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Meghmani Organics

NSEI:MEGH
Snowflake Description

Outstanding track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MEGH
NSEI
₹13B
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Meghmani Organics Limited manufactures, distributes, and sells pigments and pesticides. The last earnings update was 2 days ago. More info.


Add to Portfolio Compare Print
  • Meghmani Organics has significant price volatility in the past 3 months.
MEGH Share Price and Events
7 Day Returns
4.5%
NSEI:MEGH
-3.3%
IN Chemicals
-2.4%
IN Market
1 Year Returns
-49.8%
NSEI:MEGH
-6.8%
IN Chemicals
-8.9%
IN Market
MEGH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Meghmani Organics (MEGH) 4.5% -17.9% -25.6% -49.8% 159.5% 593.2%
IN Chemicals -3.3% -6.3% -3.9% -6.8% 69.2% 210.2%
IN Market -2.4% -4.4% -3.4% -8.9% 41.8% 80.3%
1 Year Return vs Industry and Market
  • MEGH underperformed the Chemicals industry which returned -6.8% over the past year.
  • MEGH underperformed the Market in India which returned -8.9% over the past year.
Price Volatility
MEGH
Industry
5yr Volatility vs Market

MEGH Value

 Is Meghmani Organics undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Meghmani Organics. This is due to cash flow or dividend data being unavailable. The share price is ₹50.6.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Meghmani Organics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Meghmani Organics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:MEGH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹8.99
BSE:532865 Share Price ** BSE (2019-02-15) in INR ₹50.45
India Chemicals Industry PE Ratio Median Figure of 235 Publicly-Listed Chemicals Companies 14.72x
India Market PE Ratio Median Figure of 2,731 Publicly-Listed Companies 15.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Meghmani Organics.

NSEI:MEGH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532865 Share Price ÷ EPS (both in INR)

= 50.45 ÷ 8.99

5.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Meghmani Organics is good value based on earnings compared to the IN Chemicals industry average.
  • Meghmani Organics is good value based on earnings compared to the India market.
Price based on expected Growth
Does Meghmani Organics's expected growth come at a high price?
Raw Data
NSEI:MEGH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
28.3%per year
India Chemicals Industry PEG Ratio Median Figure of 64 Publicly-Listed Chemicals Companies 1.09x
India Market PEG Ratio Median Figure of 606 Publicly-Listed Companies 1.11x

*Line of best fit is calculated by linear regression .

NSEI:MEGH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.61x ÷ 28.3%

0.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Meghmani Organics is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Meghmani Organics's assets?
Raw Data
NSEI:MEGH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹37.49
BSE:532865 Share Price * BSE (2019-02-15) in INR ₹50.45
India Chemicals Industry PB Ratio Median Figure of 271 Publicly-Listed Chemicals Companies 1.4x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
NSEI:MEGH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532865 Share Price ÷ Book Value per Share (both in INR)

= 50.45 ÷ 37.49

1.35x

* Primary Listing of Meghmani Organics.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Meghmani Organics is good value based on assets compared to the IN Chemicals industry average.
X
Value checks
We assess Meghmani Organics's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. Meghmani Organics has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MEGH Future Performance

 How is Meghmani Organics expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
28.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Meghmani Organics expected to grow at an attractive rate?
  • Meghmani Organics's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Meghmani Organics's earnings growth is expected to exceed the India market average.
  • Meghmani Organics's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:MEGH Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:MEGH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 28.3%
NSEI:MEGH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 7.7%
India Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 18.5%
India Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 14.3%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:MEGH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:MEGH Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-31 21,497 3,465 1
2019-03-31 19,722 2,947 1
NSEI:MEGH Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 19,646 5,099 2,285
2018-09-30 18,699 4,618 2,117
2018-06-30 18,923 4,511 2,051
2018-03-31 17,996 4,049 1,713
2017-12-31 16,919 2,829 1,612
2017-09-30 15,606 2,449 1,257
2017-06-30 15,116 2,459 1,031
2017-03-31 14,196 2,588 877
2016-12-31 14,063 2,686 1,110
2016-09-30 13,971 2,451 1,070
2016-06-30 13,211 2,185 955
2016-03-31 13,322 2,009 825

