Le Merite Exports Ltd

₹ 62.6 -0.63%
25 Nov - close price
About

Incorporated in 2003, Le Merite Exports Ltd. (LMEL) is engaged in manufacturing and trading textile products including cotton yarn, greige fabric, and finished fabric for domestic and export sales[1]

Key Points

Products[1]
Yarn– Company manufactures a full range of Sustainable Cotton yarn - 100% Organic Cotton, Organic in conversion, blend of a minimum 5% organic, BCI, Recycled Cotton (GRS)/ RCS, Fair-Trade across various counts.
Greigi Fabrics - The fabric is made on Airjet, Sulzer Looms in commonly used weaves like Poplin, Twill, Drill, Satin, Oxford, Matte, Canvas & Herringbone in width from 47 to 130 inches.
Organic Products – 8-10% of company's volumes comprised sustainable & organic products and company targets to reach 50% by 2025. Co. is also one of the top exporters of ORGANIC (GOTS) CERTIFIED COTTON YARN from India. It is an OEKO-TEX STANDARD 100-certified company that upholds eco-friendly products conforming to all our conventional yarn & fabrics.

  • Market Cap 147 Cr.
  • Current Price 62.6
  • High / Low 87.0 / 52.5
  • Stock P/E 7.05
  • Book Value 26.6
  • Dividend Yield 1.60 %
  • ROCE 28.0 %
  • ROE 59.6 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 43.4%

Cons

  • Company might be capitalizing the interest cost

* 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.

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Sep 2021 Mar 2022 Sep 2022
145 213 313 168
143 197 298 160
Operating Profit 2 16 15 9
OPM % 1% 8% 5% 5%
4 1 1 2
Interest 1 2 2 2
Depreciation 0 0 0 0
Profit before tax 5 15 13 8
Tax % 31% 25% 24% 24%
Net Profit 4 11 10 6
EPS in Rs 20.78 65.45 5.78 2.69
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
180 217 268 525 481
175 210 258 494 458
Operating Profit 4 7 10 31 23
OPM % 2% 3% 4% 6% 5%
1 0 1 1 2
Interest 3 3 2 4 4
Depreciation 0 0 0 0 1
Profit before tax 2 4 9 28 21
Tax % 29% 27% 24% 25%
Net Profit 1 3 7 21 16
EPS in Rs 6.62 18.44 40.75 12.33 8.47
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 43%
TTM: 96%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 160%
TTM: 202%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 43%
Last Year: 60%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022
2 2 2 17
Reserves 12 16 23 28
38 29 54 100
5 10 14 31
Total Liabilities 57 56 92 177
2 2 2 3
CWIP 0 0 0 0
Investments 1 2 2 2
54 53 89 172
Total Assets 57 56 92 177

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022
-5 -2 -22 -44
0 -0 -0 -2
1 -2 25 46
Net Cash Flow -4 -5 3 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 69 63 80 88
Inventory Days 7 5 16 10
Days Payable 7 15 18 16
Cash Conversion Cycle 69 53 77 83
Working Capital Days 78 62 89 90
ROCE % 14% 17% 28%

Shareholding Pattern

Numbers in percentages

5 recently

Shareholding pattern is currently not available for this company.

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