Merino Industries Limited
| Market Cap | ₹3Cr. | Stock P/E | 28.3 |
| Current Price | ₹3250 | Book Value | ₹1038.8 |
| Lot Size | 100 | 52W Low | ₹ |
| 52W High | ₹ | Demat Account | |
| EPS | 118.28 | ISIN | INE662B01017 |
| Debt to Equity | 0.25 | Valuation | ⭐⭐⭐⭐ |
| Face Value | 10 | No. of Shares | 1.12 |
Description
| Buy Price | Minimum Quantity | Amount |
|---|---|---|
| ₹ 2925 | 100 | ₹ 292500 |
| Sell Price | Minimum Quantity | Amount |
|---|---|---|
| ₹ 3250 | 100 | ₹ 325000 |
Company Overview:
Industry: Ceramics/Marble/Granite/Sanitaryware
Incorporation Year: 1965
Website: https://www.merinoindia.com/
Company Overview :
Incorporated in 1965, the Merino Group is the largest manufacturer and exporter of laminates in India. Headquartered in Kolkata, the company has its manufacturing units in Hapur (UP), Rohad (Haryana), Dahej (Gujarat), and Hosur (Tamil Nadu). The company markets its products in over 60 countries and is present in most of the states. It has more than 2000 outlets and over 4000 dealers to give easy access to its products. The company offers interior solutions with a wide range of products for offices, homes, commercial, and public areas.
Announcement and News
Merino Industries: From rooted beginnings to a global example of sustainable growth
Merino Industries’ evolution from plywood to high-quality laminates like FABWood reflects its commitment to innovation and sustainability. The company’s strategic investments and initiatives underscore its position as a leader in the interior solutions industry.
When we talk about industry pioneers in the interior solutions vertical, a name that shines brighter than most is that of ‘Merino Industries.’ Originating in 1965, Merino’s story is a tale of excellence that combines innovation, determination, and a strong emphasis on quality. Starting as a plywood manufacturer, Merino quickly transitioned into the interior solutions sector, significantly transforming the world of decor and design. Merino commenced its first commercial plywood facility in Assam,
marking a new era of exceptional craftsmanship and dedication to customer satisfaction. Known for its focus on superior products that become synonymous with strength and reliability, Merino soon became a trusted name in the furniture industry. Over the years, their reputation grew, leading to the establishment of a high-pressure laminate manufacturing unit in Hapur, UP. Their offering comprises several brands and labels, right from laminates and boards to the recently launched FABWood – a one-of a-kind offering from the company.
Financial Data (IN CR.)
| YEAR | 2024 | 2023 | 2022 |
|---|---|---|---|
| NET SALES | 2251.8 | 2175.5 | 2251.8 |
| TOTAL INCOME | 2309.1 | 2205.4 | 2309.1 |
| NET PROFIT | 121.5 | 117.6 | 121.5 |
| SHAREHOLDERS FUND | 1360.3 | 1248.4 | 1360.3 |
| TOTAL ASSETS | 2598.9 | 2310 | 2598.9 |
| EPS | 108.72 | 105.24 | 108.72 |
Financial Docs
Profit and Loss (IN CR.)
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Revenue | 1747.89 | 2175 | 2252 |
| Cost of material Consumed | 947.97 | 1200 | 1174 |
| Gross Margin | 45.76 | 44.83 | 47.87 |
| OPM | 11.6 | 10.99 | 9.19 |
| Other Income | 48.34 | 30 | 57 |
| Other Expenses | 426.01 | 541 | 537 |
| Depreciation & Amortization | 62.8 | 67 | 74 |
| Profit before tax | 175.07 | 174 | 164 |
| Net Profit Margin | 7.56 | 5.43 | 5.42 |
| EPS in Rs | 117.32 | 104.7 | 108.25 |
| Finance Cost | 13.19 | 28 | 26 |
Balance Sheet (IN Cr.)
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Share Capital | 11.27 | 11.27 | 11.27 |
| Reserves | 1149.94 | 1237 | 1349 |
| Borrowings | 295.1 | 595 | 722 |
| Other Liabilities | 173.07 | 262.73 | 250.73 |
| Total Liabilities | 1868.96 | 2310 | 2599 |
| Fixed Assets | 478.16 | 442 | 1275 |
| CWIP | 140.93 | 604 | 37 |
| Investments | 366.74 | 144 | 178 |
| Other Assets | 289.95 | 364 | 305 |
| Total Assets | 1868.96 | 2310 | 2599 |
Shareholding Pattern
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Promoters | 64.67% | 95.23% | 85.86% |
| Others | 35.33% | 4.77% | 14.14% |