Meghmani Organics Limited — Investor Meet, 15-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Meghmani Organics reported FY25 revenue growth of 30% YoY to ~INR 2,000 Cr, with EBITDA surging to INR 180 Cr and PAT turning positive at INR 66 Cr versus prior loss. Crop Protection led with 34% revenue growth and 12% EBITDA margin. Pigments grew 20% in revenue, returning to positive EBITDA (~8-9%). The new multipurpose plant generated INR 250 Cr revenue at 45% capacity, targeting 1,000+ Cr by FY27. Crop Nutrition, including Nano Urea, achieved self-sufficiency and aims for 20% EBITDA margin. For FY26, management expects 15-20% revenue growth, steady Agrochem EBITDA margins at 15-16%, and ongoing debt reduction (~INR 160 Cr repayment). TiO2 segment faces pressure but shows signs of recovery; no major CAPEX planned. Renewable energy efforts target cost reduction and sustainability. Overall tone is constructive with growth momentum and optimism on new products and exports.