Merino Industries Limited
Company Overview
Merino is a leader in the country’s laminate segment by capacity, quality and recall. The brand is respected for its wide and deep portfolio, choice across price points, aesthetics, best-in-class quality and innovation in products and services. The Group enhanced visibility across more than 10,000 retail outlets through printed collateral, product display at points of sale and engagement meets with channel partners.
| id | company_master_id | company | shareholder | sharesNo | shareHolding | dateOfUpdate |
|---|---|---|---|---|---|---|
| 171 | 41 | Merino Industries Limited | Promoters | 10644804 | 0 | 2021-03-31 |
| 172 | 41 | Merino Industries Limited | Public | 533875 | 0 | 2021-03-31 |
| id | company_master_id | company | shareholder | sharesNo | shareHolding | dateOfUpdate |
Revenue Segment
Share Holding
Revenue & Margins
% Margins
Company Financials
| Profit and Loss Account (₹ in Crores) | 2019 | 2020 | 2021 |
|---|---|---|---|
| Revenue from Operations | 1472.13 | 1473.72 | 1296.88 |
| Other Income | 19.63 | 15.19 | 41.98 |
| Total Income | 1491.76 | 1488.92 | 1338.86 |
| Cost of Operations | 771.38 | 741 | 652.59 |
| EBITDA | 260.76 | 235.73 | 251.77 |
| EBITDA % | 17.48 | 15.83 | 18.8 |
| EBIT | 218.41 | 175.96 | 195.08 |
| EBIT % | 14.64 | 11.82 | 14.57 |
| PBT | 201.1 | 157.62 | 176.91 |
| PBT % | 13.48 | 10.59 | 13.21 |
| TAX | 60.27 | 29.68 | 45.06 |
| NPAT | 140.83 | 127.94 | 131.85 |
| NPAT % | 9.44 | 8.59 | 9.85 |
| EPS (Basic) in ₹ | 121.94 | 108.58 | 117.95 |
| EPS (Diluted) in ₹ | 121.94 | 108.58 | 117.95 |
| Dividend Per Share (in ₹) | 3.5 | 3.5 | 6 |
Sources of funds
Application of funds
| Balance Sheet (₹ in Crores) | 2019 | 2020 | 2021 |
|---|---|---|---|
| Share Capital | 10.47 | 10.47 | 11.28 |
| Reserves | 711.23 | 821.04 | 1024.85 |
| Networth | 721.7 | 831.51 | 1036.13 |
| Long Term Borrowings | 30.23 | 66.01 | 38.71 |
| Short Term Borrowings | 168.86 | 144.12 | 124.8 |
| Current Liabilities | 403.41 | 433.39 | 401.7 |
| Non-Current Assets | 597.58 | 722.88 | 864.29 |
| Current Assets | 686.42 | 751.79 | 647.05 |
| Total Assets | 1284 | 1474.67 | 1511.34 |
| Cash Bank Balance | 12.05 | 42.67 | 23.9 |
| Trade Receivables | 196.25 | 177.46 | 151.61 |
| Trade Payables | 169.26 | 191 | 185.18 |
| Inventory | 393.55 | 439.32 | 345.39 |
| Cash Flow Statement (₹ in Crores) | 2019 | 2020 | 2021 |
|---|---|---|---|
| Cash flow from operating Activities | 152.87 | 170.29 | 330.71 |
| Cash flow from Investing Activities | -138.38 | -135.35 | -267.97 |
| Cash flow from Financing Activities | -12.43 | -25.25 | -71.02 |
| Net Cash-Flow | 2.06 | 9.69 | -8.28 |
KEL %
2020
2019
SHEELA %
2020
2019
| Price Multiples as on 2021-05-08 | |
|---|---|
| Face Value Per Share (in ₹) | 10 |
| Price Per Share (in ₹) | 2800 |
| P/E | 23.74 |
| P/B | 3.02 |
| Dividend Yield | 0.21 % |
| Price / Sales | 2.41 |
| Market Cap (₹ in Crores) | 3130 |
Interesting Quote / Trivial Information about the company's unlisted shares
Source Name
Additional details
Peer Comparison
