MANALIPETC
Manali Petrochemicals Limited
Petrochemical products manufacturer and trader
Commodities›Chemicals›Chemicals & Petrochemicals›Petrochemicals
manalipetro.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹84.42
Market cap
1,453 Cr
Stock P/E
8.1
P/B
1.13
Dividend yield
0.6%
ROE (FY26)
10.1%
ROCE (FY26)
12.2%
Operating margin (FY26)
4.7%
Debt / equity (FY26)
0.05
OCF / EBITDA (FY26)
141.8%
OCF / EBITDA (3Y)
86.7%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Manali Petrochemicals makes propylene glycol and polyols, chemicals used in polyurethane products for automotive, cold chain, construction and footwear customers.
Company snapshot
5thBy market cap
Ranked among 10 companies in Petrochemicals.
What we see
Positives
- ✓87% of operating profit came in as cash over the last three years — profits are backed by real cash.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 270 Cr | 205 Cr | 256 Cr | 240 Cr | 230 Cr | 196 Cr | 230 Cr | 235 Cr | 248 Cr | 247 Cr | 293 Cr | 275 Cr |
| Operating expenses (approx.) | 255 Cr | 200 Cr | 239 Cr | 220 Cr | 226 Cr | 183 Cr | 209 Cr | 212 Cr | 228 Cr | 233 Cr | 268 Cr | 192 Cr |
| EBITDA | 15 Cr | 5 Cr | 17 Cr | 21 Cr | 4 Cr | 13 Cr | 21 Cr | 23 Cr | 20 Cr | 14 Cr | 25 Cr | 83 Cr |
| OPM % | 5.4% | 2.5% | 6.8% | 8.6% | 1.7% | 6.5% | 9.1% | 9.7% | 8.2% | 5.7% | 8.5% | 30.1% |
| Other income | 9 Cr | 8 Cr | 6 Cr | 6 Cr | 6 Cr | 4 Cr | 8 Cr | 8 Cr | 13 Cr | 20 Cr | 7 Cr | 14 Cr |
| Interest | 2 Cr | 2 Cr | 3 Cr | 3 Cr | 2 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 4 Cr | 3 Cr |
| Depreciation | 6 Cr | 6 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 8 Cr | 8 Cr | 9 Cr | 9 Cr | 9 Cr |
| Profit before tax | 15 Cr | 5 Cr | 8 Cr | 18 Cr | 0.55 Cr | 8 Cr | 16 Cr | 20 Cr | 21 Cr | 72 Cr | 37 Cr | 85 Cr |
| Tax % | 27.2% | 35.1% | 83.8% | 27.1% | 63.6% | 31.4% | 32.2% | 28.2% | 13.5% | 5.5% | 21.7% | 23.9% |
| Net profit | 11 Cr | 3 Cr | 1 Cr | 13 Cr | 0.20 Cr | 5 Cr | 11 Cr | 14 Cr | 18 Cr | 68 Cr | 29 Cr | 64 Cr |
| EPS (₹) | ₹0.63 | ₹0.17 | ₹0.08 | ₹0.76 | ₹0.01 | ₹0.31 | ₹0.63 | ₹0.83 | ₹1.06 | ₹3.98 | ₹1.69 | ₹3.74 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 699 Cr | 765 Cr | 810 Cr | 803 Cr | 1,020 Cr | 1,672 Cr | 1,181 Cr | 1,032 Cr | 897 Cr | 1,022 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 639 Cr | 668 Cr | 712 Cr | 734 Cr | 724 Cr | 1,143 Cr | 1,103 Cr | 988 Cr | 839 Cr | 940 Cr | Sign in free for the trailing twelve months |
| EBITDA | 60 Cr | 97 Cr | 99 Cr | 69 Cr | 296 Cr | 529 Cr | 79 Cr | 45 Cr | 58 Cr | 82 Cr | Sign in free for the trailing twelve months |
| OPM % | 8.6% | 12.7% | 12.2% | 8.6% | 29.0% | 31.6% | 6.6% | 4.3% | 6.5% | 8.0% | Sign in free for the trailing twelve months |
| Other income | 13 Cr | 3 Cr | 12 Cr | 13 Cr | 18 Cr | 18 Cr | 24 Cr | 29 Cr | 25 Cr | 47 Cr | Sign in free for the trailing twelve months |
| Interest | 2 Cr | 3 Cr | 2 Cr | 6 Cr | 5 Cr | 9 Cr | 9 Cr | 10 Cr | 10 Cr | 14 Cr | Sign in free for the trailing twelve months |
| Depreciation | 10 Cr | 9 Cr | 11 Cr | 14 Cr | 21 Cr | 20 Cr | 23 Cr | 25 Cr | 27 Cr | 34 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 61 Cr | 88 Cr | 114 Cr | 54 Cr | 268 Cr | 511 Cr | 70 Cr | 33 Cr | 42 Cr | 150 Cr | Sign in free for the trailing twelve months |
| Tax % | 35.4% | 34.1% | 32.5% | 13.9% | 24.9% | 25.4% | 27.6% | 42.4% | 30.3% | 13.6% | Sign in free for the trailing twelve months |
