Merino Industries Limited
-4.35 % 1 MAbout Merino Industries Limited
A Comprehensive Overview of Price & Journey
Understanding Merino Industries Limited Inception and Growth
Overview
Merino Industries Limited (also known as Merino Industries Ltd) was incorporated in 1965 by the Kolkata based Lohia family, which is involved in manufacturing and exporting a variety of interior solutions for homes, offices, and commercial spaces.
Merino Industries Limited is part of the Merino Group, which is one of the world's largest laminate producers. The company has a manufacturing capacity of producing over 21 million HPL sheets annually. The company has a network of 16,000 dealers and retailers that offer a wide range of designs, textures, colors, and finishes.
The company’s vision is to achieve global competence and competitiveness in every line of business by synergizing Western work culture and Indian ethos. Its motive is to maximise the product value (excellence), maintain affordability (economy), and deal fairly and transparently in all our relationships (ethics).
Products & Services
The following are the products of the company:
High Pressure Laminates
Special Laminate
Performance Laminates
Interior Compact Solutions
Exterior Compact Armour
Surfaces Plywood, Blockboard
and Flush Doors
PU+ Acrylic Coated Panels
Restroom Systems Solutions
Solid Surfaces
Stoven (Stone veneers)
Luxury Vinyl Flooring (LVT)
LUVIH Surfaces
Manufacturing Capacities
The company has its manufacturing facilities in the following places:
Hapur, Uttar Pradesh: Laminates, Furniture, Panels, Restroom Cubicles, Cladding Solutions
Hosur, Tamil Nadu: Paper Foil, Wrap Profile, MDF/Particle Board Furniture
Dahej, Gujarat: Paper Foil, Wrap Profile, MDF/Particle Board Furniture, Restroom Cubicles
Rohad, Haryana: MDF/Particle Board Furniture
Halol, Gujarat (Upcoming): MDF/Particle Board Furniture
Board of Directors
Shri Rup Chand Lohia, Executive Chairman
Shri Prakash Lohia, Managing Director
Shri Prabal Kumar Sarkar, Independent Director
Dr. Gautam Bhattacharjee - Independent Director
Shri Bama Prasad Mukhopadhyay - Independent Director
Shri K. T. Prasad - Non-Executive Director
Shri Prasan Lohia - Whole Time Director
Miss Ruchira Lohia - Whole Time Director
Shri Bikash Lohia - Whole Time Director
Shri Manoj Lohia - Whole Time Director
Shri Deepak Lohia - Whole Time Director
Shri Madhusudan Lohia - Whole Time Director
Shri Anurag Lohia - Whole Time Director
Shri Nripen Kumar Dugar - Whole Time Director
Shri Anil Jajoo - Whole Time Director
Subsidiaries
There were no subsidiary, associate, or joint venture companies of the Company till 31st March, 2023.
Listing Status
The DRHP has not been filed by the company.
IPO Details
Merino Industries Ltd has no IPO Plans.
Dividend Details
Merino Industries Limited declared a dividend of Rs 9/- per equity share for the year ended 31st March 2023.
Share Price
As the company is unlisted, there is no publicly traded Merino Industries share price. If you are looking for Merino Industries Ltd share price or Merino Industries share, it is likely that you are looking for its unlisted share price in the grey market, which can fluctuate based on demand and supply among investors.
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Overview
Merino Industries Limited (also known as Merino Industries Ltd) was incorporated in 1965 by the Kolkata based Lohia family, which is involved in manufacturing and exporting a variety of interior solutions for homes, offices, and commercial spaces.
Merino Industries Limited is part of the Merino Group, which is one of the world's largest laminate producers. The company has a manufacturing capacity of producing over 21 million HPL sheets annually. The company has a network of 16,000 dealers and retailers that offer a wide range of designs, textures, colors, and finishes.
The company’s vision is to achieve global competence and competitiveness in every line of business by synergizing Western work culture and Indian ethos. Its motive is to maximise the product value (excellence), maintain affordability (economy), and deal fairly and transparently in all our relationships (ethics).
Products & Services
The following are the products of the company:
High Pressure Laminates
Special Laminate
Performance Laminates
Interior Compact Solutions
Exterior Compact Armour
Surfaces Plywood, Blockboard
and Flush Doors
PU+ Acrylic Coated Panels
Restroom Systems Solutions
Solid Surfaces
Stoven (Stone veneers)
Luxury Vinyl Flooring (LVT)
LUVIH Surfaces
Manufacturing Capacities
The company has its manufacturing facilities in the following places:
Hapur, Uttar Pradesh: Laminates, Furniture, Panels, Restroom Cubicles, Cladding Solutions
Hosur, Tamil Nadu: Paper Foil, Wrap Profile, MDF/Particle Board Furniture
Dahej, Gujarat: Paper Foil, Wrap Profile, MDF/Particle Board Furniture, Restroom Cubicles
Rohad, Haryana: MDF/Particle Board Furniture
Halol, Gujarat (Upcoming): MDF/Particle Board Furniture
Board of Directors
Shri Rup Chand Lohia, Executive Chairman
Shri Prakash Lohia, Managing Director
Shri Prabal Kumar Sarkar, Independent Director
Dr. Gautam Bhattacharjee - Independent Director
Shri Bama Prasad Mukhopadhyay - Independent Director
Shri K. T. Prasad - Non-Executive Director
Shri Prasan Lohia - Whole Time Director
Miss Ruchira Lohia - Whole Time Director
Shri Bikash Lohia - Whole Time Director
Shri Manoj Lohia - Whole Time Director
Shri Deepak Lohia - Whole Time Director
Shri Madhusudan Lohia - Whole Time Director
Shri Anurag Lohia - Whole Time Director
Shri Nripen Kumar Dugar - Whole Time Director
Shri Anil Jajoo - Whole Time Director
Subsidiaries
There were no subsidiary, associate, or joint venture companies of the Company till 31st March, 2023.
Listing Status
The DRHP has not been filed by the company.
IPO Details
Merino Industries Ltd has no IPO Plans.
Dividend Details
Merino Industries Limited declared a dividend of Rs 9/- per equity share for the year ended 31st March 2023.
Share Price
As the company is unlisted, there is no publicly traded Merino Industries share price. If you are looking for Merino Industries Ltd share price or Merino Industries share, it is likely that you are looking for its unlisted share price in the grey market, which can fluctuate based on demand and supply among investors.
About Merino Industries Limited
IPO Details, Price movement
Performance Highlights for FY 2023-24
Revenue from operations increased by 3.5% from INR 2176 crore in FY23 to INR 2252 crore in FY24.
Total Revenue increased by 4.7% from INR 2205 crore in FY23 to INR 2309 crore in FY24.
Profit Before Tax declined by 6.1% from INR 174.1 crore in FY23 to INR 163.5 crore in FY24.
The Company's Profit After Tax rose by over 3.3% from INR 117.6 crore in FY23 to INR 121.5 crore in FY24.
Cash flow from operating activities increased by 46.1% from INR 184.4 crore in FY23 to INR 270.5 crore in FY24.
Net Cash used in investing activities was INR 459 crore in FY23 and became INR 354 crore in FY24.
Net cash flow from Financing activities decreased by 62% from INR 247 crore in FY23 to INR 94 crore in FY24.
Fundamentals
Financials
All values are INR Cr except per share value
| P&L Statement | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 1743.59 | 2175.50 | 2251.83 |
| Other Income | 48.54 | 29.91 | 57.29 |
| COGS | 943.98 | 1112.32 | 1100.11 |
| Gross Profit | 848.16 | 1093.10 | 1209.02 |
| Total Expense | 596.98 | 823.47 | 945.29 |
| EBIDTA | 251.17 | 269.62 | 263.73 |
| D&A | 63.58 | 66.98 | 73.87 |
| EBIT | 187.60 | 202.64 | 189.86 |
| Interest Expense | 13.20 | 28.54 | 26.38 |
| PBT | 174.40 | 174.10 | 163.48 |
| TAX | 43.03 | 56.46 | 41.94 |
| PAT | 131.37 | 117.65 | 121.54 |
| Diluted EPS | 117.52 | 105.24 | 108.72 |
| Basic EPS | 117.52 | 105.24 | 108.72 |
| Total income | 1,792.13 | 2,205.41 | 2,309.12 |
ASSETS
| CURRENT ASSETS | 2022 | 2023 | 2024 |
|---|---|---|---|
| Cash and Cash Equivalents | 32.87 | 9.83 | 14.14 |
| Trade Payables | 165.28 | 175.20 | 214.70 |
| Inventory | 427.90 | 581.44 | 589.38 |
| Other Current Assets | 275.70 | 261.49 | 280.39 |
| Total Current Assets | 901.75 | 1,027.96 | 1,098.61 |
| NON CURRENT ASSETS | 2022 | 2023 | 2024 |
|---|---|---|---|
| Plant Property and Equipment | 683.78 | 1134.04 | 1303.83 |
| Long Term Investment | 41.94 | 50.02 | 65.21 |
| Other Non Current Assets | 217.21 | 98.01 | 131.26 |
| Total Non Current Assets | 942.93 | 1,282.07 | 1,500.30 |
| Total Assets | 1,844.68 | 2,310.03 | 2,598.91 |
|---|
| CURRENT LIABILITES | 2022 | 2023 | 2024 |
|---|---|---|---|
| TRADW Payable | 112.83 | 203.46 | 266.41 |
| Other Current Liab | 481.52 | 540.94 | 706.03 |
| NON CURRENTLIABILITIES | 2022 | 2023 | 2024 |
|---|---|---|---|
| Long Term Debt | 65.76 | 283.90 | 213.94 |
| Deffered Tax Liab | 20.10 | 14.23 | 32.32 |
| Other Non Current Liab | 19.86 | 19.11 | 19.89 |
LIABILITIES
| EQUITY | 2022 | 2023 | 2024 |
|---|---|---|---|
| Share Capital | 11.28 | 11.28 | 11.28 |
| Other Equity | 1133.81 | 1237.13 | 1349.05 |
| Total Equity | 1,145.09 | 1,248.41 | 1,360.33 |
| Total Liabilities & Equity | 1,145.09 | 1,248.41 | 1,360.33 |
|---|
| CASH FLOW STAT | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Cash Flow from operating | - | 128.36 | 184.40 | 269.51 |
| Cash Flow from financing | - | 103.93 | 246.67 | 93.64 |
| Cash Flow from investing | - | -219.00 | -458.72 | -354.22 |
| Net cash flow | 0.00 | 13.29 | -27.65 | 8.93 |
Revenue Growth
PAT Growth %
EPS Growth %
TOTAL ASSETS Growth %
QUICK RATIO Growth %
LONG TERM DEBT TO EQUITY RATIO Growth %
Shareholding Pattern
2026
| Name | Designation | Share % |
|---|---|---|
| Promoters | NA | 85.86% |
| Others | NA | 14.14% |
Events
| Name | Date | Details |
|---|---|---|
| No events available. | ||
Promoters or Management
| Name | Designation | Linkedin Profile | |
|---|---|---|---|
| No promoters available. | |||
Frequently Asked Questions
- The lockin period is of 6 months for pre-ipo investors i.e. they cannot sell their shares for 6 months after they get listed. However, they can definitely sell the shares in pre-ipo market before they get listed.
- With BharatInvest, you can now invest in unlisted/pre-ipo shares with as low as 25-50k depending upon the share.
- 1. You can download the NSDL or CDSL application and login into the account and check whether the shares have been credited or not.
- 2. Credit of Unlisted Shares/Pre-IPO shares can be checked in brokers application as well but it takes T+2 days to show the shares.
- The value of share in unlisted space is determined in the same way as it is done in listed market. Demand and supply decide the price of any share. If the demand more than the supply, then the prices of the share increases and vice versa.
- When a new shares is introduces in the unlisted space, the value of the company is decided upon the last funding raised by company. If the company hasn’t raised any funding in the past, then the valuation is decided upon the fundamentals of the company.
- A Public Unlisted Shares Is Not Listed on Stock Exchange, Where as a Listed Public Company Is Listed On Stock Exchange Such As BSE Or NSE For Trading Of Shares.
- If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unli sted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
- If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 12.5% without indexation benefits.
- After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.
- Absoluetly NOT! Grey market is all about speculation relation to open price, subscription rate etc. And does not include physical delivery of shares. Whereas in pre ipo market you get to invest in shares much before the ipo too and it involves physical delivery of shares. It is compeletly legal and does not include any such speculation.
- Existing stakeholders, promoters or employees who have equity shares of an unlisted company and early investors who wish to get value of their investment.
- Yes, investing in unlisted shares is undoubtedly legal in India. The trading takes place in the over-the-counter market.