Meghmani Finechem Share Price
Meghmani Finechem Ltd
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About Meghmani Finechem
Under the terms of the Companies Act of 1956, Meghmani Finechem Limited was established in 2007 as a wholly-owned subsidiary of Meghmani organics ltd. Presently, the company's main activities are producing and selling Chlor Alkali and its Derivatives. The business also deals in agrochemicals trading. With its order dated 3 May 2021 (the Order), the Hon'ble National Company Law Tribunal (NCLT) Ahmedabad Bench approved the Scheme of Arrangement (the Scheme) to demerge the Agrochemicals and Pigments Division of Meghmani Organics Limited (MOL) and its investment in Optionally Convertible Redeemable Preference Shares (OCRPS) of Meghmani Finechem Limited (MFL) and transfer them to the Company.
A copy of the order from the National Company Law Tribunal (NCLT) Ahmedabad Bench, dated May 5, 2021, filed with the Registrar of Companies (ROC) of Gujarat, Dadra and Nagar Haveli, on May 10, 2021. As of May 10, 2021, the Scheme will be in force. The Company demerged Meghmani Finechem Limited from Meghmani Organics to expand its Chlor-Alkali business in FY 2020-21. In 2016, the second generation of the promoter family joined the Company's Board of Directors and is now in charge of the demerged business.
Having begun operations in 2009, the Company's Chlor-Alkali division has seen its installed capacity increase from 188,000 TPA in 2015 to 315,000 TPA by the end of FY 2020-21. The company has rapidly become one of India's most significant Chlor alkali producers. Company expansion followed the start-up of additional facilities (Caustic Soda Hydrogen Peroxide and the 36 MW Captive PowerPlant). The facilities were commissioned on schedule, showing management confidence in the industry's and the country's long-term prospects.
The additional 127,000 TPA of Caustic Soda production will go on in June 2020, bringing the total capacity to 294,000. With the addition of 36 MW in May 2020, the Captive Power Plant will have a full capacity of 96 MW by June 2020. In July 2020, the company officially opened a Hydrogen Peroxide plant with 60000 TPA. This augmentation of production capabilities will help the Company in many ways: it will strengthen its manufacturing base, increase its integration, reduce costs, and lay the groundwork for value creation. The company's dedication to profitable expansion is supported by the fact that it is expected to recoup these expenditures within four to five years.
During the fiscal year 2020–2021, the Company announced the construction of a plant to produce Epichlorohydrin (ECH) and chlorinated polyvinyl chloride (CPVC), both of which are projected to contribute favorably to the Company's future volumes and profitability. As part of the ECH initiative, production of the item will begin in India for the very first time.
Because of the importance of efficiency and reducing costs while minimizing environmental impact, the 50000 TPA factory will use glycerin feedstock derived from entirely renewable sources. The first quarter of the next fiscal year is the most probable time to start the project. It is anticipated that the 30000 TPA CPVC Resin project, with an associated cost of H190 Cr, will be put into operation during the second quarter of FY 2022-23. Do you want to know about the Meghmani Finechem Shares? Click Here to know about today’s The Meghmani Finechem Share Price.
A copy of the order from the National Company Law Tribunal (NCLT) Ahmedabad Bench, dated May 5, 2021, filed with the Registrar of Companies (ROC) of Gujarat, Dadra and Nagar Haveli, on May 10, 2021. As of May 10, 2021, the Scheme will be in force. The Company demerged Meghmani Finechem Limited from Meghmani Organics to expand its Chlor-Alkali business in FY 2020-21. In 2016, the second generation of the promoter family joined the Company's Board of Directors and is now in charge of the demerged business.
Having begun operations in 2009, the Company's Chlor-Alkali division has seen its installed capacity increase from 188,000 TPA in 2015 to 315,000 TPA by the end of FY 2020-21. The company has rapidly become one of India's most significant Chlor alkali producers. Company expansion followed the start-up of additional facilities (Caustic Soda Hydrogen Peroxide and the 36 MW Captive PowerPlant). The facilities were commissioned on schedule, showing management confidence in the industry's and the country's long-term prospects.
The additional 127,000 TPA of Caustic Soda production will go on in June 2020, bringing the total capacity to 294,000. With the addition of 36 MW in May 2020, the Captive Power Plant will have a full capacity of 96 MW by June 2020. In July 2020, the company officially opened a Hydrogen Peroxide plant with 60000 TPA. This augmentation of production capabilities will help the Company in many ways: it will strengthen its manufacturing base, increase its integration, reduce costs, and lay the groundwork for value creation. The company's dedication to profitable expansion is supported by the fact that it is expected to recoup these expenditures within four to five years.