| Net profit | 40 Cr | 58 Cr | 77 Cr | 47 Cr | 201 Cr | 381 Cr | 51 Cr | 19 Cr | 29 Cr | 130 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹2.30 | ₹3.35 | ₹4.28 | ₹2.71 | ₹11.70 | ₹22.16 | ₹2.95 | ₹1.12 | ₹1.70 | ₹7.56 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 6.4% | 6.8% | 84.9% | 67.2% | 44.0% | 6.6% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 86 Cr | 86 Cr | 86 Cr | 86 Cr | 86 Cr | 86 Cr | 86 Cr | 86 Cr | 86 Cr | 86 Cr |
| Reserves | 244 Cr | 306 Cr | 369 Cr | 395 Cr | 594 Cr | 944 Cr | 958 Cr | 976 Cr | 1,008 Cr | 1,195 Cr |
| Borrowings | 26 Cr | 23 Cr | 34 Cr | 26 Cr | 14 Cr | 19 Cr | 7 Cr | 22 Cr | 130 Cr | 58 Cr |
| Other liabilities | 200 Cr | 141 Cr | 165 Cr | 153 Cr | 192 Cr | 241 Cr | 223 Cr | 224 Cr | 178 Cr | 256 Cr |
| Total liabilities | 556 Cr | 556 Cr | 654 Cr | 660 Cr | 887 Cr | 1,290 Cr | 1,274 Cr | 1,308 Cr | 1,403 Cr | 1,596 Cr |
| Fixed assets (net) | 155 Cr | 186 Cr | 197 Cr | 189 Cr | 196 Cr | 249 Cr | 270 Cr | 228 Cr | 228 Cr | 364 Cr |
| CWIP | 28 Cr | 12 Cr | 6 Cr | 26 Cr | 28 Cr | 14 Cr | 23 Cr | 17 Cr | 61 Cr | 39 Cr |
| Investments | 16 Cr | 57 Cr | 0.11 Cr | 41 Cr | 0.22 Cr | 0.17 Cr | 0.65 Cr | 29 Cr | 98 Cr | 6 Cr |
| Loans & advances | — | — | 35 Cr | 0.38 Cr | 0.41 Cr | 0.41 Cr | 0.39 Cr | 0.31 Cr | 0.34 Cr | 0.36 Cr |
| Inventories | 124 Cr | 72 Cr | 118 Cr | 89 Cr | 70 Cr | 88 Cr | 109 Cr | 108 Cr | 196 Cr | 154 Cr |
| Trade receivables | 88 Cr | 101 Cr | 114 Cr | 108 Cr | 172 Cr | 158 Cr | 159 Cr | 121 Cr | 117 Cr | 168 Cr |
| Cash & bank | 19 Cr | 6 Cr | 54 Cr | 55 Cr | 282 Cr | 612 Cr | 379 Cr | 364 Cr | 190 Cr | 372 Cr |
| Other assets | 126 Cr | 121 Cr | 128 Cr | 152 Cr | 137 Cr | 168 Cr | 333 Cr | 441 Cr | 513 Cr | 492 Cr |
| Total assets | 556 Cr | 556 Cr | 654 Cr | 660 Cr | 887 Cr | 1,290 Cr | 1,274 Cr | 1,308 Cr | 1,403 Cr | 1,596 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 87 Cr | 58 Cr | 14 Cr | 87 Cr | 286 Cr | 373 Cr | 92 Cr | 63 Cr | -19 Cr | 116 Cr |
| Cash from investing | -124 Cr | -22 Cr | -17 Cr | -21 Cr | -82 Cr | -13 Cr | -266 Cr | -82 Cr | -155 Cr | 75 Cr |
| Cash from financing | 6 Cr | -17 Cr | -2 Cr | -29 Cr | -28 Cr | -26 Cr | -64 Cr | -7 Cr | -0.23 Cr | -9 Cr |
| Net cash flow | -31 Cr | 19 Cr | -6 Cr | 38 Cr | 186 Cr | 331 Cr | -233 Cr | -14 Cr | -174 Cr | 182 Cr |
| Free cash flow (OCF − Capex) | -36 Cr | 26 Cr | -6 Cr | 58 Cr | 262 Cr | 346 Cr | 47 Cr | 37 Cr | -120 Cr | 48 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 17.8% | 22.0% | 23.8% | 11.9% | 39.3% | 49.6% | 7.5% | 4.0% | 4.3% | 12.2% |
| ROE % | 12.0% | 14.8% | 16.9% | 9.7% | 29.6% | 37.0% | 4.9% | 1.8% | 2.7% | 10.1% |
| Debtor days | 46 | 48 | 51 | 49 | 61 | 34 | 49 | 43 | 47 | 60 |
| Inventory days | 110 | 55 | 78 | 59 | 47 | 35 | 45 | 55 | 109 | 103 |
| Days payable | 109 | 49 | 62 | 37 | 60 | 38 | 27 | 30 | 55 | 76 |
| Cash conversion cycle | 47 | 54 | 68 | 71 | 48 | 32 | 67 | 67 | 101 | 87 |
| OCF / EBITDA % | 145.6% | 59.9% | 14.1% | 126.3% | 96.7% | 70.6% | 117.0% | 141.1% | -32.6% | 141.8% |
| OCF / EBITDA % (3 years) | — | — | 62.4% | 60.2% | 83.6% | 83.5% | 83.2% | 81.0% | 74.9% | 86.7% |
| Debt / equity | 0.08 | 0.06 | 0.07 | 0.05 | 0.02 | 0.02 | 0.0063 | 0.02 | 0.12 | 0.05 |
| Current ratio | 1.30 | 1.80 | 2.03 | 2.46 | 3.36 | 4.92 | 4.58 | 4.31 | 3.31 | 4.51 |
| Net debt / EBITDA | 0.13 | — | -0.21 | -0.42 | -0.90 | -1.12 | -4.74 | -7.65 | -1.03 | -3.82 |