---
title: "Mohan Meakin Ltd (590039) — Share Price, Financials & Analysis"
symbol: "590039"
company: "Mohan Meakin Ltd"
canonical: "https://tapetide.com/stocks/590039"
isin: "INE136D01018"
bse_code: "590039"
generated_at: "2026-10-13T11:02:32.142Z"
---

# Mohan Meakin Ltd (590039)

Canonical page: https://tapetide.com/stocks/590039

## Company

- **BSE Code:** 590039
- **ISIN:** INE136D01018
- **Stock Type:** EQUITY
- **Face Value:** ₹5
- **F&O Eligible:** No

## About

Mohan Meakin Ltd. is engaged in manufactures and markets all types of beer and brands of Indian made foreign spirit (IMFS), besides blended malt whiskies, rum, gin and vodka.

## Latest Price

## Key Insights

### Strengths

- Company has delivered good profit growth of 56.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.7%

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -23% | 77% | 57% |
| revenue growth | 8% | 15% | 12% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 144.52 | 124.23 | 75.42 | 95.34 | 144.37 | 127.81 | 77.67 | 96.06 |
| Expenses | 138.53 | 134.17 | 76.51 | 92.46 | 134.28 | 129.46 | 76.26 | 94.01 |
| Operating Profit | 5.99 | -9.94 | -1.09 | 2.88 | 10.09 | -1.65 | 1.41 | 2.05 |
| OPM % | 4.14 | -8 | -1.45 | 3.02 | 6.99 | -1.29 | 1.82 | 2.13 |
| Other Income | 1.11 | 21.62 | 0.34 | 0.65 | 0.64 | 7.35 | 0.53 | 0.73 |
| Interest | 2.82 | 2.85 | 2.74 | 2.78 | 2.7 | 2.77 | 2.32 | 2.2 |
| Depreciation | 0.63 | 2.06 | 0.69 | 0.58 | 0.86 | 0.88 | 0.69 | 0.76 |
| Profit before tax | 3.65 | 6.77 | -4.18 | 0.17 | 7.17 | 2.05 | -1.07 | -0.18 |
| Tax % | 0 | 31.02 | 0 | 0 | 0 | 71.71 | 0 | 0 |
| Net Profit | 3.65 | 4.67 | -4.18 | 0.17 | 7.17 | 0.58 | -1.07 | -0.18 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 321 | 388 | 376 | 399 | 408 | 441 | 465 | 524 | 660 | 710 |
| Expenses | 336 | 386 | 403 | 397 | 413 | 436 | 451 | 515 | 611 | 667 |
| Operating Profit | -15 | 2 | -27 | 2 | -5 | 5 | 14 | 9 | 49 | 43 |
| OPM % | -4.6 | 0.5 | -7 | 0.5 | -1.3 | 1.1 | 3.1 | 1.6 | 7 | 6 |
| Other Income | 38 | 1 | 50 | -10 | 26 | 14 | 5 | 23 | 9 | 7 |
| Interest | 8 | 10 | 11 | 11 | 11 | 11 | 9 | 7 | 3 | 3 |
| Depreciation | 4 | 5 | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 5 |
| Profit before tax | 11 | -11 | 10 | -23 | 6 | 5 | 7 | 22 | 51 | 42 |
| Tax % | 21 | -32 | 60 | -14 | 36 | 28 | 29 | 30 | 32 | 37 |
| Net Profit | 8 | -7 | 4 | -19 | 4 | 4 | 5 | 16 | 35 | 26 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 38 | 30 | 34 | 15 | 18 | 22 | 37 | 53 | 88 | 114 |
| Borrowings | 67 | 72 | 77 | 87 | 75 | 63 | 53 | 34 | 16 | 13 |
| Other Liabilities | 93 | 108 | 114 | 106 | 95 | 107 | 104 | 113 | 122 | 124 |
| Total Liabilities | 202 | 214 | 230 | 212 | 193 | 196 | 198 | 205 | 230 | 255 |
| Fixed Assets | 25 | 24 | 29 | 23 | 30 | 32 | 29 | 30 | 47 | 53 |
| CWIP | 6 | 12 | 5 | 5 | 6 | 6 | 7 | 6 | 8 | 9 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 2 |
| Other Assets | 171 | 179 | 195 | 183 | 156 | 158 | 160 | 166 | 173 | 191 |
| Total Assets | 202 | 214 | 230 | 212 | 193 | 196 | 198 | 205 | 230 | 255 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -4 | 9 | -14 | -2 | 21 | 28 | 25 | 29 | 49 | 15 |
| Cash from Investing Activity | 16 | -5 | 21 | 1 | 1 | -5 | -6 | -3 | -23 | -9 |
| Cash from Financing Activity | -11 | -4 | -5 | -1 | -23 | -23 | -18 | -25 | -20 | -5 |
| Net Cash Flow | 1 | 0 | 3 | -2 | -1 | 1 | 2 | 1 | 6 | 1 |
| Free Cash Flow | 11 | 4 | 8 | -3 | 21 | 23 | 19 | 25 | 25 | 5 |
| CFO/OP | 10 | 572 | 40 | -187 | -472 | 646 | 178 | 356 | 114 | 64 |