During the fiscal year 2020–2021, the Company announced the construction of a plant to produce Epichlorohydrin (ECH) and chlorinated polyvinyl chloride (CPVC), both of which are projected to contribute favorably to the Company's future volumes and profitability. As part of the ECH initiative, production of the item will begin in India for the very first time.
Because of the importance of efficiency and reducing costs while minimizing environmental impact, the 50000 TPA factory will use glycerin feedstock derived from entirely renewable sources. The first quarter of the next fiscal year is the most probable time to start the project. It is anticipated that the 30000 TPA CPVC Resin project, with an associated cost of H190 Cr, will be put into operation during the second quarter of FY 2022-23. Do you want to know about the Meghmani Finechem Shares? Click Here to know about today’s The Meghmani Finechem Share Price.
Fundamentals of Meghmani Finechem Shares
Market Cap |
P/E Ratio |
P/B Ratio |
Industry P/E |
|---|---|---|---|
Rs. 3397.56 Cr |
0.00 |
0.00 |
41.01 |
ROE |
EPS (TTM) |
Dividend Yield |
Book Value |
|---|---|---|---|
45.75 % |
60.84 |
0.00 % |
241.28 |
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What is the Market Cap of Meghmani Finechem Ltd shares?
As of 29 Mar`23 the Market Cap of Meghmani Finechem Ltd is 3397.56.
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As of 29 Mar`23 the PE is 0.00 and PB is 0.00.
Meghmani Finechem - Quaterly Results
Publish Date: 20/10/2022
The turnover for the September 2022 quarter moved up 63.57% to Rs. 5555.30 millions as compared to Rs. 3396.26 millions during the year-ago period.The Profit for the quarter ended September 2022 of Rs. 915.69 millions grew by 94.79% from Rs. 470.08 millions.OP of the company witnessed a marginal growth to 1819.70 millions from 1027.94 millions in the same quarter last year.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Sales | 5555.30 | 3396.26 | 63.57 | 10883.80 | 6299.71 | 72.77 | 15509.41 | 8286.00 | 87.18 |
| Other Income | 16.76 | 22.63 | -25.94 | 37.06 | 24.36 | 52.13 | 41.11 | 21.89 | 87.80 |
| PBIDT | 1819.70 | 1027.94 | 77.02 | 3714.63 | 1954.50 | 90.06 | 5135.97 | 2635.17 | 94.90 |
| Interest | 143.61 | 97.23 | 47.70 | 254.83 | 220.99 | 15.31 | 442.70 | 291.14 | 52.06 |
| PBDT | 1676.09 | 930.71 | 80.09 | 3459.80 | 1733.51 | 99.58 | 4693.27 | 2344.03 | 100.22 |
| Depreciation | 259.46 | 217.30 | 19.40 | 479.85 | 430.27 | 11.52 | 859.06 | 735.45 | 16.81 |
| PBT | 1416.63 | 713.41 | 98.57 | 2979.95 | 1303.24 | 128.66 | 3834.21 | 1608.58 | 138.36 |
| TAX | 500.94 | 243.33 | 105.87 | 986.34 | 463.60 | 112.76 | 1306.36 | 600.19 | 117.66 |
| Deferred Tax | 246.02 | 106.60 | 130.79 | 450.95 | 223.93 | 101.38 | 609.63 | 318.51 | 91.40 |
| PAT | 915.69 | 470.08 | 94.79 | 1993.61 | 839.64 | 137.44 | 2527.85 | 1008.39 | 150.68 |
| Equity | 415.50 | 415.50 | 0.00 | 415.50 | 415.53 | -0.01 | 415.50 | 415.53 | -0.01 |
| PBIDTM(%) | 32.76 | 30.27 | 8.22 | 34.13 | 31.03 | 10.01 | 33.12 | 31.80 | 4.13 |
Meghmani Finechem - Quaterly Results
Publish Date: 19/01/2023
The sales for the December 2022 quarter moved up 27.40% to Rs. 5378.42 millions as compared to Rs. 4221.74 millions during the corresponding quarter last year.The Company has registered profit of Rs. 771.97 millions for the quarter ended December 2022, a growth of 10.70% over Rs. 697.34 millions millions achieved in the corresponding quarter of last year.Operating profit surged to 1662.67 millions from the corresponding previous quarter of 1410.71 millions.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 5378.42 | 4221.74 | 27.40 | 16262.22 | 10521.45 | 54.56 | 15509.41 | 8286.00 | 87.18 |
| Other Income | -2.61 | -2.96 | -11.82 | 34.45 | 21.40 | 60.98 | 41.11 | 21.89 | 87.80 |
| PBIDT | 1662.67 | 1410.71 | 17.86 | 5377.30 | 3365.21 | 59.79 | 5135.97 | 2635.17 | 94.90 |
| Interest | 210.31 | 103.56 | 103.08 | 465.14 | 324.55 | 43.32 | 442.70 | 291.14 | 52.06 |
