---
title: "Merind Ltd (MARIND) — Share Price, Financials & Analysis"
symbol: "MARIND"
company: "Merind Ltd"
canonical: "https://tapetide.com/stocks/MARIND"
generated_at: "2026-10-13T10:58:19.853Z"
---

# Merind Ltd (MARIND)

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

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Company has a low return on equity of 5.52% over last 3 years.
- Earnings include an other income of Rs.11.5 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 21% | 17% | 16% |

## Financial Statements

### 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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.13 | 0.08 | 0.03 | 0.01 | 0.01 | 0.05 | 0 | 0 |
| Expenses | 16.6 | 67.93 | 0.83 | 0.23 | 0.18 | 0.13 | 0.2 | 0.15 |
| Operating Profit | -16.47 | -67.85 | -0.8 | -0.22 | -0.17 | -0.08 | -0.2 | -0.15 |
| OPM % | -12669.23 | -84812.5 | -2666.67 | -2200 | -1700 | -160 | — | — |
| Other Income | 10.65 | 7.55 | 6.13 | 4.41 | 8.72 | 9.54 | 10.66 | 11.49 |
| Interest | 0.1 | 0.07 | 0.05 | 0.04 | 0.01 | 0 | 0.03 | 0.08 |
| Depreciation | 0.77 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -6.69 | -60.37 | 5.28 | 4.15 | 8.54 | 9.46 | 10.43 | 11.26 |
| Tax % | -24.07 | 0 | 15.72 | 33.49 | 32.08 | 29.39 | 26.08 | 17.14 |
| Net Profit | -5.08 | -60.38 | 4.44 | 2.75 | 5.79 | 6.67 | 7.7 | 9.34 |
| Dividend Payout % | 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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3.64 | 3.64 | 3.64 | 3.64 | 3.64 | 3.64 | 3.64 | 3.64 |
| Reserves | 256.33 | 195.95 | 200.39 | 203.14 | 127.76 | 134.42 | 140.71 | 159.82 |
| Borrowings | 18.18 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0.89 | 1.63 | 0.94 | 0.75 | 0.6 | 1.83 | 6.81 | 8.16 |
| Total Liabilities | 279.04 | 201.23 | 204.97 | 207.53 | 132 | 139.89 | 151.16 | 171.62 |
| Fixed Assets | 0.19 | 0.19 | 0.19 | 0.18 | 0.18 | 0.17 | 0.17 | 0.16 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 53.3 | 50 | 50 | 50 | 72.67 | 121.08 | 128.92 | 149.02 |
| Other Assets | 225.55 | 151.04 | 154.78 | 157.35 | 59.15 | 18.64 | 22.07 | 22.44 |
| Total Assets | 279.04 | 201.23 | 204.97 | 207.53 | 132 | 139.89 | 151.16 | 171.62 |

### 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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | -63.58 | 4.55 | 1.38 | -2.01 | -0.44 | — | — |
| Cash from Investing Activity | — | 80.78 | 0.7 | -7.67 | 16.77 | -14.6 | — | — |
| Cash from Financing Activity | — | -17.42 | -0.88 | 0 | 0 | 0 | — | — |
| Net Cash Flow | — | -0.22 | 4.37 | -6.29 | 14.75 | -15.04 | — | — |
| Free Cash Flow | — | -63.59 | 4.55 | 1.38 | -2.01 | -0.44 | — | — |
| CFO/OP | — | 90 | -705 | -1282 | -194 | -112 | — | — |

### Ratios

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 6261.15 | 12546.88 | 38081.67 | 2920 | 365 | 73 | — | — |
| Cash Conversion Cycle | 6261.15 | 12546.88 | 38081.67 | 2920 | 365 | 73 | — | — |
| Working Capital Days | 200581.54 | 325032.5 | 1640675 | 1992900 | -18615 | 12994 | — | — |
| ROCE % | — | -25.24 | 2.64 | 2.04 | 5.06 | 7.02 | 7.41 | 7.37 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 3.25 | Sell |
| EMA (10) | 3.22 | Sell |
| SMA (20) | 3.32 | Sell |
| EMA (20) | 3.27 | Sell |
| SMA (50) | 3.38 | Sell |
| EMA (50) | 3.44 | Sell |
| SMA (100) | 3.81 | Sell |
| EMA (100) | 3.88 | Sell |
| SMA (200) | 4.98 | Sell |
| EMA (200) | 4.38 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.46 | Neutral |
| MACD (12,26,9) | -0.06 | Sell |
| Stochastic (14,3,3) | 24.72 | Neutral |
| ADX (14) | 21.03 | Neutral |
| Williams %R (14) | -74.26 | Neutral |
| ATR (14) | 0.36 | High Volatility |
| ROC (12) | -9.83 | Sell |
| Stoch RSI (14) | 12.78 | Buy |
| UO (7,14,28) | 48.46 | Neutral |

---

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 2026-10-13T10:58:19.853Z.