--- title: "Merritronix Ltd (544773) — Share Price, Financials & Analysis" symbol: "544773" company: "Merritronix Ltd" canonical: "https://tapetide.com/stocks/544773" bse_code: "544773" sector: "Industrials" industry: "Industrial Manufacturing" generated_at: "2026-09-13T18:58:44.947Z" --- # Merritronix Ltd (544773) Canonical page: https://tapetide.com/stocks/544773 ## Company - **BSE Code:** 544773 - **Sector:** Industrials - **Industry:** Industrial Manufacturing - **Macro Sector:** Industrials - **Face Value:** ₹10 - **F&O Eligible:** No - **Website:** merritronix.com ## About Incorporated in October 1988, Merritronix Limited is an Electronics Systems Design and Manufacturing (ESDM) company.[1] ## Latest Price ## Key Insights ### Strengths - Company has a good return on equity (ROE) track record: 3 Years ROE 51.3% ### Weaknesses - Debtor days have increased from 66.2 to 85.6 days. - Working capital days have increased from 41.3 days to 64.2 days ## Growth Rates | Metric | 1Y | 3Y | | --- | --- | --- | | net income growth | 86% | 273% | | revenue growth | 37% | 43% | ## Financial Statements ### Quarterly Results All figures in ₹ crore unless the row name says otherwise. | Item | Sep 2025 | | --- | --- | | Sales | 56 | | Expenses | 48 | | Operating Profit | 8 | | OPM % | 15 | | Other Income | 0 | | Interest | 2 | | Depreciation | 0 | | Profit before tax | 5 | | Tax % | 30 | | Net Profit | 4 | | EPS in Rs | 3.24 | ### Profit & Loss All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | | --- | --- | --- | --- | --- | --- | | Sales | 16 | 53 | 86 | 114 | 156 | | Expenses | 15 | 51 | 79 | 98 | 129 | | Operating Profit | 2 | 2 | 7 | 15 | 27 | | OPM % | 9 | 3.6 | 8 | 13 | 17 | | Other Income | 0 | 0 | 0 | 0 | 0 | | Interest | 1 | 1 | 2 | 3 | 4 | | Depreciation | 0 | 0 | 0 | 0 | 0 | | Profit before tax | 0 | 0 | 4 | 12 | 23 | | Tax % | 5 | 39 | 29 | 30 | 30 | | Net Profit | 0 | 0 | 3 | 9 | 16 | | EPS in Rs | 13.77 | 21.35 | 210.06 | 59.64 | 12.59 | | Dividend Payout % | 0 | 0 | 0 | 0 | 0 | ### Balance Sheet All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | | --- | --- | --- | --- | --- | --- | | Equity Capital | 1 | 1 | 1 | 1 | 13 | | Reserves | 4 | 4 | 7 | 15 | 40 | | Borrowings | 9 | 14 | 16 | 19 | 43 | | Other Liabilities | 11 | 24 | 44 | 39 | 58 | | Total Liabilities | 25 | 44 | 68 | 74 | 154 | | Fixed Assets | 2 | 5 | 4 | 4 | 6 | | CWIP | 0 | 0 | 0 | 0 | 0 | | Investments | 0 | 0 | 0 | 0 | 0 | | Other Assets | 23 | 39 | 64 | 70 | 148 | | Total Assets | 25 | 44 | 68 | 74 | 154 | ### Cash Flow All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | | --- | --- | --- | --- | --- | --- | | Cash from Operating Activity | — | -1 | 5 | -7 | -23 | | Cash from Investing Activity | — | -3 | -2 | 4 | -3 | | Cash from Financing Activity | — | 4 | 0 | 1 | 41 | | Net Cash Flow | — | 0 | 3 | -1 | 15 | | Free Cash Flow | — | -4 | 2 | -7 | -26 | | CFO/OP | — | -39 | 74 | -36 | -72 | ### Ratios | Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | | --- | --- | --- | --- | --- | --- | | Debtor Days | 233 | 161 | 48 | 65 | 86 | | Inventory Days | 304 | 76 | 163 | 156 | 213 | | Days Payable | 295 | 159 | 192 | 58 | 73 | | Cash Conversion Cycle | 242 | 78 | 19 | 164 | 226 | | Working Capital Days | 154 | 51 | 9 | 51 | 64 | | ROCE % | — | 10 | 30 | 51 | 41 | ## Shareholding Pattern ### annual | Category | Jun 2026 | | --- | --- | | Promoters | 62.28% | | FIIs | 2.5% | | DIIs | 7.86% | | Public | 27.37% | | No. of Shareholders | 1000 | ### Quarterly | Category | Jun 2026 | | --- | --- | | Promoters | 62.28% | | FIIs | 2.5% | | DIIs | 7.86% | | Public | 27.37% | | No. of Shareholders | 1000 | ## Filings & Documents ### Other Documents | Date | Document | | --- | --- | | 7 Sep - Newspaper Advertisement with regard to AGM notice | [Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Sep - Newspaper Advertisement with regard to AGM notice](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ba20dcc-9608-4513-ab28-b61fdd6ea4eb.pdf) | | 7 Sep - Annual Report for FY2025-26 submitted to BSE under Regulation 34(1). | [Reg. 34 (1) Annual Report. 