Meghmani Organics Ltd
Meghmani 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. #
In 2009 Meghmani also commissioned its caustic soda plant, which has the capacity of 187,600 tonnes per annum and is powered by a 60-megawatt captive power plant. #
Pigments (29% of revenue) #
The company is amongst the top 3 global Phthalocyanine based pigment players. 14% global market share.
3 vertically integrated Manufacturing facilities #
The company is trying to expand into new geographies and explore new pigments. The company has strong client relationships (90% business from repeat clients). The high degree of product customization, consistent quality, and compliance regulations add to client stickiness
Agrochemicals (44% of revenue) #
The company is one of the largest producers of pesticides in India. Major products are 2,4-D, Cypermethrin, Permethrin, Bifenthrin, Lambda-cyhalothrin, Profenophos, and Chlorpyrifos.
Company has presence in 17 states with 3000 dealer network.
The company is doubling its 2,4-D capacity with investment of 127 Cr and investing 25 Cr to expand formulation plant. Also setting up a multipurpose plant by investing 310 Cr by Q4FY22. #
Chloro Alkali & its Derivatives (27% of revenue) #
The company is the 4th largest Chloro-Alkali producer in India.
Investing 695 Cr for setting up backward integrated ECH, CPVC resin, and additional Caustic Soda capacity & CPP project to ensure continual growth.
- Market Cap ₹ 2,060 Cr.
- Current Price ₹ 81.0
- High / Low ₹ 89.9 / 31.8
- Stock P/E 9.66
- Book Value ₹ 42.6
- Dividend Yield 1.23 %
- ROCE 22.2 %
- ROE 21.2 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 46.04% CAGR over last 5 years
Cons
- No cons found. Suggest something.
Peer comparison
Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
280 | 310 | 354 | 370 | 377 | 451 | 390 | 378 | 405 | 295 | 426 | 445 | |
257 | 260 | 294 | 317 | 307 | 393 | 329 | 315 | 352 | 240 | 324 | 355 | |
Operating Profit | 23 | 50 | 60 | 53 | 70 | 59 | 61 | 63 | 53 | 55 | 101 | 90 |
OPM % | 8% | 16% | 17% | 14% | 19% | 13% | 16% | 17% | 13% | 19% | 24% | 20% |
Other Income | 12 | 73 | 16 | 2 | -9 | 3 | 16 | 8 | 51 | 2 | 1 | 10 |
Interest | 7 | 12 | 16 | 7 | 10 | 7 | 5 | 10 | 10 | 6 | 2 | 12 |
Depreciation | 11 | 11 | 12 | 12 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 12 |
Profit before tax | 16 | 99 | 48 | 36 | 39 | 44 | 60 | 49 | 82 | 38 | 88 | 76 |
Tax % | 28% | 14% | 35% | 38% | 23% | 35% | -3% | 28% | 18% | 25% | 26% | 26% |
Net Profit | 12 | 85 | 31 | 22 | 30 | 28 | 62 | 35 | 68 | 29 | 66 | 56 |
EPS in Rs | 0.47 | 3.35 | 1.23 | 0.87 | 1.18 | 1.11 | 2.43 | 1.39 | 2.65 | 1.13 | 2.59 | 2.20 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
768 | 729 | 865 | 822 | 750 | 893 | 948 | 959 | 1,046 | 1,234 | 1,410 | 1,625 | 1,570 | |
670 | 637 | 774 | 747 | 697 | 816 | 850 | 847 | 913 | 1,060 | 1,194 | 1,387 | 1,271 | |
Operating Profit | 98 | 93 | 91 | 75 | 53 | 77 | 98 | 112 | 133 | 174 | 216 | 238 | 300 |
OPM % | 13% | 13% | 11% | 9% | 7% | 9% | 10% | 12% | 13% | 14% | 15% | 15% | 19% |
Other Income | 3 | 22 | 7 | 9 | 9 | 4 | 17 | 16 | 7 | 21 | 98 | 77 | 65 |
Interest | 24 | 14 | 17 | 28 | 27 | 35 | 48 | 41 | 36 | 31 | 46 | 31 | 31 |
