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MOL - Meghmani Organi.

📊 NSE: MOL 🏢 Pesticides / Agrochemicals - Indian 📅 Last Updated: 12/14/2025 9:47

📢 Recent Corporate Announcements

Meghmani Organics to Participate in Arihant Capital Investor Conference on March 11, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Mar 2026, 12:41 PM

Meghmani Organics Limited (MOL) has scheduled a virtual interaction with analysts and institutional investors on March 11, 2026. The company will be participating in the Arihant Capital - Bharat Connect Conference to discuss general business updates. This disclosure is a routine compliance under Regulation 30 of SEBI (LODR) Regulations, 2015. The management has clarified that no unpublished price-sensitive information will be shared during the session.

Virtual conference scheduled for Wednesday, March 11, 2026
Participation in the Arihant Capital - Bharat Connect Conference
Compliance with SEBI Listing Obligations and Disclosure Requirements
Company confirms no price-sensitive information will be disclosed during the meet

💡 Investors should monitor the exchange filings for any investor presentations or transcripts released after the conference for insights into the company's outlook. No immediate action is required as this is a routine investor relations event.

Meghmani Organics Subsidiary Kilburn Chemicals Assigned IND BBB Rating with Negative Watch

🔵 WATCH ⭐ 6/10

ROUTINE 📅 27 Feb 2026, 07:03 PM

India Ratings & Research has assigned credit ratings to Kilburn Chemicals Limited, a subsidiary of Meghmani Organics Limited. The ratings cover bank facilities totaling INR 2,742 million, including a term loan of INR 1,992 million and working capital limits of INR 750 million. Notably, all rated facilities have been placed on 'Rating Watch with Negative Implications,' signaling potential downward pressure on the credit profile. Investors should monitor the subsidiary's operational performance as it may impact the parent company's consolidated financial health.

India Ratings assigned 'IND BBB' rating to Kilburn Chemicals' INR 1,992 million term loan.
Working capital limits of INR 750 million received 'IND BBB' and 'IND A3+' ratings.
Total rated bank facilities for the subsidiary amount to INR 2,742 million.
All facilities are placed on 'Rating Watch with Negative Implications' as of February 27, 2026.

💡 Investors should monitor the reasons behind the 'Negative Implications' watch, as a potential downgrade could increase borrowing costs for the subsidiary and affect the parent company's valuation.

Meghmani Organics Notifies Shareholders on Unclaimed Dividend Transfer to IEPF

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 18 Feb 2026, 01:22 PM

Meghmani Organics Limited has issued a formal notice to shareholders regarding the transfer of unclaimed dividends and corresponding shares to the Investor Education and Protection Fund (IEPF). This action applies to dividends that have remained unclaimed for seven consecutive years, starting from the FY 2018-19 interim dividend. Shareholders must submit their claims to the company's Registrar and Transfer Agent (RTA) by May 20, 2026, to prevent the transfer. Post-transfer, recovery of shares and dividends will require filing e-form IEPF-5 with the government authorities.

Applies to dividends unclaimed for 7 consecutive years starting from FY 2018-19.
Shareholders must claim unpaid dividends on or before May 20, 2026.
Includes dividends from FY 2018-19 (Interim) through FY 2022-23 (Final).
Shares will be transferred to the IEPF account if claims are not processed by the deadline.
Claims can be directed to RTA MUFG Intime India Private Limited with KYC documents.

💡 Investors should verify their bank credit records for dividends since 2018 and contact the RTA if any payments are missing. Ensure your KYC and bank details are updated in your demat account to avoid future dividend claim issues.

Meghmani Organics Q3 FY26: Standalone PAT at ₹22 Cr; TiO2 Plant Shut Down to Curb Losses

🔵 WATCH ⭐ 7/10

EARNINGS 📅 07 Feb 2026, 04:33 PM

Meghmani Organics reported a standalone revenue of ₹485 crores and a PAT of ₹22 crores for Q3 FY26, with the Crop Protection segment contributing 79% of revenue. The consolidated performance was impacted by the Titanium Dioxide (TiO2) segment, which faced high raw material costs and the withdrawal of anti-dumping duties, leading to a temporary plant shutdown. While 9M FY26 consolidated PAT turned positive at ₹21 crores compared to a loss last year, export volumes faced pressure due to US trade policy uncertainties. Management remains focused on debt reduction, having repaid ₹128 crores year-to-date.

