MarketFriction

Meghmani Organics Ltd(Merged)

NSE MEGH · Pesticides & Agrochemicals
₹138.25 +0.44%
NSE close2021-05-17
Market cap₹3,516 Cr.
P/E14.8
Merged or delisted Delivery 57.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020
Sales471476501552558616532522520428626658
Expenses351352385407399481422418436332453499
Operating Profit1201241171451591351101058496172159
OPM %25%26%23%26%28%22%21%20%16%23%28%24%
Other Income1314174-184188263211
Interest91317818761416101223
Depreciation242424252422222222233234
Profit before tax1001009311799110100777366130113
Tax %23%23%33%32%22%29%3%26%21%29%29%30%
Net Profit777762797778985757479379
EPS in Rs1.972.502.162.612.612.243.321.872.021.543.192.73
Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020TTM
Sales8161,0451,0621,0581,1781,2941,3321,4201,8002,0882,1912,232
Expenses6938969048739831,0751,0631,1311,3651,5401,7561,720
Operating Profit124149159186196219269288434548436512
OPM %15%14%15%18%17%17%20%20%24%26%20%23%
Other Income18812126-1017926145542
Interest425474646875635140564361
Depreciation5169757580757791959789112
Profit before tax483423585460146156326409359381
Tax %18%13%84%51%34%23%24%25%27%28%20%
Net Profit40304283546111116238295289276
EPS in Rs2.031.490.140.680.901.733.243.456.749.889.449.48
Dividend Payout %20%27%73%15%11%23%9%12%6%10%11%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth10%11%16%0%
Compounded Profit Growth16%35%39%-11%
Stock Price CAGR12%%%%
Return on Equity15%20%24%22%
Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Equity Capital252525252525252525252525
Reserves4034424694514774935267326938459781,184
Borrowings569639715763717754644578461386716790
Other Liabilities264242257246321391346258401555657738
Total Liabilities1,2611,3491,4661,4851,5401,6631,5421,5941,5801,8112,3762,737
Fixed Assets199641654656623689781735778795737926
CWIP418445686165126239219103518792
Investments41193620251241297211
Other Assets6026457207247288487137667548411,1221,018
Total Assets1,2611,3491,4661,4851,5401,6631,5421,5941,5801,8112,3762,737
Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Cash from Operating Activity5581126134205136252201259405375404
Cash from Investing Activity-313-114-119-75-94-46-59-73-96-274-291-481
Cash from Financing Activity289319-50-132-60-213-134-164-12845-48
Net Cash Flow30-1168-2130-19-6-12129-125
Free Cash Flow-266-5623448461206107188163-1-86
CFO/OP78%81%96%88%116%78%122%87%101%106%88%110%
Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Debtor Days131141120114117109899085767588
Inventory Days79948396107132103161111107145104
Days Payable657469628792689275789181
Cash Conversion Cycle144161135148138149124159121105130111
Working Capital Days188199173169160163131139126968727
ROCE %11%8%7%7%10%9%11%17%16%26%29%20%
Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021
Promoters50.29%50.31%50.68%50.68%50.76%50.92%50.91%51.28%51.29%51.58%51.52%51.59%
FIIs3.49%3.05%2.47%1.88%2.65%2.57%2.04%1.96%1.59%1.53%1.58%1.54%
DIIs0.59%0.56%0.22%0.26%0.31%0.22%0.16%0.17%0.17%0.02%0.00%0.00%
Public45.63%46.08%46.63%47.18%46.27%46.29%46.89%46.59%46.95%46.87%46.90%46.86%
No. of Shareholders1,02,7111,04,8271,09,8411,12,9881,10,5641,09,5681,08,3321,07,5101,13,2651,10,2421,06,7981,07,488

