About Merritronix
Merritronix is a publicly listed company based in Hyderabad (India) founded in 1994. Potato farming, grain marketing, and equipment services in Maine. It operates in the Agriculture and Industrial Goods & Manufacturing sectors. The company has 25 employees. Its Indian entity Merritronix Ltd. reported revenue of ₹156 Cr. Merritronix offers products and services including Potatoes and Grain Marketing. Its focus areas include Food and Agriculture, Potato Farming, Grain Marketing and Industrial Supplies.
Company details
Merritronix is recognized for its activities in the food and agriculture sectors, where potato farming and grain marketing are carried out. Operations in industrial supplies, including agricultural equipment and lubricants, are also managed. The company is situated in the USA and focuses on B2B models for distribution. Products like potatoes are produced and marketed, while services support farming needs. Involvement in these areas is noted for their role in agricultural practices, with efforts directed towards operational efficiency.
- Headquarters Hyderabad, India
- Employees 25
- Stage Public
- SectorsAgricultureIndustrial Goods & Manufacturing
- Legal Name Merritronix Ltd.
- Market Cap₹714 Cr
MRTX · BSE
- Share Price₹401.00
-1.81% today
- Revenue₹156 Cr
FY 2025-26 · +37.3% YoY
- EBITDA₹27.23 Cr
Margin 17.5%
- Net Profit₹16.11 Cr
FY 2025-26 · +86.2% YoY
- ROE46.0%
ROCE 40.8%
- Debt / Equity0.88
Interest cover 15.2x
- Employee Count25
Associated legal entities of Merritronix
Merritronix is associated with 2 registered companies on The Company Check; the primary company is Merritronix Ltd., a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Merritronix Ltd. Listed CIN U32100TG1988PLC155611 | Active | 14 Oct 1988 | Hyderabad, Telangana | ₹156 Cr | 25 | 8 | View details |
| Merritronix Pvt Ltd. CIN U32100TG1988PTC155611 | 14 Oct 1988 | Hyderabad, Telangana, India | View details |
Products & Services of Merritronix
Merritronix offers a comprehensive portfolio of products and services, including Potatoes and Grain Marketing.
Potatoes are farmed and sold for food and industrial purposes by the company
Grains are promoted and distributed from farms by the company
Board of directors of Merritronix Ltd. (Merritronix)
Merritronix Ltd. is the primary company behind Merritronix. The board of Merritronix Ltd. currently have 6 directors; the longest-serving is Dovari Amarnath, appointed in 1988. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dovari Amarnath DIN 01265446 | Managing Director | 14 Oct 1988 | 38 yrs | Merritronix Ltd. |
| Kethan Chandra Darsy DIN 09753724 | Director | 03 Oct 2022 | 4 yrs | Merritronix Ltd. |
| Dovari Yesudas DIN 01794872 | Director | 31 May 2023 | 3 yrs 4 mo | Merritronix Ltd. |
| Ravi Bandreddi DIN 07406992 | Director | 01 Aug 2025 | 1 yr 2 mo | Merritronix Ltd. |
| Sridevi Madati DIN 02446610 | Director | 01 Aug 2025 | 1 yr 2 mo | Merritronix Ltd. |
| Ramalakshmana Rao Pavuluri DIN 01852484 | Director | 01 Aug 2025 | 1 yr 2 mo | Merritronix Ltd. |
IPO & Listings of Merritronix
Merritronix is a publicly listed company on the BSE with ticker symbol MRTX in India, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date08 Jun 2026
- Listed onBSE: MRTX
- Listed entityMerritronix Ltd.
