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 ₹ 736 Cr.
- Current Price ₹ 313
- High / Low ₹ 326 / 108
- Stock P/E 121
- Book Value ₹ 48.5
- Dividend Yield 0.06 %
- ROCE 8.84 %
- ROE 5.87 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 6.48 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 3.72% 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 | 515 | |
| 258 | 494 | 371 | 462 | 507 | |
| Operating Profit | 10 | 31 | 6 | 6 | 8 |
| OPM % | 4% | 6% | 2% | 1% | 2% |
| 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 | 2.60 |
| Dividend Payout % | -0% | 8% | 27% | 27% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -1% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -34% |
| TTM: | 294% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 68% |
| 1 Year: | 182% |
| 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 | 2 | 11 | |
| CWIP | -0 | -0 | 7 | 8 | -0 |
| Investments | 2 | 2 | 2 | 2 | 4 |
| 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 | 82 |
| Inventory Days | 16 | 10 | 20 | 15 | 8 |
| Days Payable | 18 | 16 | 24 | 11 | 15 |
| Cash Conversion Cycle | 77 | 83 | 85 | 74 | 76 |
| Working Capital Days | 89 | 91 | 114 | 93 | 104 |
| ROCE % | 28% | 5% | 5% | 9% |
Documents
Announcements
-
Investor Presentation
6 June 2025 - Le Merite FY25 earnings release; defense orders INR 40 Cr; expansion at Amravati Textile Park.
-
Incorporation-XBRL
6 June 2025 - Le Merite Exports Limited has informed regarding Incorporation
-
General Updates
5 June 2025 - Le Merite incorporates 51%-owned subsidiary for defense textiles on June 5, 2025.
-
Shareholders meeting
29 May 2025 - Le Merite Exports approved migration from NSE SME to Main Board and BSE listing on May 27, 2025.
-
Outcome of Board Meeting
28 May 2025 - Audited standalone and consolidated financial results for year ended March 31, 2025 approved and published.
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