Manali Petrochemicals LT
NSE: MANALIPETC · Petrochemicals · sector
₹72.95NSE close 2026-10-26
Key numbers
Market cap₹1,255 cr
Price₹72.95
52w high / low₹93 / ₹39
P/E7.0xSector median 12.9x
P/B1.0xSector median 1.0x
Book value₹74.5
Dividend yield0.69%Sector median 1.04%
ROE15.9%Sector median 7.2%
ROCE17.1%Sector median 8.6%
OPM19.8%Sector median 10.5%
Debt / equity0.05xSector median 0.25x
EV/EBITDA3.4xSector median 6.3x
Interest cover17.0x
Current ratio4.51x
Sales growth 3y-4.7%Sector median -2.2%
Profit growth 3y+36.9%Sector median +9.6%
PEG0.18x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 13 companies in Petrochemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹605 cr vs borrowings ₹58 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 17.0x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 28% of net profit in the last 12 months.
- Debtor days went from 43 (FY24) to 60 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹72.95 on 2026-10-26: -21.6% from the 52-week high, +86.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹87.15 · low ₹41.76
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 230 | 196 | 230 | 235 | 248 | 247 | 293 | 275 |
| EBITDA | 4 | 13 | 18 | 23 | 19 | 65 | 43 | 83 |
| OPM % | 1.7% | 6.5% | 7.7% | 9.7% | 7.8% | 26.2% | 14.8% | 30.1% |
| Other income | 6 | 4 | 8 | 8 | 13 | 20 | 7 | 14 |
| Net profit | 0 | 5 | 11 | 14 | 18 | 77 | 29 | 64 |
| EPS (₹) | 0.01 | 0.31 | 0.63 | 0.83 | 1.06 | 3.98 | 1.69 | 3.74 |
| Revenue YoY | +7.7% | +26.0% | +27.0% | +17.1% | ||||
| Profit YoY | +8,975.0% | +1,364.3% | +168.5% | +348.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,672 | 1,181 | 1,032 | 897 | 1,022 | 1,062 |
| EBITDA | 522 | 79 | 39 | 55 | 150 | 210 |
| Net profit | 381 | 51 | 19 | 29 | 130 | 189 |
| EPS (₹) | 22.16 | 2.95 | 1.12 | 1.70 | 7.56 | 10.47 |
| Revenue growth | -29.3% | -12.6% | -13.1% | +14.0% | +19.2% | |
| Profit growth | -86.7% | -62.1% | +52.6% | +343.4% | +516.3% | |
| Dividend / share (₹) | 1.50 | 2.50 | 0.75 | 0.75 | 0.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -4.7% | +0.1% | +19.2% |
| Net profit | +36.9% | -8.4% | +516.3% |
| EPS | +36.8% | -8.4% | – |
| Share price | – | +4.6% (2y) | +9.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,044 | 1,062 | 1,094 | 1,281 |
| Borrowings | – | 7 | 22 | 130 | 58 |
| Cash & equivalents | – | 385 | 448 | 333 | 605 |
| Total assets | – | 1,274 | 1,308 | 1,403 | 1,596 |
| Fixed assets | – | 270 | 228 | 228 | 364 |
| Capital work in progress | – | 23 | 17 | 61 | 39 |
| Investments | – | 0 | 4 | 15 | 6 |
| Receivables | – | 159 | 121 | 117 | 168 |
| Inventory | – | 109 | 108 | 196 | 154 |
| Payables | – | 65 | 60 | 99 | 113 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 373 | 92 | 63 | -19 | 116 |
| Cash from investing | -13 | -266 | -82 | -155 | 75 |
| Cash from financing | -26 | -64 | -7 | -0 | -9 |
| Capex | 27 | 45 | 26 | 101 | 69 |
| Free cash flow | 346 | 47 | 37 | -120 | 48 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 4.9% | 1.8% | 2.7% | 10.1% |
| ROCE % | – | 7.5% | 4.0% | 4.3% | 12.2% |
| Debtor days | – | 49 | 43 | 48 | 60 |
| Inventory days | – | 47 | 55 | 123 | 82 |
| Payable days | – | 28 | 31 | 62 | 60 |
| Cash conversion cycle (days) | – | 68 | 67 | 109 | 82 |
| Working capital days | – | 163 | 190 | 196 | 265 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 44.86% |
| FIIs | 0.66% |
| DIIs | 0.01% |
| of which Mutual funds | 0.01% |
| Public (non-institutions) | 54.46% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 44.86% | 44.86% | 44.86% | 44.86% | 44.86% | 44.86% | 44.86% | 44.86% |
| Promoter group | % |
|---|---|
| Sidd Life Sciences Private Limited | 38.28% |
| Tamilnadu Industrial Development Corporation Limited | 6.52% |
| Ranford Investments Ltd | 0.05% |
| Ashwin C Muthiah | 0.01% |
| Southern Petrochemical Industries Corporation Limited | 0.01% |
| Public holders above 1% | % |
|---|---|
| Investor Education and Protection Fund Authority | 5.05% |
| Mercantile Ventures Limited | 2.39% |
1,47,105 shareholders. Pledged: 0.00% of promoter shares.
