Balance Sheet Manali Petrochemicals Limited

Equities

MANALIPETC

INE201A01024

Commodity Chemicals

Market Closed - Bombay S.E. Other stock markets 05:00:45 2026-02-06 am EST			5-day change	1st Jan Change
58.25 ^INR	-1.19%		+1.36%	-7.64%

Feb. 02	Manali Petrochemicals Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2025	CI
Feb. 02	Manali Petrochemicals Dec-quarter Consol Profit 684.3 Million Rupees	RE

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Published financial data: MANALI PETROCHEMICALS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	10.2B	16.72B	11.81B	10.32B	8.97B
Total Revenues	10.2B	16.72B	11.81B	10.32B	8.97B
Cost of Goods Sold, Total	6.38B	10.32B	9.77B	8.42B	7B
Gross Profit	3.82B	6.4B	2.04B	1.9B	1.98B
Selling General & Admin Expenses, Total	467M	620M	607M	786M	769M
Depreciation & Amortization - (IS)	146M	201M	232M	253M	271M
Other Operating Expenses	381M	493M	640M	619M	612M
Other Operating Expenses, Total	994M	1.31B	1.48B	1.66B	1.65B
Operating Income	2.82B	5.09B	559M	241M	324M
Interest Expense, Total	-41.1M	-84.48M	-78.1M	-84.5M	-93.1M
Interest And Investment Income	101M	147M	214M	243M	195M
Net Interest Expenses	59.77M	62.72M	136M	159M	102M
Currency Exchange Gains (Loss)	-4.13M	-	-5.8M	-25.4M	-10.3M
Other Non Operating Income (Expenses)	65.76M	22.56M	7.2M	34.7M	37M
EBT, Excl. Unusual Items	2.94B	5.17B	696M	409M	452M
Gain (Loss) On Sale Of Investments	-	-	-	-	1.8M
Gain (Loss) On Sale Of Assets	-6.78M	320K	-100K	-22.5M	-1.5M
Asset Writedown	-271M	-8.61M	-	-	-27.9M
Insurance Settlements	12.01M	-	3.3M	2.3M	-
Other Unusual Items	-	-58.24M	-	-55.4M	-4.2M
EBT, Incl. Unusual Items	2.68B	5.11B	700M	334M	420M
Income Tax Expense	666M	1.29B	193M	141M	127M
Earnings From Continuing Operations	2.01B	3.81B	507M	192M	293M
Net Income to Company	2.01B	3.81B	507M	192M	293M
Net Income - (IS)	2.01B	3.81B	507M	192M	293M
Net Income to Common Incl Extra Items	2.01B	3.81B	507M	192M	293M
Net Income to Common Excl. Extra Items	2.01B	3.81B	507M	192M	293M
Per Share Items
Net EPS - Basic	11.7	22.16	2.95	1.12	1.7
Basic EPS - Continuing Operations	11.7	22.16	2.95	1.12	1.7
Basic Weighted Average Shares Outstanding	172M	172M	172M	172M	172M
Net EPS - Diluted	11.7	22.16	2.95	1.12	1.7
Diluted EPS - Continuing Operations	11.7	22.16	2.95	1.12	1.7
Diluted Weighted Average Shares Outstanding	172M	172M	172M	172M	172M
Normalized Basic EPS	10.7	18.79	2.53	1.49	1.64
Normalized Diluted EPS	10.7	18.79	2.53	1.49	1.64
Dividend Per Share	1.5	2.5	0.75	0.75	0.5
Payout Ratio	6.41	6.77	84.88	67.2	44.05
Supplemental Items
EBITDA	2.94B	5.24B	741M	428M	524M
EBITA	2.82B	5.09B	559M	241M	325M
EBIT	2.82B	5.09B	559M	241M	324M
EBITDAR	2.95B	5.25B	746M	439M	548M
