“Acquired an Immovable Property”

Meghmani Finechem Limited in its BSE filing has said that the Company has acquired an immovable property in the form of an Industrial Plot No. D-II/13 having area admeasuring 289844.41 sq. meters in GIDC Dahej (Taluka: Vagra, District: Bharuch Gujarat) which is in close proximity of the present manufacturing facility of the Company.

The Company has acquired this land considering the future projects.

The stock ended at INR 1467 (UP 3.25%) with a volume of 1,77,165 shares on the National Stock Exchange (NSE)

30 September 2022

Update

“Commissioned Caustic Soda plant along with Captive Power plant”

Meghmani Finechem Limited (MFL) today in its BSE filing has said that, the Company has successfully commissioned an additional 1,06,000 TPA capacity of Caustic Soda along with Captive Power plant of 36 MW at Dahej (Gujarat).

Considering the above, now, “MFL” stands at Caustic Soda capacity of 4,00,000 TPA and Captive Power plant of 132 MW.

Share of Meghmani Finechem Ltd is currently trading at INR 1435.

21 July 2022

Update

Q1 FY 2022-23 Numbers

Meghmani Finechem Limited (MFL) incorporated in 2007 – a leading integrated manufacturer of chemicals in India has posted its Q1 Numbers today.

Key Highlights – Q1 FY 2022-23

Revenue of INR 534 Cr v/s INR 290 Cr up 84% Y-O-Y (largely driven by improved realizations and higher sales volume of 5%)

EBITDA almost doubled to INR 187 Cr and EBITDA margin improved to 35% (despite high inflationary pressure)

Profit After Tax up 3 times to INR 108 Cr Y-O-Y (INR 37 Cr last year) and PAT margin stood 20% compared to 13% in Q1FY22

ROCE and ROE improved to 33% (19% in Q1FY22) and 48% (22% in Q1FY22) respectively

Chairman & MD Said –

I am pleased with our performance in Q1FY23.

We have delivered record operating and financial performance for the quarter. The growth in the quarter is on account of high realizations and volume growth coming from high efficiency/capacity utilization from all the products.

In this quarter, we have commissioned India’s first Epichlorohydrin (ECH) plant based on the glycerol process and also we have entered into a JV to set up an 18.34 MW Wind-Solar hybrid power plant for internal consumption.

Recently in July, we have also commissioned India’s largest CPVC resin plant. Once these new projects stabilize and reach optimum capacity utilization it will start contributing in a sizeable way both to the top line and bottom line. We expect that to happen Q3FY23 onwards.

With all this we are moving in line with our commitments, long term goals and with focus on the environment and sustainability.

Daily Chart –

meghmani finechem share price is INR 1556 today with a volume of 5,35,741 shares on the NSE.

Disc: Finblab (vishal dalwadi) is holding MFL in a long-term portfolio.

Also Read – IMPORTANT Q1 RESULTS FOR THE WEEK – 18 TO 24 JULY ’22

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9 November 2019

Update:

Q2 FY 2019-20 Numbers

Meghmani Organics Limited, an India-based company operates into pigments, agro chemicals and basic chemicals segments has posted its financial results (consolidated & standalone) of the second quarter and half year ended on 30th September, 2019. Read consolidates numbers –

Revenue from operations stood at INR 532.41 crore in Sept ’19 up 6.18% Y-O-Y basis from INR 501.40 crore in Sept ’18. However, the Q-O-Q revenue de-grew by 13.59% (INR 616.20 crore for June ’19)

The Pigment segment reported net revenue of INR 164.50 crore, up 6.36 percent Y-O-Y.

