Merino Industries Limited Unlisted Shares|Latest Share Price & Updates

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₹ 2,590

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₹ 2,850

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Company Overview

Merino Industries Limited(MIL) is a Non-govt company, incorporated on 29 Jul, 1965. It’s a public unlisted company and is classified as a ‘company limited by shares’. Company’s authorized capital stands at Rs 1700.0 lakhs and has 60.997646% paid-up capital which is Rs 1036.96 lakhs.

MIL Industries Limited is a leading company in India engaged in the manufacture of corrosion and abrasion resistant linings for Chemical, Fertilizer and other Process Industries, both in India and overseas. MIL Industries is India’s largest and modern Rubber lining facility and the company enjoys leadership position in the Rubber Lining field with a market share of around 40%. 

MIL also manufactures an extensive range of Plastic lined Pipes & Fittings, PTFE Expansion Joints, PTFE lined Dip Pipes, Spargers, Thermowells, Plain / Corrugated PTFE Hoses and so on. Besides this, MIL also supplies Air Pollution Control Systems for dust and fumes removal and Solvent Recovery Systems based on Carbon Adsorption Technology.

OVERVIEW

Merino Industries Limited manufactures wood products. The Company offers plywood and decorative laminates for homes, offices, commercial, and public areas. Merino Industries serves customers in India. Merino Industries Limited’s operating revenues range is Over INR 500 cr for the financial year ending on 31 March, 2022. It’s EBITDA has decreased by -3.37 % over the previous year. At the same time, it’s book net worth has increased by 12.07 %.

Description: The company manufactures and exports decorative laminates for home, retail, and office segments

Products & Services: plywood, melamine-faced particle boards and MDF boards, and post-formed panels; tailor-made furniture solutions for office, home, hospitality,

Category: Manufacturer

MIL’s well-equipped R&D Division is continuously making available to its clientele new / improved Rubber Compound formulations and Plastic Lining materials to cater to increasingly arduous operating conditions.

Merino Industries Ltd distributed the following dividends in the recent past:

FY 2021: Rs 6 per share 

FY 2020: Rs 7 per share

FY 2019: Rs 3.50 per share

FY 2018: Rs 3.50 per share

FY 2017: Rs 3.50 per share

The company has 13 directors and 2 reported key management personnel. The longest serving director currently on board is Prakash Lohia who was appointed on 14 July, 1976. Prakash Lohia has been on the board for more than 46 years. The most recently appointed director is Kooretti Titu Prasad, who was appointed on 17 August, 2022.

Prasan Lohia has the largest number of other directorships with a seat at a total of 6 companies. In total, the company is connected to 13 other companies through its directors.

PRESENT STATUS OF THE COMPANY

Merino Industries Limited is majorly in Trading business from last 57 years and currently, company operations are active.

REGISTERED OFFICE

Company is registered in Kolkata (West Bengal) Registrar Office. Merino Industries Limited registered address is 5, ALEXANDRA COURT,60/1, CHOWRINGHEE ROAD KOLKATA WB 700020 IN.

CURRENT UPDATE

As per the recent report, MIL Industries Ltd. got demerged with Mil Industries and Aerospace Ltd. With this demerger, Mil Industries Ltd. will transfer PTFE business undertakings to Mil Industries and Aerospace Ltd., which is a wholly owned subsidiary of Mil Industries Ltd.

Symbol:Merino Industries Ltd.
Face Value (₹):10
ISIN:INE662B01017
Demat Status:NSDL & CDSL
Lot Size:10 Shares

Board of Directors:

NameDesignation Profile
Prakash LohiaManaging DirectorNA Final 1
Prabal Kumar SarkarDirectorNA Final 1
Anurag LohiaWholetime Directorlinkedin
Sisir Kumar ChakrabartiDirectorNA Final 1
Madhusudan LohiaWholetime Directorlinkedin
Nripen Kumar DugarWholetime Directorlinkedin
Bikash LohiaWholetime Directorlinkedin
Deepak LohiaWholetime Directorlinkedin
Bama Prasad MukhopadhyayDirectorNA Final 1
Prasan LohiaWholetime Directorlinkedin
Rup Chand LohiaWholetime DirectorNA Final 1
Gautam BhattacharjeeDirectorNA Final 1
Manoj LohiaWholetime Directorlinkedin
Ruchira LohiaVice Presidentlinkedin

Key Highlights

  • Though the wood and panel industry of India is considered to be utterly unorganized, Merino Industries Ltd. has adopted an organized work culture since the beginning and is known for holding on to its values and the motto of Economy, excellence and ethics.
  • Merino was instrumental in bringing a totally organized atmosphere in the industry. Today, it is acknowledged in the industry that if 40% of the industry is in the organized sector, it is only because of Merino’s contribution.
  • Total Revenue: Over the last 5 years, revenue has grown at a yearly rate of 6.6%, versus industry average of 4.6%.
  • Profit after tax: Over the last 5 years, net income has grown at a yearly rate of 8.8%, versus industry average of 2.7%.
  • The company reported a growth of 34.16% in its sales from Rs. 1338.86 Cr. in 2021 to Rs. 1796.24 Cr in FY22. In 2022, the assets of the company jumped by 23.66% to Rs. 1868.98% in FY22 from Rs. 1511.34 Cr. in FY21.

Ratio

RatioFY22FY21
Operating Margin10%15%
Net Profit Margin7%10%
Return on Equity 11%13%
Debt-Equity0.250.16
Current Ratio1.391.61
Dividend Payout8%5%

Financial Highlights

Particulars2021-222020-212019-202018-192017-18
Total Income (₹ Crores) 1796.001338.861488.921491.761239.09
PAT (₹ Crores) 132.00131.86127.94140.83120.53
Diluted EPS 118.28117.95108.58121.94102.98
Book Value per Share (₹) 1,038.79926.88893.42773.94624.16
Equity (₹ Crores) 1161.001036.13926.44802.54647.23

Financial Charts

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Historical Chart

Shareholding Pattern

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Peer Comparison

CompanyMarket Cap (₹ Crores)Profitability Margin (%)ROCE (%)ROE (%)D/E RatioP/E RatioP/B RatioBook Value per Share (₹)
MERINO INDUSTRIES LTD32257%15%11%0.2524.392.781038.79
GREENLAM INDUSTRIES LTD39745%15%14%0.5348.336.6954.28
CENTURY PLYBOARDS LTD1369010%30%20%0.1450.8410.2469.84

Media Updates

Frequently Asked Questions

The buying and selling of unlisted shares and pre-IPO shares is fully legal and valid. 

The procedure to buy the Merino Industries unlisted shares is fairly simple. Once you have settled on the price and quantity of the transaction, you would have to transfer the funds into the bank account of the seller. 

When the funds are transferred and transaction details are shared with the seller, your demat account will be credited with the shares either on the same day of the fund transfer or before the end of the next working day. 

In the secondary market, the transactions related to unlisted shares take place with the existing owners of the shares who are generally the employees or existing investors in the company. The company itself is not directly involved.  

The Merino Industries shares will get credited either the same day or before the end of the next working day when you transfer the funds into our bank account.

The minimum lot size varies on the basis of market conditions and demand and supply factors. To know the current lot size for Merino Industries Ltd unlisted shares, please visit the stock page on our website: www.delistedstocks.in  

There are many factors which influence the pricing of unlisted shares. Apart from the supply and demand factors, the latest transactions happened on the same stock, last funding round of the company, and valuation level of companies of the similar size affect the pricing of the unlisted shares. 

Before IPO, there is no restriction on sale and transfer of your Merino Industries Ltd unlisted shares. 

But once the shares are listed on the stock exchange, for retail investors, there is a minimum lock-in period 6 months after listing on the stock exchange.  

Once the selling price and quantity of shares is agreed with us, we will provide you with an UTR number to transfer the shares. Once you have transferred the shares into our company’s demat account, funds are released into your bank account within 24 hours or before the end of the next working day of the transfer of the shares. 

If your holding period is less than 2 years, then such income is treated as business income and liable to get taxed as per tax slab of the investor. 

If your holding period is more than 2 years, then your profits would be subject to long-term capital gains tax. The current short-term capital gain tax rate is 20% after indexation.

The trading in unlisted shares is governed by Securities & Contract (Regulation) Act, which comes under the preview of SEBI.  The SEBI regulations become applicable when the stocks of the company get listed on the stock exchange. There is a minimum lock-in period of 6 months for pre-IPO investors. 

The major risk associated with investing in unlisted stocks is the liquidity risk. The possible exit route for investors is either to sell to another investor or wait till the company gets listed on the stock exchange. 

Yes, NRI’s can also buy and sell Merino Industries Ltd unlisted shares just like domestic investors. But their investment is on a non-repatriable basis. 

 

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