Manali Petrochemicals share price & results
- Jun 2026
- Sept 2026
India's sole domestic maker of Propylene Glycol and largest Propylene Oxide manufacturer, with polyols/PU systems and UK specialty-chemical subsidiaries Notedome and PennWhite.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 229 | +40.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 32.0 | +28.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 56.0 | +1766.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 9.94 | +1.5 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 4.70 | +18.1 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 19.30 | +27.0 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +5.6% 1Y
1Y: ₹70.53 on 24 Oct 2025 → ₹74.49. High ₹92.36 (6 Oct 2026), low ₹39.38 (30 Mar 2026).
- Previous close
- ₹72.95
- Market cap
- ₹1.3k Cr
- 52-week range
- ₹39.38 – ₹92.36
- One year
- +0.40%
- Price to earnings (TTM to Jun 2026)
- 10.64×
- Return on equity (TTM to Jun 2026)
- 9.94%
Overview
- Symbol
- NSE:MANALIPETC
- Sector
- Chemicals
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What Manali Petrochemicals Limited does
Based on the company's own presentations, annual report and earnings calls.
Manali Petrochemicals is the sole domestic producer of Propylene Glycol (PG) and the first and largest Indian manufacturer of Propylene Oxide (PO), which it uses to make Polyols, PGMME and other petrochemical derivatives sold to pharmaceutical, food, personal-care, paints, automotive and construction customers. It manufactures at two plants in Manali, Chennai and is building a new facility in Gujarat to expand capacity. Through wholly owned UK step-down subsidiaries Notedome (polyurethane cast elastomers) and PennWhite (foam control agents and chemical additives under the FoamDoctor® brand), it also makes and exports specialty performance chemicals internationally.
Segments
- Chemical Solutions
- Performance Chemicals (PennWhite)
- Notedome
- Manufacturing plants
- 2 (Plant-1 & Plant-2, Manali, Chennai); new facility under construction in Gujarat
- PennWhite production capacity
- 16,280 MTPA
- Notedome production capacity
- 6,000 MTPA
- New Propylene Glycol plant capacity
- 32,000 MTPA (commissioned/inaugurated July 2025)
- PennWhite product range
- 200+ products
- Notedome export reach
- 45 countries
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +1767% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 166 | 141 | 163 | 163 | 180 | 195 | 248 | 229 |
| Expenses | 175 | 140 | 156 | 157 | 178 | 189 | 231 | 156 |
| Operating profit | -10 | 1 | 7 | 6 | 2 | 6 | 16 | 73 |
| Operating margin | −6.0% | 0.9% | 4.4% | 3.8% | 0.9% | 2.9% | 7.0% | 32.0% |
| Other income | 4 | 3 | 7 | 7 | 8 | 10 | 27 | 10 |
| Interest | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 |
| Depreciation | 6 | 6 | 6 | 6 | 6 | 7 | 8 | 7 |
| Profit before tax | -14 | -4 | 5 | 4 | 0 | 5 | 33 | 73 |
| Tax rate | −24.0% | −21.0% | 42.0% | 27.0% | 5.0% | 11.0% | 18.0% | 24.0% |
| Net profit | -11 | -3 | 3 | 3 | 0 | 5 | 27 | 56 |
| EPS (₹ per share) | -0.62 | -0.16 | 0.18 | 0.18 | 0.01 | 0.26 | 1.57 | 3.23 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 1,182 | 797 | 648 | 786 |
| Expenses | 1,103 | 795 | 643 | 755 |
| Operating profit | 79 | 3 | 4 | 30 |
| Other income | 23 | 19 | 19 | 52 |
| Interest | 9 | 8 | 8 | 12 |
| Depreciation | 24 | 21 | 24 | 27 |
| Profit before tax | 70 | -8 | -10 | 42 |
| Net profit | 51 | -9 | -9 | 35 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 86 | 86 | 86 | 86 | 86 | 86 |
| Reserves | 944 | 958 | 976 | 1,008 | 1,056 | 1,195 |
| Borrowings | 19 | 7 | 103 | 129 | 155 | 137 |
| Other liabilities | 241 | 223 | 144 | 179 | 175 | 177 |
| Total liabilities | 1,290 | 1,274 | 1,308 | 1,403 | 1,472 | 1,596 |
| Fixed assets | 343 | 552 | 559 | 596 | 600 | 568 |
| Capital work in progress | 14 | 23 | 17 | 61 | 98 | 39 |
| Investments | 0 | 0 | 29 | 15 | 6 | 6 |
| Other assets | 933 | 700 | 704 | 731 | 767 | 983 |
| Total assets | 1,290 | 1,274 | 1,308 | 1,403 | 1,472 | 1,596 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 201 | 385 | 44 | 23 | -55 | 52 |
| Cash from investing | -16 | -12 | -312 | -84 | -39 | -37 |
| Cash from financing | -12 | -27 | -61 | -5 | 1 | -5 |
| Net cash flow | 172 | 346 | -329 | -67 | -93 | 9 |
| Free cash flow | 174 | 358 | 1 | -2 | -148 | -5 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 59 | 34 | 38 | 33 | 39 | 62 |
| Inventory days | 45 | 34 | 38 | 52 | 130 | 89 |
| Days payable | 50 | 28 | 19 | 25 | 62 | 65 |
| Cash conversion cycle | 54 | 41 | 57 | 60 | 107 | 85 |
| Working capital days | 32 | 18 | 35 | 22 | 55 | 48 |
| Return on capital employed | 51.0% | 63.0% | 8.0% | 1.0% | 0.0% | 3.0% |
| Dividend payout | 13.0% | 11.0% | 25.0% | −140.0% | −98.0% | 25.0% |
Ownership
Who owns it
Public hold 54.46% as of Sept 2026; institutions added 0.28 pts since Jun 2026.
- Promoters 44.87%
- Foreign institutions 0.66%
- Domestic institutions 0.01%
- Public 54.46%
Who is on the register
Named in the Sep 2026 filing
Every holder of Manali Petrochemicals Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 38.28% | unchanged | |
| 6.52% | unchanged | |
| 5.05% | unchanged | |
| 2.39% | unchanged | |
| 0.05% | unchanged | |
| 0.01% | unchanged | |
| 0.01% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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