As of 6 Nov 2026, Meghmani Organics trades at 21.5× trailing earnings, above the industry P/E of 14.4×, and the shares are 30% below their 52-week high. Its ROCE of 6.5% is the lowest among the 7 largest Agricultural Inputs peers, and sales and net profit fell 5.3% and 51% a year over 3 years. Debt is 0.41× equity. It is a small-cap company with a market cap of ₹1,380 Cr, ranked 25th of 72 Agricultural Inputs companies by market cap; the shares fell 28% over the past year.
- ₹55.35
- ₹55.35
- ₹54.00
- ₹55.62
- 3.3 L
Health check
- ReturnsIn line
−28.3% over a year, better than 3 of 7 peers.
- Price tagPricier
P/E 21.5 vs industry 14.4.
- GrowthShrinking
Sales −5.3%, profit −50.5% a year over 3 years.
- ProfitabilityWeak
ROCE 6.5% vs peer median 20.9%.
- Balance sheetFair
Debt 0.41× equity, interest covered 2.2×, Piotroski 7 of 9.
- Red flags2 to check
Return on equity is low at 5.5%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,380 Cr
- Small cap
- P/E
- 21.5
- Industry 14.4
- Price to book
- 0.85
- Peers 4.28
- Dividend yield
- 0.00%
- ROE
- 5.5%
- Peers 16.2%
- ROCE
- 6.5%
- Peers 20.9%
- Debt to equity
- 0.41
- Debt ₹664 Cr
- EPS (TTM)
- ₹2.53
- Face value ₹1
- OPM (TTM)
- 9.9%
- Net margin 4.0%
- Sales growth
- −11.5%
- Latest quarter vs a year ago
- Profit growth
- +280.0%
- Latest quarter vs a year ago
- Price to sales
- 0.63
- EV/EBITDA 9.3
Strengths and risks
Strengths
- Quarterly profit up 280.0% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 5.5%.
- Quarterly sales down 11.5% on a year ago.
About Meghmani Organics
Meghmani Organics Limited manufactures and sells pigments and agrochemicals in India and internationally. The company offers green and blue pigments, which are used in printing inks, paints and coatings, and plastics. It also offers agrochemical products comprising insecticides, which include acetamiprid, alphacypermethrin, bifenthrin, beta cyfluthrin, cyfluthrin, cypermethrin, deltamethrin, dinotefuran, ethiprole, fipronil, flonicamid, flubendiamide,…
- Headquarters
- Ahmedabad
- Employees
- 1,154
- Sector
- Basic Materials
- ISIN
- INE0CT101020
- Website
- meghmani.com
Price range
- Avg volume (3M)
- 15 L
- 1-year return
- minus 28.3%
- From 52-week high
- minus 29.5%
Peers · Agricultural Inputs
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| COROMANDELCoromandel International | 1,824.00 | minus 4.00% | 53,724 | 34.5 | 17.0 | 20.9% | 9.4% | 0.11 | 10.2% | minus 12.4% |
| FACTFertilisers and Chemicals Travancore | 750.25 | minus 1.24% | 48,547 | – | 703.5 | 14.2% | 0.0% | 2.95 | 0.0% | minus 15.3% |
| UPLUPL | 534.90 | plus 1.60% | 45,214 | 23.9 | 6.0 | 9.9% | 20.0% | 0.83 | −1.2% | minus 28.0% |
| PIINDPI Industries | 1,735.00 | minus 1.98% | 26,321 | 30.0 | 13.1 | 14.7% | 24.2% | 0.03 | 1.1% | minus 51.9% |
| SUMICHEMSumitomo Chemical India | 328.95 | plus 0.34% | 16,419 | 29.4 | 21.0 | 21.0% | 20.3% | 0.02 | −2.6% | minus 34.4% |
| CHAMBLFERTChambal Fertilizers & Chemicals | 384.70 | minus 0.91% | 15,413 | 8.1 | 5.7 | 21.8% | 13.7% | 0.16 | −9.2% | minus 19.4% |
| BAYERCROPBayer Cropscience | 3,316.30 | plus 0.48% | 14,904 | 20.0 | 15.4 | 27.9% | 16.0% | 0.03 | 3.6% | minus 31.7% |
| MOLMeghmani Organics | 54.27 | minus 2.43% | 1,380 | 21.5 | 11.5 | 6.5% | 9.9% | 0.47 | −5.3% | minus 28.3% |
| Median of 7 peers | – | −0.91% | 26,321 | 26.6 | 15.4 | 20.9% | 16.0% | 0.11 | 0.0% | −28.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 614 | 577 | 509 | 474 | 543 | |
| 547 | 525 | 471 | 455 | 445 | |
| 66.9 | 52.1 | 37.7 | 19.7 | 97.9 | |
| 10.9% | 9.0% | 7.4% | 4.2% | 18.0% | |
| 16.6 | 27.8 | 14.8 | 37.2 | 11.9 | |
| 29.5 | 23.8 | 18.1 | 20.5 | 13.1 | |
| 29.7 | 30 | 29.9 | 29.3 | 29.8 | |
| 24.3 | 26.1 | 4.5 | 7.1 | 67 | |
| 47.8% | 55.7% | 178.3% | −12.4% | 28.1% | |
| 12.7 | 11.6 | −3.5 | 8 | 48.2 | |
| 0.50 | 0.45 | -0.14 | 0.32 | 1.90 |
Profit & loss
- Sales CAGR 3Y
- −5.3%
- Profit CAGR 3Y
- −50.5%
- EPS CAGR 3Y
- −50.6%
- ROE
- 5.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,528 | 1,548 | 2,056 | 2,147 | |
| – | minus 38.7% | +32.8% | +4.4% | |
| 2,186 | 1,566 | 1,910 | 1,966 | |
| 342 | −18 | 146 | 181 | |
| 13.5% | −1.2% | 7.1% | 8.4% | |
| 64.3 | 22.5 | 20.9 | 58.2 | |
| 15.2 | 36.8 | 46.2 | 53.8 | |
| 77.1 | 92.2 | 108 | 119 | |
| −0.8 | 3.3 | −3.2 | −4.8 | |
| 313 | −121 | 9.5 | 62 | |
| 24.1% | 12.5% | 211.9% | 53.7% | |
| 238 | −106 | −10.6 | 28.7 | |
| 9.35 | -4.17 | -0.42 | 1.13 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 25.4 | 25.4 | 25.4 | 25.4 | |
| 1,644 | 1,502 | 1,490 | 1,519 | |
| 824 | 837 | 829 | 726 | |
| 705 | 674 | 741 | 750 | |
| 3,198 | 3,039 | 3,085 | 3,021 | |
| 1,510 | 1,659 | 1,640 | 1,562 | |
| 346 | 509 | 77.1 | 78.5 | |
| 153 | 98.2 | 3.2 | 3.6 | |
| 67.8 | 35 | 22.7 | 16.9 | |
| 1,122 | 738 | 1,342 | 1,359 | |
| 3,198 | 3,039 | 3,085 | 3,021 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 204 | 250 | 66.2 | 222 | |
| −418 | −178 | 31 | −38.3 | |
| 234 | −85.5 | −91.4 | −190 | |
| 20.6 | −14.2 | 5.8 | −6.9 | |
| −465 | −266 | −88.9 | −45.1 | |
| −261 | −16.5 | −22.7 | 177 | |
| −35.6 | −35.6 | – | – |
Shareholding pattern
- Promoters48.95%
- Public51.05%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 48.95% | 51.05% | 0.00 | |
| 30 Jun 2026 | 48.95% | 51.05% | 0.00 | |
| 31 Mar 2026 | 48.95% | 51.05% | minus 0.03 | |
| 31 Dec 2025 | 48.98% | 51.02% | 0.00 | |
| 30 Sep 2025 | 48.98% | 51.02% | – |
Major shareholders
Filings & events
News
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