Meghmani Organics Ltd

Meghmani Organi. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Meghmani Organics Ltd

₹ 81.8 -0.30%
30 May - close price
meghmani.com BSE: 543331 NSE : MOL
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
The Company’s operation includes manufacture and marketing of technical, intermediates and formulation of Crop Protection Chemicals for its Agro-Chemicals segment and Phthalocyanine Green 7, Copper Phthalocyanine Blue (CPC), Alpha Blue and Beta Blue for its Pigments segment. [1]

Website BSE NSE
  • Market Cap ₹ 2,080 Cr.
  • Current Price ₹ 81.8
  • High / Low ₹ 148 / 75.3
  • Stock P/E 8.31
  • Book Value ₹ 65.1
  • Dividend Yield 1.71 %
  • ROCE 18.3 %
  • ROE 16.2 %
  • Face Value ₹ 1.00
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Pros

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.

Peer comparison

Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian

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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 Dec 2022 Mar 2023
294 425 445 459 496 546 639 813 783 655 554 565
239 324 355 425 408 468 562 676 649 570 492 481
Operating Profit 55 101 90 34 87 78 77 137 134 85 61 84
OPM % 19% 24% 20% 7% 18% 14% 12% 17% 17% 13% 11% 15%
2 1 10 18 28 21 26 27 38 26 24 9
Interest 6 2 12 -9 9 -4 -3 7 9 -3 43 15
Depreciation 12 12 12 14 15 15 15 15 16 16 16 20
Profit before tax 38 88 76 47 91 88 92 141 146 97 26 57
Tax % 26% 26% 26% 25% 25% 26% 26% 24% 22% 25% 32% 21%
Net Profit 28 66 56 35 68 65 68 107 114 73 18 45
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 0.71 1.77
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023
693 1,623 2,494 2,557
589 1,343 2,114 2,193
Operating Profit 104 281 380 364
OPM % 15% 17% 15% 14%
138 30 102 96
Interest 18 11 9 64
Depreciation 22 51 60 68
Profit before tax 201 249 412 327
Tax % 22% 26% 25% 24%
Net Profit 157 185 308 250
EPS in Rs 31,328.00 37,002.00 12.11 9.85
Dividend Payout % 16% 19% 12% 14%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 55%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 39%
TTM: -17%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -33%
Return on Equity
10 Years: %
5 Years: %
3 Years: 19%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023
25 25 25 25
Reserves 957 1,142 1,415 1,631
264 268 499 696
406 532 794 649
Total Liabilities 1,652 1,967 2,733 3,001
481 633 735 1,009
CWIP 101 112 187 135
Investments 192 306 348 443
879 916 1,463 1,414
Total Assets 1,652 1,967 2,733 3,001

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023
18 333 69 264
16 -306 -267 -356
-26 -14 187 111
Net Cash Flow 8 13 -11 19

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 244 91 79 77
Inventory Days 266 152 158 149
Days Payable 211 138 144 106
Cash Conversion Cycle 300 105 93 120
Working Capital Days 239 88 101 117
ROCE % 19% 24% 18%

Shareholding Pattern

Numbers in percentages

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
51.51 49.36 49.41 49.29 49.37 49.37 49.48
1.34 1.25 1.25 1.44 1.64 1.57 1.53
0.00 0.00 0.00 0.00 0.08 0.34 0.45
0.00 0.00 0.04 0.05 0.05 0.05 0.05
47.14 49.38 49.29 49.23 48.87 48.69 48.50

* 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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