Meghmani Organics

NSE: MOLBSE: 543331
Compare with peers
₹ 54.35▼ 0.11 (−0.2%)28 Oct, 03:29 pm IST
Market cap
₹ 1,321 Cr.
P/E
21.5x
P/B
0.87x
52-week range
36.5 – 82.5
ROE
2%
ROCE
7%
Dividend yield
0%
Debt / equity
0.47
Sector
Fertilizers & Agrochemicals
Industry
Pesticides & Agrochemicals
Listed on
NSE, BSE

About

Meghmani Organics Ltd is an India-based fully integrated, diversified chemical company with a global presence and a comprehensive product portfolio spanning crop protection, crop nutrition and pigment. The Company manufactures three categories of agrochemicals-Insecticides, Herbicides, and Intermediates. Its segments include Agro Chemicals and Pigment Business. The Agro Chemicals segment is engaged in manufacturing and marketing of technical, intermediates and formulation of Crop Protection Chemicals. The Pigment Business segment is engaged in the manufacture and marketing of Phthalocynine Green 7, Copper Phthalocynine Blue (CPC), Alpha Blue, Beta Blue and Titanium Dioxide. The Company offers pigment products such as phthalocyanine pigments and azo pigments. It has set up a titanium dioxide (TiO2) production facility in India. TiO2 is an import substitute and finds application in mainly paints, coatings, plastic, ink, dyes, paper and cosmetics.

Quick check

The five things to look at first. Open one for more.

Meghmani Organics against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)21.5 against a typical 23.3: cheaper than most peers (1st = cheapest).15th of 33
  • Sales growth−11.6% against a typical −4.5% from a year earlier.24th of 31
  • Profit growth+269.2% against a typical +15.2% from a year earlier.1st of 25
  • Share price, 3 months−3.5% against a typical −15.5%.7th of 32
  • Size₹ 1,321.4 Cr. market value against a typical ₹ 883.3 Cr. (1st = largest).15th of 31

Latest announcements

Exchange filings and their impact on the company.

  • 9 Oct 2026Amalgamation/MergerLow impactPositivePrice −1.1% on 12 Oct
    NCLT approved merger of two wholly-owned subsidiaries into Meghmani Organics with no new shares, a minor simplification positive.

    Meghmani Organics received the certified NCLT Ahmedabad order dated 8 October 2026 sanctioning the amalgamation of its two wholly-owned subsidiaries, Kilburn Chemicals and Meghmani Crop Nutrition, with itself from appointed date 1 January 2026. Kilburn had FY25 revenue of Rs 34 cr with a pre-tax loss of Rs 89.1 cr and Meghmani Crop Nutrition had revenue of Rs 40.5 cr with pre-tax profit of Rs 5.4 cr, versus the parent standalone revenue of Rs 2003.9 cr. No shares will be issued as the subsidiaries are wholly owned and their share capital stands cancelled, with effectiveness pending filing with the Registrar of Companies; the merger simplifies the group and should yield small administrative savings with no dilution.

    Filing
  • 8 Oct 2026Amalgamation/MergerLow impactPositivePrice +1.2% on 9 Oct
    NCLT approved merger of two wholly owned subsidiaries into Meghmani Organics with no new shares, simplifying structure.

    On 8 October 2026, NCLT Ahmedabad sanctioned the amalgamation of wholly owned subsidiaries Kilburn Chemicals and Meghmani Crop Nutrition into Meghmani Organics with appointed date 1 January 2026. No shares will be issued as the subsidiaries are fully owned and their capital will be cancelled. The merger simplifies the group structure and aims at cost and operational synergies, with no change to consolidated scale.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety, with caution

Rated A by 2 agencies
A
DefaultRiskyModerateSafeVery safe
  • CRISIL expects things to get worse (negative outlook).
AgencyCurrent ratingOutlookAs of
India RatingsIND A; IND A1Stable28 Oct 2026
CRISILCrisil ANegative27 Apr 2026
Credit rating actions
RatingDetails
28 Oct 2026
New rating
IND ALowIndia Ratings₹ 1,100 Cr.
27 Apr 2026
Rating action
Crisil A—CRISIL₹ 1,094 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
29 Jul 2026Financial ResultsBoard Meeting of the Company scheduled to be held on 29th July, 2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the quarter ended June 30, 2026
14 May 2026Financial ResultsMOL : 14-May-2026 : The Company has informed the Exchange that a Board meeting to be held on May 09, 2026 has been re-scheduled and now will be held on Thursday, May 14, 2026, to consider and approve the financial results for the quarter and year ended on March 31, 2026
9 May 2026Financial ResultsTo consider and approve the audited financial results for FY 2025-26.
4 Apr 2026Other business mattersTo consider scheme of amalgamation
31 Jan 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
8 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025

Share price

1Y change −32.22%
0 of 2 filing days came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales379352410414544569553614577509474543
Expenses371360408408513528488547525471455445
Operating Profit8−8263141656752382098
OPM %2%−2.2%0.5%1.4%6%7%12%11%9%7%4.2%18%
Other Income121099129141728153712
Interest13272112613192924182013
Depreciation232323232530293030302930
Profit before tax−16−48−14−19−973124264767
Tax %−3%−20%25%−13%1%159%35%48%56%179%−12%28%
Net Profit−15−38−18−17−9−4201312−4848
EPS in Rs−0.6−1.5−0.71−0.66−0.36−0.170.780.50.45−0.140.321.89

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
—
5 Years
6%
3 Years
−5%
TTM
−8%
Compounded Profit Growth
10 Years
—
5 Years
−31%
3 Years
−49%
TTM
241%
Stock Price CAGR
10 Years
—
5 Years
−8%
3 Years
−9%
TTM
—
Return on Equity
10 Years
—
5 Years
6%
3 Years
−2%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
48.95%
−0.03 pts in a year
FIIs
0.91%
−1.03 pts in a year
DIIs
0%
−0.37 pts in a year
Government
0.04%
0 pts in a year
Public
50.08%
+1.4 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 21.5xEPS (12 months) ₹ 2.53Median P/E 13.3x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Meghmani Organics₹ 54.35₹ 1,321 Cr.21.5x0.9x2%—
Asian Paints₹ 2,305.00₹ 2,21,095 Cr.58.1x12.1x21.2%12.4%
Solar Industries India₹ 18,320.00₹ 1,65,778 Cr.99.6x26.6x31.4%17.7%
Pidilite Industries₹ 1,514.00₹ 1,54,107 Cr.64.8x14.7x23.8%16.9%
SRF₹ 2,309.00₹ 68,444 Cr.44.6x6.1x13.8%11.6%
Linde India₹ 5,697.00₹ 48,586 Cr.110.5x14.2x13.6%21.7%

Prices are delayed and for information only. Nothing on this page is investment advice.