Meera Industries Ltd
Incorporated in 2006, Meera Industries Ltd manufactures and sale of customized textile machinery, machinery parts and yarns
- Market Cap ₹ 85.9 Cr.
- Current Price ₹ 80.4
- High / Low ₹ 140 / 35.0
- Stock P/E 26.4
- Book Value ₹ 26.0
- Dividend Yield 0.62 %
- ROCE 6.37 %
- ROE 5.87 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Debtor days have improved from 42.0 to 30.2 days.
Cons
- Stock is trading at 3.10 times its book value
- The company has delivered a poor sales growth of -2.64% over past five years.
- Company has a low return on equity of 2.81% over last 3 years.
- Company might be capitalizing the interest cost
* 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 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
7.12 | 7.46 | 7.85 | 7.95 | 13.03 | 21.06 | 34.46 | 20.16 | 21.89 | 31.77 | 18.72 | 30.14 | 38.02 | |
6.84 | 7.11 | 7.21 | 7.08 | 11.62 | 17.68 | 28.70 | 19.75 | 18.65 | 27.04 | 19.79 | 27.18 | 33.12 | |
Operating Profit | 0.28 | 0.35 | 0.64 | 0.87 | 1.41 | 3.38 | 5.76 | 0.41 | 3.24 | 4.73 | -1.07 | 2.96 | 4.90 |
OPM % | 3.93% | 4.69% | 8.15% | 10.94% | 10.82% | 16.05% | 16.72% | 2.03% | 14.80% | 14.89% | -5.72% | 9.82% | 12.89% |
0.12 | 0.06 | 0.16 | 0.12 | 0.34 | 0.45 | 0.81 | 0.84 | 0.37 | 0.42 | 0.41 | 0.04 | 0.19 | |
Interest | 0.12 | 0.06 | 0.03 | 0.03 | 0.03 | 0.04 | 0.08 | 0.04 | 0.03 | 0.22 | 0.10 | 0.11 | 0.15 |
Depreciation | 0.16 | 0.16 | 0.31 | 0.32 | 0.25 | 0.30 | 0.37 | 0.42 | 0.68 | 1.01 | 1.09 | 1.24 | 1.26 |
Profit before tax | 0.12 | 0.19 | 0.46 | 0.64 | 1.47 | 3.49 | 6.12 | 0.79 | 2.90 | 3.92 | -1.85 | 1.65 | 3.68 |
Tax % | 50.00% | 15.79% | 50.00% | 34.38% | 27.21% | 25.21% | 26.63% | 29.11% | 26.55% | 28.32% | 0.00% | 10.91% | |
0.06 | 0.16 | 0.23 | 0.42 | 1.06 | 2.61 | 4.49 | 0.56 | 2.12 | 2.81 | -1.84 | 1.47 | 3.25 | |
EPS in Rs | 0.22 | 0.59 | 0.85 | 1.56 | 1.56 | 2.78 | 4.78 | 0.52 | 1.99 | 2.63 | -1.72 | 1.38 | 3.04 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 26.89% | 33.13% | 26.26% | 190.71% | 60.45% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | -3% |
3 Years: | 11% |
TTM: | 72% |
Compounded Profit Growth | |
---|---|
10 Years: | 25% |
5 Years: | -20% |
3 Years: | -11% |
TTM: | 616% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 3% |
1 Year: | 108% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 4% |
3 Years: | 3% |
Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1.11 | 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 | 1.19 | 1.35 | 1.58 | 1.76 | 0.91 | 5.29 | 9.78 | 12.50 | 13.90 | 15.42 | 13.62 | 15.09 | 17.04 |
0.23 | 0.15 | 0.15 | 0.08 | 0.01 | 0.28 | 0.00 | 0.00 | 0.00 | 1.25 | 1.01 | 4.15 | 5.85 | |
3.73 | 1.89 | 2.11 | 2.80 | 4.14 | 5.36 | 7.64 | 6.08 | 7.97 | 7.96 | 9.88 | 7.05 | 11.56 | |
Total Liabilities | 6.26 | 4.50 | 4.95 | 5.75 | 7.91 | 14.86 | 21.35 | 29.26 | 32.55 | 35.31 | 35.19 | 36.97 | 45.13 |
2.02 | 1.95 | 2.18 | 2.03 | 1.94 | 2.96 | 4.69 | 9.48 | 13.10 | 15.88 | 19.38 | 18.50 | 18.23 | |
CWIP | 0.00 | 0.21 | 0.00 | 0.00 | 0.00 | 0.11 | 0.00 | 0.17 | 0.57 | 2.90 | 0.02 | 0.37 | 5.15 |
Investments | 0.00 | 0.00 | 0.00 | 1.12 | 0.25 | 0.82 | 0.65 | 0.71 | 0.69 | 0.39 | 0.15 | 0.15 | 0.16 |
4.24 | 2.34 | 2.77 | 2.60 | 5.72 | 10.97 | 16.01 | 18.90 | 18.19 | 16.14 | 15.64 | 17.95 | 21.59 | |
Total Assets | 6.26 | 4.50 | 4.95 | 5.75 | 7.91 | 14.86 | 21.35 | 29.26 | 32.55 | 35.31 | 35.19 | 36.97 | 45.13 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.57 | 0.44 | 1.44 | 1.65 | 0.23 | -0.49 | 2.44 | -5.63 | 7.41 | 2.58 | 1.39 | -1.39 | |
0.01 | -0.28 | -0.60 | -0.74 | -0.11 | -1.83 | -1.59 | -5.33 | -5.02 | -2.45 | -1.32 | -0.69 | |
-0.47 | -0.10 | -0.06 | -0.08 | 0.25 | 3.21 | -0.85 | 8.91 | -0.74 | -1.59 | -0.33 | 3.06 | |
Net Cash Flow | 0.10 | 0.06 | 0.77 | 0.83 | 0.38 | 0.89 | 0.00 | -2.05 | 1.65 | -1.46 | -0.26 | 0.98 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 104.58 | 55.29 | 42.31 | 31.22 | 27.73 | 62.91 | 35.17 | 35.85 | 66.86 | 44.00 | 51.86 | 30.15 |
Inventory Days | 136.88 | 51.94 | 25.12 | 46.92 | 61.67 | 69.50 | 104.26 | 227.43 | 230.30 | 184.87 | 308.39 | 181.15 |
Days Payable | 112.49 | 86.34 | 73.15 | 88.27 | 85.23 | 75.92 | 83.30 | 119.60 | 137.10 | 107.73 | 194.87 | 59.27 |
Cash Conversion Cycle | 128.96 | 20.89 | -5.71 | -10.13 | 4.17 | 56.49 | 56.12 | 143.68 | 160.07 | 121.14 | 165.39 | 152.03 |
Working Capital Days | 29.22 | 22.02 | -10.23 | -49.58 | -13.73 | 42.81 | 46.08 | 120.94 | 117.89 | 91.11 | 99.05 | 115.89 |
ROCE % | 9.16% | 9.73% | 17.98% | 23.49% | 44.64% | 52.30% | 52.31% | 4.12% | 12.23% | 14.94% | -7.14% | 6.37% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Oct
-
Appointment Of An Independent Director.
29 Oct - Board meeting outcomes including financial results and director appointment.
-
Financial Results For The Quarter And Half Year Ended 30 September, 2024
29 Oct - Board meeting outcomes including financial results and director appointment.
-
Board Meeting Outcome for Outcome Of Board Meeting
29 Oct - Board approved financial results and director appointments.
-
Board Meeting Intimation for Approval Of Financial Results
22 Oct - Board meeting scheduled for financial results and director appointment.
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