Home/Unlisted Shares/Merino Industries Limited

Merino Industries Limited

Industry Building MaterialsSector MaterialsISIN INE662B01017

52W HIGH

Rs 3,266.25

52W LOW

Rs 2,587.87

1Y RETURN

+0.0%

About the Company

Merino Industries Limited manufactures decorative laminates, panels and integrated interior solutions under the Merino brand. Founded in 1974, the company operates multiple manufacturing facilities in India and exports to numerous countries. Product lines include high-pressure laminates, compacts, panels, restroom cubicles and surfaces with antimicrobial and performance features. Merino integrates design libraries, digital tools and a distribution network for architects, contractors and OEMs. Corporate materials emphasise sustainability, certifications and responsible sourcing while investing in innovation and capacity to serve residential, commercial and institutional projects.

Quick Facts

SectorMaterials
IndustryBuilding Materials
ISININE662B01017
Face ValueRs 10
Lot Size10 shares
IPO StatusUnlisted
52W RangeRs 2,587.87 to Rs 3,266.25
Indicative PriceAvailable
Rs 2,587.87

As of 7 Jul 2026

Quantity

Minimum investment Rs 1,00,000 (39 shares).

Estimated TotalRs 1,00,927
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FUNDAMENTALS

Key Indicators

A snapshot of Merino Industries Limited's valuation multiples and capital efficiency at a glance.

CURRENT SHARE PRICE

Rs 2,587.87

FACE VALUE / SHARE

Rs 10

BOOK VALUE / SHARE

Rs 1,223.11

PRICE TO EARNING (PE)

N/A

PRICE / BOOK

2.11

MARKET CAP

2.89K Cr

DEBT TO EQUITY

0.52

RETURN ON EQUITY

-0.52%

52 WEEK HIGH

Rs 3,266.25

52 WEEK LOW

Rs 2,587.87

FINANCIALS

Fundamentals & Financial Statements

Price / Share

₹2,575

P/B Ratio

2.11

Debt to Equity

0.52

Book Value

₹1,223.11

Face Value

₹10

Lot Size10 shares
Total Shares1,11,78,679
DepositoryNSDL & CDSL
ISININE662B01017
CINU51909WB1965PLC026556
PANAAACC9186C
Registrar (RTA)C B Management Services
Figures in Rs Crore unless stated
Particulars2022202320242025
Revenue1,747.892,1752,2522,301
Cost of Material Consumed947.971,2001,1741,277
Change in Inventory-36.8-5244-60
Gross Margins47.87%47.22%45.91%47.11%
Employee Benefit Expenses207.97247290350
Other Expenses426.01541537630
EBITDA202.74239207104
OPM11.6%10.99%9.19%4.52%
Other Income48.34305754
Finance Cost13.19282658
Depreciation & Amortisation62.86774128
EBIT139.94172133-24
EBIT Margins8.01%7.91%5.91%-1.04%
Profit Before Tax175.07174164-27
PBT Margins10.02%8%7.28%-1.17%
Tax42.855642-20
Profit After Tax132.22118122-7
Net Profit Margin7.56%5.43%5.42%-0.3%
EPS₹117.32₹104.7₹108.25₹-6.21

PROCESS

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02

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03

Complete KYC

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04

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OWNERSHIP

Shareholding Pattern

Promoters & Promoter Group55%
Institutional Investors (FII / DII)18%
Public & HNIs20%
Others / ESOP7%

Indicative ownership structure. Exact filed breakup confirmed at dealing.

BENCHMARK

Peer Comparison

CompanyPriceP/EP/BROEMkt Cap
Merino Industries LimitedRs 2,587.87N/A2.11-0.52%2.89K Cr
Indofil Industries LimitedRs 1,459.457.240.9312.92%3.35K Cr
TRL Krosaki Refractories LimitedRs 1,758.7510.663.0228.51%3.68K Cr
Dalmia Bharat Refractories LimitedRs 225.75-0.39-1.52%997.82 Cr
India Carbon LimitedRs 912.9-0.50-4.42%241.92 Cr

Peers are live Materials companies from our catalogue - each figure is that company’s own.

CORPORATE CALENDAR

Events & Announcements

Apr – MayQ4 & full-year (FY) audited results
May – JulDIVIDENDFinal dividend consideration & record date
Jul – SepAnnual General Meeting
Jul – AugQ1 (Jun quarter) results
Oct – NovQ2 & half-year results
Jan – FebQ3 (Dec quarter) results
As announcedBonus / split / rights, if any

Typical annual calendar. Exact dates updated as the company announces them.

LEADERSHIP

Management Team

Standard governance structure. Named directors added as verified. Tap any role to see what they do and why it matters for investors.

REPORTS

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Merino Industries Limited Financial Report

Fundamentals, financial statements and key ratios in one PDF

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QUESTIONS

Frequently Asked Questions

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CORPORATE

Company Details

#

ISIN

INE662B01017

C

CIN

U51909WB1965PLC026556

P

PAN

AAACC9186C

R

REGISTRAR (RTA)

C B Management Services

D

DEPOSITORY

NSDL & CDSL

Y

INCORPORATED

Jul 1965

O

OUTSTANDING SHARES

1,11,78,679

A

REGISTERED OFFICE

5, ALEXANDRA COURT, 60/1, CHOWRINGHEE ROAD, KOLKATA WB IN 700020, India

S

SECTOR

Materials

I

INDUSTRY

Building Materials

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Disclaimer: Prices shown are indicative and for reference purposes only. Unlisted shares carry higher risk than listed equities. Past performance is not indicative of future results. Financial statements, where shown, are compiled from company filings (MCA / RTA) and may be restated in subsequent filings. Neoma Capital does not provide investment advice. Please consult a qualified financial advisor. Transactions subject to KYC verification and SEBI regulations.

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