| Profit and Loss Account (₹ in Crores) | 2021 | 2020 | 2019 | |||
|---|---|---|---|---|---|---|
| Merino | Greenlam | Merino | Greenlam | Merino | Greenlam | |
| Revenue from Operations | 1296.88 | 1199.59 | 1473.72 | 1320.58 | 1472.13 | 1280.71 |
| Other Income | 41.98 | 7.56 | 15.19 | 4.42 | 19.63 | 1.52 |
| Total Income | 1338.86 | 1207.15 | 1488.92 | 1325 | 1491.76 | 1282.23 |
| Cost of Operations | 652.59 | 601.6 | 741 | 670.4 | 771.38 | 687.78 |
| EBITDA | 251.77 | 180.85 | 235.73 | 182.66 | 260.76 | 160.05 |
| EBITDA % | 18.8 | 14.98 | 15.83 | 13.79 | 17.48 | 12.48 |
| EBIT | 195.08 | 125.29 | 175.96 | 130.17 | 218.41 | 123.21 |
| EBIT % | 14.57 | 10.38 | 11.82 | 9.82 | 14.64 | 9.61 |
| PBT | 176.91 | 108.37 | 157.62 | 108.33 | 201.1 | 106.25 |
| PBT % | 13.21 | 8.98 | 10.59 | 8.18 | 13.48 | 8.29 |
| TAX | 45.06 | 22.28 | 29.68 | 21.66 | 60.27 | 29.14 |
| NPAT | 131.85 | 73.69 | 127.94 | 86.67 | 140.83 | 77.11 |
| NPAT % | 9.85 | 6.1 | 8.59 | 6.54 | 9.44 | 6.01 |
| EPS (Basic) in ₹ | 117.95 | 30.56 | 108.58 | 35.91 | 121.94 | 31.95 |
| EPS (Diluted) in ₹ | 117.95 | 30.56 | 108.58 | 35.91 | 121.94 | 31.95 |
| Dividend Per Share (in ₹) | 6 | 5 | 3.5 | 4 | 3.5 | 3 |
| Balance Sheet (₹ in Crores) | 2021 | 2020 | 2019 | |||
|---|---|---|---|---|---|---|
| Merino | Greenlam | Merino | Greenlam | Merino | Greenlam | |
| Share Capital | 11.28 | 12.07 | 10.47 | 12.07 | 10.47 | 12.07 |
| Reserves | 1024.85 | 561.41 | 821.04 | 488.6 | 711.23 | 416.34 |
| Networth | 1036.13 | 573.48 | 831.51 | 500.67 | 721.7 | 428.41 |
| Long Term Borrowings | 38.71 | 83.79 | 66.01 | 82 | 30.23 | 72.65 |
| Short Term Borrowings | 124.8 | 164.62 | 144.12 | 212.16 | 168.86 | 197.06 |
| Current Liabilities | 401.7 | 443.97 | 433.39 | 432.62 | 403.41 | 385.53 |
| Non-Current Assets | 864.29 | 496.33 | 722.88 | 465.54 | 597.58 | 391.6 |
| Current Assets | 647.05 | 681.72 | 751.79 | 648.58 | 686.42 | 547.3 |
| Total Assets | 1511.34 | 1178.05 | 1474.67 | 1114.11 | 1284 | 938.91 |
| Cash Bank Balance | 23.9 | 18.72 | 42.67 | 30.74 | 12.05 | 10.62 |
| Trade Receivables | 151.61 | 135.11 | 177.46 | 137.8 | 196.25 | 176.62 |
| Trade Payables | 185.18 | 222.76 | 191 | 174.46 | 169.26 | 161.25 |
| Inventory | 345.39 | 378.11 | 439.32 | 371.03 | 393.55 | 307.55 |
| Cash Flow Statement (₹ in Crores) | 2021 | 2020 | 2019 | |||
|---|---|---|---|---|---|---|
| Merino | Greenlam | Merino | Greenlam | Merino | Greenlam | |
| Cash flow from operating Activities | 330.71 | 213.04 | 170.29 | 98.1 | 152.87 | 64.11 |
| Cash flow from Investing Activities | -267.97 | -154.17 | -135.35 | -55.85 | -138.38 | -57.11 |
| Cash flow from Financing Activities | -71.02 | -70.87 | -25.25 | -22.06 | -12.43 | -6.08 |
| Net Cash-Flow | -8.28 | -12 | 9.69 | 20.18 | 2.06 | 0.92 |
| Price Multiples as on 2021-09-14 | Merino | Greenlam |
|---|---|---|
| Face Value Per Share | 10 | 5 |
| Price | 3150 | 1404 |
| P/E | 26.71 | 45.94 |
| P/B | 3.4 | 5.91 |
| Dividend Yield | 0.19 % | 0.36 % |
| Price / Sales | 2.71 | 2.83 |
| Market Cap (₹ in Crores) | 3521 | 3389 |
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