---
title: "Meghmani Organics Ltd(Merged) (MEGH) — Share Price, Financials & Analysis"
symbol: "MEGH"
company: "Meghmani Organics Ltd(Merged)"
canonical: "https://tapetide.com/stocks/MEGH"
nse_symbol: "MEGH"
sector: "Commodities"
industry: "Fertilizers & Agrochemicals"
generated_at: "2026-09-13T19:38:54.924Z"
---

# Meghmani Organics Ltd(Merged) (MEGH)

Canonical page: https://tapetide.com/stocks/MEGH

## Company

- **NSE Symbol:** MEGH
- **Sector:** Commodities
- **Industry:** Fertilizers & Agrochemicals
- **Macro Sector:** Commodities
- **Stock Type:** DELISTED
- **Listed Since:** 2007-06-28
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** meghmani.com

## About

Meghmani Organics Ltd (MOL) manufactures green and blue pigment products, which are used to manufacture printing ink, plastic, paints, textiles, leather, and rubber.
It also manufactures a wide variety of commonly used pesticides for crop and non-crop applications, this include insect control in wood preservation and food grain storage. [1]
In 2009, Meghmani Finechem Ltd (MFL), subsidiary of MOL also commissioned its caustic soda plant, which has the capacity of 294,000 tonnes per annum and is powered by a 96-megawatt captive power plant. [2]

## Latest Price

- **Price:** ₹138.25
- **Change:** 0 (0%)
- **Open:** ₹138.25
- **Day High:** ₹141.5
- **Day Low:** ₹133.25
- **Previous Close:** ₹138.25
- **Volume:** 0

## Key Insights

### Strengths

- Company has delivered good profit growth of 35.3% CAGR over last 5 years
- Company's working capital requirements have reduced from 69.8 days to 26.9 days

