Merino Industries Ltd is one of largest laminates brand. Merino Industries is a versatile manufacturer and marketer of interiors solutions with a wide array of products for homes, offices, commercial and public areas. Decades of strong market presence have created a high brand recall among various customer segments.
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In Interior Solutions, plywood was our first product in 1974 and it launched our reputation for product quality and company service. Merino then established its manufacturing unit for high pressure decorative laminates at Hapur near New Delhi. A second unit at Rohad was commissioned, as rapid growth evolved into India’s largest manufacturer and exporter of laminates. Specialty is to continuously release new products which are aligned to international trends and market demand.
Merino Industries Limited Unlisted Shares Details:
Total available shares: 100 and above
Face Value: Rs 10 Per Equity Share
CIN : U51909WB1965PLC026556
Sector: Plywood and Laminates
Lot Size: 10-1000+
Current Share Price: Rs best rate in industry / market per equity share
Headquarters: 5, Alexandra Ct, 60/1, Chowringhee Rd, A.J.C.Bose Road, West Bengal, 700020, India
Corporate presentation of Merino Industries –
Over the years, innovations have been continuously well received by Architects and Interior Designers. Quality products have been complementing the creativity of these professionals.
In the Agro Business, the Merino group began in the cold storage business and subsequently diversified into farming, biotechnology and food processing. Our integration in both directions – forward and backward – has shaped our brand initiative in the FMCG market where we have launched potato flakes and ready to eat snack mixes under the brand name ‘Vegit’.
In Information Technology Services, Merino Services is a Business Consulting and IT Services organization providing value-added services as a Partner-in-Progress with our esteemed customers and business associates. It specializes in design/implementation of various business solutions for our customers.
Financial performance of Merino Industries (Figures in Rs crore)
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Merino Industries Ltd was earlier known as Century Laminating Company Ltd . It was incorporated in 1965. It is one of the world’s largest manufacturer and exporter of decorative laminates. The company has manufacturing units in Hapur (U.P) , Hosur (Tamil Nadu), Rohad (Haryana) and Dahej (Gujarat). The company is engaged in manufacturing and marketing of Decorative Laminates, Prelam Boards, Furniture, Potato Flakes, Acrylic Solid Surface and Agricultural Produce.
Segmentwise revenue –
Merino possesses India’s largest laminates manufacturing capacity at 171 lacs sheet per annum. The company’s range of laminates comprises of more than 10,000 designs , textures , color and finishes.
Board of Directors –
Mr. Champa Lal Lohia (Ex. Chairman)
Mr. Rup Chand Lohia (Ex. V.P)
Mr. Prakash Lohia (Managing Director)
The Merino Group’s facilities are state-of-the-art, geared for integration, and strategically well-located to serve the markets. Its two manufacturing facilities for High Pressure Laminates have a combined annual production capacity of 35 million sq. mtrs. Three short cycle lamination facilities can produce pre-laminated particle and MDF boards in sizes varying from 2.5 X 6 ft up to 9 X 6 ft. Following the principle of Economy, our three pre-lamination lines are located in northern and southern locations for readier dispatches to the customer.
A plate polishing and cleaning facility has also been installed for uniform surface finish of stainless steel moulds. We are the only HPL manufacturer in Asia to have chroming and de-chroming facility that maintains chromed SS moulds in order to produce non-directional chromed gloss plates. The company manufactures its own formaldehyde and resins too.
The Merger and Amalgamation scheme –
As per December 2019 order, the National Company Law Tribunal, Kolkata Bench, Merino Group has been granted the permission to seek shareholder approval for a Merger and Amalgamation scheme of its 6 subsidiaries/associates.
- Demerger of Real Estate Business of Merino Exports Private Limited (MEXPL) into Merino Properties Private Limited (MPL) and merger of MEXPL into Merino Industries Limited (MIL);
- Demerger of IT & Software Business of Merino Services Limited (MSL) into Merino Consulting Services Limited (MCSL) and merger of MSL into MIL;
- And Merger of Merino Panel Products Limited (MPPL) into MIL.
The Scheme of Amalgamation will result in focused management of the respective businesses ad undertakings of Merino group leading to optimum growth and development of the respective businesses being set up with greater focus and attention. It will also result in streamlining the holding in various companies of Merino group thereby resulting in operational efficiencies, economies of scale, reduction in overheads and other expenses and optimum utilization of resources. As a result of this scheme, there will be an increase the revenue growth and reduction in costs, thereby having a positive impact on the Operating Profit of the group.
Merino is expected to continue its growth owing to increasing population, boost from demand for affordable homes, increasing office spaces and rising personal disposable incomes. GST rationalization on plywood from 28% to 18% shall boost the market share of private plywood players such as Merino. The Merino Industries share price is rising steadily and is in huge demand due to upcoming IPO.