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Key highlights from #MeghmaniOrganics Q4FY23 concall
CMP - ₹81.4
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CMP - ₹81.4
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•The prices of TiO2 had gone to as low as ₹160/kg. The prices have started improving right now and are currently greater than ₹190/kg. Ilmenite ore prices have also come down to a reasonable price from ₹45/kg to ₹28/kg.
•The company plans to make TiO2 by the sulfate process where they will be reacting ilmenite ore with sulfuric acid to produce TiO2 . At present, almost 2 lakh tonnes of TiO2 is imported in India. The company is planning an import substitution for TiO2 going forward.
#Meghmaniorganics Q3 22 Concall Highlights 🧪🧪
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Operational Highlights
1. Despite the challenging business environment, Meghmani Organics Ltd. (MOL) revenue grew by 43.7% YoY to ₹ 640 Cr in Q3 FY22 aided by higher realisation from Pigments
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Operational Highlights
1. Despite the challenging business environment, Meghmani Organics Ltd. (MOL) revenue grew by 43.7% YoY to ₹ 640 Cr in Q3 FY22 aided by higher realisation from Pigments
along with improvement in volume & higher realisation from Agrochemicals business.
2. As an industry wide phenomenon, MOL too faced the challenge in respect to hardening of raw material prices.
2. As an industry wide phenomenon, MOL too faced the challenge in respect to hardening of raw material prices.
Due to the sudden and sharp rise of raw material prices, MOL faced a challenge in terms of fully passing on to consumers.
3. EBITDA stood at ₹77.4 Cr with 12.1% EBITDA margins from 20.2% YoY
3. EBITDA stood at ₹77.4 Cr with 12.1% EBITDA margins from 20.2% YoY
#akshar chemicals - FY20 would be a yr to watch. Rev/PAT going 2x, ebitda% improving ~15% to 20% as major contribution frm pigments and silica. Margins wd be more stable due to lower contribution from dye intermediates. #bodal chemicals #kiri chemucals #shree pushkar
Fairly valued at 15x at 610. Though 2 yr fwd is ~8x. #Vinyl Sulphone and #H Acid realizations have stabilized now from peaks due to #China factor last year. Capex permissions are not easy to get with dye intermediates being highly toxic.
Pigments and silica doesn't get impacted by China factor, as being products for domestic market. #Akshar Chem
