Merino Industries Limited Unlisted Share Price
Merino Industries Limited unlisted share price is ₹2,575 per share (indicative, as of 17 Oct 2026). Minimum ticket ₹25,000 (lot of 10 shares), the same for every company. Sector: IT & Industrials. Status: unlisted, no DRHP on record.
All unlisted share prices: dated indicative prices for every company the desk tracks.
Updated 17 Oct 2026, 22:10 IST. Dated dealer references.
BuyUnlistedShares tracks 230 unlisted companies with dated prices; Merino Industries Limited’s indicative price is ₹2,575 per share as of 17 Oct 2026, a lot of 10 shares.
Key facts
- Indicative price
- ₹2,575 per share
- Price as of
- 17 Oct 2026
- Minimum investment
- ₹25,000
- Lot size
- 10 shares
- Sector
- IT & Industrials
- Listing status
- Unlisted
- Settlement
- Demat to demat; terms agreed in writing for each deal
- Last updated
- 17 Oct 2026, 22:10 IST
Indicative and dated. BuyUnlistedShares deals as principal.
Buying at a glance
- Minimum ticket
- ₹25,000
- Price shown
- Indicative, dated 17 Oct 2026
- Delivery
- Shares are credited to your demat account
In plain words
- Lock-in if it lists
- Shares bought before an IPO are generally locked in for six months from the IPO allotment date under SEBI rules. The issue documents set the exact terms.
- Demat
- Yes. ISIN INE662B01017: the shares sit in your own demat account and move demat to demat through NSDL or CDSL.
- IPO status
- Unlisted. No DRHP on record.
Facts only, not a rating or a recommendation.
Compare it against the full unlisted share price list: every company the desk quotes, each with a dated indicative price.
Indicative move: 0.0% over 3 months · -14.1% over 1 year.
Key figures
| Market cap | ₹2,879 Cr |
|---|---|
| Minimum investment | ₹25,000 |
| Lot size | 10 |
| P/E ratio | 8,879.31x |
| ROE | -0.52% |
| Book value | ₹1,223.11 |
| Face value | ₹10 |
| 52-week high | ₹3,250 |
| 52-week low | ₹2,575 |
| ISIN | INE662B01017 |
| Dividend yield | — |
Financials (₹ Cr)
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 2,176 | 2,252 | 2,301 |
| PAT | 118 | 122 | -7.32 |
| EPS (₹) | 105 | 109 | -6.55 |
About the company
Merino Industries Limited is one of India's largest and oldest manufacturers of decorative laminates and engineered interior surfaces. Incorporated in 1965 and headquartered in Kolkata, the company anchors the wider Merino Group, a diversified family-promoted enterprise with deep roots in the surfaces and panel-products industry. The business is organised around three broad divisions.
Prices shown are indicative and dated. Unlisted shares are illiquid and values can move sharply.
Registered in Kolkata, West Bengal.
Registry
- ISIN: INE662B01017
- Depository: NSDL & CDSL
- Listed at: Unlisted
- Price as of: 17 Oct 2026
Company facts
| CIN | U51909WB1965PLC026556 |
|---|---|
| Incorporated | 1965 |
| ISIN | INE662B01017 |
| Face value | ₹10 |
| Registered office | 5, Alexandra Court, 60/1, Chowringhee Road, Kolkata, West Bengal 700020, India |
| Lot size | 10 shares |
| Minimum units | 5 |
| DRHP | Not filed |
Financial statements (₹ Cr)
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 vs FY25 |
|---|---|---|---|---|---|---|
| Revenue | 1,796.2 | 2,175.5 | 2,251.83 | 2,301.39 | 2,520.56 | +9.5% |
| EBITDA | — | 239 | 207 | 105.5 | 143.48 | +36% |
| Profit before tax | — | 174 | 164 | −26.86 | 1.72 | loss to profit |
| Profit after tax | 132.2 | 117.65 | 121.54 | −7.32 | 0.33 | loss to profit |
| EPS (₹) | 118.3 | 105.24 | 108.72 | −6.55 | 0.29 | loss to profit |
| Operating margin | — | — | 9% | 6.9% | — | — |
| Net margin | — | — | 5.4% | −0.3% | — | — |
| Share capital | — | — | 11.28 | 11.28 | — | — |
| Reserves & surplus | — | — | 1,349.05 | 1,345.7 | — | — |
| Net worth | — | — | 1,360.33 | 1,356.98 | — | — |
| Fixed assets | — | — | 1,274.9 | 1,236.78 | — | — |
| Investments | — | — | 177.67 | 107.64 | — | — |
| Trade receivables | — | — | 214.7 | 201.78 | — | — |
| Trade payables | — | — | 266.41 | 246.13 | — | — |
| Cash from operations | — | — | 202.23 | 93.28 | — | — |
| Cash from investing | — | — | −286.94 | −19.28 | — | — |
| Cash from financing | — | — | 93.64 | −102.2 | — | — |
| Net cash generated | — | — | 8.93 | −28.2 | — | — |
Key ratios and valuation
| Measure | Value | Basis |
|---|---|---|
| Indicative price | ₹2,575 | dealer reference, 17 Oct 2026 |
| Market cap | ₹2,879 Cr | as recorded |
| P/E | — | not meaningful |
| P/B | 2.11x | price ÷ book value ₹1,223.11 |
| EPS | ₹0.29 | per share, FY26 |
| Book value | ₹1,223.11 | per share, latest books |
| RoE | −0.52% | return on equity, latest FY |
| Debt / equity | 0.52 | latest balance sheet |
| Dividend yield | — | |
| Face value | ₹10 | per share |
| 52-week range | ₹2,575 – ₹3,250 | 317 dated quotes, last 12 months |
| Shares outstanding | — | not meaningful |
Shareholding pattern
| Category | Holder | % of equity |
|---|---|---|
| Promoters | Promoters | 94.62% |
| Public | Public | 5.38% |
Promoters 94.62% · Public 5.38%
Management and promoters
| Name | Designation | Experience |
|---|---|---|
| Rup Chand Lohia | Executive Chairman | — |
| Prakash Lohia | Managing Director | — |
| Ruchira Lohia | Wholetime Director | — |
| Prasan Lohia | Wholetime Director | — |
| Bikash Lohia | Wholetime Director | — |
| Madhusudan Lohia | Wholetime Director | — |
| Nripen Kumar Dugar | Wholetime Director | — |
| Gautam Bhattacharjee | Independent Director | — |
| Sisir Kumar Chakrabarti | Independent Director | — |
| Bama Prasad Mukhopadhyay | Independent Director | — |
Business model
Merino Industries Limited manufactures laminates, panel products, furniture and potato flakes, and also trades similar and allied products. The FY2024-25 annual report identifies laminates as its most significant segment by both profit and revenue. Its financial-statement notes describe the company as manufacturing and marketing decorative laminates, prelaminated boards, furniture, potato flakes, acrylic solid surface and agricultural produce. Its reported segments include laminates and furniture, potato flakes and other business.
