Meera Industries Ltd
Incorporated in 2006, Meera Industries Ltd manufactures and sale of customized textile machinery, machinery parts and yarns
- Market Cap ₹ 74.6 Cr.
- Current Price ₹ 69.8
- High / Low ₹ 140 / 46.6
- Stock P/E 21.0
- Book Value ₹ 27.0
- Dividend Yield 1.43 %
- ROCE 15.0 %
- ROE 14.2 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 83.0 days to 51.7 days
Cons
- Stock is trading at 2.58 times its book value
- Company has a low return on equity of 4.37% over last 3 years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 47.5 to 60.5 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7.46 | 7.85 | 7.95 | 13.03 | 21.06 | 34.46 | 20.16 | 21.89 | 31.77 | 18.72 | 30.14 | 40.26 | 39.83 | |
| 7.11 | 7.21 | 7.08 | 11.62 | 17.68 | 28.70 | 19.75 | 18.65 | 27.04 | 19.79 | 27.18 | 34.30 | 33.88 | |
| Operating Profit | 0.35 | 0.64 | 0.87 | 1.41 | 3.38 | 5.76 | 0.41 | 3.24 | 4.73 | -1.07 | 2.96 | 5.96 | 5.95 |
| OPM % | 4.69% | 8.15% | 10.94% | 10.82% | 16.05% | 16.72% | 2.03% | 14.80% | 14.89% | -5.72% | 9.82% | 14.80% | 14.94% |
| 0.06 | 0.16 | 0.12 | 0.34 | 0.45 | 0.81 | 0.84 | 0.37 | 0.42 | 0.41 | 0.04 | 0.32 | 0.54 | |
| Interest | 0.06 | 0.03 | 0.03 | 0.03 | 0.04 | 0.08 | 0.04 | 0.03 | 0.22 | 0.10 | 0.11 | 0.22 | 0.35 |
| Depreciation | 0.16 | 0.31 | 0.32 | 0.25 | 0.30 | 0.37 | 0.42 | 0.68 | 1.01 | 1.09 | 1.24 | 1.27 | 1.39 |
| Profit before tax | 0.19 | 0.46 | 0.64 | 1.47 | 3.49 | 6.12 | 0.79 | 2.90 | 3.92 | -1.85 | 1.65 | 4.79 | 4.75 |
| Tax % | 15.79% | 50.00% | 34.38% | 27.21% | 25.21% | 26.63% | 29.11% | 26.55% | 28.32% | 0.00% | 10.91% | 19.00% | |
| 0.16 | 0.23 | 0.42 | 1.06 | 2.61 | 4.49 | 0.56 | 2.12 | 2.81 | -1.84 | 1.47 | 3.89 | 3.64 | |
| EPS in Rs | 0.59 | 0.85 | 1.56 | 1.56 | 2.78 | 4.78 | 0.52 | 1.99 | 2.63 | -1.72 | 1.38 | 3.64 | 3.41 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 26.89% | 33.13% | 26.26% | 190.71% | 60.45% | 0.00% | 0.00% | 0.00% | 13.73% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 15% |
| 3 Years: | 8% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 33% |
| 5 Years: | 50% |
| 3 Years: | 14% |
| TTM: | 56% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | -3% |
| 1 Year: | 49% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 6% |
| 3 Years: | 4% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.11 | 1.11 | 1.11 | 2.85 | 3.93 | 3.93 | 10.68 | 10.68 | 10.68 | 10.68 | 10.68 | 10.68 |
| Reserves | 1.35 | 1.58 | 1.76 | 0.91 | 5.29 | 9.78 | 12.50 | 13.90 | 15.42 | 13.62 | 15.09 | 18.17 |
| 0.15 | 0.15 | 0.08 | 0.01 | 0.28 | 0.00 | 0.00 | 0.00 | 1.25 | 1.01 | 4.15 | 8.21 | |
| 1.89 | 2.11 | 2.80 | 4.14 | 5.36 | 7.64 | 6.08 | 7.97 | 7.96 | 9.88 | 7.05 | 5.63 | |
| Total Liabilities | 4.50 | 4.95 | 5.75 | 7.91 | 14.86 | 21.35 | 29.26 | 32.55 | 35.31 | 35.19 | 36.97 | 42.69 |
