Le Merite Exports Ltd

₹ 61.0 -2.32%
16 Aug 12:04 p.m.
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 143 Cr.
  • Current Price 61.0
  • High / Low 87.0 / 52.5
  • Stock P/E 6.80
  • Book Value 142
  • Dividend Yield 0.00 %
  • ROCE 40.3 %
  • ROE 86.5 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.44 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 51.2%
  • Debtor days have improved from 61.2 to 40.6 days.

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.

Loading peers table ...

Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022
145 313
143 298
Operating Profit 2 15
OPM % 1% 5%
4 1
Interest 1 2
Depreciation 0 0
Profit before tax 5 13
Tax % 31% 24%
Net Profit 4 10
EPS in Rs 20.78 5.78

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022
180 217 268 526
175 210 258 495
Operating Profit 4 7 10 31
OPM % 2% 3% 4% 6%
1 0 1 1
Interest 3 3 2 4
Depreciation 0 0 0 0
Profit before tax 2 4 9 28
Tax % 29% 27% 25% 25%
Net Profit 1 3 7 21
EPS in Rs 6.62 18.44 41.33 12.33
Dividend Payout % 0% 0% 0% 8%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 43%
TTM: 96%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 161%
TTM: 207%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 51%
Last Year: 87%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022
-5 -2 3 -44
0 -0 -0 -2
1 -2 0 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
Inventory Days 7 5 16
Days Payable 7 15 18
Cash Conversion Cycle 69 53 77
Working Capital Days 78 62 89
ROCE % 14% 17%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents