Meera Industries Ltd

Meera Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Meera Industries Ltd

₹ 84.9 4.99%
22 Nov - close price
meeraind.com BSE: 540519
About

Incorporated in 2006, Meera Industries Ltd manufactures and sale of customized textile machinery, machinery parts and yarns

Key Points

Business Overview:[1][2]
Company deals in twisting, cabling, winding, and heat setting machines. It designs, develops, and sells machines to various processing and manufacturing units in textile industry. Company's Twisting Machines are used for manufacturing Carpets and Rugs, Threads and Twines, and Textile and Fabrics. Company also does twisting, processing and selling of yarns. Company has a wholly owned subsidiary in USA

Website BSE
  • Market Cap ₹ 90.7 Cr.
  • Current Price ₹ 84.9
  • High / Low ₹ 140 / 35.0
  • Stock P/E 27.9
  • Book Value ₹ 26.0
  • Dividend Yield 0.59 %
  • ROCE 6.37 %
  • ROE 5.87 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 42.0 to 30.2 days.

Cons

  • Stock is trading at 3.27 times its book value
  • The company has delivered a poor sales growth of -2.64% over past five years.
  • Company has a low return on equity of 2.81% over last 3 years.
  • 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.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Textile Machinery

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
12.92 7.64 6.10 5.70 3.83 5.14 4.05 6.15 6.79 7.61 9.60 9.91 10.90
10.15 6.38 5.75 5.35 4.70 5.29 4.45 5.63 6.13 6.76 8.67 8.73 8.96
Operating Profit 2.77 1.26 0.35 0.35 -0.87 -0.15 -0.40 0.52 0.66 0.85 0.93 1.18 1.94
OPM % 21.44% 16.49% 5.74% 6.14% -22.72% -2.92% -9.88% 8.46% 9.72% 11.17% 9.69% 11.91% 17.80%
0.10 0.01 0.23 0.10 0.04 0.13 0.15 0.00 0.00 0.01 0.03 0.07 0.08
Interest 0.03 0.03 0.02 0.03 0.03 0.02 0.03 0.02 0.03 0.02 0.04 0.03 0.06
Depreciation 0.25 0.29 0.23 0.26 0.26 0.26 0.30 0.31 0.31 0.31 0.31 0.32 0.32
Profit before tax 2.59 0.95 0.33 0.16 -1.12 -0.30 -0.58 0.19 0.32 0.53 0.61 0.90 1.64
Tax % 28.19% 20.00% 51.52% 37.50% -9.82% 26.67% -5.17% 52.63% 3.12% 13.21% 0.00% 0.00% 21.34%
1.86 0.77 0.16 0.10 -1.01 -0.38 -0.55 0.09 0.31 0.46 0.60 0.90 1.29
EPS in Rs 1.74 0.72 0.15 0.09 -0.95 -0.36 -0.52 0.08 0.29 0.43 0.56 0.84 1.21
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
7.12 7.46 7.85 7.95 13.03 21.06 34.46 20.16 21.89 31.77 18.72 30.14 38.02
6.84 7.11 7.21 7.08 11.62 17.68 28.70 19.75 18.65 27.04 19.79 27.18 33.12
Operating Profit 0.28 0.35 0.64 0.87 1.41 3.38 5.76 0.41 3.24 4.73 -1.07 2.96 4.90
OPM % 3.93% 4.69% 8.15% 10.94% 10.82% 16.05% 16.72% 2.03% 14.80% 14.89% -5.72% 9.82% 12.89%
0.12 0.06 0.16 0.12 0.34 0.45 0.81 0.84 0.37 0.42 0.41 0.04 0.19
Interest 0.12 0.06 0.03 0.03 0.03 0.04 0.08 0.04 0.03 0.22 0.10 0.11 0.15
Depreciation 0.16 0.16 0.31 0.32 0.25 0.30 0.37 0.42 0.68 1.01 1.09 1.24 1.26
Profit before tax 0.12 0.19 0.46 0.64 1.47 3.49 6.12 0.79 2.90 3.92 -1.85 1.65 3.68
Tax % 50.00% 15.79% 50.00% 34.38% 27.21% 25.21% 26.63% 29.11% 26.55% 28.32% 0.00% 10.91%
0.06 0.16 0.23 0.42 1.06 2.61 4.49 0.56 2.12 2.81 -1.84 1.47 3.25
EPS in Rs 0.22 0.59 0.85 1.56 1.56 2.78 4.78 0.52 1.99 2.63 -1.72 1.38 3.04
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 26.89% 33.13% 26.26% 190.71% 60.45% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 15%
5 Years: -3%
3 Years: 11%
TTM: 72%
Compounded Profit Growth
10 Years: 25%
5 Years: -20%
3 Years: -11%
TTM: 616%
Stock Price CAGR
10 Years: %
5 Years: 8%
3 Years: 3%
1 Year: 117%
Return on Equity
10 Years: 9%
5 Years: 4%
3 Years: 3%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1.11 1.11 1.11 1.11 2.85 3.93 3.93 10.68 10.68 10.68 10.68 10.68 10.68
Reserves 1.19 1.35 1.58 1.76 0.91 5.29 9.78 12.50 13.90 15.42 13.62 15.09 17.04
0.23 0.15 0.15 0.08 0.01 0.28 0.00 0.00 0.00 1.25 1.01 4.15 5.85
3.73 1.89 2.11 2.80 4.14 5.36 7.64 6.08 7.97 7.96 9.88 7.05 11.56
Total Liabilities 6.26 4.50 4.95 5.75 7.91 14.86 21.35 29.26 32.55 35.31 35.19 36.97 45.13
2.02 1.95 2.18 2.03 1.94 2.96 4.69 9.48 13.10 15.88 19.38 18.50 18.23
CWIP 0.00 0.21 0.00 0.00 0.00 0.11 0.00 0.17 0.57 2.90 0.02 0.37 5.15
Investments 0.00 0.00 0.00 1.12 0.25 0.82 0.65 0.71 0.69 0.39 0.15 0.15 0.16
4.24 2.34 2.77 2.60 5.72 10.97 16.01 18.90 18.19 16.14 15.64 17.95 21.59
Total Assets 6.26 4.50 4.95 5.75 7.91 14.86 21.35 29.26 32.55 35.31 35.19 36.97 45.13

