Meghmani Expansion Plans:
Disclaimer: Mostly this calculation is based on management commentary and some of it is our assumption. Invested.
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My holding of meghmani orgenic suddenly disappeared. Why?
Its getting demerged into 2 entities if I am not wrong Agro and chemical businesses.So you must get allocations accordingly of 2 companies with changed names.
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Yes. Same no. of shares of Meghmani Organochem as shares held of Meghmani Organics and 94 shares of Meghmani Finechem for every 1000 shares of Meghmani Organics.
@DevPatel Have you received any confirmation on meghmani. My father holds 75 shares of meghmani, it still showing in demat account. There seems no communication on email.
Do we need minimum 94-100 shares to get finechem?
Any assistance will be helpful
Meghmani Finechem is doing the ECH capacity at almost 50% lower capex than itâs peers and also commissioning itâs capacity one year ahead of the schedule. Big advantage.
Source: Be the last man standing...
See the latest recording of the analyst meet here GIA Stocks
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Hi , Can any one please tell when the new shares will be listed and start trading on exchange again. Is there any date announced
When Meghmani Organics stopped trading, its market cap was about 3500 cr. Whats the expected marketcap of the two new cos, Meghmani Organochem and Meghmani Finechem??
Curious about the usual time it takes for demerged entitiesâ shares to list? Been some time now wrt Meghmani.
Isnât it a little unusual for the demerged entities to take so long to get re-list? Iâm wondering if theyâve run into trouble with SEBI or exchanges which actually have to issue the circular for trading?
Hi,
Wanted to clarify some confusion regarding financials of the demerged Meghmani Finechem. The financials reported for MFL on thr presentation are : -
However, in latest presentation of Meghmani Organics, the financials of pigments business are reported as : -
Huge difference in Revenues and margins esp. FYâ21(Is it a re-listing dress up 
) Or whatâs the link that Iâm missing. Can someone invested frm pre demerger clarify this?
@Rakesh_Arora , others - would like to know ur thoughts regarding this.
Disclosure : - not invested. Studying it as a spin-off play after coming across the idea in special situations thread.
I think you got confused. MFL is into Chlor Alkali segment. Pigments and Agrochem went with MOL.
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Meghmani Finchem Investor Presentation(This has chlor alkali and planning to enter higher derivatives)
Meghmani Organochem (Changed back to Meghmani Organics) Investor Presentation (This is combination of Pigments and Agrochemicals)
@shardhr you can verify you numbers from above presentation
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@Rakesh_Arora :- Thanks for clarifying. The confusion is resolved now.
@Shawn_Lopes :- Yes, I referred those docs nd latest co. presentations. Bt it seems chemistry and chemical industry is out of my Circle of Competence( and way too out 
)
Disclosure :- Same as above
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Listing of Equity Shares of Meghmani Organics Limited.
http://meghmani.com/wp-content/uploads/2021/08/mol-listing.pdf
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What prices do you anticipate foe the 2 companies ?
Why did Meghmani Organics list below its price when it moved out of trading.
Also the results have been goodâŚmore than double for both the demerged entitiesâŚso I am expecting both the stocks to move in circuits for at least next 5-7 days.
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Amazing Revenue CAGR targets FY 2024. Seems possible with Agrochemical capex plan & clear disclosures on expected revenue from capex.
http://meghmani.com/wp-content/uploads/2021/08/Q-1-FY-22-Investor-Presentation.pdf
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After studying concall and result of Meghmani organics in details, I found following major points which I want to share with fellow VPians:
- Within 2 months they are either going to acquire new pigment company(mostly NCLT) or will build new plant in new pigment color(other than green and blue). Although they didnât disclose the colour but I think it can be white as itâs the most used colour for paint business and Meghmani was always eyeing on 3rd pigment colour to have a better margin. They told that this 3rd pigment addition can be through organic(new plant/expansion) or inorganic way (means acquisition)
- Meghmani currently has 2000-2200 Mcap and against this low Mcap they are generating 300 Cr profit(90 Cr this quarter)!! Cheap valuation. For this profit, Mcap should have been 5500-6000 Cr which IMHO shall follow in coming quarters.
- This is not hinted anywhere in concall but there may be a possibility that Meghmani can again do next value unlocking by splitting pigment business and agrochem business (as pigment business shall carry higher valuation). Time will tell.
- At current levels, itâs available at very reasonable price and risk reward ratio is in favour. Will add more once UC gets broken.
Disc: Invested, Biased
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