Mohan Meakin Unlisted Shares
Mohan Meakin Limited makes beer and Indian Made Foreign Liquor such as rum, whisky, brandy, vodka and gin, along with juices, cornflakes and vinegars. It reported revenue from operations of ₹2,30,238.03 lakh in FY26.
Read the full company profile
Key facts
Mohan Meakin share details
- Lot size
- 50 shares
- Min. investment
- ₹108,750
- Face value
- ₹5
- Implied market cap
- ₹1,850 Cr
- Shares outstanding
- 8,506,977
- Founded
- 1855
- Headquarters
- Solan, Himachal Pradesh
- Website
- mohanmeakin.com
- ISIN
- INE136D01018
- CIN
- L15520HP1934PLC000135
- Lock-in after IPO
- 6 months
Price history
Mohan Meakin share price chart
1Y change
+2.35%
High
₹2,575
Low
₹2,125
Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.
About
About Mohan Meakin
Mohan Meakin Limited is an Indian alcoholic beverages company, established in 1855, with its registered office at Solan Brewery in Himachal Pradesh. Its main business is making beer and Indian Made Foreign Liquor (IMFL), which covers rum, whisky, brandy, vodka, gin and ready-to-drink drinks. It also sells food and consumer products such as fruit juices, cornflakes, wheat porridge and vinegars.
The company runs a brewery and bottling plant at Solan and a distillery at Kasauli in Himachal Pradesh, a bottling plant at Bhankarpur in Punjab, and a brewery, distillery and food factory at Ghaziabad in Uttar Pradesh. Its Lucknow distillery has stopped production for the time being. Because states restrict the movement of liquor from outside, the company also earns royalty and technical know-how fees by letting other bottlers make and bottle its brands in different states.
In FY26 (year ended 31 March 2026) revenue from operations was ₹2,30,238.03 lakh against ₹2,15,134.39 lakh a year earlier, a rise of 7.02%. Profit after tax rose 52.73% to ₹15,675.28 lakh from ₹10,263.06 lakh. These figures are from the company's standalone financial statements. The company had cash and bank balances of ₹24,464.41 lakh in other bank balances, ₹1,991.48 lakh in cash plus ₹12,378.63 lakh of current investments at the year end, and its only borrowing was ₹429.27 lakh.
The board is led by Managing Director Hemant Mohan. Vinay Mohan and Shalini Mohan sit on the board as non-executive directors, and Rajesh Kedia is Director Finance and CFO. Several related companies, including Mohan Rocky Springwater Breweries Private Limited, bottle or supply the company's products under yearly agreements.
The company is listed on the stock exchange. Its shares are also quoted in the off-market (pre-IPO or unlisted) space, where trades are done directly between buyers and sellers through dealers. The indicative price here is ₹2,275 per share, which is not an exchange price and can differ from what a dealer quotes. This page gives facts only and is not investment advice.
Strengths
- Profit after tax grew 52.73% to ₹15,675.28 lakh in FY26 from ₹10,263.06 lakh in FY25, well ahead of the 7.02% growth in revenue from operations.
- The balance sheet carries almost no debt. The only borrowing at 31 March 2026 was ₹429.27 lakh, against total equity of ₹62,613.44 lakh.
- Net cash generated from operating activities was ₹16,779.33 lakh in FY26, higher than the reported profit after tax of ₹15,675.28 lakh, so profit was backed by cash.
- Other bank balances were ₹24,464.41 lakh at 31 March 2026, and the company also held ₹12,378.63 lakh in current investments.
- The company has made beer and liquor since 1855 and has plants in Himachal Pradesh, Punjab and Uttar Pradesh, plus bottling arrangements in other states.
- It earns royalty and technical know-how income from third-party bottlers, which helps it reach states where sending its own goods is not economical.
Risks
- Alcohol is regulated state by state. Excise duty, licensing and pricing rules differ, and the company says changes in them can hurt its operations and profit.
- Price increases need state government approval, so rising raw material costs may not be passed on quickly. The company names commodity cost inflation as a risk.
- A large part of its cost is trading goods. Purchase of stock-in-trade was ₹1,49,313.42 lakh in FY26 against ₹1,06,955.93 lakh in FY25, which points to heavy reliance on bought-in finished products.
- The company buys finished liquor from related parties such as Mohan Rocky Springwater Breweries Private Limited, which share a common director, so related-party dependence is a risk.
- Revenue growth was only 7.02% in FY26, and profit growth of 52.73% came with a very large fall in the excise duty line from ₹54,547.43 lakh to ₹14,605.41 lakh, so year-on-year comparisons need care.
- Its Lucknow distillery has stopped production for the time being, so part of its capacity is idle.
- Prohibition in some states and illicit liquor can shrink legal sales channels.
- Pollution Control Board and safety rules apply to its breweries and distilleries, and non-compliance could disrupt production.
- Unlisted share prices are indicative, trades happen off-market through dealers, and liquidity can be thin.
Financials
Mohan Meakin financial performance
Revenue, profit and balance-sheet figures by fiscal year.
Revenue & PAT (₹ Cr)
Revenue
PAT
| Metric | FY26Latest | FY25 |
|---|---|---|
| Revenue (₹ Cr) | 2,302 | 2,151 |
| PAT (₹ Cr) | 157 | 103 |
| PAT Margin (%) | 6.81 | 4.77 |
| RoNW (%) | 25.03 | 21.83 |
| EPS (₹) | 184.23 | 120.62 |
| Debt / Equity | 0.01 | 0.01 |
| Total Assets (₹ Cr) | 814 | 652 |
| Net Worth (₹ Cr) | 626 | 470 |
Swipe the table sideways for earlier years →
Leadership
Management team
Shri Hemant Mohan
Managing Director
Managing Director of Mohan Meakin Limited.
Shri Rajesh Kedia
Director Finance cum CFO
Heads finance and serves as Chief Financial Officer.
Shri Vinay Mohan
Non-Executive, Non-Independent Director
Non-executive director and a common director of related bottling company Mohan Rocky Springwater Breweries.
Mrs. Shalini Mohan
Non-Executive, Non-Independent Director
Non-executive, non-independent director on the board.
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Important disclaimer
Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.
