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 ₹ 1,100 Cr.
- Current Price ₹ 440
- High / Low ₹ 538 / 280
- Stock P/E 81.4
- Book Value ₹ 52.7
- Dividend Yield 0.00 %
- ROCE 8.64 %
- ROE 5.60 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 8.34 times its book value
- Promoter holding has decreased over last quarter: -1.88%
- Company has a low return on equity of 4.36% over last 3 years.
* 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 | |
|---|---|---|---|---|---|
| 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: | -17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -35% |
| TTM: | 270% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 105% |
| 1 Year: | 45% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 17 | 23 | 23 | 24 | 24 |
| Reserves | 23 | 28 | 70 | 71 | 90 | 104 |
| 54 | 100 | 86 | 92 | 103 | 84 | |
| 14 | 31 | 22 | 12 | 21 | 26 | |
| Total Liabilities | 92 | 177 | 202 | 198 | 238 | 239 |
| 2 | 3 | 2 | 3 | 13 | 11 | |
| CWIP | 0 | 0 | 7 | 8 | 0 | 5 |
| Investments | 2 | 2 | 2 | 1 | 2 | 5 |
| 89 | 172 | 191 | 186 | 223 | 217 | |
| Total Assets | 92 | 177 | 202 | 198 | 238 | 239 |
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% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Gross Current Assets (GCA) days |
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| Receivables (Debtor) Days days |
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| Export Presence (Number of Countries) count |
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| Number of Permanent Employees count |
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| Defense Sector Order Book INR Crores |
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| Fabric Sales Volume (Average) yards per month |
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| Yarn Sales Volume (Average) tons per month |
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Documents
Announcements
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Action(s) taken or orders passed
12 March 2026 - NSE imposed ₹1,15,000 fine (plus GST) for delayed Sep 30, 2025 financial results; waiver rejected.
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Copy of Newspaper Publication
14 February 2026 - Le Merite published unaudited standalone and consolidated results for quarter/nine months ended 31 Dec 2025, published 14 Feb 2026.
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Statement of deviation(s) or variation(s) under Reg. 32
13 February 2026 - No deviation; funds utilization disclosed for quarter ended Dec 31, 2025; Rs21.85cr and Rs18.80cr raised; 526,000 warrants pending.
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Outcome of Board Meeting
13 February 2026 - Approved unaudited results to 31-Dec-2025; appointed internal auditor; acquired 49% of LMLSPL for Rs.2,45,000.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
9 January 2026 - RTA certificate under Reg 74(5) confirming no dematerialisation/rematerialisation requests in quarter ended Dec 31, 2025.
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