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Manali Petrochemicals Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹21.14Overvalued by 60.11%vs CMP ₹53.00

P/E (13.5) × ROE (2.9%) × BV (₹66.40) × DY (0.94%)

₹65.27Undervalued by 23.15%vs CMP ₹53.00
MoS: +18.8% (Adequate)Confidence: 43/100 (Low)Models: 4 Under, 2 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹16.5422%Over (-68.8%)
Graham NumberEarnings₹98.5416%Under (+85.9%)
Earnings PowerEarnings₹6.0111%Over (-88.7%)
DCFCash Flow₹55.2413%Fair (+4.2%)
Net Asset ValueAssets₹66.447%Under (+25.4%)
EV/EBITDAEnterprise₹30.549%Over (-42.4%)
Earnings YieldEarnings₹65.007%Under (+22.6%)
ROCE CapitalReturns₹255.179%Under (+381.5%)
Revenue MultipleRevenue₹52.195%Fair (-1.5%)
Consensus (9 models)₹65.27100%Undervalued
Key Drivers: EPS CAGR -21.8% drags value — could be higher if earnings stabilize. | ROE 2.9% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -21.8%

*Investments are subject to market risks

Analyst Summary

Manali Petrochemicals Ltd operates in the Petrochemicals - Polymers segment, NSE: MANALIPETC | BSE: 500268, current market price is ₹53.00, market cap is 911 Cr.. At a glance, stock P/E is 13.5, ROE is 2.92 %, ROCE is 4.66 %, book value is 66.4, dividend yield is 0.94 %. The latest intrinsic value estimate is ₹65.27, which is about 23.2% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹897 Cr versus the prior period change of -13.1%, while latest net profit is about ₹29 Cr with a prior-period change of 52.6%. The 52-week range shown on this page is 81.1/39.1, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisManali Petrochemicals Ltd. is a Public Limited Listed company incorporated on 11/06/1986 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN)…

This summary is generated from the stock page data available for Manali Petrochemicals Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

52
Manali Petrochemicals Ltd scores 52/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 4.7% WeakROE 2.9% WeakD/E 0.02 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 44.9% Stable
Earnings Quality40/100 · Moderate
OPM contracting (19% → 6%) Declining
Quarterly Momentum70/100 · Strong
Revenue (4Q): 4% YoY FlatProfit (4Q): +484% YoY Strong
Industry Rank35/100 · Weak
P/E 13.5 vs industry 51.4 Cheaper than peersROCE 4.7% vs industry 14.1% Below peersROE 2.9% vs industry 12.7% Below peers3Y sales CAGR: -19% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 11:25 pm

Market Cap 911 Cr.
Current Price 53.0
Intrinsic Value₹65.27
High / Low 81.1/39.1
Stock P/E13.5
Book Value 66.4
Dividend Yield0.94 %
ROCE4.66 %
ROE2.92 %
Face Value 5.00
PEG Ratio-0.62

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Manali Petrochemicals Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Manali Petrochemicals Ltd 911 Cr. 53.0 81.1/39.113.5 66.40.94 %4.66 %2.92 % 5.00
Kothari Petrochemicals Ltd 793 Cr. 135 192/94.811.0 57.10.74 %30.0 %23.8 % 10.0
AVI Polymers Ltd 155 Cr. 16.4 29.4/5.4315.4 0.850.00 %19.4 %15.6 % 10.0
Signet Industries Ltd 146 Cr. 49.5 81.8/40.06.94 80.31.01 %13.7 %6.88 % 10.0
Bhansali Engineering Polymers Ltd 2,478 Cr. 99.6 124/74.213.7 43.54.02 %23.8 %17.3 % 1.00
Industry Average3,570.25 Cr179.6951.3882.310.82%14.10%12.68%7.55

All Competitor Stocks of Manali Petrochemicals Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 238334301270205256240230196230235248247
Expenses 234327294255200239220226183209212228233
Operating Profit 468155172141321232014
OPM % 2%2%3%5%3%7%9%2%6%9%10%8%6%
Other Income 657981664581271
Interest 3222233233333
Depreciation 6766677777889
Profit before tax 2261558181816202172
Tax % -89%119%30%27%35%84%27%64%31%32%28%14%6%
Net Profit 3-041131130511141868
EPS in Rs 0.18-0.030.240.630.170.080.760.010.310.630.831.063.98

