Meghmani Organics Ltd - Stock Valuation and Financial Performance

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

Meghmani Organics Share Price

104.80 7.60 7.82%
as on 11-Oct'24 16:01

DeciZen - make an informed investing decision on Meghmani Organics

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Meghmani Organics stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
2,655 Cr.
52-wk low:
71.5
52-wk high:
113

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 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 Strong which suggest that the price of Meghmani Organics Ltd is likely to Rise 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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 17.6%19.5%25.2%18.3%-1.2%-
Value Creation
Index
0.30.40.80.3-1.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6931,6232,4942,5571,5401,529
Sales YoY Gr.-134.2%53.6%2.5%-39.8%-
Adj EPS 5.36.910.77.8-2.9-1.5
YoY Gr.-30.5%54.1%-27.3%-136.7%-
BVPS (₹) 38.645.956.665.161.561.3
Adj Net
Profit
135176272197-72.5-38
Cash Flow from Ops. 18.333368.7264339-
Debt/CF from Ops. 14.40.87.22.61.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA-1.8%-39.8%
Adj EPS NANA-174.4%-136.7%
BVPSNANA10.3%-5.5%
Share Price - - -4.7% 28.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
13.816.420.812.8-4.5-2.4
Op. Profit
Mgn %
1517.315.214.30.72.5
Net Profit
Mgn %
19.510.910.97.7-4.7-2.5
Debt to
Equity
0.30.20.30.40.4-
Working Cap
Days
0196171201290123
Cash Conv.
Cycle
095688112620

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -1.75%

Sales growth is not so good in last 4 quarters at -28.09%

Latest Financials - Meghmani Organics Ltd.

Standalone Consolidated
TTM EPS (₹) -1.5 -3.5
TTM Sales (₹ Cr.) 1,529 1,554
BVPS (₹.) 61.3 59.4
Reserves (₹ Cr.) 1,533 1,485
P/BV 1.70 1.76
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 71.50 / 113.00
All Time Low / High (₹) 71.50 / 152.50
Market Cap (₹ Cr.) 2,655
Equity (₹ Cr.) 25.4
Face Value (₹) 1
Industry PE 60.1

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'23Mar'24
Sales6931,6232,4942,5571,540
Operating Expenses 5901,3442,1152,1931,530
Manufacturing Costs96222360387310
Material Costs4068971,4541,5151,002
Employee Cost 30829110098
Other Costs 57142209191120
Operating Profit 1032803793649
Operating Profit Margin (%) 14.9%17.2%15.2%14.2%0.6%
Other Income 13825989646
Interest 1811116447
Depreciation 2251606883
Exceptional Items 07600
Profit Before Tax 201249412327-74
Tax 446410477-18
Profit After Tax 157185308250-57
PAT Margin (%) 22.6%11.4%12.3%9.8%-3.7%
Adjusted EPS (₹)6.27.312.19.9-2.2
Dividend Payout Ratio (%)0%19%12%14%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 9821,1671,4401,6561,565
Share Capital 2525252525
Reserves 9571,1421,4151,6311,539
Minority Interest00000
Debt223222433564461
Long Term Debt56123209274179
Short Term Debt16799224290282
Trade Payables234339572440477
Others Liabilities 213239288341287
Total Liabilities 1,6521,9672,7333,0012,790

Fixed Assets

Gross Block6818831,0411,3651,390
Accumulated Depreciation201249306367446
Net Fixed Assets481633735999944
CWIP 101112187145148
Investments 192306348443575
Inventories296373628618481
Trade Receivables464406543541433
Cash Equivalents 821102918
Others Assets111115282226191
Total Assets 1,6521,9672,7333,0012,790

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1833369264339
PBT 201249412327-74
Adjustment -75689114121
Changes in Working Capital -7987-258-95299
Tax Paid -28-71-95-83-7
Cash Flow From Investing Activity 4-306-267-356-176
Capex -70-208-241-274-66
Net Investments 46-1011042971
Others 293-131-111-181
Cash Flow From Financing Activity -26-14187111-177
Net Proceeds from Shares 00000
Net Proceeds from Borrowing 00000
Interest Paid -6-9-11-38-46
Dividend Paid -250-35-36-36
Others 5-5233184-95
Net Cash Flow -413-1119-13
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)15.9517.2223.6216.17-3.51
ROCE (%)17.6119.4825.1718.3-1.21
Asset Turnover Ratio0.420.911.070.90.54
PAT to CFO Conversion(x)0.111.80.221.06N/A
Working Capital Days
Receivable Days243976977113
Inventory Days155757388128
Payable Days211117114122167

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 11-Oct-2024 16:01 is ₹104.8.
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 11-Oct-2024 16:01 the market cap of Meghmani Organics stood at ₹2,655.
The latest P/E ratio of Meghmani Organics as of 11-Oct-2024 16:01 is 0.00.
The latest P/B ratio of Meghmani Organics as of 11-Oct-2024 16:01 is 1.70.
The 52-week high of Meghmani Organics is ₹113.0 and the 52-week low is ₹71.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Meghmani Organics is ₹1,529 ( 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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