November 2015

Corporate Presentation

Meghmani Organics Limited

(MOL)

Meghmani Organics Limited undertakes no obligation to publicly revise any forward looking statements to
reflect future / likely events or circumstances.

These factors include, but are not limited to, general market, macro-economic, governmental and regulatory
trends, movements in currency exchange and interest rates, competitive pressures, technological
developments, changes in the financial conditions of third parties dealing with us, legislative developments,
and other key factors that could affect our business and financial performance.

While these forward looking statements indicate our assessment and future expectations concerning the
development of our business, a number of risks, uncertainties and other unknown factors could cause actual
developments and results to differ materially from our expectations.

This presentation contains statements that contain forward looking statements including, but without
limitation, statements relating to the implementation of strategic initiatives, and other statements relating to
Meghmani Organics future business developments and economic performance.

Safe Harbor

 Owns registrations
which takes 1-3 years to
obtain
Global client base with
~70% business from
exports
Well known brands such
as Megastar, Megacyper,
Megaban, Synergy,
Courage

Global presence with

~80% of Pigment
revenue from exports

Long term client

relationships with 90%
business from repeat
clients

Intermediate,
Technical Grade &
Formulations

CPC Blue,
Pigment Green,
Pigment Blue

Market leadership in
Blue Pigment with ~7%
global market share

Agrochemicals

Pigments

Strategically located
facility

Latest fourth generation

membrane cell
technology imported
from Asahi Kasei, Japan

Fourth largest CausticChlorine flakes capacity

in India

Caustic-Chlorine;
expanding into
Caustic Potash

Basic Chemicals

chain

Building an~5.6
energy
Invested
bn in
suf
f
icient
INDIA
last 5 yrs; current
capacitywith
can ramp up
world class
revenue
up to 20.0
Inf rastructure and
bnintegrated value

Drivers in place to
fuel the next phase
of growth. . . .

Leading chemical company diversified across products and geographies; exports to 75

countries servicing 400+ marquee clients

MOL: A de-risked business model at the cusp of high growth

8 Annexure

8 Financial overview

8 Growth strategy

8 In high potential industries

8 MOL Well diversified across products and geographies

Table of Content

Basic Chemicals since 2009

Agrochemicals since 1995

Pigments since 1986

Basic Chemicals segment witnessing robust growth rate

Fourth largest Caustic-Chlorine capacity in India
Strategic facility location at Dahej proximity to raw material and
customers
Grew at ~20% CAGR (FY11-15); contributing 26% to net sales in FY15

Agrochemicals product offering encompasses the entire value chain

Encompassing intermediate, technical grade & formulations (bulk &
branded)
Competitive advantage via 215 export registrations; 400 registrations in
pipeline; 247 CIB registrations; 27 registered trademarks

Leading global player in phthalocyanine pigment industry

~7% global market share; amongst top 3 global blue pigment players
Servicing marquee clientele with strong presence and dealer network
spread across North America, South America, Asia & Europe

MOL is a leading diversified chemical company offering Pigments, Agrochemicals and

Basic Chemicals

MOL Leading diversified chemical company

1,000

2,000

3,000

4,000

Net Sales

FY12

-16%

FY13

-2%

CAGR: 4%

Pigments
6,00040%

FY15

--20%

2,0000%

20%
10% 4,000

YoY Growth

FY14

28%

FY11

7%

Net Sales

FY12

-9%

FY13

-14%

CAGR: 0%

17%

FY15

10%

YoY Growth

FY14

Agrochemicals

Y-o-Y growth of Business Segments

Others business segment includes merchant trading

Agrochemicals
34%

Pigments
29%

FY15 Net Sales: 12,678 mn

-20%
-

-10%
1,000

0%
2,000

10%
3,000

20%
4,000

FY11

109%

Domestic
43%

Net Sales

FY12

49%

FY13

23%

FY14

-9%

FY15

26%

YoY Growth

CAGR: 20%

Basic Chemicals

Export
57%

Net Sales Breakdown by Geography

Note: FY12/13 impacted by intervention from Pollution Control Board which also resulted in relocation of Agrochemicals Chharodi
facility to Dahej. With all legal approvals in place now, the company expects consistent uptick in utilization and segmental growth

