Meera Industries Ltd
Incorporated in 2006, Meera Industries Ltd manufactures and sale of customized textile machinery, machinery parts and yarns
- Market Cap ₹ 61.2 Cr.
- Current Price ₹ 57.3
- High / Low ₹ 140 / 39.5
- Stock P/E 15.7
- Book Value ₹ 27.0
- Dividend Yield 1.75 %
- ROCE 15.0 %
- ROE 14.2 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- 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
Sector: Capital Goods-Non Electrical Equipment Industry: Textile Machinery
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
7.46 | 7.85 | 7.95 | 13.03 | 21.06 | 34.46 | 20.16 | 21.89 | 31.77 | 18.72 | 30.14 | 40.26 | |
7.11 | 7.21 | 7.08 | 11.62 | 17.68 | 28.70 | 19.75 | 18.65 | 27.04 | 19.79 | 27.18 | 34.30 | |
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 |
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% |
0.06 | 0.16 | 0.12 | 0.34 | 0.45 | 0.81 | 0.84 | 0.37 | 0.42 | 0.41 | 0.04 | 0.32 | |
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 |
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 |
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 |
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 | |
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 |
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: | 34% |
Compounded Profit Growth | |
---|---|
10 Years: | 33% |
5 Years: | 50% |
3 Years: | 14% |
TTM: | 165% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | -15% |
1 Year: | 26% |
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 | 22.02 | -10.23 | -49.58 | -13.73 | 42.81 | 46.08 | 120.94 | 117.89 | 91.11 | 99.05 | 115.89 | 86.85 |
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 20h
-
Appointment Of Internal Auditor
1d - Audited FY25 financial results approved; internal auditor re-appointed; unmodified audit opinion received.
-
Integrated Filing (Financial)
1d - Audited FY25 financial results approved; internal auditor re-appointed; unmodified audit opinion received.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 23.05.2025
1d - Audited FY25 financial results approved; internal auditor re-appointed; unmodified audit opinion received.
-
Board Meeting Intimation for Audited Financial Results For The Financial Year 2024-25
17 May - Board meeting on May 23, 2025, to approve FY24 audited financial results; trading window closed till results announcement.
Business Overview:[1][2]
Company deals in twisting, cabling, winding, and heat setting machines. It designs, develops, and sells machines to various processing and manufacturing units in textile industry. Company's Twisting Machines are used for manufacturing Carpets and Rugs, Threads and Twines, and Textile and Fabrics. Company also does twisting, processing and selling of yarns. Company has a wholly owned subsidiary in USA