Mohan Meakin Unlisted Share Price

₹1370

*Average Price as per 4 December, 2024

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Fundamentals

FACE VALUE

5

BOOK VALUE

430

NO OF SHARES

8508479

EPS

100

SALES

1929.92

INDUSTRY PE

70

DIVIDEND

1

DIVIDEND YIELD

0.04

PE

24.99

PB

5.81

PS

1.1

MARKET CAP

2126.27

EQUITY

4.25

PAT

86

MESSAGE

2023-24

OVERVIEW

Mohan Meakin Ltd, incorporated in 1934, boasts a rich brewing heritage from 1855 (founded as Dyer Breweries). It's one of India's oldest and most renowned breweries. Originally named after founder Edward Dyer, it was renamed to honor the Mohan brothers who took over. The company has diversified beyond brewing, encompassing distilling, bottling, and other industries.

Popular brands include Old Monk Rum (iconic status), Golden Eagle Beer, and Solan No. 1 Whisky. Rich history in alcoholic beverages, known for iconic brands like Old Monk Rum. Diversified into non-alcoholic beverages (Mohan Meakin Fruit Power, Solan water) and food products (Charms breakfast cereals).

    

Timeline

  • 1855: Founded as Dyer's Brewery, the first brewery in Asia.
  • 1934: Incorporated as Mohan Meakin Ltd. taking over the business of Dyer Meakin & Co. Ltd.
  • 1966: Renamed Mohan Meakin Breweries Ltd.
  • 1980: Became Mohan Meakin Ltd and listed on the Calcutta Stock Exchange.


Management


Mohan Meakin management


  • Hemant Mohan (Managing Director): Holds a Bachelor's in Business Administration and a degree in International Business (London). He has a vast experience in Brewing and Distillation Industry.
  • Mr. Vinay Mohan (Non-Executive Non-Independent Director): He is a graduate, specializing in Marketing.
  • Mr. Masilamani Nandagopal (Independent Director): Did B.Sc. (Agri) and has vast experience managing industries viz—Brewery, Distillery, Sugar, Power, Real Estate, etc.


Product Portfolio

  • Whisky (Solan No. 1, Black Knight)
  • Rum (Old Monk White, Gold, Orange)
  • Brandy (Triple Crown, Doctor’s Reserve No. 1)
  • Beer (Golden Beer, Lion Beer)

                  Mohan Meakin products               Mohan Meakin old monk rum


INSIGHT

Revenue Segmentation

Product Line

Revenue Contribution

Old Monk Rum

80%

Beer (Golden Eagle, Lion, Black Knight)

8%

Other Products

12%


Financials

In Crs

Particulars

 

FY 24

FY 23

FY 22

Revenue

1942

1781

1379

EBITDA

111

88

68

PBT

114

91

69

PAT

85

68

51

EPS

100

80

61

  • Revenue has increased 9% in FY 24 from FY 23 & 40% from FY 22.
  • PAT has increased 25% in FY 24 from FY 23 & 67% from FY 22.
  • 5-year Revenue CAGR: 22%
  • 5-year PAT CAGR: 35%

 

Dividend 

The Board of Directors has recommended a final dividend of Rs. 1/- Per Share of Rs. 5/- each at a rate of 20% amounting to Rs. 85,08,479/-for the financial year ending 31.03.2023.

 

Industry Overview

  • Mohan Meakin is a well-established brand in India, focusing on strengthening their domestic market position and leveraging growth opportunities within India
  • Mohan Meakin Limited had a 3.3% market share in the beer sector in India in 2020. The company also has a 3.5% market share in the alcoholic beverage industry
  • The Indian alcoholic beverage industry is expected to see continued growth, driven by increasing disposable income and urbanization
  • The Indian Alcoholic Beverage Industry is expected to see a  CAGR of around 5-7%, due to the growing popularity of alcoholic beverages
  • The Indian beer market is expected to almost double to $10 Billion in a decade. | CAGR: 8.76%
  • Indian beer market:  ₹41,470 Crs. in 2023 | Forecasted growth: ₹78,120 Crs.  | Growth rate: 7.1%

 

Peer Comparison

In Crs

Particulars
(Data in Crs.)

Mohan Meakin Ltd

Tilaknagar Industries Ltd

Som Distilleries Ltd

Radico Khaitan Ltd

Revenue

1942

2972

1286

15493

PAT

85

138

85

256

CMP (₹)

1966

210.50

105

1728

MCAP


1672.77


4056.97

2049.33

23103.36

P/E

19.75

29.5

9.4

90.33

P/S

0.95

1.36

1.6

1.5

EBITDA

 111

197

155

515



ANNUAL REPORT

SECONDARY NAME

Mohan Meakin Unlisted Share Price

ISIN

INE136D01018

CDSL

Yes

NSDL

Yes

INDUSTRY

Beverage

SECTOR (READ ONLY)

Alcohol

SHARE HOLDINGS

Name of ShareholderHoldings
Life Insurance Corporation of India8.38 %
Shri J G S KER3.79 %
Jagatjit Industries Ltd1.55 %
Quick Reurn Investment Company ltd0.61 %
Parbutty Churn Law0.34 %
Sunita Sunderdas Damani0.33 %
Other 85 %
Founders

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