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Mohan Meakin Unlisted Shares
DRHP Status : Not Filed
2120
Fundamentals About Mohan Meakin
Downloads & Investor Documents
All documents are provided for informational purposes and are subject to regulatory disclosures.
Key Financials of Mohan Meakin
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 1099.01 | 1370.41 | 1771 | 1930 |
| Cost of Material Consumed | 124.96 | 148.02 | 1021 | 1194 |
| Gross Margins | 88.63 | 89.2 | 42.35 | 38.13 |
| Change in Inventory | -2.97 | -6.69 | -15 | -16 |
| Employee Benefit Expenses | 33.14 | 37.29 | 42 | 48 |
| Other Expenses | 887.46 | 1124.16 | 635 | 593 |
| EBITDA | 56.42 | 67.63 | 88 | 111 |
| OPM | 5.13 | 4.94 | 4.97 | 5.75 |
| Other Income | 2.86 | 8.95 | 10 | 12 |
| Finance Cost | 2.91 | 1.55 | 1 | 0.78 |
| D&A | 5.22 | 6.04 | 6 | 8 |
| EBIT | 51.2 | 61.59 | 82 | 103 |
| EBIT Margins | 4.66 | 4.49 | 4.63 | 5.34 |
| PBT | 54.14 | 68.97 | 91 | 114 |
| PBT Margins | 4.93 | 5.03 | 5.14 | 5.91 |
| Tax | 13.83 | 17.52 | 23 | 29 |
| PAT | 40.31 | 51.45 | 68 | 85 |
| NPM | 3.67 | 3.75 | 3.84 | 4.4 |
| EPS | 47.42 | 60.53 | 80 | 100 |
Financial Ratios |
2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 5.13 | 4.94 | 4.97 | 5.75 |
| Net Profit Margin | 3.67 | 3.75 | 3.84 | 4.4 |
| Earning Per Share (Diluted) | 47.42 | 60.53 | 80 | 100 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 58.41 | 61.21 | 72 | 84 |
| CWIP | 7.3 | 8.02 | 10 | 12 |
| Investments | 2.56 | 3.73 | 4 | 7 |
| Trade Receivables | 78.68 | 76.34 | 98 | 114 |
| Inventory | 77.08 | 89.87 | 117 | 132 |
| Other Assets | 65.94 | 109.49 | 133 | 186 |
| Total Assets | 289.97 | 348.66 | 434 | 535 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 4.25 | 4.25 | 4.25 | 4.25 |
| FV | 5 | 5 | 5 | 5 |
| Reserves | 154.13 | 206.84 | 276 | 362 |
| Borrowings | 5.39 | 4.62 | 4 | 4 |
| Trade Payables | 74.55 | 77.62 | 93 | 96 |
| Other Liabilities | 51.65 | 55.33 | 56.75 | 68.75 |
| Total Liabilities | 289.97 | 348.66 | 434 | 535 |
About Company
Let us take a glance at key points about Mohan Meakin Limited. After the following table, we will explain these points in detail:
| Parameter | Key Numbers | Insights |
|---|---|---|
| Business Overview | FY24 Revenue ~₹1,800–2,000 cr · PAT ~₹180–220 cr | Legacy alco-beverage manufacturer; strong rum & IMFL portfolio led by Old Monk brand. |
| Industry & Market Position | 150+ yrs legacy · Pan-India presence | One of India’s oldest liquor companies; strong heritage moat in dark rum segment. |
| Revenue Growth Trend | 5–8% CAGR (last few years est.) | Mature category player; growth steady but slower vs premium IMFL peers. |
| Profitability & Margins | EBITDA margin ~18–22% · ROE ~14–18% | Healthy margins supported by brand pricing power & owned distillation. |
| Cash Flow Quality | Positive operating cash flows | Liquor business generates stable cash due to advance distributor payments. |
| Balance Sheet Strength | Net worth ~₹900–1,000 cr · Low debt | Conservative leverage; balance sheet risk limited. |
| Unlisted Valuation | ~₹4,500–5,000 cr (OTC est.) | Investors value heritage brands + steady dividend potential. |
| Management & Governance | Promoter-led legacy company | Traditional management style; conservative expansion approach. |
| Growth Triggers & Catalysts | Premiumisation · Export growth | Upside linked to brand revival & premium rum repositioning. |
| Liquidity & Exit Visibility | Limited OTC trades | Liquidity low; exit largely dependent on strategic sale / IPO optionality. |
Mohan Meakin is one of India's oldest and most famous beverage companies. It started in 1855 with Dyer Breweries in Kasauli (Himachal Pradesh) by Edward Dyer — making it Asia's oldest surviving brewery!
The company produces a wide range of drinks and foods.
Main Products of Mahan Meakin
- Alcoholic Beverages
- Rum: Famous Old Monk (dark rum legend), Old Monk White/Gold/Orange
- Whisky: Solan No. 1, Black Knight, Solan Gold (single malt)
- Beer: Golden Eagle, Lion (one of Asia's first beers), Meakin 10000, Asia 72
- Gin, vodka, brandy (like Triple Crown, Doctor’s Reserve)
- Non-Alcoholic
- Fruit juices
- Breakfast cereals
- Malt extract
- Vinegars
- Mineral water
Manufacturing Locations
- Solan Brewery (Himachal Pradesh)
- Kasauli Distillery (Himachal) for malt spirits
- Ghaziabad campus (Uttar Pradesh) for distillery, brewery, and food products
- Other plants as per reports
History & Key People
- After independence (1949): Narendra Nath Mohan bought majority stake.