### Ratios

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 104 | 82 | 91 | 80 | 62 | 53 | 42 | 40 | 29 | 35 |
| Inventory Days | 87 | 73 | 74 | 66 | 56 | 53 | 56 | 49 | 48 | 49 |
| Days Payable | 103 | 83 | 93 | 83 | 71 | 78 | 65 | 59 | 48 | 46 |
| Cash Conversion Cycle | 88 | 72 | 72 | 64 | 48 | 28 | 33 | 31 | 29 | 38 |
| Working Capital Days | 74 | 55 | 67 | 60 | 46 | 31 | 23 | 23 | 18 | 27 |
| ROCE % | 2 | 5 | 0 | 4 | 6 | 12 | 17 | 22 | 53 | 37 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 47.78% | 47.61% | 47.35% | 47.35% | 47.31% | 46.75% | 46.75% | 46.75% | 43.75% | 43.75% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1.35% | 5.3% | 6.62% |
| DIIs | 10.36% | 10.36% | 10.36% | 10.36% | 10.36% | 10.28% | 10.05% | 12.55% | 13.15% | 13.14% |
| Public | 41.86% | 42.04% | 42.28% | 42.28% | 42.33% | 42.97% | 43.2% | 39.35% | 37.78% | 36.48% |
| No. of Shareholders | 788 | 1899 | 2221 | 2174 | 2128 | 2467 | 3043 | 36292 | 43808 | 49226 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 46.75% | 46.75% | 46.75% | 46.75% | 46.75% | 46.75% | 43.75% | 43.75% | 43.75% | 43.75% | 43.75% | 43.75% |
| FIIs | 0% | 0.03% | 0.08% | 1.07% | 1.35% | 1.99% | 4.27% | 4.5% | 5.3% | 5.88% | 5.99% | 6.62% |
| DIIs | 10.05% | 9.59% | 9.29% | 13.07% | 12.55% | 11.8% | 12.74% | 13.06% | 13.15% | 13.34% | 13.23% | 13.14% |
| Public | 43.2% | 43.63% | 43.88% | 39.11% | 39.35% | 39.46% | 39.24% | 38.69% | 37.78% | 37.02% | 37.01% | 36.48% |
| No. of Shareholders | 3043 | 4672 | 8218 | 22627 | 36292 | 40419 | 47013 | 46348 | 43808 | 46039 | 51290 | 49226 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-24 | [Redemption Of Commercial Papers](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b88ab777-5265-44c7-a0b6-ed05ecac73ca.pdf) |
| 2026-02-21 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e98b73fd-3e15-4e93-a338-376400bd9019.pdf) |
| 2026-02-17 | [Record Date Intimation For Commercial Paper](https://www.bseindia.com/xml-data/corpfiling/AttachHis/abee1cca-67db-49b9-94a5-34b8ee52e040.pdf) |
| 2026-02-12 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8d87a53f-e111-4279-8a63-57e82851ce7f.pdf) |
| 2026-02-10 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/428155e2-9b59-471a-acb4-fbec96e7623c.pdf) |
| 2026-02-09 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f8171e26-761d-4f5f-a0d0-d8e92647aef5.pdf) |
| 2026-02-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7e84afd8-3d77-49aa-84a6-ad328beec634.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachLive/cbf0d5bd-bff0-4eb9-b85d-4c3e72d45278.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/57cd0a7f-dec6-4e16-bcef-826f40c089e7.pdf) |
| 2024 | [Financial Year 2024](https://archives.nseindia.com/annual_reports/AR_24252_SHRIPISTON_2023_2024_01072024172524.pdf) |
