Meghmani Organics Ltd

Meghmani Organics is engaged in Manufacture of Pigment and its intermediates, Agrochemicals its Intermediates, Formulation in Bulk and Small.(Source : 201903 Annual Report Page No: 246)

Market Cap: 1,255 Cr.
Current Price: 49.35
52 weeks High / Low 83.50 / 40.60
Book Value: 39.47
Stock P/E: 4.90
Dividend Yield: 2.03 %
ROCE: 32.54 %
ROE: 28.37 %
Sales Growth (3Yrs): 16.16 %
Listed on BSE and NSE
Company Website
Face Value: 1.00

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Pros:

Company has good consistent profit growth of 63.30% over 5 years

Cons:

Peer Comparison Sector: Agro Chemicals // Industry: Pesticides / Agrochemicals - Indian

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Detailed Comparison with:

Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019
	388	321	354	421	461	450	471	476	501	552	558	616
	309	260	280	330	358	333	351	352	385	407	399	481
Operating Profit	79	61	74	91	103	117	120	124	117	145	159	135
OPM %	20%	19%	21%	22%	22%	26%	25%	26%	23%	26%	28%	22%
Other Income	-1	7	-3	4	11	2	13	14	17	4	-18	4
Interest	13	13	10	11	10	10	9	13	17	8	18	7
Depreciation	24	19	22	23	24	24	24	24	24	25	24	22
Profit before tax	41	36	38	62	80	84	100	100	93	117	99	110
Tax %	21%	25%	25%	30%	31%	26%	23%	23%	33%	32%	22%	29%
Net Profit	33	20	24	33	45	44	50	64	55	66	66	57
EPS in Rs	0.99	0.78	0.93	1.29	1.76	1.71	1.97	2.50	2.16	2.61	2.61	2.24
	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	TTM
	594	791	816	1,045	1,062	1,058	1,178	1,294	1,332	1,420	1,800	2,088	2,228
	539	702	693	896	904	873	983	1,078	1,063	1,131	1,365	1,540	1,672
Operating Profit	54	89	124	149	158	186	196	217	269	288	434	548	556
OPM %	9%	11%	15%	14%	15%	18%	17%	17%	20%	20%	24%	26%	25%
Other Income	17	2	18	8	13	12	6	-7	17	9	26	14	7
Interest	16	26	42	54	74	64	68	75	63	51	40	56	50
Depreciation	15	17	51	69	75	75	80	75	77	91	95	97	95
Profit before tax	41	48	48	34	23	58	54	60	146	156	326	409	418
Tax %	24%	23%	18%	13%	84%	51%	34%	23%	24%	25%	27%	28%
Net Profit	31	37	52	38	3	17	23	44	82	88	171	251	244
EPS in Rs	1.16	1.40	1.97	1.43	0.12	0.66	0.88	1.56	3.24	3.45	6.74	9.88	9.62
Dividend Payout %	25%	23%	20%	27%	73%	15%	11%	23%	9%	12%	6%	10%

* Sales is net of excise duty and discounts

Compounded Sales Growth
10 Years:	10.19%
5 Years:	12.12%
3 Years:	16.16%
TTM:	19.86%

Compounded Profit Growth
10 Years:	17.24%
5 Years:	63.30%
3 Years:	44.01%
TTM:	20.95%

Stock Price CAGR
10 Years:	10.64%
5 Years:	24.42%
3 Years:	0.31%
1 Year:	-37.37%

Return on Equity
10 Years:	13.61%
5 Years:	19.05%
3 Years:	22.04%
Last Year:	28.37%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
	25	25	25	25	25	25	25	25	25	25	25	25
Reserves	375	403	442	469	451	477	493	526	606	693	845	978
Borrowings	209	569	639	715	763	717	754	644	578	461	386	716
	152	266	284	301	298	355	406	358	330	406	562	657
Total Liabilities	761	1,263	1,391	1,510	1,536	1,574	1,678	1,553	1,539	1,585	1,818	2,377
	175	199	641	654	656	623	689	781	735	778	795	737
CWIP	37	418	44	56	86	165	126	23	92	19	103	518
Investments	5	41	19	36	20	25	1	24	1	29	72	1
	544	604	687	764	775	761	862	725	711	759	848	1,122
Total Assets	761	1,263	1,391	1,510	1,536	1,574	1,678	1,553	1,539	1,585	1,818	2,377