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 ₹ 2,182 Cr.
- Current Price ₹ 85.8
- High / Low ₹ 152 / 84.4
- Stock P/E 7.64
- Book Value ₹ 63.1
- Dividend Yield 1.63 %
- ROCE 24.1 %
- ROE 22.6 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Debtor days have improved from 137 to 79.3 days.
- Company's working capital requirements have reduced from 142 days to 99.0 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 | TTM | |
---|---|---|---|---|
700 | 1,637 | 2,498 | 2,790 | |
595 | 1,353 | 2,119 | 2,393 | |
Operating Profit | 105 | 283 | 379 | 397 |
OPM % | 15% | 17% | 15% | 14% |
130 | 30 | 102 | 114 | |
Interest | 18 | 11 | 9 | 57 |
Depreciation | 22 | 51 | 63 | 72 |
Profit before tax | 194 | 252 | 409 | 382 |
Tax % | 23% | 26% | 26% | |
Net Profit | 150 | 186 | 304 | 286 |
EPS in Rs | 29,914.00 | 37,296.00 | 11.97 | 11.24 |
Dividend Payout % | 17% | 19% | 12% |
Compounded Sales Growth | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 30% |
Compounded Profit Growth | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 22% |
Stock Price CAGR | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -18% |
Return on Equity | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|
25 | 25 | 25 | 25 | |
Reserves | 961 | 1,148 | 1,441 | 1,580 |
264 | 268 | 499 | 665 | |
407 | 533 | 832 | 958 | |
Total Liabilities | 1,657 | 1,974 | 2,798 | 3,228 |
481 | 634 | 911 | 904 | |
CWIP | 101 | 112 | 188 | 429 |
Investments | 191 | 304 | 211 | 230 |
885 | 924 | 1,487 | 1,665 | |
Total Assets | 1,657 | 1,974 | 2,798 | 3,228 |
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 - Outcome
18 Mar - Outcome of Investor/Analyst meet scheduled on March 18, 2023.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
13 Mar - Of Investor/Analyst meet scheduled on March 14, 2023
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
10 Mar - Outcome of Investor/Analyst meet scheduled on March 9, 2023
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
10 Mar - Of Investor/Analyst meet scheduled on March 10 & 11, 2023
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22 Feb - Of Investor/Analyst meet scheduled on February 22, 2023
Annual reports
Concalls
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Jan 2023Transcript PPT
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Jan 2023TranscriptNotesPPT
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Oct 2022Transcript PPT
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Jul 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptPPT
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Nov 2021Transcript PPT
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Oct 2021Transcript PPT
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Aug 2021TranscriptNotesPPT
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]