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Manali Petrochemicals Ltd (MANALIPETC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500268 NSE: MANALIPETC Chemicals | Small Cap | Manali Petro Share Price

₹64.51 0.37 (0.58%)

As on 04-Jun'26 16:59

Manali Petrochemicals Ltd (MANALIPETC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500268 NSE: MANALIPETC Chemicals | Small Cap | Manali Petro Share Price

₹64.51 0.37 (0.58%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,110 Cr.
Current Price
₹64.5
52-Week Low / High
₹39 / 81
TTM EPS
₹2
TTM Sales
₹786 Cr.
Book Value per Share
₹56.8
P/E Ratio
31.92
Higher than its 5-year historical median
Industry PE
50.2
Price to Book (P/B)
1.14
Lower than its 5-year historical median
Price to Sales (P/S)
1.41
In line with its 5-year historical median
EV/EBITDA
15.51
In line with its 5-year historical median
Dividend Yield
0.89%
Profitability Efficiency
Return on Equity (ROE)
-0.91%
Underperforms industry median
Return on Capital Employed (ROCE)
-0.04%
Underperforms industry median
Return on Assets (ROA)
-0.73%
Operating Profit Margin
0.9%
Net Profit Margin
-1.35%
Gross Profit Margin
2.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-18.82%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
62.54%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
44.86%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹891 Cr.
Equity
₹86 Cr.
Face Value
₹5
All Time Low / High
₹0.80 / 149.50

Manali Petrochemicals stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Strong
Q.1 Is Manali Petrochemicals Ltd a good quality company?
Manali Petrochemicals Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Manali Petrochemicals Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Manali Petrochemicals Ltd vs industry peers?
Manali Petrochemicals Ltd revenue CAGR is -0.88%, compared to the industry median CAGR of 7.53%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Manali Petrochemicals Ltd?
Promoters hold 44.86% of the Manali Petrochemicals Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Manali Petrochemicals Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 6% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Manali Petrochemicals Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 27.1%19.8%22.6%24.3%11%46.9%62.2%7.6%0.1%-0%-
Value Creation
Index
0.90.40.60.7-0.22.43.4-0.5-1.0-1.0-

Growth Parameters

Sales 5795836457026779221,4441,029798648786
Sales YoY Gr.-0.7%10.7%8.8%-3.6%36.3%56.5%-28.7%-22.5%-18.8%-
Adj EPS 2.82.23.23.22.61222.22.9-0.3-0.32
YoY Gr.--23.5%49.8%-1.9%-17.7%361.9%84.5%-86.7%-110.9%NA-
BVPS (₹) 16.419.922.425.726.63757.357.856.555.356.8
Adj Net
Profit
48.337.155.454.444.720638150.6-5.5-5.935
Cash Flow from Ops. -5.59269.218.683.820138544.222.9-54.7-
Debt/CF from Ops. -0.40.30.30.80.10.100.21-0.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 1.3%-0.9%-23.5%-18.8%
Adj EPS -179.1%-166.6%-124.9%NA
BVPS14.4%15.8%-1.2%-2.3%
Share Price 7.9% -4.5% -1% 9.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
18.311.915.213.29.937.8475.1-0.6-0.63.6
Op. Profit
Mgn %
11.310.714.613.49.531.536.26.80.40.93.8
Net Profit
Mgn %
8.36.48.67.86.622.426.44.9-0.7-0.94.4
Debt to
Equity
00.100000000.10
Working Cap
Days
1431531021041138461819714294
Cash Conv.
Cycle
3432334350382750597754

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales5795836457026779221,4441,029798648
Operating Expenses + 515522552611613632921959795643
Manufacturing Costs7364911089590125143129122
Material Costs393416418451468490731744593451
Employee Cost 21222226252631353635
Other Costs 27202126252634363635
Operating Profit 64619391642905227035
Operating Profit Margin (%) 11.1%10.5%14.4%13.0%9.4%31.5%36.2%6.8%0.4%0.7%
Other Income + 14122791317272422
Exceptional Items 00017-8-21-70-6-3
Interest 3232649889
Depreciation 69810142019222124
Profit Before Tax 6962841034525750567-8-10
Tax 21202937664128162-1
Profit After Tax 484255653919337751-9-9
PAT Margin (%) 8.3%7.3%8.5%9.3%5.7%20.9%26.1%4.9%-1.2%-1.4%
Adjusted EPS (₹)2.82.53.23.82.311.221.93.0-0.5-0.5
Dividend Payout Ratio (%)17.80%20.30%15.70%19.70%33.40%13.40%11.40%25.40%-139.50%-98.40%

