Operational Highlights
- 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.
- 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.
- EBITDA stood at ₹77.4 Cr with 12.1% EBITDA margins from 20.2% YoY
- The company in its history faced lowest profitability in this quarter
- The 2-4D plant performed better amongst other products. The capacities are at par with Atul ltd after the earlier capex.
- Impact of 1.5% on margins due to loss of incentive benefits from government
- The prices of key raw materials are highly inflated for eg: Last year, industrial grade urea was costing ₹20, this year it has reached ₹75
- Increase in commodity and other cost resulted in incremental pass on and thus overall agrochemical prices are elevated. As and when the input prices correct, expansion in margins are visible.
- 70-75% contribution from export revenue will always continue
- Guidance of 40% growth in topline for FY22 from FY21 and to cross ₹3000 Cr in FY24
- As the products in agrochemicals have increased from last year, contract manufacturing contribution went down from 25% to 20%
Segmental highlights
Pigments business
- The pigments contributed 32% of total revenues in Q3FY22
- Volumes stood at 7281 MT with 88% capacity utilisation
- EBITDA margins in the pigment business shrinked to 4.9% in Q3FY22 compared to 19.1% in Q3FY21
- 82% of revenues in pigments were driven from exports
- Improvement of margins in the pigment business in next one or two quarters is expected.
Agrochemical business
- The agrochemical business contributed 68% to the topline
- Volumes stood at 9428 MT with 74% capacity utilisation
- EBITDA margins in the pigment business shrinked to 17.7% in Q3FY22 compared to 24.6% in Q3FY21
- For agrochemical ,last year margins were exceptionally high because the raw material prices were too low and demand was high
- Pyrethroids contribute almost 50% of revenues in agrochemicals business
- Organo phosphates , neonicotinoid, are relatively much higher in toxicity and getting banned in certain regions. Pyrethroid is relatively less toxic and being accepted in various markets
- Competition in pyrethroid business is from UPL, Bayer, Heranba, Himani.
- Majority of key products are backward integrated and two more backward integration products are underway
- 35-40% business in the export business comes from MNC’s(FMC corp, Sumitomo, Adama, Newfarm)
Capex
- The agrochemicals ongoing capex of ₹310 Cr is progressing as per the plan and commercial production is expected to begin in Q2FY23 with revenue potential of ₹600 Cr on full year of operations
- During Q3 FY22, Meghmani Organics acquired Kilburn Chemicals Ltd. for ₹132 Cr, thereby fast-tracking its foray into Titanium Dioxide (TiO2) funded by internal accruals having 16,500 MTPA capacity
- MOL anticipates doubling its Titanium Dioxide (TiO2) capacity to 33,000 MTPA by Q3 FY24 by incurring total capex of ₹600 Cr funded by an appropriate mix of internal accruals and debt.
- Capex for the commercialisation of existing capacity in phase 1 will be ₹275 Cr(including acquisition cost) and completion by Q3FY23
- The phase 2 for capacity expansion will incur the capex of ₹325 Cr and expected to commence production in Q3FY24
- Post expansion and operations on yearly basis will generate ₹700- ₹750 Cr
- Planning to sell majority of titanium dioxide products in domestic market
- On consolidated basis (with titanium dioxide)the net debt is not more then ₹550 Cr and Debt-Equity will not be beyond 0.5
I have read a few good stuff here. Definitely worth bookmarking for revisiting. I wonder how much effort you put to create such a wonderful informative site.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
kamagra pas cher: Acheter Kamagra site fiable – kamagra 100mg prix
The Real Person!
The Real Person!
Achetez vos kamagra medicaments: Kamagra pharmacie en ligne – kamagra oral jelly
achat kamagra: Kamagra Commander maintenant – Kamagra Commander maintenant
Acheter Cialis: Cialis sans ordonnance pas cher – Tadalafil 20 mg prix sans ordonnance tadalmed.shop
Cialis sans ordonnance 24h: cialis sans ordonnance – Pharmacie en ligne Cialis sans ordonnance tadalmed.shop
The Real Person!
The Real Person!
Tadalafil 20 mg prix sans ordonnance: cialis prix – Cialis sans ordonnance 24h tadalmed.shop
The Real Person!
The Real Person!
cialis prix: Tadalafil 20 mg prix sans ordonnance – Tadalafil 20 mg prix sans ordonnance tadalmed.shop
The Real Person!
The Real Person!
Achat Cialis en ligne fiable: Pharmacie en ligne Cialis sans ordonnance – Acheter Cialis tadalmed.shop
The Real Person!
The Real Person!
Pharmacie sans ordonnance: Pharmacies en ligne certifiees – Pharmacie en ligne livraison Europe pharmafst.com
The Real Person!
The Real Person!
Pharmacie sans ordonnance: Medicaments en ligne livres en 24h – п»їpharmacie en ligne france pharmafst.com
The Real Person!
The Real Person!
Cialis sans ordonnance pas cher: Tadalafil achat en ligne – Cialis sans ordonnance 24h tadalmed.shop
The Real Person!
The Real Person!
п»їpharmacie en ligne france: pharmacie en ligne pas cher – п»їpharmacie en ligne france pharmafst.com
The Real Person!
The Real Person!
Acheter Viagra Cialis sans ordonnance: Cialis sans ordonnance 24h – Tadalafil achat en ligne tadalmed.shop
The Real Person!
The Real Person!
pharmacie en ligne livraison europe: pharmacie en ligne france fiable – pharmacie en ligne pas cher pharmafst.com
The Real Person!
The Real Person!
Acheter Kamagra site fiable: kamagra livraison 24h – kamagra 100mg prix
The Real Person!
The Real Person!
cialis generique: Cialis sans ordonnance 24h – Cialis generique prix tadalmed.shop
The Real Person!
The Real Person!
pharmacie en ligne avec ordonnance: Pharmacies en ligne certifiees – pharmacie en ligne livraison europe pharmafst.com
The Real Person!
The Real Person!
Pharmacie Internationale en ligne: Pharmacies en ligne certifiees – Achat mГ©dicament en ligne fiable pharmafst.com
The Real Person!
The Real Person!
canadian online drugstore: Express Rx Canada – canada drugstore pharmacy rx
The Real Person!
The Real Person!
online pharmacy canada: Express Rx Canada – canadian drug pharmacy
The Real Person!
The Real Person!
canadian discount pharmacy: Generic drugs from Canada – canada pharmacy online
The Real Person!
The Real Person!
Rx Express Mexico: Rx Express Mexico – mexican rx online
reputable mexican pharmacies online: Rx Express Mexico – mexico drug stores pharmacies
canadianpharmacymeds com Express Rx Canada canadian pharmacy
The Real Person!
The Real Person!
medicine in mexico pharmacies: mexico pharmacies prescription drugs – mexico drug stores pharmacies
canadian pharmacy: Generic drugs from Canada – ed drugs online from canada
MedicineFromIndia medicine courier from India to USA Medicine From India
The Real Person!
The Real Person!
mexico pharmacies prescription drugs: Rx Express Mexico – mexico drug stores pharmacies
indian pharmacy online: indian pharmacy – indian pharmacy
The Real Person!
The Real Person!
canadian pharmacy reviews: Express Rx Canada – cheap canadian pharmacy
mexican mail order pharmacies RxExpressMexico mexico pharmacy order online
indian pharmacy online: Medicine From India – indian pharmacy
The Real Person!
The Real Person!
canadian pharmacy 24 com: canadian pharmacy near me – my canadian pharmacy rx
The Real Person!
The Real Person!
vavada: vavada casino – vavada casino
The Real Person!
The Real Person!
пин ап казино официальный сайт: pin up вход – пин ап казино официальный сайт
The Real Person!
The Real Person!
пин ап вход: пин ап казино – пинап казино
The Real Person!
The Real Person!
pin up вход: пинап казино – пинап казино
The Real Person!
The Real Person!
pin-up casino giris: pin-up casino giris – pin up az
The Real Person!
The Real Person!
пин ап казино официальный сайт: пин ап вход – пинап казино
The Real Person!
The Real Person!
pin up azerbaycan: pin up – pin up azerbaycan
The Real Person!
The Real Person!
вавада: вавада официальный сайт – вавада официальный сайт
The Real Person!
The Real Person!
вавада казино: вавада – vavada вход
The Real Person!
The Real Person!
пин ап казино официальный сайт: пин ап вход – пин ап зеркало
pin up: pin-up casino giris – pin up az
пин ап вход: пин ап зеркало – пин ап казино официальный сайт
pin up az: pin up – pinup az
пин ап вход: пинап казино – пинап казино
pin-up casino giris: pinup az – pin up
vavada: вавада официальный сайт – vavada
пин ап зеркало: пин ап казино – пин ап казино официальный сайт
вавада казино: vavada вход – vavada casino
вавада: вавада зеркало – вавада зеркало
пин ап казино официальный сайт: пинап казино – пин ап казино официальный сайт
vavada casino: vavada casino – vavada вход
пин ап казино: пин ап зеркало – pin up вход
This design is spectacular! You obviously know how to keep
a reader entertained. Between your wit and your videos, I was
almost moved to start my own blog (well, almost…HaHa!) Great job.
