Manali Petrochemicals Limited (MANALIPETC) AI Stock Analysis

Manali Petrochemicals Limited

(NSE:MANALIPETC)

Select Model

Rating:70Outperform

Price Target:INR 75.00▲(4.01% Upside)

Action:reiterated

Date:10/06/26

Score driven by robust balance sheet stability and attractive low P/E valuation, supported by bullish technical indicators. Volatility in revenues and cash flows limits upside.

Positive Factors

FY2026 Revenue ReboundThe return to year-over-year revenue growth and improved profitability indicates a meaningful operating recovery after weaker FY2024–FY2025 performance. Sustained demand across polyurethane-related chemicals could strengthen earnings capacity and provide a foundation for reinvestment over the next several quarters.

Negative Factors

Gross Margin CompressionThe sharp margin decline indicates materially weaker pricing or spreads than during the prior peak cycle. Even with revenue recovering, lower gross profitability can limit operating leverage, reduce earnings durability, and leave results more exposed to changes in chemical-cycle conditions.

Manali Petrochemicals Limited (MANALIPETC) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 14.70B
Dividend Yield: 0.73%
Average Volume (3M): 237.01K
Price to Earnings (P/E): 6.5
Beta (1Y): 1.51
Revenue Growth: 19.19%
EPS Growth: 487.80%
Country: India
Employees: 383
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

Manali Petrochemicals Limited Business Overview & Revenue Model

Company Description

Established in 1986 and headquartered in Chennai, India, Manali Petrochemicals Limited (MPL) is a prominent manufacturer and global supplier of various petrochemical products. The company's core operations involve producing key chemical intermediates...

Manali Petrochemicals Limited Financial Statement Overview

Summary

Mixed results with strong balance sheet (score 85) offset by weaker income statement (55) and cash flow (45) due to revenue volatility and inconsistent operating cash flows.

Income Statement

55Neutral

Balance Sheet

85Very Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	10.62B	10.22B	8.97B	10.31B	11.75B	16.68B
Gross Profit	1.94B	1.38B	2.18B	1.89B	3.42B	7.47B
EBITDA	2.50B	1.98B	555.00M	682.70M	1.02B	5.38B
Net Income	1.80B	1.30B	293.10M	192.10M	506.80M	3.81B
Balance Sheet
Total Assets	0	15.96B	14.03B	13.08B	12.74B	12.90B
Cash, Cash Equivalents and Short-Term Investments	6.05B	6.05B	3.25B	4.43B	3.79B	6.12B
Total Debt	0	1.37B	1.29B	1.03B	832.30M	868.54M
Total Liabilities	-12.81B	3.14B	3.08B	2.47B	2.30B	2.60B
Stockholders Equity	12.81B	12.81B	10.94B	10.62B	10.44B	10.30B
Cash Flow
Free Cash Flow	-31.40M	547.00M	-1.20B	372.80M	473.30M	3.46B
Operating Cash Flow	364.00M	1.23B	-189.90M	629.90M	918.60M	3.73B
Investing Cash Flow	727.70M	598.00M	-1.55B	-816.40M	-2.66B	-131.19M
Financing Cash Flow	183.10M	-7.40M	-2.30M	-68.20M	-643.00M	-261.45M

Manali Petrochemicals Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price72.11

Price Trends

50DMA80.95Negative

100DMA72.76Negative

200DMA63.59Positive

Market Momentum

MACD-3.00Positive

RSI33.53Neutral

STOCH7.42Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANALIPETC, the sentiment is Negative. The current price of 72.11 is below the 20-day moving average (MA) of 80.39, below the 50-day MA of 80.95, and above the 200-day MA of 63.59, indicating a neutral trend. The MACD of -3.00 indicates Positive momentum. The RSI at 33.53 is Neutral, neither overbought nor oversold. The STOCH value of 7.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MANALIPETC.

Manali Petrochemicals Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:MANALIPETC against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KOTHARIPET	84Outperform	INR 6.42B	8.92	―	1.83%	-7.71%	12.35%
IN:MANALIPETC	70Outperform	INR 11.77B	6.53	―	0.73%	19.19%	487.80%
IN:TNPETRO	64Neutral	INR 10.31B	7.26	―	1.31%	-2.43%	81.18%
IN:BODALCHEM	57Neutral	INR 20.74B	30.19	―	―	27.57%	135.05%
IN:IGPL	56Neutral	INR 16.36B	20.03	―	0.94%	-0.88%	34.57%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:ESTER	39Underperform	INR 9.22B	-368.25	―	0.28%	10.11%	-109.93%

* General Sector Average

Performance Comparison

IN:MANALIPETC and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:MANALIPETC	Manali Petrochemicals Limited	72.11	-0.23	-0.32%
IN:BODALCHEM	Bodal Chemicals Limited	172.90	111.90	183.44%
IN:ESTER	Ester Industries Limited	89.28	-21.35	-19.30%
IN:IGPL	IG Petrochemicals Ltd.	532.50	127.14	31.36%
IN:KOTHARIPET	Kothari Petrochemicals Ltd.	112.45	-32.06	-22.19%
IN:TNPETRO	Tamilnadu Petro Products Ltd.	120.60	1.37	1.15%

Manali Petrochemicals Limited Corporate Events

Manali Petrochemicals Reports Demat Activity for Early August 2026

Sep 11, 2026

Manali Petrochemicals Limited has submitted to the NSE and BSE a regulatory statement detailing shares dematerialised and rematerialised between 1 August and 15 August 2026 under SEBI (Depositories & Participants) Regulations, 2018. Over the peri...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 06, 2026

Manali Petrochemicals Limited AI Stock Analysis