Total Revenues (As Reported)	10.38B	16.9B	12.05B	10.62B	9.22B
Effective Tax Rate - (Ratio)	24.87	25.36	27.58	42.4	30.3
Total Current Taxes	733M	1.32B	202M	132M	138M
Total Deferred Taxes	-66.83M	-24.98M	-9M	9.4M	-10.8M
Normalized Net Income	1.84B	3.23B	435M	256M	283M
Interest on Long-Term Debt	36M	66.3M	67.3M	75.9M	77M
Non-Cash Pension Expense	437K	-94K	1.5M	-600K	-200K
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	22.62M	19.68M	26.8M	29.2M	35.8M
Net Rental Expense, Total	7.31M	2.08M	5.2M	11.5M	24M
Imputed Operating Lease Interest Expense	4.3M	2.07M	3.82M	8.35M	15.4M
Imputed Operating Lease Depreciation	3.01M	10.89K	1.38M	3.15M	8.6M
Maintenance & Repair Expenses, Total	191M	198M	230M	222M	228M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	2.82B	6.12B	3.79B	3.64B	1.9B
Short Term Investments	-	-	2.3M	500M	1.35B
Trading Asset Securities, Total	-	-	-	252M	-
Total Cash And Short Term Investments	2.82B	6.12B	3.79B	4.39B	3.25B
Accounts Receivable, Total	1.72B	1.58B	1.59B	1.21B	1.17B
Other Receivables	18.54M	41.32M	45M	103M	327M
Notes Receivable	4.09M	4.14M	1.6M	3.1M	1.5M
Total Receivables	1.74B	1.63B	1.64B	1.32B	1.5B
Inventory	704M	877M	1.09B	1.08B	1.96B
Prepaid Expenses	51.75M	63.73M	81.5M	80.1M	71M
Other Current Assets, Total	185M	390M	142M	144M	146M
Total Current Assets	5.5B	9.08B	6.74B	7.01B	6.92B
Gross Property Plant And Equipment	2.64B	3.19B	3.72B	4.09B	5.02B
Accumulated Depreciation	-392M	-560M	-791M	-1.04B	-1.3B
Net Property Plant And Equipment	2.25B	2.63B	2.93B	3.04B	3.72B
Long-term Investments	1.75M	1.24M	100K	36.1M	150M
Goodwill	954M	941M	2.81B	2.71B	2.82B
Other Intangibles, Total	-	-	-	-	24M
Other Long-Term Assets, Total	166M	250M	254M	277M	394M
Total Assets	8.87B	12.9B	12.74B	13.08B	14.03B
Liabilities
Accounts Payable, Total	899M	950M	653M	602M	992M
Accrued Expenses, Total	65.15M	150M	127M	135M	158M
Short-term Borrowings	143M	187M	66M	223M	254M
Current Portion of Long-Term Debt	-	-	-	-	10M
Current Portion of Leases	28.8M	33.54M	35.8M	59.7M	86.9M
Current Income Taxes Payable	-	60.66M	4.7M	122M	53.7M
Unearned Revenue Current, Total	1.68M	1.68M	1.7M	1.7M	1.7M
Other Current Liabilities	500M	463M	586M	484M	532M
Total Current Liabilities	1.64B	1.85B	1.47B	1.63B	2.09B
Long-Term Debt	-	-	-	-	190M
Long-Term Leases	319M	648M	730M	748M	750M
Unearned Revenue Non Current	30.08M	29.93M	26.7M	25.1M	23.3M
Pension & Other Post Retirement Benefits	15.9M	29.8M	43.5M	23.7M	1.9M
Deferred Tax Liability Non Current	45.21M	20.15M	11.2M	20.6M	11.4M
Other Non Current Liabilities	17.95M	23.01M	12.8M	22.2M	15.2M
Total Liabilities	2.07B	2.6B	2.3B	2.47B	3.08B
Common Stock, Total	860M	860M	860M	860M	860M
