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Last Updated on: 12 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Manali Petrochemicals Ltd

About the Company - Manali Petrochemicals Ltd

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 plastic in primary forms (includes amino-resins, polyurethanes etc.). Company’s Total Operating Revenue is Rs. 1443.67 Cr. and Equity Capital is Rs. 86.03 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Petrochemicals - PolymersSPIC HOUSE, Chennai (Madras) Tamil Nadu 600032companysecretary@manalipetro.com
http://www.manalipetro.com
Management
NamePosition Held
Mr. Ashwin C MuthiahChairman
Mr. R ChandrasekarWholeTime Director & CFO
Ms. Sashikala SrikanthDirector
Lt. Col. (Retd). Chatapuram Swaminathan ShankarDirector
Ms. R BhuvaneswariDirector
Mr. Thanjavur Kanakaraj ArunDirector
Dr. N SundaradevanDirector
Mr. Govindarajan Dattatreyan SharmaDirector
Ms. Devaki Ashwin MuthiahDirector
Mr. Gangadharan ChellakrishnaDirector

Basic Stock Data of Manali Petrochemicals Ltd

Last Updated: June 12, 2024, 12:59 pm

Market Cap 1,530 Cr.
Current Price 89.0
High / Low92.0/55.9
Stock P/E68.2
Book Value 61.7
Dividend Yield0.81 %
ROCE4.38 %
ROE2.13 %
Face Value 5.00
PEG Ratio-3.84

Competitors of Manali Petrochemicals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Signet Industries Ltd 257 Cr. 87.597.4/42.516.7 74.80.56 %14.6 %7.24 % 10.0
NOCIL Ltd 4,472 Cr. 268298/20433.6 1021.11 %11.1 %8.18 % 10.0
AVI Polymers Ltd 4.70 Cr. 11.515.5/9.45235 11.90.00 %0.57 %0.41 % 10.0
Bhansali Engineering Polymers Ltd 2,517 Cr. 101118/81.614.1 37.03.92 %24.4 %18.1 % 1.00
Kothari Petrochemicals Ltd 794 Cr. 135170/67.412.4 41.90.92 %41.9 %29.2 % 10.0
Industry Average1,608.94 Cr120.6062.3653.521.30%18.51%12.63%8.20

Manali Petrochemicals Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales217349366330436491414324286238334301270
Expenses179222240217277339311274268234327294255
Operating Profit37127126113159152103511846815
OPM %17%36%34%34%36%31%25%16%6%2%2%3%5%
Other Income-6-220534666579
Interest1112224223222
Depreciation41044465566766
Profit before tax2711412310715814898491722615
Tax %22%24%26%25%26%25%25%26%30%-89%119%30%27%
Net Profit218691801171107436123-0411
EPS in Rs1.215.005.314.646.826.404.302.110.680.18-0.030.240.63

Last Updated: June 1, 2024, 3:03 pm

Manali Petrochemicals Ltd Quarterly Chart

Manali Petrochemicals Ltd Profit & Loss

Last Updated: June 1, 2024, 3:03 pm

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5796267488108031,0241,6721,1811,143
Expenses5115746517107337231,1431,1031,110
Operating Profit685297100703025297932
OPM %12%8%13%12%9%29%32%7%3%
Other Income9183275-8112427
Interest3232659910
Depreciation689111421202324
Profit before tax696088113542685117025
Tax %31%37%34%33%14%25%25%28%
Net Profit48385877472013815118
EPS in Rs2.792.203.374.452.7111.7022.162.951.02
Dividend Payout %18%23%15%17%28%13%11%25%

Manali Petrochemicals Ltd Profit & Loss Yearly Chart

Manali Petrochemicals Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:5%
3 Years:0%
TTM:-13%
Compounded Profit Growth
10 Years:%
5 Years:-19%
3 Years:-53%
TTM:-56%
Stock Price CAGR
10 Years:21%
5 Years:28%
3 Years:0%
1 Year:24%
Return on Equity
10 Years:%
5 Years:18%
3 Years:16%
Last Year:2%

Last Updated: June 8, 2024, 5:39 pm

Manali Petrochemicals Ltd Balance Sheet

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital868686868686868686
Reserves196225306369395594944958963
Borrowings2262334261419713
Other Liabilities215195141165153198241223216
Total Liabilities4995325566546608921,2901,2741,278
Fixed Assets105206273283302292343552532
CWIP16281262628142331
Investments6916570410001
Other Assets310282214364291572933700714
Total Assets4995325566546608921,2901,2741,278

Manali Petrochemicals Ltd Reserves and Borrowings Chart

Manali Petrochemicals Ltd Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -68758138721937392
Cash from Investing Activity -7-133-8-20-18-4-16-261
Cash from Financing Activity -116-17-2-29-28-26-64
Net Cash Flow-24-3933-941186331-233

Manali Petrochemicals Ltd Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days5748495149613549
Inventory Days96101538158473547
Days Payable124109476436543828
Cash Conversion Cycle2939556871543268
Working Capital Days4431326550382746
ROCE %20%24%22%14%49%60%8%

Manali Petrochemicals Ltd Financial Efficiency Indicators Chart

Manali Petrochemicals Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters44.86%44.86%44.86%44.86%44.86%44.86%44.87%44.87%44.87%44.87%44.87%44.87%
FIIs0.91%0.87%1.80%2.68%2.90%3.05%2.24%1.95%2.17%1.96%0.81%0.86%
DIIs0.03%0.05%0.05%0.05%0.05%0.05%0.03%0.03%0.03%0.03%0.07%0.02%
Public54.20%54.21%53.28%52.40%52.18%52.03%52.86%53.16%52.92%53.15%54.24%54.26%
No. of Shareholders1,10,0201,16,5261,40,8241,57,1891,69,5431,85,6651,98,2072,00,6312,00,7601,98,9771,96,6731,91,875