### Weaknesses

- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -11% | 39% | 35% |
| revenue growth | 0% | 16% | 11% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 471 | 476 | 501 | 552 | 558 | 616 | 532 | 522 | 520 | 428 | 626 | 658 |
| Expenses | 351 | 352 | 385 | 407 | 399 | 481 | 422 | 418 | 436 | 332 | 453 | 499 |
| Operating Profit | 120 | 124 | 117 | 145 | 159 | 135 | 110 | 105 | 84 | 96 | 172 | 159 |
| OPM % | 25 | 26 | 23 | 26 | 28 | 22 | 21 | 20 | 16 | 23 | 28 | 24 |
| Other Income | 13 | 14 | 17 | 4 | -18 | 4 | 18 | 8 | 26 | 3 | 2 | 11 |
| Interest | 9 | 13 | 17 | 8 | 18 | 7 | 6 | 14 | 16 | 10 | 12 | 23 |
| Depreciation | 24 | 24 | 24 | 25 | 24 | 22 | 22 | 22 | 22 | 23 | 32 | 34 |
| Profit before tax | 100 | 100 | 93 | 117 | 99 | 110 | 100 | 77 | 73 | 66 | 130 | 113 |
| Tax % | 23 | 23 | 33 | 32 | 22 | 29 | 3 | 26 | 21 | 29 | 29 | 30 |
| Net Profit | 77 | 77 | 62 | 79 | 77 | 78 | 98 | 57 | 57 | 47 | 93 | 79 |
| EPS in Rs | 1.97 | 2.5 | 2.16 | 2.61 | 2.61 | 2.24 | 3.32 | 1.87 | 2.02 | 1.54 | 3.19 | 2.73 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1062 | 1058 | 1178 | 1294 | 1332 | 1420 | 1800 | 2088 | 2191 | 2232 |
| Expenses | 904 | 873 | 983 | 1075 | 1063 | 1131 | 1365 | 1540 | 1756 | 1720 |
| Operating Profit | 159 | 186 | 196 | 219 | 269 | 288 | 434 | 548 | 436 | 512 |
| OPM % | 15 | 18 | 17 | 17 | 20 | 20 | 24 | 26 | 20 | 23 |
| Other Income | 12 | 12 | 6 | -10 | 17 | 9 | 26 | 14 | 55 | 42 |
| Interest | 74 | 64 | 68 | 75 | 63 | 51 | 40 | 56 | 43 | 61 |
| Depreciation | 75 | 75 | 80 | 75 | 77 | 91 | 95 | 97 | 89 | 112 |
| Profit before tax | 23 | 58 | 54 | 60 | 146 | 156 | 326 | 409 | 359 | 381 |
| Tax % | 84 | 51 | 34 | 23 | 24 | 25 | 27 | 28 | 20 | — |
| Net Profit | 4 | 28 | 35 | 46 | 111 | 116 | 238 | 295 | 289 | 276 |
| EPS in Rs | 0.14 | 0.68 | 0.9 | 1.73 | 3.24 | 3.45 | 6.74 | 9.88 | 9.44 | 9.48 |
| Dividend Payout % | 73 | 15 | 11 | 23 | 9 | 12 | 6 | 10 | 11 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
| Reserves | 469 | 451 | 477 | 493 | 526 | 732 | 693 | 845 | 978 | 1184 |
| Borrowings | 715 | 763 | 717 | 754 | 644 | 578 | 461 | 386 | 716 | 790 |
| Other Liabilities | 257 | 246 | 321 | 391 | 346 | 258 | 401 | 555 | 657 | 738 |
| Total Liabilities | 1466 | 1485 | 1540 | 1663 | 1542 | 1594 | 1580 | 1811 | 2376 | 2737 |
| Fixed Assets | 654 | 656 | 623 | 689 | 781 | 735 | 778 | 795 | 737 | 926 |
| CWIP | 56 | 86 | 165 | 126 | 23 | 92 | 19 | 103 | 518 | 792 |
| Investments | 36 | 20 | 25 | 1 | 24 | 1 | 29 | 72 | 1 | 1 |
| Other Assets | 720 | 724 | 728 | 848 | 713 | 766 | 754 | 841 | 1122 | 1018 |
| Total Assets | 1466 | 1485 | 1540 | 1663 | 1542 | 1594 | 1580 | 1811 | 2376 | 2737 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 126 | 134 | 205 | 136 | 252 | 201 | 259 | 405 | 375 | 404 |
| Cash from Investing Activity | -119 | -75 | -94 | -46 | -59 | -73 | -96 | -274 | -291 | -481 |
| Cash from Financing Activity | 9 | -50 | -132 | -60 | -213 | -134 | -164 | -128 | 45 | -48 |
| Net Cash Flow | 16 | 8 | -21 | 30 | -19 | -6 | -1 | 2 | 129 | -125 |
| Free Cash Flow | 23 | 44 | 84 | 61 | 206 | 107 | 188 | 163 | -1 | -86 |
| CFO/OP | 96 | 88 | 116 | 78 | 122 | 87 | 101 | 106 | 88 | 110 |

### Ratios

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 120 | 114 | 117 | 109 | 89 | 90 | 85 | 76 | 75 | 88 |
| Inventory Days | 83 | 96 | 107 | 132 | 103 | 161 | 111 | 107 | 145 | 104 |
| Days Payable | 69 | 62 | 87 | 92 | 68 | 92 | 75 | 78 | 91 | 81 |
| Cash Conversion Cycle | 135 | 148 | 138 | 149 | 124 | 159 | 121 | 105 | 130 | 111 |
| Working Capital Days | 173 | 169 | 160 | 163 | 131 | 139 | 126 | 96 | 87 | 27 |
| ROCE % | 7 | 7 | 10 | 9 | 11 | 17 | 16 | 26 | 29 | 20 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 55.06% | 50.39% | 50.68% | 51.28% | 51.59% |
| FIIs | 3.19% | 3.59% | 1.88% | 1.96% | 1.54% |
| DIIs | 0.28% | 0.66% | 0.26% | 0.17% | 0% |
| Public | 41.47% | 45.36% | 47.18% | 46.59% | 46.86% |
| No. of Shareholders | 73697 | 102942 | 112988 | 107510 | 107488 |