Additional Paid In Capital	9.14M	9.14M	9.1M	9.1M	9.1M
Retained Earnings	5.76B	9.31B	9.39B	9.45B	9.62B
Comprehensive Income and Other	170M	122M	185M	295M	459M
Total Common Equity	6.8B	10.3B	10.44B	10.62B	10.94B
Total Equity	6.8B	10.3B	10.44B	10.62B	10.94B
Total Liabilities And Equity	8.87B	12.9B	12.74B	13.08B	14.03B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	172M	172M	172M	172M	172M
ECS Total Common Shares Outstanding	172M	172M	172M	172M	172M
Book Value / Share	39.53	59.91	60.72	61.73	63.63
Tangible Book Value	5.85B	9.36B	7.63B	7.91B	8.1B
Tangible Book Value Per Share	33.99	54.44	44.36	45.97	47.09
Total Debt	490M	869M	832M	1.03B	1.29B
Net Debt	-2.33B	-5.25B	-2.96B	-3.36B	-1.95B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-1.81M	23.74M	-8.5M	-4.8M	3.2M
Debt Equivalent Oper. Leases	58.51M	16.63M	41.6M	92M	192M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	292M	561M	439M	362M	498M
Inventories - Work In Process, Total	12.36M	11.38M	35.8M	19.3M	21.8M
Inventories - Finished Goods, Total	385M	289M	580M	678M	1.4B
Inventories - Others	14.52M	15.88M	32.3M	24.4M	33.2M
Land - (BS)	293M	293M	354M	356M	359M
Buildings, Total	275M	303M	337M	382M	419M
Machinery, Total	1.5B	1.84B	2.09B	2.36B	2.51B
Full Time Employees	293	318	386	383	321
Accumulated Allowance for Doubtful Accounts (Supple)	2.98M	42.58M	43.5M	50.6M	53.1M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	2.01B	3.81B	507M	192M	293M
Depreciation & Amortization - CF	146M	201M	232M	253M	270M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	1.1M
Depreciation & Amortization, Total	146M	201M	232M	253M	271M
(Gain) Loss From Sale Of Asset	6.78M	-320K	100K	22.5M	1.8M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-100K	-1.8M
Asset Writedown & Restructuring Costs	271M	8.61M	-	-	-
Provision and Write-off of Bad Debts	19.88M	2.99M	2.7M	16.5M	800K
Other Operating Activities, Total	-98.66M	-106M	-198M	-113M	-152M
Change In Accounts Receivable	-655M	137M	261M	366M	39.9M
Change In Inventories	186M	-174M	35.9M	3.4M	-900M
Change In Accounts Payable	338M	132M	-576M	-10M	389M
Change in Other Net Operating Assets	-46.96M	-282M	655M	-101M	-132M
Cash from Operations	2.18B	3.73B	919M	630M	-190M
Capital Expenditure	-245M	-272M	-445M	-257M	-1.01B
Sale of Property, Plant, and Equipment	-	-	-	-	300K
Cash Acquisitions	-	-	-2.42B	-	-45.6M
Investment in Marketable and Equity Securities, Total	-484K	512K	-3.5M	-281M	139M
Other Investing Activities, Total	103M	140M	210M	-278M	-634M
Cash from Investing	-142M	-131M	-2.66B	-816M	-1.55B
Short Term Debt Issued, Total	-	43.87M	-	157M	231M
Total Debt Issued	-	43.87M	-	157M	231M
Short Term Debt Repaid, Total	-114M	-	-121M	-	-
Total Debt Repaid	-114M	-	-121M	-	-