| 1.95 | 2.18 | 2.03 | 1.94 | 2.96 | 4.69 | 9.48 | 13.10 | 15.88 | 19.38 | 18.50 | 18.30 | |
| CWIP | 0.21 | 0.00 | 0.00 | 0.00 | 0.11 | 0.00 | 0.17 | 0.57 | 2.90 | 0.02 | 0.37 | 7.32 |
| Investments | 0.00 | 0.00 | 1.12 | 0.25 | 0.82 | 0.65 | 0.71 | 0.69 | 0.39 | 0.15 | 0.15 | 0.16 |
| 2.34 | 2.77 | 2.60 | 5.72 | 10.97 | 16.01 | 18.90 | 18.19 | 16.14 | 15.64 | 17.95 | 16.91 | |
| Total Assets | 4.50 | 4.95 | 5.75 | 7.91 | 14.86 | 21.35 | 29.26 | 32.55 | 35.31 | 35.19 | 36.97 | 42.69 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.44 | 1.44 | 1.65 | 0.23 | -0.49 | 2.44 | -5.63 | 7.41 | 2.58 | 1.39 | -1.39 | 5.46 | |
| -0.28 | -0.60 | -0.74 | -0.11 | -1.83 | -1.59 | -5.33 | -5.02 | -2.45 | -1.32 | -0.69 | -8.37 | |
| -0.10 | -0.06 | -0.08 | 0.25 | 3.21 | -0.85 | 8.91 | -0.74 | -1.59 | -0.33 | 3.06 | 3.11 | |
| Net Cash Flow | 0.06 | 0.77 | 0.83 | 0.38 | 0.89 | 0.00 | -2.05 | 1.65 | -1.46 | -0.26 | 0.98 | 0.20 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 55.29 | 42.31 | 31.22 | 27.73 | 62.91 | 35.17 | 35.85 | 66.86 | 44.00 | 51.86 | 30.15 | 60.47 |
| Inventory Days | 51.94 | 25.12 | 46.92 | 61.67 | 69.50 | 104.26 | 227.43 | 230.30 | 184.87 | 308.39 | 181.15 | 104.99 |
| Days Payable | 86.34 | 73.15 | 88.27 | 85.23 | 75.92 | 83.30 | 119.60 | 137.10 | 107.73 | 194.87 | 59.27 | 51.73 |
| Cash Conversion Cycle | 20.89 | -5.71 | -10.13 | 4.17 | 56.49 | 56.12 | 143.68 | 160.07 | 121.14 | 165.39 | 152.03 | 113.73 |
| Working Capital Days | 20.55 | -10.23 | -49.58 | -13.73 | 42.81 | 46.08 | 120.94 | 117.89 | 88.35 | 93.39 | 103.78 | 51.68 |
| ROCE % | 9.73% | 17.98% | 23.49% | 44.64% | 52.30% | 52.31% | 4.12% | 12.23% | 14.94% | -7.14% | 6.37% | 14.96% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 31 Jul
-
Appointment Of Secretarial Auditor
30 Jul - Q1 FY26 unaudited results approved; secretarial auditor appointed for 5 years; AGM scheduled Sept 11, 2025.
-
Board Meeting Outcome for Board Meeting Outcome
30 Jul - Q1 FY25-26 results approved; secretarial auditor appointed; AGM scheduled for Sept 11, 2025.
-
Results For The Quarter Ended June-2025
30 Jul - Q1 FY26 unaudited results approved; secretarial auditor appointed; AGM scheduled for Sept 11, 2025.
-
Board Meeting Intimation for To Consider, Approve And Take On Record The Un-Audited Standalone And Consolidated Financial Results
For The Quarter Ended June 30, 2025.
23 Jul - Board meeting on July 30 to approve Q1 financials and appoint secretarial auditors.
Annual reports
Concalls
-
Jul 2025TranscriptNotesPPT
Business Overview:[1][2]
The company designs, develops, and sells twisting, cabling, winding, and heat setting machines for the textile industry. Its twisting machines are used in the production of carpets, rugs, threads, twines, and fabrics. In addition, the company is involved in twisting, processing, and selling yarns. It also has a wholly owned subsidiary in the USA.