Meghmani Organics

₹84 2 | 2.4%

WEBSITE BSE:543331 NSE : MOL 10 May, 16:01

Market Cap ₹2135 Cr.

Stock P/E -20.1

P/B 1.4

Current Price ₹84

Book Value ₹ 60.8

Face Value 1

52W High ₹104.5

Dividend Yield 1.67%

52W Low ₹ 71.7

Edit Ratio

Meghmani Organics Research see more...

Meghmani Organics - Well-positioned to become the Future Industry Leader

Overview Inc. Year: 2019Industry: Chemicals

Meghmani Organics Ltd went out of commercial enterprise. Meghmani Organics Ltd engages in manufacturing and promoting pigment and agrochemicals merchandise. The corporation operates through three segments: Agro Chemicals, Pigment Business, and Basic Chemicals. The Agro Chemicals section offers technical, intermediates, and formulations of insecticides, fungicides, and herbicides, that are utilized in crop protection, public fitness, termite and insect manage, and veterinary packages. The Pigment Business segment provides phthalocynine green 7, copper phthalocynine blue, alpha blue, and beta blue pigments that are utilized in diverse packages, along with printing inks, plastics, paints, textiles, leather-based, paper, and rubber. The Basic Chemicals section provides caustic chlorine and caustic potash, that are utilized by the agriculture quarter, industry, and immediately by the consumers. It is likewise in the buying and selling of pigment and chemical substances. The organisation mostly operates under the Megastar, Megacyper, Megaban, Synergy, Courage, Correct, and Mega Claim logo names. Meghmani Organics Ltd offers its products to customers thru direct sales groups and vendors/sellers in North America, Europe, Central and Latin America, the Asia Pacific, and the world over. The corporation was previously called Gujarat Industries. Meghmani Organics Ltd is primarily based in Ahmedabad, India.

Meghmani Organics Share Price

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Peer Comparison

Meghmani Organics Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	640	812	783	646	549	574	426	379	352	410
Other Income	26	27	38	26	24	9	7	12	10	9
Total Income	667	838	821	672	573	583	433	391	361	419
Total Expenditure	562	678	652	567	497	496	448	371	360	408
Operating Profit	105	160	169	104	77	86	-15	20	2	11
Interest	-3	7	9	-3	43	16	4	13	27	2
Depreciation	15	17	18	18	18	23	24	23	23	23
Exceptional Income / Expenses	0	0	0	0	0	19	0	0	0	0
Profit Before Tax	93	136	142	89	15	67	-43	-16	-48	-14
Provision for Tax	24	34	33	23	7	13	-9	-0	-10	4
Profit After Tax	68	102	109	66	8	54	-35	-15	-38	-18
Adjustments	0	0	0	0	0	-0	0	0	0	0
Profit After Adjustments	68	102	109	66	8	54	-34	-15	-38	-18
Adjusted Earnings Per Share	2.7	4	4.3	2.6	0.3	2.1	-1.4	-0.6	-1.5	-0.7

Meghmani Organics Profit & Loss

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	700	1637	2498	2553	1567
Other Income	131	25	98	96	38
Total Income	830	1661	2596	2649	1604
Total Expenditure	595	1354	2120	2212	1587
Operating Profit	235	307	476	437	18
Interest	18	11	11	66	46
Depreciation	22	51	63	77	93
Exceptional Income / Expenses	0	7	6	19	0
Profit Before Tax	194	252	409	313	-121
Provision for Tax	45	65	104	75	-15
Profit After Tax	150	186	304	238	-106
Adjustments	0	0	0	0	0
Profit After Adjustments	150	186	304	238	-105
Adjusted Earnings Per Share	5.9	7.3	12	9.3	-4.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	2%	54%	0%	0%
Operating Profit CAGR	-8%	23%	0%	0%
PAT CAGR	-22%	17%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	0%	NA%	NA%	NA%
ROE Average	15%	19%	18%	18%
ROCE Average	17%	20%	20%	20%

