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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Meghmani Organics Ltd

About the Company - Meghmani Organics Ltd

Meghmani Organics Ltd. is a Public Limited Listed company incorporated on 15/10/2019 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L24299GJ2019PLC110321 and registration number is 110321. Currently Company is involved in the business activities of Manufacture of dyes and pigments from any source in basic form or as concentrate. Company’s Total Operating Revenue is Rs. 2493.97 Cr. and Equity Capital is Rs. 25.43 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Agro Chemicals/Pesticides1st to 3rd Floor, Near Raj Bunglow, Near Safal Profitaire, Ahmedabad Gujarat 380015ir@meghmani.com
http://www.meghmani.com
Management
NamePosition Held
Mr. Jayanti PatelExecutive Chairman
Mr. Ashish SoparkarManaging Director
Mr. Natwarlal PatelManaging Director
Mr. Ramesh PatelExecutive Director
Mr. Anand PatelExecutive Director
Ms. Urvashi D ShahIndependent Director
Mr. Manubhai K PatelIndependent Director
Prof. (Dr) Ganapati YadavIndependent Director
Dr. Varesh Govindprasad SinhaInd. Non-Executive Director
Mr. Shalin Niranjanbhai MehtaInd. Non-Executive Director

Basic Stock Data of Meghmani Organics Ltd

Last Updated: June 17, 2024, 8:23 pm

Market Cap 2,170 Cr.
Current Price 85.3
High / Low104/71.4
Stock P/E
Book Value 60.1
Dividend Yield1.64 %
ROCE3.08 %
ROE6.63 %
Face Value 1.00
PEG Ratio0.00

Competitors of Meghmani Organics Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Dharmaj Crop Guard Ltd 915 Cr. 271290/16620.6 1060.00 %14.4 %13.0 % 10.0
Best Agrolife Ltd 1,415 Cr. 5991,374/45413.3 2740.50 %16.5 %18.1 % 10.0
Adarsh Plant Protect Ltd 32.3 Cr. 32.635.7/15.665.9 1.470.00 %11.7 %40.3 % 10.0
Bhagiradha Chemicals & Industries Ltd 2,687 Cr. 258269/110132 40.10.15 %8.71 %5.55 % 1.00
UPL Ltd 41,659 Cr. 555696/448 3701.80 %3.31 %3.82 % 2.00
Industry Average10,167.59 Cr958.6337.46200.310.59%14.21%16.67%7.41

Meghmani Organics Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales448463498548640812783646549574426379352
Expenses357428410470562678652567497496448371360
Operating Profit9035887878134132785378-228-8
OPM %20%8%18%14%12%16%17%12%10%14%-5%2%-2%
Other Income1018282126273826242771210
Interest12-99-4-379-3431641327
Depreciation12141515151718181823242323
Profit before tax7648928893136142891567-43-16-48
Tax %26%25%25%26%26%25%23%25%46%19%20%3%20%
Net Profit563669656810210966854-34-15-38
EPS in Rs11,180.007,206.002.702.572.694.024.292.600.332.13-1.36-0.60-1.50

Last Updated: June 11, 2024, 3:02 am

Meghmani Organics Ltd Quarterly Chart

Meghmani Organics Ltd Profit & Loss

Last Updated: June 3, 2024, 3:48 pm

MonthMar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7001,6372,4982,5531,928
Expenses5951,3532,1192,2111,812
Operating Profit105283379342116
OPM %15%17%15%13%6%
Other Income1303010211470
Interest181196676
Depreciation2251637787
Profit before tax19425240931323
Tax %23%26%26%24%
Net Profit15018630423813
EPS in Rs29,914.0037,296.0011.979.350.50
Dividend Payout %17%19%12%15%

Meghmani Organics Ltd Profit & Loss Yearly Chart

Meghmani Organics Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:54%
TTM:-38%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:37%
TTM:-117%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-1%
Return on Equity
10 Years:%
5 Years:%
3 Years:18%
Last Year:14%

Last Updated: May 2, 2024, 9:36 am

Meghmani Organics Ltd Balance Sheet

Last Updated: June 3, 2024, 3:48 pm

MonthMar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital2525252525
Reserves9611,1481,4411,6441,559
Borrowings264268499824854
Other Liabilities407533832705499
Total Liabilities1,6571,9742,7983,1982,937
Fixed Assets4816349111,1661,149
CWIP101112188356461
Investments191304211183167
Other Assets8859241,4871,4941,161
Total Assets1,6571,9742,7983,1982,937

Meghmani Organics Ltd Reserves and Borrowings Chart

Meghmani Organics Ltd Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2233365204
Cash from Investing Activity 13-307-133-418
Cash from Financing Activity -26-1458234
Net Cash Flow812-1021

Meghmani Organics Ltd Financial Efficiency Indicators

MonthMar 2020Mar 2021Mar 2022Mar 2023
Debtor Days241927975
Inventory Days271152161158
Days Payable209137144108
Cash Conversion Cycle30210696124
Working Capital Days2398999113
ROCE %19%24%16%

Meghmani Organics Ltd Financial Efficiency Indicators Chart

Meghmani Organics Ltd Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters51.51%49.36%49.41%49.29%49.37%49.37%49.48%49.50%49.32%49.32%49.32%
FIIs1.34%1.25%1.25%1.44%1.64%1.57%1.53%1.50%1.34%1.30%1.52%
DIIs0.00%0.00%0.00%0.00%0.08%0.34%0.45%0.45%0.61%0.26%0.20%
Government0.00%0.00%0.04%0.05%0.05%0.05%0.05%0.04%0.04%0.04%0.04%
Public47.14%49.38%49.29%49.23%48.87%48.69%48.50%48.51%48.69%49.09%48.93%
No. of Shareholders1,18,9781,26,6141,27,3061,29,4061,30,9921,28,5071,27,1981,31,3361,40,6721,40,8291,52,703

