Mohan Meakin Limited Unlisted Shares

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Mohan MeakinMohan Meakin is the maker of the popular brand of rum “Old Monk”. The history of Mohan Meakin back to the establishment of a Brewery at Kasauli by Edward Dyer in 1855. Shares of the company are listed at Calcutta Stock Exchange. However, as no trading is taking place in regional stock exchange, shares of Mohan Meakin are being traded heavily in Unlisted market. Recent share price is Rs 600 per share. The current market capitalisation stands at about Rs 2500 crore.

Buy & Sell Mohan Meakin Unlisted Shares at Best Price. Call Dharawat Securities on 8108303330 for more details

Mohan Meakin’s remarkable performance is not limited to liquor, its business interests are manifold. Turning foresight into reality is the Fruit juices, Breakfast Foods, Mineral Water and Glass Factory – a strategic diversification to further re-inforce its business interests. As on June 30, 2019, the Mohan family owns the majority stake in the company.

The group undertook major diversification with 3 distilleries in India and 2 breweries and a host of franchises. A multi-faceted business house with a turnover exceeding Rs 400 crore, Mohan Meakin stands for growth, innovation and care. MML has two manufacturing facilities to manufacture beer, spirit, and food products (largely grain flakes) at Mohan Nagar in UP and Kasauli/Solan in Himachal Pradesh (HP). In addition, it has bottling plants at Mohangram in Punjab and Solan in HP.

Mohan Meakin Limited Unlisted Shares Details:

Total Available Shares: 1-2,500
Face Value: Rs 5 Per Equity Share
ISIN: INE136D01018
Sector Alcohol – breweries and distilleries
Current Unlisted Share Price: Best in Industry Per Equity Share
About company –
Mohan Meakin Limited mainly deals in Alcoholic Products like Whiskies, Rums, Beers and Brandies. Aside from Old Monk, other popular brands include Old Monk Rum Supreme, Old Monk Peach Rum, Colonels Special Whisky, Solan Gold Indian Single Malt Whisky, O M 10000 Super Beer and Lion Beer. They are exported to 13 countries that include U.A.E., Qatar, Singapore, Germany, USA, and Hong Kong among others. Regd Office: Solan Brewery Solan (H.P), Mohan Nagar, Ghaziabad (U.P).
Registered Address: Solan Brewery, P O Shimla Hills, Solan, Himachal Pradesh, 173214

List of Board of Directors & Key Managerial Persons

Mr. Hemant Mohan – Managing Director
Mr. L.K. Malhotra – Director
Mr. Vinay Mohan – Director
Mr. Yash Kumar Sehgal – Director
Mr. Ramesh Chander Jain – Director Finance cum C.F.O
Mr. H. N. Handa – Secretary

Latest financial details- 
The firm, which is the oldest liquor brewing company in India, had a paid-up capital of Rs 4.25 crore, reserve and reserves and surpluses of Rs 27.01 crore at the time of de-listing in 2003. The 163-year-old company looks to return to the capital markets 16 years after it had de-listed its equity shares from the Delhi and Calcutta stock exchanges.

In FY 2019, the company’s net profit stood at Rs 33 crore and total debt was at Rs 11 crore as compared to about Rs 30 crore in the previous year. The company’s net worth in FY 19 was at Rs 92 crore, higher than Rs 58 crore seen in the previous year.  It also had a strong liquidity as reflected by cash and bank balances worth Rs. 15.8 crore as on March 31, 2020.

Old Monk contributes nearly 80 percent of the total sales for MML and in FY19 the contribution from Old Monk itself would be approximately Rs 758.3 crore.

FY March 2020 FY March 2019
EQUITY 4.25 4.25
RESERVE SURPLUS 113.56 87.91
TOT DEBTS 13.03 16.27
GROSS BLOCK 64.35 53.85
CAPITAL WORK IN PROGRESS 8.97 8.28
CASH LIQUID INVESTMENT 0 0
NET WORKING CAPITAL 69.60 54.26
CURRENT ASSETS 150.35 129.63
CURRENT LIABILITIES 150.35 129.63

Historical financials of Mohan Meakin Limited Unlisted Shares: Figs in Rs crore

Details FY2019 FY2018 FY2017 FY2016
Equity Paid Up 4.25 4.25 4.25 4.25
Networth 92.16 58.73 43.04 28.64
Net Sales 659.89 523.68 464.76 442.93
PAT 33.15 15.33 4.64 3.74
Book Value 108.32 69.03 50.59 33.67
EPS 38.96 18.01 5.46 4.39

SHARE HOLDING PATTERN 

  • Promoters : 65.88%
  • DII : 0.00%
  • FII : 0.00%
  • Others : 34.12%

Sector update: 

India’s liquor industry is expected to record the second fastest growth globally due to favourable demographics and increasing urbanisation. In addition, the highly regulated nature of the industry with substantial Government controls on advertising and taxes restricts growth to a certain extent, the same creates entry barriers for new players, thereby favouring incumbents.

Outlook: 

MML’s stock is in fancy due to operating track record of over 150 years in the Indian liquor industry; the established brand presence of its flagship brand—Old Monk—in the rum segment; its strong nationwide presence and favourable long-term volume outlook for the industry.

MML is one of the suppliers of branded IMFL to the Canteen Stores Department (CSD), which provides significant business barriers to entry.

Mohan Meakin Limited (MML) is likely to maintain its strong market position over the medium term on the back of its established brand, widening distribution network, and its ongoing efforts to foray into new geographies for exports. MML will sustain its improved financial profile characterised by conservative debt metrics and strong liquidity position. The company has reported a steady rise in accruals, along with declining debt levels, leading to strong debt protection metrics. As a cascading effect of healthy cash accruals, the company’s liquidity position has also improved significantly, resulting in reduced working capital utilisation in the 12 months ending in March 2020.

Mohan Meakin stock is a strong buy due to its large and favourably located land bank, a part of which the company plans to monetise to fund any large capex requirements in the future, almost debt free status, over 8% holding of institutional investor Life Insurance Corporation of India (LIC) and listing on BSE & NSE soon.

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