Manali Petrochemicals
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Vista Outlook
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Recent management commentary and analyst insights indicate that Manali Petrochemicals is facing a challenging revenue outlook, with expectations of contraction over the forecast period. This decline is primarily attributed to ongoing pricing volatility and geopolitical tensions impacting the industrial and commodity chemicals sector. Despite these challenges, management has emphasized the stability of profit margins, which are projected to remain broadly stable, reflecting the company's conservative financial structure and low leverage. Vista's financial outlook aligns with these insights, forecasting stable margins but a decline in revenue, which is consistent with the broader industry trends of fluctuating chemical prices and supply chain disruptions. The balance sheet remains conservatively financed, supporting financial stability amidst these headwinds. While the macro environment in India is generally favorable, with improving manufacturing activity and contained inflation, the specific challenges facing Manali Petrochemicals suggest limited growth potential in the near term. Over the next 12-24 months, key watchpoints include the company's ability to navigate pricing pressures and geopolitical risks, as well as any shifts in raw material supply dynamics that could impact profitability. Overall, while the industry presents opportunities for growth, Manali's current trajectory suggests a cautious approach is warranted
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Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 1,032 | 897 | 1,022 | 1,056 | 953 |
| Profit Before Tax (Cr.) | 41 | 45 | 82 | 216 | 165 |
| PBT Margin | 4.0% | 5.0% | 802.3% | 20.5% | 17.4% |
| Net Profit (Cr.) | 25 | 30 | 73 | 188 | 144 |
| Earnings Per Share | 1.4 | 1.8 | 4.2 | 10.9 | 8.4 |
Analyst Recommendations
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Company Overview
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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, and related products; and flexible slabstock, flexible cold cure, rigid, and elastomers used for various applications in automobile, refrigeration and temperature control, adhesive, sealant, coating, furniture, and textile industries, as well as propylene oxide, an input material for the derivative products. It also, provides propylene glycol for use in pharmaceuticals, food, flavor, and fragrance industries; and for production of polymer resins, carbonless paper, and automobile consumables, such as brake fluids and anti-freeze liquids. In addition, it offers propylene glycol mono methyl ether, a solvent used in paints and coatings, and electronics industries. Further, the company provides neuthane polyurethane cast elastomers for use in anti-roll bars, limit or bump stops, material handling applications, rollers, harvester components, and idler wheels on track laying tractors, as well as suspensions and shock bushes in buses, trucks, and other high-performance vehicles. Additionally, it is involved in the trading, transaction facilitation, and business and project consultancy businesses. Manali Petrochemicals Limited was incorporated in 1986 and is based in Chennai, India.