Meera Industries Ltd
₹ 49.0
-1.92%
22 Jun
2:16 p.m.
About
Incorporated in 2006, Meera Industries Ltd manufactures and sale of customized textile machinery, machinery parts and yarns
Key Points
- Market Cap ₹ 105 Cr.
- Current Price ₹ 49.0
- High / Low ₹ 68.0 / 28.0
- Stock P/E 140
- Book Value ₹ 13.8
- Dividend Yield 1.02 %
- 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 3.55 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
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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: | 29% |
| 1 Year: | 37% |
| 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 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
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Submitted Annual Secretarial Compliance Report for FY ended 31 March 2026.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Submitted Annual Secretarial Compliance Report for FY ended 31 March 2026.
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Announcement under Regulation 30 (LODR)-Cessation
29 May - Board approved audited FY26 results on May 29, 2026; internal auditor D D R & Co. resigned.
- Financial Results For The Year Ended 2025-2026. 29 May
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Board Meeting Outcome for Outcome Of Board Meeting Held Today 29.05.2026
29 May - Board approved FY26 audited results with unmodified opinion; internal auditor DDR & Co. resigned May 29, 2026.
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.