Meghmani Organics Ltd

Meghmani Organics Ltd

₹ 85.3 1.83%
14 Jun - 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
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]

  • Market Cap 2,170 Cr.
  • Current Price 85.3
  • High / Low 104 / 71.4
  • Stock P/E
  • Book Value 61.5
  • Dividend Yield 1.64 %
  • ROCE -1.36 %
  • ROE -3.51 %
  • Face Value 1.00

Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 11.1% over last 3 years.
  • Earnings include an other income of Rs.42.9 Cr.

* 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 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
459.21 495.67 545.68 639.24 813.37 783.08 655.19 553.84 564.63 421.54 373.96 344.54 399.81
425.42 408.28 467.93 561.84 676.48 648.96 570.37 492.46 480.96 436.64 359.16 344.90 389.69
Operating Profit 33.79 87.39 77.75 77.40 136.89 134.12 84.82 61.38 83.67 -15.10 14.80 -0.36 10.12
OPM % 7.36% 17.63% 14.25% 12.11% 16.83% 17.13% 12.95% 11.08% 14.82% -3.58% 3.96% -0.10% 2.53%
18.19 28.32 21.09 26.33 26.60 37.54 25.85 23.98 8.59 6.61 12.66 9.74 13.93
Interest -9.15 9.45 -3.53 -3.33 6.75 9.34 -2.84 43.33 14.58 3.91 11.56 26.27 1.69
Depreciation 13.75 15.30 14.58 14.86 15.25 15.83 16.07 15.83 20.37 21.36 20.45 20.87 20.46
Profit before tax 47.38 90.96 87.79 92.20 141.49 146.49 97.44 26.20 57.31 -33.76 -4.55 -37.76 1.90
Tax % 25.45% 25.10% 26.06% 26.30% 24.39% 22.21% 24.64% 31.60% 21.34% 25.09% 20.00% 27.86% 121.05%
35.32 68.13 64.91 67.95 106.98 113.95 73.43 17.93 45.08 -25.29 -3.64 -27.23 -0.40
EPS in Rs 7,064.00 2.68 2.55 2.67 4.21 4.48 2.89 0.71 1.77 -0.99 -0.14 -1.07 -0.02
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
693 1,623 2,494 2,557 1,540
589 1,343 2,114 2,192 1,530
Operating Profit 104 281 380 365 9
OPM % 15% 17% 15% 14% 1%
138 30 102 95 43
Interest 18 11 9 64 43
Depreciation 22 51 60 68 83
Profit before tax 201 249 412 327 -74
Tax % 22% 26% 25% 24% 24%
157 185 308 250 -57
EPS in Rs 31,328.00 37,002.00 12.11 9.85 -2.22
Dividend Payout % 16% 19% 12% 14% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -2%
TTM: -40%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -123%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -2%
Return on Equity
10 Years: %
5 Years: %
3 Years: 11%
Last Year: -4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 25 25 25 25 25
Reserves 957 1,142 1,415 1,631 1,539
264 268 499 696 602
406 532 794 649 623
Total Liabilities 1,652 1,967 2,733 3,001 2,790
481 633 735 999 957
CWIP 101 112 187 145 135
Investments 192 306 348 443 575
879 916 1,463 1,414 1,122
Total Assets 1,652 1,967 2,733 3,001 2,790

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

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

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 244 91 79 77 103
Inventory Days 266 152 158 149 175
Days Payable 211 138 144 106 174
Cash Conversion Cycle 300 105 93 120 104
Working Capital Days 239 88 101 113 124
ROCE % 19% 24% 18%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.51% 49.36% 49.41% 49.29% 49.37% 49.37% 49.48% 49.50% 49.32% 49.32% 49.32%
1.34% 1.25% 1.25% 1.44% 1.64% 1.57% 1.53% 1.50% 1.34% 1.30% 1.52%
0.00% 0.00% 0.00% 0.00% 0.08% 0.34% 0.45% 0.45% 0.61% 0.26% 0.20%
0.00% 0.00% 0.04% 0.05% 0.05% 0.05% 0.05% 0.04% 0.04% 0.04% 0.04%
47.14% 49.38% 49.29% 49.23% 48.87% 48.69% 48.50% 48.51% 48.69% 49.09% 48.93%
No. of Shareholders 1,18,9781,26,6141,27,3061,29,4061,30,9921,28,5071,27,1981,31,3361,40,6721,40,8291,52,703

* 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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