Fundamentals

Market Cap₹ 3,516 Cr.
Current Price₹ 138
Stock P/E14.8
Book Value₹ 52.2
ROCE19.9 %
ROE21.8 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)0%
Compounded Profit Growth (TTM)-11%
Consolidated figures.
Valuation
Market capRs 3,516 Cr
Enterprise valueRs 4,297 Cr
P/E (TTM)14.59x
Price to book2.91x
Price to sales1.58x
EV / EBITDA7.76x
EV / EBIT9.72x
EV / sales1.93x
Price to cash flow8.70x
Earnings yield6.85%
Dividend yield0.72%
P/E, 3-year average7.54x
P/B, 3-year average1.60x
P/E, 5-year average8.08x
P/B, 5-year average1.37x
Profitability
Operating margin (excl. other income)19.88%
Operating margin (incl. other income)22.37%
EBITDA margin24.82%
Pre-tax margin17.08%
Net profit margin10.80%
Net margin, latest quarter10.54%
ROE21.71%
ROCE21.60%
ROA9.39%
ROE, 3-year average23.36%
ROCE, 3-year average27.61%
ROA, 3-year average10.50%
ROE, 5-year average18.91%
ROCE, 5-year average23.17%
ROA, 5-year average8.46%
ROIC (approx.)17.89%
Tax rate19.50%
Other income / net worth4.52%
Growth
Sales growth (latest year)4.95%
Profit growth (latest year)-4.43%
Sales CAGR, 3 years15.57%
Sales CAGR, 5 years11.11%
Profit CAGR, 3 years39.90%
Profit CAGR, 5 years40.48%
Sales growth QoQ5.12%
Profit growth QoQ-14.55%
Sales growth YoY (latest quarter)25.94%
Profit growth YoY (latest quarter)45.64%
Per share
EPS (TTM)Rs 9.47
EPS (latest year)Rs 9.44
EPS (latest quarter)Rs 2.73
EPS, 3-year averageRs 8.69
EPS, 5-year averageRs 6.55
Book value per shareRs 47.54
Sales per shareRs 87.75
Cash flow per shareRs 15.90
Free cash flow per shareRs -3.38
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 0.80
Dividend per share, 5-year averageRs 0.62
Dividends
Dividend payout10.59%
Dividend payout, 3-year average8.88%
Dividend payout, 5-year average9.50%
Efficiency
Asset turnover0.80x
Fixed asset turnover2.37x
Inventory turnover4.21x
Inventory days87 days
Debtor days88 days
Debtors turnover4.13x
Creditor days81 days
Cash conversion cycle111 days
Working capital days27 days
Leverage
Total debtRs 790 Cr
Cash and bankRs 9 Cr
Net debtRs 781 Cr
Debt to equity0.65x
Net debt / EBITDA1.41x
Interest coverage7.25x
Owners' fund to total sources44.18%
Debt to assets28.87%
Cash flow
Cash from Operating Activity (latest year)Rs 404 Cr
Cash from Investing Activity (latest year)Rs -481 Cr
Cash from Financing Activity (latest year)Rs -48 Cr
Net Cash Flow (latest year)Rs -125 Cr
Free cash flow (latest year)Rs -86 Cr
FCFE (approx.: FCF + change in debt)Rs -12 Cr
Cash from ops / profit, 5 years1.57x
Sales to cash flow5.42x
Statement figures
Net sales (TTM)Rs 2,232 Cr
Net sales (latest year)Rs 2,191 Cr
Sales (latest quarter)Rs 658 Cr
Operating profit excl. other income (latest year)Rs 436 Cr
Operating profit (latest quarter)Rs 159 Cr
Other income (TTM)Rs 42 Cr
EBITDA (TTM)Rs 554 Cr
PBDT (TTM)Rs 493 Cr
Profit before tax (TTM)Rs 381 Cr
Tax (latest year)Rs 70 Cr
Net profit (TTM)Rs 241 Cr
Net profit (latest year)Rs 240 Cr
Net profit (latest quarter)Rs 69 Cr
Depreciation (TTM)Rs 112 Cr
Depreciation (latest quarter)Rs 34 Cr
Interest (TTM)Rs 61 Cr
Cost of goods sold (latest year)Rs 1,481 Cr
Total expenditure (latest year)Rs 1,756 Cr
Total income (latest year)Rs 2,246 Cr
Share capitalRs 25 Cr
ReservesRs 1,184 Cr
Shareholders' fundsRs 1,209 Cr
Total assetsRs 2,737 Cr
Net blockRs 926 Cr
Capital work in progressRs 792 Cr
InvestmentsRs 1 Cr
ReceivablesRs 531 Cr
InventoryRs 352 Cr
Other liabilitiesRs 738 Cr
Shares outstanding (crore)25.43
Ownership
Promoter holding51.59% (+0.31 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 14.6 is at the 73th percentile of its own 4.7-year range (median 10.1, low 3.7, high 34.3).
P/B 2.91 is at the 82th percentile (median 1.69).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodMEGHNifty 50Difference
1 week-5.4%-2.8% -2.6 pts
1 month+13.1%-6.8% +19.9 pts
3 months+70.7%-7.6% +78.3 pts
6 months+91.7%+0.4% +91.3 pts
1 year+185.1%-9.9% +195.0 pts
2 years+116.9%-13.6% +130.4 pts
3 years+38.5%+14.2% +24.3 pts
5 years+237.2%+27.9% +209.3 pts

