Meghmani Organics Ltd

₹ 111 -0.09%
02 Dec - close price
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 Overview:[1]
The company’s operation includes manufacture and marketing of technical, intermediates, and formulation of Crop Protection Chemicals for its Agro-Chemical business and Phthalocyanine Green 7, Copper Phthalocyanine Blue (CPC), Alpha Blue, Beta Blue for its Pigments business

  • Market Cap 2,827 Cr.
  • Current Price 111
  • High / Low 152 / 88.5
  • Stock P/E 7.80
  • Book Value 62.6
  • Dividend Yield 1.26 %
  • ROCE 24.5 %
  • ROE 23.2 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 138 to 79.5 days.
  • Company's working capital requirements have reduced from 143 days to 101 days

Cons

* 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

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
294 425 445 459 496 546 639 813 783 655
239 324 355 425 408 468 562 676 649 570
Operating Profit 55 101 90 34 87 78 77 137 134 85
OPM % 19% 24% 20% 7% 18% 14% 12% 17% 17% 13%
2 1 10 18 28 21 26 27 38 26
Interest 6 2 12 -9 9 -4 -3 7 9 -3
Depreciation 12 12 12 14 15 15 15 15 16 16
Profit before tax 38 88 76 47 91 88 92 141 146 97
Tax % 26% 26% 26% 25% 25% 26% 26% 24% 22% 25%
Net Profit 28 66 56 35 68 65 68 107 114 73
EPS in Rs 5,696.00 13,106.00 11,136.00 7,064.00 2.68 2.55 2.67 4.21 4.48 2.89
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 TTM
693 1,623 2,494 2,891
589 1,343 2,114 2,458
Operating Profit 104 281 380 433
OPM % 15% 17% 15% 15%
138 30 102 116
Interest 18 11 9 10
Depreciation 22 51 60 62
Profit before tax 201 249 412 478
Tax % 22% 26% 25%
Net Profit 157 185 308 362
EPS in Rs 31,328.00 37,002.00 12.11 14.25
Dividend Payout % 16% 19% 12%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 49%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 69%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 2%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Sep 2022
25 25 25 25
Reserves 957 1,142 1,415 1,567
264 268 499 632
406 532 794 894
Total Liabilities 1,652 1,967 2,733 3,119
481 633 735 733
CWIP 101 112 187 363
Investments 192 306 348 414
879 916 1,463 1,609
Total Assets 1,652 1,967 2,733 3,119

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022
18 333 69
16 -306 -267
-26 -14 187
Net Cash Flow 8 13 -11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022
Debtor Days 244 91 79
Inventory Days 266 152 158
Days Payable 211 138 144
Cash Conversion Cycle 300 105 93
Working Capital Days 239 88 101
ROCE % 19% 24%

Shareholding Pattern

Numbers in percentages

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
51.51 49.36 49.41 49.29 49.37
1.34 1.25 1.25 1.44 1.64
0.00 0.00 0.00 0.00 0.08
0.00 0.00 0.04 0.05 0.05
47.14 49.38 49.29 49.23 48.87

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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