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Buzzing Stocks: UltraTech Cement, Ahluwalia Contracts, Meghmani Organics, Bank stocks, others in focus

Meghmani Organics Limited informed about a fire incident at its Pigment Plant in the Panoli GIDC area in the Bharuch district of Gujarat on Sunday. The company shares took a beating on Monday after the fire reports.

Meghmani Organics stocks fall after fire at pigments plant at Panoli

Meghmani Organics said its Ebitda margin fell 100 basis points to 11 per cent from 12 per cent YoY. Net profit margin plunged to 3 per cent from 11 per cent YoY, the company told stock exchanges.

Meghmani Organics shares plunge 12% as Q3 profit tanks 74%. Full details

Yes Bank Ltd, Apar Industries Ltd, Meghmani Organics Ltd and Saregama India Ltd are among the other losers in the BSE’s ‘A’ group today, 23 January 2023.

National Standard (India) Ltd leads losers in ‘A’ group

Meghmani Organics fell 5.68% to Rs 99.65 after the company’s consolidated net profit declined 87.79% to Rs 8.35 crore on 14.19% fall in net sales to Rs 549.43 crore in Q3 December 2022 over Q3 December 2021.

Meghmani Organics tumbles after Q3 PAT drops 88% YoY

Meghmani Organics Crashes As Q3 Profit Plummets 74%, Forays into TiO2 Production

Meghmani Organics consolidated net profit declines 87.79% in the December 2022 quarter

Meghmani Organics said that its wholly owned subsidiary MCNL has entered into a licensing agreement with one of leading domestic fertiliser manufacturer for producing nano urea fertilizer by using their domestically developed patented technology.

Meghmani Organics forays into nano urea manufacturing

Nano urea is revolutionary Liquid Fertilizer and is effective in enhancing the nutritional quality, crop’s productivity and additionally, it is environmentally safe. India’s urea demand stands at 35 Million metric tons (MMT) per annum, of which

Meghmani Organics forays into manufacturing of Nano Urea (liquid) fertilizer

Meghmani Organics advanced 2.99% to Rs 118.90 after the company announced the signing of a supply agreement for 5 years with one of the leading Global Agrochemical Company.

Meghmani Organics rises on bagging supply contract worth $100 million

The total capacity of this Plant will be 5000 TPA and total turnover of this Plant will be Rs600 crore plus on full year of operation, the company said.

Meghmani Organics begins production at multi-product plant at Dahej

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced but is in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Meghmani Organochem Ltd is a manufacturer of chemical products. The Company is located in Ahmedabad, India.