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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
₹82.85 0.50 (0.61%)
As on 18-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
₹82.85 0.50 (0.61%)
As on 18-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹1,425 Cr.
Current Price
₹82.9
52-Week Low / High
₹39 / 93
TTM EPS
₹10.5
TTM Sales
₹1,062 Cr.
Book Value per Share
₹78.2
P/E Ratio
7.92
Higher than its 5-year historical median
Industry PE
48
Price to Book (P/B)
1.06
Lower than its 5-year historical median
Price to Sales (P/S)
1.34
Lower than its 5-year historical median
EV/EBITDA
4.37
Lower than its 5-year historical median
Dividend Yield
0.6%
Profitability Efficiency
Return on Equity (ROE)
2.72%
Underperforms industry median
Return on Capital Employed (ROCE)
4.72%
Underperforms industry median
Return on Assets (ROA)
2.16%
Operating Profit Margin
6.6%
Net Profit Margin
3.27%
Gross Profit Margin
8%
Growth Momentum
1-yr vs 3-yr growth
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
30.55%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
52.58%
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
Check Before You Invest
Quality
Somewhat GoodValuation
FairCheck Valuation charts
Price Trend
Strong
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?
Revenue growth of Manali Petrochemicals Ltd vs industry peers?
Manali Petrochemicals Ltd revenue CAGR is 2.24%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
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.
Stock return of Manali Petrochemicals Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 9.3% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 27.1% | 19.8% | 22.6% | 24.3% | 11% | 46.9% | 62.2% | 7.6% | 0.1% | -0% | - |
| Value Creation Index ⓘ | 0.9 | 0.4 | 0.6 | 0.7 | -0.2 | 2.4 | 3.4 | -0.5 | -1.0 | -1.0 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 579 | 583 | 645 | 702 | 677 | 922 | 1,444 | 1,029 | 798 | 648 | 852 |
| Sales YoY Gr. | - | 0.7% | 10.7% | 8.8% | -3.6% | 36.3% | 56.5% | -28.7% | -22.5% | -18.8% | - |
| Adj EPS ⓘ | 2.8 | 2.2 | 3.2 | 3.2 | 2.6 | 12 | 22.2 | 2.9 | -0.3 | -0.3 | 5.1 |
| YoY Gr. | - | -23.5% | 49.8% | -1.9% | -17.7% | 361.9% | 84.5% | -86.7% | -110.9% | NA | - |
| BVPS (₹) ⓘ | 16.4 | 19.9 | 22.4 | 25.7 | 26.6 | 37 | 57.3 | 57.8 | 56.5 | 55.3 | 60 |
| Adj Net Profit ⓘ | 48.3 | 37.1 | 55.4 | 54.4 | 44.7 | 206 | 381 | 50.6 | -5.5 | -5.9 | 87 |
| Cash Flow from Ops. ⓘ | -5.5 | 92 | 69.2 | 18.6 | 83.8 | 201 | 385 | 44.2 | 22.9 | -54.7 | - |
| Debt/CF from Ops. ⓘ | -0.4 | 0.3 | 0.3 | 0.8 | 0.1 | 0.1 | 0 | 0.2 | 1 | -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 | ||||
| BVPSⓘ | 14.4% | 15.8% | -1.2% | -2.3% | ||||
| Share Price | 9.3% | -4.7% | 8% | 21.3% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 18.3 | 11.9 | 15.2 | 13.2 | 9.9 | 37.8 | 47 | 5.1 | -0.6 | -0.6 | 8.8 |
| Op. Profit Mgn % ⓘ | 11.3 | 10.7 | 14.6 | 13.4 | 9.5 | 31.5 | 36.2 | 6.8 | 0.4 | 0.9 | 11.4 |
| Net Profit Mgn % ⓘ | 8.3 | 6.4 | 8.6 | 7.8 | 6.6 | 22.4 | 26.4 | 4.9 | -0.7 | -0.9 | 10.2 |
| Debt to Equity ⓘ | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | - |
| Working Cap Days ⓘ | 143 | 153 | 102 | 104 | 113 | 84 | 61 | 81 | 97 | 142 | 94 |
| Cash Conv. Cycle ⓘ | 34 | 32 | 33 | 43 | 50 | 38 | 27 | 50 | 59 | 77 | 54 |
Valuation of Manali Petrochemical - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 579 | 632 | 748 | 810 | 803 | 1,024 | 1,672 | 1,177 | 1,032 | 897 |
| Operating Expenses ⓘ + | 515 | 572 | 651 | 712 | 733 | 724 | 1,143 | 1,103 | 988 | 839 |
| Operating Profit ⓘ | 64 | 60 | 97 | 99 | 70 | 301 | 529 | 74 | 45 | 58 |
