Le Merite Exports Ltd

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

₹ 20.8 5.91%
30 Oct - 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 ₹ 260 Cr.
  • Current Price ₹ 20.8
  • High / Low ₹ 108 / 17.7
  • Stock P/E 107
  • Book Value ₹ 10.9
  • Dividend Yield 0.00 %
  • ROCE 9.56 %
  • ROE 8.21 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.83% over past five years.
  • Company has a low return on equity of 4.99% over last 3 years.
  • Earnings include an other income of Rs.14.6 Cr.
  • Promoter holding has decreased over last 3 years: -13.1%

* 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 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
95.34 126.07 110.46 98.21 73.49 73.58 89.75
93.53 121.26 105.17 92.54 71.31 75.02 99.20
Operating Profit 1.81 4.81 5.29 5.67 2.18 -1.44 -9.45
OPM % 1.90% 3.82% 4.79% 5.77% 2.97% -1.96% -10.53%
1.03 1.35 2.59 2.28 2.45 3.72 6.13
Interest 2.20 2.51 2.01 1.89 1.46 1.66 1.52
Depreciation 0.36 0.36 0.34 0.36 0.34 0.29 0.26
Profit before tax 0.28 3.29 5.53 5.70 2.83 0.33 -5.10
Tax % 10.71% 28.27% 22.42% 22.63% 22.26% 72.73% -16.47%
0.25 2.36 4.30 4.41 2.20 0.09 -4.26
EPS in Rs 0.02 0.19 0.35 0.36 0.18 0.01 -0.34
Raw PDF
Upcoming result date: 5 November 2026

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 TTM
180 217 268 525 364 468 484 356 335
175 210 258 494 354 462 472 344 338
Operating Profit 4 7 10 31 10 6 12 12 -3
OPM % 2.5% 3.0% 3.9% 6% 2.8% 1.4% 2.4% 3.4% -0.9%
1 0 1 1 3 4 5 11 15
Interest 3 3 2 4 4 7 9 7 7
Depreciation 0 0 0 0 1 0 1 1 1
Profit before tax 2 4 9 28 8 2 6 14 4
Tax % 29% 27% 24% 25% 25% 24% 25% 23%
1 3 7 21 6 2 5 11 2
EPS in Rs 0.13 0.37 0.82 2.47 0.54 0.15 0.38 0.88 0.21
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: 8%
3 Years: 17%
TTM: 132%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 31%
1 Year: -79%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 5%
Last Year: 8%

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 89 112
38 29 54 100 83 89 102 83
5 10 14 31 23 13 22 31
Total Liabilities 57 56 92 177 202 198 237 250
2 2 2 3 2 3 12 12
CWIP 0 0 0 0 7 8 0 0
Investments 1 2 2 2 2 1 3 29
54 53 89 172 190 185 222 209
Total Assets 57 56 92 177 202 198 237 250

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 -10 35
0 -0 -0 -2 -7 -2 -6 -15
1 -2 25 46 23 4 18 -14
Net Cash Flow -4 -5 3 0 34 3 2 7
Free Cash Flow -5 -2 -22 -46 11 -1 -13 35
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit -102% -20% -191% -119% 203% 11% -78% 340%

Ratios

Standalone / 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 85 85
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 78 80
Working Capital Days 5 14 17 22 38 27 38 30
ROCE % 14% 17% 28% 8% 5% 8% 10%

Insights

In beta
Dec 2021 Mar 2023 Jan 2025 Mar 2026
Number of Countries Exported To
count

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Number of Manufacturing Facilities
count
Number of Permanent Employees
count
Cumulative Defense Order Book
INR crores
Fabric Sales Volume
meters per month
Yarn Sales Volume
tons per month
Bangladesh Revenue Concentration
% of revenue
Sustainable Products Share
% of total sales

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
72.74% 72.74% 72.74% 72.74% 72.96% 73.06% 62.22% 61.53% 59.65% 59.65% 59.65% 59.65%
0.00% 0.58% 0.58% 0.40% 0.40% 0.20% 0.52% 0.34% 0.15% 0.22% 0.00% 0.05%
0.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.16% 0.16% 0.00% 0.00%
27.08% 26.68% 26.68% 26.86% 26.64% 26.74% 37.26% 38.13% 40.04% 39.97% 40.34% 40.29%
No. of Shareholders 1,6461,6571,6511,7001,4841,0271,2251,4651,7151,7004,4414,506

* 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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