Meghmani Organics Ltd

Meghmani Organi. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Meghmani Organics Ltd

₹ 92.6 0.54%
22 Nov 10:59 a.m.
meghmani.com BSE: 543331 NSE: MOL
About

Founded in 1986 as M/s Gujarat Industries, the company was incorporated in 1995 as Meghmani Organics Limited. The company manufactures Pigments and Agrochemicals through its 6 manufacturing facilities located in Gujarat. The company is amongst the top 3 Phthalocyanine based pigment players in the world and amongst the top 10 producers of pesticides in India.[1]Meghmani Organics Ltd (MOL) manufactures green and blue pigment products, which are used to manufacture printing ink, plastic, paints, textiles, leather, and rubber.

It also manufactures a wide variety of commonly used pesticides for crop and non-crop applications, this include insect control in wood preservation and food grain storage.

Key Points

Business Segments
A) Agro Chemicals (68% in FY24 vs 74% in FY23): [1] The co. manufactures and markets technicals, intermediates, and formulation of crop protection chemicals. Products include Insecticides, Herbicides, and Fungicides. Key intermediates are cypermethrin acid chloride, meta phenoxy benzaldehyde, and meta phenoxy benzyl alcohol. [2] [3]

Website BSE NSE
  • Market Cap ₹ 2,355 Cr.
  • Current Price ₹ 92.6
  • High / Low ₹ 116 / 71.4
  • Stock P/E
  • Book Value ₹ 61.6
  • Dividend Yield 0.00 %
  • ROCE -1.42 %
  • ROE -3.59 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 11.1% over last 3 years.
  • Earnings include an other income of Rs.42.8 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian

Part of BSE Allcap BSE Commodities BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
545.68 639.24 813.37 783.08 655.19 553.84 564.63 421.54 373.96 344.54 399.81 411.11 532.63
467.93 561.84 676.48 648.96 570.37 492.46 480.96 436.64 359.16 344.90 389.69 396.90 491.43
Operating Profit 77.75 77.40 136.89 134.12 84.82 61.38 83.67 -15.10 14.80 -0.36 10.12 14.21 41.20
OPM % 14.25% 12.11% 16.83% 17.13% 12.95% 11.08% 14.82% -3.58% 3.96% -0.10% 2.53% 3.46% 7.74%
21.09 26.33 26.60 37.54 25.85 23.98 8.59 6.61 12.66 9.74 13.93 6.55 12.62
Interest -3.53 -3.33 6.75 9.34 -2.84 43.33 14.58 3.91 11.56 26.27 1.69 9.32 24.00
Depreciation 14.58 14.86 15.25 15.83 16.07 15.83 20.37 21.36 20.45 20.87 20.46 20.51 21.63
Profit before tax 87.79 92.20 141.49 146.49 97.44 26.20 57.31 -33.76 -4.55 -37.76 1.90 -9.07 8.19
Tax % 26.06% 26.30% 24.39% 22.21% 24.64% 31.60% 21.34% -25.09% -20.00% -27.86% 121.05% -30.76% -4.40%
64.91 67.95 106.98 113.95 73.43 17.93 45.08 -25.29 -3.64 -27.23 -0.40 -6.28 8.55
EPS in Rs 2.55 2.67 4.21 4.48 2.89 0.71 1.77 -0.99 -0.14 -1.07 -0.02 -0.25 0.34
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 6m Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
693 1,623 2,494 2,557 1,540 1,688
589 1,343 2,114 2,192 1,529 1,623
Operating Profit 104 281 380 365 10 65
OPM % 15% 17% 15% 14% 1% 4%
138 30 102 95 42 43
Interest 18 11 9 64 43 61
Depreciation 22 51 60 68 83 83
Profit before tax 201 249 412 327 -74 -37
Tax % 22% 26% 25% 24% -24%
157 185 308 250 -57 -25
EPS in Rs 31,328.00 37,002.00 12.11 9.85 -2.22 -1.00
Dividend Payout % 16% 19% 12% 14% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -2%
TTM: -12%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -174%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 3%
1 Year: 27%
Return on Equity
10 Years: %
5 Years: %
3 Years: 11%
Last Year: -4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 25 25 25 25 25 25
Reserves 957 1,142 1,415 1,631 1,539 1,542
264 268 499 696 602 525
406 532 794 649 623 838
Total Liabilities 1,652 1,967 2,733 3,001 2,790 2,931
481 633 735 999 945 996
CWIP 101 112 187 145 148 64
Investments 192 306 348 443 575 558
879 916 1,463 1,414 1,122 1,312
Total Assets 1,652 1,967 2,733 3,001 2,790 2,931

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
18 333 69 264 339
16 -306 -267 -356 -176
-26 -14 187 111 -177
Net Cash Flow 8 13 -11 19 -13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 244 91 79 77 103
Inventory Days 266 152 158 149 175
Days Payable 211 138 144 106 174
Cash Conversion Cycle 300 105 93 120 104
Working Capital Days 239 88 101 113 120
ROCE % 19% 24% 18% -1%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
49.36% 49.41% 49.29% 49.37% 49.37% 49.48% 49.50% 49.32% 49.32% 49.32% 49.32% 49.33%
1.25% 1.25% 1.44% 1.64% 1.57% 1.53% 1.50% 1.34% 1.30% 1.52% 1.39% 2.22%
0.00% 0.00% 0.00% 0.08% 0.34% 0.45% 0.45% 0.61% 0.26% 0.20% 0.20% 0.42%
0.00% 0.04% 0.05% 0.05% 0.05% 0.05% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
49.38% 49.29% 49.23% 48.87% 48.69% 48.50% 48.51% 48.69% 49.09% 48.93% 49.05% 47.98%
No. of Shareholders 1,26,6141,27,3061,29,4061,30,9921,28,5071,27,1981,31,3361,40,6721,40,8291,52,7031,46,0101,28,875

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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