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Meghmani Organics Ltd (MOL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543331 NSE: MOL Pesticides & Agrochemicals | Small Cap | Meghmani Organics Share Price
₹56.21 -0.99 (-1.73%)
As on 30-Sep'26 16:59
Meghmani Organics Ltd (MOL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543331 NSE: MOL Pesticides & Agrochemicals | Small Cap | Meghmani Organics Share Price
₹56.21 -0.99 (-1.73%)
As on 30-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹1,455 Cr.
Current Price
₹56.2
52-Week Low / High
₹36 / 85
TTM EPS
₹2.5
TTM Sales
₹2,103 Cr.
Book Value per Share
₹62.6
P/E Ratio
22.64
Higher than its 5-year historical median
Industry PE
27.5
Price to Book (P/B)
0.91
Lower than its 5-year historical median
Price to Sales (P/S)
0.69
Lower than its 5-year historical median
EV/EBITDA
7.20
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
1.88%
Underperforms industry median
Return on Capital Employed (ROCE)
6.67%
Underperforms industry median
Return on Assets (ROA)
0.94%
Operating Profit Margin
8.2%
Net Profit Margin
1.32%
Gross Profit Margin
8.2%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
4.39%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
23.61%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
48.95%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,568 Cr.
Equity
₹25.4 Cr.
Face Value
₹1
All Time Low / High
₹36.41 / 152.50
Check Before You Invest
Quality
Somewhat GoodValuation
Somewhat UndervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Meghmani Organics Ltd a good quality company?
Meghmani Organics Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Meghmani Organics Ltd performance compare with that of its Peers?
Revenue growth of Meghmani Organics Ltd vs industry peers?
Meghmani Organics Ltd revenue CAGR is 5.84%, compared to the industry median CAGR of 1.96%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Meghmani Organics Ltd?
Promoters hold 48.95% of the Meghmani Organics Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Meghmani Organics Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -14.1% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 17.6% | 19.5% | 25.2% | 18.3% | -1.2% | 6.3% | 10.4% | - |
| Value Creation Index ⓘ | 0.3 | 0.4 | 0.8 | 0.3 | -1.1 | -0.6 | -0.3 | - |
Growth Parameters ⓘ |
||||||||
| Sales ⓘ | 693 | 1,623 | 2,494 | 2,557 | 1,540 | 2,004 | 2,092 | 2,022 |
| Sales YoY Gr. | - | 134.2% | 53.6% | 2.5% | -39.8% | 30.1% | 4.4% | - |
| Adj EPS ⓘ | 5.3 | 6.9 | 10.7 | 7.8 | -2.9 | 1.8 | 2.9 | 5.6 |
| YoY Gr. | - | 30.5% | 54.1% | -27.3% | -136.7% | NA | 68% | - |
| BVPS (₹) ⓘ | 38.6 | 45.9 | 56.6 | 65.1 | 61.5 | 64.2 | 69.1 | 71.4 |
| Adj Net Profit ⓘ | 135 | 176 | 272 | 197 | -72.5 | 44.5 | 74.9 | 142 |
| Cash Flow from Ops. ⓘ | 18.3 | 333 | 68.7 | 264 | 339 | 125 | 229 | - |
| Debt/CF from Ops. ⓘ | 14.4 | 0.8 | 7.2 | 2.6 | 1.8 | 4.6 | 2.3 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 5.2% | -6.5% | 4.4% | ||||
| Adj EPS ⓘ | NA | -15.8% | -27.6% | 68% | ||||
| BVPSⓘ | NA | 8.5% | 2% | 7.7% | ||||
| Share Price | - | -14.5% | -11.1% | -30.3% | ||||
Key Financial Parameters ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 13.8 | 16.4 | 20.8 | 12.8 | -4.5 | 2.8 | 4.4 | 8 |
| Op. Profit Mgn % ⓘ | 15 | 17.3 | 15.2 | 14.3 | 0.7 | 9.1 | 11 | 12 |
| Net Profit Mgn % ⓘ | 19.5 | 10.9 | 10.9 | 7.7 | -4.7 | 2.2 | 3.6 | 7 |
| Debt to Equity ⓘ | 0.3 | 0.2 | 0.3 | 0.4 | 0.4 | 0.4 | 0.3 | - |
| Working Cap Days ⓘ | 0 | 196 | 171 | 201 | 289 | 209 | 216 | 119 |
| Cash Conv. Cycle ⓘ | 0 | 95 | 68 | 81 | 124 | 82 | 91 | 13 |
Valuation of Meghmani Organics - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|
