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

₹ 189 1.61%
26 Jul - close price
Company website NSE - SME: 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 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

Website NSE - SM
  • Market Cap ₹ 445 Cr.
  • Current Price ₹ 189
  • High / Low ₹ 198 / 40.6
  • Stock P/E 256
  • Book Value ₹ 40.9
  • Dividend Yield 0.26 %
  • ROCE 5.41 %
  • ROE 1.82 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 17.8%

Cons

  • Stock is trading at 4.63 times its book value
  • Company has low interest coverage ratio.
  • Earnings include an other income of Rs.3.71 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

Sector: Trading Industry: Trading

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024
145 213 313 168 196 240 229
143 197 298 160 194 236 226
Operating Profit 2 16 15 9 1 4 3
OPM % 1% 8% 5% 5% 1% 2% 1%
4 1 1 2 2 2 2
Interest 1 2 2 2 2 3 4
Depreciation 0 0 0 0 0 0 0
Profit before tax 5 15 13 8 0 2 0
Tax % 31% 25% 24% 24% 75% 24% 27%
4 11 10 6 0 2 0
EPS in Rs 20.78 65.45 5.78 2.69 0.02 0.66 0.08
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
180 217 268 525 364 468
175 210 258 494 354 462
Operating Profit 4 7 10 31 10 6
OPM % 2% 3% 4% 6% 3% 1%
1 0 1 1 3 4
Interest 3 3 2 4 4 7
Depreciation 0 0 0 0 1 0
Profit before tax 2 4 9 28 8 2
Tax % 29% 27% 24% 25% 25% 24%
1 3 7 21 6 2
EPS in Rs 6.62 18.44 40.75 12.33 2.71 0.74
Dividend Payout % 0% 0% 0% 8% 18% 27%
Compounded Sales Growth
10 Years: %
5 Years: 21%
3 Years: 20%
TTM: 29%
Compounded Profit Growth
10 Years: %
5 Years: 8%
3 Years: -37%
TTM: -73%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 293%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 14%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 2 2 2 17 23 23
Reserves 12 16 23 28 72 73
38 29 54 100 83 89
5 10 14 31 23 13
Total Liabilities 57 56 92 177 202 198
2 2 2 3 2 2
CWIP 0 0 0 0 7 8
Investments 1 2 2 2 2 2
54 53 89 172 190 185
Total Assets 57 56 92 177 202 198

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-5 -2 -22 -44 18 0
0 -0 -0 -2 -7 -2
1 -2 25 46 23 4
Net Cash Flow -4 -5 3 0 34 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Mar 2023Sep 2023Mar 2024
72.74% 72.74% 72.74% 72.74% 72.96%
0.00% 0.58% 0.58% 0.40% 0.40%
0.18% 0.00% 0.00% 0.00% 0.00%
27.08% 26.68% 26.68% 26.86% 26.64%
No. of Shareholders 1,6461,6571,6511,7001,484

* 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.

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Documents

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