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 ₹ 531 Cr.
- Current Price ₹ 226
- High / Low ₹ 239 / 40.6
- Stock P/E 180
- Book Value ₹ 42.1
- Dividend Yield 0.09 %
- ROCE 5.17 %
- ROE 1.61 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 17.8%
Cons
- Stock is trading at 5.37 times its book value
- Company has low interest coverage ratio.
- Earnings include an other income of Rs.4.17 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|
| 180 | 217 | 268 | 525 | 364 | 468 | 491 | |
| 175 | 210 | 258 | 494 | 354 | 462 | 482 | |
| Operating Profit | 4 | 7 | 10 | 31 | 10 | 6 | 9 |
| OPM % | 2% | 3% | 4% | 6% | 3% | 1% | 2% |
| 1 | 0 | 1 | 1 | 3 | 4 | 4 | |
| Interest | 3 | 3 | 2 | 4 | 4 | 7 | 8 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 0 | 1 |
| Profit before tax | 2 | 4 | 9 | 28 | 8 | 2 | 4 |
| Tax % | 29% | 27% | 24% | 25% | 25% | 24% | |
| 1 | 3 | 7 | 21 | 6 | 2 | 3 | |
| EPS in Rs | 6.62 | 18.44 | 40.75 | 12.33 | 2.71 | 0.74 | 1.26 |
| Dividend Payout % | 0% | 0% | 0% | 8% | 18% | 27% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 20% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | -39% |
| TTM: | 84% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 386% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 14% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 17 | 23 | 23 | 23 |
| Reserves | 12 | 16 | 23 | 28 | 72 | 73 | 75 |
| 38 | 29 | 54 | 100 | 83 | 89 | 103 | |
| 5 | 10 | 14 | 31 | 23 | 13 | 42 | |
| Total Liabilities | 57 | 56 | 92 | 177 | 202 | 198 | 244 |
| 2 | 2 | 2 | 3 | 2 | 2 | 11 | |
| CWIP | 0 | 0 | 0 | 0 | 7 | 8 | 0 |
| Investments | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| 54 | 53 | 89 | 172 | 190 | 185 | 231 | |
| Total Assets | 57 | 56 | 92 | 177 | 202 | 198 | 244 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -5 | -2 | -22 | -44 | 18 | 0 | |
| 0 | -0 | -0 | -2 | -7 | -2 | |
| 1 | -2 | 25 | 46 | 23 | 4 | |
| Net Cash Flow | -4 | -5 | 3 | 0 | 34 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 69 | 63 | 80 | 88 | 92 | 69 |
| Inventory Days | 7 | 5 | 16 | 10 | 18 | 13 |
| Days Payable | 7 | 15 | 18 | 16 | 24 | 10 |
| Cash Conversion Cycle | 69 | 53 | 77 | 83 | 87 | 73 |
| Working Capital Days | 78 | 62 | 89 | 90 | 119 | 94 |
| ROCE % | 14% | 17% | 28% | 8% | 5% |
Documents
Announcements
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Updates
19 November 2024 - Le Merite Exports Limited has informed regarding 'Announcement pursuant to a requirement/query from the National Stock Exchange regarding theproposed preferential issue of 15,16,800 Warrants convertible …
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Related Party Transactions
25 October 2024 - Le Merite Exports Limited has informed about Non-applicability of Regulation 23(9) of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, in respect of Related Party …
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Financial Result Updates
25 October 2024 - Le Merite Exports Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
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Board Meeting Intimation
22 October 2024 - LE MERITE EXPORTS LIMITED has informed about Board Meeting to be held on 25-Oct-2024 to consider and approve the Half Yearly Unaudited Financial results of …
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
9 October 2024 - LEMERITE: Le Merite Exports Limited has informed regarding the non-applicability of the Compliance Report on Corporate Governance for the Q2 FY 2024-25
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