MOL (Meghmani) Good Company to participate in investment. Genuine business on hand and products. Good export market in more than 50 contries. Don't loose it. You will definately earn out of it.
Meghmani organics limited. This is one of the company who has real products to manufacture and have direct client for their product. They are in the business since last 25 years. THIS IS THE FIRST INDIAN COMPANY WHO LISTED THEIR SHARES ON SINGAPORE STOCK EXCHANGE. Dont lease it. Subscribe immeidately maximum.
Meghmani organics Limited. Its fundamentaly very strong company having total group turn over more than Rs. 450 crores with export turn over of more than rs. 250 crores. Good clientile base and business products are there. Good investment for short term as well as long term also.
Day two has gone, Still just .07 times subscription. Institutional Buyers hadn't applied yet, what do you think is it going to be subcribe more than 5 times ????????
At the upper end of the price band, the company demands a P/E of 12.4 times its FY07 EPS of Rs 1.5. Meghmani Organics doesn’t have any peers since it is the only company with a presence in both pigments and agrochemicals businesses. United Phosphorous, a major agrochemicals company, trades at a P/E of 18.8 (based on consolidated EPS).
Meghmani Organics has been trading on the Singapore Stock Exchange since August ’04. Currently, it trades at a P/E of over 6x. This is cheaper than the P/E it demands in India. It has earned a return of over 34% till date since its listing. The benchmark index STI has more than doubled in the meantime. The company’s dividend yield is below 3.
Meghmani Organics is led by sound top management comprising industry veterans. It has a stronghold in the exports market. It plans to export its pesticide products (mainly acephate) to Brasil. The company manufactures high performance pigments, which are sold at a better price realisation than normal pigments. This helps it to stay ahead of its competitors from China, which lacks technical skills to provide high-end pigments. On the flip side, the company’s profitability has been hit due to a steep rise in input prices. Margins may be further affected by the appreciating rupee, as the company exports a major chunk of its output. The impact will be muted to some extent as 30% of its inputs are imported and a stronger rupee will make them cheaper.
The company operates in a commodity business, which follows the trend in the global industrial cycle. Thus, returns from investment may not be huge. Nevertheless, a good management assures good performance in future. Investors who want to benefit from the company’s diverse business model can enter post-IPO at a lower price.
Hi tanushree, can u tell me clearly whts the status of Meghamani ipo as i m new to business and i guess u can help me in carving mine ways out so plz guide me wht should i do with meghamani /nelcas or DLF .. which will be best buy from your wish .