| Operating Profit Margin (%) | 11.0% | 9.5% | 13.0% | 12.2% | 8.7% | 29.4% | 31.6% | 6.3% | 4.3% | 6.5% |
| Other Income ⓘ + | 14 | 13 | 3 | 12 | 13 | 13 | 18 | 28 | 29 | 25 |
| Interest ⓘ | 3 | 2 | 3 | 2 | 6 | 5 | 9 | 9 | 10 | 10 |
| Depreciation ⓘ | 6 | 10 | 9 | 11 | 14 | 21 | 20 | 23 | 25 | 27 |
| Profit Before Tax ⓘ | 69 | 61 | 88 | 113 | 54 | 268 | 511 | 70 | 33 | 42 |
| Tax ⓘ | 21 | 22 | 30 | 37 | 8 | 67 | 129 | 19 | 14 | 13 |
| Profit After Tax | 48 | 40 | 58 | 77 | 47 | 201 | 381 | 51 | 19 | 29 |
| PAT Margin (%) | 8.3% | 6.3% | 7.7% | 9.5% | 5.8% | 19.6% | 22.8% | 4.3% | 1.9% | 3.3% |
| Adjusted EPS (₹) | 2.8 | 2.3 | 3.4 | 4.5 | 2.7 | 11.7 | 22.2 | 3.0 | 1.1 | 1.7 |
| Dividend Payout Ratio (%) | 17.90% | 21.70% | 14.90% | 16.80% | 27.70% | 12.80% | 11.30% | 25.50% | 67.20% | 29.30% |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 282 | 330 | 392 | 455 | 481 | 680 | 1,030 | 1,044 | 1,062 | 1,094 | |
| Debt + | 2 | 26 | 23 | 34 | 26 | 14 | 19 | 7 | 22 | 44 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 135 | 123 | 65 | 93 | 56 | 81 | 95 | 61 | 60 | 99 | |
| Others Liabilities ⓘ | 102 | 77 | 77 | 71 | 98 | 116 | 146 | 162 | 164 | 164 | |
| Total Liabilities ⓘ | 522 | 556 | 556 | 654 | 660 | 892 | 1,290 | 1,274 | 1,308 | 1,403 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 105 | 234 | 273 | 283 | 302 | 292 | 343 | 552 | 559 | 596 | |
| CWIP ⓘ | 16 | 28 | 12 | 6 | 26 | 28 | 14 | 23 | 17 | 61 | |
| Investments ⓘ | 69 | 16 | 57 | 0 | 41 | 0 | 0 | 0 | 29 | 15 | |
| Inventories | 104 | 124 | 72 | 118 | 89 | 70 | 88 | 109 | 108 | 196 | |
| Trade Receivables | 90 | 88 | 101 | 114 | 108 | 172 | 158 | 159 | 121 | 117 | |
| Cash Equivalents | 11 | 28 | 12 | 62 | 60 | 287 | 617 | 385 | 422 | 333 | |
| Others Assets ⓘ | 127 | 38 | 28 | 71 | 33 | 43 | 70 | 47 | 52 | 86 | |
| Total Assets ⓘ | 522 | 556 | 556 | 654 | 660 | 892 | 1,290 | 1,274 | 1,308 | 1,403 | |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -6 | 87 | 58 | 13 | 87 | 219 | 373 | 92 | 75 | -19 |
| Cash Flow From Investing Activity ⓘ + | -7 | -124 | -22 | -17 | -21 | -15 | -13 | -267 | -82 | -155 |
| Cash Flow From Financing Activity ⓘ + | -11 | 6 | -17 | -2 | -29 | -28 | -26 | -64 | -7 | -0 |
| Net Cash Flow ⓘ | -24 | -31 | 19 | -6 | 38 | 176 | 334 | -239 | -14 | -174 |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 16.98 | 12.91 | 16.04 | 18.09 | 9.97 | 34.66 | 44.56 | 4.88 | 1.82 | 2.72 |
| ROCE (%) | 25.12 | 19.82 | 23.61 | 25.64 | 12.15 | 45.38 | 59.64 | 7.54 | 4.02 | 4.72 |
| Asset Turnover Ratio | 1.26 | 1.3 | 1.41 | 1.37 | 1.25 | 1.33 | 1.54 | 0.93 | 0.81 | 0.67 |
| PAT to CFO Conversion(x) | -0.13 | 2.18 | 1 | 0.17 | 1.85 | 1.09 | 0.98 | 1.8 | 3.95 | -0.66 |
| Working Capital Days | ||||||||||
| Receivable Days | 50.20 | 46.50 | 43.90 | 47.30 | 49.40 | 49.40 | 35.80 | 48.60 | 49.10 | 47.90 |
| Inventory Days | 58.30 | 59.70 | 45.60 | 41.80 | 45.90 | 28.10 | 17.10 | 30.10 | 38 | 61.10 |
| Payable Days | 100.20 | 94 | 69.50 | 54.30 | 48.30 | 45.40 | 35.30 | 34 | 31 | 50.20 |
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Manali Petrochemicals Ltd FAQs
The current trading price of Manali Petrochemical on 18-Sep-2026 16:59 is ₹82.85.
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 17-Sep-2026 the market cap of Manali Petrochemical stood at ₹1,425 Cr
The latest P/E ratio of Manali Petrochemical as of 17-Sep-2026 is 16.33.
The latest P/B ratio of Manali Petrochemical as of 17-Sep-2026 is 1.38.
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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