I really enjoyed what you had to say, and more than that, how you presented it.
Too cool!
Take a look at my webpage: nordvpn coupons inspiresensation (https://t.co/eVysfVwFqe)
pinup az: pin-up – pin up casino
vavada casino: вавада зеркало – vavada casino
пин ап казино официальный сайт: пинап казино – пинап казино
The Real Person!
The Real Person!
http://pinupaz.top/# pin up az
The Real Person!
The Real Person!
cheap Cialis online: best price Cialis tablets – order Cialis online no prescription
350fairfax nordvpn coupon code
It is not my first time to go to see this site,
i am browsing this website dailly and take good data from
here everyday.
The Real Person!
The Real Person!
discreet shipping: cheap Viagra online – discreet shipping
The Real Person!
The Real Person!
secure checkout Viagra: safe online pharmacy – secure checkout Viagra
The Real Person!
The Real Person!
verified Modafinil vendors: purchase Modafinil without prescription – modafinil pharmacy
The Real Person!
The Real Person!
buy generic Viagra online: trusted Viagra suppliers – fast Viagra delivery
The Real Person!
The Real Person!
discreet shipping ED pills: cheap Cialis online – Cialis without prescription
The Real Person!
The Real Person!
safe modafinil purchase: verified Modafinil vendors – buy modafinil online
The Real Person!
The Real Person!
safe modafinil purchase: Modafinil for sale – doctor-reviewed advice
The Real Person!
The Real Person!
FDA approved generic Cialis: discreet shipping ED pills – discreet shipping ED pills
affordable ED medication: discreet shipping ED pills – reliable online pharmacy Cialis
The Real Person!
The Real Person!
no doctor visit required: generic sildenafil 100mg – buy generic Viagra online
affordable ED medication: FDA approved generic Cialis – FDA approved generic Cialis
The Real Person!
The Real Person!
modafinil pharmacy: verified Modafinil vendors – modafinil 2025
cheap Viagra online: discreet shipping – trusted Viagra suppliers
The Real Person!
The Real Person!
reliable online pharmacy Cialis: cheap Cialis online – buy generic Cialis online
The Real Person!
The Real Person!
modafinil pharmacy: doctor-reviewed advice – safe modafinil purchase
The Real Person!
The Real Person!
amoxicillin buy canada: Amo Health Care – where can i get amoxicillin
The Real Person!
The Real Person!
can you get generic clomid tablets: Clom Health – order clomid price
The Real Person!
The Real Person!
Amo Health Care: Amo Health Care – amoxicillin where to get
The Real Person!
The Real Person!
PredniHealth: PredniHealth – PredniHealth
cheap cialis by post: cialis efectos secundarios – cialis online aust
best place to buy tadalafil online: Tadal Access – cialis and nitrates
cialis 5 mg tablet: cialis purchase – cialis 10mg ireland
buy antibiotics online: cheapest antibiotics – Over the counter antibiotics for infection
Over the counter antibiotics for infection: buy antibiotics online – antibiotic without presription
http://biotpharm.com/# buy antibiotics for uti
Medications online Australia: online pharmacy australia – Online medication store Australia
buy antibiotics for uti buy antibiotics online buy antibiotics
buy antibiotics: buy antibiotics online – buy antibiotics for uti
Medications online Australia: pharmacy online australia – Online medication store Australia
PharmAu24: Buy medicine online Australia – Pharm Au 24
Ero Pharm Fast: cheapest online ed meds – generic ed meds online
buy antibiotics over the counter antibiotic without presription get antibiotics quickly
Ero Pharm Fast: Ero Pharm Fast – best online ed treatment
buy antibiotics online: Biot Pharm – buy antibiotics online
Pharm Au 24 PharmAu24 Online drugstore Australia
The Real Person!
The Real Person!
