Manali Petrochemicals
- Market cap
- ₹ 1,264 Cr.
- P/E
- 10.6x
- P/B
- 1.01x
- 52-week range
- 39.13 – 93
- ROE
- 6%
- ROCE
- 7%
- Dividend yield
- 0.7%
- Debt / equity
- 0.11
- Sector
- Chemicals & Petrochemicals
- Industry
- Petrochemicals
- Listed on
- NSE, BSE
About
Manali Petrochemicals Limited is an India-based petrochemical company. The Company is engaged in the manufacture and sale of propylene oxide (PO), propylene glycol (PG) and polyols (PY), which are used as industrial raw materials. It manufactures and supplies polyurethane raw materials and blended systems for various industries, such as appliances, automotive, furniture, footwear, paints, coatings, pharmaceuticals, food and fragrances. Polyols are produced in four grades: Flexible Slabstock, Flexible Cold Cure, Rigid, and Elastomers. They are utilized across various industries, including automotive, refrigeration and temperature control, adhesives, sealants, coatings, furniture, and textiles. PG is used as a drug solubilizer in topical, oral, and injectable medications, a stabilizer for vitamins, and as a water-miscible co-solvent. Its other products include Propylene Glycol Mono Methyl Ether (PGMME), which is used in paints and coatings and electronics industries.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Petrochemicals: 18 companies →Manali Petrochemicals against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)10.6 against a typical 13.2: cheaper than most peers (1st = cheapest).5th of 18
- Sales growth+17% against a typical +17.4% from a year earlier.9th of 15
- Profit growth+357.1% against a typical +109.5% from a year earlier.2nd of 14
- Share price, 3 months+12.1% against a typical −4.7%.3rd of 16
- Size₹ 1,264.3 Cr. market value against a typical ₹ 541.5 Cr. (1st = largest).5th of 18
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A+ by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE A+ | Stable | 4 Mar 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 4 Mar 2026 | Reaffirmed | CARE A+ | — | CARE | ₹ 125 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 13 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 21 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 2 Feb 2026 | Financial Results | Manali Petrochemicals Limited has informed the Exchange that the meeting of the Board of Directors of the Company is scheduled on 02/02/2026, inter alia, to consider and approve the Un-Audited Financial Results (Standalone & Consolidated) for the quarter and nine months ended 31-12-2025. |
| 10 Nov 2025 | Financial Results | Board Meeting Intimation for approval of Un-Audited Financial Results (Standalone & Consolidated) for the quarter and half year ended 30th September 2025. |
| 11 Aug 2025 | Financial Results | To consider, inter alia, the Un-audited Financial Results of the Company (Standalone and Consolidated) for the quarter ended 30th June 2025. |
| 13 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 270 | 205 | 256 | 240 | 230 | 196 | 230 | 235 | 248 | 247 | 293 | 275 |
| Expenses | 255 | 200 | 239 | 220 | 226 | 183 | 209 | 212 | 228 | 233 | 268 | 192 |
| Operating Profit | 15 | 5 | 17 | 21 | 4 | 13 | 21 | 23 | 20 | 14 | 25 | 83 |
| OPM % | 5% | 2.5% | 7% | 9% | 1.7% | 6% | 9% | 10% | 8% | 6% | 9% | 30% |
| Other Income | 9 | 8 | 1 | 6 | 6 | 4 | 5 | 8 | 12 | 71 | 25 | 14 |
| Interest | 2 | 2 | 3 | 3 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 3 |
| Depreciation | 6 | 6 | 7 | 7 | 7 | 7 | 7 | 8 | 8 | 9 | 9 | 9 |
| Profit before tax | 15 | 5 | 8 | 18 | 1 | 8 | 16 | 20 | 21 | 72 | 37 | 85 |
| Tax % | 27% | 35% | 84% | 27% | 64% | 31% | 32% | 28% | 14% | 6% | 22% | 24% |
| Net Profit | 11 | 3 | 1 | 13 | 0 | 5 | 11 | 14 | 18 | 68 | 29 | 64 |
| EPS in Rs | 0.63 | 0.17 | 0.08 | 0.76 | 0.01 | 0.31 | 0.63 | 0.83 | 1.06 | 3.98 | 1.69 | 3.74 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 6%
- 5 Years
- 0%
- 3 Years
- −5%
- TTM
- 19%
- 10 Years
- 4%
- 5 Years
- −20%
- 3 Years
- 12%
- TTM
- 262%
- 10 Years
- 10%
- 5 Years
- −3%
- 3 Years
- 7%
- TTM
- —
- 10 Years
- 14%
- 5 Years
- 11%
- 3 Years
- 4%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Manali Petrochemicals | ₹ 73.08 | ₹ 1,264 Cr. | 10.6x | 1x | 6% | — |
| Asian Paints | ₹ 2,305.00 | ₹ 2,21,095 Cr. | 58.1x | 12.1x | 21.2% | 12.4% |
| Solar Industries India | ₹ 18,320.00 | ₹ 1,65,778 Cr. | 99.6x | 26.6x | 31.4% | 17.7% |
| Pidilite Industries | ₹ 1,514.00 | ₹ 1,54,107 Cr. | 64.8x | 14.7x | 23.8% | 16.9% |
| SRF | ₹ 2,309.00 | ₹ 68,444 Cr. | 44.6x | 6.1x | 13.8% | 11.6% |
| Linde India | ₹ 5,697.00 | ₹ 48,586 Cr. | 110.5x | 14.2x | 13.6% | 21.7% |
Management
- R. Chandrasekar
- Group Chief Executive Officer, Managing Director, Additional Wholetime Director
- Muthukrishnan Ravi
- CEO- AMCHEM Speciality Chemicals Private Limited, Singapore and its subsidiary Notedome Limited, UK.
- Shivaram Narayanan
- Chief Operating Officer
- G. Sri Vignesh
- Compliance Officer, Company Secretary
- C. Subash Chandra Bose
- Vice President - Operations
- G. R. Sridhar
- Whole Time Director - Head of Plant Operations
Prices are delayed and for information only. Nothing on this page is investment advice.