Manali Petrochemicals Ltd Stock Analysis

BSE: 500268 | NSE: MANALIPETC | Chemicals | Small Cap

BSE Share Price 29-Sep-2023 15:12
65.86 1.69 (2.63%)

DeciZen - Make an Informed Decision on Manali Petro

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Manali Petro Price Chart

P/E Ratio (SA):
148.25
Market Cap:
1,103.7 Cr.
52-wk low:
56.8
52-wk high:
99
Bole Toh?

1. Is Manali Petrochemicals Ltd a good quality company?

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

2. Is Manali Petrochemicals Ltd undervalued or overvalued?

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

3. Is Manali Petrochemicals Ltd a good buy now?

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

10 Year X-Ray of Manali Petro:

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 majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 15%19.9%18.9%11.8%15%13%10.6%37.6%46.9%5.6%-
Value Creation Index 0.10.40.4-0.20.1-0.1-0.31.72.4-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5547335795836457026779221,4441,033968
YoY Gr. Rt. %-32.2%-21%0.7%10.7%8.8%-3.6%36.3%56.5%-28.4%-
Adj EPS 1.72.62.82.23.23.22.61222.22.90.4
YoY Gr. Rt. %-50.6%9.8%-23.5%49.8%-1.9%-17.7%361.9%84.5%-86.7%-
BVPS (₹) 12.314.216.419.922.425.726.63757.357.857.5
Adj Net Profit 29.24448.337.155.454.444.720638150.67
Cash Flow from Ops. 45.478.4-5.59269.218.683.820138544.2-
Debt/CF from Ops. 0.10-0.40.30.30.80.10.100.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.2%9.9%15.2%-28.4%
Adj EPS 6.3%-1.8%4.2%-86.7%
BVPS18.8%20.8%29.6%0.9%
Share Price 24.7% 13.8% 25.5% -29.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on Equity % 14.519.318.311.915.213.29.937.8475.10.8
Op. Profit Mgn % 8.69.611.310.714.613.49.531.536.27.21.8
Net Profit Mgn % 5.368.36.48.67.86.622.426.44.90.8
Debt to Equity 0000.1000000-
Working Cap Days 100811431531021041138461810
Cash Conv. Cycle 332934323343503827490

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 15.16%

Return on Equity has declined versus last 3 years average to 0.70%

Net Profit has been subdued in last 3 years 4.18%

Sales growth is not so good in last 4 quarters at -32.95%

Latest Financials - Manali Petrochemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 0.4 1.1
TTM Sales (₹ Cr.) 968 1,158
BVPS (₹.) 57.5 61
Reserves (₹ Cr.) 902 962
P/BV 1.12 1.06
PE 148.25 59.86
From the Market
52 Week Low / High (₹) 56.75 / 98.95
All Time Low / High (₹) 0.80 / 149.50
Market Cap (₹ Cr.) 1,104
Equity (₹ Cr.) 86
Face Value (₹) 5
Industry PE 38

Management X-Ray of Manali Petro :

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Manali Petro

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Manali Petrochemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Manali Petro on 29-Sep-2023 15:12 is : 65.86.
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 29-Sep-2023 15:12 the market cap of Manali Petro stood at ₹ 1,103.7.
The latest PE ratio of Manali Petro as of 29-Sep-2023 15:12 is 148.2.
The latest PB ratio of Manali Petro as of 29-Sep-2023 15:12 is 1.12
The 52-week high of Manali Petro is ₹ 98.95 and the 52-week low is ₹ 56.75.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Manali Petro is ₹ 968.4 ( Cr.) .

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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