Agrochemical segment’s net revenue for the quarter grew by 12.58 percent Y-O-Y to (INR 218.33 Cr vs INR 193.93 Cr)

Revenues from Chloro Alkali and its Derivatives for the quarter ended September 2019 grew by 4.39 percent Y-O-Y (INR 160.16 Cr vs INR 153.43 Cr)

Read: DR LAL PATHLABS quarterly numbers

Quarterly Net Profit at INR 97.49 crore in Sept ’19 up 25.31% Q-O-Q basis from INR 77.80 crore in June 2019. However, Y-O-Y profit grew by 57.85% (INR 61.76 crore in September 2018)

Meghmani Organics EPS has increased to Rs. 3.31 in September 2019 from Rs. 2.24 in June 2019.

Meghmani Organics is currently trading at INR 55.55 on November 08, 2019 (NSE) and is trading below its 200 EMA (58.35) and above its 50 EMA (52.90)

Must Read: Finblab Value Pick Stock Polycab India Ltd

09 August, 2018

Company Background

History

It was 1986, when Gujarat Industries (now Meghmani Organics) was established as a partnership firm in Gujarat, India to manufacture pigments.

High productivity and profitability transformed Gujarat Industries to a joint stock company, under the name of Meghmani Organics Limited, by 1995. Since then Meghmani Organics has diversified its business interests to include a range of pesticides and other pigment products as well.

Today, Meghmani Organics Limited is a leading manufacturer of pigment and pesticide products in the country and is the recipient of several prestigious awards in recognition of its outstanding business performance.

Product Portfolio – Meghmani Organics Limited

The product portfolio of Meghmani Organics Limited mainly covers three segments;

Pigments:

• The Pigment Products which the company manufacture fall into 3 main categories; (1) Pigments for Plastics, (2) Pigments for Printing Inks, and (3) Pigments for Coatings
• The Company’s Pigment products are used in multiple applications, including printing inks, plastics, paints, textiles, leather, paper and rubber.
• The Company’s clients are mainly MNC players (from North America, Europe, Central and Latin America, and Asia-Pacific) who are leading players in the industries they operate.

Pesticides:

• The Agrochemical (Pesticides) products which the company manufacture fall into 3 main categories; (1) Technical Products, (2) Formulations, and (3) Intermediates
• The Company’s Agrochemical products are used in crop protection, public health, termite & insect control and veterinary applications.
• Company’s client list include leading pesticides manufacturers in North America, Europe, Latin America, Asia and end users in the domestic Indian market.

New Products

• The Company is keen identify a growing demand for high performance pigments due to fundamental shifts in the printing ink and paint sectors. The company will soon start producing water-based pigments. It will target export markets such as Japan by setting the course for the production of Hysol-P based CPC Blue product.
• The Company have the capabilities to produce six off-patent pesticides and developing capabilities to manufacture three more whose patents are expiring soon.

More than 80% of company’s pigment products and over 50% of its pesticides products are exported the world over.

Production Plants

Meghmani Organics Limited has four production plants –

• The Vatva Plant (Established in 1986) — ISO 9001-2000 Certified
• The Chharodi Plant (Established in 1995) — 9001-2000 Certified
• The Panoli Plant (Established in 1996) — 9001-2000 Certified
• The Ankleshwar Plant (Established in 2003)

Distribution Network

The Company has a distribution network of 20 overseas distributors catering to its international markets for its Pigments and Agrochemical products, and a chain of over 1,000 stockists, agents, distributors and dealers covering the domestic market in India.

Meghmani Organics – Financial Data

Sound fundamentals, outstanding export performance, strong presence in the domestic market and a focused management team has helped Meghmani Organics Limited to grow at a compounded annual growth rate (CAGR) of 17% and profits 10% over the past 3 years

Listed On

The shares of Meghmani Organics Limited are listed for trading on National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) in India.

Stock Information – Meghmani Organics

Share Holding Pattern

Meghmani Organics – Financials

Conclusion –

6000 million Rupees Meghmani Organics Limited is – (1) One of the largest producers of pigment blue in the world, (2) One of the leading producers of pigment green, and (3) One of the largest producers of pesticides in India

The Promoters have steady stakes in the company since last 4 quarters (more than 50%), and with no pledge. Along with this some of the well-known institutions like Indiabulls and others have high stake in the company.

