Manali Petrochemicals Ltd.
CMP- 15.2
Date of Establishment
1986
Revenue
5544.4 ( Rs. in Millions )
Market Cap
2606.67 ( Rs. in Millions )
Corporate Address
Spic House,88 Mount Road ,GuindyChennai-600032, Tamil Nadu
www.manalipetro.com
Management Details
Chairperson - Ashwin C Muthiah
MD - Muthukrishnan Ravi
Directors - Ashwin C Muthiah, B Viswabarathy, Babu K Verghese, G Balasubramanian, G Chella Krishna, G Raghavendran, G Ramachandran, G S Lakshmi Narasimhan, Harish Chandra Chawla, K K Rajagopalan, Kulbir Singh, M Sivagnanam, Muthukrishnan Ravi, N Suryanarayanan, R Kothandaraman, S Vasudevan, Sanjiv Ralph Noronha, Sashikala Srikanth, T K Arun
Business Operation
Petrochemicals
Background
Manali Petrochemical Ltd. (MPL) established in 1986, is a leader in the production and marketing of propylene glycol and polyols in India.
It is based in Chennai, India. Manali Petrochemical annually produces 27000 metric tonnes of propylene oxide, 14,000 metric tonnes of propylene glycol and 15,000 metric tonnes of polyether polyol and system polyol.
Manali Petrochemical Ltd Plant-I (originally built
Financials
Total Income - Rs. 5544.4 Million ( year ending Mar 2014)
Net Profit - Rs.290.5 Million ( year ending Mar 2014)
Company Secretary
R Kothandaraman
Bankers
Corporation Bank, Indian Bank, Punjab National Bank, State Bank of Hyderabad, State Bank of India, State Bank of Patiala
Auditors
Deloitte Haskins & Sells
Compay History:
Manali Petrochemical Ltd. (MPL) established in 1986, is a leader in the production and marketing of propylene glycol and polyols in India.
It is based in Chennai, India. Manali Petrochemical annually produces 27000 metric tonnes of propylene oxide, 14,000 metric tonnes of propylene glycol and 15,000 metric tonnes of polyether polyol and system polyol.
Manali Petrochemical Ltd Plant-I (originally built by SPIC) set up with the technology of Atochem for
manufacture of PO and PG and that of Arco for manufacture of Polyuol acquired through Technip, France.
Manali Petrochemical Ltd Plant-II (originally joint venture of UB and TIDCO) was merged with MPL later utilizes the technology of Enichem of Italy for the PO and PG and Press Industrial for manufacture of Polyol.
MPL operates two grass route production facilities at Manali near Chennai to manufacturer Propylene oxide (PO), Propylele Glycol (PG) and polyol. MPL markets its poolyols with isocyanate imported from Japan and TDI prepolymers produced at MPL for meeting the demand from polyurethane industry in India.
Manali Petrochemical Ltd Plant-I (originally built by SPIC) set up with the technology of Atochem for manufacture of PO and PG and that of Arco for manufacture of Polyuol acquired through Technip, France. Manali Petrochemical Ltd Plant-II (originally joint venture of UB and TIDCO) was merged with MPL later utilizes the technology of Enichem of Italy for the PO and PG and Press Industrial for manufacture of Polyol.
Product ranges of the company include:
Propylene oxide
Propylele Glycol
Polyol
Why Manali Petrochemicals is our New Year Jackpot?
1) The company has reduced its debt over the years and is almost debt free.
2) The Stock is still trading at 1.13 times of its book value
3) The company has been maintaining a healthy dividend payout of 22.92%
4) PE of the stock is undervalued at 6.83 as against industry PE of 9.80
5) The company's performance is getting better quarter after quarter, giving sales of Rs. 1916.5 millions and profit of Rs. 130.6 Millions in the quarter ended September 2014, which is very good
6) The trailing sales this year is Rs. 6551.5 Millions and the profits are Rs. 381.4 Millions which are best in past 10 years
7) The company has got good return of equity of 18.53% over last 3 years
8) A1 Ratings from crisil
9) We would call Manali Petrochemicals a growth stock
10) Technically the RSI is oversold and MACD is continuously making greener buildings. So, you can expect it to rock soon
All this make Manali Petrochemicals Ltd. a perfect pick this festive season.
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Regards and Happy Investing
Abhishek Ninaniya
The Stock King
Disclaimer:- Trading in stock market is very risky. This is not an advisory service to buy or sell. The contents of this website/blog are only for educational purposes. No liability is accepted for any content on this blog/website . Subject to Gurgaon (india) jurisdiction only. The author is neither a registered stockbroker/ research analyst nor a registered advisor and does not give investment advice. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction.