Meghmani Organics is one of the key players in Agro chemicals Sector. They are one of the popular pesticides & pigments producer in India. Company has good potential for growth and capable to compete with established giants in this Sector.
Meghmani Organics pricing seems attractive at Rs: 63.85 as on 14th March 2019, matching my investment philosophy. Below are the parameters that suggested that it was time to enter the company.
Meghmani Organics Fundamentals
|Market Price as on 14th Mar 2019||63.85|
|52 Week High/Low||114.40/42.10|
|Price to Earning||6.92|
|Price to Book||1.84|
|Debt to Equity||0.44|
|Change in promoter holding in last one year||0.35%|
Summary: Market price is closer to its 52 week Low. Price to book value is very attractive. Debt is reasonably low. PE is 3 times lower than its peers from same segment. PEG is less than 1. Promoter holding has increased by a small amount in last one year, but it is definitely a good sign. Company has good consistent profit growth of 57.45% over 5 years.
You may want to check out ingenious portfolio.