La acción de Sweet Bonanza 1000 transcurre en seis carretes, de cinco filas cada uno. El juego usa la mecánica de Scatter Pay (pago por símbolos de dispersión) que Pragmatic Play popularizó en juegos como Gates of Olympus y Starlight Princess. Sweet Bonanza’s colorful graphics, engaging gameplay, and easy mechanics make it a perfect choice for unwinding and reducing stress levels. Construye la plataforma en el Carmesí, ofertas y promociones todos los días. Además, y aquí hay algunas áreas de preocupación que debe conocer. Pragmatic Play, un conocido desarrollador en la industria de los juegos, lanzó Sweet Bonanza Chile el 25 de junio de 2019. El juego rápidamente ganó popularidad, convirtiéndose en un favorito entre los jugadores a nivel mundial. Posicionado dentro de la serie de juegos de tragamonedas con temática de caramelos de Pragmatic Play, Sweet Bonanza Chile ofrece una experiencia de juego atractiva y colorida.
https://www.rwandanationalparks.com/2025/05/26/resena-de-balloon-app-por-smartsoft-diversion-y-premios-en-el-casino-online-para-mexico/
deneme bonusu veren yeni siteler deneme”> denemebonusuverensiteler25 #>deneme bonusu veren yeni siteler deneme bonusu veren siteler yeni Cali-grade Herb: Brought right from The West Coast, our West Coast Cannabis delivers the premium of the California to Israel’s Capital, recognized for its potent effects and top-notch quality. sweet bonanza yorumlar: sweet bonanza demo – sweet bonanza giris sweetbonanza1st.shop sweet bonanza demo sweet bonanza slot sweet bonanza sweetbonanza1st sweet bonanza oyna: sweet bonanza giris – sweet bonanza 1st sweetbonanza1st.shop sweet bonanza oyna: sweet bonanza giris – sweet bonanza 1st sweetbonanza1st.shop Como veis, este año tampoco nos vamos de vacaciones, aquí podéis ver la programación de las dos Oficinas. Os sugerimos que os mantengáis informados, en la Oficina de Tetuán en Agosto se un curso de Auxiliar de Comercio Polivalente, y en Carabanchel otro de Manipulación de Alimentos. Y por supuesto, seguimos realizando cursos para preparar el examen de Nacionalidad.
The Real Person!
The Real Person!
Plongez dans le frisson d’un match de football à enjeux élevés avec Penalty Shootout. Ce jeu mettra à l’épreuve votre précision et votre timing pour marquer des buts décisifs. Dépassez vos adversaires et faites que chaque tir compte pour remporter le tournoi. Le chemin vers le trophée de la victoire ne repose pas seulement sur la chance, mais bien sur votre habileté. Pour triompher, pratiquez sans relâche, visez avec précision et conservez votre sang-froid sous pression. Il est tout à fait possible de tenter sa chance au Jeu du Penalty de manière totalement gratuite. Il faudra accéder à cette création en mode démo. Vous recevrez ensuite un solde fictif très important afin de tester ce jeu comme bon vous semble. Cela a permis à la marque Jumanji de devenir plus populaire que jamais, l’obtenir sur le site de poker devrait être facile. Ainsi, Betsoft. Veuillez prendre le temps de lire cet article, Yggdrasil. Par exemple, Play’n Go et autres. Booongo a été créé en 2023, continuez à lire notre revue BitcoinBet. Notre équipe d’assistance vous contactera bientôt, une fois que vous avez votre carte de débit et que vous l’avez activée.
https://old.datahub.io/es/user/absilana1983
Cette page est donc accessible uniquement aux visiteurs du Canada, de Suisse ou de Belgique, qui sont à la recherche de sites de jeux pour se divertir en ligne. Remo Stars lost 3-0 on penalties to Ijebu United in the final of the Ogun State FA Cup, the regional qualifying tournament where both finalists qualify for the National FA Cup competition. CasinoDoc ne peut être tenu responsable des pertes éventuelles – Pour que le jeu reste un plaisir, ne pariez jamais que l’argent que vous pouvez perdre. Pour calculer le nombre global d’étoiles et la ventilation en pourcentage par étoile, nous n’utilisons pas une simple moyenne. Au lieu de cela, notre système prend en compte des éléments tels que la date récente d’un commentaire et si l’auteur de l’avis a acheté l’article sur Amazon. Les avis sont également analysés pour vérifier leur fiabilité.
The Real Person!
The Real Person!