FY11

32%

Basic
Chemicals
26%

Others
11%

Net Sales Breakdown by Segment

across product segments and geographies

 Pan India presence through stockists, agents, distributors

& dealers in Branded Agro products

Warehouses in Belgium, Turkey, Russia, USA and Uruguay

Subsidiaries in the US, Europe, Indonesia and Dubai and

Representative Office in China

Extensive network of 70 overseas distributors

Servicing 400+ customers in 75 countries worldwide

including China

Agrochemicals from exports. Basic Chemicals derives its revenue from

the domestic market)

Approximately 57% of export sales (~80% in Pigments, ~70% in

Strong international presence

Dahej: 10,800 MTPA

Panoli: 17,400 MTPA

Manufacturing facilities

Vertically integrated facilities ensure quality

supply of raw materials at competitive cost

Global presence with ~80% of Pigment

revenue from exports. Network of 70
distributors

Vatva: 2,940 MTPA

End products: Sold to

industrial users i.e.
inks, paint and plastic
manufacturers

Total installed capacity: 31,140 MTPA

Pigment
Blue

High quality products with compliance with

all major international regulations

Market leadership in Blue Pigment with ~7%

global market share. Amongst top 3 players in
the world

Competitive Edge

Long term client relationships with 90%

business from repeat clients. Pigment
manufacturing requires high degree of
customization and achieving attributes such
as shade, strength, opacity etc requires
considerable effort and expenditure

Pigment
Green

CPC Blue

Upstream product:
Primarily for captive
consumption; remaining
sold to other pigment
manufacturers

Vertically integrated facilities

Pigments: Market leading position in Blue Pigment

Dahej SEZ Plant

The Panoli Plant

The Vatva Plant

Production Capacity: 10,800 MTPA 7,200 MTPA for CPC Blue; 1,200 TPA
for Alpha Blue and 2,400 TPA for Beta Blue

Manufactures: CPC Blue, Apha Blue and Beta Blue

Land Area: 86,228 sq mt

Established: 2013 (December)

Production Capacity: 17,400 MTPA - 12,000 MTPA for CPC Blue; 600 TPA
for Alpha Blue and 4,800 TPA for Beta Blue

Manufactures: CPC Blue, Apha Blue and Beta Blue

Land Area: 99,002 sq mt

Established: 1996

Production Capacity: 2,940 MTPA - 2,400 TPA for PG 7; 540 TPA for PG 36
and additives

Manufactures: Pigment Green 7 (PG 7), Pigment Green 36 (PG 36) and
Additives for Ink and Paint

Land Area: 13,523 sq mt

Established: 1986

Pigments: Production facilities

FY11

87%

FY12

74%

FY14

65%

FY15

70%

FY12

47%

FY13

49%

FY14

61%

FY15

53%

FY11

65%

FY12

50%

FY13

51%

FY14

46%

FY15

51%

Pigments overall utilizations

FY11

63%

The Panoli Plant

FY12

NA

FY13

NA

FY14
FY14

Dahej SEZ plant started

commercial production
in Dec 2013

FY11

NA

13%

Dahej SEZ Plant

Increasing utilizations to aid growth and benefits of operating leverage

to enhance margins

FY13

63%

The Vatva Plant

FY15

42%

Pigments: Overall utilization at ~50% - significant scope for uptick

10

5,000

10,000

15,000

FY11

13,514

263

Asia
17%

South
America
14%

Europe
11%

Others
8%

FY15

FY13

9,556

353

365

FY15

11,622

Price (/kg)

FY14

10,273

384

CPC
28%

Beta
39%

volumes. Intersegment sales is 587 mn in FY15

11

-Note: Net Sales includes intersegment sales and corresponding

100

200

300

400

500

Pigment
Green 7
20%

Alpha
11%

Others
2%

Breakdown of Net Sales by Products

Volumes and Price Realization

Volume ('000 Kg)

