Meghmani Organics Ltd
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.
- Market Cap ₹ 2,973 Cr.
- Current Price ₹ 117
- High / Low ₹ 152 / 80.8
- Stock P/E 9.97
- Book Value ₹ 57.6
- Dividend Yield 1.20 %
- ROCE 24.1 %
- ROE 22.6 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Debtor days have improved from 137.15 to 79.30 days.
Cons
- Company might be capitalizing the interest cost
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|
700 | 1,637 | 2,498 | |
595 | 1,353 | 2,119 | |
Operating Profit | 105 | 283 | 379 |
OPM % | 15% | 17% | 15% |
130 | 30 | 102 | |
Interest | 18 | 11 | 9 |
Depreciation | 22 | 51 | 63 |
Profit before tax | 194 | 252 | 409 |
Tax % | 23% | 26% | 26% |
Net Profit | 150 | 186 | 304 |
EPS in Rs | 29,914.00 | 37,296.00 | 11.97 |
Dividend Payout % | 17% | 19% | 12% |
Compounded Sales Growth | |
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TTM: | 53% |
Compounded Profit Growth | |
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3 Years: | % |
TTM: | 65% |
Stock Price CAGR | |
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Return on Equity | |
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Last Year: | 23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|
25 | 25 | 25 | |
Reserves | 961 | 1,148 | 1,441 |
264 | 268 | 499 | |
407 | 533 | 832 | |
Total Liabilities | 1,657 | 1,974 | 2,798 |
481 | 634 | 911 | |
CWIP | 101 | 112 | 188 |
Investments | 191 | 304 | 211 |
885 | 924 | 1,487 | |
Total Assets | 1,657 | 1,974 | 2,798 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|
22 | 333 | 65 | |
13 | -307 | -133 | |
-26 | -14 | 58 | |
Net Cash Flow | 8 | 12 | -10 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|
Debtor Days | 241 | 92 | 79 |
Inventory Days | 271 | 152 | 161 |
Days Payable | 209 | 137 | 144 |
Cash Conversion Cycle | 302 | 106 | 96 |
Working Capital Days | 239 | 89 | 99 |
ROCE % | 19% | 24% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Senior Management Team of the Company had meeting with Ananta Capital today.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 Jun - Senior Management Team of the Company will participate Motilal Oswal Ideation Conference scheduled on June 08, 2022 at Mumbai.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Jun - Newspaper Advertisement for 3rd Annual General Meeting (AGM), Record Date and e-voting and Dividend information
- 3Rd Annual General Meeting On Monday, June 27, 2022 At 12:00 Noon IST. 3 Jun
- Reg. 34 (1) Annual Report. 3 Jun
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