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 ₹ 284 Cr.
- Current Price ₹ 22.7
- High / Low ₹ 108 / 20.2
- Stock P/E 24.5
- Book Value ₹ 10.8
- Dividend Yield 0.00 %
- ROCE 9.95 %
- ROE 9.33 %
- Face Value ₹ 2.00
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.88%
- The company has delivered a poor sales growth of 5.93% over past five years.
- Company has a low return on equity of 5.89% over last 3 years.
- Earnings include an other income of Rs.10.1 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
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 268 | 525 | 377 | 468 | 525 | 357 | |
| 258 | 494 | 371 | 462 | 517 | 344 | |
| Operating Profit | 10 | 31 | 6 | 6 | 8 | 13 |
| OPM % | 4% | 6% | 2% | 1% | 1% | 4% |
| 1 | 1 | 3 | 4 | 11 | 10 | |
| Interest | 2 | 4 | 4 | 7 | 9 | 7 |
| Depreciation | 0 | 0 | 1 | 0 | 1 | 1 |
| Profit before tax | 9 | 28 | 4 | 2 | 9 | 15 |
| Tax % | 24% | 25% | 48% | 24% | 21% | 23% |
| 7 | 21 | 2 | 2 | 7 | 12 | |
| EPS in Rs | 8.19 | 2.47 | 0.37 | 0.15 | 0.50 | 0.93 |
| Dividend Payout % | 0% | 8% | 27% | 27% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | -2% |
| TTM: | -32% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 39% |
| TTM: | 99% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| 1 Year: | -67% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 6% |
| Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 17 | 23 | 23 | 24 | 25 |
| Reserves | 23 | 28 | 70 | 71 | 90 | 110 |
| 54 | 100 | 86 | 92 | 103 | 90 | |
| 14 | 31 | 22 | 12 | 21 | 33 | |
| Total Liabilities | 92 | 177 | 202 | 198 | 238 | 259 |
| 2 | 3 | 2 | 3 | 13 | 13 | |
| CWIP | 0 | 0 | 7 | 8 | 0 | 9 |
| Investments | 2 | 2 | 2 | 1 | 2 | 29 |
| 89 | 172 | 191 | 186 | 223 | 207 | |
| Total Assets | 92 | 177 | 202 | 198 | 238 | 259 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -22 | -44 | 11 | 0 | -12 | 39 | |
| -0 | -2 | -7 | -2 | -3 | -25 | |
| 25 | 46 | 30 | 4 | 25 | -7 | |
| Net Cash Flow | 3 | 0 | 34 | 3 | 9 | 7 |
| Free Cash Flow | -22 | -46 | 4 | -1 | -14 | 27 |
| CFO/OP | -191% | -119% | 222% | 17% | -136% | 333% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 80 | 88 | 89 | 69 | 81 | 85 |
| Inventory Days | 16 | 10 | 20 | 15 | 8 | 9 |
| Days Payable | 18 | 16 | 24 | 11 | 15 | 14 |
| Cash Conversion Cycle | 77 | 83 | 85 | 74 | 74 | 80 |
| Working Capital Days | 17 | 22 | 35 | 28 | 38 | 58 |
| ROCE % | 28% | 5% | 5% | 9% | 10% |
Insights
In beta| Aug 2022 | Jan 2025 | |
|---|---|---|
| Number of Permanent Employees count ・Standalone data |
|
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| Cumulative Defense Order Book INR crores |
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| Fabric Sales Volume meters per month |
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| Number of Countries Exported To count |
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| Number of Manufacturing Facilities count |
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| Sustainable Products Share % of total sales |
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| Yarn Sales Volume tons per month |
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Extracted by Screener AI
Documents
Announcements
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
10 July 2026 - Regulation 74(5) certificate for quarter ended June 30, 2026; no dematerialisation or rematerialisation requests received.
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General Updates
8 July 2026 - Le Merite Exports incorporated associate Le Merite Torna Technical Textile Park Private Limited on July 08, 2026, holding 35%.
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Clarification - Financial Results
27 June 2026 - Exchange has sought clarification from Le Merite Exports Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. …
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Trading Window
24 June 2026 - Trading window closed from July 1, 2026 until 48 hours after Q1 FY27 results.
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Outcome of Board Meeting
23 June 2026 - Board approved 14.5% additional stake in LMTDSPL for up to Rs. 1.45 lakh, within 60 days.
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