FY12

10,240

319

India
18%

North
America
32%

Breakdown of Net Sales by Country

Pigments: Business profile

Sold to retailers, dealers

and directly to farmer
societies

Dahej: 8,940 MTPA

Panoli: 3,600 MTPA

Ankleshwar: 6,660 MTPA

Sold to institutional
customers

Sold to pesticides
formulators

Sold to technical grade

pesticides
manufacturers

Total installed capacity: 19,200 MTPA

Manufacturing facilities

Brand Business

Bulk Packing

Pesticide Formulations

Technical Grade Pesticides

Pesticide Intermediates

Vertically integrated facilities

MOL owns 215 export registrations;

400 registrations in pipeline; 247 CIB
registrations; 27 registered
trademarks

Vertically integrated facilities ensure quality

raw materials at competitive cost lowering
cost of production

Presence in branded agrochemicals

formulations segment with well known
brands such as Megastar, Megacyper,
Megaban, Synergy, Courage

Global client base with ~70% business from

exports

Owns important registrations in a regulated

agrochemicals market. Registrations are
expensive and take 1-3 years to obtain

Competitive Edge

Agrochemicals: Registrations and trademarks give competitive

advantage in a regulated market

12

 An exclusive Supply Chain Management

department headed by industry veterans for
the formulation products has already been
set up

Own sales force in 17 states including

Karnataka, Punjab, Andhra Pradesh,
Maharashtra, Madhya Pradesh, Rajasthan
and Gujarat

Established Pan India presence through more

than 1,000 stockiest, agents, distributors and
dealers aims to expand to 2,500 dealers by
FY16

13

Branded Agrochemicals formulations business expected to double to 2.5 bn from ~1.2

bn in the next 3 years (~28% CAGR)

Branded Agrochemicals formulations

Focus on increasing share of branded

agrochemicals

Agrochemicals: High-margin branded formulations key driver

The Panoli Plant (Agro IV)

Dahej Plant (Agro III)

The Ankaleshwar Plant (Agro II)

Production Capacity: 3,600 MTPA

Manufactures: Agro formulations

Land Area: 14,195 sq mt

Established: 2009

Production Capacity: 8,940 MTPA

Manufactures: 2-4D, Cypermethrin, MPB, Profenophos

Land Area: 150,000 sq mt

Established: 2010

Production Capacity: 6,600 MTPA

14

Manufactures: Chlorpyriphos and intermediates like CMAC and TCAC

Land Area: 56,936 sq mt

Established: 2003

Agrochemicals: Production facilities

FY11

68%

FY12

41%

FY14

67%

22%

FY12

20%

FY11

FY13

22%

FY14

35%

FY15

58%

30%

FY12

32%

FY11

FY13

36%

FY14

46%

FY15

60%

Agrochemicals overall utilizations

FY15

61%

Dahej Plant
(Agro III)

FY12

FY13

53%

FY14

53%

Post plant relocation to

Dahej, the utilizations
were low. However, they
have been steadily on the
rise

FY11

34%

54%

Panoli Plant
(Agro IV)

Increasing utilizations to aid growth and benefits of operating leverage

to enhance margins

FY13

63%

Ankaleshwar Plant
(Agro II)

Agrochemicals: Increasing utilizations; currently at ~60%

FY15

65%

15

Others
51%

5,000

10,000

15,000

20,000

Europe
7%

FY15

FY11

16,957

260

FY13

9,759

351

Volume ('000 Kg)

FY12

13,880

287

FY15

11,044

Price ( /kg)

FY14

10,256

388

397

Agro Bulk
8%

100

200

300

400

500

Others
37%

2,4-D
8%

16

Note: Net Sales includes intersegment sales

and corresponding volumes. Intersegment
sales is 26 mn in FY15

Cypermethrin
Tech-Z
20%

Agro Branded
27%

Breakdown of Net Sales by Products

Volumes and Price Realization

S. America
6%

Africa
6%

India
30%

Breakdown of Net Sales by Country

Agrochemicals: Business profile

End products: Sold to

industrial users i.e.
pharmaceutical, soap,
detergent, PVC,
chemical and textile
manufacturers

