#MANALIPETC MANALIPETC-Breakout with Decent Volume Entry- 120-25 SL- 116.9 DCB Possible Targets= 135, 145

#MANALIPETC : Manali Petro is is super strong uptrend from last few days. now trading at 123. uptrend started when it crossed 90-100 level. keep watching this splace. maintain trailing stoploss if you are buying here

#MANALIPETC BRIEF-Manali Petrochemicals June Qtr Consolidated Profit Rises Manali Petrochemicals Ltd MANALIPETC : * MANALI PETROCHEMICALS LTD - JUNE QUARTER CONSOL PROFIT 797.8 MILLION RUPEES VERSUS 30.9 MILLION RUPEES YEAR AGO * MANALI PETROCHEMICALS LTD- JUNE QUARTER CONSOL REVENUE FROM OPERATIONS 3.3 BILLION RUPEES VERSUS 877.2 MILLION RUPEES YEAR AGO Source text for Eikon: ID: Further company coverage: MANALIPETC

Long term stock reco: Manali petrol Cmp 34 It is 2x return stock with good fundamental . Stoploss : 20 Target : your choice, could double your money. #InvestmentIdeas #MANALIPETC

#MANALIPETC NOT A BUY RECOMMENDATION *Manali Petrochemicals* - _Ready for Take-off_ CMP – ₹ 35 *TP – ₹ 70 _(100% Upside)_* 🎯M O N O P O L Y. P R O D U C T. SELLING PRICE RISE BY ANOTHER 10% IN NOV *Lifetime Best Q2* 🚀 EBITDA spurts 546% QoQ and 135% YoY 🚀 PAT zooms 1000% QoQ and 265% YoY 🏷️ Manali Petrochemicals is only integrated Propylene Glycol (PG) manufacturer in India *Rationale for Recommendation:* 🎯 Capacity expansion by 48000 TPA from current 22000 TPA to 70000 TPA at an estimated cost of just Rs. 150cr 🎯 Project to be handled by in-house redesigning the current facilities to ensure cost effectiveness and most prudent budgetary practices 🎯 Operating at 100% capacity utilization 🎯 Current demand for PG in India is 100000 TPA, 75% of which is imported. 🎯 *_Channel check suggest PG prices are at 15 years high_* 🎯 EBITDA margins are expected to expand further 🎯 H2FY2020 PAT is estimated to be in excess Rs. 75cr 🎯 Trading at just 4.5x FY22E EPS and 3xFY23EEPS 🔥 *Manali Petro posts strong results for Q2FY2020* 🔥 🚀 Revenue Rs. 216.7 Cr (147% QoQ, 13.9% YoY) vs QoQ Rs. 87.7 Cr, YoY Rs. 190.4 Cr 🚀 Rs. 216.7 Cr (147.1% QoQ, 13.9% YoY) vs QoQ Rs. 87.7 Cr, YoY Rs. 190.4 Cr 🚀 EBITDA Margin came at 17.2% vs QoQ 6.6%, YoY 8.3% 🚀 Adj. PAT came at Rs. 31.1 Cr vs QoQ Rs. 3.1 Cr, YoY Rs. 11.7 Cr *The stock is trading extremely cheap at just 4.5x FY22E EPS and 3xFY23EEPS even with very conservative estimate*

Manali Petrochemicals is currently trading at Rs. 25.85, up by 0.45 points or 1.77% from its previous closing of Rs. 25.40 on the BSE. The scrip opened at Rs. 25.75 and has touched a high and low of Rs. 26.20 and Rs. 25.55 respectively. So far 56938 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 29.80 on 07-Sep-2020 and a 52 week low of Rs. 8.00 on 25-Mar-2020. Last one week high and low of the scrip stood at Rs. 28.85 and Rs. 20.85 respectively. The current market cap of the company is Rs. 442.04 crore. The promoters holding in the company stood at 44.86%, while Institutions and Non-Institutions held 0.25% and 54.89% respectively. Manali Petrochemicals (MPL) has finalised plans to triple its annual production capacity for Propylene Glycol (PG) from 22,000 MT to 70,000 MT in two phases at an investment of about Rs 150 crore. The capacity is proposed to be expanded initially to 46,000 MT to be completed in 18-21 months and then by another 24,000 MT thereafter. The entire project will be handled in-house by redesigning the current facilities to ensure cost-effectiveness and the most prudent budgetary practices. On completion of the project, the Company, the only domestic manufacturer of the product, will meet a substantial part of the country's annual demand of about 100,000 MT of PG. Currently, a significant quantum is imported, which accounts for more than 75% of the entire country's demand for PG. The substitution of imports will save significant import bills and will also propel India towards self-sufficiency in PG production capability. The primary focus of the project will be to supply to two sectors – pharmaceutical and food. The growth in demand expected in future in these two sectors will help MPL meet its sales target post the expansion. The revamp will also ensure environment-friendly practices. It has been the philosophy of the AM group to be low on leverage. Keeping in line with this goal, MPL's expansion will be fully funded via internal resources without recourse to any external borrowing. Manali Petrochemicals is a leader in the production and marketing of Propylene Oxide, Propylene Glycols and Polyols in India. The Company operates two grassroot production facilities at Manali to manufacture Propylene oxide (PO), Propylene Glycol (PG) and Polyols. #MANALIPETC https://multibaggerstock.in