# Merino Industries Limited
**ISIN:** INE662B01017
**Canonical URL:** https://polemarch.in/invest/merino-industries
**Type:** Unlisted
**Sector:** General / Unlisted
**Market cap bucket:** Unspecified
**Current quoted price:** ₹0.00 per share

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## Company profile

## Key ratios (as of FY2025, yearly)
### Liquidity Ratios
- **Working Capital:** 0.539277
- **Current Ratio:** 1.05538915
- **Quick Assets:** 3.729542
- **Quick Ratio:** 0.38306131
- **Cash Ratio:** 0.00299328
- **Working Capital To Sales:** 0.02343269
- **Net Working Capital to Assets:** 0.02134175

### Leverage Ratios
- **Total Debt:** 7.186611
- **Net Debt:** 7.157468
- **Debt to Equity:** 0.52960401
- **Debt to Assets:** 0.28440828
- **Debt To Capital:** 0.34623602
- **Equity Ratio:** 0.53702063
- **Financial Leverage:** 1.86212586
- **Interest Coverage:** 0.53597193
- **EBITDA Interest Coverage:** 2.74894556
- **Net Debt to EBITDA:** 4.49891227
- **Long Term Debt to Equity:** 0.11208618
- **Long Term Debt to Capital:** 0.10078911
- **Debt to EBITDA:** 4.51723046
- **Net Debt to Equity:** 0.52745637

### Profitability Ratios
- **Effective Tax Rate:** 0.72732012
- **NOPAT:** 0.0845825722
- **Invested Capital:** 20.72725
- **Gross Margin:** 0.49488997
- **EBITDA Margin:** 0.06912931
- **EBIT Margin:** 0.01347839
- **Pre Tax Margin:** -0.01166918
- **Net Margin:** -0.00318195
- **Return on Assets:** -0.00289802
- **Return on Equity:** -0.00539648
- **Return on Capital Employed:** 0.02055495
- **Return On Invested Capital:** 0.00408074
- **Pre-Tax ROE:** -0.01979052
- **Cash ROA:** 0.03691536
- **Return on Net Assets:** -0.00471457
- **Operating ROA:** 0.01227569

### Efficiency Ratios
- **Asset Turnover:** 0.91076802
- **Fixed Asset Turnover:** 1.86078653
- **Inventory Turnover:** 1.74676025
- **Receivables Turnover:** 11.40525763
- **Payables Turnover:** 4.64556231
- **Working Capital Turnover:** 42.67541727
- **Days Inventory Outstanding:** 208.95826953
- **Days Sales Outstanding:** 32.00278432
- **Days Payables Outstanding:** 78.56960589
- **Cash Conversion Cycle:** 162.39144796
- **Equity Turnover:** 1.69596468
- **Capital Employed Turnover:** 1.52502991

### Cashflow Ratios
- **Operating Cash Flow to Sales:** 0.04053212
- **Operating Cash Flow to Net Income:** -12.73813653
- **Free Cash Flow:** -0.159269
- **Free Cash Flow Margin:** -0.00692057
- **Cash Flow to Debt:** 0.12979706
- **Cash Interest Coverage:** -1.7696515
- **FCF to Net Income:** 2.17494435
- **Capital Expenditure:** -1.238968
- **Capex to Sales:** -0.05383571
- **Capex to Operating Cashflow:** -1.32822328
- **Dividend Payout Ratio:** 0.75806033
- **Retention Ratio:** 0.24193967

### Valuation Models
- **Shares Outstanding:** 1.1279
- **Market Cap:** 0
- **Enterprise Value:** 7.157468
- **P/E Ratio:** 0
- **P/B Ratio:** 0
- **P/S Ratio:** 0
- **EV / EBITDA:** 4.49891227
- **EV / Sales:** 0.3110067
- **EV / EBIT:** 23.07446404
- **Price / Operating Cash Flow:** 0
- **EV to FCF:** -44.93949231
- **EV to Assets:** 0.28325495
- **EV to Capital Employed:** 0.47429451
- **EV to Invested Capital:** 0.34531682

### Per Share Metrics
- **EPS (Basic):** -6.55
- **Book Value per Share:** 1203.10151609
- **Sales per Share:** 2058.48577818
- **Operating Cash Flow per Share:** 83.43479428
- **Free Cash Flow per Share:** -14.24588551
- **Cash per Share:** 2.60670841
- **EBITDA per Share:** 142.30169946
- **EBIT per Share:** 27.7450805

### DuPont Analysis
- **DuPont: Tax Burden:** 0.27267988
- **DuPont: Interest Burden:** -0.86576937
- **DuPont: EBIT Margin:** 0.01347839
- **DuPont: Asset Turnover:** 0.91076802
- **DuPont: Equity Multiplier:** 1.86212586
- **DuPont ROE (5-step):** -0.00539648

### Earnings Quality
- **Accruals to Assets:** -0.03981338
- **Accruals to Net Income:** 13.73813653
- **Cash Earnings Coverage:** -12.73813653
- **Capex to Depreciation:** 0.85268473

## Recent price points (last 10)

| Date | Price (₹) |
|---|---:|
| 2026-06-06 | 2775 |
| 2026-06-07 | 2775 |
| 2026-06-08 | 2775 |
| 2026-06-09 | 2775 |
| 2026-06-10 | 2775 |
| 2026-06-11 | 2775 |
| 2026-06-12 | 2775 |
| 2026-06-13 | 2801 |
| 2026-06-14 | 2575 |
| 2026-06-15 | 2575 |

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## Risk disclosure

Unlisted shares are illiquid and can lose their full value. They're illiquid, prices can swing sharply, and a quoted price is only as good as the next willing buyer at that level. Polemarch does not guarantee any return on any share. Talk to a SEBI-registered investment adviser before you put money in. Past performance is not a forecast of future returns.

Canonical (live): https://polemarch.in/invest/merino-industries
Operator: Mithtech Innovative Solutions Pvt Ltd, Bengaluru, India.