Total installed capacity at Dahej:

1,66,600 MTPA

Manufacturing facilities

Caustic-Chlorine
Plant

60 MW Power
Plant

Vertically integrated facilities

Supply of products to nearby

industries through pipeline reduces
logistics cost

Ensures constant and economical

supply of power, which accounts for
~65% of cost for Caustic-Chlorine
production

Vertically integrated facilities with a 60 MW

power plant reduces operating costs

Strategically located facility at Dahej with

proximity to both raw materials and end
customers

17

Latest fourth generation membrane cell

technology imported from Asahi Kasei, Japan

Fourth largest Caustic-Chlorine flakes

capacity in India

Competitive Edge

Basic Chemicals: Fourth largest Caustic-Chlorine flakes capacity in

India strategically located in Dahej

Commenced commercial production from 1st July, 2009 with

an investment of 5,500 mn

Investment of 970 mn

Caustic Soda: 166,600 TPA; Chlorine Gas: 147,608 TPA; 60

MW Power Plant

Expansion will lead to higher optimisation of Caustic-Chlorine

plant due to shared resources like building, manpower,
utilities etc
o

18

Setting up a 60 TPD Caustic Potash plant at Dahej with an

investment of 650 mn financed through internal accruals;
expected to commence production by Dec 2015
o

Diversification into Caustic Potash:

Current Installed Capacity:

Expanded Caustic-Chlorine capacity from 340 TPD to 476 TPD

& power plant capacity from 40MW of earlier to 60 MW

Expansion (Jan 2014):

Commencement:

Dahej Chlor-Alkali Complex: A large-scale, integrated complex used for

the production of Caustic Soda Lye/Flakes, Chlorine Gas and Hydrogen
Gas. The plant is strategically located with proximity to raw materials
and end customers

Expansion into Basic Chemicals in 2009 with the commencement of the Dahej facility

Basic Chemicals: Strategically located facility at Dahej

FY12

FY13

90%

FY14

85%

FY15

93%

FY11

78%

FY12

90%

FY13

97%

Power

FY14

93%

FY15

95%

In terms of product break-up, the segment currently sells Caustic-Chlorine. It is diversifying into
Caustic Potash and the facility is expected to be operational from Dec 2015. Full year revenue
potential from Caustic Potash is estimated at ~1,300 mn

The Basic Chemicals division caters primarily to domestic customers and derives almost all of its
revenues domestically

Business Profile:

FY11

75%

86%

Caustic-Chlorine

Basic Chemicals: Overall Caustic-Chlorine capacity at healthy 90%+

19

Started
operations

1986

1st Agro
plant setup

Converted
into a Public
Ltd. Co.

1995
New
Pigment
plant
setup at
Panoli

1996
Private
Equity
investment
in MOL

1997

Acquired
Started Blue Agro assets
from Rallis
Pigment
production at
Panoli plant Singapore
listing

1999

2004

Started
production
in MFL

2009

Established
MFL with IFC 2 new sites
participation for Agrochemical at
Panoli and
Dahej

India listing

2007

Evolution into a leading chemical company

2015

Expansion of
CausticChlorine
facility

Diversification
New Pigment into Caustic
plant at Dahej Potash
SEZ

2013/
14

20

> 38 years

> 38 years

> 36 years

> 35 years

> 31 years

Mr. Ashish Soparkar

Managing Director and
Co-founder

Mr. Natwarlal Patel

Managing Director and
Co-founder

Mr. Ramesh Patel

Executive Director and Cofounder

Mr. Anand Patel

Executive Director and Cofounder

Pigments
Experience

Mr. Jayanti Patel

Executive Chairman and
Co-founder

Name/Title

>24 years

> 28 years

> 28 years

> 20 years

> 20 years

Agrochemicals
Experience

7 years

7 years

7 years

7 years

7 years

Basic
Chemicals
Experience

Bachelor of
Science

Bachelor of Arts

Masters of
Science

Bachelors of
Chemical
Engineering

Bachelors of
Chemical
Engineering

Qualification

Succession planning already in place with qualified second line of management

With experienced management with proven track record

21

8 Annexure

8 Financial overview

8 Growth strategy

8 In high potential industries

8 MOL Well diversified across products and geographies

Table of Content

22

Paints

Source: Transparency Market Research, Crersana, Company estimates

Plastic

Three sectors account for 90% of end-use

Global pigments (Organic, Inorganic, Speciality)

