{"id":104639,"date":"2023-06-28T13:56:10","date_gmt":"2023-06-28T08:26:10","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104639"},"modified":"2023-06-28T14:36:05","modified_gmt":"2023-06-28T09:06:05","slug":"chemical-stock-in-green-after-company-diversifies-its-business-in-renewable-energy-sector","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/chemical-stock-in-green-after-company-diversifies-its-business-in-renewable-energy-sector\/","title":{"rendered":"Chemical stock in green after company diversifies its business in renewable energy sector"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3245950095\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The chemical manufacturer\u00a0Meghmani Finechem Ltd shares gained 1.7 percent to Rs 1,134 on Wednesday&#8217;s session. The stock price increased after the company diversified its portfolio in the renewable energy sector.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-530205268\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>As per exchange filings, Company commissioned and started power flow in the Wind Solar Hybrid Power Plant of ~ 18.34 MW through Special Purpose Vehicle i.e. ReNew Green (GJS Three) Private Limited, Company took this step towards green energy and reducing carbon footprint.<\/p><p>Meghmani Finechem Limited (MFL) is one of India\u2019s leading and largest essential chemical manufacturing firm which is engaged in manufacturing and selling Chlor Alkali &amp; its Derivatives and also engaged in trading Agrochemical products.<\/p><p>It is a small-cap stock with a market capitalization of Rs 4,656 crore, At 1:10 pm, the stock quoted Rs 1,118.05, up 0.36 percent on NSE.<\/p><div class=\"trade-content_5\" id=\"trade-2018657174\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>According to financials, operating revenue climbed by 41 percent year on year, from Rs 1,550 crore in FY 21-22 to Rs 2,188 crore in FY 22-23. Net profit improved by 40 percent over the same period, from Rs 252 crore to Rs 353 crore.<\/p><p>Over time, Financials ratios have stayed steady. The ROE for fiscal years 22-23 is 33.04 percent, and the ROCE is 32.94 percent. The net profit margin is 16.14 percent, the operating margin is 26.86 percent, and debt to equity ratio at 0.72.<\/p><p>The company&#8217;s price-to-earnings ratio is 13.11, which is lower than the industry P\/E of 15.31, signifying that the stock is trading at a lower price and has an EPS of 85.03.<\/p><p>According to the shareholder pattern, during FY 22\u201323, promoters of the firm hold 71.34 percent of the company, while retail investors hold 27.39 percent.<\/p><p><strong>Written by Omkar C<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2626061515\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The chemical manufacturer\u00a0Meghmani Finechem Ltd shares gained 1.7 percent to Rs 1,134 on Wednesday&#8217;s session. The stock price increased after the company diversified its portfolio in the renewable energy sector. As per exchange filings, Company commissioned and started power flow in the Wind Solar Hybrid Power Plant of ~ 18.34 MW through Special Purpose Vehicle [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-104639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chemical stock in green after company diversifies its business in renewable energy sector - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The chemical manufacturer\u00a0company shares gained 1.7 percent to Rs 1,134 on Wednesday&#039;s session. 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