Le Merite Exports Ltd

Le Merite Export Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Le Merite Exports Ltd

₹ 29.5 -5.00%
05 Jun - close price
lemeriteexports.com NSE: LEMERITE
About

Incorporated in 2003, Le Merite Exports Ltd is in the business of manufacturing, purchase and sale of textiles[1]

Key Points

Business Overview:[1][2]
LMEL is a vertically integrated manufacturing company that is in the production and trading of textile products like cotton yarn, greige fabric, and finished fabric. It has tie-ups and agents in top importing countries for its products

Website NSE
  • Market Cap ₹ 369 Cr.
  • Current Price ₹ 29.5
  • High / Low ₹ 108 / 29.5
  • Stock P/E 33.5
  • Book Value ₹ 10.8
  • Dividend Yield 0.00 %
  • ROCE 9.65 %
  • ROE 8.81 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 2.73 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -1.88%
  • The company has delivered a poor sales growth of 5.84% over past five years.
  • Company has a low return on equity of 5.37% over last 3 years.
  • Earnings include an other income of Rs.10.7 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

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2024 Mar 2025 Sep 2025 Dec 2025 Mar 2026
95.34 126.07 98.21 73.49 73.58
93.53 121.26 92.54 71.31 75.02
Operating Profit 1.81 4.81 5.67 2.18 -1.44
OPM % 1.90% 3.82% 5.77% 2.97% -1.96%
1.03 1.35 2.28 2.45 3.72
Interest 2.20 2.51 1.89 1.46 1.66
Depreciation 0.36 0.36 0.36 0.34 0.29
Profit before tax 0.28 3.29 5.70 2.83 0.33
Tax % 10.71% 28.27% 22.63% 22.26% 72.73%
0.25 2.36 4.41 2.20 0.09
EPS in Rs 0.02 0.19 0.36 0.18 0.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
180 217 268 525 364 468 480 356
175 210 258 494 354 462 472 344
Operating Profit 4 7 10 31 10 6 8 12
OPM % 2% 3% 4% 6% 3% 1% 2% 3%
1 0 1 1 3 4 9 11
Interest 3 3 2 4 4 7 9 7
Depreciation 0 0 0 0 1 0 1 1
Profit before tax 2 4 9 28 8 2 7 14
Tax % 29% 27% 24% 25% 25% 24% 25% 23%
1 3 7 21 6 2 5 11
EPS in Rs 1.33 3.71 8.19 2.47 0.54 0.15 0.44 0.88
Dividend Payout % 0% 0% 0% 8% 18% 27% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: -1%
TTM: -26%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 20%
TTM: 120%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 53%
1 Year: -54%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 5%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 2 2 2 17 23 23 24 25
Reserves 12 16 23 28 72 73 91 110
38 29 54 100 83 89 103 90
5 10 14 31 23 13 22 33
Total Liabilities 57 56 92 177 202 198 240 259
2 2 2 3 2 3 13 13
CWIP 0 0 0 0 7 8 0 9
Investments 1 2 2 2 2 1 2 29
54 53 89 172 190 185 225 207
Total Assets 57 56 92 177 202 198 240 259

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-5 -2 -22 -44 18 0 -15 35
0 -0 -0 -2 -7 -2 -3 -15
1 -2 25 46 23 4 27 -14
Net Cash Flow -4 -5 3 0 34 3 9 7
Free Cash Flow -5 -2 -22 -46 11 -1 -17 35
CFO/OP -102% -20% -191% -119% 203% 11% -156% 337%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 69 63 80 88 92 69 88 86
Inventory Days 7 5 16 10 18 13 9 9
Days Payable 7 15 18 16 24 10 16 14
Cash Conversion Cycle 69 53 77 83 87 73 81 80
Working Capital Days 5 14 17 22 38 27 40 59
ROCE % 14% 17% 28% 8% 5% 8% 10%

Insights

In beta
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Gross Current Assets (GCA)
days

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Receivables (Debtor) Days
days
Export Presence (Number of Countries)
count
Number of Permanent Employees
count
Defense Sector Order Book
INR Crores
Fabric Sales Volume (Average)
yards per month
Yarn Sales Volume (Average)
tons per month

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

14 Recently
Jun 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Dec 2025Mar 2026
72.74% 72.74% 72.74% 72.74% 72.96% 73.06% 62.22% 61.53% 59.65% 59.65%
0.00% 0.58% 0.58% 0.40% 0.40% 0.20% 0.52% 0.34% 0.15% 0.22%
0.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.16% 0.16%
27.08% 26.68% 26.68% 26.86% 26.64% 26.74% 37.26% 38.13% 40.04% 39.97%
No. of Shareholders 1,6461,6571,6511,7001,4841,0271,2251,4651,7151,700

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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Credit ratings

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