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Meghmani Organics Limited
Date : 3rd week of December, 2007
Description :

It was in 1986, when Gujarat Industries was established as a partnership firm in Gujarat, India to manufacture pigments. High productivity and profitability transformed Gujarat Industries to a joint stock company, under the name of Meghmani Organics Limited, by 1995. Since then Meghmani Organics Limited has diversified its business interests to include a range of pesticides and other pigment products as well.

Today, Meghmani Organics Limited is a leading manufacturer of pigment and pesticide products in the country and is the recipient of several prestigious awards in recognition of its outstanding business performance.

Company Overview

Sound fundamentals, outstanding export performance, strong presence in the domestic market and a focused management team has seen Meghmani Organics Limited grow at a compounded annual growth rate (CAGR) of 17% and profits 10% over the past 3 years

The Rs 6000 million Rupees Meghmani Organics Limited is: 
One of the largest producers of pigment blue in the world
One of the leading producers of pigment green
One of the largest producers of pesticides in India  
 
More than 80% of our pigment products and over 50% of our pesticides products are exported the world over. They have four multifunctional production facilities in Gujarat (India) of which three are ISO 9001-2000. Their production facilities are strategically located with high accessibility and close proximity to source of raw material.

The landmarks in their journey
1986: Began operations to produce Phthalocynine Green 7, popularly known as Pigment Green 7 at Vatva Plant.

1995: Diversified into manufacture of Agrochemicals at Chharodi Plant.
1996: Expansion of pigments business. Panoli Plant was established to manufacture CPC Blue. CPC Blue is a key raw material used for the manufacture of our Pigment Blue (15) and Pigment Green (7) Products.

2003: Ankleshwar Plant was acquired to expand our range of Agrochemical Products.

products – pigments – blue & green, and pesticides – are the voice of our character, the strength of our customer focus and the yardstick of our potential. Frankly, the most eloquent statement of our commitment to customer satisfaction comes through our products.

Pigments

The pigment products which we manufacture fall into three main categories:

Pigments for Plastics
Pigments for Printing Inks
Pigments for Coatings
 
Their pigment products are used in multiple applications, including printing inks, plastics, paints, textiles, leather, paper and rubber.

Pigments for Plastics                       
Meghafast Blue BNR 810
Meghafast Blue BNG 810
Meghafast Blue BK-P 828     
Meghafast Blue BK-P 828 FG    
Meghafast Blue BD 909KN-P-FG     
Meghafast Green GN 787     
Meghafast Green GNP 788     
Meghafast Green GNP 788 FG     
Meghafast Green 720     
Alpafast Violet RL-PL 3645 FG     
Alpafast Violet RL-PA 3636
Alpafast Violet BL 3654
Megathrone Blue 60

Pigments for Inks    
Meghafast Blue BNG 810    
Meghafast Blue BK828    
Meghafast Blue BD 909 BMR    
Meghafast Blue BD 909 BMR-O    
Meghafast Blue BD 909 KN    
Meghafast Blue BS 918 KNC    
Meghafast Blue BS 918 KNP    
Meghafast Blue BS 918 KNPD-9    
Meghafast Green GN 787    
Meghafast Green GN 792    
Meghafast Green  GD 753    
Meghafast Green 702 NC    
Meghafast Green 720

Pigment for Coatings

Meghafast Blue BLC 888
Meghafast Blue BD 909 BMR
Meghafast Blue BD 909 BMR-L
Meghafast Green GN 787
Meghafast Green GN 792
Meghafast Green GD 753
Meghafast Green 720

New Products
They identify a growing demand for high performance pigments due to fundamental shifts in the printing ink and paint sectors. They will soon start producing water-based pigments. We will target export markets such as Japan by setting the course for the production of Hysol-P based CPC Blue product.
They have the capabilities to produce six off-patent pesticides and developing capabilities to manufacture three more whose patents are expiring soon.

 Management Team

Board of Directors   
Jayanti M. Patel
Executive Chairman

Ashish N. Soparkar
Managing Director

 

 

CMP : Rs.34.50
Target Price : Rs.55.00
 
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