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Manali Petrochemicals Ltd share Price Today

Company details

97.21
102.80
55.95
104.95
6M Return 25.66%
1Y Return 49.18%
Mkt Cap.(Cr) 1,713.97
Volume 2,209,824
Div Yield 0.75%
OI
-
OI Chg %
-
Volume 2,209,824

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Petrochemicals company Manali Petrochemicals announced Q4FY24 & FY24 results:

  • During Q4FY24, revenue and profit after tax on consolidated basis was Rs 256.28 crore and Rs 1.3 crore, respectively.
  • For FY24, revenue and profit after tax on consolidated basis was Rs 1,032.35 crore and Rs 19.21 crore, respectively.
  • During the year, the company continued to get affected by the dumping of imported materials at cheaper prices and the increase in raw materials cost which have impacted our margins.
  • Despite the temporary disruptions caused on account of Cyclone Michaung in the month of December 2023, the Company could maintain its top line at consolidated level this year.
  • The Board of MPL has recommended a dividend of Rs 0.75 per share (15%) for FY24, subject to approval of the Members.

Ashwin Muthiah, Chairman of MPL and Founder Chairman of AM International, Singapore, commented: "Despite facing macro-economic challenges that impacted our margins, the company reported an improved topline in the last quarter, enabling us to maintain annual sales at a similar level to the previous year. Despite disruptions caused by a cyclone in December, we successfully resumed full-fledged operations, contributing to our Q4 sales. Our decision not to pass the price hike on to customers underscores our long-term relationship focus. The recent leadership changes demonstrate our commitment to steering the business in a professional manner. With the formation of the Indian subsidiary of our recent overseas acquisition, we are optimistic about enhancing our performance in the future with our high-margin, sustainable specialty chemicals business."

R Chandrasekar, Managing Director of MPL, commented: "MPL's performance, despite severe dumping pressure from neighboring countries and resulting margin challenges, underscores our commitment to remain competitive as per market demand. We've appealed to the government for better policies to protect domestic players, aiming to achieve a level playing field in the near future. As a team, we are prioritizing R&D and innovation, aligning with our commitment to manufacturing environmentally friendly products tailored to our clients' needs."

Result PDF

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Manali Petrochemicals Ltd shares SWOT Analysis

Strengths (5)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with Low Debt
  • Book Value per share Improving for last 2 years

Weakness (8)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (1)

  • RSI indicating price strength

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 102.6
R2 105.5
R3 108.2
Pivot

99.89

S1 97.0
S2 94.3
S3 91.4
EMA SMA
95.3
88.5
82.4
77.9
96.1
86.4
77.8
74.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-11 85.43 1351139 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-01-11 85.43 1351139 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-12-21 79.3 1310109 NSE
Name Category Shares
TAMILNADU INDUSTRIAL DEVELOPMENT CORPORATION LTD PROMOTER 6.52%
SIDD LIFE SCIENCES PRIVATE LIMITED PROMOTER 38.28%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Manali Petrochemicals Ltd Stocks COMPARISON

Financials( in Cr) Manali Petrochemicals Ltd Supreme Petrochem Ltd Styrenix Performance Materials Ltd Savita Oil Technologies Ltd Bhansali Engineering Polymers Ltd
Price 99.65 900.15 2,576.35 610.45 149.01
% Change 0.20 2.14 10.36 -2.22 0.97
Mcap Cr 1,713.97 16,926.51 4,530.77 4,218.21 3,708.23
Revenue TTM Cr 1,197.45 5,307.33 2,372.27 3,630.44 1,221.73
Net Profit TTM Cr 50.67 346.49 183.01 225.70 179.37
PE TTM 76.62 52.31 22.52 21.02 20.36
1 Year Return 49.18 114.94 115.31 106.58 60.31
ROCE 7.03 23.84 29.46 24.85 24.30
ROE 4.88 17.94 23.30 16.68 18.02
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,044.37 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,424.68 50,451.86
LAST 3M 100,072.29 51,097.20
LAST 6M 183,053.48 43,859.44
LAST 12M 309,832.68 84,987.81
Manali Petrochemicals Limited - Copy of Newspaper Publication

Jul 15, 2024 l NSE Announcement

Manali Petrochemicals Limited - Updates

Jul 11, 2024 l NSE Announcement

Date Action Type Ratio
Sep 15, 2023 Dividend 15
Sep 15, 2022 Dividend 50

Manali Petrochemicals Ltd Information

Stock PE (TTM)
76.62
Promoter Holding
44.86%
Book Value
61.7253
ROCE
7.03%
ROE
4.88%
Description
  • Manali Petrochemicals Ltd. is in the petrochemicals sector, having a market capitalization worth Rs. 1,893 crores as of March 31, 2022. Its date of incorporation is June 11, 1986. As of September 2021, it reported consolidated net sales worth Rs. 436.04 crores, up 101.19% Y-o-Y. The company is listed on the Bombay Stock Exchange (BSE) with the code 500268 and the National Stock Exchange (NSE) with the code MANALIPETC.

    Manali Petrochemicals Ltd. manufactures and supplies innovative polyurethane raw materials and blended systems for several industries like furniture, appliances, footwear, automotive, paints, coatings, food, fragrances, and pharmaceuticals. Its headquarters are in Chennai.

    MPL operates in Singapore through its wholly-owned subsidiary AMCHEM Specialty Chemicals Limited. In the UK, it has a presence through its step-down subsidiaries AMCHEM Specialty Chemicals and Notedome Limited. The company’s top management includes Mr. Ashwin C Muthiah as Chairman, Mr. Muthukrishnan Ravi as Managing Director, and Mr. Chatapuram Swaminathan Shankar as Director.

    For the year ending March 31, 2021, the key product/revenue segments include Propylene Oxide, Propylene Glycol, Polyol, Duty Drawback, and Scrap. The company reported a consolidated total income and profit of Rs. 494.14 crores and Rs. 110.09 crores respectively for the fourth quarter ending March 31, 2021. For FY 20-21, the company recorded a total income and profit of Rs. 1037.98 crores and Rs. 201.23 crores respectively.

    The company’s shareholding pattern in December 2021 indicates 44.86% Manali Petro share with promoters, 2.68% share with Foreign Institutional Investors, 0.05% share with Domestic Institutional Investors, and the remaining 52.41% share with the general public. There has been no change in promoter and DII holding from September 30, 2021, to December 31, 2021. The FII share has increased by 0.88%, and others have decreased by 0.88%.

    The BSE Manali Petro share price on March 31, 2022, is Rs. 108.70. The NSE Manali Petrochemical share price is Rs. 108.85. The 52-week lowest price for Manali Petrochemicals share was Rs. 58.80, and the 52-week highest Manali share price was Rs. 138.65. The company is listed on key indices, including S&P BSE SmallCap, S&P BSE AllCap, S&P BSE Basic Materials, and S&P BSE MidSmallCap.

    Disclaimer:- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

SPIC House, 88 Mount Road Guindy, Chennai, Tamil Nadu, 600032

Tel : 91-44-22351098
Email : companysecretary:manalipetro.com; cs:manalipetro.c
Website : http://www.manalipetro.com
Registrar

Cameo Corporate Services Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 500268
NSE Code : MANALIPETC
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE201A01024

FAQ’s on Manali Petrochemicals Ltd Shares

You can buy Manali Petrochemicals Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Manali Petrochemicals Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 16, 2024 04:08 PM the closing price of Manali Petrochemicals Ltd was Rs.99.65.

The latest PE ratio of Manali Petrochemicals Ltd as of Jul 16, 2024 04:08 PM is 76.62

The latest PB ratio of Manali Petrochemicals Ltd as of Jul 16, 2024 04:08 PM is 0.62

The 52-week high of Manali Petrochemicals Ltd share price is Rs. 104.95 while the 52-week low is Rs. 55.95

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 16, 2024 04:08 PM, the market cap of Manali Petrochemicals Ltd stood at Rs. 1,713.97 Cr.

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