| 2023 | [Financial Year 2023](https://archives.nseindia.com/annual_reports/AR_22011_SHRIPISTON_2022_2023_13062023202838_06132023210000.zip) |
| 2022 | [Financial Year 2022](https://archives.nseindia.com/annual_reports/AR_20011_SHRIPISTON_2021_2022_06062022151420_06062022160003.zip) |
| 2021 | [Financial Year 2021](https://archives.nseindia.com/annual_reports/AR_18140_SHRIPISTON_2020_2021_11062021181001_11062021190007.zip) |
| 2020 | [Financial Year 2020](https://archives.nseindia.com/annual_reports/AR_16485_SHRIPISTON_2019_2020_18072020144552_18072020150002.zip) |
| 2019 | [Financial Year 2019](https://archives.nseindia.com/annual_reports/AR_16214_SHRIPISTON_2018_2019_18032020100035_18032020110003.zip) |
| 2018 | [Financial Year 2018](https://archives.nseindia.com/annual_reports/AR_12549_SHRIPISTON_2017_2018_20072018120228.zip) |
| 2017 | [Financial Year 2017](https://archives.nseindia.com/annual_reports/AR_10807_SHRIPISTON_2016_2017_20072017173639.zip) |
| 2016 | [Financial Year 2016](https://archives.nseindia.com/annual_reports/AR_8937_SHRIPISTON_2015_2016_11072016123616.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6dd53719-f595-4725-81a1-b03d8f102de1.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ccfe3816-0524-4311-9e56-bb66d0d10ac6.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6e87318c-7194-415d-80c0-87b5f52fa9a1.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6c758590-2a89-4d6d-9afd-dc6aa5933345.pdf) |
| Mar 2025 | [Concall - Mar 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ef495e60-6f9e-4310-ace3-928bd2e5af5b.pdf) |
| Dec 2024 | [Concall - Dec 2024](https://nsearchives.nseindia.com/corporate/SHRIPISTON_24122024151742_EARNINGCALLTRANSCRIPTSSTOCKEXCHANGEINTIMATION18122024.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/SHRIPISTON_03112024090558_INTIMATIONTRANSCRIPTS28102024.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://nsearchives.nseindia.com/corporate/SHRIPISTON_28102024173847_PRESENTATIONOFUNAUDITEDFINANCIALRESUTS.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://nsearchives.nseindia.com/corporate/SHRIPISTON_01082024154435_TRANSCRIPTSNSEINTIMATION182024.pdf) |
| May 2024 | [Concall - May 2024](https://nsearchives.nseindia.com/corporate/SHRIPISTON_21052024190452_EARNINGCALLTRANSCRIPTSINTIMATION.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-11-11 | Credit rating update — ICRA |
| 2025-03-18 | Credit rating update — India Ratings |
| 2024-09-24 | Credit rating update — ICRA |
| 2024-03-19 | Credit rating update — India Ratings |
| 2023-09-20 | Credit rating update — India Ratings |
| 2023-07-07 | Credit rating update — ICRA |
| 2022-11-02 | Credit rating update — ICRA |
| 2022-09-21 | Credit rating update — India Ratings |
| 2022-07-13 | Credit rating update — India Ratings |
| 2021-08-26 | Credit rating update — ICRA |

---

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 2026-10-13T11:02:32.142Z.