- Exchange sectorElectronic technology
- ISININE1RQS01010
- Share price₹447.00 (+11.37% on the day) · 2026-10-14
- Market capitalisation₹724 Cr
- Volume (last session)370,000
Financials of Merritronix
Exchange-reported figures of Merritronix Ltd., the listed company behind Merritronix (BSE: MRTX).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 156 | 114 | 85.70 | 53.17 | 16.49 |
| Revenue growth | +37.3% | +32.5% | +61.2% | +222.4% | - |
| EBITDA | 27.23 | 15.13 | 6.57 | 1.89 | 1.51 |
| EBITDA margin | +17.5% | +13.3% | +7.7% | +3.6% | +9.2% |
| Profit before tax | 23.03 | 12.39 | 4.29 | 0.48 | 0.23 |
| Net profit | 16.11 | 8.65 | 3.04 | 0.29 | 0.22 |
| Net profit margin | +10.3% | +7.6% | +3.6% | +0.6% | +1.3% |
| EPS (₹) | 12.60 | 59.64 | 210.08 | 21.08 | 14.00 |
| Balance sheet | |||||
| Total assets | 96.81 | 35.92 | 24.34 | 19.51 | 14.19 |
| Net worth | 53.12 | 16.84 | 8.18 | 5.31 | 5.30 |
| Total debt | 43.20 | 18.57 | 15.81 | 14.00 | 8.68 |
| Cash & bank | 25.70 | 2.42 | 3.91 | 0.30 | 0.55 |
| Net working capital | 91.04 | 32.00 | 15.88 | 13.61 | 11.94 |
| Cash flow | |||||
| Cash from operations | (23.38) | (6.64) | 4.53 | (0.85) | - |
| Cash from investing | (2.59) | 4.48 | (2.23) | (2.82) | - |
| Cash from financing | 41.15 | 0.74 | 0.27 | 3.81 | - |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 156 | 114 | 85.70 | 53.17 | 16.49 |
| Revenue growth | +37.3% | +32.5% | +61.2% | +222.4% | - |
| Other income | 0.35 | 0.48 | 0.31 | 0.09 | 0.06 |
| Total expenses | 129 | 98.43 | 79.13 | 51.28 | 14.98 |
| Employee cost | 1.97 | 1.41 | 1.45 | 1.23 | 0.99 |
| EBITDA | 27.23 | 15.13 | 6.57 | 1.89 | 1.51 |
| EBITDA margin | +17.5% | +13.3% | +7.7% | +3.6% | +9.2% |
| Depreciation | 0.47 | 0.39 | 0.41 | 0.34 | 0.30 |
| Interest | 4.08 | 2.83 | 2.18 | 1.16 | 1.04 |
| Profit before tax | 23.03 | 12.39 | 4.29 | 0.48 | 0.23 |
| Tax | 6.92 | 3.74 | 1.25 | 0.19 | 0.01 |
| Net profit | 16.11 | 8.65 | 3.04 | 0.29 | 0.22 |
| Net profit margin | +10.3% | +7.6% | +3.6% | +0.6% | +1.3% |
| EPS (₹) | 12.60 | 59.64 | 210.08 | 21.08 | 14.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 12.78 | 1.45 | 1.45 | 1.45 | 1.45 |
| Reserves & surplus | 40.34 | 15.39 | 6.73 | 3.86 | 3.85 |
| Shareholders' funds (net worth) | 53.12 | 16.84 | 8.18 | 5.31 | 5.30 |
| Secured loans | 39.65 | 14.71 | 10.65 | 9.35 | 6.75 |
| Unsecured loans | 3.55 | 3.86 | 5.16 | 4.65 | 1.93 |
| Total debt | 43.20 | 18.57 | 15.81 | 14.00 | 8.68 |
| Total liabilities | 96.81 | 35.92 | 24.34 | 19.51 | 14.19 |
| Assets | |||||
| Gross block | 11.76 | 9.11 | 9.07 | 9.06 | 6.24 |
| Net block | 5.92 | 3.74 | 4.10 | 4.63 | 2.15 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 71.31 | 39.69 | 33.50 | 9.83 | 10.08 |
| Sundry debtors | 36.55 | 20.36 | 11.19 | 23.51 | 10.54 |
| Cash & bank balances | 25.70 | 2.42 | 3.91 | 0.30 | 0.55 |
| Loans & advances | 14.88 | 7.63 | 11.15 | 3.95 | 1.37 |
| Total current assets | 148 | 70.10 | 59.75 | 37.59 | 22.54 |
| Total current liabilities | 57.40 | 38.10 | 43.87 | 23.98 | 10.60 |
| Net working capital | 91.04 | 32.00 | 15.88 | 13.61 | 11.94 |
| Total assets | 96.81 | 35.92 | 24.34 | 19.51 | 14.19 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 1.45 | 2.87 | 0.30 | 0.16 | - |
