Historical basis: this standalone series ends in FY 2024-25. A different basis has data through FY 2025-26. Do not treat this as current performance.
What the numbers show
In FY 2024-25, Merino Industries Limited reported revenue (standalone) of ₹2,301 crore, up 2.2% from ₹2,252 crore in FY 2023-24.
It moved from profit to loss, reporting a loss after tax of ₹7 crore compared with a profit of ₹122 crore the year before.
Net margin decreased by 5.7 percentage points year on year.
Over the 5 years from FY 2019-20 to FY 2024-25, revenue grew at a compound rate of 9.3% a year.
At the end of FY 2024-25, net worth stood at ₹1,357 crore against borrowings of ₹702 crore (debt to equity 0.52).
Operating cash flow was ₹93 crore in FY 2024-25. Down 65.6% on the previous year.
Revenue
₹2,301 cr
Up 2.2% on the previous year.
5-year CAGR 9.3%
Profit after tax
−₹7 cr
Moved from profit to loss.
Net worth
₹1,357 cr
Down 0.2% on the previous year.
5-year CAGR 8.5%
Operating cash flow
₹93 cr
Down 65.6% on the previous year.
5-year CAGR −11.4%
Net margin fell by 5.7 percentage points from FY 2023-24 to FY 2024-25.
View exact chart values
| Metric | FY 2020-21 | FY 2021-22 | FY 2022-23 | FY 2023-24 | FY 2024-25 |
|---|---|---|---|---|---|
| Revenue ₹ crore | 1,296.9 | 1,747.9 | 2,175.0 | 2,252.0 | 2,301.0 |
| Profit after tax ₹ crore | 131.9 | 132.2 | 118.0 | 122.0 | −7.0 |
Financial terms explained
- FY and reporting period
- FY means financial year. The reporting period is the span covered by the accounts; exact dates are shown only when the source supplies them.
- ₹ crore
- One crore rupees is ₹1,00,00,000 (ten million rupees).
- Revenue versus profit
- Revenue is income before expenses. Profit after tax is what remains after expenses and tax; a negative result is a loss.
- Operating cash flow
- Cash generated or used by core operations. It differs from accounting profit because timing and non-cash items differ.
- YoY and CAGR
- Year on year compares consecutive years. CAGR is the compounded annual rate between two positive, comparable endpoints; it is omitted when the result could mislead.
- EPS, net margin, ROE and debt-to-equity
- EPS is source-reported earnings per share. Net margin is profit after tax divided by revenue. ROE compares profit with net worth. Debt-to-equity compares borrowings with net worth.
Key ratios · FY 2024-25
- Return on equity
- −0.5%
- Debt to equity
- 0.52×
- EBITDA margin
- 4.5%
- Net margin
- −0.3%
- Basic EPS
- −₹6.21
Calculation notes and limitations
- Net and EBITDA margins divide the reported amount by revenue. Margin changes are shown in percentage points, not percent.
- ROE: Profit after tax divided by average opening and closing net worth.
- Debt-to-equity divides reported borrowings by year-end net worth. It is unavailable when net worth is missing or not positive.
- CAGR is shown only for positive endpoints three to five years apart and is suppressed for extreme base effects.
- Basic EPS is source-reported. Share splits, bonus issues and dilution can affect comparability, so EPS is not used here for a valuation ratio.
Financial statements
Exact figures · not a forecast| Metric | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|---|
| Revenue ₹ crore | 2,301.0 ▲2.2% on FY 2023-24 | 2,252.0 | 2,175.0 | 1,747.9 | 1,296.9 | 1,473.7 | 1,472.1 | 1,218.8 |
| EBITDA ₹ crore | 104.0 ▼49.8% on FY 2023-24 | 207.0 | 239.0 | 202.7 | 209.8 | 220.5 | 241.1 | 210.6 |
| EBITDA margin % | 4.5% −4.7 pp year on year | 9.2% | 11.0% | 11.6% | 16.2% | 15.0% | 16.4% | 17.3% |
| Profit after tax ₹ crore | −7.0 | 122.0 | 118.0 | 132.2 | 131.9 | 129.4 | 140.8 | 120.5 |
| Net margin % | −0.3% −5.7 pp year on year | 5.4% | 5.4% | 7.6% | 10.2% | 8.8% | 9.6% | 9.9% |
| Basic EPS ₹ per share | −6.21 | 108.25 | 104.70 | 117.32 | 117.00 | 182.82 | 134.51 | 115.12 |
| Metric | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|---|
| Net worth ₹ crore | 1,357.0 ▼0.2% on FY 2023-24 | 1,360.3 | 1,248.3 | 0.0 | 1,036.1 | 902.5 | 721.7 | 580.2 |
| Borrowings ₹ crore | 702.0 ▼2.8% on FY 2023-24 | 722.0 | 595.0 | 295.1 | 137.2 | 214.3 | 184.6 | 174.0 |
| Total assets ₹ crore | 2,527.0 ▼2.8% on FY 2023-24 | 2,599.0 | 2,310.0 | 1,869.0 | 1,511.3 | 1,468.9 | 1,284.0 | 1,075.6 |
| Debt to equity times | 0.52× | 0.53× | 0.48× | Not available | 0.13× | 0.24× | 0.26× | 0.30× |
| Return on equity % | −0.5% | 9.4% | 9.5% | Not available | 13.6% | 15.9% | 21.6% | 20.8% |
| Metric | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow ₹ crore | 93.0 ▼65.6% on FY 2023-24 | 270.0 | 184.0 | 74.6 | 330.7 | 169.9 | 152.9 | 110.4 |
| Profit after tax ₹ crore | −7.0 | 122.0 | 118.0 | 132.2 | 131.9 | 129.4 | 140.8 | 120.5 |
Sources and review information
Basis: Standalone. Financial data review: 25 Sep 2026. This is separate from the share-quote update time.
Direct filing links are unavailable in the current dataset for 8 years. No link has been invented.
Restatements: No restatement information is recorded in the available source metadata.
Historical financial results can be amended or restated. Check a linked filing where available before relying on a figure.
Merino Industries Limited: common questions
What was Merino Industries Limited's revenue in FY 2024-25?
Merino Industries Limited reported revenue of ₹2,301 crore in FY 2024-25 on a standalone basis, according to its filed financial statements.
Did Merino Industries Limited make a profit in FY 2024-25?
No. Merino Industries Limited reported a loss after tax of ₹7 crore in FY 2024-25 on a standalone basis.
What is Merino Industries Limited's net worth?
Merino Industries Limited's net worth (share capital plus reserves) was ₹1,357 crore at the end of FY 2024-25.
How much debt does Merino Industries Limited have?
Merino Industries Limited reported borrowings of ₹702 crore at the end of FY 2024-25.
How many years of financial data are available for Merino Industries Limited?
This page shows 8 years of filed figures, from FY 2017-18 to FY 2024-25.