Meghmani Organics Ltd.

•

meghmani.comBSE: 543331NSE: MOL

Market Cap₹ 1,618 Cr.

Current Price

High / Low₹ 88 / 36

Stock P/E25.2

Book Value₹ 63

Price to Book0.60

Dividend Yield0.00 %

ROCE6.7 %

ROE1.9 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Agro Chemicals: 75.0% • Pigments: 22.6% • Others: 2.4%

AI Sector View

AI GENERATED

Chemicals

Hold

The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.

Confidence

55%

View full sector analysis →

PROS

Latest quarter profit grew 280.0% YoY, showing strong momentum
Working capital cycle has improved - days down from 25 to 15
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

A large part of profit comes from other income (155.4% of PBT)
Company has a low return on equity of -1.8% over last 3 years
Company has a low return on capital employed of 2.4%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -6.12x)
Interest coverage is weak at 1.7x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsPesticides & Agrochemicals

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	UPL	577.00	24.11	48708.57	1.04	-73.00	58.52	10181.00	10.47	12.00	13.43
2.	PIIND	2396.05	31.20	36352.42	0.63	244.20	-38.95	1702.30	-10.43	16.00	21.69
3.	SUMICHEM	481.50	41.48	24033.87	0.27	214.51	20.45	1063.35	0.62	23.39	21.94
4.	BAYERCROP	3948.35	320.25	17744.71	3.80	321.60	15.39	1835.00	-4.16	30.08	20.03
5.	SHARDACROP	783.10	11.28	7065.17	1.92	88.02	-38.36	1073.77	9.03	31.10	17.32
6.	DHANUKA	977.80	14.68	4358.87	0.20	75.50	27.94	442.02	20.01	24.44	24.83
7.	RALLIS	203.90	24.15	3965.22	1.47	-14.15	-274.26	507.54	7.70	13.23	-0.56
8.	NACLIND	164.35	311.22	3849.79	0.00	20.84	59.82	383.33	-14.50	6.20	10.80
9.	BHAGCHEM	263.40	124.10	3415.48	0.06	133.29	3249.84	1950.19	1475.55	4.55	15.65
10.	GSPCROP	491.20	23.34	2285.00	0.20	263.94	1111.46	3859.95	1153.27	18.46	11.02
11.	BHARATRAS	1170.30	13.57	1945.16	0.04	372.30	838.73	3381.60	796.03	16.63	15.19
12.	MOL	63.62	25.18	1617.95	0.00	48.19	279.99	542.83	-11.54	6.67	18.04

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	426	379	352	410	414	544	569	553	614	577	509	474	543
	448	371	360	408	408	513	528	488	547	525	471	455	488
Operating Profit	-22	8	-8	2	6	31	41	65	67	52	38	20	55
OPM %	-5.19%	2.00%	-2.22%	0.49%	1.42%	5.62%	7.18%	11.83%	10.90%	9.03%	7.42%	4.16%	10.14%
	7	12	10	9	9	12	9	14	17	28	15	37	12
Interest	4	13	27	2	11	26	13	19	29	24	18	20	13
Depreciation	24	23	23	23	23	25	30	29	30	30	30	29	30
Profit before Tax	-43	-16	-48	-14	-19	-9	7	31	24	26	5	7	67
Tax %	20.03%	2.85%	20.25%	-25.42%	13.25%	-1.09%	159.24%	35.12%	47.78%	55.73%	178.27%	-12.45%	28.05%
Net Profit	0	0	0	0	-17	-9	-4	20	13	12	-4	8	48
	-1.36	-0.60	-1.50	-0.71	-0.66	-0.36	-0.17	0.78	0.50	0.45	-0.14	0.32	1.90

