Meghmani Organics Investor Presentation

Attached the presentation. It is very interesting.

 

Good report. I had big lot of stock but sold it at loss because of worry about fundamentals. But I will keep in watch list.

 

This is a good company.....you can enter at levels of 21 to 23 which is safe.

 

I found report by indianivesh recommending buy for TP of Rs. 34.

Meghmani Organics Ltd.(MOL)
Maintain BUY with TP of Rs.34
Q3FY16 Result Update February 4, 2016

MOL’s Q3FY16 revenue was largely in‐line with our estimate; EBITDA & Net
profit significantly above our expectation….
 Revenue went up 2.3% Y/Y to Rs.3,109 mn (v/s INSL Est. Rs.3,283 mn). The
revenue growth was driven by Basic Chemicals (+28.8% Y/Y) and Pigment
(+4.6% Y/Y); partially offset by de‐growth in Agrochemicals (down 16.7% Y/Y).
 During the quarter, EBITDA went up 71.2% Y/Y to Rs.707 mn (v/s INSL est:
Rs.523 mn) on account of increase in Pigment and Basic Chemical EBITDA;
partially offset by decline in Agrochemical EBITDA. The company’s overall
EBITDA margin expanded 915 bps Y/Y to 22.7% (v/s 13.6% in Q3FY15).
 Depreciation during the quarter stood at Rs.193 mn (v/s Rs.193 mn in Q3FY15).
The company reported other income of Rs.11 mn (v/s Rs.7 mn in Q3FY15).
Interest expenditure during the quarter stood at Rs.149 mn (v/s Rs.211 mn in
Q3FY15). Tax outgo was Rs.35 mn (v/s Rs.99 mn in Q3FY15) on account of
deferred tax assets provision. During the quarter, the company reported the
minority share of Rs.110 mn (v/s ‐Rs.36 mn in Q3FY15). Net profit stood at
Rs.232 mn (v/s ‐Rs.45 mn in Q3FY15), which was above our estimate of Rs.164
mn.
 We like the company’s overall performance on margin front. The key positive
during the current quarter result was margin expansion in Pigments/Basic
Chemicals business followed by 29.2% Y/Y decline in the interest expenditure.
Valuations
At CMP of Rs.23, the stock is trading at EV/EBITDA multiple of 3.9x FY16E and 3.6x
FY17E estimates. In our view, the current valuations are below 7.5x peer average.
On back of various available triggers like: (1) debt reduction, (2) margin expansion,
(3) higher plant utilization, and (4) favorable business dynamics the stock is poised
for re‐rating. We assign 5.4x EV/EBITDA multiple to FY17E and maintain target price
of Rs.34/share despite upward revision in the FY17E EBITDA estimate. Given the
sizable upside, we maintain BUY on the stock.

 

thanks for sharing

 

yes. This company has very good potential to go higher. Attractive levels now to buy.

 

Meghmani rocking today....up 15%

 

Meghmani crossed 26 today....good going

 

Caution: Promoters reduced stake in Company by almost 5%.

 

Meghmani weekly. My view in chart.

 

On 21 April 2016

Meghmani Organics announced that Meghmani Finechem (MFL) a subsidiary of Meghmani Organics (MOL) has commenced commercial production of Caustic Potash-Flake (KOH) of 60 Mt per day on 21 April 2016 at its existing manufacturing facility situated at Plot No. CH 1- CH2, GIDC Dahej, Bharuch.
MFL has successfully commissioned the KOH project within the estimated project cost of Rs. 65 crore. The cost of the project has been funded from internal accrual.

As a result in full year of operation of FY 2016-17 MFL will earn additional revenue of about Rs. 125 crore and Profit before Tax (PBT) of Rs. 20 crore.

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Meghmani rocking today after the new !!!

 

Very bullish trend seen in Meghmani.. Accumulate the stock...

 

Meghmani Organics Ltd vide its letter dated April 25, 2016 has informed BSE regarding a Press Release titled "Meghmani Receives Amendment in Label to its Permethrin Technical 95.5% Registration in USA for Agriculture use from United States Environmental Protection Agency USA".

 

Additional Revenue for Meghmani after this one in FY 16-17.....Its definitely going to be a multi bagger stock...

 

Congrats for meghmani stock doing well close to target price of 34 Rs.

 

Yes...It is doing well. It will cross even 34 if the results are good...

 

This stock has the potential to cross 3 digits. Advised this stock around 21 levels. it crossed 36 now....this is a buy even at this stage...Next target 50 soon.

 

Looks like meghmani is going to give great returns

 

Why Meghmani has suddenly crashed it was at Rs. 42 now down Rs. 38 down 14%. very dangerous stock