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 ₹ 2,110 Cr.
- Current Price ₹ 83.0
- High / Low ₹ 104 / 71.7
- Stock P/E
- Book Value ₹ 61.5
- Dividend Yield 1.69 %
- ROCE -1.36 %
- ROE -3.51 %
- 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.
- Earnings include an other income of Rs.42.9 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 | |
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693 | 1,623 | 2,494 | 2,557 | 1,540 | |
589 | 1,343 | 2,114 | 2,192 | 1,530 | |
Operating Profit | 104 | 281 | 380 | 365 | 9 |
OPM % | 15% | 17% | 15% | 14% | 1% |
138 | 30 | 102 | 95 | 43 | |
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: | 2% |
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 | 957 | |
CWIP | 101 | 112 | 187 | 145 | 135 |
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 | 124 |
ROCE % | 19% | 24% | 18% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
15 May - Earnings Call Transcript of Q4 FY2024 Financial Results
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13 May - Audio recording of Earning Call of Q4 FY2024 Financial Results
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 May - Copy of Newspaper publication for Q4FY24 results
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
11 May - Press Release on Financial Results for Q4 and FY2024
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Announcement under Regulation 30 (LODR)-Investor Presentation
11 May - Investor Presentation on Financial Results for Q4 and FY2024
Annual reports
Concalls
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Jan 2023Transcript PPT
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Jan 2023TranscriptNotesPPT
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Oct 2022Transcript PPT
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Jul 2022Transcript PPT
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May 2022Transcript PPT
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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 Overview
The Company’s operation includes manufacture and marketing of technical, intermediates and formulation of Crop Protection Chemicals for its Agro-Chemicals segment and Phthalocyanine Green 7, Copper Phthalocyanine Blue (CPC), Alpha Blue and Beta Blue for its Pigments segment. [1]