Meghmani Organics Ltd

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

Meghmani Organics Ltd

₹ 50.3 0.14%
19 Jun - 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 Segments:[1][2]
a) Crop Protection:
- Product Range:
Intermediates, Technical products,
Formulations for insecticides and
herbicides.
- Applications:
Crop protection, Veterinary pesticides, Household insecticides, Public health
solutions.
- Formulation Brand Portfolio:
Megacyper, Megaban, Synergy, Courage, Megaclaim, Megastar Power, Megakill, Megastar.

Website BSE NSE
  • Market Cap ₹ 1,279 Cr.
  • Current Price ₹ 50.3
  • High / Low ₹ 106 / 36.4
  • Stock P/E 44.5
  • Book Value ₹ 60.7
  • Dividend Yield 0.00 %
  • ROCE 6.67 %
  • ROE 1.88 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 0.83 times its book value
  • Company's working capital requirements have reduced from 19.1 days to 10.6 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.84% over past five years.
  • Company has a low return on equity of -1.95% over last 3 years.
  • Contingent liabilities of Rs.648 Cr.
  • Earnings include an other income of Rs.96.4 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.

Peer comparison

Commodities Chemicals Fertilizers & Agrochemicals Pesticides & Agrochemicals

Part of BSE Commodities BSE 1000

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
574.08 425.78 378.72 351.75 410.03 413.88 543.89 568.51 553.46 613.62 577.26 508.74 474.34
496.18 447.87 371.13 359.55 408.01 408.01 513.32 527.69 487.98 546.73 525.17 471.01 454.62
Operating Profit 77.90 -22.09 7.59 -7.80 2.02 5.87 30.57 40.82 65.48 66.89 52.09 37.73 19.72
OPM % 13.57% -5.19% 2.00% -2.22% 0.49% 1.42% 5.62% 7.18% 11.83% 10.90% 9.02% 7.42% 4.16%
27.41 7.01 12.10 9.63 8.95 8.88 11.97 9.14 13.88 16.58 27.76 14.84 37.24
Interest 15.75 4.47 12.77 26.63 2.49 10.58 26.22 12.88 19.32 29.47 23.78 18.13 20.48
Depreciation 22.58 23.59 22.71 23.13 22.80 23.48 25.49 29.67 29.49 29.70 29.98 29.94 29.33
Profit before tax 66.98 -43.14 -15.79 -47.93 -14.32 -19.31 -9.17 7.41 30.55 24.30 26.09 4.50 7.15
Tax % 19.15% -20.03% -2.85% -20.26% 25.42% -13.26% 1.09% 159.24% 35.12% 47.78% 55.73% 178.67% -12.45%
54.15 -34.50 -15.34 -38.23 -17.96 -16.76 -9.27 -4.39 19.82 12.68 11.55 -3.53 8.03
EPS in Rs 2.13 -1.36 -0.60 -1.50 -0.71 -0.66 -0.36 -0.17 0.78 0.50 0.45 -0.14 0.32
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 6m Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
700 1,637 2,498 2,553 1,566 2,080 2,174
595 1,353 2,119 2,211 1,586 1,936 1,998
Operating Profit 105 283 379 342 -19 144 176
OPM % 15% 17% 15% 13% -1% 7% 8%
130 30 102 114 37 42 96
Interest 18 11 9 66 46 69 92
Depreciation 22 51 63 77 92 108 119
Profit before tax 194 252 409 313 -121 9 62
Tax % 23% 26% 26% 24% -12% 212% 54%
150 186 304 238 -106 -11 29
EPS in Rs 29,914.00 37,296.00 11.97 9.35 -4.17 -0.42 1.13
Dividend Payout % 17% 19% 12% 15% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: -5%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: -31%
3 Years: -50%
TTM: 337%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -18%
1 Year: -45%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: -2%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 25 25 25 25 25 25 25
Reserves 961 1,148 1,441 1,644 1,502 1,490 1,519
264 268 499 824 837 829 726
407 533 832 705 674 741 750
Total Liabilities 1,657 1,974 2,798 3,198 3,039 3,085 3,021
481 634 911 1,166 1,152 1,575 1,503
CWIP 101 112 188 356 521 83 79
Investments 191 304 211 183 114 3 5
885 924 1,487 1,494 1,251 1,425 1,435
Total Assets 1,657 1,974 2,798 3,198 3,039 3,085 3,021

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
22 333 65 204 250 66 222
13 -307 -133 -418 -178 31 -38
-26 -14 58 234 -85 -91 -190
Net Cash Flow 8 12 -10 21 -14 6 -7
Free Cash Flow -49 124 -177 -259 -14 -20 178
CFO/OP 48% 143% 42% 84% -1,328% 49% 142%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 241 92 79 75 101 99 113
Inventory Days 271 152 161 158 185 173 145
Days Payable 209 137 144 108 176 159 149
Cash Conversion Cycle 302 106 96 124 110 113 110
Working Capital Days 152 89 57 53 26 20 11
ROCE % 19% 24% 16% -3% 3% 7%

Insights

In beta
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Capacity Utilisation - Crop Protection
% ・Standalone data

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Capacity Utilisation - Pigments
% ・Standalone data
Installed Capacity - Crop Protection
MTPA ・Standalone data
Installed Capacity - Pigments
MTPA ・Standalone data
Production Volume - Crop Protection
MT ・Standalone data
Production Volume - Pigments
MT ・Standalone data
Total Product Registrations - CIB (India)
Number ・Standalone data
Total Product Registrations - Exports
Number ・Standalone data
Installed Capacity - Titanium Dioxide (TiO2)
MTPA

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
49.50% 49.32% 49.32% 49.32% 49.32% 49.33% 49.33% 49.41% 48.98% 48.98% 48.98% 48.95%
1.50% 1.34% 1.30% 1.52% 1.39% 2.22% 1.90% 1.81% 1.94% 1.48% 1.33% 1.34%
0.45% 0.61% 0.26% 0.20% 0.20% 0.42% 0.27% 0.48% 0.37% 0.00% 0.00% 0.00%
0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
48.51% 48.69% 49.09% 48.93% 49.05% 47.98% 48.46% 48.24% 48.68% 49.50% 49.65% 49.66%
No. of Shareholders 1,31,3361,40,6721,40,8291,52,7031,46,0101,28,8751,27,3921,26,6171,28,0821,31,8531,35,0311,34,841

* 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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