| PBDT | 1452.36 | 1307.15 | 11.11 | 4912.16 | 3040.66 | 61.55 | 4693.27 | 2344.03 | 100.22 |
| Depreciation | 308.39 | 218.15 | 41.37 | 788.24 | 648.42 | 21.56 | 859.06 | 735.45 | 16.81 |
| PBT | 1143.97 | 1089.00 | 5.05 | 4123.92 | 2392.24 | 72.39 | 3834.21 | 1608.58 | 138.36 |
| TAX | 372.00 | 391.66 | -5.02 | 1358.34 | 855.26 | 58.82 | 1306.36 | 600.19 | 117.66 |
| Deferred Tax | 165.14 | 192.59 | -14.25 | 616.09 | 416.52 | 47.91 | 609.63 | 318.51 | 91.40 |
| PAT | 771.97 | 697.34 | 10.70 | 2765.58 | 1536.98 | 79.94 | 2527.85 | 1008.39 | 150.68 |
| Equity | 415.50 | 415.50 | 0.00 | 415.50 | 415.53 | -0.01 | 415.50 | 415.53 | -0.01 |
| PBIDTM(%) | 30.91 | 33.42 | -7.49 | 33.07 | 31.98 | 3.38 | 33.12 | 31.80 | 4.13 |
Meghmani Finechem informs about investors meet
Publish Date: 23/09/2022
Pursuant to Regulation 30 and Para (A) of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Meghmani Finechem has informed that the Company is having One-on-one meeting at Ahmedabad with ‘Invesco Asset Management and Joindre Capital Services on 24th September, 2022.
The above information is a part of company’s filings submitted to BSE.
Meghmani Finechem spurts on acquiring immovable property in Dahej
Publish Date: 03/10/2022
The Company has acquired this land considering the future projects
Meghmani Finechem is currently trading at Rs. 1452.95, up by 33.50 points or 2.36% from its previous closing of Rs. 1419.45 on the BSE.
The scrip opened at Rs. 1429.95 and has touched a high and low of Rs. 1474.65 and Rs. 1416.10 respectively. So far 18521 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1736.60 on 20-Sep-2022 and a 52 week low of Rs. 651.05 on 30-Nov-2021.
Last one week high and low of the scrip stood at Rs. 1576.20 and Rs. 1381.30 respectively. The current market cap of the company is Rs. 6028.30 crore.
The promoters holding in the company stood at 71.11%, while Institutions and Non-Institutions held 1.62% and 27.27% respectively.
Meghmani Finechem has acquired an immovable property in the form of an Industrial Plot having area admeasuring 289844.41 sq. meters in GIDC Dahej, Taluka: Vagra, District: Bharuch Gujarat, which is in close proximity of the present manufacturing facility of the Company. The Company has acquired this land considering the future projects.
Meghmani Finechem is primarily engaged in manufacturing and selling of Chlor Alkali & its Derivatives. The Company is also engaged in Trading of Agrochemical products.
Meghmani Finechem informs about outcome of board meeting
Publish Date: 20/10/2022
Meghmani Finechem has informed that the Board of Directors of the Company at its meeting held on 20th October, 2022, have considered and approved Unaudited Financial Results (Consolidated & Standalone) of the Second Quarter/ Half year ended on 30th September, 2022 prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which were reviewed by Audit Committee and approved by Board of Directors at their meeting held on 20th October, 2022 is forwarded. The Statutory Auditors S R B C & CO LLP, Chartered Accountants have carried out a limited review Report on Un-audited Financial Results (Consolidated & Standalone) of the Second Quarter/Half year ended 30th September, 2022 with unmodified opinion and the same is also forwarded.
The above information is a part of company’s filings submitted to BSE.
Meghmani Finechem informs about analyst meet intimation
Publish Date: 27/10/2022
Meghmani Finechem has informed that the Company is having meeting with Arohi Asset Management on 28.10.2022.
The above information is a part of company’s filings submitted to BSE.
Meghmani Finechem informs about analyst meet intimation
Publish Date: 19/12/2022
Meghmani Finechem Limited ('Company') informs that the Company is having One on One VC with Neuberger Berman Group LLC on 20.12.2022.
The above information is a part of company’s filings submitted to BSE.
