Meghmani Finechem Ltd
Meghmani Finechem Ltd (MFL)

Meghmani Finechem Ltd (MFL)

₹1403.152.16%

Key Stats

₹1388
Day's Price Range
₹1469.75
₹650
52-Week Price Range
₹1736
1 Month Return1.49 %
3 Month Return10.24 %
1 Year Return100.62 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 129
18.41
EPS
Rank 24
₹77.88
BVPS
Rank 96
₹174.72
Dividend Yield
Rank 177
ROE
Rank 19
42.16%
Price To Book Ratio
Rank 222
8.2
Debt To Asset
Rank 132
0.52

Company Information

Meghmani Finechem Limited was incorporated in 2007 as a subsidiary of Meghmani organics ltd under the provisions of Companies Act 1956. The Company at present is primarily engaged in manufacturing and selling of Chlor Alkali its Derivatives. The Company is also engaged in Trading of Agrochemical products.The Honble National Company Law Tribunal NCLT Ahmedabad Bench vide its order dated 3 May 2021 the Order has approved the Scheme of Arrangement the Scheme to demerge the Agrochemicals and Pigments Division of Meghmani Organics Limited MOL alongwith its investment in Optionally Convertible Redeemable Preference Shares OCRPS of Meghmani Finechem Limited MFL and transferred to the Company as a going concern. The certified true copy of the Order issued by NCLT Ahmedabad Bench on 05th May 2021 filed with The Ministry of Corporate Affairs the MCA Registrar of Companies ROC Gujarat Dadra Nagar and Haveli on 10th May 2021. The Scheme is effective from 10th May 2021. By this Meghmani Finechem Limited was demerged from Meghmani Organics in FY 202021 to empower the Company grow its ChlorAlkali business. The demerged Company is now being driven by the second generation of the promoter family that came on the Board of the Company in 2016. The Companys ChlorAlkali business was commissioned in 2009 growing from an installed capacity of 188000 TPA in 2015 to 315000 TPA at the close of FY 202021. The Company is now among the leading players in Indias chlor alkali industry.The Company grew its business following the commissioning of new plants Caustic Soda Hydrogen Peroxide and the 36 MW Captive PowerPlant. The timely commissioning of the plants represented the faith of the management in the longterm potential of the sector and country. The Caustic Soda capacity was expanded by 127000 TPA to 294000 TPA and commissioned in June 2020. The Captive Power Plant capacity was increased by 36 MW to 96 MW commissioned in June 2020. The Company commissioned a 60000 TPA Hydrogen Peroxide plant in July 2020. The complement of these manufacturing capacities will broadbase the Companys manufacturing foundation strengthen integration moderate the cost structure and provide a platform for valueaddition. The payback from these investments is likely to be recovered in 45 years validating the Companys commitment to profitable growth.During the year under review 202021 the Company announced the implementation of a manufacturing facility for Epichlorohydrin ECH and Chlorinated Polyvinyl Chloride CPVC which are expected to add attractively to the Companys volumes and profitability across the future. The ECH project will be the first time that the product will be manufactured in India. The 50000 TPA facility will be based on glycerin feedstock that is obtained from 100 renewable resources addressing the need for costeffectiveness and moderated carbon footprint. The project is likely to be commissioned during the first quarter of the next financial year. The CPVC Resin project of 30000 TPA at a cost of H190 Cr is likely to be commissioned in the second quarter of FY 202223.
OrganisationMeghmani Finechem Ltd
HeadquartersBharuch
IndustryChemicals