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)

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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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

Cash Flows 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
-80 55 81 126 134 205 136 252 201 259 405 375
-7 -313 -114 -119 -75 -94 -46 -59 -73 -96 -274 -291
107 289 31 9 -50 -132 -60 -213 -134 -164 -128 45
Net Cash Flow 20 30 -1 16 8 -21 30 -19 -6 -1 2 129

Ratios 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
ROCE % 11% 12% 9% 8% 8% 10% 10% 12% 18% 18% 30% 33%
Debtor Days 163 131 141 120 114 117 109 89 90 85 76 75
Inventory Turnover 6.38 7.58 6.48 7.18 6.54 5.99 5.47 5.56 5.04 5.12 7.07 6.15