MI

Merino Industries

531299 BSE
Price unavailable
No price data available

Tapetide Score

Data-driven rating, 0–100. How it works →

No Tapetide Score has been computed for this stock yet.

Key Insights

Weaknesses

1
  • The company has delivered a poor sales growth of 11.8% over past five years.

Technical Indicators

Oscillators

BearishNeutralBullish

Bearish

Bearish
2
Neutral
7
Bullish
0

Overall

BearishNeutralBullish

Bearish

Bearish
11
Neutral
7
Bullish
1

Moving Averages

BearishNeutralBullish

Bearish

Bearish
9
Neutral
0
Bullish
1

Growth Rate

Revenue Growth
22% higher than 3Y

change over 1 year

Net Income Growth
28% higher than 3Y

change over 1 year

Quarterly Results

Particulars Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
11,836
12,255
13,050
13,764
14,203
14,633
15,041
15,369
15,770
15,860
16,285
16,628
17,102
Expenses
5,860
6,202
5,161
5,150
5,158
5,378
4,994
5,144
5,102
5,097
4,880
5,108
5,492
Financing Profit
-359
-683
543
611
661
646
1,186
1,072
1,323
1,295
1,481
1,480
1,407
Fin. Margin %
-3%
-6%
4%
4%
5%
4%
8%
7%
8%
8%
9%
9%
8%
Other Income
1,926
2,161
1,871
2,166
2,113
2,432
2,077
2,602
2,397
2,935
1,854
2,643
2,793
Interest
6,335
6,736
7,346
8,003
8,383
8,609
8,861
9,154
9,345
9,467
9,924
10,040
10,203
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
1,567
1,477
2,415
2,777
2,774
3,078
3,263
3,674
3,721
4,230
3,335
4,123
4,199
Tax %
10%
1%
29%
28%
23%
27%
26%
25%
23%
30%
33%
26%
27%
Net Profit
1,455
1,520
1,850
2,069
2,207
2,296
2,571
2,801
2,910
2,982
2,277
3,109
3,148
EPS (₹)
11.68
12.2
14.85
16.61
16.37
17.04
19.08
20.79
21.6
22.14
16.9
23.07
23.36
Gross NPA %
6.53%
5.95%
5.47%
4.97%
4.47%
3.95%
3.77%
3.48%
3.26%
3.09%
3.01%
2.6%
2.23%
Net NPA %
1%
0.9%
0.7%
0.6%
0.53%
0.43%
0.39%
0.27%
0.21%
0.19%
0.18%
0.16%
0.15%
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2006Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Sales
149
288
327
381
415
472
559
626
650
706
802
978
Expenses
135
266
282
361
375
418
498
543
543
589
677
828
Operating Profit
14
22
45
20
40
53
61
83
107
118
125
150
OPM %
9%
8%
14%
5%
10%
11%
11%
13%
16%
17%
16%
15%
Other Income
2
5
-5
36
5
5
5
16
12
18
12
11
Interest
4
15
10
11
15
16
16
16
14
12
14
15
Depreciation
4
9
9
10
11
14
15
16
17
21
28
29
PBT
8
4
21
36
20
28
35
66
87
103
95
117
Tax %
38%
62%
30%
33%
29%
29%
38%
36%
32%
27%
29%
26%
Net Profit
5
1
14
24
14
20
22
43
59
75
68
86
Div. Payout %
42%
0%
32%
7%
15%
8%
7%
4%
6%
5%
5%
4%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2006Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Equity Capital
10
10
10
10
10
10
10
10
10
10
10
10
Reserves
36
48
57
79
91
110
130
170
225
308
375
476
Borrowings
50
136
113
125
153
147
145
164
156
167
173
171
Other Liabilities
53
38
59
68
69
70
91
102
106
140
164
198
Total Liabilities
150
232
239
283
323
337
376
447
498
626
722
855
Fixed Assets
47
76
91
97
109
126
129
149
185
257
269
329
CWIP
3
6
3
5
13
5
1
10
18
16
31
20
Investments
2
2
2
2
2
2
2
2
2
18
22
47
Other Assets
98
149
144
180
199
204
244
287
294
335
400
459
Total Assets
150
232
239
283
323
337
376
447
498
626
722
855
Figures in ₹ Crores

Cash Flow

Particulars Mar 2006Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Operating
9
16
52
12
29
35
32
38
91
92
57
98
Investing
-10
-17
-21
-18
-29
-20
-14
-43
-61
-90
-46
-81
Financing
1
13
-36
4
11
-25
-18
4
-28
-5
-13
-21
Net Cash Flow
0
12
-6
-2
11
-10
0
-1
3
-3
-2
-4
Free Cash Flow
-1
-2
28
-6
-3
13
17
-6
28
1
9
15
CFO/OP
81
87
127
115
87
82
67
70
112
101
67
91
Figures in ₹ Crores

Ratios

Particulars Mar 2006Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Debtor Days
71
59
54
55
58
57
60
50
46
47
48
43
Inventory Days
175
158
144
160
154
152
136
177
196
199
226
210
Days Payable
86
50
81
69
66
64
66
59
64
76
88
86
Cash Conversion Cycle
159
168
118
145
146
145
130
168
178
170
186
167
Working Capital Days
116
127
90
103
100
97
94
103
103
101
117
106
ROCE %
—
—
26%
16%
15%
17%
19%
26%
28%
26%
21%
22%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Merino Industries insights

41 extracted metrics + investor summaries across FY06–FY26.

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Shareholding Pattern

Public2.71%Promot.73.84%FIIs5.64%DIIs17.82%As ofDec 2025

Documents

Frequently Asked Questions about Merino Industries

Where is Merino Industries Ltd (531299) listed?
Merino Industries Ltd trades under code 531299 on the BSE.

Company Information

Website merinoindia.com
Face Value ₹ 10

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