Meghmani Organics Financial Statements

Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar Mar-2018 Mar-2017 Mar-2016 Mar-2015
Growth matrix (%)        
Revenue growth 27 6.82 2.68 9.83
Op profit growth 49.30 10.70 28.40 3.70
EBIT growth 74.20 0.45 55.40 10.70
Net profit growth 95.30 6.30 88 92.50
Profitability ratios (%)        
OPM 23.90 20.30 19.60 15.70
EBIT margin 20.30 14.80 15.80 10.40
Net profit margin 9.50 6.18 6.21 3.39
RoCE 25.30 15.70 15.80 9.75
RoNW 5.39 2.97 3.15 2.05
RoA 2.96 1.64 1.55 0.79
Per share ratios ()        
EPS 9.36 4.57 4.38 1.64
Dividend per share 0.40 0.40 0.30 0.40
Cash EPS 3.01 (0.10) 0.23 (1.20)
Book value per share 34.20 28.30 29.80 21.70
Valuation ratios        
P/E 9.03 8.16 5.21 9.09
P/CEPS 28.10 (314) 101 (12)
P/B 2.47 1.32 0.77 0.69
EV/EBIDTA 5.47 4.65 4.01 4.81
Payout (%)        
Dividend payout 5.94 11.60 11.10 57.90
Tax payout (27) (25) (24) (23)
Liquidity ratios        
Debtor days 71.40 84.60 88.40 94.30
Inventory days 51.60 71.30 72.60 65.60
Creditor days (51) (60) (59) (56)
Leverage ratios        
Interest coverage (9.20) (4.10) (3.30) (1.80)
Net debt / equity 0.43 0.63 0.75 1.14
Net debt / op. profit 0.87 1.56 2.17 3.09
Cost breakup ()        
Material costs (50) (56) (53) (59)
Employee costs (5.50) (4.60) (4.40) (5.60)
Other costs (20) (19) (23) (20)
Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 2,191 1,803 1,420 1,329
yoy growth (%) 21.50 27 6.82 2.68
Raw materials (1,239) (910) (794) (707)
As % of sales 56.50 50.50 55.90 53.20
Employee costs (129) (100) (65) (58)
As % of sales 5.87 5.53 4.56 4.36
Other costs (390) (362) (272) (303)
As % of sales 17.80 20.10 19.20 22.80
Operating profit 434 431 289 261
OPM 19.80 23.90 20.30 19.60
Depreciation (89) (95) (91) (77)
Interest expense (43) (40) (51) (63)
Other income 56.10 30.30 12.40 25.50
Profit before tax 359 327 160 146
Taxes (70) (88) (40) (35)
Tax rate (20) (27) (25) (24)
Minorities and other (49) (67) (29) (29)
Adj. profit 240 172 91.50 82.50
Exceptional items -- (1.10) (3.80) --
Net profit 240 171 87.70 82.50
yoy growth (%) 40.20 95.30 6.30 88
NPM 11 9.50 6.18 6.21
Switch to
Tabular Data
Graph
Y/e 31 Mar ( In .Cr) Mar-2018 Mar-2017 Mar-2016 Mar-2015
Profit before tax 327 160 146 60.20
Depreciation (95) (91) (77) (75)
Tax paid (88) (40) (35) (14)
Working capital (34) (38) 46.60 (83)
Other operating items -- -- -- --
Operating cashflow 110 (9) 81.20 (112)
Capital expenditure 169 (19) (194) 155
Free cash flow 279 (28) (113) 42.90
Equity raised 1,153 1,066 1,134 996
Investments 36.10 9.54 (24) 23.30
Debt financing/disposal 50.20 (56) 49.90 (27)
Dividends paid 10.20 10.20 7.63 21.10
Other items -- -- -- --
Net in cash 1,528 1,002 1,055 1,057
Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar ( In .Cr) Mar-2019 Mar-2018 Mar-2017 Mar-2016
Equity capital 25.40 25.40 25.40 152
Preference capital -- -- -- --
Reserves 978 845 693 606
Net worth 1,004 871 718 758
Minority interest
Debt 716 386 461 578
Deferred tax liabilities (net) 50.40 50.60 33.70 (28)
Total liabilities 1,920 1,528 1,368 1,308
Fixed assets 1,254 898 797 827
Intangible assets
Investments 0.57 72 29.10 0.59
Deferred tax asset (net) 0.28 7.52 5.22 (54)
Net working capital 530 541 526 523
Inventories 411 268 242 313
Inventory Days -- 54.20 62.10 85.90
Sundry debtors 431 375 331 327
Debtor days -- 75.80 85.10 89.80
Other current assets 145 188 171 115
Sundry creditors (318) (207) (175) (193)
Creditor days -- 42 45.10 53.10
Other current liabilities (140) (83) (42) (38)
Cash 135 9.92 10.20 11
Total assets 1,919 1,528 1,368 1,308
Switch to
Consolidated
Standalone


Particulars ( Rupees In Crores.) Jun-2020 Mar-2020 Dec-2019 Sep-2019 Jun-2019
Gross Sales 428 520 522 532 616
Excise Duty -- -- -- -- --
Net Sales 428 520 522 532 616
Other Operating Income -- -- -- -- --
Other Income 3.06 26.50 7.98 17.90 3.78
Total Income 431 547 530 550 620
Total Expenditure ** 332 436 418 422 481
PBIDT 99.50 111 113 128 139
Interest 10.30 15.70 13.50 6.06 7.35
PBDT 89.20 94.90 99.20 122 132
Depreciation 23.20 22.30 22.40 22 21.90
Minority Interest Before NP -- -- -- -- --
Tax 15.40 18.20 19 13.30 30.10
Deferred Tax 3.74 (2.70) 1.10 (11) 1.75
Reported Profit After Tax 46.80 57 56.70 97.50 77.80
Minority Interest After NP 7.67 5.69 9.09 13.20 20.90
Net Profit after Minority Interest 39.10 51.30 47.60 84.40 56.90
Extra-ordinary Items -- -- -- -- --
Adjusted Profit After Extra-ordinary item 39.10 51.30 47.60 84.40 56.90
EPS (Unit Curr.) 1.54 2.02 1.87 3.31 2.24
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- 100 -- -- --
Equity 25.40 25.40 25.40 25.40 25.40
Public Shareholding (Number) -- -- -- -- --
Public Shareholding (%) -- -- -- -- --
Pledged/Encumbered - No. of Shares -- -- -- -- --
Pledged/Encumbered - % in Total Promoters Holding -- -- -- -- --
Pledged/Encumbered - % in Total Equity -- -- -- -- --
Non Encumbered - No. of Shares -- -- -- -- --
Non Encumbered - % in Total Promoters Holding -- -- -- -- --
Non Encumbered - % in Total Equity -- -- -- -- --
PBIDTM(%) 23.20 21.20 21.60 24.10 22.50
PBDTM(%) 20.80 18.20 19 22.90 21.30
PATM(%) 10.90 11 10.90 18.30 12.60