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.57 0.44 1.44 1.65 0.23 -0.49 2.44 -5.63 7.41 2.58 1.39 -1.39
0.01 -0.28 -0.60 -0.74 -0.11 -1.83 -1.59 -5.33 -5.02 -2.45 -1.32 -0.69
-0.47 -0.10 -0.06 -0.08 0.25 3.21 -0.85 8.91 -0.74 -1.59 -0.33 3.06
Net Cash Flow 0.10 0.06 0.77 0.83 0.38 0.89 0.00 -2.05 1.65 -1.46 -0.26 0.98

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 104.58 55.29 42.31 31.22 27.73 62.91 35.17 35.85 66.86 44.00 51.86 30.15
Inventory Days 136.88 51.94 25.12 46.92 61.67 69.50 104.26 227.43 230.30 184.87 308.39 181.15
Days Payable 112.49 86.34 73.15 88.27 85.23 75.92 83.30 119.60 137.10 107.73 194.87 59.27
Cash Conversion Cycle 128.96 20.89 -5.71 -10.13 4.17 56.49 56.12 143.68 160.07 121.14 165.39 152.03
Working Capital Days 29.22 22.02 -10.23 -49.58 -13.73 42.81 46.08 120.94 117.89 91.11 99.05 115.89
ROCE % 9.16% 9.73% 17.98% 23.49% 44.64% 52.30% 52.31% 4.12% 12.23% 14.94% -7.14% 6.37%

Shareholding Pattern

Numbers in percentages

12 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
64.19% 64.19% 64.19% 64.19% 64.19% 64.19% 64.19% 64.19% 64.19% 64.19% 64.19% 64.19%
35.81% 35.81% 35.81% 35.81% 35.82% 35.81% 35.80% 35.80% 35.80% 35.81% 35.81% 35.82%
No. of Shareholders 1,1522,8262,7772,8913,1233,1723,2023,1643,1373,5683,6123,937

Documents

Announcements

Annual reports

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