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Meghmani Organics's earnings are expected to grow significantly at over 20% yearly.
  • Meghmani Organics's revenue is expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:MEGH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Meghmani Organics Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MEGH Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-31 13.62 13.62 13.62 1.00
2019-03-31 11.59 11.59 11.59 1.00
NSEI:MEGH Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 8.99
2018-09-30 8.75
2018-06-30 8.29
2018-03-31 6.74
2017-12-31 6.34
2017-09-30 4.36
2017-06-30 4.16
2017-03-31 3.45
2016-12-31 4.37
2016-09-30 4.20
2016-06-30 3.43
2016-03-31 3.24

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Meghmani Organics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Meghmani Organics's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Meghmani Organics has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MEGH Past Performance

  How has Meghmani Organics performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Meghmani Organics's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Meghmani Organics has delivered over 20% year on year earnings growth in the past 5 years.
  • Meghmani Organics's 1-year earnings growth exceeds its 5-year average (41.8% vs 39.9%)
  • Meghmani Organics's earnings growth has exceeded the IN Chemicals industry average in the past year (41.8% vs 12.9%).
Earnings and Revenue History
Meghmani Organics's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Meghmani Organics Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MEGH Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 19,645.70 2,285.28 1,244.43
2018-09-30 18,699.08 2,117.40 1,191.16
2018-06-30 18,922.59 2,050.70 1,259.46
2018-03-31 17,996.15 1,713.22 1,110.02
2017-12-31 16,918.88 1,611.58 1,103.74
2017-09-30 15,606.05 1,256.61 979.91
2017-06-30 15,115.77 1,030.85 772.83
2017-03-31 14,195.88 877.04 686.49
2016-12-31 14,062.99 1,110.38 840.22
2016-09-30 13,971.11 1,069.75 809.66
2016-06-30 13,211.19 955.46 773.55
2016-03-31 13,321.73 825.03 764.85
2015-12-31 12,945.40 745.84 697.69
2015-09-30 12,829.21 469.77 725.65
2015-06-30 13,195.29 509.91 760.39
2015-03-31 12,942.07 438.90 735.03
2014-12-31 12,983.54 319.04 917.04 13.79
2014-09-30 12,903.99 509.50 866.10 13.79
2014-06-30 12,344.53 342.36 838.20 13.79
2014-03-31 11,783.30 228.04 803.11 13.79
2013-12-31 11,579.44 229.70 796.93
2013-09-30 11,088.61 102.46 775.09
2013-06-30 10,391.09 65.93 704.18
2013-03-31 10,585.22 172.17 708.06
2012-12-31 10,221.97 133.09 624.95
2012-09-30 10,527.82 82.30 629.30
2012-06-30 10,791.35 43.22 699.27
2012-03-31 10,622.40 34.84 704.41

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Meghmani Organics has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Meghmani Organics used its assets more efficiently than the IN Chemicals industry average last year based on Return on Assets.
  • Meghmani Organics has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Meghmani Organics's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Meghmani Organics has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MEGH Health

 How is Meghmani Organics's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Meghmani Organics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Meghmani Organics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Meghmani Organics's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Meghmani Organics's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Meghmani Organics Company Filings, last reported 1 month ago.