| Sales | 700 | 1,637 | 2,498 | 2,553 | 1,566 | 2,080 | 2,174 |
| Operating Expenses ⓘ + | 595 | 1,354 | 2,120 | 2,212 | 1,587 | 1,937 | 1,998 |
| Operating Profit ⓘ | 104 | 282 | 379 | 341 | -20 | 143 | 176 |
| Operating Profit Margin (%) | 14.9% | 17.3% | 15.1% | 13.4% | -1.3% | 6.9% | 8.1% |
| Other Income ⓘ + | 131 | 25 | 98 | 96 | 41 | 44 | 96 |
| Interest ⓘ | 18 | 11 | 11 | 66 | 50 | 69 | 92 |
| Depreciation ⓘ | 22 | 51 | 63 | 77 | 92 | 108 | 119 |
| Profit Before Tax ⓘ | 194 | 252 | 409 | 313 | -121 | 9 | 62 |
| Tax ⓘ | 45 | 65 | 104 | 75 | -15 | 20 | 33 |
| Profit After Tax | 150 | 186 | 304 | 238 | -106 | -11 | 29 |
| PAT Margin (%) | 21.4% | 11.4% | 12.2% | 9.3% | -6.8% | -0.5% | 1.3% |
| Adjusted EPS (₹) | 5.9 | 7.3 | 12.0 | 9.4 | -4.2 | -0.4 | 1.1 |
| Dividend Payout Ratio (%) | 0% | 19.10% | 11.70% | 15% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 986 | 1,173 | 1,466 | 1,669 | 1,528 | 1,515 | 1,545 | ||||
| Debt + | 223 | 222 | 433 | 691 | 665 | 670 | 596 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Trade Payables | 235 | 340 | 574 | 448 | 492 | 550 | 540 | ||||
| Others Liabilities ⓘ | 213 | 239 | 325 | 390 | 354 | 349 | 339 | ||||
| Total Liabilities ⓘ | 1,657 | 1,974 | 2,798 | 3,198 | 3,039 | 3,085 | 3,021 | ||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 481 | 634 | 911 | 1,166 | 1,152 | 1,575 | 1,494 | ||||
| CWIP ⓘ | 101 | 112 | 188 | 355 | 521 | 83 | 87 | ||||
| Investments ⓘ | 191 | 304 | 211 | 183 | 114 | 3 | 5 | ||||
| Inventories | 304 | 376 | 639 | 652 | 517 | 599 | 529 | ||||
| Trade Receivables | 461 | 411 | 543 | 523 | 433 | 567 | 672 | ||||
| Cash Equivalents | 9 | 21 | 11 | 33 | 20 | 31 | 25 | ||||
| Others Assets ⓘ | 111 | 115 | 294 | 286 | 281 | 228 | 209 | ||||
| Total Assets ⓘ | 1,657 | 1,974 | 2,798 | 3,198 | 3,039 | 3,085 | 3,021 | ||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 22 | 333 | 65 | 204 | 250 | 66 | 222 |
| Cash Flow From Investing Activity ⓘ + | -3 | -307 | -133 | -418 | -178 | 31 | -38 |
| Cash Flow From Financing Activity ⓘ + | -26 | -14 | 58 | 234 | -85 | -91 | -190 |
| Net Cash Flow ⓘ | -8 | 12 | -10 | 21 | -14 | 6 | -7 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 15.16 | 17.27 | 23.07 | 15.16 | -6.63 | -0.7 | 1.88 | |||
| ROCE (%) | 17 | 19.59 | 24.73 | 17.02 | -2.94 | 3.35 | 6.67 | |||
| Asset Turnover Ratio | 0.42 | 0.91 | 1.05 | 0.86 | 0.51 | 0.69 | 0.72 | |||
| PAT to CFO Conversion(x) | 0.15 | 1.79 | 0.21 | 0.86 | N/A | N/A | 7.66 | |||
| Working Capital Days | ||||||||||
| Receivable Days | 239.10 | 96.30 | 69.20 | 75.50 | 109.40 | 86.50 | 102.20 | |||
| Inventory Days | 157.50 | 75.10 | 73.60 | 91.40 | 133.80 | 96.60 | 93 | |||
| Payable Days | 209.40 | 116 | 114.80 | 123.50 | 167.60 | 150.50 | 150.10 | |||
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Meghmani Organics Ltd FAQs
The current trading price of Meghmani Organics on 30-Sep-2026 16:59 is ₹56.21.
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 29-Sep-2026 the market cap of Meghmani Organics stood at ₹1,454.7 Cr
The latest P/E ratio of Meghmani Organics as of 29-Sep-2026 is 10.22.
The latest P/B ratio of Meghmani Organics as of 29-Sep-2026 is 0.80.
The 52-week high of Meghmani Organics is ₹85.29 and the 52-week low is ₹36.41.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Meghmani Organics is ₹2,022 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Meghmani Organics Ltd is a average quality company.
The key valuation ratios of Meghmani Organics Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
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.
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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