Le Merite Exports Ltd

₹ 62.5 -3.03%
27 Jan - close price
About

Incorporated in 2003, Le Merite Exports Ltd. (LMEL) is engaged in manufacturing and trading textile products including cotton yarn, greige fabric, and finished fabric for domestic and export sales[1]

Key Points

Products[1]
Yarn– Company manufactures a full range of Sustainable Cotton yarn - 100% Organic Cotton, Organic in conversion, blend of a minimum 5% organic, BCI, Recycled Cotton (GRS)/ RCS, Fair-Trade across various counts.
Greigi Fabrics - The fabric is made on Airjet, Sulzer Looms in commonly used weaves like Poplin, Twill, Drill, Satin, Oxford, Matte, Canvas & Herringbone in width from 47 to 130 inches.
Organic Products – 8-10% of company's volumes comprised sustainable & organic products and company targets to reach 50% by 2025. Co. is also one of the top exporters of ORGANIC (GOTS) CERTIFIED COTTON YARN from India. It is an OEKO-TEX STANDARD 100-certified company that upholds eco-friendly products conforming to all our conventional yarn & fabrics.

  • Market Cap 147 Cr.
  • Current Price 62.5
  • High / Low 87.0 / 52.5
  • Stock P/E 7.04
  • Book Value 26.6
  • Dividend Yield 1.60 %
  • ROCE 28.0 %
  • ROE 59.6 %
  • Face Value 10.0

Pros

Cons

  • Company might be capitalizing the interest cost

* 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.

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Sep 2022
145 313 181
143 298 177
Operating Profit 2 15 5
OPM % 1% 5% 2%
4 1 2
Interest 1 2 2
Depreciation 0 0 0
Profit before tax 5 13 4
Tax % 31% 24% 47%
Net Profit 4 10 2
EPS in Rs 20.78 5.78 0.97
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 TTM
268 525 494
258 494 474
Operating Profit 10 31 19
OPM % 4% 6% 4%
1 1 2
Interest 2 4 4
Depreciation 0 0 1
Profit before tax 9 28 17
Tax % 24% 25%
Net Profit 7 21 12
EPS in Rs 40.75 12.33 6.75
Dividend Payout % 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 96%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 202%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 60%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022
2 17
Reserves 23 28
54 100
14 31
Total Liabilities 92 177
2 3
CWIP 0 0
Investments 2 2
89 172
Total Assets 92 177

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022
-22 -44
-0 -2
25 46
Net Cash Flow 3 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022
Debtor Days 80 88
Inventory Days 16 10
Days Payable 18 16
Cash Conversion Cycle 77 83
Working Capital Days 89 90
ROCE % 28%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents