Meghmani Organics Ltd

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

Meghmani Organics Ltd

₹ 92.3 -1.34%
21 Nov - close price
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 ₹ 2,347 Cr.
  • Current Price ₹ 92.3
  • High / Low ₹ 116 / 71.4
  • Stock P/E
  • Book Value ₹ 59.0
  • Dividend Yield 0.00 %
  • ROCE -3.13 %
  • ROE -6.71 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 9.24% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.39.4 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

Consolidated Figures in Rs. Crores / View Standalone

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
548.22 640.28 811.81 783.41 645.70 549.43 574.08 425.78 378.72 351.75 410.03 413.88 543.89
469.95 561.89 678.03 651.56 567.32 496.54 496.18 447.87 371.13 359.55 408.01 408.01 513.32
Operating Profit 78.27 78.39 133.78 131.85 78.38 52.89 77.90 -22.09 7.59 -7.80 2.02 5.87 30.57
OPM % 14.28% 12.24% 16.48% 16.83% 12.14% 9.63% 13.57% -5.19% 2.00% -2.22% 0.49% 1.42% 5.62%
21.10 26.33 26.60 37.61 25.85 23.98 27.41 7.01 12.10 9.63 8.95 8.88 11.97
Interest -3.52 -3.33 6.80 9.44 -2.80 43.34 15.75 4.47 12.77 26.63 2.49 10.58 26.22
Depreciation 14.59 15.33 17.42 18.06 18.33 18.09 22.58 23.59 22.71 23.13 22.80 23.48 25.49
Profit before tax 88.30 92.72 136.16 141.96 88.70 15.44 66.98 -43.14 -15.79 -47.93 -14.32 -19.31 -9.17
Tax % 26.09% 26.24% 24.93% 23.18% 25.42% 45.92% 19.15% -20.03% -2.85% -20.26% 25.42% -13.26% 1.09%
65.26 68.38 102.21 109.06 66.15 8.35 54.15 -34.50 -15.34 -38.23 -17.96 -16.76 -9.27
EPS in Rs 2.57 2.69 4.02 4.29 2.60 0.33 2.13 -1.36 -0.60 -1.50 -0.71 -0.66 -0.36
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 6m Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
700 1,637 2,498 2,553 1,566 1,720
595 1,353 2,119 2,211 1,586 1,689
Operating Profit 105 283 379 342 -19 31
OPM % 15% 17% 15% 13% -1% 2%
130 30 102 114 37 39
Interest 18 11 9 66 46 66
Depreciation 22 51 63 77 92 95
Profit before tax 194 252 409 313 -121 -91
Tax % 23% 26% 26% 24% -12%
150 186 304 238 -106 -82
EPS in Rs 29,914.00 37,296.00 11.97 9.35 -4.17 -3.23
Dividend Payout % 17% 19% 12% 15% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -1%
TTM: -11%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -3124%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 3%
1 Year: 27%
Return on Equity
10 Years: %
5 Years: %
3 Years: 9%
Last Year: -7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 25 25 25 25 25 25
Reserves 961 1,148 1,441 1,644 1,502 1,474
264 268 499 824 837 798
407 533 832 705 676 896
Total Liabilities 1,657 1,974 2,798 3,198 3,040 3,194
481 634 911 1,166 1,152 1,622
CWIP 101 112 188 356 521 74
Investments 191 304 211 183 114 44
885 924 1,487 1,494 1,253 1,454
Total Assets 1,657 1,974 2,798 3,198 3,040 3,194

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
22 333 65 204 250
13 -307 -133 -418 -178
-26 -14 58 234 -85
Net Cash Flow 8 12 -10 21 -14

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 241 92 79 75 101
Inventory Days 271 152 161 158 185
Days Payable 209 137 144 108 176
Cash Conversion Cycle 302 106 96 124 109
Working Capital Days 239 89 99 113 134
ROCE % 19% 24% 16% -3%

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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