Meghmani Organics Ltd.’s Q1FY19 consolidated Net Profit rises 77.9% YoY to INr 77.07 Cr. Company’s consolidated revenue for the Q1FY19 came in at INR 476.48 Cr, up by 13.1% YoY. The operating profit for the quarter came in at INR 123.99 Cr, which increased by 35.9%. The EBITDA margin expanded by 437 bps to 26% in Q1FY19.

Recently, Meghmani Organics Limited acquired 24.97% equity stake in Meghmani Finechem.

On Technical Charts, the share price of Meghmani Organics has taken a support around 75 to 80 levels (on a daily chart) multiple times in the recent past which are co-incidentally its 89 EMA on a weekly chart.

Considering the above mentioned factors, the techno-funda analysis, and sector outlook in mind; MEGHMANI ORGANICS LIMITED looks good at INR 93. FinBlab recommends investing in a stock keeping a long-term view in mind. (One can accumulate on decline also)

FINBLAB ValuePick Performance – Last 5 Recommendations

Also Read –

Finblab’s Recommendation on Upcoming IPO – CreditAccess Grameen Limited

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Value Pick August ’18: Meghmani Organics Ltd, Update appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Q1 FY 2022-23 Numbers

Meghmani Organics Limited – One of the Leading Diversified Chemicals Companies has presented its Q1 FY 2022-23 numbers today during market hours. Read Details –

Revenues

On a consolidated basis, the company’s revenue from operations stood at INR 783.41 Cr for the Q1 ended 30 June 2022 as compared to INR 498.14 Cr for the same period last year (aided by higher capacity utilization and better realization from the Agrochemical business), registering a growth of 57.28% Y-O-Y basis. However, the quarter-on-quarter revenue de-grew by 3.40% (INR 811.81 Cr for the quarter ended 31 March 2022)

While comparing segment-wise revenues, the “agrochemical business” of MOL continues to show its robust performance (increased by 75.39% Y-O-Y basis), while the “pigment business” has reported moderate performance (increased by 25.93% Y-O-Y) due to price volatility and the economic slowdown.

The overall outlook in both businesses remains positive said the management in the joint statement, and the long-term growth trajectories remain encouraging.

>> Must Read: HOW THE NIFTY WILL BEHAVE IN JULY 2022

Expenses

Total expenses of the company are as follows –

INR 679.05 Cr as on 30 June 2022

INR 434.84 Cr as on 30 June 2021

INR 702.26 Cr as on 31 March 2022

EBITDA

EBITDA of the company grew by 53% Y-O-Y to INR 1,341 in Q1 FY 2022-23 as compared to INR 874 in Q1 FY 2022.

Profit After Tax

MOL has registered a PAT of INR 109.06 Cr for the Q1 of FY 2022-23 as against INR 68.57 Cr for a period one year ago, a growth of 59% Y-O-Y basis, while the Q-O-Q profit grew by 6.911% (INR 102.21 Cr for the quarter ended 31 March 2022). The Company’s profit margin stood at 15% in Q1 FY23.

Cash & Cash Equivalents

On the Balance Sheet front, the Company’s Cash & Cash Equivalents stood at INR 150.3 Cr as on 30th June 2022, while the debt to equity ratio stood at 0.46 as on 30th June 2022.

>> Also Read: Q1 Numbers of Kajaria Ceramics

The EPS of the Company are as follows –

INR 4.29 as on 30 June 2022

INR 2.70 as on 30 June 2021

INR 4.02 as on 31 March 2022

Management Said –

Global commodities prices volatility, global political turmoil, and exorbitant global inflation scenario kept the overall scenario challenging despite all these challenges Meghmani Organics has performed steadily and met its internal growth targets.

The Capex plans progressing as per the set targets and pre-decided milestones. MOL is very optimistic about the overall growth as there is a huge untapped opportunity market in India and the company is all equipped to cater to the available growth opportunity.

The company remains committed to sustainable growth and creating long-term value and good returns for the stakeholders.

