Merino Industries unlisted share price

Price history

About

Merino Industries Limited is an unlisted public company with its registered office in Kolkata. The company was incorporated in 1965 and says it has over six decades of making in India. Its main business is decorative laminates sold under the MERINO brand. The company calls itself India's No. 1 laminate brand. Over time it has added wood panels such as FABWood chipboard and pre-laminated panels, modular furniture under the MY SPACE brand, and a food business that makes potato flakes under the VEGIT brand. In FY26 it launched Marine Board, a moisture-resistant panel, and ramped up its integrated Halol complex in Gujarat. The annual report says it has six manufacturing facilities, in Hapur, Halol, Dahej, Rohad and Hosur, and a workforce of over 6,500 people. The annual report says Merino sells through over 16,000 dealers and retailers and has presence in over 80 countries. The numbers below are standalone figures from the audited statements. Revenue from operations was ₹252,056.39 lakh in FY26, up from ₹230,138.71 lakh in FY25 and ₹225,182.71 lakh in FY24. The company made a net profit of ₹32.89 lakh in FY26 after a net loss of ₹732.29 lakh in FY25. In FY24 it had earned a profit of ₹12,153.70 lakh. The company is run by the Lohia family. Prakash Lohia is Chairman and Managing Director and holds 473161 equity shares, which the company reports as 4.23% of paid-up capital. The company has 11,178,679 equity shares of ₹10 each, fully paid up. Prasan Lohia, Ruchira Lohia, Anil Jajoo and other family members are whole-time directors. The company has not filed for an IPO, so there is no IPO journey to report yet. Unlisted shares of a company like this are dealt off-market, between buyers and sellers, at indicative prices that are not set on a stock exchange. IPO Guru shows an indicative price of ₹2575 per share and an implied market cap of about ₹2,878.51 crore, based on the share count in the annual report.