Meghmani Organics Ltd

₹ 117 5.32%
24 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:[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 2,973 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
299 427 448 463 498 548 640 812
243 325 357 428 410 470 562 678
Operating Profit 56 101 90 35 88 78 78 134
OPM % 19% 24% 20% 8% 18% 14% 12% 16%
2 1 10 18 28 21 26 27
Interest 6 2 12 -9 9 -4 -3 7
Depreciation 12 12 12 14 15 15 15 17
Profit before tax 39 88 76 48 92 88 93 136
Tax % 26% 26% 26% 25% 25% 26% 26% 25%
Net Profit 29 66 56 36 69 65 68 102
EPS in Rs 5,798.00 13,110.00 11,180.00 7,206.00 2.70 2.57 2.69 4.02

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
10 Years: %
5 Years: %
3 Years: %
TTM: 53%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 65%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
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%

Shareholding Pattern

Numbers in percentages

Sep 2021 Dec 2021 Mar 2022
51.51 49.36 49.41
1.34 1.25 1.25
0.00 0.00 0.04
47.14 49.38 49.29

Documents