Common Dividends Paid	-129M	-258M	-430M	-129M	-129M
Common & Preferred Stock Dividends Paid	-129M	-258M	-430M	-129M	-129M
Other Financing Activities, Total	-39.54M	-47.31M	-92.2M	-96M	-104M
Cash from Financing	-282M	-261M	-643M	-68.2M	-2.3M
Foreign Exchange Rate Adjustments	108M	-31.12M	49.1M	113M	-
Miscellaneous Cash Flow Adjustments	-	-	-	-100K	-
Net Change in Cash	1.86B	3.31B	-2.33B	-142M	-1.74B
Supplemental Items
Cash Interest Paid	39.54M	47.31M	92.2M	96M	104M
Cash Income Tax Paid (Refund)	679M	1.28B	255M	106M	226M
Levered Free Cash Flow	1.59B	2.88B	-162M	413M	-1.25B
Unlevered Free Cash Flow	1.62B	2.94B	-113M	466M	-1.19B
Change In Net Working Capital	46.25M	173M	249M	-319M	655M
Net Debt Issued / Repaid	-114M	43.87M	-121M	157M	231M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	22.81	29.14	2.73	1.17	1.49
Return on Total Capital	27.72	34.44	3.11	1.32	1.7
Return On Equity %	34.66	44.56	4.88	1.82	2.72
Return on Common Equity	34.66	44.56	4.88	1.82	2.72
Margin Analysis
Gross Profit Margin %	37.44	38.28	17.25	18.39	22.02
SG&A Margin	4.58	3.71	5.14	7.61	8.57
EBITDA Margin %	28.82	31.36	6.27	4.14	5.84
EBITA Margin %	27.69	30.43	4.73	2.34	3.62
EBIT Margin %	27.69	30.43	4.73	2.34	3.61
Income From Continuing Operations Margin %	19.74	22.79	4.29	1.86	3.27
Net Income Margin %	19.74	22.79	4.29	1.86	3.27
Net Avail. For Common Margin %	19.74	22.79	4.29	1.86	3.27
Normalized Net Income Margin	18.05	19.34	3.68	2.48	3.15
Levered Free Cash Flow Margin	15.64	17.24	-1.37	4	-13.9
Unlevered Free Cash Flow Margin	15.89	17.56	-0.96	4.51	-13.25
Asset Turnover
Asset Turnover	1.32	1.53	0.92	0.8	0.66
Fixed Assets Turnover	4.38	6.86	4.25	3.46	2.65
Receivables Turnover (Average Receivables)	7.27	10.13	7.44	7.36	7.54
Inventory Turnover (Average Inventory)	8.01	13.05	9.95	7.76	4.6
Short Term Liquidity
Current Ratio	3.36	4.92	4.58	4.31	3.31
Quick Ratio	2.78	4.2	3.69	3.51	2.27
Operating Cash Flow to Current Liabilities	1.33	2.02	0.62	0.39	-0.09
Days Sales Outstanding (Average Receivables)	50.18	36.04	49.06	49.69	48.41
Days Outstanding Inventory (Average Inventory)	45.57	27.96	36.69	47.18	79.32
Average Days Payable Outstanding	42.9	30.69	29.32	26.4	36.98
Cash Conversion Cycle (Average Days)	52.85	33.31	56.43	70.48	90.75
Long Term Solvency
Total Debt/Equity	7.21	8.43	7.97	9.71	11.8
Total Debt / Total Capital	6.73	7.77	7.38	8.85	10.55
LT Debt/Equity	4.69	6.29	6.99	7.04	8.59
Long-Term Debt / Total Capital	4.37	5.8	6.48	6.42	7.68
Total Liabilities / Total Assets	23.3	20.13	18.04	18.85	21.96
EBIT / Interest Expense	68.69	60.21	7.16	2.85	3.48
EBITDA / Interest Expense	72.26	62.59	10.13	5.85	6.39
(EBITDA - Capex) / Interest Expense	66.3	59.37	4.43	2.81	-4.43
