Unlisted Shares
Merino Industries Limited
Merino Industries Limited (Unlisted)
Verified Unlisted CompanyOff-market Transfer · NSDL / CDSL
About Merino Industries Limited
Merino Industries Limited, established in 1965 (formerly Merino Laminates), is one of the largest manufacturers and exporters of decorative laminates in India. The company has evolved into a diversified group with interests in laminates, interior solutions, agro foods, and information technology. It is managed by a professional team with decades of industry experience.
Share Details
| company Name | Merino Industries Limited (Unlisted) |
| indicative Unlisted Share Price | ₹3969 |
| market Capitalization | ₹2185 Crore |
| lot Size | 25 |
| 52 Week High | ₹3300 |
| 52 Week Low | ₹2500 |
| face Value | ₹10 |
| book Value | 1223.11 |
| pe Ratio | N/A |
| pb Ratio | 2.53 |
| debt To Equity | 0.52 |
| return On Equity | -0.52 |
| total Outstanding Shares | 11778079 |
| isin | INE662B01017 |
| depository | NSDL & CDSL |
| pan | AAACC9186C |
| cin | U51909WB1985PLC026556 |
| rta | C B Management Services |
Income Statement (Profit & Loss) (₹ in Crore)
| Particulars | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 1,747.89 | 2,175 | 2,262 | 2,301 |
| EBITDA | 202.01 | 259 | 207 | 630 |
| PBT | 175.07 | 171 | 184 | -27 |
| Net Profit / Loss (PAT) | 132.23 | 58 | 102 | -3 |
| EPS | 117.32 | 104.7 | 108.25 | -0.21 |
Key Financial Ratios (Last 3–5 Years)
| Ratio | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Operating Profit Margin (%) | 11.6 | 10.99 | 9.19 | 6.52 |
| Net Profit Margin (%) | 7.56 | 5.43 | 5.42 | -0.3 |
| Earning Per Share (Diluted) | 117.32 | 104.7 | 108.25 | -0.21 |
Financial Annual Report Summary
Merino Industries has delivered consistent revenue growth with healthy operating margins. The company maintains a robust balance sheet with moderate debt and a very high book value per share.
Why Invest in Merino Industries Limited
- Strong revenue growth and brand leadership in premium laminates.
- High book value per share (₹1223).
- Moderate debt levels with solid asset base.
Balance Sheet - Assets (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Fixed Assets | 476.18 | 442 | 1,275 | 1,219 |
| CWIP | 140.92 | 504 | 37 | 42.5 |
| Investments | 358.76 | 144 | 138 | 208 |
| Trade Receivables | 165.38 | 175 | 215 | 202 |
| Inventory | 427.3 | 581 | 589 | 654.5 |
| Other Assets | 289.95 | 384 | 305 | 271 |
| Total Assets | 1,868.98 | 2,310 | 2,599 | 2,527 |
Balance Sheet - Liabilities & Equity (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Share Capital | 11.27 | 11.27 | 11.27 | 11.27 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 1,149.04 | 1,237 | 1,549 | 1,536 |
| Borrowings | 295.1 | 595 | 722 | 702 |
| Trade Payables | 239.58 | 204 | 268 | 316 |
| Other Liabilities | 173.07 | 252.73 | 250.73 | 221.73 |
| Total Liabilities | 1,868.98 | 2,310 | 2,599 | 2,527 |
Liabilities Breakdown & Balance Sheet Insights
Balance Sheet Insights
Debt to Equity ratio of 0.52. Strong reserves and asset base.
Liabilities Breakdown
Debt to Equity ratio of 0.52.
Additional Insights
Healthy balance sheet with significant fixed assets, inventory, and reserves. Moderate leverage.
Cash Flow Insights
- Positive operating cash flow in recent years.
- Capex for capacity expansion.
Shareholding Pattern
Recent
Promoter: High (Promoter Family)
Institutional: Low
Public: Low
Promoters & Management
Family-promoted and professionally managed company with strong promoter involvement.
Key Management
Prakash Lohia - Chairman & Managing Director
Decades in Laminates Industry
Prasan Lohia - Whole Time Director
Bikash Lohia - Whole Time Director
Ruchira Lohia - Whole Time Director
Madhusudan Lohia - Whole Time Director
Registrar & Transfer Agent (RTA)
Registrar: C B Management Services
Website: https://www.cbmsl.com/
Management Analysis
Focus on innovation in premium laminates, capacity expansion, sustainability, and maintaining market leadership in decorative surfaces.
Frequently Asked Questions About Merino Industries Limited
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