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Manali Petrochemicals Limited (NSE:MANALIPETC) Has Attractive Fundamentals

Simply Wall St

Manali Petrochemicals Limited (NSE:MANALIPETC) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the case of MANALIPETC, it is a well-regarded dividend payer that has been able to sustain great financial health over the past. Below, I've touched on some key aspects you should know on a high level. For those interested in digging a bit deeper into my commentary, take a look at the report on Manali Petrochemicals here.

Excellent balance sheet established dividend payer

MANALIPETC's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. This suggests prudent control over cash and cost by management, which is an important determinant of the company’s health. MANALIPETC appears to have made good use of debt, producing operating cash levels of 0.38x total debt in the prior year. This is a strong indication that debt is reasonably met with cash generated.

NSEI:MANALIPETC Historical Debt, September 18th 2019

Income investors would also be happy to know that MANALIPETC is one of the highest dividend payers in the market, with current dividend yield standing at 3.7%. MANALIPETC has also been regularly increasing its dividend payments to shareholders over the past decade.

NSEI:MANALIPETC Historical Dividend Yield, September 18th 2019

Next Steps:

For Manali Petrochemicals, I've put together three pertinent factors you should further research:

  1. Future Outlook: What are well-informed industry analysts predicting for MANALIPETC’s future growth? Take a look at our free research report of analyst consensus for MANALIPETC’s outlook.
  2. Historical Performance: What has MANALIPETC's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of MANALIPETC? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.