Total Debt / EBITDA	0.17	0.16	1.05	2.08	2.17
Net Debt / EBITDA	-0.78	-0.99	-3.74	-6.8	-3.28
Total Debt / (EBITDA - Capex)	0.18	0.17	2.41	4.34	-3.13
Net Debt / (EBITDA - Capex)	-0.85	-1.05	-8.56	-14.16	4.74
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	26.96	63.2	-29.35	-12.3	-13.1
Gross Profit, 1 Yr. Growth %	159.18	65.53	-68.16	-5.1	4.06
EBITDA, 1 Yr. Growth %	331.73	75.75	-85.88	-38.77	22.49
EBITA, 1 Yr. Growth %	397.81	77.34	-89.01	-53.36	34.83
EBIT, 1 Yr. Growth %	397.81	77.34	-89.01	-53.36	34.37
Earnings From Cont. Operations, 1 Yr. Growth %	331.3	89.37	-86.7	-62.08	52.58
Net Income, 1 Yr. Growth %	331.3	89.37	-86.7	-62.08	52.58
Normalized Net Income, 1 Yr. Growth %	373.39	75.67	-86.53	-41.26	10.56
Diluted EPS Before Extra, 1 Yr. Growth %	331.72	89.37	-86.7	-62.08	52.21
Accounts Receivable, 1 Yr. Growth %	58.55	-7.96	0.69	-24.04	-3.36
Inventory, 1 Yr. Growth %	-20.87	24.72	23.98	-0.31	80.38
Net Property, Plant and Equip., 1 Yr. Growth %	-6.78	17.04	11.46	3.91	22.08
Total Assets, 1 Yr. Growth %	34.26	44.62	-1.24	2.68	7.2
Tangible Book Value, 1 Yr. Growth %	48.64	60.18	-18.52	3.63	2.43
Common Equity, 1 Yr. Growth %	41.29	51.54	1.35	1.66	3.08
Cash From Operations, 1 Yr. Growth %	149.44	70.66	-75.37	-31.44	-125.44
Capital Expenditures, 1 Yr. Growth %	-16.62	11.14	63.59	-42.26	304.99
Levered Free Cash Flow, 1 Yr. Growth %	208.11	71.76	-105.62	-299.43	-395.9
Unlevered Free Cash Flow, 1 Yr. Growth %	194.73	72.27	-103.86	-394.31	-350.67
Dividend Per Share, 1 Yr. Growth %	100	66.67	-70	0	-33.33
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	12.17	44.29	7.38	-21.42	-12.7
Gross Profit, 2 Yr. CAGR %	48.12	108.47	-27.4	-45.54	-0.63
EBITDA, 2 Yr. CAGR %	70.42	177.58	-50.17	-71.45	-13.4
EBITA, 2 Yr. CAGR %	76.98	199.51	-55.84	-78.23	-20.7
EBIT, 2 Yr. CAGR %	76.98	199.51	-55.84	-78.23	-20.84
Earnings From Cont. Operations, 2 Yr. CAGR %	62.09	185.79	-49.82	-77.55	-23.94
Net Income, 2 Yr. CAGR %	62.09	185.79	-49.82	-77.55	-23.94
Normalized Net Income, 2 Yr. CAGR %	74.7	188.37	-51.36	-71.88	-19.42
Diluted EPS Before Extra, 2 Yr. CAGR %	62.15	185.93	-49.82	-77.55	-24.03
Accounts Receivable, 2 Yr. CAGR %	22.74	20.8	-3.73	-12.55	-14.32
Inventory, 2 Yr. CAGR %	-22.76	-0.66	24.35	11.17	34.09
Net Property, Plant and Equip., 2 Yr. CAGR %	5.05	4.45	14.22	7.62	12.63
Total Assets, 2 Yr. CAGR %	16.46	39.78	19.51	0.7	4.92
Tangible Book Value, 2 Yr. CAGR %	25.78	54.3	14.24	-8.11	3.03
Common Equity, 2 Yr. CAGR %	22.25	46.33	23.93	1.51	2.37
Cash From Operations, 2 Yr. CAGR %	302.17	106.59	-35.17	-58.91	-54.54
Capital Expenditures, 2 Yr. CAGR %	12.34	-3.73	34.85	-2.81	50.39
Levered Free Cash Flow, 2 Yr. CAGR %	119.52	136.03	-68.92	-62.18	145.38
