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UNLISTED COMPANY PROFILE

MERINO INDUSTRIES LIMITED

MATERIALS LINE
INDICATIVE PRICE / SHARE
₹2,575
▲ +0.0% · 30-DAY
OTC REFERENCE PRICE · NOT AN OFFER TO DEAL
PRICE AS OF 02 SEPT 2026
VIEW DATA METHOD →
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INDICATIVE PRICE HISTORY · DATED OBSERVATIONS SINCE 2021

PRICE HISTORY.

Use the left and right arrow keys to inspect dated observations. Home selects the first observation and End selects the latest.

₹3,600
₹2,575
23 Nov 2130 Apr 2602 Sept 26

ALL-TIME LOW
₹2,575
ALL-TIME HIGH
₹3,600
WINDOW
ALL
NOT A STOCK-EXCHANGE QUOTE · NOT AN OFFER TO DEAL
THE TIMETABLE · KEY NUMBERS

Key numbers

Published fundamentals and the date each figure was recorded.

CALCULATION METHOD →
Market cap
₹2,879 Cr
Latest available company data
Min. investment
₹12,875
Indicative price × lot size
Lot size
5
P/B ratio
2.11
EPS
-6.55
ROE
-0.52%
Book value
₹1223.11
Face value
₹10
Debt / equity
0.52
ISIN
INE662B01017
Company security identifier
THE BUSINESS · HOW IT EARNS

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.

About this 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. Its Interior Solutions segment, the core of the company, produces decorative laminates, plywood, particle boards, restroom cubicles, lockers and allied building-material products sold under the Merino brand. The company is widely described as among the leading laminate manufacturers and exporters in the country, supplying architects, furniture makers, contractors and retail customers through an extensive dealer and distributor network spanning many states and dozens of export markets. Manufacturing is spread across multiple integrated facilities, including units at Hapur in Uttar Pradesh, Rohad in Haryana, Hosur in Tamil Nadu and Dahej in Gujarat. Beyond surfaces, Merino operates an Agro and food-solutions business covering cold storage, contract farming, biotechnology and processed-food products, including consumer brands in the packaged-food space. A smaller IT and business-services arm provides consulting and technology offerings, contributing a modest share of overall revenue and reflecting the group's effort to diversify beyond its industrial base. Merino's appeal in the unlisted market stems from its long operating history, established brand, vertically integrated manufacturing footprint and a multi-decade track record in a building-materials category tied to housing, real estate and interior-fit-out demand. As a profitable, dividend-paying company that has historically remained privately held, it is among the more closely watched names traded on unlisted-share platforms, where investors track its fundamentals ahead of any potential future public listing. The indicative price quoted on unlisted marketplaces is over-the-counter market data that reflects buyer and seller interest at a given time. It is not an official exchange quotation, can move sharply with limited liquidity, and should be treated only as a reference point alongside the company's disclosed financials.

COMPANY AT A GLANCE
Sector lineMaterials
SettlementNSDL / CDSL
Incorporated1965
Listing statusUnlisted / Pre-IPO
*INDICATIVE · TIMELINE MAY CHANGE · NOTHING FINAL UNTIL THE RHP

COMPANY REGISTRY · ON FILE

PUBLIC OR ADMIN-SUPPLIED DATA · VERIFY INDEPENDENTLY
CIN
U51909WB1965PLC026556
PAN
AAACC9186C
Incorporated
1965
Outstanding shares
1,11,78,679 (11,178,679) equity shares
Registered office
5, Alexandra Court, 60/1, Chowringhee Road, Kolkata, West Bengal 700020, India
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THE LOGBOOK · FINANCIALS BY YEAR

WHAT THE ENGINE HAS DONE.

AMOUNT UNIT NOT VERIFIEDFY21FY22FY23FY24FY25
REVENUE1,29,6881,79,6202,17,5502,25,1832,30,139
PAT13,18613,22011,76512,154-732
EPS (₹)118118105109-7
PAT MARGIN10%7%5%5%-0%
CAUTION · AMOUNT UNIT AND FIELD-LEVEL SOURCES HAVE NOT BEEN VERIFIED · DO NOT RELY ON THESE FIGURES WITHOUT CHECKING THE COMPANY FILING

THE CREW · BOARD & MANAGEMENT

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
COMPANY TIMELINE · EVENTS
Rup Chand Lohia was designated Chairman Emeritus and Prakash Lohia was designated Chairman and Managing Director. (18 Jun 2024)
READ THE NOTICE →
Rup Chand Lohia ceased to be Executive Chairman. (31 Dec 2024)
READ THE NOTICE →
THE GLOVEBOX · ANNUAL REPORTS
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NON-BINDING · NO PAYMENT · NOT AN OFFER TO DEAL
RESEARCH DESK · QUESTIONS

COMMON QUESTIONS.

Is Merino Industries Limited listed on the stock exchange?+

No. As of 2 September 2026, Merino Industries Limited is an unlisted company whose shares trade over-the-counter; it would list only if and when it completes an IPO.

What is the Merino Industries Limited unlisted share price?+

As of 2 September 2026, the indicative unlisted share price of Merino Industries Limited is ₹2,575 per share. This is an over-the-counter reference price, not a stock-exchange quote.

What indicative minimum amount is displayed for Merino Industries Limited unlisted shares?+

The displayed unit count is 5 share(s); at the indicative price of about ₹2,575, the displayed amount is approximately ₹12,875. This is a display convention, not evidence of inventory, an order minimum or a quote.

What is the ISIN of Merino Industries Limited?+

The recorded ISIN of Merino Industries Limited is INE662B01017. An ISIN is a 12-character security identifier. Verify it against the issuer and the relevant depository record before using it for any transfer or documentation.

Is trading in Merino Industries Limited unlisted shares legal in India?+

Unlisted shares can be transferred off-market in India, but the legal, tax and compliance position depends on the security, parties, documents and current rules. Verify the intermediary, issuer restrictions and applicable requirements before proceeding.

Is there a lock-in period for unlisted shares?+

A post-listing lock-in may apply under the rules in force at the time. The period and any exemptions can depend on the holder and acquisition, so check the current regulation and the issuer's offer documents rather than relying on a generic period.

Do you guarantee returns?+

No. Unlisted shares carry higher risk and lower liquidity than listed shares. Returns depend on company performance, market conditions and future listing outcomes. This is information only, not investment advice.

SIMILAR COMPANY PROFILES
MATERIALS LINE.
Prices shown are indicative over-the-counter reference prices, not an offer to deal. This page is information only and not investment advice. Unlisted shares carry higher risk and lower liquidity than listed shares. Settlement to your own demat account via NSDL / CDSL through registered intermediaries.
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