Wednesday, 24 October 2018

MERINO INDUSTRIES LTD – FY 2018 RESULT UPDATE


Merino Industries Limited  incorporated in 1965 is an unlisted public limited company engaged in manufacturing and marketing interior solutions. The company has its headquarter located at Kolkata , sales presence in 50+ countries and more than 4000 dealers supported by multi- regional warehouses markets which has helped it to sustain its market leadership position over last 5 Years.



FINANCIAL HIGHLIGHTS FOR FY2018:  (Fig in Crs.)

PARTICULARS
STANDALONE
CONSOLIDATED
2018
2017
2018
2017
Total Income
824
778
1239
1164
PAT
68
75
107
120
EPS
64.48
71.93
101.98
114.82
Equity
10.47
10.47
10.47
10.47
Face Value
10
10
10
10
Book Value
367.84
304.36
554.11
453.37


CONCLUSION:
  • Merino Industries Ltd is into manufacturing laminates and panel products. The total market size of “Laminates and Decorative Veneer” is around Rs. 6000 Crs. in India. Out of this ~30% comprises of unorganized players this percentage in dropping down due to gradual shift of consumers towards organized players such as “Merino”.
  • This organized segment is expanding between 10% to 20% yearly due to - strong growth in the real estate industry, Indian furniture market, growing middle class segment, lower interest rates and increasing number of nuclear families , increase in urbanization are driving real estate demand and government focus on infra and low cost housing.
  •  GST has benefited Merino Industries Ltd by attracting tax rate of 18% (pre GST tax imposition was 28%).

Thus based on strong market growth and future perspective and strong financial performance of the company over the years we strongly recommend – “Buy – Merino Industries Ltd”.




For buying and selling any unquoted / unlisted / delisted or suspended shares in physical or demat you can reach us at Contact No.91+ 09215709100 or Email us on mittalmanish2003@gmail.com





No comments:

Post a Comment

Blogroll