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Apr 26 • 9 tweets • 6 min read
Meghmani Finechem Limited Q4 FY22 Earnings Concall Insights

#MFL #MeghmaniFinechem #MFLQ4 #concall #concalls #insights #results #stocks #TrendingStocks #earnings #stockmarketindia #StockToWatch
🧵
MFL closed the year with highest ever revenue and PAT of INR1,551 crores and INR253 crores respectively, which is attributed to a volume growth of 20% and higher realization for all the products.
Q&A Insights: Manish Jain of @MoneylifeAdvice asked about the demand outlook for ECH in domestic industry. Maulik Patel MD said currently the ECH is in its peak demand due to the infrastructure projects. MFL said it expects this to remain the same for next one or two years.
Q&A Insights: Manish Jain of @MoneylifeAdvice also asked about the ECH demand in terms of tonnage per year. Maulik Patel MD said that Indian demand is around 70,000-75,000 tons. And added that the demand probably in next FY, will reach to more than 85,000 to 90,000 KTA in India.
Q&A Insights: Rohit Nagraj from @EmkayGlobal enquired about the expectation of caustic imports over the next few quarters. Maulik Patel MD replied that looking at the current situation, MFL believes it’s going to continue doing exports from India for next couple of quarters.
Q&A Insights: Madhav of @Fintrust_India asked about the debt repayment structure that’s sequentially up YoY. Sanjay CFO said hat MFL’s debt will be reduced substantially as about INR142-150 crores repayment will be done on a YoY basis and debt to EBITDA will remain below 2%.
Q&A Insights: Madhav Dhanuka of @Fintrust_India queried about capacity expansion. Maulik MD said MFL announced 3 major projects. One, epichlorohydrin; second, chlorinated PVC; and third, expansion of caustic soda. In FY23, MFL expects vol. growth close to 20% from the 3 projects.
Q&A Insights: Riya Mehta with @AequitasL asked about the current cost of acquisition of the coal right now. Maulik Patel MD answered that cost depends on what kind of GCV one is buying. So it is very difficult to judge a per ton cost of coal.
To read further on the detailed analysis of #MFL concall Q&A …

alphastreet.com/india/meghmani…

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