Last Updated: February 5, 2026, 2:32 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 11:46 pm

MetricMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5796267488108031,0241,6721,1771,032897960
Expenses 5115746517107337231,1431,103985839882
Operating Profit 6852971007030252974475878
OPM % 12%8%13%12%9%29%32%6%5%7%8%
Other Income 9183275-81128212195
Interest 32326599101013
Depreciation 6891114212023252731
Profit before tax 69608811354268511703342129
Tax % 31%37%34%33%14%25%25%28%42%30%
Net Profit 4838587747201381511929112
EPS in Rs 2.792.203.374.452.7111.7022.162.951.121.706.50
Dividend Payout % 18%23%15%17%28%13%11%25%67%29%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-20.83%52.63%32.76%-38.96%327.66%89.55%-86.61%-62.75%52.63%
Change in YoY Net Profit Growth (%)0.00%73.46%-19.87%-71.72%366.62%-238.11%-176.17%23.87%115.38%

Manali Petrochemicals Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2016-2017 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: December 4, 2025, 1:37 am

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 8686868686868686868686
Reserves 1962253063693955949449589761,0081,056
Borrowings 22623342614197103129155
Other Liabilities 215195141165153198241223144179175
Total Liabilities 4995325566546608921,2901,2741,3081,4031,472
Fixed Assets 105206273283302292343552559596600
CWIP 162812626281423176198
Investments 69165704100029156
Other Assets 310282214364291572933700704731767
Total Assets 4995325566546608921,2901,2741,3081,4031,472

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -6875813872193739275-19
Cash from Investing Activity + -7-133-8-20-18-4-16-262-82-155
Cash from Financing Activity + -116-17-2-29-28-26-64-7-0
Net Cash Flow -24-3933-941186331-234-14-174
Free Cash Flow -22-3626-6581943464750-120
CFO/OP 36%194%86%44%144%95%95%158%170%6%

Free Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow66.0026.0074.0066.0044.00288.00510.0067.00-56.00-71.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 57484951496135494348
Inventory Days 9610153815847354755123
Days Payable 1241094764365438273162
Cash Conversion Cycle 293955687154327067108
Working Capital Days 43162150383323443261
ROCE %20%24%22%14%49%60%8%5%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 44.87%44.87%44.87%44.87%44.87%44.87%44.87%44.87%44.87%44.87%44.87%44.87%
FIIs 2.17%1.96%0.81%0.86%0.79%1.32%1.10%1.06%0.66%0.45%0.44%0.29%
DIIs 0.03%0.03%0.07%0.02%0.02%0.07%0.01%0.01%0.01%0.01%0.01%0.01%
Public 52.92%53.15%54.24%54.26%54.33%53.74%54.02%54.07%54.47%54.67%54.69%54.83%
No. of Shareholders 2,00,7601,98,9771,96,6731,91,8751,88,5401,71,1751,62,7531,62,5341,59,8811,59,9261,57,0791,51,392