Meghmani Organics Ltd Shareholding Pattern Chart

No. of Meghmani Organics Ltd Shareholders

Meghmani Organics Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund140,7450.191.06140,7452024-06-150%
Groww Nifty Total Market Index Fund3690.010140,7452024-06-15-99.74%

Meghmani Organics Ltd ROCE Trend

Meghmani Organics Ltd EPS Trend

Meghmani Organics Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)-4.179.3511.977.335.88
Diluted EPS (Rs.)-4.179.3511.977.335.88
Cash EPS (Rs.)-0.5412.3814.439.336.76
Book Value[Excl.RevalReserv]/Share (Rs.)60.0765.6457.6546.1338.79
Book Value[Incl.RevalReserv]/Share (Rs.)60.0765.6457.6546.1338.79
Revenue From Operations / Share (Rs.)61.59100.3798.2464.3627.51
PBDIT / Share (Rs.)0.6817.1918.6712.089.24
PBIT / Share (Rs.)-2.9414.1616.2010.098.35
PBT / Share (Rs.)-4.7612.3116.079.907.64
Net Profit / Share (Rs.)-4.179.3511.977.335.88
NP After MI And SOA / Share (Rs.)-4.179.3511.977.335.88
PBDIT Margin (%)1.1117.1219.0018.7633.57
PBIT Margin (%)-4.7714.1016.4915.6730.37
PBT Margin (%)-7.7312.2616.3615.3827.75
Net Profit Margin (%)-6.769.3112.1811.3921.38
NP After MI And SOA Margin (%)-6.769.3112.1811.3921.38
Return on Networth / Equity (%)-6.9414.2420.7615.8915.16
Return on Capital Employeed (%)-3.7716.6023.3718.8519.22
Return On Assets (%)-3.487.4310.889.449.02
Long Term Debt / Equity (X)0.250.240.140.100.05
Total Debt / Equity (X)0.540.490.330.180.22
Asset Turnover Ratio (%)0.500.881.060.890.00
Current Ratio (X)1.151.421.391.621.54
Quick Ratio (X)0.650.790.771.010.99
Inventory Turnover Ratio (X)1.552.423.182.810.00
Dividend Payout Ratio (NP) (%)0.0014.9711.690.0017.00
Dividend Payout Ratio (CP) (%)0.0011.319.690.0014.78
Earning Retention Ratio (%)0.0085.0388.310.0083.00
Cash Earning Retention Ratio (%)0.0088.6990.310.0085.22
Interest Coverage Ratio (X)0.376.6550.4527.4412.84
Interest Coverage Ratio (Post Tax) (X)-1.294.3332.7017.089.18
Enterprise Value (Cr.)2831.392761.813135.900.000.00
EV / Net Operating Revenue (X)1.811.081.260.000.00
EV / EBITDA (X)162.666.326.610.000.00
MarketCap / Net Operating Revenue (X)1.290.771.060.000.00
Retention Ratios (%)0.0085.0288.300.0082.99
Price / BV (X)1.321.181.810.000.00
Price / Net Operating Revenue (X)1.290.771.060.000.00
EarningsYield-0.050.120.110.000.00

Meghmani Organics Ltd Profitability Ratios (%)

Meghmani Organics Ltd Liquidity Ratios

Meghmani Organics Ltd Liquidity Ratios (%)

Meghmani Organics Ltd Interest Coverage Ratios (%)

Meghmani Organics Ltd Valuation Ratios

Fair Value

Fair Value: 60.75

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 28.78% compared to the current price 85.3

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 26.97

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 68.38% compared to the current price ₹85.3

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -55.61%

*Investments are subject to market risks

Strength and Weakness of Meghmani Organics Ltd Stock

StrengthWeakness
  1. The company has higher reserves (1,350.60 cr) compared to borrowings (541.80 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (141.20 cr) and profit (238.20 cr) over the years.
  1. The stock has a low average ROCE of 14.75%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 135.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 157.00, which may not be favorable.

FAQ

What is the latest fair value of Meghmani Organics Ltd?

The latest fair value of Meghmani Organics Ltd is ₹60.75.

What is the Market Cap of Meghmani Organics Ltd?

The Market Cap of Meghmani Organics Ltd is 2,170 Cr..

What is the current Stock Price of Meghmani Organics Ltd as on 21 June 2024?

The current stock price of Meghmani Organics Ltd as on 21 June 2024 is ₹85.3.

What is the High / Low of Meghmani Organics Ltd stocks in FY 2024?

In FY 2024, the High / Low of Meghmani Organics Ltd stocks is 104/71.4.

What is the Stock P/E of Meghmani Organics Ltd?

The Stock P/E of Meghmani Organics Ltd is .

What is the Book Value of Meghmani Organics Ltd?

The Book Value of Meghmani Organics Ltd is 60.1.

What is the Dividend Yield of Meghmani Organics Ltd?

The Dividend Yield of Meghmani Organics Ltd is 1.64 %.

What is the ROCE of Meghmani Organics Ltd?

The ROCE of Meghmani Organics Ltd is 3.08 %.

What is the ROE of Meghmani Organics Ltd?

The ROE of Meghmani Organics Ltd is 6.63 %.

What is the Face Value of Meghmani Organics Ltd?

The Face Value of Meghmani Organics Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Meghmani Organics Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE