Meghmani Organics Ltd

Meghmani Organics Ltd

₹ 80.0 0.24%
21 May 4:01 p.m.
About

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.

Key Points

Business Segments
A) Agro Chemicals (68% in FY24 vs 74% in FY23): [1] The co. manufactures and markets technicals, intermediates, and formulation of crop protection chemicals. Products include Insecticides, Herbicides, and Fungicides. Key intermediates are cypermethrin acid chloride, meta phenoxy benzaldehyde, and meta phenoxy benzyl alcohol. [2] [3]

  • Market Cap 2,034 Cr.
  • Current Price 80.0
  • High / Low 116 / 56.1
  • Stock P/E 30.6
  • Book Value 64.2
  • Dividend Yield 0.00 %
  • ROCE 6.32 %
  • ROE 4.16 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of 5.44% over last 3 years.
  • Contingent liabilities of Rs.621 Cr.
  • Dividend payout has been low at 4.74% of profits over last 3 years

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
813 783 655 554 565 422 374 345 400 411 533 558 502
676 649 570 492 481 437 359 345 390 397 491 498 438
Operating Profit 137 134 85 61 84 -15 15 -0 10 14 41 60 65
OPM % 17% 17% 13% 11% 15% -4% 4% -0% 3% 3% 8% 11% 13%
27 38 26 24 9 7 13 10 14 7 13 10 14
Interest 7 9 -3 43 15 4 12 26 2 9 24 6 14
Depreciation 15 16 16 16 20 21 20 21 20 21 22 22 22
Profit before tax 141 146 97 26 57 -34 -5 -38 2 -9 8 42 44
Tax % 24% 22% 25% 32% 21% -25% -20% -28% 121% -31% -4% 28% 22%
107 114 73 18 45 -25 -4 -27 -0 -6 9 30 34
EPS in Rs 4.21 4.48 2.89 0.71 1.77 -0.99 -0.14 -1.07 -0.02 -0.25 0.34 1.19 1.34
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 6m Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
693 1,623 2,494 2,557 1,540 2,004
589 1,343 2,114 2,192 1,529 1,824
Operating Profit 104 281 380 365 10 180
OPM % 15% 17% 15% 14% 1% 9%
138 30 102 95 42 44
Interest 18 11 9 64 43 53
Depreciation 22 51 60 68 83 86
Profit before tax 201 249 412 327 -74 85
Tax % 22% 26% 25% 24% -24% 22%
157 185 308 250 -57 66
EPS in Rs 31,328.00 37,002.00 12.11 9.85 -2.22 2.61
Dividend Payout % 16% 19% 12% 14% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 24%
3 Years: -7%
TTM: 30%
Compounded Profit Growth
10 Years: %
5 Years: -7%
3 Years: -40%
TTM: 215%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -14%
1 Year: -2%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 5%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 25 25 25 25 25 25
Reserves 957 1,142 1,415 1,631 1,539 1,607
264 268 499 696 602 576
406 532 794 649 623 672
Total Liabilities 1,652 1,967 2,733 3,001 2,790 2,879
481 633 735 999 945 970
CWIP 101 112 187 145 148 67
Investments 192 306 348 443 575 591
879 916 1,463 1,414 1,122 1,252
Total Assets 1,652 1,967 2,733 3,001 2,790 2,879

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
18 333 69 264 339 125
16 -306 -267 -356 -176 -41
-26 -14 187 111 -177 -80
Net Cash Flow 8 13 -11 19 -13 5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 244 91 79 77 103 96
Inventory Days 266 152 158 149 175 164
Days Payable 211 138 144 106 174 148
Cash Conversion Cycle 300 105 93 120 104 112
Working Capital Days 239 88 101 113 120 107
ROCE % 19% 24% 18% -1% 6%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
49.29% 49.37% 49.37% 49.48% 49.50% 49.32% 49.32% 49.32% 49.32% 49.33% 49.33% 49.41%
1.44% 1.64% 1.57% 1.53% 1.50% 1.34% 1.30% 1.52% 1.39% 2.22% 1.90% 1.81%
0.00% 0.08% 0.34% 0.45% 0.45% 0.61% 0.26% 0.20% 0.20% 0.42% 0.27% 0.48%
0.05% 0.05% 0.05% 0.05% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
49.23% 48.87% 48.69% 48.50% 48.51% 48.69% 49.09% 48.93% 49.05% 47.98% 48.46% 48.24%
No. of Shareholders 1,29,4061,30,9921,28,5071,27,1981,31,3361,40,6721,40,8291,52,7031,46,0101,28,8751,27,3921,26,617

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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