Meghmani Organics Limited · NSE:MOL
Meghmani Organics — Q1 FY2025 Earnings Presentation
41 slides from Meghmani Organics's earnings presentation, Jul 27, 2024
Slide 1: Exchange filing letter for Q1 FY2025 investor presentation
Ref: MOL/2024-25/34 July 27, 2024 To, To, National Stock Exchange of India BSE Limited Limited Floor- 25, P J Tower, “Exchange Plaza”, Bandra-Kurla Complex, Dalal Street, Bandra (East) Mumbai 400 001 Mumbai 400 051 Scrip Code:- 543331 SYMBOL:- MOL Sub: - Investor Presentation on Financial Results fo
Slide 2: Meghmani Organics Limited Q1 FY25 Investor Presentation
MEL CHEMISTRY OF SUCCESS AT WORK Meghmani Organics Limited Q1 FY25 Investor Presentation
Slide 3: 03. MOL at a Glance 09. Crop Protection 13. Crop Nutrition
03. MOL at a Glance 09. Crop Protection 13. Crop Nutrition 18. Pigments 22. Quarterly Highlights 29. Historical Financial Performance 31. Leadership and Management 34. Investment Rationale 38. Being a responsible social steward 2
Slide 4: MOL at a Glance
MOL at a Glance Crop Crop Pigments Protection Nutrition
Slide 5: An Integrated diversified Chemical Company with Global Footprint
An Integrated diversified Chemical Company with Global Footprint 35+ Years 9 75+ 3500+ of chemical industry Integrated manufacturing Countries Distributors and dealers experience facilities across India 54,660 MTPA 33,180 MTPA Total Crop Protection Total Pigment Capacity Accreditation for Crop Recog
Slide 6: Fostering sustainable solutions globally
Fostering sustainable solutions globally Ahmedabad Corporate Office Sanand Vatva Dahej Pigment Plant Ankleshwar Panoli Crop Nutrition Plant R&D Center Agro IV Plant Pigment Plant Agro II Plant Agro III Plant Agro V Plant (MPP) Pigment Plant Titanium Dioxide (TiO2 ) Plant Corporat
Slide 7: Niche Product Portfolio with High Growth Potential
Niche Product Portfolio with High Growth Potential Crop Protection Crop Nutrition Pigments Titanium Dioxide (TiO2) (Existing Business) (New Business) (Existing Business) (New Business) Manufacturing products across the Forayed to manufacture Nano Urea One of the top three global capacity Diversifyin
Slide 8: Strategy for Next Phase of Growth
Strategy for Next Phase of Growth Crop Protection Crop Nutrition Pigments Multi purpose product (MPP) Nano Urea(1) Titanium Dioxide (TiO2)(3) plant CAPEX ₹ 390 crore ₹ 150 crore ₹ 600 crore Status Commissioned Commissioned Phase I commissioned 16,500 MTPA Total Capacity 5,000 MTPA 5 crore bottles (P
Slide 9: An enduring journey of over three decades
An enduring journey of over three decades Incorporated as a Diversification by Commissioned 10,800 Pigment Manufacturer setting up 17,400 MTPA 2,4-D in GIDC Vatva, MTPA Greenfield plant in Dahej Ahmedabad with 3,180 First Crop Protection Pigment Plant for CPC Acquired 7,800 MTPA Commissioned new MTP
Slide 10: Crop Protection
Crop Protection Insecticides Herbicides Intermediates
Slide 11: Crop Protection: Segment Overview
Crop Protection: Segment Overview Total Crop Protection Capacity Revenue from operations in FY24 Share in total Exports revenue mix Ankleshwar Plant Dahej Plant Panoli Plant Dahej Plant - MPP CERTIFIED FOR ISO 9001, ISO 14001, ISO 18001 AND ISO 45001. • Global presence across 75+ countries viz. Afri
Slide 12: Crop Protection: MOL's Positioning in the Industry Landscape
Crop Protection: MOL's Positioning in the Industry Landscape Megacyper, Megaban, Synergy, Courage, Megaclaim, Megastar Power, Megakill, Megastar Pesticide Intermediates, Technical Grade Pesticides, and Pesticide Formulations (Bulk Packing & Brand Business) • MOL has facilities for manufacturing of p
Slide 13: Crop Protection: Investing in the Next Phase of Growth
Crop Protection: Investing in the Next Phase of Growth Commissioned Multi Purpose Product (MPP) plant • Installed capacity of 5,000 MTPA. • The plant is located in Dahej as part of backward integration • Will manufacture high value new-age insecticides. • Major Products: Lambdacyhalothrin Tech, Flub