market to grow at a CAGR of 4.5% (2013-2018)
to reach $14.7 bn by 2018
Volume estimated is 4.4 mn tons by 2018
Size of Phthlocyanine pigments is ~$1-1.25 bn
i.e. 20% of the total organic pigment market
Asia Pacific region is the fastest growing and
expected to reach ~$6.4 bn by 2018 (~45% of
total market)

Printing Inks

Global pigment market to grow at a CAGR 4.5%

(2013-2018)

Outsourcing opportunity in India and China

o Manufacturing shifting to low cost countries
like India, China and Taiwan from US &
Europe
o With shift in manufacturing, exports account
for ~75% of the Indian colorant industry

23

Speciality pigments most promising segment

o Growing regulatory pressure to substitute
inorganic pigments with speciality and
organic pigments
o Global speciality pigment to grow at a CAGR
of 4.7% from 2013 to 2018, while Asia Pacific
growing at a higher rate of 6.6%

End user industries driving growth

o Paints & coating (biggest pigment user)
expected to grow at CAGR of 5.1% (20132018)
o The Indian printing ink market has seen a
growth of ~7.5% p.a. in the last decade

Growth Drivers

Global pigments market driven by growth in end user industries

2018

243

50% exports expected to

be 60% by 2019

Fourth largest producer

globally

Expected to grow at a CAGR

of 12% to reach $7.5 bn by
2019

Indian crop protection

market:

India

0.75

France Korea

USA

Japan

12

China Taiwan

13

17

Lowest pesticides
consumption
Currently at 0.7
kg/ha compared
to 5-7 kg/ha in
developed
countries and 13
kg/ha in China

Indian exports
expected to grow at
16% CAGR as
compared with 12%
for the overall
market

Robust export
opportunity

24

Due to field
Labor shortage,
and rising costs
Indian herbicide
market to grow
from $0.3 bn to
$0.6bn by FY18

Growth in
herbicides

Opportunities in Indian Agrochemicals

Agrochemicals
worth $6.3 bn
will be off patent
by 2020, India
has
strong
presence
in
generics

Opportunity in
generic products

Source: Markets & Market research report; Agrochemicals Report, Tata Strategic
Management Group and FICCI

UK

(kg/ha)

Low pesticide penetration in India

The market for agrochemicals is highly regulated worldwide

2013

204

($bn )

Global opportunity to reach $243 bn by 2018

India has significant potential for higher use of Agrochemicals

 China is the key consumer

in Asia-Pacific whereas
India is the fastest growing
market

Asia-Pacific the worlds

largest market

End User Industries

2019

94

Volume to grow from 193

mn tonne in 2014 to 224
mn tonne by 2019

Largest users for Caustic industries are : Soap, detergent, PVC,

chemical industries
Chemical
Soap
Detergent
PVC
Industries

2014

70

($bn )

Global Chlor-Alkali Industry growing at 6% CAGR (2014-2019)

25

o Caustic Soda and Chlorine are produced

together in the ratio of 1:0.88

In India, the market is influenced by Caustic

Soda, whereas internationally, it is Chlorine
based

o 6% of world Soda Ash capacity compared

with 40% in China

o 4% of the world capacity of Caustic Soda

compared with 35% in China

Installed capacity in India lags that of China

~35 manufacturers of Caustic Soda with

Gujarat being the largest producing state

7% expected growth 2014-2019

Key stats of Indian Chlor-Alkali Market:

