Manali Petrochemicals Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings

Investors weighing a Manali Petrochemicals target price for 2027 should start with where the stock sits today. At Rs 85.87 on 9 October 2026, it is 7.7% below its 52-week high of Rs 93.00 and 119.4% above its 52-week low of Rs 39.13. That range spans 138% from low to high, so the entry point matters as much as the Manali Petrochemicals price forecast itself.

This article builds the Manali Petrochemicals share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 103 base case and the Rs 123 bull case were reached, along with a downside risk level of Rs 68.4.

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Manali Petrochemicals Stock Analysis: Company Overview and Key Stats

Manali Petrochemicals (NSE: MANALIPETC) has a market capitalisation of Rs 1,471 crore. In FY26 it reported revenue of Rs 1,070 crore and net profit of Rs 129.95 crore. The table collects the figures the Manali Petrochemicals share price target is built on.

Metric	Value
Company	Manali Petrochemicals
NSE Ticker	MANALIPETC
CMP (9 October 2026)	Rs 85.87
52-Week High	Rs 93.00
52-Week Low	Rs 39.13
Market Cap	Rs 1,471 crore
PE Ratio (TTM)	8.18
Industry PE	15.72
Price to Book	1.15
Return on Equity	5.54%
Debt to Equity	0.11
EPS (TTM)	Rs 10.46
Dividend Yield	0.58%
12-Month Base Target	Rs 103
Bull Case	Rs 123
Downside Risk Level (not a target)	Rs 68.4

Why Is Manali Petrochemicals Share Price Target Set at Rs 103 for 2027?

The base-case Manali Petrochemicals stock target of Rs 103 applies a PE multiple of 8.18 to a forward EPS estimate of Rs 12.55. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 19.9% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Manali Petrochemicals Target Price: Five Years of Results

Manali Petrochemicals grew revenue from Rs 1,690 crore in FY22 to Rs 1,070 crore in FY26, a compound annual growth rate of -10.8%. Net profit grew more slowly, from Rs 381.10 crore to Rs 129.95 crore (-23.6% a year), which points to margin pressure alongside the sales growth.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	1,689.82	381.10	22.16	2.50
FY23	1,205.15	50.67	2.95	0.75
FY24	1,061.51	19.21	1.12	0.75
FY25	921.63	29.31	1.70	0.50
FY26	1,069.85	129.95	7.56	0.50

FY26 revenue growth was 16.1%, faster than the four-year average of -10.8%, and net profit moved up 343.4%. EPS rose from Rs 1.12 in FY24 to Rs 7.56 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Manali Petrochemicals converted 12.1% of FY26 revenue into net profit, against 3.2% in FY25, within a five-year range of 1.8% to 22.6%. EBITDA margin was 18.5% in FY26 versus 8.6% in FY25.

In the June 2026 quarter, revenue was Rs 288.49 crore, up 18.9% from the same quarter a year earlier, while net profit of Rs 64.36 crore was up 348.8%. EBITDA came in at Rs 96.57 crore, up 213.0% year on year. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.11, and shareholders' equity grew from Rs 1,030 crore in FY22 to Rs 1,281 crore in FY26. Operating cash flow in FY26 was Rs 116.33 crore against capital expenditure of Rs 68.59 crore, leaving free cash flow of Rs 47.74 crore, or 3.2% of the current market capitalisation. In FY25 free cash flow was negative at Rs 119.71 crore, so cash generation has not been steady year to year.

Valuation Check for the Manali Petrochemicals Stock Target: PE, Price to Book and ROE

At a PE of 8.18 against an industry PE of 15.72, Manali Petrochemicals trades at a discount to its industry. Price to book is 1.15 on a book value of Rs 74.50 per share, and return on equity is 5.54%. A PE of 8.18 equals an earnings yield of 12.2%, and the FY26 dividend of Rs 0.50 per share gives a yield of 0.58%.

Shareholding Pattern and Institutional Holding

Promoters held 44.86% of Manali Petrochemicals in June 2026, and promoter holding has stayed near 44.86% since June 2025. Foreign institutional investors (FII) held 0.38% and domestic institutions (DII) held 0.01%, which puts total institutional holding at 0.39%. FII holding has stayed near 0.38% since June 2025. Public shareholders own the remaining 54.74%. Institutional holding this low means the stock sees limited professional coverage, and price moves can be sharper when trading volumes are thin.

Manali Petrochemicals Share Price Targets for the Short Term and 12 Months

Short Term Manali Petrochemicals Stock Target Levels: Technical Setup

At Rs 85.87 on 9 October 2026, Manali Petrochemicals trades above its 50-day simple moving average of Rs 78.05 and above its 200-day exponential moving average of Rs 67.82. The 14-day RSI reads 53.0, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 93.00 (52-week high) and the nearest support is Rs 78.05 (50-day simple moving average). A sustained move above Rs 93.00 would improve the short-term setup, while a close below Rs 78.05 would shift attention to the next support.