Standalone Q3 FY26 revenue reached ₹485 crores with an EBITDA margin of 10.6%.
Crop Protection segment EBITDA margin stood at 15.3% despite a 14% volume decline due to export headwinds.
Consolidated 9M FY26 PAT improved to ₹21 crores from a loss of ₹30 crores in the prior year period.
TiO2 plant temporarily shut down to mitigate losses following the withdrawal of anti-dumping duties by the Finance Ministry.
Consolidated debt stands at ₹783 crores with a debt-to-equity ratio of 0.51 as of December 31, 2025.

💡 Investors should closely monitor the re-imposition of anti-dumping duties on TiO2 and the stabilization of US trade policies as primary recovery triggers. The stock remains a 'Watch' until the Pigment and TiO2 segments demonstrate sustainable margin improvement and operational stability.

Meghmani Organics Releases Q3 FY26 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 02 Feb 2026, 07:04 PM

Meghmani Organics Limited (MOL) has made the audio recording of its Q3 FY2026 earnings conference call available to the public. The call was conducted on February 02, 2026, at 3:00 PM IST following the announcement of the company's third-quarter financial results. This disclosure is a routine regulatory requirement under SEBI (LODR) Regulations to ensure all investors have access to management's commentary. Shareholders can access the recording via the link provided on the company's official website.

Audio recording of Q3 FY26 earnings call released on February 02, 2026.
The conference call was held at 3:00 PM IST to discuss quarterly performance.
Compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Direct link for the recording is hosted on the Meghmani Organics corporate website.

💡 Investors should listen to the recording to understand management's outlook on the agrochemical and pigment industries and any guidance provided for the final quarter of FY26.

Meghmani Organics Q3 FY26 Net Profit Declines 26% YoY to ₹22.3 Crore

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 31 Jan 2026, 03:47 PM

Meghmani Organics reported a weak Q3 FY26 with standalone revenue declining 13% YoY to ₹484.9 crore and net profit falling 26% to ₹22.3 crore. The performance was primarily impacted by softer export demand due to US trade policy uncertainty and low capacity utilization in the Pigments segment at 38%. Despite the quarterly slowdown, the 9M FY26 performance remains strong with net profit surging 226% YoY to ₹105.7 crore. Management expects recovery through the re-imposition of Anti-Dumping Duties on TiO2 and normalization of raw material costs.

Q3 FY26 Revenue from Operations fell 13% YoY to ₹484.9 crore compared to ₹558.0 crore.
Net Profit for the quarter dropped 26% YoY to ₹22.3 crore with margins shrinking to 4.6%.
Pigments segment struggled significantly with EBITDA of only ₹0.7 crore and 38% capacity utilization.
Crop Protection segment remained the mainstay, contributing 79% of revenue with 66% capacity utilization.
9M FY26 cumulative performance remains positive with EBITDA up 75% YoY to ₹202.5 crore.

💡 Investors should exercise caution as the company faces immediate headwinds in export markets and the Pigments division. Monitor the status of Anti-Dumping Duty on TiO2 and global demand recovery before increasing exposure.

Meghmani Organics Q3 FY26 Revenue Drops 13% YoY to ₹484.9 Cr; EBITDA at ₹51.5 Cr

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 31 Jan 2026, 03:41 PM

Meghmani Organics Limited (MOL) reported a 13% year-on-year decline in standalone revenue for Q3 FY26, totaling ₹484.9 crore. EBITDA also decreased to ₹51.5 crore from ₹60.4 crore in the previous year's corresponding quarter. The Crop Protection segment remains the primary revenue driver, contributing 79% of the total revenue with an EBITDA margin of 15.3%. The company is currently focusing on strategic expansions in Titanium Dioxide (TiO2) and Nano Urea to diversify its portfolio and reduce reliance on traditional segments.

Standalone revenue from operations decreased 13% YoY to ₹484.9 crore in Q3 FY26.
Crop Protection segment revenue stood at ₹382.1 crore, contributing 79% of the total mix.
Exports remain critical, accounting for 87% of Crop Protection and 80% of Pigment revenue streams.
The company has an installed capacity of 5 crore bottles per year for its new Nano Urea liquid fertilizer.
MOL is positioning its Titanium Dioxide (TiO2) business as a major import substitute, targeting a market where 79% of supply is currently imported.

💡 Investors should exercise caution due to the decline in quarterly revenue and EBITDA, suggesting near-term headwinds in core segments. Monitor the ramp-up and margin contribution from the new Nano Urea and TiO2 projects as they are critical for future growth.

Meghmani Organics Q3 FY26: Consolidated Revenue Falls 10.5% YoY to ₹508.7 Cr, Posts ₹3.5 Cr Net Loss

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 31 Jan 2026, 02:04 PM

Meghmani Organics reported a weak performance for Q3 FY26, with consolidated revenue declining 10.5% YoY to ₹50,873.71 Lakhs. The company recorded a consolidated net loss of ₹352.83 Lakhs, a sharp reversal from the ₹1,155.32 Lakhs profit in the preceding quarter. While the Agrochemicals segment remains profitable on a standalone basis, the Pigments segment reported a loss of ₹134.92 Lakhs. Additionally, the board approved the re-appointment of three independent directors for a second three-year term starting May 2026.

Consolidated Revenue from operations fell 10.5% YoY to ₹50,873.71 Lakhs from ₹56,851.10 Lakhs.
Reported a consolidated Net Loss of ₹352.83 Lakhs compared to a profit of ₹1,155.32 Lakhs in Q2 FY26.
Standalone Agrochemicals segment revenue stood at ₹38,210.07 Lakhs, contributing ₹5,206.61 Lakhs in segment profit.
Standalone Pigments segment reported a loss of ₹134.92 Lakhs on revenue of ₹10,283.55 Lakhs.
Consolidated Finance costs rose to ₹1,513.01 Lakhs from ₹1,288.48 Lakhs in the year-ago quarter.

💡 Investors should exercise caution as the company continues to face profitability challenges at the consolidated level and weakness in the Pigments division. Monitor the Agrochemical segment's ability to sustain margins amid rising finance costs and global demand volatility.

Meghmani Organics Schedules Q3 FY26 Earnings Call for February 2, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Jan 2026, 11:16 AM

Meghmani Organics Limited (MOL) has announced its Q3 FY26 earnings conference call scheduled for Monday, February 2, 2026, at 3:00 PM IST. The call will be hosted by Arihant Capital Markets and will feature top management, including the Chairman and Managing Director and the Chief Financial Officer. This is a standard regulatory filing following the announcement of quarterly financial results. The session provides an opportunity for analysts and investors to gain clarity on the company's performance and future growth strategy.

Earnings conference call scheduled for February 2, 2026, at 15:00 IST.
Management representation includes CMD Mr. Ankit Patel and CFO Mr. G S Chahal.
The call is organized by Arihant Capital Markets Ltd to discuss Q3 FY26 results.
Universal dial-in numbers provided are +91 22 6280 1466 and +91 22 7115 8826.

💡 Investors should monitor the call for management commentary on demand trends in the agrochemical and pigment sectors. Focus on updates regarding margin recovery and capacity utilization levels.

Meghmani Organics to Acquire 26% Stake in Pro-Zeal Green Power for 3.30 MW Hybrid Energy

🟢 POSITIVE ⭐ 6/10

M&A 📅 13 Jan 2026, 12:30 PM

Meghmani Organics Limited (MOL) has entered into an agreement to acquire a minimum 26% stake in Pro-Zeal Green Power Fifteen Private Limited for a cash consideration of Rs. 3.63 Crores. This strategic investment is designed to secure 3.30 MW of Wind-Solar Hybrid (WSH) power for captive consumption at its Gujarat facilities. The acquisition, involving both equity and compulsory convertible debentures, is expected to be completed within 6-9 months. This move supports the company's sustainability goals and aims to optimize long-term energy costs through renewable sources.

Investment of Rs. 3.63 Crores for a minimum 26% stake in the renewable energy entity
Secures 3.30 MW Wind-Solar Hybrid (WSH) power capacity as a captive consumer
Transaction structure involves a 26:74 ratio between MOL and Prozeal Green Power Private Limited
Acquisition timeline set for completion within the next 6 to 9 months
Investment will be made through cash for Equity Shares and Compulsory Convertible Debentures

💡 Investors should view this as a positive step toward ESG compliance and operational cost management. While the investment size is small relative to the company's market cap, it demonstrates a commitment to securing stable renewable energy supplies.

