loader2
Partner With Us NRI

Meghmani Organics Ltd share Price Today

Company details

80.50
82.40
71.90
104.50
6M Return 12.24%
1Y Return 0.62%
Mkt Cap.(Cr) 2,063.76
Volume 489,213
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 489,213

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

Agrochemicals company Meghmani Organics announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue from operations: Rs 399.8 crore
  • EBITDA: Rs 10.1 crore
  • Gradual improvement on QoQ basis

FY24 Financial Highlights:

  • Revenue from operations: Rs 1,539.9 crore
  • EBITDA: Rs 9.5 crore
  • Impacted by sluggish demand and lower product price realizations
  • Inventory destocking: ~Rs 70 crore

Crop Protection Segment (FY24):

  • Constitutes ~70% of overall revenue
  • Net Revenue: Rs 1,078.9 crore
  • EBITDA: Rs 44.1 crore
  • Impacted by sluggish global demand and high channel inventory
  • High interest rate scenario affecting performance

Pigments Segment (FY24):

  • Constitutes ~30% of overall revenue
  • Net Revenue: Rs 461.0 crore
  • EBITDA: Rs (6.6) crore
  • Impacted by price erosion in global pigment industry
  • Demand contraction affecting performance

Commenting on Q4 & FY24 performance, Ankit Patel, Chairman & Managing Director said “For the quarter under review, there was a gradual improvement on a QoQ basis however on a full year basis our revenue and profitability were impacted by continued sluggish global demand, lower product price realizations across markets, and inventory destocking.

We have recently commissioned our Nano Urea plant and Titanium Dioxide (TiO2)’s co-gen power plant. Moving into FY25, contribution from Nano Urea and TiO2 will complement our existing Crop Protection and Pigment businesses in which we see gradual recovery in demand followed by improved pricing from H2FY25.

We also plan to introduce 4 to 5 products in fertilizers, biofertilizer and biostimulant category in our Crop Nutrition basket, providing a comprehensive, one-stop solution for our farmers to improve the productivity and nutrient use efficiency.

To conclude, once again I would like to reiterate that our long-term growth prospects remain intact, given our expanded infrastructure, plant compatibility, wider product range, and geographical reach which will help Meghmani Organics to command sustainable long-term position.”

Result PDF

View Other Company Results

Meghmani Organics Ltd shares SWOT Analysis

Strengths (4)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
  • Company with Zero Promoter Pledge

Weakness (12)

  • Red Flag: High Interest Payments Compared to Earnings
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (1)

  • Stock with Low PE (PE < = 10)

Threats (1)

  • RSI indicating price weakness

Resistance and support

R1 82.9
R2 84.2
R3 84.9
Pivot

82.20

S1 81.0
S2 80.3
S3 79.0
EMA SMA
84.0
84.9
84.6
85.1
84.8
84.6
85.8
82.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-02-23 97.12 1316915 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-02-23 97.21 1316915 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-02 87.53 2851031 NSE
Name Category Shares
Ashishbhai Natawarlal Soparkar PROMOTER 10.04%
Patel Natwarlal Meghjibhai PROMOTER 8.32%
Jayantibhai Meghjibhai Patel PROMOTER 7.09%
Rameshbhai Meghjibhai Patel PROMOTER 6.32%
Anandbhai Ishwarbhai Patel PROMOTER 3.1%
Taraben Jayantilal Patel PROMOTER 2.89%
Patel Natubhai Meghjibhai HUF PROMOTER 2.03%
Patel Ankit Natwarlal PROMOTER 1.33%
Bhartiben Natubhai Patel PROMOTER 0.79%
Patel Karana Rameshbhai PROMOTER 0.78%
Maulik Jayantibhai Patel PROMOTER 0.62%
Disha Kevatkumar Vanani PROMOTER 0.59%
Kaushal Ashishbhai Soparkar PROMOTER 0.55%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Meghmani Organics Ltd Stocks COMPARISON

