Fantastic Results once again …
Sales rose 18.72% to Rs 460.66 crore in the quarter ended September 2017 as against Rs 388.01 crore during the previous quarter ended September 2016.
Net profit of Meghmani Organics rose 70% to Rs 55.09 crore in the quarter ended September 2017 as against Rs 32.52 crore during the previous quarter ended September 2016.
For Q2 2018 (as compared to Q2 2017), there is
13.1% growth in Total Income resulting in
69.43% growth in Net Profit and
79.9% growth in EPS
For H1 2018 (as compared to H1 2017), there is
15% growth in Total Income resulting in
62.47% growth in Net Profit and
76.3% growth in EPS
and the other important number is EPS for FY17 for full year was Rs 3.45 where as EPS for H1 2018 itself is at Rs. 3.05, which is extremely positive.
extrapolating the same for the rest of FY18 , we should see a EPS of 6-6.5 rupees and assuming average industry PE of 30 , it has enough margin of safety .
Disclosure : Invested