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 ₹ 158 Cr.
- Current Price ₹ 67.5
- High / Low ₹ 72.0 / 39.9
- Stock P/E 99.1
- Book Value ₹ 41.0
- Dividend Yield 0.74 %
- ROCE 7.78 %
- ROE 8.98 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
Cons
- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.3.51 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.
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 | TTM | |
|---|---|---|---|---|---|---|
| 180 | 217 | 268 | 525 | 364 | 435 | |
| 175 | 210 | 258 | 494 | 354 | 430 | |
| Operating Profit | 4 | 7 | 10 | 31 | 10 | 5 |
| OPM % | 2% | 3% | 4% | 6% | 3% | 1% |
| 1 | 0 | 1 | 1 | 3 | 4 | |
| Interest | 3 | 3 | 2 | 4 | 4 | 6 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 2 | 4 | 9 | 28 | 8 | 2 |
| Tax % | 29% | 27% | 24% | 25% | 25% | |
| 1 | 3 | 7 | 21 | 6 | 2 | |
| EPS in Rs | 6.62 | 18.44 | 40.75 | 12.33 | 2.71 | 0.68 |
| Dividend Payout % | 0% | 0% | 0% | 8% | 18% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| TTM: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 25% |
| TTM: | -90% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 17% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 27% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 17 | 23 | 23 |
| Reserves | 12 | 16 | 23 | 28 | 72 | 73 |
| 38 | 29 | 54 | 100 | 83 | 99 | |
| 5 | 10 | 14 | 31 | 23 | 24 | |
| Total Liabilities | 57 | 56 | 92 | 177 | 202 | 220 |
| 2 | 2 | 2 | 3 | 2 | 11 | |
| CWIP | 0 | 0 | 0 | 0 | 7 | 0 |
| Investments | 1 | 2 | 2 | 2 | 2 | 2 |
| 54 | 53 | 89 | 172 | 190 | 207 | |
| Total Assets | 57 | 56 | 92 | 177 | 202 | 220 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| -5 | -2 | -22 | -44 | 18 | |
| 0 | -0 | -0 | -2 | -7 | |
| 1 | -2 | 25 | 46 | 23 | |
| Net Cash Flow | -4 | -5 | 3 | 0 | 34 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| Debtor Days | 69 | 63 | 80 | 88 | 92 |
| Inventory Days | 7 | 5 | 16 | 10 | 18 |
| Days Payable | 7 | 15 | 18 | 16 | 24 |
| Cash Conversion Cycle | 69 | 53 | 77 | 83 | 87 |
| Working Capital Days | 78 | 62 | 89 | 90 | 119 |
| ROCE % | 14% | 17% | 28% | 8% |
Business Overview:[1][2]
LMEL is a vertically integrated manufacturing company which is in 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