NSEI:MEGH Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 10,920.02 6,243.16 1,310.64
2018-09-30 10,128.64 6,384.25 1,536.64
2018-06-30 9,634.00 5,172.72 637.67
2018-03-31 10,919.04 3,858.18 756.83
2017-12-31 10,146.98 4,416.14 946.83
2017-09-30 9,521.95 4,452.40 525.56
2017-06-30 9,093.32 4,134.97 428.76
2017-03-31 8,731.95 4,609.54 305.88
2016-12-31 8,588.51 4,819.53 320.08
2016-09-30 8,274.14 5,075.60 365.28
2016-06-30 7,971.97 5,400.89 146.96
2016-03-31 7,575.35 5,780.52 114.35
2015-12-31 7,303.87 6,048.92 297.41
2015-09-30 6,958.14 5,949.67 304.77
2015-06-30 6,674.42 6,125.83 311.16
2015-03-31 6,458.79 6,435.86 329.26
2014-12-31 6,274.37 6,814.07 334.70
2014-09-30 6,338.42 6,886.02 384.20
2014-06-30 6,248.40 7,142.09 505.22
2014-03-31 6,104.83 7,543.54 372.82
2013-12-31 6,061.69 7,358.76 484.11
2013-09-30 5,864.05 7,482.99 793.91
2013-06-30 5,829.36 7,222.04 409.76
2013-03-31 5,817.22 7,171.48 339.23
2012-12-31 5,743.23 6,916.34 294.93
2012-09-30 5,743.61 6,579.24 484.64
2012-06-30 5,496.31 7,483.03 771.86
2012-03-31 5,327.48 7,626.93 630.28
  • Meghmani Organics's level of debt (57.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (121.4% vs 57.2% today).
  • Debt is well covered by operating cash flow (81.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.7x coverage).
X
Financial health checks
We assess Meghmani Organics's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Meghmani Organics has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MEGH Dividends

 What is Meghmani Organics's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.79%
Current annual income from Meghmani Organics dividends.
If you bought ₹2,000 of Meghmani Organics shares you are expected to receive ₹16 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Meghmani Organics's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Meghmani Organics's dividend is below the markets top 25% of dividend payers in India (2.1%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:MEGH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 165 Stocks 1%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:MEGH Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2020-03-31
2019-03-31
NSEI:MEGH Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-07-03 0.400 0.576
2017-06-29 0.400 0.462
2016-07-01 0.300 0.715
2016-05-30 0.300 0.761
2016-03-11 0.300 1.055
2015-07-03 0.400 1.841
2015-05-28 0.400 2.437
2015-02-12 0.400 2.393
2015-02-09 0.400 2.036
2014-08-04 0.100 0.476
2013-06-10 0.100 1.521
2012-07-10 0.100 1.420
2012-05-30 0.100 1.380
2011-05-30 0.400 4.362
2010-06-07 0.400 2.498
2010-05-31 0.400 2.529
2009-05-28 0.330 2.144
2009-02-17 0.300 3.671

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Meghmani Organics's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (22.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Meghmani Organics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Meghmani Organics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Meghmani Organics has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MEGH Management

 What is the CEO of Meghmani Organics's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ankit Patel
AGE 33
TENURE AS CEO 1.8 years
CEO Bio

Mr. Ankit Natwarlal Patel is a Co-Founder of Synergy Biofuels, LLC and serves as its Chief Executive Officer. Mr. Patel has been Chief Executive Officer of Meghmani Organics Limited since May 22, 2017 and serves as its Manager of Agro Business. He has been an Additional Director of Meghmani Finechem Limited since May 10, 2016. He holds a Bachelor of Chemical Engineering from D D Desai University, Master of Engineering in Engineering Management from Griffith Australia and Global Masters in Business Administration in Investment Banking from S P Jain center of Management.

CEO Compensation
  • Insufficient data for Ankit to compare compensation growth.
  • Insufficient data for Ankit to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure and age of the Meghmani Organics management team in years:

2.3
Average Tenure
62
Average Age
  • The tenure for the Meghmani Organics management team is about average.
Management Team

Jayantibhai Patel

TITLE
Executive Chairman and Head of International Marketing & Policy Decisions
AGE
66