Slide 14: Crop Nutrition
Crop Nutrition New Crop Nano Urea Nutrition Products* *Added 8 new products in fertilizers, biostimulant and micronutrient category in our Crop Nutrition basket, providing a comprehensive, one-stop solution for our farmers to improve the productivity and nutrient use efficiency
Slide 15: Crop Nutrition: Foray into Nano Urea (Liquid) Fertilizer Manufacturing
Crop Nutrition: Foray into Nano Urea (Liquid) Fertilizer Manufacturing Nutrient (liquid) to provide nitrogen to plants as an alternative to the conventional urea Developed to replace conventional urea and it can curtail the requirement of the same by at least 50% Contains 40,000 mg/l of nitrogen in
Slide 16: Crop Nutrition: Nano Urea a way to Sustainable Agriculture
Crop Nutrition: Nano Urea a way to Sustainable Agriculture Nano Urea production process typically involves fewer Nano Urea helps in enhancing soil health, improving resources and energy compared to conventional urea aquatic life and groundwater quality by allowing production. Additionally, its targe
Slide 17: Crop Nutrition: Growing Product Portfolio
Crop Nutrition: Growing Product Portfolio Nano Fertilizer Bio Fertilizer Organic Fertilizer Micro Nutrient Biostimulant 16
Slide 18: Crop Nutrition: On Field Activities
Crop Nutrition: On Field Activities FARMERS MEET FIELD DAY DEMONSTRATION RESULTS 17
Slide 19: Pigments
Pigments High Titanium Phthalocyanine Azo Performance Dioxide Pigments Pigments Pigments (TiO2)
Slide 20: Pigments: Segment Overview
Pigments: Segment Overview Total Pigment Capacity Revenue from operations in FY24 Share in total Exports revenue mix Vatva Plant Panoli Plant Dahej Plant (SEZ) VERTICALLY INTEGRATED MANUFACTURING FACILITIES 77% 78% 82% 83% 78% 78% 76% 88% 60% 41% 756 • Global presence in 75+ countries • Global Distr
Slide 21: Pigments: Investing in Next Phase of Growth – TiO2
Pigments: Investing in Next Phase of Growth – TiO2 Foray into Titanium Dioxide (TiO2) / White Pigments by acquiring Kilburn Chemicals Limited (KCL) in December 2021 It is the most widely used white pigment because of its brightness and its strong UV light absorbing capabilities. It is used to pr
Slide 22: Pigments: Industry Overview & Rationale for foraying into TiO2
Pigments: Industry Overview & Rationale for foraying into TiO2 Global TiO2 Players Indian TiO2 Manufacturers Expected Market 50% 48% India’s Titanium Dioxide (TiO2) current market size is Market Share (%) 4,00,000 MTPA and is growing in double digits. Capex announcement in paint sector will furt
Slide 23: Quarterly Highlights
Quarterly Highlights f
Slide 24: Q1 FY25 Results: Key Highlights (Standalone)
Q1 FY25 Results: Key Highlights (Standalone) Business Operations Financial Performance Other Updates • Crop Protection Revenue from operations remained flat at • Crop Nutrition ₹ 411.1 crore for the quarter under review. Production during Q1 FY25 stood at 10,011 MT, o Commissioned Meghmani Crop Mean
Slide 25: Q1 FY25 Results: Standalone
Q1 FY25 Results: Standalone Revenue & Gross Margin EBITDA Profit after tax 14.2 422 400 411 10.1 (15.1) (25.3) (0.4) (6.3) 27.6% 39.4% 36.2% Q1 FY24 Q4 FY24 Q1 FY25 Q1 FY24 Q4 FY24 Q1 FY25 Q1 FY24 Q4 FY24 Q1 FY25 24
Slide 26: Q1 FY25 Results: Crop Protection
Q1 FY25 Results: Crop Protection Production (MT) & Utilisation (%) Net Revenue & Exports (%) EBITDA & EBITDA Margin (%) 10,512 10,011 8,353 300 275 273 14 11 61% 77% 73% 88% 85% 83% 0.5 0.2% 5.0% 4.2% Q1 FY24 Q4 FY24 Q1 FY25 Q1 FY24 Q4 FY24 Q1 FY25 Q1 FY24 Q4 FY24 Q1 FY25 25
Slide 27: Q1 FY25 Results: Pigments
Q1 FY25 Results: Pigments Production (MT) & Utilisation (%) Net Revenue & Exports (%) EBITDA & EBITDA Margin (%) 4,020 3,736 3,434 125 139 121 9 3 42% 48% 45% 80% 73% 77% (8.4) (7.0%) 2.8% 6.8% Q1 FY24 Q4 FY24 Q1 FY25 Q1 FY24 Q4 FY24 Q1 FY25 Q1 FY24 Q4 FY24 Q1 FY25 26
Slide 28: P&L Statement
P&L Statement Particulars (₹ in Crore) Q1 FY25 Q1 FY24 YoY% FY24 FY23 YoY% Revenue from Operations 411 422 (2%) 1,540 2,557 (40%) COGS 262 305 (14%) 1,002 1,515 (34%) Gross Profit 149 116 28% 538 1042 (48%) Gross Margins % 36.2% 27.5% 34.9% 40.7% Employee Expenses 23 27 (13%) 100 121 (17%) Other Exp
Slide 29: Balance Sheet
Balance Sheet Particulars (₹ in Crore) Mar-24 Mar-23 Particulars (₹ in Crore) Mar-24 Mar-23 Equity & Liabilities Assets Share Capital 25 25 Property, Plant & Equipment 943 997 Reserves & Surplus 1,539 1,631 Capital WIP 135 135 Shareholder's Funds 1,565 1,656 Intangible Assets 14 12 Financial Assets
Slide 30: Historical Financial Performance
Historical Financial Performance
Slide 31: Standalone Annualized Financial Performance
Standalone Annualized Financial Performance Revenue & Gross Margin EBITDA & EBITDA Margin PAT & PAT Margin 38.0% 44.7% 41.7% 40.7% 34.9% 14.5% 17.2% 15.2% 14.2% 0.6% 11.9% 11.4% 12.3% 9.8% (4%) 379 308 364 2,494 2,557 250 280 236 192 185 1,625 1,623 1,540 (57) 10 FY20 FY21 FY22 FY23 FY24 FY20 FY21 F
Slide 32: Leadership and Management
Leadership and >» -=-Management
Slide 33: Leadership and Management: Board of Directors
Leadership and Management: Board of Directors Mr. Ankit Patel Mr. Karana Patel Mr. Darshan Patel Chairman & Managing Director Executive Director Executive Director Mr. Ankit Patel, a dynamic and seasoned leader, brings an Mr. Karana Patel, a visionary leader with over a decade and a Mr. Darshan Pate
Slide 34: Leadership and Management: Board of Directors
Leadership and Management: Board of Directors Mr. Maulik Patel Mr. Kaushal Soparkar Mr. Manubhai K. Patel Prof. (Dr.) Ganapati Yadav Non-Executive Director Non-Executive Director Independent Director Independent Director More than 16 years of experience in the chemical More than 15 years of experien
Slide 35: Investment Rationale
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Slide 36: Why Meghmani Organics
Why Meghmani Organics • Established Market Position along with management expertise across Pigments, Crop Protection and Basic Chemicals • Product reach and distribution are well diversified geographically with • Largest producer of copper phthalocyanine (CPC) blue and is among the presence in 75+ c
Slide 37: Group's Core Values and Vision
Group’s Core Values Integrity Environment, Credibility Law abiding Being Human The Company will maintain Health and Safety The Company will make The Company respects The Company abides by the principle of humanity complete honesty and efforts towards building a and ensures compliances The Company is
Slide 38: Shareholder Information
Shareholder Information SHAREHOLDING PATTERN - June 2024 (IN %) NSE Ticker MOL BSE Ticker MOL | 543331 Share Price (₹)^ 82.08 Market Cap (₹ Crore)^ 2,087 PROMOTER 49.32% % Free Float^ 50.68 FIIs 1.39% Free float market cap (₹ Crore)^ 1,058 DIIs 0.24% Shares outstanding^ 25.4 Crores Public 49.05% 3M
Slide 39: Being a responsible social steward
Being a responsible social steward Blood Donation Camp Education assistance to Dahej school for Health Checkup & First Aid training Camp at setting up Computer Lab Sanjali Primary School, Bharuch Education Assistance – Mobile Education Industry Institutional Partnership- ITI Celebrating World Enviro
Slide 40: Safe Harbor
Safe Harbor This presentation has been prepared by Meghmani Organics Limited solely to provide information about the Company. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information
Slide 41: Meghmani Organics Ltd Registered & Corporate Office
MEGHMANI ORGANICS LTD (CIN: L24299GJ2019PLC110321) REGISTERED & CORPORATE OFFICE: ‘Meghmani House’, Behind Safal Profitaire, Prahlad Nagar, Ahmedabad, Gujarat, 380015 Tel: +91 79 71761000 www.meghmani.com INVESTOR RELATIONS G.S.Chahal | CHIEF FINANCIAL OFFICER Nishant Vyas | INVESTOR RELATIONS E: ir