Meghmani Organics Ltd
NSE:MOL

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Meghmani Organics Ltd Logo
Meghmani Organics Ltd
NSE:MOL
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Price: 61.34 INR -2.53% Market Closed
Market Cap: 15.6B INR

Meghmani Organics Ltd
Investor Relations

Meghmani Organics Ltd. operates as a diversified chemical company. The company is headquartered in Ahmedabad, Gujarat and currently employs 1,948 full-time employees. The company went IPO on 2021-08-18. The firm is engaged in manufacturing and selling of pigment and agrochemicals products. Its product type includes organics pigments and inorganics pigments. The firm specializes in green and blue pigments, which have varied end use applications in printing inks, paints and coatings and plastics. The company has three pigment manufacturing facilities at Vatva, Panoli and Dahej SEZ in the state of Gujarat. The firm also exports its pigments. The company also manufactures agro-chemical. Its customer base includes multinational corporations (MNC’s) and extends to more than 75 countries globally. The company manufactures three categories of agrochemical products, which includes pesticide intermediates, technical and formulations. Its agrochemical products applications include crop protection, veterinary, public health and wood protection. The company has six multifunctional production facilities located in Gujarat.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 12, 2025
AI Summary
Q2 2026

Strong Profit Growth: Stand-alone Q2 profit after tax jumped to INR 43 crore from INR 9 crore last year, driven by improved product mix and stable raw material prices.

Crop Protection Outperformance: EBITDA for the Crop Protection segment rose 73% YoY to INR 75 crore, with profitability prioritized over volume.

Titanium Dioxide Losses Continue: The TiO2 segment remains under heavy pressure due to high raw material costs and weak prices despite antidumping duties.

Positive Outlook for Crop Nutrition: Management is bullish on Crop Nutrition, expecting strong growth and aiming for three-digit crore revenue in FY '27.

Working Capital Stretch: Trade receivables increased significantly, with receivable days rising to 126 from 97, attributed to the credit-heavy nature of the business.

Sustainability Initiatives: Company achieved new ISO certifications and will release its first sustainability report next month.

Muted Pigments Business: Pigments segment faced a 15% volume decline, with management describing market conditions as stable but lacking major growth prospects.

Key Financials
Revenue (Stand-alone, Q2 FY26)
INR 558 crore
EBITDA (Stand-alone, Q2 FY26)
INR 70 crore
Profit After Tax (Stand-alone, Q2 FY26)
INR 43 crore
Revenue (Consolidated, Q2 FY26)
INR 577 crore
EBITDA (Consolidated, Q2 FY26)
INR 52 crore
Profit After Tax (Consolidated, Q2 FY26)
INR 12 crore
Revenue (Stand-alone, H1 FY26)
INR 1,150 crore
EBITDA (Stand-alone, H1 FY26)
INR 151 crore
Profit After Tax (Stand-alone, H1 FY26)
INR 83 crore
Revenue (Consolidated, H1 FY26)
INR 1,191 crore
EBITDA (Consolidated, H1 FY26)
INR 119 crore
Profit After Tax (Consolidated, H1 FY26)
INR 24 crore
Total Debt (Stand-alone, Sep 30, 2025)
INR 597 crore
Short-term Debt (Stand-alone, Sep 30, 2025)
INR 454 crore
Long-term Debt (Stand-alone, Sep 30, 2025)
INR 143 crore
Total Debt (Consolidated, Sep 30, 2025)
INR 836 crore
Short-term Debt (Consolidated, Sep 30, 2025)
INR 479 crore
Long-term Debt (Consolidated, Sep 30, 2025)
INR 357 crore
Debt Repayment (till Sep 30, 2025)
INR 90 crore
Crop Protection Segment Revenue (Q2 FY26)
INR 443 crore
Crop Protection Segment EBITDA (Q2 FY26)
INR 75 crore
Crop Protection Segment EBITDA Margin (Q2 FY26)
17%
Pigment Segment Revenue (Q2 FY26)
INR 115 crore
Pigment Segment EBITDA (Q2 FY26)
INR 4 crore
Pigment Segment EBITDA Margin (Q2 FY26)
3.5%
Crop Protection Revenue Mix (Q2 FY26)
79%
Pigment Revenue Mix (Q2 FY26)
21%
Crop Protection Segment Production (Q2 FY26)
10,136 metric tons
Crop Protection Segment Capacity Utilization (Q2 FY26)
72%
Pigment Segment Production (Q2 FY26)
3,759 metric tons
Pigment Segment Capacity Utilization (Q2 FY26)
45%
Crop Nutrition Segment Revenue (Q2 FY26)
INR 23 crore
Trade Receivables Days
126 days
Inventory Days Reduction
18 days reduced
Payable Days Increase
10 days increased
Other Earnings Calls

Management

Mr. Ankit Natwarlal Patel
Chairman of the Board & MD
No Bio Available
Mr. Jayesh R. Patel
Founder, Company Secretary & Compliance Officer
No Bio Available
Mr. Gurjant Singh Chahal CA
Chief Financial Officer
No Bio Available
Mr. Karana Rameshbhai Patel
Executive Director
No Bio Available
Mr. Anand Patel
Founder
No Bio Available
Mr. Sanjay Jain
Chief Financial Officer of MFL
No Bio Available

Contacts

Address
GUJARAT
Ahmedabad
Nr.Safal Profitaire, Prahlad Nagar, Satellite, 1st+2nd+3rd Fl,Nr. Raj Bunglow
Contacts