Meghmani Finechem informs about investor meet
Publish Date: 22/12/2022
Pursuant to Regulation 30 and Para (A) of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Meghmani Finechem has informed that the Company is having meeting with Minerva Asset Advisors on 23.12.2022 in the form of One-on-One Call. The schedule of the aforesaid meeting is subject to change and change may happen due to exigencies on the part of Analyst/Fund Manager/Company. The latest Earnings Presentation and Corporate Presentation to be discussed have already been placed on the website of the Company www.meghmanifinechem.com. No unpublished price sensitive information will be shared/discussed in the meeting with investors.
The above information is a part of company’s filings submitted to BSE.
Meghmani Finechem informs about board meeting
Publish Date: 11/01/2023
Pursuant to Regulation 29 (1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Meghmani Finechem has informed that the meeting of the Board of Directors of the Company will be held on Thursday, 19th January, 2023, at Meghmani House, B/h Safal Profitaire, Corporate Road, Prahladnagar, Ahmedabad -380015 to consider, approve and take on record Un-audited Financial Results of the Company for the Third Quarter ended on 31st December, 2022 along with the Limited Review Reports of the Statutory Auditors thereon. The Board may also consider and recommend Interim Dividend, if any on the Equity Shares of the Company for FY2022-23. The intimation is being given for the information of Shareholders/ Members.
The above information is a part of company’s filings submitted to BSE.
Meghmani Finechem informs about record date for payment of dividend
Publish Date: 19/01/2023
Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Meghmani Finechem has informed that the Board of Directors at its meeting held on Thursday, 19th January, 2023 has fixed Wednesday, 1st February, 2023 as the record date for the purpose of payment of Interim Dividend at Rs. 2.50 (.25%) per Equity Shares of Rs 10 each, on 4,15,50,158 Equity Shares for the Financial year 2022-23.
The above information is a part of company’s filings submitted to BSE.
Meghmani Finechem informs about audio recording of earning call
Publish Date: 20/01/2023
In accordance with the requirement of Regulation 30 of SEBI (LODR) Regulations, 2015 read with Schedule-III Part-A thereof, Meghmani Finechem has informed that the Audio recordings of Earning Conference Call of Q3/9M FY2023 Financial Results is available at the below path: https://www.meghmanifinechem.com/wp-content/uploads/2023/01/Q3FY23-1.mp3 or https://www.meghmanifinechem.com/results/#1593709078579-fb252a2b-ac02.
The above information is a part of company’s filings submitted to BSE.
Board Meeting
Publish Date: 19/01/2023
Quarterly Results & Interim Dividend
Board Meeting
Publish Date: 20/10/2022
Quarterly Results
Board Meeting
Publish Date: 25/04/2022
Audited Results
Board Meeting
Publish Date: 24/01/2022
Quarterly Results Inter alia, to consider the shifting of registered office of the Company outside the local limits of the town.
Board Meeting
Publish Date: 26/10/2021
Quarterly Results
Meghmani Finechem commissions additional capacity of Caustic Soda at Dahej
Publish Date: 30/09/2022
Considering the above, now, Meghmani Finechem stands at Caustic Soda capacity of 4,00,000 TPA and Captive Power plant of 132 MW
Meghmani Finechem has successfully commissioned an additional 1,06,000 TPA capacity of Caustic Soda along with Captive Power plant of 36 MW at Dahej. Considering the above, now, Meghmani Finechem stands at Caustic Soda capacity of 4,00,000 TPA and Captive Power plant of 132 MW.
Meghmani Finechem is primarily engaged in manufacturing and selling of Chlor Alkali & its Derivatives. The Company is also engaged in Trading of Agrochemical products.
Meghmani Finechem acquires immovable property in Dahej
Publish Date: 03/10/2022
The Company has acquired this land considering the future projects
Meghmani Finechem has acquired an immovable property in the form of an Industrial Plot having area admeasuring 289844.41 sq. meters in GIDC Dahej, Taluka: Vagra, District: Bharuch Gujarat, which is in close proximity of the present manufacturing facility of the Company. The Company has acquired this land considering the future projects.
Meghmani Finechem is primarily engaged in manufacturing and selling of Chlor Alkali & its Derivatives. The Company is also engaged in Trading of Agrochemical products.
Meghmani Finechem gets nod to expand production capacity of CPVC Resin plant
Publish Date: 19/01/2023
The Board of Directors of the Company in their meeting held on January 19, 2023 has approved the same
Meghmani Finechem’s board has approved the expansion with an additional 45,000 TPA production capacity of Chlorinated Polyvinyl Chloride Resin (CPVC Resin) plant at Dahej, Gujarat. Considering the above, the capacity of the CPVC Resin plant of the company now stands at 75,000 TPA. The Board of Directors of the Company in their meeting held on January 19, 2023 has approved the same.
Meghmani Finechem is primarily engaged in manufacturing and selling of Chlor Alkali & its Derivatives. The Company is also engaged in Trading of Agrochemical products.
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