Update
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
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