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 Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Meghmani Organics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 17.6% | 19.5% | 25.2% | 18.3% | -1.2% | - |
| Value Creation Index ⓘ | 0.3 | 0.4 | 0.8 | 0.3 | -1.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 693 | 1,623 | 2,494 | 2,557 | 1,540 | 1,688 |
| Sales YoY Gr. | - | 134.2% | 53.6% | 2.5% | -39.8% | - |
| Adj EPS ⓘ | 5.3 | 6.9 | 10.7 | 7.8 | -2.9 | -1 |
| YoY Gr. | - | 30.5% | 54.1% | -27.3% | -136.7% | - |
| BVPS (₹) ⓘ | 38.6 | 45.9 | 56.6 | 65.1 | 61.5 | 61.6 |
| Adj Net Profit ⓘ | 135 | 176 | 272 | 197 | -72.5 | -25 |
| Cash Flow from Ops. ⓘ | 18.3 | 333 | 68.7 | 264 | 339 | - |
| Debt/CF from Ops. ⓘ | 14.4 | 0.8 | 7.2 | 2.6 | 1.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | -1.8% | -39.8% | ||||
| Adj EPS ⓘ | NA | NA | -174.4% | -136.7% | ||||
| BVPSⓘ | NA | NA | 10.3% | -5.5% | ||||
| Share Price | - | - | 1.3% | 28.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 13.8 | 16.4 | 20.8 | 12.8 | -4.5 | -1.6 |
| Op. Profit Mgn % ⓘ | 15 | 17.3 | 15.2 | 14.3 | 0.7 | 3.9 |
| Net Profit Mgn % ⓘ | 19.5 | 10.9 | 10.9 | 7.7 | -4.7 | -1.5 |
| Debt to Equity ⓘ | 0.3 | 0.2 | 0.3 | 0.4 | 0.4 | 0.1 |
| Working Cap Days ⓘ | 0 | 196 | 171 | 201 | 290 | 115 |
| Cash Conv. Cycle ⓘ | 0 | 95 | 68 | 81 | 126 | 10 |
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 -6.76%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1 | -3.2 |
| TTM Sales (₹ Cr.) | 1,688 | 1,720 |
| BVPS (₹.) ⓘ | 61.6 | 59 |
| Reserves (₹ Cr.) ⓘ | 1,542 | 1,474 |
| P/BV ⓘ | 1.54 | 1.61 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 71.50 / 116.00 |
| All Time Low / High (₹) | 71.50 / 152.50 |
| Market Cap (₹ Cr.) | 2,420 |
| Equity (₹ Cr.) | 25.4 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 55.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 693 | 1,623 | 2,494 | 2,557 | 1,540 |
| Operating Expenses ⓘ | 590 | 1,344 | 2,115 | 2,193 | 1,530 |
| Manufacturing Costs | 96 | 222 | 360 | 387 | 310 |
| Material Costs | 406 | 897 | 1,454 | 1,515 | 1,002 |
| Employee Cost | 30 | 82 | 91 | 100 | 98 |
| Other Costs ⓘ | 57 | 142 | 209 | 191 | 120 |
| Operating Profit ⓘ | 103 | 280 | 379 | 364 | 9 |
| Operating Profit Margin (%) | 14.9% | 17.2% | 15.2% | 14.2% | 0.6% |
| Other Income ⓘ | 138 | 25 | 98 | 96 | 46 |
| Interest ⓘ | 18 | 11 | 11 | 64 | 47 |
| Depreciation ⓘ | 22 | 51 | 60 | 68 | 83 |
| Exceptional Items ⓘ | 0 | 7 | 6 | 0 | 0 |
| Profit Before Tax ⓘ | 201 | 249 | 412 | 327 | -74 |
| Tax ⓘ | 44 | 64 | 104 | 77 | -18 |
| Profit After Tax | 157 | 185 | 308 | 250 | -57 |
| PAT Margin (%) | 22.6% | 11.4% | 12.3% | 9.8% | -3.7% |
| Adjusted EPS (₹) | 6.2 | 7.3 | 12.1 | 9.9 | -2.2 |
| Dividend Payout Ratio (%) | 0% | 19% | 12% | 14% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 982 | 1,167 | 1,440 | 1,656 | 1,565 | |||||
| Share Capital ⓘ | 25 | 25 | 25 | 25 | 25 | |||||
| Reserves ⓘ | 957 | 1,142 | 1,415 | 1,631 | 1,539 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 223 | 222 | 433 | 564 | 461 | |||||
| Long Term Debt | 56 | 123 | 209 | 274 | 179 | |||||
| Short Term Debt | 167 | 99 | 224 | 290 | 282 | |||||
| Trade Payables | 234 | 339 | 572 | 440 | 477 | |||||
| Others Liabilities ⓘ | 213 | 239 | 288 | 341 | 287 | |||||
| Total Liabilities ⓘ | 1,652 | 1,967 | 2,733 | 3,001 | 2,790 | |||||
Fixed Assets | ||||||||||
| Gross Block | 681 | 883 | 1,041 | 1,365 | 1,390 | |||||
| Accumulated Depreciation | 201 | 249 | 306 | 367 | 446 | |||||
| Net Fixed Assetsⓘ | 481 | 633 | 735 | 999 | 944 | |||||
| CWIP ⓘ | 101 | 112 | 187 | 145 | 148 | |||||
| Investmentsⓘ | 192 | 306 | 348 | 443 | 575 | |||||
| Inventories | 296 | 373 | 628 | 618 | 481 | |||||
| Trade Receivables | 464 | 406 | 543 | 541 | 433 | |||||
| Cash Equivalents | 8 | 21 | 10 | 29 | 18 | |||||
| Others Assetsⓘ | 111 | 115 | 282 | 226 | 191 | |||||
| Total Assets ⓘ | 1,652 | 1,967 | 2,733 | 3,001 | 2,790 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 18 | 333 | 69 | 264 | 339 |
| PBT ⓘ | 201 | 249 | 412 | 327 | -74 |
| Adjustment ⓘ | -75 | 68 | 9 | 114 | 121 |
| Changes in Working Capital ⓘ | -79 | 87 | -258 | -95 | 299 |
| 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 | -101 | 104 | 29 | 71 |
| Others ⓘ | 29 | 3 | -131 | -111 | -181 |
| Cash Flow From Financing Activityⓘ | -26 | -14 | 187 | 111 | -177 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -6 | -9 | -11 | -38 | -46 |
| Dividend Paid ⓘ | -25 | 0 | -35 | -36 | -36 |
| Others ⓘ | 5 | -5 | 233 | 184 | -95 |
| Net Cash Flow ⓘ | -4 | 13 | -11 | 19 | -13 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 15.95 | 17.22 | 23.62 | 16.17 | -3.51 | |||||
| ROCE (%) | 17.61 | 19.48 | 25.17 | 18.3 | -1.21 | |||||
| Asset Turnover Ratio | 0.42 | 0.91 | 1.07 | 0.9 | 0.54 | |||||
| PAT to CFO Conversion(x) | 0.11 | 1.8 | 0.22 | 1.06 | N/A | Working Capital Days | ||||
| Receivable Days | 243 | 97 | 69 | 77 | 113 | |||||
| Inventory Days | 155 | 75 | 73 | 88 | 128 | |||||
| Payable Days | 211 | 117 | 114 | 122 | 167 | |||||
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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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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