Meghmani Organics Ltd
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.
- Market Cap ₹ 2,022 Cr.
- Current Price ₹ 79.5
- High / Low ₹ 104 / 71.4
- Stock P/E
- Book Value ₹ 61.5
- Dividend Yield 1.78 %
- ROCE -1.42 %
- ROE -3.59 %
- Face Value ₹ 1.00
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 11.1% over last 3 years.
- Contingent liabilities of Rs.621 Cr.
- Earnings include an other income of Rs.42.0 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
693 | 1,623 | 2,494 | 2,557 | 1,540 | |
589 | 1,343 | 2,114 | 2,192 | 1,529 | |
Operating Profit | 104 | 281 | 380 | 365 | 10 |
OPM % | 15% | 17% | 15% | 14% | 1% |
138 | 30 | 102 | 95 | 42 | |
Interest | 18 | 11 | 9 | 64 | 43 |
Depreciation | 22 | 51 | 60 | 68 | 83 |
Profit before tax | 201 | 249 | 412 | 327 | -74 |
Tax % | 22% | 26% | 25% | 24% | -24% |
157 | 185 | 308 | 250 | -57 | |
EPS in Rs | 31,328.00 | 37,002.00 | 12.11 | 9.85 | -2.22 |
Dividend Payout % | 16% | 19% | 12% | 14% | 0% |
Compounded Sales Growth | |
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10 Years: | % |
5 Years: | % |
3 Years: | -2% |
TTM: | -40% |
Compounded Profit Growth | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -123% |
Stock Price CAGR | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -4% |
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 | |
---|---|---|---|---|---|
Equity Capital | 25 | 25 | 25 | 25 | 25 |
Reserves | 957 | 1,142 | 1,415 | 1,631 | 1,539 |
264 | 268 | 499 | 696 | 602 | |
406 | 532 | 794 | 649 | 623 | |
Total Liabilities | 1,652 | 1,967 | 2,733 | 3,001 | 2,790 |
481 | 633 | 735 | 999 | 945 | |
CWIP | 101 | 112 | 187 | 145 | 148 |
Investments | 192 | 306 | 348 | 443 | 575 |
879 | 916 | 1,463 | 1,414 | 1,122 | |
Total Assets | 1,652 | 1,967 | 2,733 | 3,001 | 2,790 |
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% |
Documents
Announcements
- Board Meeting Intimation for Consideration Of Un-Audited Financial Results For The Quarter Ended On 30.06.2024 17 Jul
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Jul - Meghmani Organics Limited submits Certificate under regulation 74(5) of SEBI (DP) Regulations 2018
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Updates Under Regulation 17(1A) Of The SEBI (LODR) Regulations, 2015
12 Jul - Shareholders have passed the special resolution under Regulation 17(1A) of SEBI(LODR) Regulations,2015 to continue Mr. Manubhai Patel (DIN:00132045) on attaining age of 75 years
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 11 Jul
- Shareholder Meeting / Postal Ballot-Outcome of AGM 9 Jul
Annual reports
Concalls
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May 2024Transcript PPT
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Jan 2023TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptPPT
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Nov 2021Transcript PPT
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Oct 2021TranscriptNotesPPT
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Aug 2021Transcript PPT
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]