Meera Industries Ltd
₹ 32.8
0.89%
12 Mar
- close price
About
Incorporated in 2006, Meera Industries Ltd manufactures and sale of customized textile machinery, machinery parts and yarns
Key Points
- Market Cap ₹ 70.0 Cr.
- Current Price ₹ 32.8
- High / Low ₹ 51.7 / 27.0
- Stock P/E 39.8
- Book Value ₹ 14.0
- Dividend Yield 1.52 %
- ROCE 15.0 %
- ROE 14.2 %
- Face Value ₹ 5.00
Pros
- Company's working capital requirements have reduced from 83.0 days to 51.7 days
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 47.6 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
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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 | 35.75 | |
| 7.11 | 7.21 | 7.08 | 11.62 | 17.68 | 28.70 | 19.75 | 18.65 | 27.04 | 19.79 | 27.18 | 34.30 | 31.95 | |
| 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 | 3.80 |
| 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% | 10.63% |
| 0.06 | 0.16 | 0.12 | 0.34 | 0.45 | 0.81 | 0.84 | 0.37 | 0.42 | 0.41 | 0.04 | 0.32 | 0.81 | |
| 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 | 0.63 |
| 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 | 1.66 |
| 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 | 2.32 |
| 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 | 1.85 | |
| EPS in Rs | 0.30 | 0.43 | 0.79 | 0.77 | 1.37 | 2.36 | 0.26 | 0.99 | 1.31 | -0.86 | 0.69 | 1.82 | 0.86 |
| 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: | -15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 33% |
| 5 Years: | 50% |
| 3 Years: | 14% |
| TTM: | -57% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -5% |
| 3 Years: | 19% |
| 1 Year: | 1% |
| 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 | Sep 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 | 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 | 19.33 |
| 0.15 | 0.15 | 0.08 | 0.01 | 0.28 | 0.00 | 0.00 | 0.00 | 1.25 | 1.01 | 4.15 | 8.21 | 7.78 | |
| 1.89 | 2.11 | 2.80 | 4.14 | 5.36 | 7.64 | 6.08 | 7.97 | 7.96 | 9.88 | 7.06 | 5.63 | 7.56 | |
| Total Liabilities | 4.50 | 4.95 | 5.75 | 7.91 | 14.86 | 21.35 | 29.26 | 32.55 | 35.31 | 35.19 | 36.98 | 42.69 | 45.35 |
| 1.95 | 2.18 | 2.03 | 1.94 | 2.96 | 4.69 | 9.48 | 13.10 | 15.88 | 19.38 | 18.50 | 18.30 | 25.20 | |
| 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 | 0.00 |
| 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 | 0.14 |
| 2.34 | 2.77 | 2.60 | 5.72 | 10.97 | 16.01 | 18.90 | 18.19 | 16.14 | 15.64 | 17.96 | 16.91 | 20.01 | |
| Total Assets | 4.50 | 4.95 | 5.75 | 7.91 | 14.86 | 21.35 | 29.26 | 32.55 | 35.31 | 35.19 | 36.98 | 42.69 | 45.35 |
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 | 30.40 | 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 | 57.61 | 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 | 153.93 | 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% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Export Countries Presence Number |
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| Machines Produced/Sold Units |
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| Capacity Utilization - Twister Machine % |
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| Installed Capacity - Twister Machine Pcs. |
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| Advanced Machinery Lines Number |
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| CPP Film Division Installed Capacity TPM |
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| Customer Count Number |
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| Spindles Sold Million |
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| Surat Facility Capacity Utilization % |
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Documents
Announcements
-
Intimation For Credit Confirmation Of Shares Received From Depositories With Regard To Split/Sub-Division Of Equity Shares Of The Company
2d - Shares split 1:2 (Rs10→Rs5); new ISIN INE343X01026 credited 07-Mar-2026.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
19 Feb - Secured ₹2.03 Crore domestic order (18 Feb 2026) for filament twister for PP sewing thread; delivery by Q1 FY2026-27.
- Intimation Of Record Date For Split Issue 13 Feb
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Appointment Of CFO
13 Feb - Approved unaudited Q3/9M results; MD Dharmesh Desai appointed CFO Feb 13, 2026; record date Mar 6, 2026 for 1:2 split.
- Financial Results Q3- 2025-26 13 Feb
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.