Contact Us – Contact Us – As Well As A Very Minimum Withdrawal Option, Through Which You Can Transfer Your Amount To The Bank Account. The right to rectification – You have the right to request that we correct any information you believe is inaccurate. You also have the right to request that we complete the information you believe is incomplete. Contact Us – The right to rectification – You have the right to request that we correct any information you believe is inaccurate. You also have the right to request that we complete the information you believe is incomplete. Contact Us – The right to access – You have the right to request copies of your personal data. We may charge you a small fee for this service. The right to access – You have the right to request copies of your personal data. We may charge you a small fee for this service.
https://nezapirame.fbn.mk/how-to-set-up-lucky-jet-in-your-mobile-browser/
Visit us these days at royaljeet365 and allow the games to start! We999 is an online gaming platform that allows players to earn real money by playing simple and engaging games. Sounds simple, doesn’t it? That’s because it is. Don’t let your free time go to waste. Download We999 today, start playing, and earn money. Your next paycheck could be just a game away. Dragon Tiger Slots – Up Down reinvents the classic card game format by intertwining the thrill of slot machine gameplay. The app uses this unique combination to bring an additional layer of excitement and suspense to each player’s move. There’s a multitude of gaming experiences to enjoy — spinning the slot machine, planning your card moves, and progressing through increasingly challenging levels. Questions surround every game, and Dragon Tiger is no exception. This section will dispel some mysteries and provide clear, direct answers to frequently asked questions about Dragon vs Tiger game winning tricks.
The Real Person!
The Real Person!
Penjudi dari Indonesia dapat memainkan 1win Aviatrix secara daring dari mana saja melalui 1win aplikasi untuk Android atau iOS. Dengan perangkat lunak ini, mereka memiliki akses ke semua fitur permainan. Untuk mulai bermain permainan saat dalam perjalanan, Anda perlu menyelesaikan langkah-langkah berikut: In Aviatrix game, players embark on a thrilling virtual flight, placing bets before the aircraft takes off. Each round begins with players deciding on their wager amount and pressing the ‘Bet’ button to lock in their stakes. Once the Aviatrix plane is airborne, a multiplier value gradually rises, starting from 1.00x and continuing upward indefinitely—until a sudden, unpredictable crash occurs. Playing 1win Aviatrix in Pakistan is legal because the company has an official Curacao license number 8048 JAZ2018-040. You can also rest assured that the game is safe because the basis is laid in the mechanism of provable fair.
https://swaay.com/u/sairiosouka198257196/about/
This outcome is for gamblers. In games where it is randomly decided who will have the ball or which side will attack first, this outcome is present. In fact, it depends entirely on chance, but the odds are almost always 1.90. Latest news, games, programs. Here you can download full versions of any games and programs on your android device, as well as MOD games, completely free and without registration. All of them are absolutely safe as they have been checked for viruses and performance. Do not forget to rate us, as well as leave a comment, since it will help us know better what your preferences are. License number: OCL000000013 Aviatrix is a crash game for money and free, released in 2023 by the studio of the same name, Aviatrix.bet, for top casinos and betting shops. The online slot was not just another addition to the digital gaming arena, but revolutionised the B2B sector of the IGaming market. It is one of the first crash games in the genre of NFT-based aviation video slots, allowing you to upgrade your aircraft and participate in play-to-earn token distribution for activity.
The Real Person!
The Real Person!
O que se considera como minuto pagante Fortune Dragon é sempre o segundo decimal do horário onde se teve um bom ganho. Ou seja, o minuto “3” significa que os melhores horários são os terminados em “3”. Por exemplo, 08:03, 13:13, 21:33, entre outros minutos. Não existe um melhor horário ou horário pagante para Fortune Tiger. Você joga quando estiver disponível para o entretenimento, com responsabilidade. Antigamente, tinha todo um mito que falava sobre horários pagantes no Fortune Tiger. No entanto, como o jogo é totalmente aleatório, isso não é verdade. De acordo com a estratégia de minutos pagantes do Fortune Dragon, ao analisar os resultados de várias rodadas ao longo do dia, seria possível encontrar alguns padrões. A partir disso, definiríamos quais eles são, os tais melhores horários para jogar Fortune Dragon.
https://tweecampus.com/create-blog
\nAlém dos nossos famosos jogos Originais da Stake, a Stake também oferece uma vasta seleção de jogos dos melhores provedores de iGaming da indústria de jogos online. This site is protected by reCAPTCHA, under Google’s Privacy policy and Terms of service. Assim como Fortune Mouse, Fortune Tiger e Fortune Snake são outros jogos da série Fortune no nosso cassino. \nNa Stake cassino, nossa biblioteca de caça-níqueis é constantemente atualizada com novos lançamentos semanais, garantindo que você tenha sempre a melhor experiência e acesso às últimas novidades. Se você é iniciante e está começando no mundo dos cassinos online, não deixe de conferir o nosso blog com dicas e tutoriais sobre como jogar caça-níqueis online . \nAlém dos nossos famosos jogos Originais da Stake, a Stake também oferece uma vasta seleção de jogos dos melhores provedores de iGaming da indústria de jogos online.