Le Merite Exports Ltd

Le Merite Exports Ltd

₹ 82.2 0.18%
24 May - close price
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

  • Market Cap 193 Cr.
  • Current Price 82.2
  • High / Low 84.8 / 39.9
  • Stock P/E 121
  • Book Value 41.0
  • Dividend Yield 0.61 %
  • 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.

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
145 213 313 168 196 240
143 197 298 160 194 236
Operating Profit 2 16 15 9 1 4
OPM % 1% 8% 5% 5% 1% 2%
4 1 1 2 2 2
Interest 1 2 2 2 2 3
Depreciation 0 0 0 0 0 0
Profit before tax 5 15 13 8 0 2
Tax % 31% 25% 24% 24% 75% 24%
4 11 10 6 0 2
EPS in Rs 20.78 65.45 5.78 2.69 0.02 0.66
Raw PDF
Upcoming result date: today

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: 53%
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%

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.

Click on the line-items to see the names of individual entities.

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