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Manali Petrochemicals Ltd share Price Today

Company details

73.10
74.95
55.95
87.20
6M Return 12.33%
1Y Return 6.69%
Mkt Cap.(Cr) 1,261.61
Volume 557,376
Div Yield 1.02%
OI
-
OI Chg %
-
Volume 557,376

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Manali Petrochemicals announced Q3FY23 results:

  • Standalone Q3FY23 & 9MFY23:
    • During the quarter, total revenue was Rs 211.57 crore and net profit Rs 64 lakh.
    • 9MFY23 revenue and profits were Rs 785.24 crore & Rs 49.49 crore respectively.
  • Consolidated Q3FY23 & 9MFY23:
    • During the quarter, total revenue was Rs 244.20 crore and net profit Rs 3.15 crore.
    • 9MFY23 revenue and profits were Rs 866.38 crore & Rs 51.11 crore respectively.

Ashwin Muthiah, Chairman, MPL and Founder Chairman, AM International, Singapore, said: "The company experienced a decline in performance during the quarter due to increased competition and the inability to raise prices for customers. However, the company intends to improve its performance, particularly its margins, through its acquisition of Penn-White in the UK."

Ravi, MD of MPL and CEO, Petrochemicals Division of AM International Group, said: "The company's performance continued to be affected by a downtrend in the economy impelled by global events since the start of this year. As a result, though sales volume could be maintained compared to last quarter, margins had been falling with the continued increase in input costs and steep reduction in selling prices. Nevertheless, revenue generated from speciality products is quite encouraging, thanks to the new business units acquired in the UK, as part of our strategy to improve our performance. We will continue to take all other possible steps in the coming quarters.

 

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)

  • MFs decreased their shareholding last quarter
  • Degrowth in Revenue and Profit
  • Decline in Quarterly Net Profit (YoY)

Opportunity (1)

  • RSI indicating price strength

Threats (3)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 74.5
R2 75.7
R3 76.4
Pivot

73.80

S1 72.7
S2 72.0
S3 70.8
EMA SMA
67.6
68.5
69.7
70.8
64.0
69.1
71.6
69.0
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 Savita Oil Technologies Ltd Styrenix Performance Materials Ltd Bhansali Engineering Polymers Ltd
Price 73.35 643.45 484.50 1,540.45 103.50
% Change -1.01 0.27 -0.38 -1.38 -1.43
Mcap Cr 1,261.61 12,099.50 3,347.90 2,709.04 2,575.68
Revenue TTM Cr 1,197.45 5,287.20 3,630.44 2,372.27 1,362.56
Net Profit TTM Cr 50.67 498.14 225.70 183.01 136.76
PE TTM 71.92 32.25 16.26 16.29 16.82
1 Year Return 6.69 66.83 86.42 98.79 49.14
ROCE 7.03 39.28 24.85 29.46 19.17
ROE 4.88 29.66 16.68 23.30 13.35
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,044.37 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,946.21 7,621.40
LAST 3M 82,392.14 52,508.68
LAST 6M 133,826.12 84,231.33
LAST 12M 206,189.80 211,987.34
Manali Petrochemicals Limited - Loss of Share Certificates

Apr 12, 2024 l NSE Announcement

Manali Petrochemicals Limited - Loss of Share Certificates

Apr 08, 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)
71.92
Promoter Holding
44.86%
Book Value
60.9915
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 Apr 12, 2024 04:05 PM the closing price of Manali Petrochemicals Ltd was ₹ 73.35.

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 Apr 12, 2024 04:05 PM, the market cap of Manali Petrochemicals Ltd stood at ₹ 1,261.61.

The latest PE ratio of Manali Petrochemicals Ltd as of Apr 12, 2024 04:05 PM is 71.92

The latest PB ratio of Manali Petrochemicals Ltd as of Apr 12, 2024 04:05 PM is 0.83

The 52-week high of Manali Petrochemicals Ltd share price is ₹ 87.20 while the 52-week low is ₹ 55.95

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