Meera Industries Ltd
Incorporated in 2006, Meera Industries Ltd is engaged in the manufacturing and selling of customized textile machinery and machinery parts and trading and manufacturing of yarn.[1]
- Market Cap ₹ 86.9 Cr.
- Current Price ₹ 40.7
- High / Low ₹ 68.0 / 28.0
- Stock P/E 116
- Book Value ₹ 13.8
- Dividend Yield 1.23 %
- ROCE 4.69 %
- ROE 2.57 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 25.5%
- Company's working capital requirements have reduced from 64.9 days to 39.3 days
Cons
- Stock is trading at 2.95 times its book value
- Company has a low return on equity of 7.50% over last 3 years.
- Earnings include an other income of Rs.1.00 Cr.
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7.85 | 7.95 | 13.03 | 21.06 | 34.46 | 20.16 | 21.89 | 31.77 | 18.72 | 30.14 | 40.26 | 36.75 | |
| 7.21 | 7.08 | 11.62 | 17.68 | 28.70 | 19.75 | 18.65 | 27.04 | 19.79 | 27.18 | 34.30 | 34.15 | |
| Operating Profit | 0.64 | 0.87 | 1.41 | 3.38 | 5.76 | 0.41 | 3.24 | 4.73 | -1.07 | 2.96 | 5.96 | 2.60 |
| OPM % | 8.15% | 10.94% | 10.82% | 16.05% | 16.72% | 2.03% | 14.80% | 14.89% | -5.72% | 9.82% | 14.80% | 7.07% |
| 0.16 | 0.12 | 0.34 | 0.45 | 0.81 | 0.84 | 0.37 | 0.42 | 0.41 | 0.04 | 0.32 | 1.00 | |
| Interest | 0.03 | 0.03 | 0.03 | 0.04 | 0.08 | 0.04 | 0.03 | 0.22 | 0.10 | 0.11 | 0.22 | 0.83 |
| Depreciation | 0.31 | 0.32 | 0.25 | 0.30 | 0.37 | 0.42 | 0.68 | 1.01 | 1.09 | 1.24 | 1.27 | 1.78 |
| Profit before tax | 0.46 | 0.64 | 1.47 | 3.49 | 6.12 | 0.79 | 2.90 | 3.92 | -1.85 | 1.65 | 4.79 | 0.99 |
| Tax % | 50.00% | 34.38% | 27.21% | 25.21% | 26.63% | 29.11% | 26.55% | 28.32% | 0.00% | 10.91% | 19.00% | 15.15% |
| 0.23 | 0.42 | 1.06 | 2.61 | 4.49 | 0.56 | 2.12 | 2.81 | -1.84 | 1.47 | 3.89 | 0.85 | |
| EPS in Rs | 0.43 | 0.79 | 0.77 | 1.37 | 2.36 | 0.26 | 0.99 | 1.31 | -0.86 | 0.69 | 1.82 | 0.40 |
| Dividend Payout % | 0.00% | 0.00% | 26.89% | 33.13% | 26.26% | 190.71% | 60.45% | 0.00% | 0.00% | 0.00% | 13.73% | 62.82% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 11% |
| 3 Years: | 25% |
| TTM: | -9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | -19% |
| 3 Years: | 34% |
| TTM: | -81% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -1% |
| 3 Years: | 20% |
| 1 Year: | 16% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 5% |
| 3 Years: | 8% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 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 | 1.58 | 1.76 | 0.91 | 5.29 | 9.78 | 12.50 | 13.90 | 15.42 | 13.62 | 15.09 | 18.17 | 18.78 |
| 0.15 | 0.08 | 0.01 | 0.28 | 0.00 | 0.00 | 0.00 | 1.25 | 1.01 | 4.15 | 8.21 | 5.93 | |
| 2.11 | 2.80 | 4.14 | 5.36 | 7.64 | 6.08 | 7.97 | 7.96 | 9.88 | 7.06 | 5.63 | 9.69 | |
| Total Liabilities | 4.95 | 5.75 | 7.91 | 14.86 | 21.35 | 29.26 | 32.55 | 35.31 | 35.19 | 36.98 | 42.69 | 45.08 |
| 2.18 | 2.03 | 1.94 | 2.96 | 4.69 | 9.48 | 13.10 | 15.88 | 19.38 | 18.50 | 18.30 | 24.71 | |
| CWIP | 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 | 1.12 | 0.25 | 0.82 | 0.65 | 0.71 | 0.69 | 0.39 | 0.15 | 0.15 | 0.16 | 0.84 |
