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| Name of Company | Meghmani Organics |
| BSE Code | 532865 |
| NSE Code | MEGH |
| ICICI Code | |
| Established | |
| My Take | So-So |
| Headquarters | Ahmedabad |
| Promoters | Patel family |
| Story | Family owned business which listed in 2007. A good business sustained mainly by exports. |
| Sector | Chemicals |
| Sub-sector | Pigments and agro chemicals |
| Website | |
| Positives | For the past 3 years, 12-15% OPM and around 6-8% NPM. Dividends for last 3 years – yield around 1.5% at current price. Price has not been very volatile (after Mar 2008, has been range-bound). 49% promoter holding, none pledged. at 9 times, cheeap compared to MNC peers |
| Negatives | Now at 52 week high. FY10 debt is at 250 Cr compared to 61 Cr profit. Does not show reserves suddenly for FY10. No holding > 1% in public category. MNC peers listed below are more profitable have better technology. |
| Peers | BASF, Clariant, Ineos Abs |
| News | Raised 100 Cr thru NCD's |
| Price @ blogged | 22.05 (13-Oct-10) at 52 week high |
| Cost of company | 560 Cr market for a FY10 profit of 61 Cr makes it around 9 times. |
Oct 13, 2010
Meghmani Organics - 532865
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Now at Rs. 8, might reach the 5 year low of Rs. 5.2 reached during Mar 09. Market cap is now at 202 Cr, compared to 560 Cr when first blogged.
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