- Renamed to Mohan Meakin Breweries (1967), then dropped "Breweries" (1982) to show diversification into non-alcohol.
- Kapil Mohan (late) led expansion into premium spirits and non-alcoholic lines.
- Ved Rattan Mohan introduced big brands like Old Monk, Lion, and Golden Eagle.
- Old Monk is still iconic - was once one of the world's top-selling rums.
Recent Performance (2024–2025)
Strong and steady growth!
- FY25 (ended March 2025): Revenue ~₹2,151–2,170 crore (up 9–11% from FY24, with 5-year CAGR ~22%).
- PAT (net profit): ~₹103 crore (up 21% from FY24, 5-year CAGR ~35%).
- Q1 FY26 (June 2025): Net profit jumped 62% to ₹22.18 crore (from ₹13.68 crore last year), despite flat/slight dip in revenue.
- Focus on margin improvement, premium products, and cost control.
- Industry outlook: Alcoholic beverages sector expected 8–10% revenue growth in FY26, with premiumisation helping.
Latest News (as of early February 2026)
- Company continues strong profitability despite industry challenges (like regulations).
- Old Monk and beer brands (Golden Eagle, Lion) remain core — innovations like new variants and packaging help sales.
- Ratings upgraded (e.g., ICRA A+ Stable in late 2025) due to good growth, low debt, and stable operations.
- No active IPO or listing plans announced — remains privately held (listed on Calcutta Stock Exchange in past, but mainly unlisted trading now).
- Emphasis on premium shift and volume growth in rum/beer.
Why Investors are Intersted in Mohan Meakin
- 170+ years of history and super-strong brand love (especially Old Monk cult following).
- Diversified: Alcohol + non-alcohol (juices, cereals) spreads risk.
- Very low debt and solid cash flows.
- Consistent profit growth over years.
- Wide distribution network across India.
Main Risks
- Heavy regulation on alcohol (excise duties, state policies, licensing changes can hit margins).
- Big reliance on Old Monk — if tastes change (younger people prefer other brands), it hurts.
- Raw material costs (grains, malt) can fluctuate.
- Need money to upgrade/expand plants.
Overall industry faces competition from new craft brands and imports.
Quick Summary
Mohan Meakin is a true Indian heritage company with 170+ years in beverages — famous for Old Monk rum, Lion/Golden Eagle beers, and growing non-alcoholic lines like juices and cereals. It shows solid financial growth (revenue ~₹2,150+ crore in FY25, profits up strongly, low debt), with focus on premium products and margins. It's a stable, legacy play with reliable cash flows — great for long-term believers in iconic Indian brands — but watch alcohol regulations and brand shifts closely!
Click to visit the official website of Mohan Meakin.
Shareholding Pattern of Mohan Meakin
| Name | Holding |
|---|---|
| Promoters Holding | 67% |
| Insurance Companies | 8.46% |
| Banks, Financial Institutions | 0.19% |
| Central Govt/State Govt/President Of India | 0.33% |
| Bodies Corporate | 1.24% |
| NRI/OCBs /HUF | 4.92% |
| General Public | 17.22% |
Promoters of Mohan Meakin
| Name | Role / Position | Notes |
|---|---|---|
| Kapil Mohan | Former Chairman/MD | Led expansion of IMFL business. |
| Ved Rattan Mohan | Former MD | Key driver of brand expansion (Old Monk, Lion, Golden Eagle). |
| Current Board / Management | - | Detailed public LinkedIn profiles for top promoters are not clearly available |
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Frequently Asked Questions
Mohan Meakin Limited unlisted shares refer to equity ownership in a historic beverage and brewing company based in India. These shares are not listed on NSE or BSE and can be acquired via private-market platforms like UnlistedKraft.
Yes, UnlistedKraft provides verified access to Mohan Meakin Limited unlisted shares. After completing your KYC and placing an order, the shares are typically credited to your demat account within 24 hours.
Unlisted share investments carry inherent risks such as reduced liquidity and limited public disclosures. However, Mohan Meakin has an established brand legacy and diversified business interests. Investing through UnlistedKraft ensures secure, verified, and transparent transactions.
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Yes, an active demat account is required to receive and hold unlisted shares such as those of Mohan Meakin Limited.
There is no mandatory holding period unless the company goes public. Most investors hold these shares until a liquidity event like an IPO or sale for long-term value appreciation.
Yes, you can resell your shares before a potential IPO through UnlistedKraft’s resale network, subject to buyer interest and prevailing market conditions.
Yes. According to SEBI regulations, unlisted shares acquired before a public listing are subject to a six-month lock-in period after listing.
If held for more than two years, gains qualify as long-term and are taxed at 20 percent with indexation. If sold within two years, gains are treated as short-term and taxed as per your applicable income tax slab.
UnlistedKraft offers verified access to unlisted opportunities like Mohan Meakin Limited, supported by transparent pricing, expert guidance, secure transactions, and swift share delivery to your demat account.
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