7 Sep - Annual Report for FY2025-26 submitted to BSE under Regulation 34(1).](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ef3662e3-7505-465b-8627-8cef2d5c8d89.pdf) | | 3 Sep - Board approved AGM on 30 Sep 2026, auditor appointments, MD remuneration revision, and ₹7 crore working capital facilities. | [Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Merritronix Ltd (''Company'') Held On 3Rd September, 2026 3 Sep - Board approved AGM on 30 Sep 2026, auditor appointments, MD remuneration revision, and ₹7 crore working capital facilities.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=55219cc5-8fb2-417e-8e64-0a65509db5ce.pdf) | | 29 Jun - Merritronix signed MOUs with Analinear Design Technologies and Stuam Technologies for manufacturing services in India. | [Announcement Under Regulation 30 (LODR)-Memorandum Of Understanding /Agreements 29 Jun - Merritronix signed MOUs with Analinear Design Technologies and Stuam Technologies for manufacturing services in India.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=55f67257-0ba2-48dd-9709-4fa10f3894b8.pdf) | | 24 Jul - Merritronix held virtual investor meetings on July 23, 2026; no UPSI disclosed. | [Announcement Under Regulation 30 (LODR)-Investor Meet - Outcome 24 Jul - Merritronix held virtual investor meetings on July 23, 2026; no UPSI disclosed.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fa1b3439-5528-4bfa-bd18-cce436b764c1.pdf) | | 17 Jul - Merritronix will attend a virtual investor meet on July 23, 2026 at 4:00 PM. | [Disclosure under Regulation 30A of LODR 17 Jul - Merritronix will attend a virtual investor meet on July 23, 2026 at 4:00 PM.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6140ea8b-115f-4b45-9a07-b33bf83a032c.pdf) | | 15 Jul - Filed Regulation 74(5) certificate for quarter ended 30 June 2026; shares remain fully in demat form. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 15 Jul - Filed Regulation 74(5) certificate for quarter ended 30 June 2026; shares remain fully in demat form.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=da80ac3c-a3f6-46fd-b52c-377ee4b40cfc.pdf) | | 11 Aug - Submitted first monitoring agency report for June 30, 2026; no deviation in IPO proceeds usage. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 11 Aug - Submitted first monitoring agency report for June 30, 2026; no deviation in IPO proceeds usage.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=80d557d8-722e-4905-ae6d-4dbc2c059d40.pdf) | | 1 Jul - Merritronix appointed EquiBridgeX Advisors as investor and public relations agency from July 1, 2026. | [Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015- Appointment Of Equibridgex Advisors Private Limited As Investor And Public Relations Agency Of The Company W.E.F 01.07.2026 1 Jul - Merritronix appointed EquiBridgeX Advisors as investor and public relations agency from July 1, 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7bcdca5e-913c-4d99-92b0-813f6aec50c1.pdf) | | — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 21 Aug](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=402fdba5-ea36-494f-afec-c8550088ea05.pdf) | --- Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:58:44.947Z.