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 1175 – 1200 per share.

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: 100 – 2,500+
Face Value: Rs 5 Per Equity Share
ISIN: INE136D01018
Sector Liquor – 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

Mohan Meakin Limited‘s Unlisted Share Price are updated on our website on a daily basis, to stay updated with the share price you can visit our website daily or register with us to get daily updates on WhatsApp / Telegram or Email.

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

Mohan Meakin Latest financial performance (In Rs Crore)

Particulars 2021-22 2020-21 2019-20 2018-19 2017-18
Total Income 1379 1102 1028 954 660
PAT 51 40 26 33 15
EPS 60 47 31 39 18
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.

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

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.

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.

Mohan Meakin Unlisted Shares valuation

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.

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.

The company operates in alcohol / liquor industry business which is sort of recession-free. The company’s bottling plants are well-located in high-alcohol consumption states across India.

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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