MANALIPETRO - Presenting a great opportunity

23 Apr 2022

MANALIPETC

Manali Petrochemicals Limited (MPL) is engaged in the business of manufacture of petrochemicals. The Company is engaged in offering polyols and propylene glycol.

• TTM EPS; 23.17
  
• TTM PE: 6.10
  
• Sector PE: 25.84
  
• Book Value Per Share: 39.53
  
• P/B: 3.58
  
• Face Value: 5
  
• Mkt Cap (Rs. Cr.): 2,432
  
• Dividend Yield: 1.06
  

Some Positives:

• High Piotroski Score - Companies with strong financials
  
• Rising Net Cash Flow and Cash from Operating activity
  
• Company with high TTM EPS Growth
  
• Strong Annual EPS Growth
  
• High Revenue and Profit Growth with High Return on Capital Deployed (ROCE) and Low PE ratio
  
• Company with Low Debt
  
• Increasing Revenue every quarter for the past 2 quarters
  
• Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
  
• Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
  
• Book Value per share Improving for last 2 years
  
• Company with Zero Promoter Pledge
  
• FII / FPI or Institutions increasing their shareholding
  
• Near 52 Week High
  
• Stock gained more than 20% in one month
  
• Strong Momentum: Price above short, medium and long term moving averages
  

Some Negatives:

• Not really any.
  

My Opinion: It is a gem of a company considering the fundamentals. I can see it rally till 165-190-205 in short term. !38 is key support level now. If it falls below that then 128 should be a stop-loss.

NOT A RECOMMENDATION. JUST FOR EDUCATION.