### Quarterly

| Category | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 50.29% | 50.31% | 50.68% | 50.68% | 50.76% | 50.92% | 50.91% | 51.28% | 51.29% | 51.58% | 51.52% | 51.59% |
| FIIs | 3.49% | 3.05% | 2.47% | 1.88% | 2.65% | 2.57% | 2.04% | 1.96% | 1.59% | 1.53% | 1.58% | 1.54% |
| DIIs | 0.59% | 0.56% | 0.22% | 0.26% | 0.31% | 0.22% | 0.16% | 0.17% | 0.17% | 0.02% | 0% | 0% |
| Public | 45.63% | 46.08% | 46.63% | 47.18% | 46.27% | 46.29% | 46.89% | 46.59% | 46.95% | 46.87% | 46.9% | 46.86% |
| No. of Shareholders | 102711 | 104827 | 109841 | 112988 | 110564 | 109568 | 108332 | 107510 | 113265 | 110242 | 106798 | 107488 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 52.34 | Sell |
| EMA (10) | 52.74 | Sell |
| SMA (20) | 56.9 | Sell |
| EMA (20) | 55.07 | Sell |
| SMA (50) | 57.62 | Sell |
| EMA (50) | 57.6 | Sell |
| SMA (100) | 60.34 | Sell |
| EMA (100) | 59.78 | Sell |
| SMA (200) | 64.25 | Sell |
| EMA (200) | 61.58 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 39.73 | Neutral |
| MACD (12,26,9) | -2.53 | Sell |
| Stochastic (14,3,3) | 14.45 | Buy |
| ADX (14) | 15.57 | Neutral |
| Williams %R (14) | -72.67 | Neutral |
| ATR (14) | 3.43 | High Volatility |
| ROC (12) | -14.67 | Sell |
| Stoch RSI (14) | 27.72 | Neutral |
| UO (7,14,28) | 47.4 | Neutral |

## Filings & Documents

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2018 | [Concall - Oct 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5eb1dd6f-4784-4ee9-9dbe-a94b86164325.pdf) |
| Oct 2018 | [Concall - Oct 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/10/5eb1dd6f-4784-4ee9-9dbe-a94b86164325.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=59ad4dde-bef3-4952-88d0-ae3c59ab29c0.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/59ad4dde-bef3-4952-88d0-ae3c59ab29c0.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=421e5171-b940-4030-be06-34a9419442fd.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/421e5171-b940-4030-be06-34a9419442fd.pdf) |
| Nov 2016 | [Concall - Nov 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2448DF7A_C3E1_4D1A_A03A_0827A7A6C0A6_163248.pdf) |
| Nov 2015 | [Concall - Nov 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=AB40E856_7DB9_4145_ACA7_3C155EFA1937_142134.pdf) |
| May 2021 | [Concall - May 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e66c0a00-cca9-4af0-bf70-b9813282aa8a.pdf) |
| May 2021 | [Concall - May 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7a83b234-22c2-4747-a8c1-e96d8bf37d13.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/AR_16782_MEGH_2019_2020_19082020134910_19082020140002.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/AR_14679_MEGH_2018_2019_03072019144321_03072019150009.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/AR_13019_MEGH_2017_2018_13082018170358.zip) |
| from nse | [Annual Report 2017 from nse](https://archives.nseindia.com/annual_reports/AR_11031_MEGH_2016_2017_10082017114528.zip) |
| from nse | [Annual Report 2016 from nse](https://archives.nseindia.com/annual_reports/AR_9191_MEGH_2015_2016_02082016110700.zip) |
| from nse | [Annual Report 2015 from nse](https://archives.nseindia.com/annual_reports/AR_6401_MEGH_2014_2015_08072015210002.zip) |
| from nse | [Annual Report 2014 from nse](https://archives.nseindia.com/annual_reports/AR_3614_MEGH_2013_2014_04072014153551.zip) |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1485_MEGH_2012_2013_23092013094452.zip) |
| from nse | [Annual Report 2009 from nse](https://archives.nseindia.com/annual_reports/AR_MEGH_2008_2009_14082009113543.zip) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532865/5328650320.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:38:54.924Z.