Meghmani Organics Balance Sheet

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	986	1173	1466	1669
Minority's Interest	0	0	0	0
Borrowings	56	123	209	402
Other Non-Current Liabilities	63	64	88	98
Total Current Liabilities	552	614	1035	1030
Total Liabilities	1657	1974	2798	3198
Fixed Assets	481	634	911	1166
Other Non-Current Assets	324	346	451	567
Total Current Assets	853	995	1436	1466
Total Assets	1657	1974	2798	3198

Meghmani Organics Cash Flow

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	8	21	10
Cash Flow from Operating Activities	22	333	65	204
Cash Flow from Investing Activities	-3	-307	-133	-418
Cash Flow from Financing Activities	-26	-14	58	234
Net Cash Inflow / Outflow	-8	12	-10	21
Closing Cash & Cash Equivalent	8	21	10	31

Meghmani Organics Ratios

#	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	5.88	7.33	11.97	9.35
CEPS(Rs)	6.76	9.33	14.43	12.38
DPS(Rs)	0	1.4	1.4	1.4
Book NAV/Share(Rs)	38.79	46.13	57.65	65.64
Core EBITDA Margin(%)	14.79	17.09	15.04	13.23
EBIT Margin(%)	30.2	15.91	16.68	14.7
Pre Tax Margin(%)	27.6	15.24	16.24	12.15
PAT Margin (%)	21.26	11.28	12.1	9.22
Cash Profit Margin (%)	24.44	14.35	14.59	12.21
ROA(%)	9.03	10.27	12.76	7.93
ROE(%)	15.16	17.27	23.07	15.16
ROCE(%)	17	19.59	24.73	17.02
Receivable days	239.14	96.26	69.15	75.5
Inventory Days	157.47	75.05	73.63	91.42
Payable days	209.36	116.01	114.77	123.53
PER(x)	0	0	8.71	8.3
Price/Book(x)	0	0	1.81	1.18
Dividend Yield(%)	0	0	1.34	1.8
EV/Net Sales(x)	0.4	0.16	1.25	1.08
EV/Core EBITDA(x)	1.19	0.87	6.58	6.32
Net Sales Growth(%)	0	133.96	52.66	2.17
EBIT Growth(%)	0	23.77	59.63	-9.76
PAT Growth(%)	0	24.67	63.25	-21.91
EPS Growth(%)	0	24.67	63.25	-21.92
Debt/Equity(x)	0.27	0.22	0.34	0.49
Current Ratio(x)	1.55	1.62	1.39	1.42
Quick Ratio(x)	0.99	1.01	0.77	0.79
Interest Cover(x)	11.62	23.5	38.16	5.76
Total Debt/Mcap(x)	0	0	0.19	0.42

Meghmani Organics Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	49.35	49.41	49.29	49.37	49.37	49.48	49.5	49.32	49.32	49.32
FII	1.25	1.25	1.44	1.64	1.57	1.53	1.5	1.34	1.3	1.51
DII	0	0.04	0.05	0.12	0.38	0.49	0.49	0.65	0.3	0.24
Public	49.37	49.29	49.23	48.87	48.68	48.5	48.52	48.69	49.09	48.93
Others	0.02	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	12.55	12.57	12.53	12.55	12.55	12.58	12.59	12.54	12.54	12.54
FII	0.32	0.32	0.37	0.42	0.4	0.39	0.38	0.34	0.33	0.38
DII	0	0.01	0.01	0.03	0.1	0.13	0.12	0.17	0.08	0.06
Public	12.56	12.53	12.52	12.43	12.38	12.33	12.34	12.38	12.48	12.44
Others	0.01	0	0	0	0	0	0	0	0	0
Total	25.43	25.43	25.43	25.43	25.43	25.43	25.43	25.43	25.43	25.43

Pros

Company is almost debt free.

Cons

Promoter holding is low: 49.32%.
Debtor days have increased from 114.77 to 123.53days.

* 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.