Manali Petrochemicals Ltd Shareholding Pattern Chart

No. of Manali Petrochemicals Ltd Shareholders

This stock is not held by any mutual fund

Manali Petrochemicals Ltd ROCE Trend

Manali Petrochemicals Ltd EPS Trend

Manali Petrochemicals Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)1.122.9522.1611.702.71
Diluted EPS (Rs.)1.122.9522.1611.702.71
Cash EPS (Rs.)2.594.2923.3112.923.55
Book Value[Excl.RevalReserv]/Share (Rs.)61.7060.7059.8839.5227.97
Book Value[Incl.RevalReserv]/Share (Rs.)61.7060.7059.8839.5227.97
Revenue From Operations / Share (Rs.)60.0068.6697.1759.2546.67
PBDIT / Share (Rs.)4.295.9531.7718.274.77
PBIT / Share (Rs.)2.824.6030.6017.053.93
PBT / Share (Rs.)1.944.0729.6715.573.15
Net Profit / Share (Rs.)1.122.9422.1511.692.71
NP After MI And SOA / Share (Rs.)1.122.9422.1511.692.71
PBDIT Margin (%)7.148.6632.6930.8210.21
PBIT Margin (%)4.696.7031.4928.768.41
PBT Margin (%)3.235.9230.5326.276.75
Net Profit Margin (%)1.864.2822.7919.735.80
NP After MI And SOA Margin (%)1.864.2822.7919.735.80
Return on Networth / Equity (%)1.804.8536.9829.599.69
Return on Capital Employeed (%)4.237.0247.6240.5812.65
Return On Assets (%)1.463.9729.5322.697.06
Total Debt / Equity (X)0.020.010.010.020.05
Asset Turnover Ratio (%)0.790.921.381.241.07
Current Ratio (X)4.314.584.923.362.46
Quick Ratio (X)3.643.844.442.931.75
Inventory Turnover Ratio (X)6.658.8610.516.514.70
Dividend Payout Ratio (NP) (%)0.0084.886.776.4133.33
Dividend Payout Ratio (CP) (%)0.0058.246.435.8025.44
Earning Retention Ratio (%)0.0015.1293.2393.5966.67
Cash Earning Retention Ratio (%)0.0041.7693.5794.2074.56
Interest Coverage Ratio (X)7.6911.1058.6966.8013.11
Interest Coverage Ratio (Post Tax) (X)3.586.5042.6348.189.59
Enterprise Value (Cr.)566.90656.341266.42747.69139.21
EV / Net Operating Revenue (X)0.540.550.750.730.17
EV / EBITDA (X)7.686.412.322.381.70
MarketCap / Net Operating Revenue (X)0.930.871.121.000.21
Retention Ratios (%)0.0015.1193.2293.5866.66
Price / BV (X)0.910.991.811.500.36
Price / Net Operating Revenue (X)0.930.871.121.000.21
EarningsYield0.010.040.200.190.26

Manali Petrochemicals Ltd Profitability Ratios (%)

Manali Petrochemicals Ltd Liquidity Ratios

Manali Petrochemicals Ltd Liquidity Ratios (%)

Manali Petrochemicals Ltd Interest Coverage Ratios (%)

Manali Petrochemicals Ltd Valuation Ratios

Fair Value

Fair Value: 90.36

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 1.52% compared to the current price 89

Intrinsic Value: 74.32

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 16.50% compared to the current price ₹89

Last 5 Year EPS CAGR: -17.75%

*Investments are subject to market risks

Strength and Weakness of Manali Petrochemicals Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 24.63%, which is a positive sign.
  2. The company has higher reserves (550.00 cr) compared to borrowings (18.22 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (396.67 cr) and profit (139.78 cr) over the years.
  1. The stock has a high average Working Capital Days of 41.63, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 52.00, which may not be favorable.

FAQ

What is the latest fair value of Manali Petrochemicals Ltd?

The latest fair value of Manali Petrochemicals Ltd is ₹90.36.

What is the Market Cap of Manali Petrochemicals Ltd?

The Market Cap of Manali Petrochemicals Ltd is 1,530 Cr..

What is the current Stock Price of Manali Petrochemicals Ltd as on 12 June 2024?

The current stock price of Manali Petrochemicals Ltd as on 12 June 2024 is ₹89.0.

What is the High / Low of Manali Petrochemicals Ltd stocks in FY 2024?

In FY 2024, the High / Low of Manali Petrochemicals Ltd stocks is 92.0/55.9.

What is the Stock P/E of Manali Petrochemicals Ltd?

The Stock P/E of Manali Petrochemicals Ltd is 68.2.

What is the Book Value of Manali Petrochemicals Ltd?

The Book Value of Manali Petrochemicals Ltd is 61.7.

What is the Dividend Yield of Manali Petrochemicals Ltd?

The Dividend Yield of Manali Petrochemicals Ltd is 0.81 %.

What is the ROCE of Manali Petrochemicals Ltd?

The ROCE of Manali Petrochemicals Ltd is 4.38 %.

What is the ROE of Manali Petrochemicals Ltd?

The ROE of Manali Petrochemicals Ltd is 2.13 %.

What is the Face Value of Manali Petrochemicals Ltd?

The Face Value of Manali Petrochemicals Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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