Financials( in Cr) Meghmani Organics Ltd P I Industries Ltd UPL Ltd Bayer CropScience Ltd Sumitomo Chemical India Ltd
Price 81.15 3,723.95 519.15 5,632.15 417.95
% Change -0.61 3.88 1.38 -1.50 1.30
Mcap Cr 2,063.76 56,499.02 38,967.81 25,312.01 20,861.81
Revenue TTM Cr 2,552.62 6,492.00 53,576.00 5,139.70 3,510.97
Net Profit TTM Cr 237.71 1,229.50 4,414.00 758.20 502.21
PE TTM 0.00 34.15 0.00 32.13 62.12
1 Year Return 0.62 12.23 -22.56 36.47 5.05
ROCE 16.76 21.56 15.20 32.05 29.85
ROE 15.16 18.46 16.20 25.91 23.31
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,669.23 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -30,251.22
LAST 3M 104,708.81 -33,860.28
LAST 6M 170,310.47 50,918.71
LAST 12M 264,009.23 128,860.46

Meghmani Organics Ltd Information

Stock PE (TTM)
0
Promoter Holding
49.32%
Book Value
60.071
ROCE
16.76%
ROE
15.16%
Description
  • Meghmani Organics Limited is a chemical manufacturing company with a market capitalization of Rs 2522.80 crore on 20th August ‘2021. Meghmani Organics Limited was incorporated on 02nd January ‘1995. The Bombay Stock Exchange (BSE) has assigned number 543331. As of 20th August 2021, Meghmani Organics Limited is trading at Rs. 99.20.

    The company is in the manufacturing of Pigments and Agrochemicals. The company is specialized in green and blue pigment, which has varied used applications, including printing Inks, Plastic, Rubber, Paints, Textiles, Leather, and Paper. The company’s agrochemical products find primary applications in crop protection and non-crop applications such as public health, termite and insect control, and veterinary applications. The company has six manufacturing facilities in Gujrat. The company has a Pan-India presence in around 75 countries with 3000 distributors. It also has a portfolio of more than 400 clients. As of 31st March 2019, the company had five subsidiaries, Meghmani Organics USA INC, P.T. Meghmani Organics Indonesia, Meghmani Overseas FZE-Sharjah-Dubai, Meghmani Finechem Limited, and Meghmani Agrochemicals Private Limited. As of 31st March 2020, Promoters within the company hold 51.52% of the total shareholding. Indian Public held the Balance of 48.48%. The Shareholders holding more than 5% of shares are Aashishbhai Natarwarlal Soparkar (10.52%), Patel Natarwarlal Meghjibhai (8.58%), Jayantibhai Meghjibhai Patel (7.45%), and Rameshbhai Meghjibhai Patel (6.57%). A company, Meghmani Organochem Limited, was incorporated on 15th October 2019 under the Companies Act, 2013 in Gujarat vide Certificate of Incorporation issued by the Registrar of Companies, Gujarat (&quot;RoC&quot;). It was incorporated as a wholly-owned subsidiary of Meghmani Organics Limited. According to the Scheme of amalgamation, the name of Meghmani Organochem Limited is changed to “Meghmani Organics Limited” upon receipt of the certificate of incorporation consequent upon change of name dated 03rd August 2021 from the RoC.

    In the financial year 2020-21, the company’s revenue from the Pigment segment is 57,838 lakhs, i.e. 35.63% of total revenue compared to which it was 28,366 lakhs in the corresponding year with covering 40.92% of total revenue. The Revenue of Agrochemicals has increased to 104,506 lakhs in FY 2020-21 from 40,956 lakhs in the corresponding year.

No Data Found

AGM Date (Month) : Jun
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 543331
NSE Code : MOL
Book Closure Date (Month) :
BSE Group : A
ISIN : INE0CT101020

FAQ’s on Meghmani Organics Ltd Shares

You can buy Meghmani Organics Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Meghmani Organics Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 22, 2024 12:54 PM the closing price of Meghmani Organics Ltd was Rs.81.15.

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 May 22, 2024 12:54 PM, the market cap of Meghmani Organics Ltd stood at Rs. 2,063.76.

The latest PE ratio of Meghmani Organics Ltd as of May 22, 2024 12:54 PM is 0.00

The latest PB ratio of Meghmani Organics Ltd as of May 22, 2024 12:54 PM is 0.74

The 52-week high of Meghmani Organics Ltd share price is Rs. 104.50 while the 52-week low is Rs. 71.90

Download App

Download Our App

Play Store App Store
market app