India fastest growing market at 7%

Caustic-Chlorine with wide applications will be driven by economy

upswing

8 Annexure

8 Financial overview

8 Growth strategy

8 In high potential industries

8 MOL Well diversified across products and geographies

Table of Content

26

Profitability

Profitability

*Plan to reduce debt by 2.25 bn by March 2017

*Deleveraging

Cost reduction
initiatives

Sweating the
Capacity

*Deleveraging

Focus on health,
safety, environmental
parameters

Sweating of capacity
increasing utilization
at existing plants

No additional/major
capex required in the
next 2 years

Increased
ROE/ROCE

Business
Growth

Investment of ~5.6 bn
in last 5 yrs

MOL has invested ~5.6 bn in last 5 yrs; current capacity can ramp up the revenue up to
20.0 bn

Sweating of existing capacity to ramp revenues to 20 bn

27

Pigments

Agrochemicals

Basic
Chemicals

28

Focus on the higher margin paint &

plastic market

Expand value added product

offerings like Beta Blue 15.4

Increase export revenue from

untapped markets such as Japan

Increase branded formulation revenue to 2.5 bn in 2-3 years;

strengthened marketing & field activities

Harvest CRAMS opportunity

Increase exports; 400 registration in process stage

Economies of scale due to

ready infrastructure, shared
manpower and utilities

Diversifying into Caustic Potash

with investment of 650 mn to be
financed from internal accruals

With well defined strategies in each segment

8 Annexure

8 Financial overview

8 Growth strategy

8 In high potential industries

8 MOL Well diversified across products and geographies

Table of Content

29

100

200

300

400

500

FY11

3.7%

380

FY12

FY11

FY13

10,402

FY14

11,569

FY13

1.7%

172

FY14

2.0%

228

PAT Margin

FY15

3.5%

439

FY15

12,678

0.0%

1.0%

2.0%

3.0%

4.0%

500

1000

1500

2000

2500

FY11

7.4%

FY11

14.9%

1,522

FY12

7.0%

FY12

15.1%

1,582

FY13

17.8%

1,852

FY13

9.0%

ROCE

EBITDA

FY14

9.3%

FY14

16.9%

1,959

FY15

16.0%

2,031

FY15

10.4%

EBITDA Margin

EBITDA and EBITDA Margins

However with all legal approvals in place to operate the plant at full capacity, the company is now set to
benefit from increasing utilization of the plants

30

13.0%

14.0%

15.0%

16.0%

17.0%

18.0%

19.0%

Consolidated, Figures in Mn

FY12/FY13 performance impacted due to closure of Chharodi plant and relocation to Dahej

FY12

0.3%

35

PAT

PAT and PAT Margins

10,450

10,247

Net Sales and Growth

Historical performance

Basic Chemicals

FY13

25%

33%

28%

15%

FY15

29%

34%

26%

11%

Others/Unallocated

FY14

29%

34%

23%

14%

FY11

59%

41%

FY12

60%

40%

Export

Domestic

FY13

59%

41%

FY14

62%

38%

Net Sales Breakdown by Geography

FY15

57%

43%

Others business segment includes merchant trading

31

Since Basic Chemicals caters to domestic clients - higher growth in Basic Chemicals will imply increasing proportion
of sales from domestic business

Basic Chemicals has witnessed strong CAGR of ~20% in FY11-15 and is also a higher margin business. In FY15, the
segment grew the fastest at 26% driven by increase in production capacities

Agrochemicals segment was impacted due to shut down of Chharodi plan on account of intervention by Pollution
Control Board and relocation of plant from Chharodi to Dahej

Agrochemicals

FY12

FY11

Pigment

25%

38%

22%

14%

31%

43%

11%
15%

Net Sales Breakdown by Segment

Basic Chemicals fuelling growth

FY12

FY13

1.4

FY14

1.5

FY15

1.2

20

40

60

80

100

120

140

Cash
Cycle
115

FY13

64

85

119

98

Debtor Days

61

FY12

60

116

Inv Days

67

FY11

54

123

110

90

Payable Days

FY14

79

111

100

Working Capital Efficiency

The company also aims to achieve efficiency in working capital management through strengthening of
systems and processes

