Meera Industries Ltd
Incorporated in 2006, Meera Industries Ltd manufactures and sale of customized textile machinery, machinery parts and yarns
- Market Cap ₹ 72.7 Cr.
- Current Price ₹ 68.1
- High / Low ₹ 140 / 54.0
- Stock P/E 20.0
- Book Value ₹ 27.3
- Dividend Yield 1.47 %
- ROCE 14.3 %
- ROE 13.4 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 87.4 days to 55.7 days
Cons
- Company has a low return on equity of 4.84% over last 3 years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 44.2 to 58.2 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13.03 | 21.44 | 35.43 | 20.27 | 22.35 | 31.66 | 20.34 | 30.14 | 39.85 | 40.46 | |
| 11.62 | 18.20 | 29.32 | 19.91 | 19.14 | 26.88 | 20.79 | 27.18 | 34.06 | 34.40 | |
| Operating Profit | 1.41 | 3.24 | 6.11 | 0.36 | 3.21 | 4.78 | -0.45 | 2.96 | 5.79 | 6.06 |
| OPM % | 10.82% | 15.11% | 17.25% | 1.78% | 14.36% | 15.10% | -2.21% | 9.82% | 14.53% | 14.98% |
| 0.34 | 0.45 | 0.95 | 0.84 | 0.37 | 0.23 | 0.27 | 0.04 | 0.32 | 0.42 | |
| Interest | 0.03 | 0.04 | 0.08 | 0.03 | 0.03 | 0.22 | 0.10 | 0.11 | 0.22 | 0.35 |
| Depreciation | 0.25 | 0.30 | 0.38 | 0.43 | 0.69 | 1.02 | 1.09 | 1.24 | 1.27 | 1.39 |
| Profit before tax | 1.47 | 3.35 | 6.60 | 0.74 | 2.86 | 3.77 | -1.37 | 1.65 | 4.62 | 4.74 |
| Tax % | 27.21% | 26.27% | 25.45% | 31.08% | 25.17% | 29.44% | 0.00% | 10.91% | 19.70% | |
| 1.06 | 2.47 | 4.92 | 0.52 | 2.15 | 2.67 | -1.37 | 1.46 | 3.72 | 3.63 | |
| EPS in Rs | 1.56 | 2.63 | 5.23 | 0.49 | 2.01 | 2.50 | -1.28 | 1.37 | 3.48 | 3.40 |
| Dividend Payout % | 26.89% | 35.00% | 23.96% | 205.38% | 59.61% | 20.00% | 0.00% | 0.00% | 14.35% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 8% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 51% |
| 3 Years: | 12% |
| TTM: | 59% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | -1% |
| 1 Year: | 7% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 5% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.85 | 3.93 | 3.93 | 10.68 | 10.68 | 10.68 | 10.68 | 10.68 | 10.68 |
| Reserves | 0.91 | 5.11 | 10.01 | 12.68 | 14.09 | 15.47 | 14.11 | 15.57 | 18.48 |
| 0.01 | 0.28 | 0.00 | 0.00 | 0.00 | 1.25 | 1.01 | 4.15 | 8.21 | |
| 4.14 | 5.35 | 7.71 | 6.23 | 8.05 | 8.58 | 9.91 | 7.08 | 5.88 | |
| Total Liabilities | 7.91 | 14.67 | 21.65 | 29.59 | 32.82 | 35.98 | 35.71 | 37.48 | 43.25 |
| 1.94 | 2.99 | 4.71 | 9.50 | 13.12 | 15.90 | 19.40 | 18.51 | 18.31 | |
| CWIP | 0.00 | 0.11 | 0.00 | 0.17 | 0.57 | 2.90 | 0.02 | 0.37 | 7.32 |
| Investments | 0.25 | 0.18 | 0.00 | 0.06 | 0.05 | 0.06 | 0.07 | 0.07 | 0.08 |
| 5.72 | 11.39 | 16.94 | 19.86 | 19.08 | 17.12 | 16.22 | 18.53 | 17.54 | |
| Total Assets | 7.91 | 14.67 | 21.65 | 29.59 | 32.82 | 35.98 | 35.71 | 37.48 | 43.25 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 0.23 | -1.06 | 2.40 | -5.60 | 7.49 | 3.10 | 1.64 | -1.39 | 5.46 | |
| -0.11 | -1.21 | -1.59 | -5.33 | -5.15 | -2.85 | -1.70 | -0.69 | -8.37 | |
| 0.25 | 3.21 | -0.85 | 8.91 | -0.74 | -1.57 | -0.33 | 3.06 | 3.11 | |
| Net Cash Flow | 0.38 | 0.95 | -0.04 | -2.02 | 1.60 | -1.32 | -0.39 | 0.98 | 0.20 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 27.73 | 56.35 | 35.13 | 33.13 | 66.47 | 37.24 | 45.58 | 28.82 | 58.16 |
| Inventory Days | 61.67 | 91.40 | 118.81 | 265.28 | 250.92 | 219.71 | 313.07 | 195.50 | 120.84 |
| Days Payable | 85.23 | 77.15 | 83.67 | 122.19 | 134.77 | 110.74 | 184.85 | 57.61 | 52.28 |
| Cash Conversion Cycle | 4.17 | 70.59 | 70.27 | 176.22 | 182.62 | 146.21 | 173.80 | 166.71 | 126.73 |
| Working Capital Days | -13.73 | 48.35 | 53.36 | 133.61 | 128.69 | 91.31 | 96.01 | 110.57 | 55.69 |
| ROCE % | 50.88% | 56.32% | 3.75% | 11.97% | 15.22% | -4.77% | 6.26% | 14.28% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 2 Sep
-
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
30 Aug - Promoter Dharmeshkumar Desai bought 15,000 Meera shares on 26 Aug 2025, holdings now 22.30%.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
19 Aug - USD 135,000 repeat export orders (18 Aug 2025) for TPRS and Spun Twister to Indonesia and South Africa.
-
Reg. 34 (1) Annual Report.
15 Aug - Meera Industries FY 2024-25 Annual Report: Revenue Rs 40.58 Cr, PAT Rs 3.89 Cr, dividend declared, new CPP film division.
- 19Th AGM NOTICE 14 Aug
Annual reports
Concalls
-
Jul 2025TranscriptNotesPPT
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.