| 2.77 | 2.60 | 5.72 | 10.97 | 16.01 | 18.90 | 18.19 | 16.14 | 15.64 | 17.96 | 16.91 | 19.53 | |
| Total Assets | 4.95 | 5.75 | 7.91 | 14.86 | 21.35 | 29.26 | 32.55 | 35.31 | 35.19 | 36.98 | 42.69 | 45.08 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.44 | 1.65 | 0.23 | -0.49 | 2.44 | -5.63 | 7.41 | 2.58 | 1.39 | -1.39 | 5.46 | 6.33 | |
| -0.60 | -0.74 | -0.11 | -1.83 | -1.59 | -5.33 | -5.02 | -2.45 | -1.32 | -0.69 | -8.37 | -2.49 | |
| -0.06 | -0.08 | 0.25 | 3.21 | -0.85 | 8.91 | -0.74 | -1.59 | -0.33 | 3.06 | 3.11 | -3.29 | |
| Net Cash Flow | 0.77 | 0.83 | 0.38 | 0.89 | 0.00 | -2.05 | 1.65 | -1.46 | -0.26 | 0.98 | 0.20 | 0.54 |
| Free Cash Flow | 1.11 | 1.06 | 0.06 | -1.91 | 0.58 | -10.97 | 3.09 | -1.46 | -0.32 | -2.10 | -2.99 | 5.45 |
| CFO/OP | 256% | 229% | 48% | 8% | 74% | -1,259% | 237% | 82% | -192% | -48% | 97% | 277% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 42.31 | 31.22 | 27.73 | 62.91 | 35.17 | 35.85 | 66.86 | 44.00 | 51.86 | 30.40 | 60.47 | 45.09 |
| Inventory Days | 25.12 | 46.92 | 61.67 | 69.50 | 104.26 | 227.43 | 230.30 | 184.87 | 308.39 | 181.15 | 104.99 | 138.64 |
| Days Payable | 73.15 | 88.27 | 85.23 | 75.92 | 83.30 | 119.60 | 137.10 | 107.73 | 194.87 | 57.61 | 51.73 | 100.42 |
| Cash Conversion Cycle | -5.71 | -10.13 | 4.17 | 56.49 | 56.12 | 143.68 | 160.07 | 121.14 | 165.39 | 153.93 | 113.73 | 83.31 |
| Working Capital Days | -10.23 | -49.58 | -13.73 | 42.81 | 46.08 | 120.94 | 117.89 | 88.35 | 93.39 | 103.78 | 51.68 | 39.33 |
| ROCE % | 17.98% | 23.49% | 44.64% | 52.30% | 52.31% | 4.12% | 12.23% | 14.94% | -7.14% | 6.37% | 14.96% | 4.69% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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| Export Revenue INR Lakhs |
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| Foreign Exchange Earnings (FOB value of exports) INR Lakhs |
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| R&D Expense INR Lakhs |
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Extracted by Screener AI
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Jul
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2 Jul - Meera Industries wins ₹7.95 crore domestic order from DNB Textiles; execution by Q2 FY27.
- Closure of Trading Window 29 Jun
-
Appointment Of Internal Auditor
26 Jun - Board appointed M R Bombaywala & Co. as statutory auditor for FY2026-27 to FY2030-31, and Christie & Co. as internal auditor for FY2026-27.
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Board Meeting Outcome for Outcome Of Board Meeting
26 Jun - Board approved M R Bombaywala & Co. as statutory auditor for FY2026-27 to FY2030-31 and Christie & Co. as internal auditor for FY2026-27.
Business Overview:[1]
MIL is an ISO 9001 Certified company which is in the business of providing high-tech textile CE complaint machinery. The company manufactures high speed precision winding for technical textiles twines & ropes. It has sold 1 Mn+ Spindles in India and abroad.