Meghmani Organics Submits SEBI Reg 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Jan 2026, 12:56 PM

Meghmani Organics Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited, covers the quarter ended December 31, 2025. It confirms that securities received for dematerialization were processed, and physical certificates were mutilated and cancelled as per regulations. This filing ensures that the company is adhering to standard depository and listing protocols.

Compliance certificate submitted for the quarter ended December 31, 2025
Confirmation provided by RTA MUFG Intime India Private Limited
Verification that dematerialized securities are listed on relevant stock exchanges
Confirmation of timely substitution of depository names in the register of members

💡 No action is required as this is a routine regulatory filing confirming administrative compliance regarding share dematerialization.

Meghmani Organics Releases FY25 Sustainability Report; Renewable Energy Use Rises to 39.03%

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 07 Jan 2026, 01:36 PM

Meghmani Organics Limited (MOL) has released its inaugural Sustainability Report for FY 2024-25, highlighting a significant shift toward green energy with renewable electricity consumption reaching 39.03%, up from 32.4% the previous year. The company has set a long-term target to exceed 50% renewable energy by FY 2029-30 and aims for a 5% reduction in specific energy and freshwater use by March 2027. Operational efficiencies were noted with specific energy consumption dropping from 14.77 GJ/MT to 13.14 GJ/MT. These ESG initiatives, including Responsible Care accreditation and EcoVadis certification, position the company favorably for global supply chain integration.

Renewable energy consumption increased to 39.03% in FY25, with a target of 50% by FY30.
Specific energy consumption reduced by 11% from 14.77 GJ/MT to 13.14 GJ/MT.
Specific water consumption decreased from 11.23 KL/MT to 10.15 KL/MT.
Specific bromine consumption improved from 0.225 kg/kg to 0.208 kg/kg of production.
Company aims for Zero Reportable Accidents by 2025-26 and an EcoVadis score of 75 by FY26.

💡 Investors should view these improvements in resource efficiency and ESG compliance as a sign of operational maturity and risk mitigation. Monitor the progress toward the 50% renewable energy goal as it could lead to long-term cost savings and better global market access.

Meghmani Organics to Close Trading Window from Jan 1, 2026 for Q3 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Dec 2025, 01:28 PM

Meghmani Organics Limited (MOL) has announced the closure of its trading window for all designated persons starting January 1, 2026. This closure is a standard regulatory requirement ahead of the declaration of un-audited financial results for the quarter ending December 31, 2025. The window will remain closed until 48 hours after the financial results are officially announced to the exchanges. The company has coordinated with CDSL to implement PAN-level freezing for designated insiders to ensure compliance with SEBI insider trading regulations.

Trading window closure effective from January 1, 2026, for the quarter ending December 31, 2025.
Restriction applies to all designated persons and their immediate relatives as per SEBI regulations.
Trading window will re-open 48 hours after the announcement of the un-audited financial results.
CDSL designated for restricting trading by freezing PAN at the security level for ISIN-INE0CT101020.
The specific date for the Board Meeting to approve Q3 results will be announced separately.

💡 This is a routine regulatory announcement with no direct impact on the company's fundamentals; investors should monitor for the upcoming Q3 earnings release date.

View All MOL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Overall revenue for 9M FY2024 moderated 42% to INR 1,156 Cr. The Agrochemicals segment witnessed a 48% de-growth to INR 804 Cr (down from INR 1,480 Cr YoY). The Pigment segment saw capacity utilization fall from 62% to 39% due to global price erosion and oversupply.

Geographic Revenue Split

The USA is a major export region, contributing approximately 22% of total revenue in fiscal 2024. The remaining revenue is diversified across domestic Indian markets and other international regions.

Profitability Margins

MOL reported a PAT loss of INR 88 Cr during 9M FY2024. Operating margins are expected to stabilize over the medium term; however, upward rating sensitivity requires sustenance of margins over 10-12% or 16% depending on the fiscal period. 9M FY2025 showed some recovery with interest coverage rising to 2.16 times from 0.15 times YoY.

EBITDA Margin

EBITDA margins were severely impacted by high-cost inventory and price erosion in FY2024. For H1 FY2024, the company reported a PAT loss of INR 49.8 Cr compared to a profit of INR 175 Cr in the previous year, reflecting a sharp decline in core profitability.