Meghmani plans to reduce debt by 2.25 bn by March 2017

FY11

1.3

1.6

Improving D/E ratio

Strenthening Balance Sheet

67

32

FY15

62

91

86

8 Annexure

8 Financial overview

8 Growth strategy

8 In high potential industries

8 MOL Well diversified across products and geographies

Table of Content

33

8,929
1,522
14.9%
686
835
28
579
284
58
341
43
298

Total Expenses

EBITDA

EBITDA Margin

Depreciation

EBIT

Other Income

Finance Costs

Profit before tax and Exceptional Items

Exceptional Items/ Prior period items

PBT

Tax expense

Profit after tax before minority interest

-82
380
3.7%

Minority Interest and others

Reported PAT

PAT Margin

Extraordinary Item

10,451

204

10,247

Revenue from Operations

Other Operating Income

Net Sales

FY11

0.3%

35

35

191

226

226

735

126

835

747

15.1%

1,582

9,041

10,622

172

10,450

FY12

1.7%

172

111

283

299

582

-9

591

643

133

1,101

751

17.8%

1,852

8,733

10,585

183

10,402

FY13

Historical financials Profit & Loss summary

2.0%

228

127

360

182

542

542

676

61

1,156

802

16.9%

1,959

9,825

11,783

214

11,569

FY14

3.5%

439

21

460

140

600

-2

602

746

64

1,284

747

16.0%

2,031

10,911

12,942

264

12,678

FY15

Consolidated, Figures in Mn

34

4,943
600

4,640
257
143
5,039

1,955
1,261
912
82
4,210
14,791
7,103
6
194
264
7,567

354
1,525
3,440
220
1,444
243
7,225
14,791

Non-Current Liabilities
Long Term Borrowings
Long Term Provisions
Deferred Tax Liability and Other Liab
sub-total

Current Liabilities
Short-Term Borrowings
Trade Payables
Other Current Liabilities
Short-Term Provisions
sub-total

Total Liabilities and Owner's Equity

Total Fixed Assets

Non Current Investments

Long-term Loans and Advances
Other Non-current Assets
Total Long Term Assets

Current Assets
Current investments
Inventory
Trade Receivables
Cash and cash equivalents
Other Current Assets
Short term Loans and Advances
Total Current Assets

Total Assets

FY11

Total Equity Capital

Minority Interest

Balance Sheet

15,053

190
1,722
3,326
440
252
1,109
7,039

6
236
358
8,014

7,414

15,053

1,977
1,118
944
72
4,111

4,993
411
210
5,615

4,760
568

FY12

15,402

240
1,811
3,393
99
181
1,146
6,871

6
382
263
8,532

7,881

15,402

2,159
1,462
1,168
67
4,857

4,217
309
202
4,728

5,020
797

FY13

16,635

2,496
3,523
373
216
1,215
7,823

6
371
281
8,812

8,154

16,635

2,460
1,736
1,713
48
5,957

3,773
431
370
4,573

5,181
924

FY14

15,444

173
2,158
3,167
156
176
1,245
7,075

6
134
188
8,370

8,043

15,444

1,973
1,434
1,674
261
5,342

3,129
44
471
3,644

5,515
943

FY15

Consolidated, Figures in Mn

35

(Distribution)

(Distribution)
Meghmani Overseas FZE

(Distribution)
P T Meghmani Organics Indonesia

(Distribution)
Meghmani Organics USA INC.

Meghmani Europe BVBA

(Caustic Manufacturing)

Meghmani Finechem Limited*

Corporate
Bodies, 7.5%

Singapore
Depository
Shares, 15.1%

Public &
Others, 25.6%

FII/DII, 1.0%

No of shares: 254 mn

Shareholding Pattern
(September 30, 2015)

* 25% stake in Meghmani Finechem Limited held by IFC Washington and remaining 18% by individual promoters

100%

100%

100%

100%

57%

MOL

Corporate Structure

Corporate structure & shareholding pattern

Promoters,
50.9%

36

Email: ir@meghmani.com
Phone: +91-79-71761000

Nandini Agarwal/ Seema Shukla

Four-S Services Pvt Ltd
Phone: : +91-124-4251442/+91 7838382527
Email: nandini.agarwal@four-s.com
seema@four-s.com

For any Investor Relations queries, please contact:

Contact us

37