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
7 41 Merino Industries Limited Promoters 9834472 0 2020-03-31
8 41 Merino Industries Limited Public 535128 0 2020-03-31
id company_master_id company shareholder sharesNo shareHolding dateOfUpdate

Revenue Segment

Share Holding

Revenue & Margins

% Margins

Company Financials

Profit and Loss Account (₹ in Crores) 2018 2019 2020
Revenue from Operations 1218.79 1472.13 1473.72
Other Income 20.3 19.63 15.19
Total Income 1239.09 1491.76 1488.92
Cost of Operations 614.73 771.38 741
EBITDA 230.91 260.76 235.73
EBITDA % 18.64 % 17.48 % 15.83 %
EBIT 193.34 218.41 175.96
EBIT % 15.6 % 14.64 % 11.82 %
PBT 179.13 201.1 157.62
PBT % 14.46 % 13.48 % 10.59 %
TAX 58.59 60.27 29.68
NPAT 120.53 140.83 127.94
NPAT % 9.73 % 9.44 % 8.59 %
EPS (Basic) in ₹ 102.98 121.94 108.58
EPS (Diluted) in ₹ 102.98 121.94 108.58
Dividend Per Share (in ₹) 4 4 4

Sources of funds

Application of funds

Balance Sheet (₹ in Crores) 2018 2019 2020
Share Capital 10.47 10.47 10.47
Reserves 569.7 711.23 821.04
Networth 580.17 721.7 831.51
Long Term Borrowings 44.17 30.23 66.01
Short Term Borrowings 144.84 168.86 144.12
Current Liabilities 344.22 403.41 433.39
Non-Current Assets 464.15 597.58 722.88
Current Assets 611.52 686.42 751.79
Total Assets 1075.66 1284 1474.67
Cash Bank Balance 11.99 12.05 42.67
Trade Receivables 181.57 196.25 177.46
Trade Payables 140.07 169.26 191
Inventory 329.77 393.55 439.32
Cash Flow Statement (₹ in Crores) 2018 2019 2020
Cash flow from operating Activities 110.36 152.87 170.29
Cash flow from Investing Activities -107.6 -138.38 -135.35
Cash flow from Financing Activities -7.27 -12.43 -25.25
Net Cash-Flow -4.5 2.06 9.69

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 25.79
P/B 3.49
Dividend Yield 0.14 %
Price / Sales 1.97
Price Multiples as on 2021-05-08
Face Value Per Share (in ₹) 10
Price Per Share (in ₹) 2800
P/E 25.79
P/B 3.49
Dividend Yield 0.14 %
Price / Sales 1.97
Interesting Quote / Trivial Information about the company's unlisted shares
Merino Industries
Source Name
Additional details

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Peer Comparison

Profit and Loss Account (₹ in Crores) 2020 2019 2018
Merino Greenlam Merino Greenlam Merino Greenlam
Revenue from Operations 1473.72 1320.58 1472.13 1280.71 1218.79 1144.73
Other Income 15.19 4.42 19.63 1.52 20.3 1.63
Total Income 1488.92 1325 1491.76 1282.23 1239.09 1146.36
Cost of Operations 741 670.4 771.38 687.78 614.73 598.3
EBITDA 235.73 182.66 260.76 160.05 230.91 150.53
EBITDA % 15.83 13.79 17.48 12.48 18.64 13.13
EBIT 175.96 130.17 218.41 123.21 193.34 114.58
EBIT % 11.82 9.82 14.64 9.61 15.6 10
PBT 157.62 108.33 201.1 106.25 179.13 96.52
PBT % 10.59 8.18 13.48 8.29 14.46 8.42
TAX 29.68 21.66 60.27 29.14 58.59 31.9
NPAT 127.94 86.67 140.83 77.11 120.53 64.62
NPAT % 8.59 6.54 9.44 6.01 9.73 5.6
EPS (Basic) in ₹ 108.58 35.91 121.94 31.95 102.98 26.77
EPS (Diluted) in ₹ 108.58 35.91 121.94 31.95 102.98 26.77
Dividend Per Share (in ₹) 4 4 4 3 4 3
Balance Sheet (₹ in Crores) 2020 2019 2018
Merino Greenlam Merino Greenlam Merino Greenlam
Share Capital 10.47 12.07 10.47 12.07 10.47 12.07
Reserves 821.04 488.6 711.23 416.34 569.7 344.07
Networth 831.51 500.67 721.7 428.41 580.17 356.13
Long Term Borrowings 66.01 82 30.23 72.65 44.17 80.75
Short Term Borrowings 144.12 212.16 168.86 197.06 144.84 170.89
Current Liabilities 433.39 432.62 403.41 385.53 344.22 349.02
Non-Current Assets 722.88 465.54 597.58 391.6 464.15 352.89
Current Assets 751.79 648.58 686.42 547.3 611.52 470.44
Total Assets 1474.67 1114.11 1284 938.91 1075.66 823.32
Cash Bank Balance 42.67 30.74 12.05 10.62 11.99 10.4
Trade Receivables 177.46 137.8 196.25 176.62 181.57 170.55
Cash Flow Statement (₹ in Crores) 2020 2019 2018
Merino Greenlam Merino Greenlam Merino Greenlam
Cash flow from operating Activities 170.29 98.1 152.87 64.11 110.36 108.74
Cash flow from Investing Activities -135.35 -55.85 -138.38 -57.11 -107.6 -37.59
Cash flow from Financing Activities -25.25 -22.06 -12.43 -6.08 -7.27 -69.27
Net Cash-Flow 9.69 20.18 2.06 0.92 -4.5 1.88
Price Multiples as on 2021-05-06 Merino Greenlam
Face Value Per Share 10 5
Price 2750 1021.5
P/E 25.33 28.45
P/B 3.43 4.92
Dividend Yield 0.15 % 0.39 %
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