Natwarlal Patel

TITLE
MD & Executive Director
AGE
65
TENURE
24.1 yrs

Ashish Soparkar

TITLE
MD & Executive Director
AGE
66
TENURE
24.1 yrs

Gurjant Chahal

TITLE
Chief Financial Officer
COMPENSATION
₹4M
TENURE
1 yrs

Kamlesh Mehta

TITLE
VP of Company Affairs
COMPENSATION
₹2M
AGE
65

Anandbhai Patel

TITLE
Executive Director
AGE
56

Rameshbhai Patel

TITLE
Executive Director
AGE
62

Ankit Patel

TITLE
CEO & Manager of Agro Business
AGE
33
TENURE
1.8 yrs

Deval Soparkar

TITLE
Head of Corporate Communications
COMPENSATION
₹735K
AGE
40

Vikram Bhatt

TITLE
Senior General Manager of Corporate HR
AGE
51
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Meghmani Organics board of directors in years:

18.8
Average Tenure
65.5
Average Age
  • The average tenure for the Meghmani Organics board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jayantibhai Patel

TITLE
Executive Chairman and Head of International Marketing & Policy Decisions
AGE
66
TENURE
24.1 yrs

Natwarlal Patel

TITLE
MD & Executive Director
AGE
65
TENURE
24.1 yrs

Ashish Soparkar

TITLE
MD & Executive Director
AGE
66
TENURE
24.1 yrs

Anandbhai Patel

TITLE
Executive Director
AGE
56
TENURE
24.1 yrs

Rameshbhai Patel

TITLE
Executive Director
AGE
62

Balkrishna Thakkar

TITLE
Independent Director
COMPENSATION
₹425K
AGE
72
TENURE
18.8 yrs

Chander Sabharwal

TITLE
Independent Director
COMPENSATION
₹100K
AGE
68
TENURE
5.5 yrs

Urvashi Shah

TITLE
Non-Executive Independent Director
COMPENSATION
₹75K
AGE
62
TENURE
3.9 yrs

Palakodeti Venkatramana Rao

TITLE
Independent Non-Executive Director
AGE
60
TENURE
1 yrs

Manubhai Patel

TITLE
Independent Director
AGE
66
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Meghmani Organics insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
29. Nov 18 Buy Natubhai Patel Individual 28. Nov 18 28. Nov 18 100,000 ₹61.49 ₹6,149,143
12. Nov 18 Buy Anandbhai Patel Individual 05. Nov 18 06. Nov 18 50,000 ₹67.57 ₹3,378,530
06. Nov 18 Buy Ashish Soparkar Individual 05. Nov 18 05. Nov 18 136,688 ₹65.98 ₹9,018,025
05. Nov 18 Buy Natubhai Patel Individual 02. Nov 18 02. Nov 18 100,000 ₹62.96 ₹6,295,817
05. Nov 18 Buy Ashish Soparkar Individual 02. Nov 18 02. Nov 18 63,312 ₹61.97 ₹3,923,462
05. Nov 18 Buy Jayantibhai Patel Individual 02. Nov 18 02. Nov 18 200,000 ₹62.54 ₹12,508,280
05. Nov 18 Buy Rameshbhai Patel Individual 02. Nov 18 02. Nov 18 200,000 ₹62.57 ₹12,513,658
30. Aug 18 Buy Rameshbhai Patel Individual 28. Aug 18 28. Aug 18 15,000 ₹90.10 ₹1,351,548
29. Aug 18 Buy Rameshbhai Patel Individual 27. Aug 18 27. Aug 18 43,297 ₹91.00 ₹3,940,026
30. May 18 Buy Anandbhai Patel Individual 17. May 18 17. May 18 40,000 ₹102.36 ₹4,080,315
16. May 18 Buy Jayantibhai Patel Individual 08. May 18 08. May 18 45,000 ₹113.11 ₹5,090,016
05. Apr 18 Buy Anandbhai Patel Individual 09. Mar 18 28. Mar 18 14,881 ₹86.11 ₹1,272,339
22. Feb 18 Buy Anandbhai Patel Individual 16. Feb 18 16. Feb 18 10,000 ₹100.18 ₹1,001,821
22. Mar 18 Buy Jayantibhai Patel Individual 13. Mar 18 13. Mar 18 18,438 ₹88.11 ₹1,624,491
X
Management checks
We assess Meghmani Organics's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Meghmani Organics has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MEGH News

