Le Merite Exports Ltd
Incorporated in 2003, Le Merite Exports Ltd is in the business of manufacturing, purchase and sale of textiles[1]
- Market Cap ₹ 741 Cr.
- Current Price ₹ 316
- High / Low ₹ 326 / 109
- Stock P/E 140
- Book Value ₹ 49.0
- Dividend Yield 0.06 %
- ROCE 7.99 %
- ROE 5.02 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 6.44 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -10.8%
- Company has a low return on equity of 4.84% over last 3 years.
- Earnings include an other income of Rs.8.80 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 180 | 217 | 268 | 525 | 364 | 468 | 480 | |
| 175 | 210 | 258 | 494 | 354 | 462 | 472 | |
| Operating Profit | 4 | 7 | 10 | 31 | 10 | 6 | 8 |
| OPM % | 2% | 3% | 4% | 6% | 3% | 1% | 2% |
| 1 | 0 | 1 | 1 | 3 | 4 | 9 | |
| Interest | 3 | 3 | 2 | 4 | 4 | 7 | 9 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 0 | 1 |
| Profit before tax | 2 | 4 | 9 | 28 | 8 | 2 | 7 |
| Tax % | 29% | 27% | 24% | 25% | 25% | 24% | 25% |
| 1 | 3 | 7 | 21 | 6 | 2 | 5 | |
| EPS in Rs | 6.62 | 18.44 | 40.75 | 12.33 | 2.71 | 0.74 | 2.26 |
| Dividend Payout % | 0% | 0% | 0% | 8% | 18% | 27% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | -3% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | -37% |
| TTM: | 244% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 68% |
| 1 Year: | 187% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 5% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 17 | 23 | 23 | 24 |
| Reserves | 12 | 16 | 23 | 28 | 72 | 73 | 91 |
| 38 | 29 | 54 | 100 | 83 | 89 | 103 | |
| 5 | 10 | 14 | 31 | 23 | 13 | 22 | |
| Total Liabilities | 57 | 56 | 92 | 177 | 202 | 198 | 240 |
| 2 | 2 | 2 | 3 | 2 | 2 | 11 | |
| CWIP | 0 | 0 | 0 | 0 | 7 | 8 | 0 |
| Investments | 1 | 2 | 2 | 2 | 2 | 2 | 4 |
| 54 | 53 | 89 | 172 | 190 | 185 | 225 | |
| Total Assets | 57 | 56 | 92 | 177 | 202 | 198 | 240 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -5 | -2 | -22 | -44 | 18 | 0 | -15 | |
| 0 | -0 | -0 | -2 | -7 | -2 | -3 | |
| 1 | -2 | 25 | 46 | 23 | 4 | 27 | |
| Net Cash Flow | -4 | -5 | 3 | 0 | 34 | 3 | 9 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 69 | 63 | 80 | 88 | 92 | 69 | 88 |
| Inventory Days | 7 | 5 | 16 | 10 | 18 | 13 | 9 |
| Days Payable | 7 | 15 | 18 | 16 | 24 | 10 | 16 |
| Cash Conversion Cycle | 69 | 53 | 77 | 83 | 87 | 73 | 81 |
| Working Capital Days | 78 | 62 | 89 | 90 | 119 | 94 | 110 |
| ROCE % | 14% | 17% | 28% | 8% | 5% | 8% |
Documents
Announcements
-
Investor Presentation
6 June 2025 - Le Merite FY25 earnings release; defense orders INR 40 Cr; expansion at Amravati Textile Park.
-
Incorporation-XBRL
6 June 2025 - Le Merite Exports Limited has informed regarding Incorporation
-
General Updates
5 June 2025 - Le Merite incorporates 51%-owned subsidiary for defense textiles on June 5, 2025.
-
Shareholders meeting
29 May 2025 - Le Merite Exports approved migration from NSE SME to Main Board and BSE listing on May 27, 2025.
-
Outcome of Board Meeting
28 May 2025 - Audited standalone and consolidated financial results for year ended March 31, 2025 approved and published.
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