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: 1,972 Cr.
  • Current Price: 77.55
  • 52 weeks High / Low 85.20 / 31.80
  • Book Value: 47.54
  • Stock P/E: 7.64
  • Dividend Yield: 1.29 %
  • ROCE: 22.38 %
  • ROE: 26.12 %
  • Sales Growth (3Yrs): 15.57 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 1.00
Edit ratios
Pros:
Company has delivered good profit growth of 39.04% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 29.59%
Cons:
Company might be capitalizing the interest cost

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

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
461 450 471 476 501 552 558 616 532 522 520 428
358 333 351 352 385 407 399 481 422 418 436 332
Operating Profit 103 117 120 124 117 145 159 135 110 105 84 96
OPM % 22% 26% 25% 26% 23% 26% 28% 22% 21% 20% 16% 23%
Other Income 11 2 13 14 17 4 -18 4 18 8 26 3
Interest 10 10 9 13 17 8 18 7 6 14 16 10
Depreciation 24 24 24 24 24 25 24 22 22 22 22 23
Profit before tax 80 84 100 100 93 117 99 110 100 77 73 66
Tax % 31% 26% 23% 23% 33% 32% 22% 29% 3% 26% 21% 29%
Net Profit 45 44 50 64 55 66 66 57 84 48 51 39
EPS in Rs 1.76 1.71 1.97 2.50 2.16 2.61 2.61 2.24 3.31 1.87 2.02 1.54
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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

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
791 816 1,045 1,062 1,058 1,178 1,294 1,332 1,420 1,800 2,088 2,191 2,003
702 693 896 904 873 983 1,078 1,063 1,131 1,365 1,540 1,757 1,608
Operating Profit 89 124 149 158 186 196 217 269 288 434 548 434 395
OPM % 11% 15% 14% 15% 18% 17% 17% 20% 20% 24% 26% 20% 20%
Other Income 2 18 8 13 12 6 -7 17 9 26 14 56 55
Interest 26 42 54 74 64 68 75 63 51 40 56 43 46
Depreciation 17 51 69 75 75 80 75 77 91 95 97 89 90
Profit before tax 48 48 34 23 58 54 60 146 156 326 409 359 315
Tax % 23% 18% 13% 84% 51% 34% 23% 24% 25% 27% 28% 20%
Net Profit 37 52 38 3 17 23 44 82 88 171 251 240 222
EPS in Rs 1.40 1.97 1.43 0.12 0.66 0.88 1.56 3.24 3.45 6.74 9.88 9.44 8.74
Dividend Payout % 23% 20% 27% 73% 15% 11% 23% 9% 12% 6% 10% 11%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:10.38%
5 Years:11.11%
3 Years:15.57%
TTM:-10.09%
Compounded Profit Growth
10 Years:21.27%
5 Years:39.04%
3 Years:34.54%
TTM:-16.22%
Stock Price CAGR
10 Years:14.51%
5 Years:32.28%
3 Years:-0.80%
1 Year:40.87%
Return on Equity
10 Years:18.62%
5 Years:26.23%
3 Years:29.59%
Last Year:26.12%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
25 25 25 25 25 25 25 25 25 25 25 25
Reserves 403 442 469 451 477 493 526 606 693 845 978 1,184
Borrowings 569 639 715 763 717 754 644 578 461 386 716 661
264 242 257 246 321 391 346 384 401 555 657 867
Total Liabilities 1,261 1,349 1,466 1,485 1,540 1,663 1,542 1,594 1,580 1,811 2,376 2,737
199 641 654 656 623 689 781 735 778 795 737 931
CWIP 418 44 56 86 165 126 23 92 19 103 518 787
Investments 41 19 36 20 25 1 24 1 29 72 1 1
602 645 720 724 728 848 713 766 754 841 1,122 1,018
Total Assets 1,261 1,349 1,466 1,485 1,540 1,663 1,542 1,594 1,580 1,811 2,376 2,737

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
55 81 126 134 205 136 252 201 259 405 375 404
-313 -114 -119 -75 -94 -46 -59 -73 -96 -274 -291 -481
289 31 9 -50 -132 -60 -213 -134 -164 -128 45 -48
Net Cash Flow 30 -1 16 8 -21 30 -19 -6 -1 2 129 -125

Ratios Consolidated Figures in Rs. Crores / View Standalone

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 % 12% 9% 8% 8% 10% 10% 12% 18% 18% 30% 33% 22%
Debtor Days 131 141 120 114 117 109 89 90 85 76 75 88
Inventory Turnover 5.41 4.60 5.03 4.42 3.90 3.62 3.72 3.08 3.21 4.04 3.38 3.25

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
50.93 50.48 50.39 50.29 50.31 50.68 50.68 50.76 50.92 50.91 51.28 51.29
4.16 5.04 3.59 3.49 3.05 2.47 1.88 2.65 2.57 2.04 1.96 1.59
0.66 0.77 0.66 0.59 0.56 0.22 0.26 0.31 0.22 0.16 0.17 0.17
0.00 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
44.26 43.67 45.36 45.63 46.08 46.63 47.18 46.27 46.29 46.89 46.59 46.95