Mohan Meakin Unlisted Shares
Mohan Meakin Ltd.
INE136D01018
Incorporation Date: 02-Dec-2034
Listing Status: DRHP Not Filed
Listed On Metropolitan Stock Exchange
About Mohan Meakin Unlisted Shares
Overview of Mohan Meakin Unlisted Shares
Established in 1855, Mohan Meakin Limited is one of India’s oldest and most culturally iconic liquor and consumer goods companies. Originating in Kasauli, Himachal Pradesh, as Asia’s first brewery founded by Edward Dyer, the company eventually shifted into Indian hands under the leadership of NN Mohan and became the legendary brand it is today.
📊 Business Model
Mohan Meakin operates primarily in the Alcohol and Beverage industry, which contributes to roughly 99% of its total turnover. However, it also maintains a legacy diversified segment in non-alcoholic fast-moving consumer goods (FMCG).
- Manufacturing & Distribution: The company runs its own manufacturing units—notably the Kasauli Distillery (malt and sugarcane spirits) and the expansive Mohan Nagar facility in Ghaziabad (brewery, distillery, breakfast foods). They complement this with contract bottling setups across India to navigate state-wise liquor regulations.
- The Unlisted Maverick: Intriguingly, despite its massive brand recall, Mohan Meakin operates as an unlisted public limited company. Its shares trade actively in India's unlisted (grey) market rather than on the major NSE or BSE boards.
- Global Footprint: Over the years, the company has scaled its export channels. It now ships to over 14 countries, including the USA, UAE, Russia, Singapore, and parts of Europe, bringing in solid foreign exchange earnings.
👥 Management Structure
The company is heavily promoter-driven, with the Mohan family holding a majority stake (~67.8%). The executive leadership combines legacy family oversight with corporate professionals:
- Mr. Hemant Mohan (Managing Director): The primary custodian of the business, possessing decades of operational experience in distillation and brewing.
- Key Non-Executive Directors: Vinay Mohan and Shalini Mohan assist in maintaining family-led administrative and marketing alignment.
- Independent Directors: The board features seasoned legal and administrative professionals like Kalpataru Tripathy, Ramesh Rama Narang, and Nand Parkash Sahni to handle regulatory compliance and strategic corporate choices.
- Financial Control: Mr. Rajesh Kedia serves as the Chief Financial Officer (CFO).
🍾 Product Portfolio
Mohan Meakin's portfolio is a fascinating mix of low-profile staples, ultra-premium experiments, and one absolute titan of Indian pop culture.
Category | Key Brands | Market Standing |
Rum | Old Monk (XXX, White, Gold Reserve, Supreme, The Legend, and flavored extensions like Coffee, Peach, and Fire Cinnamon) | The crown jewel. Old Monk is a cult dark rum that historically commanded a massive market share without spending a single rupee on traditional advertising. |
Whisky | Solan Gold (Indian Single Malt), Golden Oak Barrel Aged, Solan No-One Black | Solan Gold is an underrated premium single malt crafted in the Himalayas, competing in India's booming craft spirit segment. |
Gin | Jamun (The Himalayan Juniper Dry Gin), I.Q. London Dry Gin (and its cucumber/pink variants) | A modern push into the upscale millennial "Gin-naissance" market. |
Beer | Old Monk 10000, Golden Eagle Lager, Meakin 10000, IQ Wheat Beer | A steady regional portfolio, with Golden Eagle historically being one of India's earliest flagship beers. |
FMCG | Mohun's Corn Flakes, Wheat Porridge, Fruit Juices, Vinegars | A modest, legacy non-alcoholic division that holds nostalgic value but generates a tiny fraction of the group's revenue. |
Insights of Mohan Meakin Unlisted Shares
Key Financials (FY24 – FY26)
The company has demonstrated consistent top-line growth coupled with a significant acceleration in profitability over the last three fiscal years.
Category (in ₹ Cr.) | FY24 | FY25 | FY26 |
Net Revenue | 1,929.92 | 2,151.34 | 2,302.38 |
EBITDA | 111.25 | 133.61 | 187.63 |
Profit After Tax (PAT) | 84.70 | 102.63 | 156.75 |
Total Assets | 534.74 | 651.91 | 813.95 |
Total Equity | 366.32 | 470.17 | 626.13 |
Growth Trajectory: While Net Revenue grew by a healthy 7.0% year-over-year in FY26, the company showcased massive operational leverage, with EBITDA surging by 40.4% and PAT skyrocketing by 52.7% during the same period.
Peer Comparison
Metric Mohan Meakin Radico Khaitan United Spirits Som Distilleries Price (₹) 2,400 3,547 1,293 86.7 Market Cap (₹ Cr) 2,042.03 47,499 94,068 1,802 P/E (x) 13.03 77 51.5 20.4 P/B (x) 3.26 14.3 10.5 2.2 P/S (x) 0.89 7.85 7.54 1.3
Industry Overview
The company operates in a highly lucrative but intensely competitive and regulated market environment.
Macro Tailwinds: The Indian alcoholic beverage industry is experiencing strong momentum driven by rising disposable incomes, rapid urbanization, and a definitive consumer shift toward premium, branded spirits.
Segment Projections: The Indian Made Foreign Liquor (IMFL) segment is forecasted to maintain an 8-10% annual growth rate over the medium term. Furthermore, the Indian beer market—where Mohan Meakin holds brands like Golden Eagle and Lion —is projected to nearly double, reaching over ₹80,000 Cr by 2033.
Structural Risks: Despite strong cash flow dynamics supported by repeat consumption , the industry faces continuous headwinds from heavy state-level taxation, strict regulatory dependencies, and severe advertising restrictions. Growth for Mohan Meakin will depend heavily on defending its market share against larger giants like United Spirits and Radico Khaitan.
Financial Charts of Mohan Meakin Unlisted Shares
Balance Sheet of Mohan Meakin Unlisted Shares
Profit and Loss of Mohan Meakin Unlisted Shares
Ancillary of Mohan Meakin Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Mohan Meakin Unlisted Shares
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How to buy Mohan Meakin Ltd.?
Below are three ways through which you can purchase Mohan Meakin Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Mohan Meakin Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Mohan Meakin Ltd.?
Below are three ways through which you can sell Mohan Meakin Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Mohan Meakin Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Mohan Meakin Ltd.?
We provide a two way quote on all the shares we deal in. Your buy price for Mohan Meakin Ltd. is ₹2550 and your sell price for Mohan Meakin Ltd. is ₹2350. The price is based on our estimates and market conditions.
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What is the lock-in period of Mohan Meakin Ltd.?
The lock-in period for Mohan Meakin Ltd. varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Mohan Meakin Ltd.
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Mohan Meakin Ltd.
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Mohan Meakin Ltd. price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Mohan Meakin Ltd.. The price is also determined from the most recent funding round for Mohan Meakin Ltd.. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Mohan Meakin Ltd.?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Mohan Meakin Ltd. with us kindly click here.
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What are the financials of Mohan Meakin Ltd.?
The financials of Mohan Meakin Ltd. which includes the P/L of Mohan Meakin Ltd. and the Balance Sheet of Mohan Meakin Ltd. is in the financials section (Click on link).
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Where can I find the annual report of Mohan Meakin Ltd.?
The annual report of Mohan Meakin Ltd. is available in the annual report section (Click on link).
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Is buying Mohan Meakin Ltd. legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Mohan Meakin Ltd.?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Mohan Meakin Ltd. and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Mohan Meakin Ltd. once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Mohan Meakin Ltd.?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Mohan Meakin Ltd. from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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