92%	53.15%	54.24%	54.26%	54.33%	53.74%	54.02%	54.07%	54.47%
No. of Shareholders	1,85,665	1,98,207	2,00,631	2,00,760	1,98,977	1,96,673	1,91,875	1,88,540	1,71,175	1,62,753	1,62,534	1,59,881

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	44.82%	44.82%	44.82%	44.86%	44.86%	44.86%	44.87%	44.87%	44.87%
	1.21%	1.45%	1.66%	0.00%	0.91%	2.90%	2.17%	0.79%	0.66%
	0.35%	0.32%	0.37%	0.30%	0.03%	0.05%	0.03%	0.02%	0.01%
	53.63%	53.41%	53.16%	54.83%	54.20%	52.18%	52.92%	54.33%	54.47%
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

* 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

Shareholding Pattern

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