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 ₹ 1,149 Cr.
- Current Price ₹ 472
- High / Low ₹ 496 / 215
- Stock P/E 198
- Book Value ₹ 46.8
- Dividend Yield 0.00 %
- ROCE 8.64 %
- ROE 5.60 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 10.1 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -10.8%
- Company has a low return on equity of 4.36% over last 3 years.
- Earnings include an other income of Rs.11.1 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
Half Yearly 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 | |
|---|---|---|---|---|---|
| 268 | 525 | 377 | 468 | 525 | |
| 258 | 494 | 371 | 462 | 517 | |
| Operating Profit | 10 | 31 | 6 | 6 | 8 |
| OPM % | 4% | 6% | 2% | 1% | 1% |
| 1 | 1 | 3 | 4 | 11 | |
| Interest | 2 | 4 | 4 | 7 | 9 |
| Depreciation | 0 | 0 | 1 | 0 | 1 |
| Profit before tax | 9 | 28 | 4 | 2 | 9 |
| Tax % | 24% | 25% | 48% | 24% | 21% |
| 7 | 21 | 2 | 2 | 7 | |
| EPS in Rs | 40.75 | 12.33 | 1.83 | 0.75 | 2.51 |
| Dividend Payout % | 0% | 8% | 27% | 27% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 0% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -35% |
| TTM: | 275% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 93% |
| 1 Year: | 116% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 4% |
| Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 2 | 17 | 23 | 23 | 24 |
| Reserves | 23 | 28 | 70 | 71 | 90 |
| 54 | 100 | 86 | 92 | 103 | |
| 14 | 31 | 22 | 12 | 21 | |
| Total Liabilities | 92 | 177 | 202 | 198 | 238 |
| 2 | 3 | 2 | 3 | 13 | |
| CWIP | 0 | 0 | 7 | 8 | 0 |
| Investments | 2 | 2 | 2 | 1 | 2 |
| 89 | 172 | 191 | 186 | 223 | |
| Total Assets | 92 | 177 | 202 | 198 | 238 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -22 | -44 | 11 | 0 | -12 | |
| -0 | -2 | -7 | -2 | -3 | |
| 25 | 46 | 30 | 4 | 25 | |
| Net Cash Flow | 3 | 0 | 34 | 3 | 9 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 80 | 88 | 89 | 69 | 81 |
| Inventory Days | 16 | 10 | 20 | 15 | 8 |
| Days Payable | 18 | 16 | 24 | 11 | 15 |
| Cash Conversion Cycle | 77 | 83 | 85 | 74 | 74 |
| Working Capital Days | 17 | 22 | 35 | 28 | 38 |
| ROCE % | 28% | 5% | 5% | 9% |
Documents
Announcements
-
Updates
29 October 2025 - Filed Annual Secretarial Compliance Report (period ended Oct 9, 2025) for migration from SME Emerge to NSE Main Board.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
17 October 2025 - Reconciliation for quarter ended Sep 30, 2025; 61,400 shares allotted, 5,26,000 warrants allotted, 8,17,600 warrants converted.
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Outcome of Board Meeting
16 October 2025 - Allotment of 6,73,600 shares at Rs.146.5 each aggregating Rs.9,86,82,400 on Oct 16, 2025.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
13 October 2025 - SEBI Reg 74(5) certificate: not applicable; no demat/rematerialisation requests for quarter ended 30 Sep 2025.
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Updates
8 October 2025 - Annual secretarial compliance report (dated Oct 08, 2025) for SME-to-NSE Main Board migration.
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