Meghmani Organics Ltd
NSE:MOL
Meghmani Organics Ltd
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.
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.
Quarterly Results: Meghmani Organics reported consolidated Q3 revenue of INR 509 crores and EBITDA of INR 38 crores, with a consolidated EBITDA margin at 7.4%.
Profitability Pressure: Profit after tax for the quarter was INR 22 crores on a stand-alone basis; on a consolidated basis, PAT was INR 21 crores for 9M, reversing a loss of INR 30 crores YoY.
Segment Performance: Crop Protection contributed 79% of Q3 revenue, Pigments 21%; Titanium Dioxide (TiO2) segment remains loss making, and the plant has been temporarily shut down to stem losses.
Trade & Tariff Headwinds: U.S. tariffs caused a 14% decline in Crop Protection volumes; management expects demand to recover gradually despite ongoing uncertainty.
Cost Pressures & Duty: TiO2 profitability is under pressure from high raw material (especially sulfuric acid) costs and withdrawal of antidumping duty; reimposition of duty expected within months.
Operational Focus: No major CapEx planned for next two years; focus remains on cost reduction, energy efficiency, and increasing formulation share in Crop Protection.
Guidance: Management expects Pigments to improve from Q1 FY27 and TiO2 from Q2 FY27, as market conditions and duties normalize.