Peers in Petrochemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SPLPETRO | ₹13,340 cr | 27.5x | 5.6x | 21.0% | 28.2% | 12.7% | +0.8% | 1.41% |
| SWANCORP | ₹7,168 cr | 35.5x | 0.9x | 3.0% | 4.0% | -5.6% | +44.9% | 0.04% |
| RAIN | ₹6,928 cr | 12.9x | 0.9x | 7.2% | 10.5% | 15.1% | – | – |
| BEPL | ₹2,660 cr | 12.0x | 2.3x | 20.2% | 26.5% | 18.2% | -2.2% | 3.74% |
| MANALIPETC | ₹1,255 cr | 7.0x | 1.0x | 15.9% | 17.1% | 19.8% | -4.7% | 0.69% |
| DCW | ₹1,178 cr | 16.5x | 1.1x | 6.8% | 8.6% | 9.2% | -6.6% | 0.51% |
| TNPETRO | ₹1,013 cr | 7.1x | 1.0x | 14.8% | 14.3% | 11.9% | -12.0% | 1.06% |
| PASUPTAC | ₹630 cr | 6.6x | 1.4x | 23.9% | 25.8% | 13.9% | +6.8% | – |
| AGARIND | ₹471 cr | 11.5x | 0.7x | 6.2% | 7.5% | 7.4% | -6.4% | 1.04% |
| INDIANACRY | ₹68 cr | 3.2x | – | – | -2.0% | 0.0% | -27.0% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-21 | Dividend | Dividend - Re 0.50 Per Share |
| 2025-09-08 | Dividend | Dividend - Re 0.50 Per Share |
| 2024-09-10 | Dividend | Annual General Meeting/Dividend - Rs 0.75 Per Share |
| 2023-09-15 | Dividend | Annual General Meeting/Dividend - Re 0.75 Per Share |
| 2022-09-15 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2021-09-02 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2020-09-03 | Dividend | Annual General Meeting/Dividend - Rs 0.75 Per Share |
| 2019-07-30 | Dividend | Annual General Meeting/Dividend Rs 0.75 Per Share |
| 2018-07-27 | Dividend | Annual General Meeting / Dividend- Re 0.50 Per Share |
| 2017-07-06 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2016-09-08 | Dividend | Annual General Meeting/ Dividend - Re 0.50 Per Share |
| 2015-09-10 | Dividend | Annual General Meeting/ Dividend - Re 0.50/- Per Share |
| 2014-07-31 | Dividend | Annual General Meeting / Dividend - Re 0.50/- Per Share |
| 2013-07-18 | Dividend | Annual General Meeting And Dividend Re.0.50 Per Equity Share |
| 2012-07-19 | Dividend | Annual General Meeting And Dividend Re.0.60 Per Share |
| 2011-07-15 | Dividend | Annual General Meeting And Dividend Re.0.50 Per Share |
| 2010-09-13 | Dividend | Annual General Meeting And Dividend Re.0.375 Per Share |
| 2009-09-08 | Other | Agm/Div-Re.0.25 Per Share |
| 2008-09-08 | Dividend | Agm/Dividend - 10% |
| 2007-08-14 | Dividend | Agm/Dividend-10% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY21
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing of Chemicals: Manufacturing & Supply of Propylene Oxide, Propylene glycols, polyols and Propylene Glycol Mono Methyl Ether, etc.
| Sector | Commodities |
| Industry | Petrochemicals |
| Sub-industry | Petrochemicals |
| Symbol | MANALIPETC |
| BSE code | 500268 |
| ISIN | INE201A01024 |
| Face value | ₹5.0 |
| Incorporated | 1986-06-11 |
| Website | www.manalipetro.com |
| Plants (India / abroad) | 2 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.