Shareholding Pattern Chart

No. of Shareholders

Manali Petrochemicals Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 1.701.122.9522.1611.70
Diluted EPS (Rs.) 1.701.122.9522.1611.70
Cash EPS (Rs.) 3.282.594.2923.3112.92
Book Value[Excl.RevalReserv]/Share (Rs.) 63.6161.7360.7059.8839.52
Book Value[Incl.RevalReserv]/Share (Rs.) 63.6161.7360.7059.8839.52
Revenue From Operations / Share (Rs.) 52.1460.0268.6697.1759.25
PBDIT / Share (Rs.) 4.814.295.9531.7718.27
PBIT / Share (Rs.) 3.242.824.6030.6017.05
PBT / Share (Rs.) 2.441.944.0729.6715.57
Net Profit / Share (Rs.) 1.701.122.9422.1511.69
NP After MI And SOA / Share (Rs.) 1.701.122.9422.1511.69
PBDIT Margin (%) 9.227.148.6632.6930.82
PBIT Margin (%) 6.204.696.7031.4928.76
PBT Margin (%) 4.683.235.9230.5326.27
Net Profit Margin (%) 3.261.864.2822.7919.73
NP After MI And SOA Margin (%) 3.261.864.2822.7919.73
Return on Networth / Equity (%) 2.671.804.8536.9829.59
Return on Capital Employeed (%) 4.664.237.0247.6240.58
Return On Assets (%) 2.081.463.9729.5322.69
Long Term Debt / Equity (X) 0.010.000.000.000.00
Total Debt / Equity (X) 0.040.020.010.010.02
Asset Turnover Ratio (%) 0.660.790.921.381.24
Current Ratio (X) 3.314.314.584.923.36
Quick Ratio (X) 2.383.643.844.442.93
Inventory Turnover Ratio (X) 5.906.658.8610.516.51
Dividend Payout Ratio (NP) (%) 44.0467.2084.886.776.41
Dividend Payout Ratio (CP) (%) 22.8928.9958.246.435.80
Earning Retention Ratio (%) 55.9632.8015.1293.2393.59
Cash Earning Retention Ratio (%) 77.1171.0141.7693.5794.20
Interest Coverage Ratio (X) 7.927.6911.1058.6966.80
Interest Coverage Ratio (Post Tax) (X) 4.113.586.5042.6348.18
Enterprise Value (Cr.) 679.26566.51656.341266.42747.69
EV / Net Operating Revenue (X) 0.750.540.550.750.73
EV / EBITDA (X) 8.207.686.412.322.38
MarketCap / Net Operating Revenue (X) 1.080.930.871.121.00
Retention Ratios (%) 55.9532.7915.1193.2293.58
Price / BV (X) 0.880.910.991.811.50
Price / Net Operating Revenue (X) 1.080.930.871.121.00
EarningsYield 0.030.010.040.200.19

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Manali Petrochemicals Ltd. is a Public Limited Listed company incorporated on 11/06/1986 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L24294TN1986PLC013087 and registration number is 013087. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company's Total Operating Revenue is Rs. 647.51 Cr. and Equity Capital is Rs. 86.03 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Petrochemicals - PolymersSPIC HOUSE, Chennai (Madras) Tamil Nadu 600032Contact not found
Management
NamePosition Held
Mr. Ashwin C MuthiahChairman
Mr. R ChandrasekarManaging Director & CEO
Mr. G R SridharWhole Time Director
Lt. Col. (Retd). Chatapuram Swaminathan ShankarDirector
Ms. R BhuvaneswariDirector
Mr. Thanjavur Kanakaraj ArunDirector
Dr. N SundaradevanDirector
Mr. Govindarajan Dattatreyan SharmaDirector
Ms. Devaki Ashwin MuthiahDirector
Ms. Latha RamanathanDirector
Mr. Hugo ChardonDirector

FAQ

What is the intrinsic value of Manali Petrochemicals Ltd and is it undervalued?

As of 01 May 2026, Manali Petrochemicals Ltd's intrinsic value is ₹65.27, which is 23.15% higher than the current market price of ₹53.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (2.92 %), book value (₹66.4), dividend yield (0.94 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Manali Petrochemicals Ltd?

Manali Petrochemicals Ltd is trading at ₹53.00 as of 01 May 2026, with a FY2026-2027 high of ₹81.1 and low of ₹39.1. The stock is currently in the middle of its 52-week range. Market cap stands at ₹911 Cr..

How does Manali Petrochemicals Ltd's P/E ratio compare to its industry?

Manali Petrochemicals Ltd has a P/E ratio of 13.5, which is below the industry average of 51.38. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Manali Petrochemicals Ltd financially healthy?

Key indicators for Manali Petrochemicals Ltd: ROCE of 4.66 % is on the lower side compared to the industry average of 14.10%; ROE of 2.92 % is below ideal levels (industry average: 12.68%). Dividend yield is 0.94 %.

Is Manali Petrochemicals Ltd profitable and how is the profit trend?

Manali Petrochemicals Ltd reported a net profit of ₹29 Cr in Mar 2025 on revenue of ₹897 Cr. Compared to ₹381 Cr in Mar 2022, the net profit shows a declining trend.

Does Manali Petrochemicals Ltd pay dividends?

Manali Petrochemicals Ltd has a dividend yield of 0.94 % at the current price of ₹53.00. The company pays dividends, though the yield is modest.

Last Updated: April 25, 2026, 11:25 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500268 | NSE: MANALIPETC
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Manali Petrochemicals Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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