On 6 Nov 2026, Manali Petrochemicals was priced at ₹75.54, or 7.2× trailing earnings, against an industry P/E of 22.1×, and the shares are 19% below their 52-week high. Its ROCE of 12% is the second-lowest among the 7 largest Specialty Chemicals peers, and sales fell 4.6% a year over 3 years while net profit grew 37%. Its dividend yield is 0.7%, and debt is 0.11× equity. It is a small-cap company with a market cap of ₹1,299 Cr, ranked 76th of 204 Specialty Chemicals companies by market cap; the shares rose 0.5% over the past year.
- ₹73.10
- ₹77.67
- ₹70.20
- ₹73.10
- 56.8 L
Health check
- ReturnsBehind
+0.5% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 7.2 vs industry 22.1.
- GrowthSteady
Sales −4.6%, profit +36.9% a year over 3 years.
- ProfitabilityWeak
ROCE 11.7% vs peer median 24.4%.
- Balance sheetSolid
Debt 0.11× equity, interest covered 14.0×, Piotroski 6 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹1,299 Cr
- Small cap
- P/E
- 7.2
- Industry 22.1
- Price to book
- 1.01
- Peers 13.33
- Dividend yield
- 0.66%
- ROE
- 10.9%
- Peers 23.0%
- ROCE
- 11.7%
- Peers 24.4%
- Debt to equity
- 0.11
- Debt ₹137 Cr
- EPS (TTM)
- ₹10.47
- Face value ₹5
- OPM (TTM)
- 13.4%
- Net margin 16.9%
- Sales growth
- +17.1%
- Latest quarter vs a year ago
- Profit growth
- +348.8%
- Latest quarter vs a year ago
- Price to sales
- 1.22
- EV/EBITDA 5.8
Strengths and risks
Strengths
- Quarterly profit up 348.8% on a year ago.
- Quarterly sales up 17.1% on a year ago.
- P/E of 7.2 against an industry P/E of 22.1.
About Manali Petrochemicals
Manali Petrochemicals Limited manufactures and sells petrochemical products in India, the European Union and United Kingdom, and internationally. The company provides propylene glycol, polyether polyol, Polyester Polyols, and related products; and flexible slabstock, flexible cold cure, rigid, and elastomers used for various applications in automobile, refrigeration and temperature control, adhesive, sealant, marine coatings, industrial rollers,…
- Headquarters
- Chennai
- Employees
- 337
- Sector
- Basic Materials
- ISIN
- INE201A01024
- Website
- manalipetro.com
Price range
- Avg volume (3M)
- 52.5 L
- 1-year return
- plus 0.5%
- From 52-week high
- minus 18.8%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| MANALIPETCManali Petrochemicals | 75.54 | plus 3.34% | 1,299 | 7.2 | 10.7 | 11.7% | 13.4% | 0.11 | −4.6% | plus 0.5% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 235 | 248 | 247 | 293 | 275 | |
| 212 | 228 | 233 | 268 | 192 | |
| 22.8 | 20.3 | 14 | 24.9 | 82.8 | |
| 9.7% | 8.2% | 5.7% | 8.5% | 30.1% | |
| 8 | 12.9 | 19.8 | 6.8 | 13.8 | |
| 3.2 | 3.4 | 3.4 | 3.6 | 3.1 | |
| 7.7 | 7.9 | 8.7 | 9.5 | 9 | |
| – | −1 | 50.8 | 18.5 | – | |
| 20 | 21 | 72.4 | 37.1 | 84.5 | |
| 28.2% | 13.5% | 5.5% | 21.7% | 23.9% | |
| 14.3 | 18.2 | 68.4 | 29 | 64.4 | |
| 0.83 | 1.06 | 3.98 | 1.69 | 3.74 |
Profit & loss
- Sales CAGR 3Y
- −4.6%
- Profit CAGR 3Y
- +36.9%
- EPS CAGR 3Y
- +36.8%
- ROE
- 10.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,175 | 1,031 | 894 | 1,021 | |
| – | minus 12.2% | minus 13.3% | +14.2% | |
| 1,096 | 980 | 835 | 939 | |
| 78.8 | 51.8 | 59.5 | 82.2 | |
| 6.7% | 5.0% | 6.7% | 8.1% | |
| 21.9 | 24 | 22.1 | 45.2 | |
| 7.8 | 9.6 | 9.3 | 11.5 | |
| 23.2 | 25.3 | 27.1 | 33.8 | |
| 0.3 | −7.6 | −3.2 | 68.4 | |
| 70 | 33.4 | 42.1 | 150 | |
| 27.6% | 42.4% | 30.3% | 13.6% | |
| 50.7 | 19.2 | 29.3 | 130 | |
| – | minus 62.1% | +52.6% | +343.4% | |
| 2.95 | 1.12 | 1.70 | 7.56 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 86 | 86 | 86 | 86 | |
| 958 | 976 | 1,008 | 1,195 | |
| 83.2 | 103 | 129 | 137 | |
| 147 | 144 | 179 | 177 | |
| 1,274 | 1,308 | 1,403 | 1,596 | |
| 297 | 308 | 384 | 404 | |
| 26.7 | 20.1 | 73.5 | 40.2 | |
| 0 | 3.6 | 15.1 | 6.3 | |
| 379 | 443 | 328 | 555 | |
| 571 | 535 | 601 | 590 | |
| 1,274 | 1,308 | 1,403 | 1,596 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 91.9 | 74.6 | −19 | 116 | |
| −267 | −82 | −155 | 75.1 | |
| −64.3 | −6.8 | −0.2 | −9.1 | |
| −239 | −14.2 | −174 | 182 | |
| −44.5 | −24.9 | −101 | −68.6 | |
| 47.3 | 49.8 | −120 | 47.7 | |
| −43 | −12.9 | −12.9 | −8.6 |
Shareholding pattern
- Promoters44.86%
- Public55.14%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 44.86% | 55.14% | 0.00 | |
| 30 Jun 2026 | 44.86% | 55.14% | 0.00 | |
| 31 Mar 2026 | 44.86% | 55.14% | 0.00 | |
| 31 Dec 2025 | 44.86% | 55.14% | 0.00 | |
| 30 Sep 2025 | 44.86% | 55.14% | – |
Major shareholders
Filings & events
News
No recent news coverage found.