Price
Financials
Standalone, Rs crore| Mar 2006 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 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 |
| Profit before tax | 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 |
| EPS in Rs | ||||||||||||
| Dividend Payout % | 42% | -0% | 32% | 7% | 15% | 8% | 7% | 4% | 6% | 5% | 5% | 4% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 13% | 12% | 15% | 22% | ||
| Compounded Profit Growth | 51% | 31% | 13% | 28% | ||
| Stock Price CAGR | % | % | % | % | ||
| Return on Equity | 22% | 23% | 22% | 20% |
| Mar 2006 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 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 |
| Mar 2006 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 9 | 16 | 52 | 12 | 29 | 35 | 32 | 38 | 91 | 92 | 57 | 98 |
| Cash from Investing Activity | -10 | -17 | -21 | -18 | -29 | -20 | -14 | -43 | -61 | -90 | -46 | -81 |
| Cash from Financing Activity | 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% |
| Mar 2006 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 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% |
Fundamentals
Market Cap₹ Cr.
Current Price₹
Book Value₹
ROCE21.8 %
ROE19.9 %
Dividend Yield%
Face Value₹ 10.0
Compounded Sales Growth (TTM)22%
Compounded Profit Growth (TTM)28%
Standalone figures.
Profitability
Operating margin (excl. other income)15.33%
Operating margin (incl. other income)16.47%
EBITDA margin16.47%
Pre-tax margin11.92%
Net profit margin8.78%
ROE19.71%
ROCE21.69%
ROA10.89%
ROE, 3-year average22.02%
ROCE, 3-year average22.94%
ROA, 3-year average11.44%
ROE, 5-year average24.20%
ROCE, 5-year average24.53%
ROA, 5-year average11.44%
ROIC (approx.)14.84%
Tax rate26.34%
Other income / net worth2.29%
Growth
Sales growth (latest year)22.01%
Profit growth (latest year)27.23%
Sales CAGR, 3 years14.58%
Sales CAGR, 5 years11.84%
Profit CAGR, 3 years13.30%
Profit CAGR, 5 years31.37%
Per share
EPS (TTM)Rs 81.29
EPS (latest year)Rs 81.29
EPS, 3-year averageRs 72.15
EPS, 5-year averageRs 62.56
Book value per shareRs 460.28
Sales per shareRs 925.57
Cash flow per shareRs 92.60
Free cash flow per shareRs 14.20
Dividend per share (latest year)Rs 3.46
Dividend per share, 3-year averageRs 3.46
Dividend per share, 5-year averageRs 3.07
Dividends
Dividend payout4.26%
Dividend payout, 3-year average4.85%
Dividend payout, 5-year average4.88%
Efficiency
Asset turnover1.14x
Fixed asset turnover2.97x
Inventory turnover1.99x
Inventory days183 days
Debtor days43 days
Debtors turnover8.55x
Creditor days86 days
Cash conversion cycle167 days
Working capital days106 days
Leverage
Total debtRs 171 Cr
Cash and bankRs 3 Cr
Net debtRs 168 Cr
Debt to equity0.35x
Net debt / EBITDA1.04x
Interest coverage8.66x
Owners' fund to total sources56.90%
Debt to assets19.99%
Cash flow
Cash from Operating Activity (latest year)Rs 98 Cr
Cash from Investing Activity (latest year)Rs -81 Cr
Cash from Financing Activity (latest year)Rs -21 Cr
Net Cash Flow (latest year)Rs -4 Cr
Free cash flow (latest year)Rs 15 Cr
FCFE (approx.: FCF + change in debt)Rs 13 Cr
Cash from ops / profit, 5 years1.14x
Sales to cash flow10.00x
Statement figures
Net sales (TTM)Rs 978 Cr
Net sales (latest year)Rs 978 Cr
Operating profit excl. other income (latest year)Rs 150 Cr
Other income (TTM)Rs 11 Cr
EBITDA (TTM)Rs 161 Cr
PBDT (TTM)Rs 146 Cr
Profit before tax (TTM)Rs 117 Cr
Tax (latest year)Rs 31 Cr
Net profit (TTM)Rs 86 Cr
Net profit (latest year)Rs 86 Cr
Depreciation (TTM)Rs 29 Cr
Interest (TTM)Rs 15 Cr
Cost of goods sold (latest year)Rs 580 Cr
Total expenditure (latest year)Rs 828 Cr
Total income (latest year)Rs 989 Cr
Share capitalRs 10 Cr
ReservesRs 476 Cr
Shareholders' fundsRs 486 Cr
Total assetsRs 855 Cr
Net blockRs 329 Cr
Capital work in progressRs 20 Cr
InvestmentsRs 47 Cr
ReceivablesRs 114 Cr
InventoryRs 291 Cr
Other liabilitiesRs 198 Cr
Shares outstanding (crore)1.06
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
Not enough price history.
Red flags
F-score 7 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
No quarterly results published.
Activity
CompareNo listed peers in this industry.
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Merino Industries Ltd?
Merino Industries Ltd (531299) has a market capitalisation of Rs Cr. at the close.