Simply Wall St News

Should You Investigate Meghmani Organics Limited (NSE:MEGH) At ₹48.40?

received a lot of attention from a substantial price movement on the NSEI over the last few months, increasing to ₹69.4 at one point, and dropping to the lows of ₹44.7. … A question to answer is whether Meghmani Organics's current trading price of ₹48.4 reflective of the actual value of the? … Let’s take a look at Meghmani Organics’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Meghmani Organics Limited (NSE:MEGH): The Best Of Both Worlds

Meghmani Organics Limited (NSE:MEGH) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … If you're interested in understanding beyond my broad commentary,

Simply Wall St -

Should You Be Impressed By Meghmani Organics Limited's (NSE:MEGH) ROE?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each ₹1 of shareholders' equity it has, the company made ₹0.27 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Meghmani Organics Limited (NSE:MEGH) Earns A Nice Return On Capital Employed

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

What Kind Of Investor Owns Most Of Meghmani Organics Limited (NSE:MEGH)?

Every investor in Meghmani Organics Limited (NSE:MEGH) should be aware of the most powerful shareholder groups. … Meghmani Organics is not a large company by global standards. … Check out our latest analysis for Meghmani Organics

Simply Wall St -

Should You Be Concerned About Meghmani Organics Limited's (NSE:MEGH) Historical Volatility?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

Simply Wall St -

How Many Insiders Bought Meghmani Organics Limited (NSE:MEGH) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Meghmani Organics Limited (NSE:MEGH). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … That means that an insider was happy to buy shares at around the current price.

Simply Wall St -

Is Meghmani Organics Limited's (NSE:MEGH) Balance Sheet Strong Enough To Weather A Storm?

However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Read This Before You Buy Meghmani Organics Limited (NSE:MEGH) Because Of Its P/E Ratio

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … How Do I Calculate Meghmani Organics's Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

What Do You Get For Owning Meghmani Organics Limited (NSE:MEGH)?

You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Therefore, looking at how efficiently Meghmani Organics is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

MEGH Company Info

Map
Description

Meghmani Organics Limited manufactures, distributes, and sells pigments and pesticides. The company operates through three divisions: Pigments, Agrochemicals, and Basic Chemicals. The Pigments division offers phthalocynine green 7, copper phthalocynine blue, alpha blue, and beta blue pigments that are used in various applications, including printing inks, plastics, paints, textiles, leather, paper, and rubber. The Agrochemicals division provides technical, intermediates, and formulations of insecticides, fungicides, and herbicides, which are used in crop protection, public health, termite and insect control, and veterinary applications. The Basic Chemicals division offers caustic chlorine and caustic potash, which are used by the agriculture sector, industry, and directly by the consumers. It is also involved in the trading of pigment and chemicals. The company primarily operates under the Megastar, Megacyper, Megaban, Synergy, and Courage brand names. Meghmani Organics Limited offers its products to customers through direct sales teams and distributors/agents in North America, Europe, Central and Latin America, the Asia-Pacific, and internationally. The company was formerly known as Gujarat Industries. Meghmani Organics Limited was founded in 1986 and is based in Ahmedabad, India.

Details
Name: Meghmani Organics Limited
MEGH
Exchange: NSEI
Founded: 1986
₹12,830,151,944
254,314,211
Website: http://www.meghmani.com
Address: Meghmani Organics Limited
Meghmani House,
Behind Safal Profitaire,
Ahmedabad,
Gujarat, 380015,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532865 Equity Shares Mumbai Stock Exchange IN INR 28. Jun 2007
NSEI MEGH Equity Shares National Stock Exchange of India IN INR 28. Jun 2007
SGX M30 SDS EACH REPR 1/2 ORD SHS Singapore Exchange SG SGD 10. Aug 2004
Number of employees
Current staff
Staff numbers
0
Meghmani Organics employees.
Industry
Commodity Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/16 12:53
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2018/09/10
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.