Manali Petrochemicals Ltd.

•

manalipetro.comBSE: 500268NSE: MANALIPETC

Market Cap₹ 1,549 Cr.

Current Price

High / Low₹ 93 / 39

Stock P/E17.7

Book Value₹ 60

Price to Book1.02

Dividend Yield0.56 %

ROCE-0.0 %

ROE-0.9 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2017 • Manufacturing: 92.6% • Trading: 7.4%

AI Sector View

AI GENERATED

Chemicals

Hold

The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.

Confidence

55%

View full sector analysis →

PROS

Company is almost debt free
Latest quarter profit grew 1738.4% YoY, showing strong momentum
Company has a consistent dividend-paying track record

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
Company has a low return on capital employed of 2.5%
Company has a low return on equity of 1.1% over last 3 years
Interest coverage is weak at -0.0x - earnings barely cover interest
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.38x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsChemicals

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	SOLARINDS	22470.95	102.11	203339.75	0.05	666.37	88.98	3668.20	70.26	38.16	27.91
2.	PIDILITIND	1589.00	61.06	161741.08	1.35	8835.10	1202.86	45515.50	1112.74	32.38	26.28
3.	SRF	2527.85	34.66	74931.75	0.36	758.87	75.53	5033.26	34.63	14.21	24.57
4.	FLUOROCHEM	4678.50	83.57	51393.32	0.06	219.00	19.02	1588.00	23.97	9.58	26.83
5.	NAVINFLUOR	8728.90	56.71	44786.34	0.17	243.31	107.67	1045.08	44.07	21.39	34.17
6.	GODREJIND	1144.10	32.78	38539.13	0.00	523.36	-27.85	5448.09	22.16	10.64	12.82
7.	DEEPAKNTR	1649.05	28.72	22491.89	0.45	345.01	207.36	2577.60	36.39	11.58	20.96
8.	AETHER	1643.35	92.74	21811.83	0.00	62.75	33.45	326.56	27.49	11.65	31.47
9.	ATUL	6312.05	23.36	18583.78	0.48	253.93	91.85	1847.95	25.03	15.05	21.41
10.	AARTIIND	503.75	34.41	18272.36	0.20	155.00	260.47	2387.00	42.42	6.95	16.00
11.	DEEPAKFERT	1345.50	17.32	17042.49	0.74	490.04	100.95	3256.26	22.47	12.12	25.96
12.	MANALIPETC	90.03	8.60	1548.51	0.56	64.36	348.81	274.72	17.07	4.72	30.14

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	236	216	155	190	178	166	141	163	163	180	195	248	229
	242	210	159	184	172	175	140	156	157	178	189	231	166
Operating Profit	-6	6	-4	7	6	-10	1	7	6	2	6	16	63
OPM %	-2.58%	2.69%	-2.25%	3.48%	3.31%	-5.93%	0.94%	4.43%	3.83%	0.92%	2.93%	6.60%	27.51%
	5	6	5	3	5	4	3	7	7	8	10	27	10
Interest	2	2	2	2	2	2	2	2	3	3	3	3	3
Depreciation	5	5	5	6	6	6	6	6	6	6	7	8	7
Profit before Tax	-8	5	-6	1	3	-14	-4	5	4	0	5	33	73
Tax %	22.32%	30.87%	25.09%	243.97%	31.91%	23.86%	21.39%	42.43%	26.70%	5.26%	10.61%	17.50%	23.80%
Net Profit	-6	3	-4	-2	2	-11	-3	3	3	0	5	27	56
	-0.36	0.19	-0.25	-0.12	0.10	-0.62	-0.16	0.18	0.18	0.01	0.26	1.57	3.23