12 Month Manali Petrochemicals Target Price for 2027

The 12-month target for Manali Petrochemicals is Rs 103: forward EPS of Rs 12.55 at a PE of 8.18. That is 19.9% above Rs 85.87. It would also push the stock above its 52-week high of Rs 93.00.

How EPS Growth and PE Multiple Change the Manali Petrochemicals Target Price

EPS Growth	PE 6.54	PE 8.18	PE 9.41
0.0% (EPS Rs 10.46)	Rs 68.4	Rs 85.6	Rs 98.4
20.0% (EPS Rs 12.55)	Rs 82.1	Rs 103	Rs 118
25.0% (EPS Rs 13.08)	Rs 85.5	Rs 107	Rs 123

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Manali Petrochemicals price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Manali Petrochemicals Stock Target in 2027

Bull Case Rs 123

The bull case Manali Petrochemicals price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 13.08, and a PE multiple that rises 15% to 9.41. That gives Rs 123, 43.2% above the current price and above the 52-week high of Rs 93.00, so the stock would have to set a fresh 52-week high.

Downside Risk Level Rs 68.4

The downside risk level is not a target. It assumes EPS stays flat at Rs 10.46 and the PE falls 20% to 6.54. That gives Rs 68.4, 20.3% below the current price and above the 52-week low of Rs 39.13.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	25.0%	9.41	Rs 123	+43.2%
Base Case	20.0%	8.18	Rs 103	+19.9%
Downside Risk	0.0%	6.54	Rs 68.4	-20.3%

Key Risks to the Manali Petrochemicals Target Price for 2027

Growth Slowdown Risk for the Manali Petrochemicals Price Target

Revenue in the June 2026 quarter was up 18.9% year on year, and FY26 revenue growth was 16.1%. If growth slows from here, the EPS estimate behind the Manali Petrochemicals stock target will need revising.

Liquidity and Size Risk

Manali Petrochemicals has a market capitalisation of Rs 1,471 crore. Institutional holding is 0.39%, and promoters hold 44.86%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.

Valuation and Margin Risk

Net margin was 12.1% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 8.18 versus an industry PE of 15.72, a de-rating toward the downside-risk PE of 6.54 would cut the price even if earnings hold.

Market and Technical Risk

The stock trades 7.7% below its 52-week high, with an RSI of 53.0 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.

How to Invest in Manali Petrochemicals

Start with the live price and volume. Any Manali Petrochemicals share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 85.87 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Manali Petrochemicals' PE, ROE, debt and shareholding in one place.

Check Manali Petrochemicals fundamentals on the Univest Screener

Then compare the three Manali Petrochemicals target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Manali Petrochemicals live price and get daily stock recommendations.

Conclusion

The Manali Petrochemicals share price target for 2027 is Rs 103 in the base case, with Rs 123 as the bull case. The support for that view is arithmetic you can check: EPS grew 159.8% a year over FY24 to FY26, and the stock trades at a PE of 8.18. The risks are equally concrete, including institutional holding of only 0.39% and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Manali Petrochemicals Share Price Target 2027

What is the Manali Petrochemicals share price target for 2027?

Ans. The base-case Manali Petrochemicals share price target for 2027 is Rs 103, with Rs 123 as the bull case. The downside risk level, which is not a target, is Rs 68.4. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.

What is the Manali Petrochemicals share price today?

Ans. As of 9 October 2026, 3:30 PM IST, Manali Petrochemicals trades at Rs 85.87, down 0.01% on the day. The 52-week range is Rs 39.13 to Rs 93.00.

Is Manali Petrochemicals a buy or sell at the current price?

Ans. The data is mixed rather than one-sided: EPS has grown 159.8% a year over FY24 to FY26, but institutional holding is only 0.39%. Whether Manali Petrochemicals fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.

What are the bull case target and downside risk level for Manali Petrochemicals shares?

Ans. The bull case target is Rs 123, which assumes 25.0% EPS growth and a PE of 9.41. The downside risk level is Rs 68.4, which assumes flat EPS and a PE of 6.54. It marks a risk, not a target.

What are the main risks to the Manali Petrochemicals price target?

Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 1,471 crore, a PE de-rating and short-term weakness in the broader market. Institutional holding is only 0.39%, which can make price moves sharper.

What is the PE ratio of Manali Petrochemicals and how does it compare with the industry?

Ans. The PE ratio of Manali Petrochemicals is 8.18 against an industry PE of 15.72. Price to book is 1.15 and return on equity is 5.54%. The base case in the Manali Petrochemicals price target holds this PE constant.

Who owns Manali Petrochemicals, and what is the promoter holding?

Ans. Promoters held 44.86% of Manali Petrochemicals in June 2026. FII held 0.38%, DII held 0.01% and the public held 54.74%.

What were Manali Petrochemicals' latest quarterly results?

Ans. In the June 2026 quarter, Manali Petrochemicals reported revenue of Rs 288.49 crore (up 18.9% year on year) and net profit of Rs 64.36 crore (up 348.8%).