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Dec 2020
Sales ₹658 Cr +26.1% vs Dec 2019. Net profit ₹79 Cr +38.6%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
UPL Ltd45,40223.010.1 %
P I Industries Ltd34,72532.215.0 %
Sumitomo Chemical India Ltd21,52137.723.5 %
Bayer CropScience Ltd16,19122.129.1 %
Sharda Cropchem Ltd6,50910.430.2 %
Dhanuka Agritech Ltd4,14815.523.8 %
Rallis India Ltd3,88217.014.1 %
Bhagiradha Chemicals & Industries Ltd3,1281144.53 %
NACL Industries Ltd3,1011208.13 %
GSP Crop Science Ltd2,19821.018.9 %
Insecticides India Ltd1,70613.615.8 %
Bharat Rasayan Ltd1,67312.016.1 %
Astec Lifesciences Ltd1,552-5.44 %
India Pesticides Ltd1,53314.216.6 %
Meghmani Organics Ltd1,45822.76.71 %
No bulk or block deals on record.
Ex-dateActionFactor
2021-05-18 Merger/Demerger
2020-09-02 Annual General Meeting
2020-03-13 Interim Dividend - Re 1 Per Share
2019-07-17 Annual General Meeting/Dividend - Rs 0.40 Per Share
2019-03-19 Interim Dividend - Re 0.60 Per Share
2018-07-19 Dividend Re 0.40 Per Share
2017-07-18 Annual General Meeting/Dividend - Re 0.40 Per Share
2016-07-15 Annual General Meeting
2016-03-17 Interim Dividend - Re 0.30/- Per Share (Purpose Revised)
2015-07-16Annual General Meeting
2015-02-18Interim Dividend - Re 0.40/- Per Share
2014-07-22Annual General Meeting/Dividend - Re.0.10/- Per Share
2013-07-18Annual General Meeting/Dividend Rs 0.10/- Per Equity Share
2012-07-19Annual General Meeting And Dividend Re.0.10 Per Share (Bc Dates Revised)
2011-07-14Dividend-Re.0.40 Per Share
2010-07-15Dividend-Re.0.40 Per Share
2009-07-16Agm/Divi-Re0.33 Per Share
2008-07-17Agm/Dividend - 30%
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Meghmani Organics Ltd(Merged)?

Meghmani Organics Ltd(Merged) (MEGH) has a market capitalisation of Rs 3,516 Cr. at the 2021-05-17 close.

What is the P/E ratio of Meghmani Organics Ltd(Merged)?

Meghmani Organics Ltd(Merged) trades at a P/E of 14.8 on trailing twelve-month profit, at the 2021-05-17 close.

What were Meghmani Organics Ltd(Merged)'s latest quarterly results?

In the Dec 2020 quarter, Meghmani Organics Ltd(Merged) sales was Rs 658 Cr (+26.1% vs Dec 2019) and net profit was Rs 79 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03