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	579	583	645	702	677	922	1,444	1,029	798	648	852
	515	522	552	611	613	632	921	959	795	643	765
Operating Profit	64	61	93	91	64	290	522	70	3	5	87
OPM %	11.07%	10.50%	14.45%	12.99%	9.41%	31.47%	36.18%	6.83%	0.35%	0.71%	10.18%
	14	12	2	24	1	-8	10	27	19	19	55
Interest	3	2	3	2	6	4	9	8	8	9	12
Depreciation	6	9	8	10	14	20	19	22	21	24	29
Profit before Tax	69	62	84	103	45	257	505	67	-8	-10	111
Tax %	30.39%	32.33%	34.56%	36.30%	14.08%	25.08%	25.35%	24.39%	-22.03%	10.54%	21.30%
Net Profit	48	42	55	65	39	193	377	51	-9	-9	87
EPS	2.80	2.46	3.17	3.80	2.25	11.20	21.90	2.95	-0.54	-0.51	—
Dividend Payout %	17.84%	20.34%	15.67%	19.72%	33.38%	13.40%	11.42%	25.39%	-139.46%	-98.41%	—

COMPOUNDED SALES GROWTH

10 Years:: -1%
5 Years:: -1%
3 Years:: -23%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 11%
5 Years:: -1%
3 Years:: 7%
1 Year:: 22%

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 17%
3 Years:: 1%
Last Year:: -1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	86	86	86	86	86	86	86	86	86	86
	197	256	300	356	371	550	900	909	886	865
	4	25	22	19	48	49	85	75	95	117
Trade Payables	135	108	45	79	45	67	56	40	40	77
	101	66	66	62	56	72	76	63	69	73
Total Liabilities	522	541	519	601	607	825	1,201	1,173	1,176	1,217
	105	142	171	183	200	181	236	247	267	284
Capital Work in Progress	16	28	12	6	26	28	14	23	17	61
	74	126	167	110	151	110	110	399	427	414
	104	116	57	100	75	60	69	78	84	161
	0	0	0	0	0	0	0	0	72	69
Cash & Bank	6	22	7	52	46	258	604	276	262	149
	217	106	104	149	109	186	169	150	47	80
Total Assets	522	541	519	601	607	825	1,201	1,173	1,176	1,217

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	25	103	95	49	96	268	513	66	23	-55
Cash from Investing	-12	-137	-15	-17	-22	-16	-12	-312	-84	-39
Cash from Financing	-11	3	-19	-15	-25	-12	-27	-61	-5	1
	-29	-42	35	-14	36	172	346	-329	-67	-93

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	44.86	44.86	44.86	44.86	44.86	44.86	44.86	44.86	44.86
	1.32	1.10	1.06	0.66	0.45	0.44	0.29	0.37	0.38
	0.07	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	53.75	54.01	54.07	54.47	54.67	54.69	54.83	54.76	54.74

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-09-09 - Manali Petrochemicals Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-09-09

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-09-09 - Manali Petrochemicals Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-09-04

Price movement

2026-09-04 - Significant movement in price has been observed in Manali Petrochemicals Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Manali Petrochemicals Limited has submitted their response.

2026-09-04

Price movement

2026-09-04 - Significant movement in price has been observed in Manali Petrochemicals Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-09-04

General Updates

2026-09-04 - Manali Petrochemicals Limited has informed the Exchange about General Updates - Letter to Shareholders - Weblink for Annual Report FY 2025-26.

2026-09-04

Shareholders meeting

2026-09-04 - Manali Petrochemicals Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026

2026-08-14

Updates

2026-08-14 - Manali Petrochemicals Limited has informed the Exchange regarding 'Intimation of Record Date for payment of Dividend pursuant to Regulation 42(3) of the SEBI Listing Regulations, 2015'.

2026-08-13

Press Release

2026-08-13 - Manali Petrochemicals Limited has informed the Exchange regarding a press release dated August 13, 2026, titled "Press Release dt. 13.08.2026".

2026-08-13

General Updates

2026-08-13 - Announcement Under Regulation 30 of SEBI LODR - Appointment Of Cost Auditor

News

Recent coverage and analyst commentary for MANALIPETC

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Manali Petrochemicals Ltd.

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Name

SOLARINDS

22470.95

102.11

203339.75

0.05

666.37

88.98

3668.20

70.26

38.16

27.91

PIDILITIND

1589.00

61.06

161741.08

1.35

8835.10

1202.86

45515.50

1112.74

32.38

26.28

SRF

2527.85

34.66

74931.75

0.36

758.87

75.53

5033.26

34.63

14.21

24.57

FLUOROCHEM

4678.50

83.57

51393.32

0.06

219.00

19.02

1588.00

23.97

9.58

26.83

NAVINFLUOR

8728.90

56.71

44786.34

0.17

243.31

107.67

1045.08

44.07

21.39

34.17

GODREJIND

1144.10

32.78

38539.13

0.00

523.36

-27.85

5448.09

22.16

10.64

12.82

DEEPAKNTR

1649.05

28.72

22491.89

0.45

345.01

207.36

2577.60

36.39

11.58

20.96

AETHER

1643.35

92.74

21811.83

0.00

62.75

33.45

326.56

27.49

11.65

31.47

ATUL

6312.05

23.36

18583.78

0.48

253.93

91.85

1847.95

25.03

15.05

21.41

AARTIIND

503.75

34.41

18272.36

0.20

155.00

260.47

2387.00

42.42

6.95

16.00

DEEPAKFERT

1345.50

17.32

17042.49

0.74

490.04

100.95

3256.26

22.47

12.12

25.96

MANALIPETC

90.03

8.60

1548.51

0.56

64.36

348.81

274.72

17.07

4.72

30.14

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

236

216

155

190

178

166

141

163

180

195

248

229

242

210

159

184

172

175

140

156

157

178

189

231

166

Operating Profit

-6

-4

-10

OPM %

-2.58%

2.69%

-2.25%

3.48%

3.31%

-5.93%

0.94%

4.43%

3.83%

0.92%

2.93%

6.60%

27.51%

Interest

Depreciation

Profit before Tax

-8

-6

-14

-4

Tax %

22.32%

30.87%

25.09%

243.97%

31.91%

23.86%

21.39%

42.43%

26.70%

5.26%

10.61%

17.50%

23.80%

Net Profit

-6

-4

-2

-11

-3

-0.36

0.19

-0.25

-0.12

0.10

-0.62

-0.16

0.18

0.01

0.26

1.57

3.23

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

579

583

645

702

677

922

1,444

1,029

798

648

852

515

522

552

611

613

632

921

959

795

643

765

Operating Profit

290

522

OPM %

11.07%

10.50%

14.45%

12.99%

9.41%

31.47%

36.18%

6.83%

0.35%

0.71%

10.18%

-8

Interest

Depreciation

Profit before Tax

103

257

505

-8

-10

111

Tax %

30.39%

32.33%

34.56%

36.30%

14.08%

25.08%

25.35%

24.39%

-22.03%

10.54%

21.30%

Net Profit

193

377

-9

EPS

2.80

2.46

3.17

3.80

2.25

11.20

21.90

2.95

-0.54

-0.51

—

Dividend Payout %

17.84%

20.34%

15.67%

19.72%

33.38%

13.40%

11.42%

25.39%

-139.46%

-98.41%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

197

256

300

356

371

550

900

909

886

865

117

Trade Payables

135

108

101

Total Liabilities

522

541

519

601

607

825

1,201

1,173

1,176

1,217

105

142

171

183

200

181

236

247

267

284

Capital Work in Progress

126

167

110

151

110

399

427

414

104

116

100

161

Cash & Bank

258

604

276

262

149

217

106

104

149

109

186

169

150

Total Assets

522

541

519

601

607

825

1,201

1,173

1,176

1,217

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

103

268

513

-55

Cash from Investing

-12

-137

-15

-17

-22

-16

-12

-312

-84

-39

Cash from Financing

-11

-19

-15

-25

-12

-27

-61

-5

-29

-42

-14

172

346

-329

-67

-93

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

44.86

1.32

1.10

1.06

0.66

0.45

0.44

0.29

0.37

0.38

0.07

0.01

Government

0.00

53.75

54.01

54.07

54.47

54.67

54.69

54.83

54.76

54.74

Manali Petrochemicals Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Manali Petrochemicals Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI