Meghmani Organics Limited
NSE: MOL · Pesticides & Agrochemicals · sector
₹54.94NSE close 2026-10-26
Key numbers
Market cap₹1,397 cr
Price₹54.94
52w high / low₹83 / ₹36
P/E21.7xSector median 18.3x
P/B0.9xSector median 1.8x
Book value₹60.7
Dividend yield–Sector median 0.55%
ROE4.2%Sector median 9.3%
ROCE7.9%Sector median 12.4%
OPM9.9%Sector median 10.4%
Debt / equity0.47xSector median 0.34x
EV/EBITDA10.1xSector median 10.8x
Interest cover2.4x
Current ratio1.07x
Sales growth 3y-5.2%Sector median +1.7%
Profit growth 3y-50.5%Sector median +2.3%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 29 companies in Pesticides & Agrochemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹26 cr vs borrowings ₹726 cr (FY26): borrowings are higher by ₹699 cr.
- Operating profit covered interest 2.4x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY23, FY22).
- Net loss in 3 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 143% of net profit in the last 12 months.
- Debtor days went from 101 (FY24) to 113 (FY26).
- Dividend paid in 3 of the last 5 financial years.
- Price ₹54.94 on 2026-10-26: -34.2% from the 52-week high, +50.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹107.13 · low ₹40.37
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 544 | 569 | 553 | 614 | 577 | 509 | 474 | 543 |
| EBITDA | 31 | 41 | 65 | 67 | 52 | 38 | 20 | 98 |
| OPM % | 5.6% | 7.2% | 11.8% | 10.9% | 9.0% | 7.4% | 4.2% | 18.0% |
| Other income | 12 | 9 | 14 | 17 | 28 | 15 | 37 | 12 |
| Net profit | -9 | -4 | 20 | 13 | 12 | -4 | 8 | 48 |
| EPS (₹) | -0.36 | -0.17 | 0.78 | 0.50 | 0.45 | -0.14 | 0.32 | 1.90 |
| Revenue YoY | +6.1% | -10.5% | -14.3% | -11.5% | ||||
| Profit YoY | – | – | -59.5% | +280.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,498 | 2,553 | 1,566 | 2,080 | 2,174 | 2,103 |
| EBITDA | 385 | 360 | -20 | 143 | 176 | 207 |
| Net profit | 304 | 238 | -106 | -11 | 29 | 64 |
| EPS (₹) | 11.97 | 9.35 | -4.17 | -0.42 | 1.13 | 2.53 |
| Revenue growth | +2.2% | -38.6% | +32.8% | +4.5% | -7.7% | |
| Profit growth | -21.9% | -144.6% | – | – | +241.0% | |
| Dividend / share (₹) | 1.40 | 1.40 | 1.40 | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -5.2% | – | -7.7% |
| Net profit | -50.6% | – | +241.0% |
| EPS | -50.6% | – | – |
| Share price | – | -29.0% (2y) | -34.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,669 | 1,528 | 1,515 | 1,545 |
| Borrowings | – | 820 | 835 | 829 | 726 |
| Cash & equivalents | – | 63 | 36 | 31 | 26 |
| Total assets | – | 3,198 | 3,040 | 3,085 | 3,021 |
| Fixed assets | – | 1,164 | 1,150 | 1,563 | 1,484 |
| Capital work in progress | – | 346 | 509 | 77 | 79 |
| Investments | – | 153 | 98 | 3 | 4 |
| Receivables | – | 523 | 433 | 567 | 672 |
| Inventory | – | 652 | 517 | 599 | 529 |
| Payables | – | 448 | 494 | 550 | 540 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 65 | 204 | 250 | 66 | 222 |
| Cash from investing | -133 | -418 | -178 | 31 | -38 |
| Cash from financing | 58 | 234 | -85 | -91 | -190 |
| Capex | 244 | 465 | 266 | 89 | 45 |
| Free cash flow | -179 | -261 | -17 | -23 | 177 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 14.2% | -6.9% | -0.7% | 1.9% |
| ROCE % | – | 15.2% | -3.2% | 3.3% | 6.8% |
| Debtor days | – | 75 | 101 | 99 | 113 |
| Inventory days | – | 158 | 185 | 173 | 145 |
| Payable days | – | 108 | 176 | 159 | 149 |
| Cash conversion cycle (days) | – | 125 | 110 | 113 | 109 |
| Working capital days | – | 62 | 37 | 26 | 15 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 48.95% |
| FIIs | 0.84% |
| DIIs | 0.00% |
| Government | 0.04% |
| Public (non-institutions) | 50.17% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 49.33% | 49.41% | 48.98% | 48.98% | 48.98% | 48.95% | 48.95% | 48.95% |
| Promoter group | % |
|---|---|
| Ashishbhai Natawarlal Soparkar | 10.59% |
| Patel Natwarlal Meghjibhai | 8.32% |
| Jayantibhai Meghjibhai Patel | 7.09% |
| Rameshbhai Meghajibhai Patel | 6.32% |
| Anandbhai Ishwarbhai Patel | 3.10% |
| Taraben Jayantilal Patel | 2.89% |
| Patel Natubhai Meghjibhai Huf | 2.03% |
| Patel Ankit Natwarlal | 1.33% |
| Bhartiben Natubhai Patel | 0.79% |
| Patel Karana Rameshbhai | 0.78% |
| Maulik Jayantibhai Patel | 0.62% |
| Disha Kevatkumar Vanani | 0.59% |
| Chintan Anandbhai Patel | 0.45% |
| Patel Darshan Anandbhai | 0.45% |
| Vaishakhi Dhiren Goyal | 0.43% |
| Public holders above 1% | % |
|---|---|
| Gadia Naveen Vishwanath | 1.30% |
| Manoj Fogla | 1.12% |
1,32,807 shareholders. Pledged: 0.00% of promoter shares.
Peers in Pesticides & Agrochemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| UPL | ₹42,056 cr | 20.6x | 1.2x | 6.3% | 11.9% | 17.8% | -1.1% | 1.16% |
| PIIND | ₹30,704 cr | 26.3x | 2.7x | 10.5% | 13.3% | 25.3% | +1.1% | 0.74% |
| SUMICHEM | ₹17,685 cr | 30.5x | 5.2x | 18.4% | 23.1% | 21.4% | -2.7% | 0.33% |
| BAYERCROP | ₹15,009 cr | 20.5x | 5.1x | 25.2% | 31.7% | 16.0% | +3.4% | 3.75% |
| SHARDACROP | ₹5,688 cr | 9.1x | 1.8x | 22.2% | 25.8% | 19.5% | +9.2% | 1.91% |
| DHANUKA | ₹3,709 cr | 14.0x | 2.2x | 17.4% | 21.1% | 19.2% | +5.9% | 0.25% |
| RALLIS | ₹3,664 cr | 19.1x | 1.7x | 9.3% | 12.4% | 11.9% | -0.8% | 1.34% |
| NACLIND | ₹2,650 cr | 221.7x | 3.9x | 2.2% | 6.0% | 5.8% | -9.2% | – |
| BHAGCHEM | ₹2,512 cr | 91.4x | 3.6x | 4.0% | 6.1% | 13.0% | +2.2% | 0.07% |
| MOL | ₹1,397 cr | 21.7x | 0.9x | 4.2% | 7.9% | 9.9% | -5.2% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Agrochemicals | ₹1,631 cr | 73.1% | ₹243 cr | 14.9% |
| Pigment | ₹531 cr | 23.8% | ₹-59 cr | -11.1% |
| Others | ₹68 cr | 3.1% | ₹1 cr | 0.9% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2023-06-20 | Dividend | Annual General Meeting/Dividend - Rs 1.40 Per Share |
| 2022-06-17 | Dividend | Annual General Meeting/Dividend - Rs 1.40 Per Share |
| 2021-09-15 | Dividend | Annual General Meeting/Dividend - Rs 1.40 Per Sh |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Agrochemicals: Manufacture of Insecticides and Herbicides
- Pigment: Manufacture of Pigments from any source in basic form or as concentrate.
| Sector | Commodities |
| Industry | Pesticides & Agrochemicals |
| Sub-industry | Pesticides & Agrochemicals |
| Symbol | MOL |
| BSE code | 543331 |
| ISIN | INE0CT101020 |
| Face value | ₹1.0 |
| Incorporated | 2019-10-15 |
| Website | www.meghmani.com |
| Plants (India / abroad) | 7 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.