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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 Petrochemical Share Price

₹84.58 1.23 (1.48%)

As on 25-Sep'26 16:59

Manali Petrochemicals Ltd (MANALIPETC)

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

₹84.58 1.23 (1.48%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,455 Cr.
Current Price
₹84.6
52-Week Low / High
₹39 / 93
TTM EPS
₹10.5
TTM Sales
₹1,062 Cr.
Book Value per Share
₹78.2
P/E Ratio
8.08
Higher than its 5-year historical median
Industry PE
48
Price to Book (P/B)
1.08
Lower than its 5-year historical median
Price to Sales (P/S)
1.37
In line with its 5-year historical median
EV/EBITDA
4.65
Lower than its 5-year historical median
Dividend Yield
0.59%
Profitability Efficiency
Return on Equity (ROE)
10.94%
Outperforms industry median
Return on Capital Employed (ROCE)
13.23%
Outperforms industry median
Return on Assets (ROA)
8.67%
Operating Profit Margin
8%
Net Profit Margin
12.71%
Gross Profit Margin
11.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
21.44%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
40.74%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
343.36%
Asset Quality
Promoter Holding
44.86%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,260 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 -0.04%, compared to the industry median CAGR of 0%, 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 10% 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ19.8%22.6%24.3%11%46.9%62.2%7.6%0.1%-0%5.3%-
Value Creation
Index ⓘ
0.40.60.7-0.22.43.4-0.5-1.0-1.0-0.6-

Growth Parameters ⓘ

Sales ⓘ5836457026779221,4441,029798648786852
Sales YoY Gr.-10.7%8.8%-3.6%36.3%56.5%-28.7%-22.5%-18.8%21.4%-
Adj EPS ⓘ2.23.23.22.61222.22.9-0.3-0.31.55.1
YoY Gr.-49.8%-1.9%-17.7%361.9%84.5%-86.7%-110.9%NANA-
BVPS (₹) ⓘ19.922.425.726.63757.357.856.555.356.860
Adj Net
Profit ⓘ
37.155.454.444.720638150.6-5.5-5.925.487
Cash Flow from Ops. ⓘ9269.218.683.820138544.222.9-54.751.6-
Debt/CF from Ops. ⓘ0.30.30.80.10.100.21-0.81.2-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ3.4%-3.1%-8.6%21.4%
Adj EPS ⓘ-4.1%-34.2%-20.5%NA
BVPSⓘ12.4%8.9%-0.6%2.7%
Share Price 10% -5.4% 9.5% 31.1%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
11.915.213.29.937.8475.1-0.6-0.62.68.7
Op. Profit
Mgn % ⓘ
10.714.613.49.531.536.26.80.40.94.211.4
Net Profit
Mgn % ⓘ
6.48.67.86.622.426.44.9-0.7-0.93.210.2
Debt to
Equity ⓘ
0.100000000.10.1-
Working Cap
Days ⓘ
1531021041138461819714214194
Cash Conv.
Cycle ⓘ
3233435038275059776654

Valuation of Manali Petrochemical - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales6327488108031,0241,6721,1771,0328971,022
Operating Expenses ⓘ + 5726517127337241,1431,103988839940
Manufacturing Costs65931119894128147134125122
Material Costs448493530562551913839715579685
Employee Cost 33364139456155696865
Other Costs ⓘ 26283033334262706668
Operating Profit ⓘ 6097997030152974455882
Operating Profit Margin (%) 9.5%13.0%12.2%8.7%29.4%31.6%6.3%4.3%6.5%8.0%
Other Income ⓘ + 1331213131828292547
Exceptional Items ⓘ 0017-8-21-70-6-368
Interest ⓘ 2326599101014
Depreciation ⓘ 1091114212023252734
Profit Before Tax ⓘ 618811354268511703342150
Tax ⓘ 22303786712919141321
Profit After Tax 40587747201381511929130
PAT Margin (%) 6.3%7.7%9.5%5.8%19.6%22.8%4.3%1.9%3.3%12.7%
Adjusted EPS (₹)2.33.44.52.711.722.23.01.11.77.6
Dividend Payout Ratio (%)21.70%14.90%16.80%27.70%12.80%11.30%25.50%67.20%29.30%6.60%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3303924554816801,0301,0441,0621,0941,281
Share Capital ⓘ 86.0386.0386.0386.0386.0386.0386.0386.0386.0386.03
Reserves ⓘ 2443063693955949449589761,0081,195
Debt +2623342614197224451
Long Term Debt000000001926
Short Term Debt2623342614197222525
Minority Interest0000000000
Trade Payables1236593568195616099113
Others Liabilities ⓘ 77777198116146162164164150
Total Liabilities ⓘ 5565566546608921,2901,2741,3081,4031,596

Fixed Assets

Net Fixed Assets ⓘ +234273283302292343552559596568
Gross Block244292313345331399631663726708
Accumulated Depreciation10193043395679104130140
CWIP ⓘ 2812626281423176139
Investments ⓘ 165704100029156
Inventories12472118897088109108196154
Trade Receivables88101114108172158159121117168
Cash Equivalents flag ⓘ 28126260287617385422333605
Others Assets ⓘ 38287133437047528656
Total Assets ⓘ 5565566546608921,2901,2741,3081,4031,596
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 875813872193739275-19116
PBT ⓘ 618811354268511703342150
Adjustment ⓘ 24-521369101422-42
Changes in Working Capital ⓘ 37-8-6526-17-193832-6020
Tax Paid ⓘ -14-25-30-13-68-128-25-5-23-13
Cash Flow From Investing Activity ⓘ + -124-22-17-21-15-13-267-82-15575
Capex -123-32-19-29-24-27-45-25-101-67
Net Investments -440-000-0-28149
Others ⓘ 35291014-222-29-68134
Cash Flow From Financing Activity ⓘ + 6-17-2-29-28-26-64-7-0-9
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 00000000197
Interest Paid ⓘ -2-3-2-5-4-5-9-10-10-14
Dividend Paid ⓘ -9-9-9-13-13-26-43-13-13-9
Others ⓘ 17-59-11-114-121646
Net Cash Flow ⓘ -3119-638176334-239-14-174182
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)12.9116.0418.099.9734.6644.564.881.822.7210.94
ROCE (%)19.8223.6125.6412.1545.3859.647.544.024.7213.23
Asset Turnover Ratio1.31.411.371.251.331.540.930.810.670.7
PAT to CFO Conversion(x)2.1810.171.851.090.981.83.95-0.660.89
Working Capital Days
Receivable Days46.5043.9047.3049.4049.4035.8048.6049.1047.9049.70
Inventory Days59.7045.6041.8045.9028.1017.1030.103861.1060.80
Payable Days9469.5054.3048.3045.4035.30343150.2056.50

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Manali Petrochemicals Ltd FAQs

The current trading price of Manali Petrochemical on 25-Sep-2026 16:59 is ₹84.58.

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 24-Sep-2026 the market cap of Manali Petrochemical stood at ₹1,454.8 Cr

The latest P/E ratio of Manali Petrochemical as of 24-Sep-2026 is 16.67.

The latest P/B ratio of Manali Petrochemical as of 24-Sep-2026 is 1.41.

The 52-week high of Manali Petrochemical is ₹92.70 and the 52-week low is ₹39.15.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Manali Petrochemical is ₹852 ( 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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