Depreciation | 15 | 17 | 20 | 26 | 26 | 31 | 35 | 36 | 38 | 43 | 46 | 48 | 49 |
Profit before tax | 62 | 84 | 60 | 30 | 9 | 15 | 32 | 50 | 65 | 121 | 222 | 235 | 285 |
Tax % | 19% | 26% | 21% | 46% | 34% | 21% | 19% | 27% | 37% | 37% | 24% | 18% | |
Net Profit | 51 | 62 | 47 | 17 | 6 | 12 | 26 | 36 | 42 | 77 | 169 | 193 | 218 |
EPS in Rs | 1.99 | 2.42 | 1.86 | 0.65 | 0.23 | 0.46 | 1.03 | 1.43 | 1.63 | 3.02 | 6.63 | 7.59 | 8.57 |
Dividend Payout % | 17% | 17% | 22% | 15% | 44% | 22% | 39% | 21% | 24% | 13% | 15% | 13% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 11% |
3 Years: | 16% |
TTM: | -2% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 46% |
3 Years: | 64% |
TTM: | 28% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 32% |
3 Years: | -4% |
1 Year: | 57% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 14% |
3 Years: | 18% |
Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | |
Reserves | 423 | 472 | 508 | 502 | 509 | 514 | 541 | 566 | 607 | 672 | 813 | 965 | 1,059 |
Borrowings | 190 | 249 | 324 | 327 | 376 | 435 | 387 | 388 | 338 | 421 | 327 | 264 | 240 |
156 | 163 | 177 | 179 | 219 | 265 | 201 | 217 | 221 | 259 | 339 | 389 | 445 | |
Total Liabilities | 795 | 909 | 1,034 | 1,033 | 1,130 | 1,240 | 1,155 | 1,197 | 1,192 | 1,378 | 1,504 | 1,644 | 1,770 |
141 | 146 | 191 | 248 | 257 | 371 | 388 | 383 | 384 | 448 | 439 | 481 | 488 | |
CWIP | 9 | 43 | 46 | 53 | 89 | 21 | 16 | 23 | 16 | 25 | 49 | 101 | 159 |
Investments | 110 | 130 | 148 | 114 | 138 | 138 | 139 | 125 | 125 | 234 | 183 | 183 | 214 |
534 | 590 | 649 | 618 | 646 | 710 | 613 | 667 | 667 | 672 | 832 | 879 | 910 | |
Total Assets | 795 | 909 | 1,034 | 1,033 | 1,130 | 1,240 | 1,155 | 1,197 | 1,192 | 1,378 | 1,504 | 1,644 | 1,770 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
99 | 37 | 77 | 81 | 68 | 48 | 142 | 79 | 115 | 178 | 115 | 234 | |
-27 | -74 | -106 | -34 | -59 | -80 | -32 | -33 | -28 | -218 | -59 | -93 | |
-26 | 36 | 41 | -46 | -16 | 41 | -104 | -49 | -88 | 40 | -56 | -134 | |
Net Cash Flow | 46 | -1 | 11 | 1 | -7 | 8 | 5 | -3 | -0 | 0 | 1 | 6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 18% | 14% | 10% | 7% | 4% | 5% | 9% | 10% | 11% | 15% | 20% | 22% |
Debtor Days | 141 | 162 | 137 | 143 | 160 | 135 | 116 | 112 | 104 | 90 | 92 | 104 |
Inventory Turnover | 5.82 | 4.74 | 5.07 | 4.56 | 3.93 | 3.68 | 3.47 | 2.89 | 3.06 | 3.63 | 3.03 | 3.33 |
Documents
Add documentRecent announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Feb
- Announcement under Regulation 30 (LODR)-Investor Presentation 15 Feb
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Feb
- Announcement under Regulation 30 (LODR)-Investor Presentation 11 Feb
- Unaudited Financial Results (Consolidated & Standalone) Of The Third Quarter & Nine Months Ended On 31St December, 2020 With Limited Review Report. 8 Feb
View all
Annual reports
- Financial Year 2020 from bse
- Financial Year 2019 from bse
- Financial Year 2018 from bse
- Financial Year 2017 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2013 from nse
- Financial Year 2012 from bse
- Financial Year 2011 from bse
- Financial Year 2010 from bse
- Financial Year 2009 from nse