During FY2024-25 it commissioned a Halol plant to manufacture particle board, supporting the panel-products segment. The report associates the year's loss with the capitalisation and associated expenses from the plant setup. The business therefore spans manufacturing, product marketing and related trading across building-material, furniture, food-product and agricultural-product lines, which the report treats as distinct operating segments for disclosure.
News and insights
Corporate actions and events
| Date | Type | Detail | Ratio / amount | Source |
|---|---|---|---|---|
| Undated | Other | Rup Chand Lohia was designated Chairman Emeritus and Prakash Lohia was designated Chairman and Managing Director. (18 Jun 2024) | — | Desk note |
| Undated | Other | Rup Chand Lohia ceased to be Executive Chairman. (31 Dec 2024) | — | Desk note |
Reports and filings
No filings uploaded yet.
Annual reports
- Merino Industries Limited annual report 2024-25 (PDF)
- Merino Industries Limited annual report 2023-24 (PDF)
- Merino Industries Limited annual report 2022-23 (PDF)
Frequently asked questions
What does Merino Industries Limited do?
Merino Industries Limited, incorporated in 1965 and based in Kolkata, is one of India's largest manufacturers and exporters of decorative laminates and interior surface products such as plywood, particle boards and panels. It also runs agro and food-solutions operations covering cold storage, farming and processed foods, and a smaller IT and business-services arm. Products are sold across India and exported to dozens of countries through a wide dealer network.
Is Merino Industries listed, and how are its unlisted shares bought or sold?
Merino Industries Limited is not currently listed or traded on the NSE or BSE main board; it remains an unlisted company. Its shares change hands privately in the over-the-counter unlisted market. Transfers happen demat-to-demat through NSDL/CDSL depository participants. This is general information about how the unlisted market operates, not a recommendation to transact.
What determines the indicative price of Merino Industries unlisted shares?
The indicative price is over-the-counter market data set by supply and demand among buyers and sellers, not an official exchange quotation. It is influenced by the company's financial performance, sector and demand trends in building materials, overall sentiment toward unlisted and pre-IPO shares, and available liquidity. Because trading volumes are limited, indicative prices can change frequently and may differ from one platform to another.
What are the key fundamentals of Merino Industries Limited?
Merino Industries Limited carries CIN U51909WB1965PLC026556 and ISIN INE662B01017, with a face value of ₹10 per equity share. It was incorporated in 1965 and is registered in Kolkata, West Bengal. The company operates multiple manufacturing facilities across India and is recognised as a long-established player in the decorative-laminates and interior-surfaces industry. These details are factual reference points and should be verified against the company's own disclosures.
What is the Merino Industries Limited unlisted share price today?
The indicative over-the-counter reference price is ₹2,575 per share as of 17 Oct 2026. It is a dated dealer reference, refreshed every working day.
Is Merino Industries Limited listed on a stock exchange?
Not yet. Merino Industries Limited changes hands in the unlisted market, over the counter and settle into your demat account through NSDL and CDSL.
What is the minimum investment in Merino Industries Limited?
The minimum ticket is ₹25,000, the same for every company on the site.
What is the ISIN of Merino Industries Limited?
INE662B01017. Holdings are settled in demat form through NSDL and CDSL.
How do I buy Merino Industries Limited unlisted shares?
Send an enquiry with the quantity you have in mind. The desk replies with a dated quote, the paperwork list and the demat steps, and the shares settle demat to demat into your own account.
Is there a lock-in if Merino Industries Limited lists?
Pre-IPO shareholders other than promoters are generally locked in for six months from the date of IPO allotment under SEBI ICDR regulation 17. The final offer document sets the exact terms.
Sources
- Merino Industries Limited annual report 2024-25 · FY 2024-25 · merinogroup.com
- Merino Industries Limited annual report 2023-24 · FY 2023-24 · merinogroup.com
- Merino Industries Limited annual report 2022-23 · FY 2022-23 · merinogroup.com
- BuyUnlistedShares indicative price series for Merino Industries Limited, dated daily · since 12 Sep 2025 (343 dated quotes) · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Merino Industries Limited unlisted share price”, https://buyunlistedshares.com/unlisted-shares/merino-industries-limited, as of 17 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
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