Meghmani Organics Ltd - Stock Valuation and Financial Performance

BSE: 543331 | NSE: MOL | Chemicals | Small Cap

Meghmani Organics Share Price

88.71 1.38 1.58%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Meghmani Organics

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Meghmani Organics stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
2,256 Cr.
52-wk low:
71.7
52-wk high:
104.5

Is Meghmani Organics Ltd an attractive stock to invest in?

1. Is Meghmani Organics Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Meghmani Organics Ltd is a below average quality company.

2. Is Meghmani Organics Ltd undervalued or overvalued?

The key valuation ratios of Meghmani Organics Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Meghmani Organics Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Meghmani Organics Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Meghmani Organics:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Meghmani Organics Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11.9%13.8%16.6%11.3%-
Value Creation
Index
-0.20.00.2-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6931,6232,4942,5571,705
Sales YoY Gr.-134.2%53.6%2.5%-
Adj EPS 5.36.910.77.8-0.4
YoY Gr.-30.5%54.1%-27.3%-
BVPS (₹) 38.645.956.665.161.5
Adj Net
Profit
135176272197-11
Cash Flow from Ops. 18.333368.7264-
Debt/CF from Ops. 14.40.87.22.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA54.5%2.5%
Adj EPS NANA13.5%-27.3%
BVPSNANA19%15%
Share Price - - - -3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
13.816.420.812.8-0.7
Op. Profit
Mgn %
1517.315.214.34.9
Net Profit
Mgn %
19.510.910.97.7-0.7
Debt to
Equity
0.30.20.30.4-
Working Cap
Days
0196171201118
Cash Conv.
Cycle
095688130

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 54.50%

Return on Equity is Poor

Sales growth is not so good in last 4 quarters at -39.37%

Latest Financials - Meghmani Organics Ltd.

Standalone Consolidated
TTM EPS (₹) -0.4 -1.3
TTM Sales (₹ Cr.) 1,705 1,730
BVPS (₹.) 61.5 60.8
Reserves (₹ Cr.) 1,539 1,521
P/BV 1.44 1.46
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 71.68 / 104.50
All Time Low / High (₹) 71.68 / 152.50
Market Cap (₹ Cr.) 2,256
Equity (₹ Cr.) 25.4
Face Value (₹) 1
Industry PE 49.3

Management X-Ray of Meghmani Organics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Meghmani Organics

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Sales6931,6232,4942,557
Operating Expenses 5901,3442,1152,193
Manufacturing Costs96222360387
Material Costs4068971,4541,515
Employee Cost 308291100
Other Costs 57142209191
Operating Profit 103280379364
Operating Profit Margin (%) 14.9%17.2%15.2%14.2%
Other Income 138259896
Interest 18111164
Depreciation 22516068
Exceptional Items 0760
Profit Before Tax 201249412327
Tax 446410477
Profit After Tax 157185308250
PAT Margin (%) 22.6%11.4%12.3%9.8%
Adjusted EPS (₹)6.27.312.19.9
Dividend Payout Ratio (%)0%19%12%14%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 9821,1671,4401,656
Share Capital 25252525
Reserves 9571,1421,4151,631
Minority Interest0000
Debt223222433564
Long Term Debt56123209274
Short Term Debt16799224290
Trade Payables234339572440
Others Liabilities 213239288341
Total Liabilities 1,6521,9672,7333,001

Fixed Assets

Gross Block6818831,0411,365
Accumulated Depreciation201249306367
Net Fixed Assets481633735999
CWIP 101112187145
Investments 192306348443
Inventories296373628618
Trade Receivables464406543541
Cash Equivalents 8211029
Others Assets111115282226
Total Assets 1,6521,9672,7333,001

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1833369264
PBT 201249412327
Adjustment -75689114
Changes in Working Capital -7987-258-95
Tax Paid -28-71-95-83
Cash Flow From Investing Activity 4-306-267-356
Capex -70-208-241-274
Net Investments 46-10110429
Others 293-131-111
Cash Flow From Financing Activity -26-14187111
Net Proceeds from Shares 0000
Net Proceeds from Borrowing 0000
Interest Paid -6-9-11-38
Dividend Paid -250-35-36
Others 5-5233184
Net Cash Flow -413-1119
PARTICULARSMar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.9517.2223.6216.17
ROCE (%)17.6119.4825.1718.3
Asset Turnover Ratio0.420.911.070.9
PAT to CFO Conversion(x)0.111.80.221.06
Working Capital Days
Receivable Days243976977
Inventory Days155757388
Payable Days211117114122

Meghmani Organics Ltd Stock News

Meghmani Organics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Meghmani Organics on 12-Apr-2024 16:59 is ₹88.71.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of Meghmani Organics stood at ₹2,256.
The latest P/E ratio of Meghmani Organics as of 12-Apr-2024 16:59 is 0.00.
The latest P/B ratio of Meghmani Organics as of 12-Apr-2024 16:59 is 1.44.
The 52-week high of Meghmani Organics is ₹104.5 and the 52-week low is ₹71.68.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Meghmani Organics is ₹1,705 ( Cr.) .

About Meghmani Organics Ltd

Meghmani Organics was founded in 1986 as a partnership firm, under the name M/s Gujarat Industries, to manufacture Pigments by its Executive Chairman Jayanti Patel, together with its Managing Directors, Ashish Soparkar and Natwarlal Patel, as well as two of its Executive Directors Ramesh Patel and Anand I Patel (collectively the “Founders”).

On January 2, 1995, Meghmani Organics Limited was incorporated as a joint stock company with limited liability and acquired the business and all existing assets and liabilities of the partnership firm M/s Gujarat Industries and the Founders became shareholders of the Company.

The company is into the manufacture of Pigments and Agrochemicals in India and has a focus on delivering quality products backed by Research and Development efforts.

Within Pigments, it specializes in green and blue pigments, which have varied end use applications in printing inks, paints and coatings and plastics. It has three Pigment manufacturing facilities at Vatva, Panoli and Dahej SEZ in the state of Gujarat. A majority of its Pigments are exported and about 75% of its pigment revenues come from exports.

It is a leading agro-chemical manufacturing Company with significant presence worldwide. Its strong customer base includes prominent MNC’s and extends to more than 75 countries globally. It manufactures three broad categories of Agrochemical products, namely, pesticide intermediates, technical and formulations. Its agrochemical products find primary application in Crop Protection, Veterinary, Public Health and Wood Protection.

It has 6 multifunctional ISO certified production facilities with a wide range of products and backward integration of key raw materials, located in Gujarat, India’s prime Chemical belt and having proximity to key ports.

Its R&D Centre managed by a team of professionals is recognized by the Ministry of Science and Technology. It helps in continuous process improvement and into introduction of a newer range of pesticides to meet needs of Global customers.

Business area of the company

The company is engaged in manufacturing and selling of pigment and agrochemicals products.

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