Manali Petrochemicals Ltd

Manali Petrochem Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Manali Petrochemicals Ltd

₹ 62.8 1.73%
27 Nov - close price
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

Leadership[1]
Sole manufacturer of Propylene Glycol (PG) and Polyol in India.

Website BSE NSE
  • Market Cap ₹ 1,078 Cr.
  • Current Price ₹ 62.8
  • High / Low ₹ 105 / 55.9
  • Stock P/E
  • Book Value ₹ 55.2
  • Dividend Yield 1.19 %
  • ROCE 0.61 %
  • ROE -0.49 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.
  • Stock is trading at 1.14 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.58% over past five years.
  • Earnings include an other income of Rs.16.4 Cr.

* 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 Commodities BSE SmallCap BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
404 399 361 301 261 205 266 236 216 155 190 178 166
242 250 259 250 244 204 261 242 210 159 184 172 175
Operating Profit 161 150 102 51 17 1 5 -6 6 -4 7 6 -10
OPM % 40% 38% 28% 17% 7% 1% 2% -3% 3% -2% 3% 3% -6%
4 4 3 6 7 6 5 5 6 5 3 5 4
Interest 2 2 4 2 2 3 2 2 2 2 2 2 2
Depreciation 4 5 5 5 5 6 6 5 5 5 6 6 6
Profit before tax 160 147 96 50 17 -1 2 -8 5 -6 1 3 -14
Tax % 25% 26% 25% 25% 29% -147% 41% -22% 31% -25% 244% 32% -24%
120 109 72 37 12 1 1 -6 3 -4 -2 2 -11
EPS in Rs 6.95 6.34 4.18 2.16 0.68 0.04 0.08 -0.36 0.19 -0.25 -0.12 0.10 -0.62
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
515 554 733 579 583 645 702 677 922 1,444 1,029 798 689
478 508 663 511 521 552 610 613 632 921 959 795 690
Operating Profit 37 47 70 68 62 93 93 64 290 522 70 3 -1
OPM % 7% 8% 10% 12% 11% 14% 13% 9% 31% 36% 7% 0% -0%
7 6 7 9 11 2 22 1 -8 10 27 19 16
Interest 2 2 2 3 2 3 2 6 4 9 8 8 9
Depreciation 6 7 6 6 9 8 10 14 20 19 22 21 22
Profit before tax 35 45 70 69 62 84 103 45 257 505 67 -8 -16
Tax % 23% 35% 37% 30% 32% 35% 36% 14% 25% 25% 24% 22%
27 29 44 48 42 55 65 39 193 377 51 -9 -15
EPS in Rs 1.59 1.69 2.56 2.80 2.46 3.19 3.80 2.25 11.20 21.90 2.95 -0.54 -0.89
Dividend Payout % 31% 30% 20% 18% 20% 16% 20% 33% 13% 11% 25% -140%
Compounded Sales Growth
10 Years: 4%
5 Years: 3%
3 Years: -5%
TTM: -25%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -1217%
Stock Price CAGR
10 Years: 14%
5 Years: 30%
3 Years: -18%
1 Year: -4%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 15%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 86 86 86 86 86 86 86 86 86 86 86 86 86
Reserves 106 125 159 197 256 300 356 371 550 900 909 886 864
2 2 1 2 23 17 14 9 13 16 7 22 83
85 98 162 215 176 116 145 141 175 199 171 182 119
Total Liabilities 279 312 408 500 541 519 601 607 825 1,201 1,173 1,176 1,152
103 104 105 105 142 171 183 200 181 236 247 267 262
CWIP 4 3 6 16 28 12 6 26 28 14 23 17 29
Investments 6 19 82 74 126 167 110 151 110 110 399 427 405
166 187 215 305 244 168 301 229 504 842 504 465 457
Total Assets 279 312 408 500 541 519 601 607 825 1,201 1,173 1,176 1,152

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 45 78 -6 92 69 19 84 201 385 44 23
-4 -2 -6 -12 -137 -15 -17 -22 -16 -12 -312 -84
-13 -12 -14 -11 3 -19 -15 -26 -12 -27 -61 -5
Net Cash Flow -16 31 58 -29 -42 35 -14 36 172 346 -329 -67

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 28 35 40 57 43 43 43 42 59 34 38 33
Inventory Days 58 60 56 96 102 49 81 58 45 34 38 52
Days Payable 43 50 74 124 95 39 64 35 50 28 19 25
Cash Conversion Cycle 43 44 22 29 51 53 60 65 54 41 57 60
Working Capital Days 55 44 9 44 25 26 57 40 37 22 37 33
ROCE % 20% 23% 31% 28% 20% 23% 21% 13% 51% 63% 8% 1%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
44.86% 44.86% 44.86% 44.87% 44.87% 44.87% 44.87% 44.87% 44.87% 44.87% 44.87% 44.87%
2.68% 2.90% 3.05% 2.24% 1.95% 2.17% 1.96% 0.81% 0.86% 0.79% 1.32% 1.10%
0.05% 0.05% 0.05% 0.03% 0.03% 0.03% 0.03% 0.07% 0.02% 0.02% 0.07% 0.01%
52.40% 52.18% 52.03% 52.86% 53.16% 52.92% 53.15% 54.24% 54.26% 54.33% 53.74% 54.02%
No. of Shareholders 1,57,1891,69,5431,85,6651,98,2072,00,6312,00,7601,98,9771,96,6731,91,8751,88,5401,71,1751,62,753

* 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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Documents

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