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	700	1,637	2,498	2,553	1,566	2,080	2,174	2,103
	595	1,354	2,120	2,212	1,587	1,937	1,998	1,939
Operating Profit	104	282	379	341	-20	143	176	165
OPM %	14.88%	17.26%	15.15%	13.36%	-1.29%	6.86%	8.12%	7.83%
	131	31	104	115	41	44	96	92
Interest	18	11	11	66	50	69	92	75
Depreciation	22	51	63	77	92	108	119	119
Profit before Tax	194	252	409	313	-121	9	62	105
Tax %	22.97%	25.94%	25.53%	24.08%	12.50%	211.94%	53.68%	38.65%
Net Profit	150	186	304	238	-106	-11	29	64
EPS	5.88	7.33	11.97	9.35	-4.17	-0.42	1.13	—
Dividend Payout %	0.00%	19.09%	11.70%	14.98%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 6%
3 Years:: -5%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: -31%
3 Years:: -51%

STOCK PRICE CAGR

10 Years:: —
5 Years:: -12%
3 Years:: -11%
1 Year:: -23%

RETURN ON EQUITY

10 Years:: —
5 Years:: 7%
3 Years:: -2%
Last Year:: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	25	25	25	25	25	25	25
	961	1,148	1,441	1,644	1,502	1,490	1,519
	270	269	505	845	677	680	606
Trade Payables	235	340	574	448	492	550	540
	166	192	253	236	342	340	330
Total Liabilities	1,657	1,974	2,798	3,198	3,039	3,085	3,021
	481	634	911	1,166	1,152	1,575	1,494
Capital Work in Progress	96	106	181	346	509	77	79
	191	304	211	183	114	3	5
	304	376	639	652	517	599	529
	0	4	2	2	433	567	672
Cash & Bank	9	21	11	33	20	31	25
	576	528	842	817	294	233	217
Total Assets	1,657	1,974	2,798	3,198	3,039	3,085	3,021

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	51	405	160	288	250	66	222
Cash from Investing	-3	-307	-133	-418	-178	31	-38
Cash from Financing	-26	-14	58	234	-85	-91	-190
	-8	12	-10	21	-14	6	-7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
49.32	49.33	49.33	49.41	48.98	48.98	48.98	48.95	48.95
1.39	2.22	1.90	1.81	1.94	1.48	1.33	1.34	0.91
0.20	0.42	0.25	0.48	0.37	0.00	0.00	0.00	0.00
0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
49.05	47.98	48.48	48.25	48.67	49.50	49.65	49.66	50.10

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Shareholders meeting

2026-09-08 - Proceedings and Scrutinizers report of 7th Annual General Meeting held on 08.09.2026.

2026-09-02

Copy of Newspaper Publication

2026-09-02 - Meghmani Organics Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-15

Copy of Newspaper Publication

2026-08-15 - Meghmani Organics Limited has informed the Exchange about Copy of Newspaper Publication for 7th Annual General Meeting and evoting

2026-08-14

Shareholders meeting

2026-08-14 - Meghmani Organics Limited has informed the Exchange regarding Notice of AGM to be held on September 08, 2026

2026-08-13

General Updates

2026-08-13 - Meghmani Organics Limited has informed the Exchange about Book Closure and Cut off date of 7th Annual General Meeting of the Company

2026-08-12

Copy of Newspaper Publication

2026-08-12 - Meghmani Organics Limited has informed the Exchange about Copy of Newspaper Publication of Pre Advertisement of Annual General Meeting of the Company.

2026-08-11

Copy of Newspaper Publication

2026-08-11 - Meghmani Organics Limited has informed the Exchange regarding the newspaper publication of the notice for the hearing of the Company s petition for the proposed Scheme of Amalgamation involving Kilburn Chemicals Limited and Meghmani Crop Nutrition Limited (Transferor Companies) with Meghmani Organics Limited (Transferee Company), along with their respective shareholders and creditors.

2026-08-04

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-04 - Meghmani Organics Limited has informed the Exchange about Transcript

2026-07-30

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-30 - Meghmani Organics Limited has informed the Exchange about Link of Recording

News

Recent coverage and analyst commentary for MOL

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Meghmani Organics Ltd.

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Free 5nance Account

Name

UPL

577.00

24.11

48708.57

1.04

-73.00

58.52

10181.00

10.47

12.00

13.43

PIIND

2396.05

31.20

36352.42

0.63

244.20

-38.95

1702.30

-10.43

16.00

21.69

SUMICHEM

481.50

41.48

24033.87

0.27

214.51

20.45

1063.35

0.62

23.39

21.94

BAYERCROP

3948.35

320.25

17744.71

3.80

321.60

15.39

1835.00

-4.16

30.08

20.03

SHARDACROP

783.10

11.28

7065.17

1.92

88.02

-38.36

1073.77

9.03

31.10

17.32

DHANUKA

977.80

14.68

4358.87

0.20

75.50

27.94

442.02

20.01

24.44

24.83

RALLIS

203.90

24.15

3965.22

1.47

-14.15

-274.26

507.54

7.70

13.23

-0.56

NACLIND

164.35

311.22

3849.79

0.00

20.84

59.82

383.33

-14.50

6.20

10.80

BHAGCHEM

263.40

124.10

3415.48

0.06

133.29

3249.84

1950.19

1475.55

4.55

15.65

GSPCROP

491.20

23.34

2285.00

0.20

263.94

1111.46

3859.95

1153.27

18.46

11.02

BHARATRAS

1170.30

13.57

1945.16

0.04

372.30

838.73

3381.60

796.03

16.63

15.19

MOL

63.62

25.18

1617.95

0.00

48.19

279.99

542.83

-11.54

6.67

18.04

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

426

379

352

410

414

544

569

553

614

577

509

474

543

448

371

360

408

513

528

488

547

525

471

455

488

Operating Profit

-22

-8

OPM %

-5.19%

2.00%

-2.22%

0.49%

1.42%

5.62%

7.18%

11.83%

10.90%

9.03%

7.42%

4.16%

10.14%

Interest

Depreciation

Profit before Tax

-43

-16

-48

-14

-19

-9

Tax %

20.03%

2.85%

20.25%

-25.42%

13.25%

-1.09%

159.24%

35.12%

47.78%

55.73%

178.27%

-12.45%

28.05%

Net Profit

-17

-9

-4

-1.36

-0.60

-1.50

-0.71

-0.66

-0.36

-0.17

0.78

0.50

0.45

-0.14

0.32

1.90

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

700

1,637

2,498

2,553

1,566

2,080

2,174

2,103

595

1,354

2,120

2,212

1,587

1,937

1,998

1,939

Operating Profit

104

282

379

341

-20

143

176

165

OPM %

14.88%

17.26%

15.15%

13.36%

-1.29%

6.86%

8.12%

7.83%

131

104

115

Interest

Depreciation

108

119

Profit before Tax

194

252

409

313

-121

105

Tax %

22.97%

25.94%

25.53%

24.08%

12.50%

211.94%

53.68%

38.65%

Net Profit

150

186

304

238

-106

-11

EPS

5.88

7.33

11.97

9.35

-4.17

-0.42

1.13

—

Dividend Payout %

0.00%

19.09%

11.70%

14.98%

0.00%

—

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

961

1,148

1,441

1,644

1,502

1,490

1,519

270

269

505

845

677

680

606

Trade Payables

235

340

574

448

492

550

540

166

192

253

236

342

340

330

Total Liabilities

1,657

1,974

2,798

3,198

3,039

3,085

3,021

481

634

911

1,166

1,152

1,575

1,494

Capital Work in Progress

106

181

346

509

191

304

211

183

114

304

376

639

652

517

599

529

433

567

672

Cash & Bank

576

528

842

817

294

233

217

Total Assets

1,657

1,974

2,798

3,198

3,039

3,085

3,021

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

405

160

288

250

222

Cash from Investing

-3

-307

-133

-418

-178

-38

Cash from Financing

-26

-14

234

-85

-91

-190

-8

-10

-14

-7

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

49.32

49.33

49.41

48.98

48.95

1.39

2.22

1.90

1.81

1.94

1.48

1.33

1.34

0.91

0.20

0.42

0.25

0.48

0.37

0.00

0.04

49.05

47.98

48.48

48.25

48.67

49.50

49.65

49.66

50.10

Meghmani Organics Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Meghmani Organics Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI