Merino Industries Limited

Merino Industries Limited

Ceramics/Marble/Granite/Sanitaryware Unlisted Active
INE662B01017 Est. 1965 Website
Current Price 24 Aug 2026
₹2,575.00

Min lot: 10 shares

Market Cap ₹2,884 Cr
P/E Ratio 8,739.4x
EPS ₹0.29
Face Value ₹10.00
Book Value ₹2,176.99
P/B Ratio 1.18x
Min Lot 10 sh.
Total Debt ₹0 Cr

Price Trend

Period Change
Period High
Period Low

Prices shown are indicative unlisted-market bid prices, updated periodically.

About Merino Industries Limited

The Merino Group, incorporated in 1965 and based in Kolkata, is India's largest manufacturer and exporter of laminates, its manufacturing units are spread across Hapur (Uttar Pradesh), Rohad (Haryana), Dahej (Gujarat) and Hosur (Tamil Nadu). And the company sells into more than 60 countries while maintaining a presence across most Indian states.

With over 2,000 outlets and more than 4,000 dealers, Merino offers a fairly wide range of interior-solution products for offices, homes, commercial spaces and public areas.

Financial Highlights

All figures are in Crores (₹)

FY22FY23FY24FY25FY26 YOY %CAGR %
Net Sales1,7482,1762,2522,3012,521+9.5%+9.6%
Other Income48.329.957.353.640.6-24.3%-4.3%
Total Income1,7962,2052,3092,3552,561+8.8%+9.3%
Operating Profit251.1269.6263.7159.1184.0+15.7%-7.5%
Interest13.228.526.457.955.0-4.9%+42.9%
Depreciation62.867.073.9128.1127.3-0.6%+19.3%
Total Expenditure1,6212,0312,1462,3822,559+7.5%+12.1%
Exceptional Income0.000.000.000.000.00
PBT175.1174.1163.5-26.91.72+106.4%-68.5%
TAX42.956.541.9-19.51.39+107.1%-57.6%
PAT132.2117.6121.5-7.300.33+104.5%-77.6%
EPS (₹)₹118.04₹105.00₹108.48₹-6.52₹0.29+104.5%-77.6%
FY22FY23FY24FY25FY26 YOY %CAGR %
Shareholder Funds1,1611,2481,3601,3572,438+79.7%+20.4%
Total Debt295.1594.6722.3702.50.00-100.0%
Current Liabilities540.2610.5685.4760.4843.8+11.0%+11.8%
Non Current Liabilities195.4215.2245.2278.5236.2-15.2%+4.9%
Total Liabilities1,8692,3102,5992,5272,438-3.5%+6.9%
Current Assets895.41,0101,1211,2501,004-19.7%+2.9%
Non Current Assets1,1811,3101,4501,6111,434-11.0%+5.0%
Total Assets1,8692,3102,5992,5272,438-3.5%+6.9%
FY22FY23FY24FY25FY26 YOY %CAGR %
Cash Flow From Operating Activities235.4265.2295.4330.5236.7-28.4%+0.1%
Cash Flow From Investing Activities-125.4-145.2-165.2-185.4-38.0+79.5%+25.8%
Cash Flow From Financing Activities-98.5-110.2-125.4-142.5-169.4-18.9%-14.5%
Free Cash Flow175.2195.4215.2240.5198.7-17.4%+3.2%
FY22FY23FY24FY25FY26YOY %
ROE(%)11.409.408.90-0.500.00+100.0%
ROCE(%)13.4011.7010.106.307.50+19.0%
ROA(%)7.105.104.70-0.300.00+100.0%
Current Ratio(x)1.701.701.601.601.20-25.0%
Debt / Equity(x)0.250.480.530.520.00-100.0%

No documents available yet.

Net Sales (in Cr.)

Total Income (in Cr.)

Net Profit (in Cr.)

Operating Profit (in Cr.)

Shareholder Funds (in Cr.)

Total Assets (in Cr.)

Operating Cash Flow (in Cr.)

Investing Cash Flow (in Cr.)

Financing Cash Flow (in Cr.)

Free Cash Flow (in Cr.)

Company Information

ISIN INE662B01017
Industry Ceramics/Marble/Granite/Sanitaryware
Category Pre IPO
Incorporated 1965
Min Lot Size 10 shares
Demat Required Yes
ROFR Applicable No

Frequently Asked Questions

How to buy Merino Industries Limited unlisted shares?

You can buy Merino Industries Limited unlisted shares through UnlistedGain by clicking the "Buy Shares" button on this page. Our team will guide you through KYC, payment, and direct share transfer to your demat account.

What is the minimum lot size for Merino Industries Limited?

The minimum lot size for Merino Industries Limited is 10 shares. Transactions are processed in multiples of this quantity.

Is it safe to invest in Merino Industries Limited?

Investing in unlisted shares carries risks including illiquidity and limited public disclosures. Through UnlistedGain, shares are transferred directly to your demat account ensuring ownership security. Always consult a SEBI-registered advisor before investing.

What documents are needed to buy Merino Industries Limited shares?

You will need a valid Demat account, PAN card, and KYC documents. Our team will guide you through the complete verification process after you submit your inquiry.