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 88.6
- Book Value ₹ 14.0
- Dividend Yield 1.23 %
- ROCE 5.36 %
- ROE 3.32 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 23.0%
- Company's working capital requirements have reduced from 69.7 days to 42.9 days
Cons
- Stock is trading at 2.91 times its book value
- Company has a low return on equity of 7.44% over last 3 years.
* 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13.03 | 21.44 | 35.43 | 20.27 | 22.35 | 31.66 | 20.34 | 30.14 | 39.85 | 37.83 | |
| 11.62 | 18.20 | 29.32 | 19.91 | 19.14 | 26.88 | 20.79 | 27.18 | 34.06 | 34.97 | |
| Operating Profit | 1.41 | 3.24 | 6.11 | 0.36 | 3.21 | 4.78 | -0.45 | 2.96 | 5.79 | 2.86 |
| OPM % | 10.82% | 15.11% | 17.25% | 1.78% | 14.36% | 15.10% | -2.21% | 9.82% | 14.53% | 7.56% |
| 0.34 | 0.45 | 0.95 | 0.84 | 0.37 | 0.23 | 0.27 | 0.04 | 0.32 | 0.88 | |
| Interest | 0.03 | 0.04 | 0.08 | 0.03 | 0.03 | 0.22 | 0.10 | 0.11 | 0.22 | 0.83 |
| Depreciation | 0.25 | 0.30 | 0.38 | 0.43 | 0.69 | 1.02 | 1.09 | 1.24 | 1.27 | 1.78 |
| Profit before tax | 1.47 | 3.35 | 6.60 | 0.74 | 2.86 | 3.77 | -1.37 | 1.65 | 4.62 | 1.13 |
| Tax % | 27.21% | 26.27% | 25.45% | 31.08% | 25.17% | 29.44% | 0.00% | 10.91% | 19.70% | 13.27% |
| 1.06 | 2.47 | 4.92 | 0.52 | 2.15 | 2.67 | -1.37 | 1.46 | 3.72 | 0.98 | |
| EPS in Rs | 0.77 | 1.30 | 2.59 | 0.24 | 1.00 | 1.25 | -0.64 | 0.68 | 1.74 | 0.46 |
| Dividend Payout % | 26.89% | 35.00% | 23.96% | 205.38% | 59.61% | 20.00% | 0.00% | 0.00% | 14.35% | 54.49% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 23% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -14% |
| 3 Years: | 40% |
| TTM: | -74% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -1% |
| 3 Years: | 20% |
| 1 Year: | 16% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 6% |
| 3 Years: | 7% |
| Last Year: | 3% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 19.22 |
| 0.01 | 0.28 | 0.00 | 0.00 | 0.00 | 1.25 | 1.01 | 4.15 | 8.21 | 5.93 | |
| 4.14 | 5.35 | 7.71 | 6.23 | 8.05 | 8.58 | 9.91 | 7.08 | 5.88 | 9.57 | |
| Total Liabilities | 7.91 | 14.67 | 21.65 | 29.59 | 32.82 | 35.98 | 35.71 | 37.48 | 43.25 | 45.40 |
| 1.94 | 2.99 | 4.71 | 9.50 | 13.12 | 15.90 | 19.40 | 18.51 | 18.31 | 24.72 | |
| 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 | 0.77 |
| 5.72 | 11.39 | 16.94 | 19.86 | 19.08 | 17.12 | 16.22 | 18.53 | 17.54 | 19.91 | |
| Total Assets | 7.91 | 14.67 | 21.65 | 29.59 | 32.82 | 35.98 | 35.71 | 37.48 | 43.25 | 45.40 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.23 | -1.06 | 2.40 | -5.60 | 7.49 | 3.10 | 1.64 | -1.39 | 5.46 | 6.47 | |
| -0.11 | -1.21 | -1.59 | -5.33 | -5.15 | -2.85 | -1.70 | -0.69 | -8.37 | -2.63 | |
| 0.25 | 3.21 | -0.85 | 8.91 | -0.74 | -1.57 | -0.33 | 3.06 | 3.11 | -3.29 | |
| Net Cash Flow | 0.38 | 0.95 | -0.04 | -2.02 | 1.60 | -1.32 | -0.39 | 0.98 | 0.20 | 0.54 |
| Free Cash Flow | 0.06 | -2.51 | 0.54 | -10.94 | 3.08 | -0.99 | -0.07 | -2.10 | -2.99 | 5.59 |
| CFO/OP | 48% | -9% | 70% | -1,469% | 241% | 92% | -511% | -48% | 99% | 257% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 27.73 | 56.35 | 35.13 | 33.13 | 66.47 | 37.24 | 45.58 | 28.82 | 58.16 | 44.29 |
| Inventory Days | 61.67 | 91.40 | 118.81 | 265.28 | 250.92 | 219.71 | 313.07 | 195.50 | 120.84 | 142.58 |
| Days Payable | 85.23 | 77.15 | 83.67 | 122.19 | 134.77 | 110.74 | 184.85 | 57.61 | 52.28 | 98.33 |
| Cash Conversion Cycle | 4.17 | 70.59 | 70.27 | 176.22 | 182.62 | 146.21 | 173.80 | 166.71 | 126.73 | 88.53 |
| Working Capital Days | -13.73 | 48.35 | 53.36 | 133.61 | 128.69 | 91.31 | 96.01 | 110.57 | 55.69 | 42.94 |
| ROCE % | 50.88% | 56.32% | 3.75% | 11.97% | 15.22% | -4.77% | 6.26% | 14.28% | 5.36% |
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 ・Standalone data |
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| Foreign Exchange Earnings (FOB value of exports) INR Lakhs ・Standalone data |
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| Capacity Utilization % ・Standalone data |
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| CPP Installed Capacity (Plastic Division) Tonnes per month ・Standalone data |
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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.