MERINO LAMINATES LTD
Last Traded Price
₹3250.00 ( 0.00 % )
Principles
Company Name
MERINO LAMINATES LTD
ISIN No.
INE662B01017
No. of Outstanding Shares
11178679
PAN No.
AAACC9186C
Face Value
₹ 10.00
EPS
₹108.72
PE ratio
29.43
P/S Ratio
1.55
Market Capitalization (in Cr)
₹3577.18
Book value
₹1216.89
P/BV
2.63
DRHP Filed?
No
Available on
NSDL CDSL
Sector
BUILDING MATERIALS
CIN
U51909WB1965PLC026556
Registration Date
July 9, 1965
Stock Performance
Stock Price Over Time
Share 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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