Meera Industries Ltd
Incorporated in 2006, Meera Industries Ltd manufactures and sale of customized textile machinery, machinery parts and yarns
- Market Cap ₹ 69.3 Cr.
- Current Price ₹ 64.9
- High / Low ₹ 84.8 / 54.0
- Stock P/E 24.2
- Book Value ₹ 28.5
- Dividend Yield 1.54 %
- 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 | 39.25 | |
| 11.62 | 18.20 | 29.32 | 19.91 | 19.14 | 26.88 | 20.79 | 27.18 | 34.06 | 33.89 | |
| Operating Profit | 1.41 | 3.24 | 6.11 | 0.36 | 3.21 | 4.78 | -0.45 | 2.96 | 5.79 | 5.36 |
| OPM % | 10.82% | 15.11% | 17.25% | 1.78% | 14.36% | 15.10% | -2.21% | 9.82% | 14.53% | 13.66% |
| 0.34 | 0.45 | 0.95 | 0.84 | 0.37 | 0.23 | 0.27 | 0.04 | 0.32 | 0.47 | |
| Interest | 0.03 | 0.04 | 0.08 | 0.03 | 0.03 | 0.22 | 0.10 | 0.11 | 0.22 | 0.48 |
| Depreciation | 0.25 | 0.30 | 0.38 | 0.43 | 0.69 | 1.02 | 1.09 | 1.24 | 1.27 | 1.52 |
| Profit before tax | 1.47 | 3.35 | 6.60 | 0.74 | 2.86 | 3.77 | -1.37 | 1.65 | 4.62 | 3.83 |
| 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 | 2.87 | |
| EPS in Rs | 1.56 | 2.63 | 5.23 | 0.49 | 2.01 | 2.50 | -1.28 | 1.37 | 3.48 | 2.69 |
| 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: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 51% |
| 3 Years: | 12% |
| TTM: | -12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 7% |
| 1 Year: | -18% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.85 | 3.93 | 3.93 | 10.68 | 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 | 19.79 |
| 0.01 | 0.28 | 0.00 | 0.00 | 0.00 | 1.25 | 1.01 | 4.15 | 8.21 | 7.78 | |
| 4.14 | 5.35 | 7.71 | 6.23 | 8.05 | 8.58 | 9.91 | 7.08 | 5.88 | 7.45 | |
| Total Liabilities | 7.91 | 14.67 | 21.65 | 29.59 | 32.82 | 35.98 | 35.71 | 37.48 | 43.25 | 45.70 |
| 1.94 | 2.99 | 4.71 | 9.50 | 13.12 | 15.90 | 19.40 | 18.51 | 18.31 | 25.20 | |
| CWIP | 0.00 | 0.11 | 0.00 | 0.17 | 0.57 | 2.90 | 0.02 | 0.37 | 7.32 | 0.00 |
| Investments | 0.25 | 0.18 | 0.00 | 0.06 | 0.05 | 0.06 | 0.07 | 0.07 | 0.08 | 0.08 |
| 5.72 | 11.39 | 16.94 | 19.86 | 19.08 | 17.12 | 16.22 | 18.53 | 17.54 | 20.42 | |
| Total Assets | 7.91 | 14.67 | 21.65 | 29.59 | 32.82 | 35.98 | 35.71 | 37.48 | 43.25 | 45.70 |
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
- Announcement under Regulation 30 (LODR)-Investor Presentation 18 Nov
- Fixed Record Date For Interim Dividend. 14 Nov
-
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
14 Nov - Board approved Q2/H1 FY2025-26 results; interim dividend Rs0.50/share; record date Nov 28; CFO resigns effective Nov 30, 2025.
-
Corporate Action-Board approves Dividend
14 Nov - Q2/H1 Sep 30, 2025 results approved; interim dividend Rs0.50/share; CFO resigns effective 30 Nov; record date 28 Nov.
- Approval Of Unaudited Financial Results For The Quarter And Half Year Ended 30-09-2025 14 Nov
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.