| Net cash from operating activities | (23.38) | (6.64) | 4.53 | (0.85) | - |
| Net cash from investing activities | (2.59) | 4.48 | (2.23) | (2.82) | - |
| Net cash from financing activities | 41.15 | 0.74 | 0.27 | 3.81 | - |
| Net change in cash | 15.18 | (1.42) | 2.58 | 0.14 | - |
| Closing cash | 25.70 | 2.42 | 3.91 | 0.30 | - |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | +37.3% | +32.5% | +61.2% | +222.4% | - |
| EBITDA growth | +80.0% | +130.3% | +247.6% | +25.2% | - |
| PBT growth | +85.9% | +188.8% | +793.8% | +108.7% | +9997.0% |
| Net income growth | +86.2% | +184.5% | +948.3% | +31.8% | - |
| Revenue CAGR (3Y) | +43.1% | +90.3% | - | - | - |
| EBITDA CAGR (3Y) | +143.3% | +115.6% | - | - | - |
| Profitability & leverage | |||||
| Net income margin | +10.3% | +7.6% | +3.6% | +0.6% | +1.3% |
| Return on capital employed | +40.8% | +50.6% | +29.5% | +9.9% | +8.8% |
| Return on net worth | +46.0% | +69.2% | +45.2% | +5.8% | +3.8% |
| Debt / equity | 0.88 | 1.37 | 2.21 | 2.14 | 1.64 |
| Long-term debt / equity | 0.14 | 0.43 | 1.03 | 1.16 | 0.80 |
| Interest cover | 15.25 | 19.20 | 35.39 | 74.84 | 85.95 |
| Efficiency & per share | |||||
| Fixed asset turnover | 14.94 | 12.49 | 9.45 | 6.95 | 2.64 |
| Inventory turnover | 2.81 | 3.10 | 3.96 | 5.34 | 1.64 |
| Debtors turnover | 5.48 | 7.20 | 4.94 | 3.12 | 1.56 |
| EPS (₹) | 12.60 | 59.64 | 210.08 | 21.08 | 14.00 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 41.56 | 115.99 | 563.50 | 366.18 | 365.47 |
Top companies in Agricultural Trading
3 companies that operate in the same segment as Merritronix (Agricultural Trading) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Potato farming, grain marketing, and equipment services in Maine. | 2000 | Gurugram, Haryana, India | ||||
Food processing, export of agro commodities, and production of branded products in India. | 1865 | Mumbai, Maharashtra, India | USD 1.61 B | 444 | ||
Manufacturer of chemical fertilizers and seeds | 1985 | Delhi, Delhi, India | USD 742.24 M | 3,320 |
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Frequently Asked Questions about Merritronix
Merritronix was founded in 1994.
Merritronix is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Merritronix has 25 employees.
The primary company behind Merritronix, Merritronix Ltd., reported revenue of ₹156 Cr for FY 2026, up 37% year on year.
Merritronix is recognized for its activities in the food and agriculture sectors, where potato farming and grain marketing are carried out. Operations in industrial supplies, including agricultural equipment and lubricants, are also managed. The company is situated in the USA and focuses on B2B models for distribution. Products like potatoes are produced and marketed, while services support farming needs. Involvement in these areas is noted for their role in agricultural practices, with efforts directed towards operational efficiency.
Merritronix offers Potatoes and Grain Marketing.
Yes, Merritronix is publicly traded on BSE under the ticker symbol MRTX.
Merritronix operates through Merritronix Ltd..
The legal entities of Merritronix currently have 7 directors, including Dovari Yesudas, Dovari Amarnath, Kethan Chandra Darsy and others.