Meghmani Finechem Ltd. – Worth Including Merchandise
Meghmani Finechem Ltd (MFL), a part of the Ahmedabad-based Meghmani group, was included in September 2007 as a subsidiary of Meghmani Organics Ltd (MOL), to determine a captive supply of caustic soda and chlorine derivatives. Pursuant to NCLT approval for demerger, MFL was listed on the inventory exchanges with the promoters presently holding 71% of the fairness stake with the stability being held by the general public.
MFL began operations in July 2009 with an put in capability for manufacturing 119,000 tonnes every year (TPA) of caustic soda. MFL is an ISO 9001 and ISO 14001 licensed firm based in 2007 and properly acknowledged in international markets as one of many main producers of Chlor alkali and its derivatives.
MFL income and working efficiency will steadily enhance on the again of being a number one producer of Chlor-alkali enterprise, new product capacities, and diversifying its enterprise extra in direction of value-added merchandise. Additional its steady monetary efficiency, strong demand, capability growth, and well timed venture completion present visibility for the long run. We advocate a BUY score within the inventory with the goal value (TP) of Rs.1800, 20x FY24E EPS.
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