Chemical maker Meghmani Organics Ltd. expects its revenue to grow 10-15 percent in the ongoing financial year.
“We are seeing good growth in all our segments, including pigment and agrochemicals,” Chief Financial Officer Gurjant Singh Chahal told BloombergQuint in an interview. “We maintain our overall top line growth of 10-15 percent.”
In June, the company had said its new chloromethane plant in Dahej, Gujarat would translate into higher revenue for the fiscal ending March 2020.
Also, Meghmani Organics doesn't expect its debt to increase much. The company's current debt on the book stands at Rs 520 crore, Chahal said. “We have enough liquidity and we are fairly comfortable with the current debt-equity ratio,” he said.
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