Mohan 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 1175 – 1200 per share.
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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:||100 – 2,500+|
|Face Value:||Rs 5 Per Equity Share|
|Sector||Liquor – Alcohol – breweries and distilleries|
|Current Unlisted Share Price:||Best in Industry Per Equity Share|
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
Mohan Meakin Latest financial performance (In Rs Crore)
|Book Value per Share||248||186||138||108||69|
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.
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.
Life Insurance Corporation of India holds around 8% stake in Mohan Meakin. Jagatjit Industries Limited which is a BSE listed company holds around 1.5% stake.
At current price of around Rs 1200 per share, shares of Mohan Meakin are available at market capitalisation of about Rs 1025 crore.
BSE, NSE listed competitors of Mohan Meakin are United Spirits, United Breweries, Radico Khaitan, IFB Agro Industries, Som Distilleries are trading at high valuations.