Unlevered Free Cash Flow, 2 Yr. CAGR %	123	131.1	-74.21	-60.2	174.05
Dividend Per Share, 2 Yr. CAGR %	41.42	82.57	-29.29	-45.23	-18.35
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	10.89	27.31	13.73	0.26	-18.74
Gross Profit, 3 Yr. CAGR %	29.55	54.37	11.44	-21.11	-32.42
EBITDA, 3 Yr. CAGR %	43.73	73.06	2.87	-47.66	-53.61
EBITA, 3 Yr. CAGR %	46.36	78.05	-0.46	-56.19	-60.02
EBIT, 3 Yr. CAGR %	46.36	78.05	-0.46	-56.19	-60.07
Earnings From Cont. Operations, 3 Yr. CAGR %	51.48	70.72	2.79	-54.3	-57.47
Net Income, 3 Yr. CAGR %	51.48	70.72	2.79	-54.3	-57.47
Normalized Net Income, 3 Yr. CAGR %	49.69	75.02	3.84	-48.21	-55.61
Diluted EPS Before Extra, 3 Yr. CAGR %	51.48	70.76	2.82	-54.3	-57.51
Accounts Receivable, 3 Yr. CAGR %	19.36	11.51	13.69	-11.04	-9.59
Inventory, 3 Yr. CAGR %	-0.98	-9.38	6.96	15.52	30.63
Net Property, Plant and Equip., 3 Yr. CAGR %	4.28	8.91	6.74	10.68	12.24
Total Assets, 3 Yr. CAGR %	16.83	25.44	24.5	13.62	2.82
Tangible Book Value, 3 Yr. CAGR %	24.28	36.34	24.72	10.59	-4.72
Common Equity, 3 Yr. CAGR %	20.18	31.32	29.47	16.01	2.03
Cash From Operations, 3 Yr. CAGR %	55.37	202.48	1.67	-33.95	-62.94
Capital Expenditures, 3 Yr. CAGR %	-8.24	11.94	14.89	1.64	54.67
Levered Free Cash Flow, 3 Yr. CAGR %	97.59	105.78	-32.07	-37.34	-24.41
Unlevered Free Cash Flow, 3 Yr. CAGR %	95.3	108.1	-40.92	-35.1	-26.06
Dividend Per Share, 3 Yr. CAGR %	44.22	49.38	0	-20.63	-41.52
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.98	21.48	9.58	4.96	2.24
Gross Profit, 5 Yr. CAGR %	17.62	37.74	3.03	1.76	6.05
EBITDA, 5 Yr. CAGR %	34.04	53.76	-5.63	-15.81	-5.1
EBITA, 5 Yr. CAGR %	35.4	58.19	-9.08	-23.17	-10.52
EBIT, 5 Yr. CAGR %	35.4	58.19	-9.08	-23.17	-10.59
Earnings From Cont. Operations, 5 Yr. CAGR %	33.22	57.31	-2.63	-24.17	-8.88
Net Income, 5 Yr. CAGR %	33.22	57.31	-2.63	-24.17	-8.88
Normalized Net Income, 5 Yr. CAGR %	33.26	56.85	-4.52	-15.77	-6.17
Diluted EPS Before Extra, 5 Yr. CAGR %	33.22	57.31	-2.63	-24.15	-8.9
Accounts Receivable, 5 Yr. CAGR %	13.81	12.49	9.52	1.18	1.52
Inventory, 5 Yr. CAGR %	-7.6	-6.69	8.46	-1.66	17.08
Net Property, Plant and Equip., 5 Yr. CAGR %	13.19	7.44	8.15	8.39	9.06
Total Assets, 5 Yr. CAGR %	12.16	18.33	18.04	14.89	16.26
Tangible Book Value, 5 Yr. CAGR %	15.66	30.08	20.17	16.43	15.54
Common Equity, 5 Yr. CAGR %	19.21	25.55	21.67	18.47	17.86
Cash From Operations, 5 Yr. CAGR %	105.59	33.69	9.58	36.12	-26.31
Capital Expenditures, 5 Yr. CAGR %	8.35	-26.05	7.04	5.79	27.95
Levered Free Cash Flow, 5 Yr. CAGR %	45.08	32.53	-4.73	4.54	19.23
Unlevered Free Cash Flow, 5 Yr. CAGR %	47.47	33.14	-12.22	7.41	16.68
Dividend Per Share, 5 Yr. CAGR %	24.57	37.97	8.45	0	-7.79