Capital Expenditure

MOL curtailed its FY2024 capex plan from INR 450 Cr to INR 230 Cr due to challenging market conditions. In 9M FY2025, the company incurred INR 78 Cr in capex, primarily for debottlenecking and maintenance. Future capex for FY2025 is estimated at INR 80-90 Cr.

Credit Rating & Borrowing

CRISIL maintains a 'Negative' outlook. Borrowing is supported by a strong capital structure with gearing at 0.54 times as of September 30, 2024. Interest coverage is estimated to improve to 4-7 times over the medium term as profitability recovers.

⚙️ Operational Drivers

Raw Materials

Key raw materials and intermediates include CPC Blue (for pigments), Cypermethric acid chloride, meta phenoxy benzaldehyde, and meta phenoxy benzyl alcohol (for agrochemicals).

Import Sources

Not explicitly disclosed in available documents, though the company mentions reducing reliance on imports through backward integration.

Capacity Expansion

MOL is ramping up its Multi-Purpose Plant (MPP), Nano crop nutrition (Nano Urea) facility, and Titanium Dioxide (TiO2) plant to drive future volume growth.

Raw Material Costs

Raw material costs increased significantly for certain segments, leading to losses where 'the more we sell, the loss is even higher.' The company uses backward integration to mitigate these costs, manufacturing its own key intermediates.

Manufacturing Efficiency

Pigment segment utilization fell to 39% in FY2024. Efficiency is expected to improve through the commercialization of the MPP, which allows for flexible manufacturing of various technicals.

📈 Strategic Growth

Expected Growth Rate

10-12%

Growth Strategy

Growth will be driven by the ramp-up of the TiO2 plant, the Multi-Purpose Plant (MPP) for new technicals, and the Nano Urea segment. The company is the first private player to manufacture nano liquid urea, providing a first-mover advantage in a high-growth niche.

Products & Services

Agrochemical technicals and formulations, Pigments (specifically CPC Blue), Nano Liquid Urea, and Titanium Dioxide (TiO2).

Brand Portfolio

Meghmani Organics.

New Products/Services

Nano Liquid Urea and new technicals from the MPP are expected to be key revenue contributors, though specific percentage contributions are not disclosed.

Market Expansion

Focusing on increasing wallet share with existing clients and expanding the reach of the new Nano Urea product in the domestic market.

Market Share & Ranking

MOL maintains an established market position in the agrochemicals and pigment segments, though specific ranking percentages are not provided.

Strategic Alliances

The company has a relationship with Epigral Ltd (formerly Meghmani Finechem Ltd) involving the redemption of preference shares worth INR 94 Cr which aids liquidity.

🌍 External Factors

Industry Trends

The industry is currently facing a downturn due to oversupply and price erosion. Future trends involve a shift toward nano-fertilizers and more specialized agrochemical technicals where MOL is positioning itself via its MPP and Nano Urea plants.

Competitive Landscape

Competes with large global and domestic agrochemical players and Chinese manufacturers who influence global pricing through volume dumping.

Competitive Moat

Moat is built on backward integration (manufacturing own intermediates) and being the first private mover in Nano Urea. This integration provides a cost advantage of 10-15% over non-integrated peers.

Macro Economic Sensitivity

Highly sensitive to global agrochemical demand cycles and macro-economic headwinds which caused a 48% drop in agrochemical revenue in FY2024.

Consumer Behavior

Shift toward more efficient, low-dosage fertilizers like Nano Urea is a key trend affecting demand.

Geopolitical Risks

Exposure to US-China trade dynamics; while China faces 125% tariffs, any diversion of Chinese excess capacity to other regions where MOL operates remains a monitorable risk.

⚖️ Regulatory & Governance

Industry Regulations

Subject to environmental norms regarding hazardous waste and GHG emissions. US tariff regulations are a key monitorable given the 22% revenue exposure.

Environmental Compliance

MOL focuses on GHG reduction (8% reduction in FY2023) and increasing renewable energy usage to 25.8% to meet ESG standards and maintain access to capital markets.

Legal Contingencies

The company received an insurance claim of INR 44-45 Cr related to a fire incident at its Dahej plant.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the timeline for the recovery of global agrochemical demand and the stabilization of realizations, which could impact cash generation by more than 20% if subdued performance continues.