Valuation of Manali Petro - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 283342386442457636986995972951
Share Capital 86868686868686868686
Reserves 197256300356371550900909886865
Debt +22317149131672244
Long Term Debt00000000019
Short Term Debt22317149131672225
Minority Interest0000000000
Trade Payables1351084579456756404077
Others Liabilities 10268706695108144132142145
Total Liabilities 5225415196016078251,2011,1731,1761,217

Fixed Assets

Net Fixed Assets +105142171183200181236247267284
Gross Block301151189210239217287320361400
Accumulated Depreciation196917273935517394116
CWIP 1628126262814231761
Investments 74126167110151110110399427414
Inventories104116571007560697884161
Trade Receivables90697682781491341077269
Cash Equivalents 62275246258604276262149
Others Assets 127372867313735424780
Total Assets 5225415196016078251,2011,1731,1761,217

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -6926919842013854423-55
PBT 6963841034525750567-8-10
Adjustment -123-7173277618
Changes in Working Capital -44388-4734-211-929-61
Tax Paid -30-11-25-30-13-68-128-21-4-2
Cash Flow From Investing Activity + -12-137-15-17-22-16-12-312-84-39
Capex -16-30-20-20-31-27-27-43-25-94
Net Investments -5-109-00-000-289-2814
Others 103529101520-3241
Cash Flow From Financing Activity + -113-19-15-25-12-27-61-51
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -3-2-3-2-5-4-4-8-8-9
Dividend Paid -9-9-9-9-13-13-26-43-13-13
Others -014-8-5-843-101623
Net Cash Flow -29-4235-1436172346-329-67-93

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)18.2813.5415.0815.818.635.2346.455.13-0.94-0.91
ROCE (%)27.0719.822.5724.3110.9946.8962.217.550.05-0.04
Asset Turnover Ratio1.411.221.291.291.151.31.440.880.690.55
PAT to CFO Conversion(x)-0.132.191.250.292.151.041.020.86N/AN/A
Working Capital Days
Receivable Days47.3044.6038.804041.9044.4035.5042.1040.6039.10
Inventory Days50.2062.1046.2039.6045.7026.4016.2025.7036.6068.10
Payable Days79.4094.6066.8050.1048.404230.7023.3024.5047.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Manali Petrochemicals Ltd FAQs

The current trading price of Manali Petro on 04-Jun-2026 16:59 is ₹64.51.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Manali Petro stood at ₹1,109.6 Cr

The latest P/E ratio of Manali Petro as of 03-Jun-2026 is 31.92.

The latest P/B ratio of Manali Petro as of 03-Jun-2026 is 1.14.

The 52-week high of Manali Petro is ₹81.00 and the 52-week low is ₹39.15.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Manali Petro is ₹786 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Manali Petrochemicals Ltd is a average quality company.

The key valuation ratios of Manali Petrochemicals Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Manali Petrochemicals Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Manali Petrochemicals Ltd

Manali Petrochemical Ltd. (MPL) established in 1986, is a leader in the production and marketing of propylene glycol and polyols in India.

It is based in Chennai, India. Manali Petrochemical annually produces 27000 metric tonnes of propylene oxide, 14,000 metric tonnes of propylene glycol and 15,000 metric tonnes of polyether polyol and system polyol.

Manali Petrochemical Ltd Plant-I (originally built by SPIC) set up with the technology of Atochem for manufacture of PO and PG and that of Arco for manufacture of Polyuol acquired through Technip, France. Manali Petrochemical Ltd Plant-II (originally joint venture of UB and TIDCO) was merged with MPL later utilizes the technology of Enichem of Italy for the PO and PG and Press Industrial for manufacture of Polyol.

MPL operates two grass route production facilities at Manali near Chennai to manufacturer Propylene oxide (PO), Propylele Glycol (PG) and polyol. MPL markets its poolyols with isocyanate imported from Japan and TDI prepolymers produced at MPL for meeting the demand from polyurethane industry in India.

Manali Petrochemical Ltd Plant-I (originally built by SPIC) set up with the technology of Atochem for manufacture of PO and PG and that of Arco for manufacture of Polyuol acquired through Technip, France. Manali Petrochemical Ltd Plant-II (originally joint venture of UB and TIDCO) was merged with MPL later utilizes the technology of Enichem of Italy for the PO and PG and Press Industrial for manufacture of Polyol.

Product ranges of the company include:

  • Propylene oxide
  • Propylele Glycol
  • Polyol
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