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MERINO INDUSTRIES LTD.
Last Traded Price
₹3250.00 ( 0.00 % )
Principles
Company Name
MERINO INDUSTRIES
Market Cap
₹ 3633.00
ISIN No.
INE662B01017
No. of Outstanding Shares
11178679
PAN No.
AAACC9186C
PE ratio
NA
CIN
U51909WB1965PLC026556
Book value
₹ 1223.11
Sector
BUILDING MATERIALS
P/BV
2.66
DRHP Filed?
No
P/S Ratio
None
Available on
NSDL CDSL
EPS
₹ -6.21
Registration Date
July 9, 1965
Face Value
₹ 10.00
Stock Performance
Company Details
COMPANY SNAPSHOT
Merino Industries Ltd. is a multifaceted, sustainability-focused company with strong footing in laminates, restroom systems, agro-processing, and IT services. It’s distinguished by turnkey manufacturing capabilities, rapid growth, and deep commitment to eco-friendly, socially responsible operations.
- Established: 1965 in Kolkata, West Bengal
- Headquarters & Operations: Corporate office in Kolkata; major manufacturing plants at Hapur (UP), Rohad (Haryana), Hosur (TN), and Dahej (Gujarat)
- Employees: Approximately 5,000–10,000 nationwide
- Annual Turnover: Around US $250 million (INR ₹1,900–2,000 crore)
Core Business Verticals
Decorative Laminates & Surfacing Solutions
- India’s largest decorative laminates manufacturer with ~171–215 million sheets/year capacity
- Offers high-pressure, low-pressure, compact sheets, veneers, fabrics over 10,000 SKUs
- Products deployed in interior design, furniture, and public installations—e.g., airports, metros, hotels
Restroom Cubicle Systems
- Pioneer and market leader in India with over 30,000 installations
- Collaborates with Besco Systems (Singapore) for global-quality solutions
Food & Agro (Vegit Brand)
- Agriculture division processes potatoes into flakes/snacks; vertically integrated from seed to product
- Produces ~8,000 MT of potato flakes annually at Hapur plant
Information Technology
- IT subsidiary provides enterprise software & consulting across 44+ countries
Recent Highlights & Financials
- Growth: FY 2023 revenue ↑4.7%, net profit ↑3.3%, net worth ↑8.9% year-over-year
- Strategic Move (2021): Merger with subsidiary Merino Panel Products Ltd. to align operations and improve efficiency
Market Reach & Infrastructure
- Global presence in 80+ countries with over 4,000 dealers and 2,000 domestic outlets
- Facilities certified ISO 9001/14001/18001; digital-first strategy with advanced display units and tools
INDUSTRY OUTLOOK
Market Size & Growth
- Current Size (2024): ₹15,800–₹18,300 crore
- Projected by 2033: ₹24,800–₹25,700 crore
- Growth Rate: 5–7% CAGR over the next decade
Growth Drivers
- Increasing urbanization, rise in modular furniture demand
- Tier-II/III city real estate and interior upgrades
- Growth in eco-friendly laminates (low-VOC, recycled, FSC-certified)
- Preference shift toward digital, textured, glossy, and HPL (High Pressure Laminate) variants
Restroom Cubicle Systems & Premium Sanitaryware
Market Snapshot
- Estimated organised restroom partition market size: ₹800–₹1,200 crore (2024)
- Premium bathroom and sanitary fittings market: over ₹12,000 crore in India and growing at 8–10% CAGR
- Luxury fittings (incl. smart toilets): projected to grow >12% annually in top cities
Growth Drivers
- Rising number of airports, malls, metros, offices, schools, and hospitals
- Focus on modular, privacy-enhanced, hygienic public restrooms
- Premium demand driven by rising income, aspirations, and real estate sophistication
Trends
- Smart toilets, sensor-based cubicles, touchless accessories
- Wider adoption of HPL partitions due to moisture/fire resistance
- Public & commercial projects now specifying restroom cubicle systems as standard
LATEST SHAREHOLDING
- Promoters: 95,98,688 shares – 85.87%
- Public / Others: 15,79,991 shares – 14.13%
- Total: 1,11,78,679 shares – 100%
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