Merino Industries

3400 +0 (0%) 1Y
Price per Unit 3400
Minimum no. of Units 8
Enter Units
Investment Amount 0
Stamp Duty (0.015 %) 0
Final Amount 0
Unlisted shares

Merino Industries

DRHP Status : Not Filed

3400

Current Price 3400
Market Cap 3689 Cr
ISIN INE662B01017
Face Value 10
P/E Ratio 30.4
EPS 1.7
P/B Ratio 2.7
Book Value 1216.9
Debt to Equity Ratio 2.7
P&L Statement 2021 2022 2023 2024
Revenue 1296.88 1747.89 2175 2252
Cost of Material Consumed 576.26 947.97 1200 1174
Gross Margins 55.57 45.76 44.83 47.87
Change in Inventory 9.04 -36.8 -52 44
Employee Benefit Expenses 163.45 207.97 247 290
Other Expenses 338.31 426.01 541 537
EBITDA 209.82 202.74 239 207
OPM 16.18 11.6 10.99 9.19
Other Income 41.97 48.34 30 57
Finance Cost 18.16 13.19 28 26
D&A 56.68 62.8 67 74
EBIT 153.14 139.94 172 133
EBIT Margins 11.81 8.01 7.91 5.91
PBT 176.92 175.07 174 164
PBT Margins 13.64 10.02 8 7.28
Tax 45.06 42.85 56 42
PAT 131.86 132.22 118 122
NPM 10.17 7.56 5.43 5.42
EPS 117 117.32 104.7 108.25

Financial Ratios

 2021 2022 2023 2024
Operating Profit Margin 16.18 11.6 10.99 9.19
Net Profit Margin 10.17 7.56 5.43 5.42
Earning Per Share (Diluted) 117 117.32 104.7 108.25
Assets 2021 2022 2023 2024
Fixed Assets 480.55 478.16 442 1275
CWIP 16.45 140.93 604 37
Investments 382.2 366.74 144 178
Trade Receivables 151.61 165.28 175 215
Inventory 345.39 427.9 581 589
Other Assets 135.12 289.95 364 305
Total Assets 1511.32 1868.96 2310 2599
Liabilities 2021 2022 2023 2024
Share Capital 11.27 11.27 11.27 11.27
FV 10 10 10 10
Reserves 1024.84 1149.94 1237 1349
Borrowings 137.17 295.1 595 722
Trade Payables 185.17 239.58 204 266
Other Liabilities 152.87 173.07 262.73 250.73
Total Liabilities 1511.32 1868.96 2310 2599
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Name Holding
Promoters 85.86%
Other Investors 14.14%

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Merino Industries, part of the Merino Group, is a global leader in decorative laminates and surfacing solutions. 

Founded in 1965, the company has expanded its business interests to include Information Technology and Food & Agro products. 

With a presence in over 80 countries and an annual turnover exceeding USD 250 million, Merino Industries is known for its commitment to quality, innovation, and customer satisfaction.

Click here to visit the official website of Merino Industries

Strengths:

  1. Established Market Presence and Diversified Revenue Profile: Merino Industries has a long-standing presence in the interior solutions market, offering a wide range of products for residential, commercial, and public spaces. This diversification helps mitigate risks associated with reliance on a single product line. ​

  2. Extensive Distribution Network and Export Reach: The company's robust distribution network facilitates widespread domestic market penetration, while its export activities in over 60 countries enhance revenue streams and reduce dependence on any single market.

  3. Strong Financial Performance: As of March 31, 2024, Merino Industries reported total income of ₹2,309.1 crore and a net profit of ₹121.5 crore. The company's shareholder funds stood at ₹1,360.3 crore, indicating a solid financial foundation.

  4. Comfortable Capital Structure: With a debt-to-equity ratio of 0.53, Merino Industries maintains a balanced approach to leveraging, ensuring financial stability and flexibility for future growth initiatives. ​

Weaknesses:

  1. Liquidity Risk: Investing in unlisted shares like those of Merino Industries entails liquidity challenges, as these shares are not traded on public stock exchanges. This can make it more difficult to find buyers when an investor wishes to sell. 

  2. Price Volatility: The absence of regular public trading can lead to higher price volatility for unlisted shares, potentially resulting in significant fluctuations in investment value. 

  3. Regulatory and Information Constraints: Unlisted companies are subject to different regulatory frameworks and may have limited public information available, making it challenging for investors to assess the company's true value and growth potential.

  4. Inventory Turnover Concerns: The company's inventory turnover ratio suggests potential issues in managing inventory efficiently, which could impact operational performance.

FAQs

Merino Industries Limited unlisted shares refer to equity ownership in a privately held company specialising in speciality polymers, coatings, and value-added chemicals. These shares are not listed on NSE or BSE and can be accessed via private-market platforms like UnlistedKraft.

Yes, UnlistedKraft provides verified access to Merino Industries Limited unlisted shares. Once you complete your KYC and place your order, the shares are typically credited to your demat account within about 24 hours.

Unlisted share investments carry risks such as limited liquidity and reduced public disclosure. However, Merino Industries is a recognised name in its core industry with a track record of operational strength. Investing via UnlistedKraft ensures secure, transparent, and verified transactions.

The share price is based on recent private transactions, the company’s financial performance, market demand, and valuation metrics. UnlistedKraft keeps pricing updated regularly to reflect fair market value.

Yes, you must have an active demat account to receive and hold Merino Industries Limited unlisted shares.

There is no mandatory holding period unless the company lists on a public stock exchange. Most investors hold these shares until a liquidity event, such as an IPO or strategic acquisition, to benefit from potential long-term gains.

Yes, you can resell your shares before an IPO through UnlistedKraft’s resale network, subject to buyer demand and prevailing market conditions.

Yes. As per SEBI regulations, pre‑IPO investors must observe a six-month lock-in period after the company is listed on a public exchange.

If held for more than two years, gains are treated as long-term capital gains and taxed at 20 percent with indexation. If sold within two years, gains are considered short-term and taxed under your income tax slab.

UnlistedKraft offers verified access to investment opportunities in companies like Merino Industries Limited, backed by transparent pricing, expert guidance, secure transaction processes, and prompt share delivery to your demat account.
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