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 ₹ 159 Cr.
- Current Price ₹ 67.6
- High / Low ₹ 72.0 / 39.9
- Stock P/E 99.3
- Book Value ₹ 40.1
- Dividend Yield 0.74 %
- ROCE 5.28 %
- ROE 3.29 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.3.53 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.
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 | TTM | |
|---|---|---|---|---|
| 268 | 525 | 377 | 435 | |
| 258 | 494 | 371 | 430 | |
| Operating Profit | 10 | 31 | 6 | 5 |
| OPM % | 4% | 6% | 2% | 1% |
| 1 | 1 | 3 | 4 | |
| Interest | 2 | 4 | 4 | 6 |
| Depreciation | 0 | 0 | 1 | 1 |
| Profit before tax | 9 | 28 | 4 | 2 |
| Tax % | 24% | 25% | 48% | |
| 7 | 21 | 2 | 2 | |
| EPS in Rs | 40.75 | 12.33 | 1.83 | 0.68 |
| Dividend Payout % | 0% | 8% | 27% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -87% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 18% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|
| Equity Capital | 2 | 17 | 23 | 23 |
| Reserves | 23 | 28 | 70 | 71 |
| 54 | 100 | 86 | 103 | |
| 14 | 31 | 22 | 23 | |
| Total Liabilities | 92 | 177 | 202 | 220 |
| 2 | 3 | 2 | 3 | |
| CWIP | 0 | 0 | 7 | 8 |
| Investments | 2 | 2 | 2 | 1 |
| 89 | 172 | 191 | 207 | |
| Total Assets | 92 | 177 | 202 | 220 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| -22 | -44 | 11 | |
| -0 | -2 | -7 | |
| 25 | 46 | 30 | |
| Net Cash Flow | 3 | 0 | 34 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 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% |
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