India Glycols vs Indo Borax vs Manali Petrochemicals: Which Stock Should You Track
- October 5, 2026
- Posted by: Neeraj Pandey
- Category: Market
India Glycols PE 6.33, mkt cap Rs 2,001 crore. Indo Borax and Chemicals PE 26.85, mkt cap Rs 1,512 crore. Manali Petrochemicals PE 7.46, mkt cap Rs 1,342 crore.
Quick Answer
India Glycols vs Indo Borax and Chemicals vs Manali Petrochemicals is a side-by-side comparison of three companies from the Specialty Chemicals and Glycols space. On this comparison, India Glycols carries a market capitalisation of about Rs 2,001 crore against Rs 1,512 crore for Indo Borax and Chemicals and Rs 1,342 crore for Manali Petrochemicals, with return on equity of 9.98%, 11.09% and 5.54% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
India Glycols vs Indo Borax and Chemicals vs Manali Petrochemicals starts with the core numbers most investors compare within the Specialty Chemicals and Glycols segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Specialty Chemicals and Glycols bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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India Glycols, Indo Borax and Chemicals and Manali Petrochemicals: Company Overview
India Glycols is a listed Indian company in the Specialty Chemicals and Glycols space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Indo Borax and Chemicals is a listed Indian company in the Specialty Chemicals and Glycols space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Manali Petrochemicals is a listed Indian company in the Specialty Chemicals and Glycols space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
India Glycols vs Indo Borax and Chemicals vs Manali Petrochemicals: Valuation and Profitability Snapshot
| Metric | India Glycols | Indo Borax and Chemicals | Manali Petrochemicals |
|---|---|---|---|
| Market Cap (approx.) | Rs 2,001 crore | Rs 1,512 crore | Rs 1,342 crore |
| PE Ratio (TTM) | 6.33 | 26.85 | 7.46 |
| PB Ratio | 0.68 | 3.91 | 1.05 |
| Return on Equity (ROE) | 9.98% | 11.09% | 5.54% |
| EPS (TTM, Rs) | 47.20 | 17.55 | 10.46 |
| Dividend Yield | 2.51% | 0.21% | 0.64% |
| Debt to Equity | 0.58 | 0.00 | 0.11 |
| Book Value per Share (Rs) | 437.55 | 120.47 | 74.50 |
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On valuation, India Glycols trades at a PE of 6.33 and a PB of 0.68, Indo Borax and Chemicals at a PE of 26.85 and a PB of 3.91, while Manali Petrochemicals trades at a PE of 7.46 and a PB of 1.05. On return on equity, the three post 9.98%, 11.09% and 5.54% respectively, and on dividend yield they stand at 2.51%, 0.21% and 0.64%.
India Glycols vs Indo Borax and Chemicals vs Manali Petrochemicals: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| India Glycols | Rs 2,988.82 crore | Rs 96.83 crore | +19.3% | +26.6% |
| Indo Borax and Chemicals | Rs 72.92 crore | Rs 16.25 crore | +28.9% | +8.0% |
| Manali Petrochemicals | Rs 288.49 crore | Rs 64.36 crore | +18.9% | -3.7% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three specialty chemicals and glycols names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
India Glycols vs Indo Borax and Chemicals vs Manali Petrochemicals highlights how differently three companies in the same specialty chemicals and glycols segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on India Glycols vs Indo Borax and Chemicals vs Manali Petrochemicals
What is the market cap difference between India Glycols, Indo Borax and Chemicals and Manali Petrochemicals?
Ans. As of September 2026, India Glycols has a market cap of approximately Rs 2,001 crore, Indo Borax and Chemicals is at approximately Rs 1,512 crore, and Manali Petrochemicals is at approximately Rs 1,342 crore.
Which of the three has the highest PE ratio?
Ans. Among India Glycols, Indo Borax and Chemicals and Manali Petrochemicals, the PE ratios stand at 6.33, 26.85 and 7.46 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. India Glycols, Indo Borax and Chemicals and Manali Petrochemicals post ROE of 9.98%, 11.09% and 5.54% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. India Glycols, Indo Borax and Chemicals and Manali Petrochemicals carry dividend yields of 2.51%, 0.21% and 0.64% respectively.
What is the debt to equity ratio for India Glycols, Indo Borax and Chemicals and Manali Petrochemicals?
Ans. India Glycols carries a debt to equity of 0.58, Indo Borax and Chemicals of 0.00, and Manali Petrochemicals of 0.11.
Which of the three trades at the highest price to book value?
Ans. India Glycols, Indo Borax and Chemicals and Manali Petrochemicals trade at price to book ratios of 0.68, 3.91 and 1.05 respectively.
Is one of India Glycols, Indo Borax and Chemicals or Manali Petrochemicals better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