Daily Chart –

meghmani organics share price is trading at INR 139 with a volume of 60,30,630 shares on the National Stock Exchange when writing this content.

MOL is a value pick stock of Finblab and is maintaining a BULLISH view on the company.

>> Also Read: Q1 Numbers of Meghmani Finechem Ltd

11 February 2019

Meghmani Organics Ltd, an Indian organization engaged in the business of pesticides and other pigment products has declared its Q3 FY 2018-19 numbers today during the market hours! The Company has posted good set of results for the quarter under review.

The Company has posted revenues of INR 552.34 Cr for the period ended 31 December ’18 versus INR 450.43 Cr same quarter last year, registering a jump of 22.65% year-on-year basis. The Company’s QoQ revenues from operations grew by 10.16 percent ( INR 501.40 Cr for July to September ’18 quarter )

The Company has achieved higher revenue growth because of healthy performance across business segment, wherein revenues from pigment products grew by 4.84% YoY (INR 159.87 Cr vs 152.48 Cr), revenues from agrochemicals jumped by 32.66% year-on-year (INR 205.2 Cr vs 154.77 Cr), revenues from basic chemicals grew by 26.95% YoY (INR 192.52 Cr vs 151.65 Cr)

Total expenses of the company for October to December ’18 quarter stood at INR 439.47 Cr versus INR 367.56 Cr YoY.

The Company registered a PAT of INR 79.39 Cr for Q3 Fy 2018-19 as against INR 62.61 Cr same period last year, showing a jump of 26.80 percent YoY. The company’s profit after tax for the Q2 FY 2018-19 stood at INR 61.76 Cr jumped by 28.55 % QoQ

Meghmani Organics Ltd is a leading manufacturer of pigment and pesticide products in India and is the recipient of several prestigious awards in recognition of its outstanding business performance.

History: It was 1986, when Gujarat Industries (now Meghmani Organics) was established as a partnership firm in Gujarat, India to manufacture pigments.

High productivity and profitability transformed Gujarat Industries to a joint stock company, under the name of Meghmani Organics Limited, by 1995. Since then Meghmani Organics has diversified its business interests to include a range of pesticides and other pigment products as well.

Products: The product portfolio of Meghmani Organics covers 3 segments;

• Pigments: The Pigment Products which the company manufacture fall into 3 main categories; (1) Pigments for Plastics, (2) Pigments for Printing Inks, and (3) Pigments for Coatings
• Agrochemical: Agrochemical (Pesticides) products which the company manufacture fall into 3 main categories; (1) Technical Products, (2) Formulations, and (3) Intermediates
• New Products: The Company is keen identify a growing demand for high performance pigments due to fundamental shifts in the printing ink and paint sectors. The company will soon start producing water-based pigments. It will target export markets such as Japan by setting the course for the production of Hysol-P based CPC Blue product.

Certification: In 1999, The Company has received ISO 9001-2000 certification for the achievement of quality assurance in production, purchasing, marketing and distribution in relation to Vatva, Panoli and Chharodi Plants.

Stock Price Movement

The stock ended almost 7.45 rupees or 15.39% higher to INR 55.85 on NSE when the market closed on Monday! During the quarter ended 31st December 2018, the share prices of Meghmani Organics Ltd has made a low of INR 52.30 and high of INR 83.50

Meghmani Organics on Technical Charts

The stock prices of Meghmani Organics Ltd is trading 25.55% lower when compared to its 200 EMA (74.85) and trading 3.64% lower when compared to its 50 EMA (57.85)

Average Return

The stock has given -37.25% returns over the past 6 months and -47.80% returns over the last 12 months.

Meghmani Organics current market cap is more than INR 1400 Cr and trading at a PE ratio of 6.66

Also Read

Finblab Value Pick Stock of the Month : KEI Industries Limited

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Meghmani Organics Ltd: Update appeared first on Upcoming ipos: Latest news on stocks, economy & finance.