Le Merite Exports Ltd

Le Merite Exports Ltd

₹ 138 -1.29%
24 Jun - close price
About

Incorporated in 2003, Le Merite Exports Ltd is in the business of manufacturing, purchase and sale of textiles[1]

Key Points

Business Overview:[1][2]
LMEL is a vertically integrated manufacturing company which is in 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

  • Market Cap 324 Cr.
  • Current Price 138
  • High / Low 144 / 40.6
  • Stock P/E 185
  • Book Value 40.0
  • Dividend Yield 0.36 %
  • ROCE 5.44 %
  • ROE 1.87 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 20.8%

Cons

  • Stock is trading at 3.45 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 12.6% over last 3 years.
  • Earnings include an other income of Rs.3.73 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

Sector: Trading Industry: Trading

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024
145 313 181 196 240 229
143 298 177 194 236 226
Operating Profit 2 15 5 1 4 3
OPM % 1% 5% 2% 1% 2% 1%
4 1 2 2 2 2
Interest 1 2 2 2 3 4
Depreciation 0 0 0 0 0 0
Profit before tax 5 13 4 0 2 0
Tax % 31% 24% 47% 86% 24% 29%
4 10 2 0 2 0
EPS in Rs 20.78 5.78 0.97 0.01 0.67 0.08
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
268 525 377 468
258 494 371 462
Operating Profit 10 31 6 6
OPM % 4% 6% 2% 1%
1 1 3 4
Interest 2 4 4 7
Depreciation 0 0 1 0
Profit before tax 9 28 4 2
Tax % 24% 25% 48% 24%
7 21 2 2
EPS in Rs 40.75 12.33 1.83 0.75
Dividend Payout % 0% 8% 27% 27%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 20%
TTM: 24%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -37%
TTM: -24%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 199%
Return on Equity
10 Years: %
5 Years: %
3 Years: 13%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 2 17 23 23
Reserves 23 28 70 71
54 100 86 92
14 31 22 12
Total Liabilities 92 177 202 198
2 3 2 3
CWIP 0 0 7 8
Investments 2 2 2 1
89 172 191 186
Total Assets 92 177 202 198

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
-22 -44 11 0
-0 -2 -7 -2
25 46 30 4
Net Cash Flow 3 0 34 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 80 88 89
Inventory Days 16 10 20
Days Payable 18 16 24
Cash Conversion Cycle 77 83 85
Working Capital Days 89 91 117
ROCE % 28% 5%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Mar 2023Sep 2023Mar 2024
72.74% 72.74% 72.74% 72.74% 72.96%
0.00% 0.58% 0.58% 0.40% 0.40%
0.18% 0.00% 0.00% 0.00% 0.00%
27.08% 26.68% 26.68% 26.86% 26.64%
No. of Shareholders 1,6461,6571,6511,7001,484

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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