Meghmani Organics Ltd
About
Meghmani Organics Limited, established on October 15, 2019, is a leading pesticides and agrochemicals manufacturer headquartered in Ahmedabad, Gujarat. The company traces its roots back to 1986, when it was founded as M/s Gujarat Industries by Executive Chairman Jayanti Patel, along with Managing Directors Ashish Soparkar and Natwarlal Patel, and Executive Directors Ramesh Patel and Anand I. Patel.Meghmani Organics specializes in pigments and agrochemicals, with a global presence in over 75 countries. The company is a market leader in green and blue pigments, which are widely used in printing inks, paints, coatings, and plastics. It operates three pigment manufacturing facilities in Vatva, Panoli, and Dahej SEZ, Gujarat, with 75% of its pigment revenues coming from exports. The company’s R&D center, recognized by the Ministry of Science and Technology, drives innovation and product development, further strengthening its leadership in specialty chemicals and agro-solutions worldwide.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue (INR Cr) | 1506 -44.1% | 2695 -2.4% | 2761 59.5% | 1731 111.0% | 820 - |
| Net Operating Income (INR Cr) | 1566 -38.64% | 2553 2.17% | 2498 52.66% | 1637 133.96% | 700 0.00% |
| Profit (INR Cr) | -106 - | 238 -21.9% | 304 63.3% | 186 24.7% | 150 - |
| Assets (INR Cr) | 2400 -5.2% | 2532 27.3% | 1989 36.6% | 1456 14.9% | 1268 - |
| Net Worth (INR Cr) | 1528 -8.5% | 1669 13.9% | 1466 25.0% | 1173 18.9% | 986 0.0% |
| Employee Cost (INR Cr) | 113 4.5% | 108 16.0% | 93 11.9% | 84 166.8% | 31 - |
| Interest Cost (INR Cr) | 46 | 66 | 9 | 11 | 18 |
| Cash & Bank Balance (INR Cr) | 20 | 33 | 11 | 21 | 9 |
| Total Debt (INR Cr) | 837 | 824 | 499 | 268 | 264 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Profit As % Of Revenues | - | 8.8% | 11.0% | 10.8% | 18.2% |
| Profit As % Of Assets | - | 9.4% | 15.3% | 12.8% | 11.8% |
| Profit As % Of Networth | - | 14.2% | 20.8% | 15.9% | 15.2% |
| Interest Cost to EBITDA % | - | 19.3% | 2.5% | 4.0% | 17.6% |
| Debt to Equity Ratio | 0.55 | 0.49 | 0.34 | 0.23 | 0.27 |
| RONW | - | 15.2% | 23.1% | 17.3% | 17.8% |
| ROCE | -3.0% | 16.8% | 24.3% | 19.3% | 20.8% |