Le Merite Exports Ltd

Le Merite Export Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Le Merite Exports Ltd

₹ 226 -1.61%
22 Nov - close price
Company website NSE - SME: LEMERITE
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

Website NSE - ST
  • Market Cap ₹ 531 Cr.
  • Current Price ₹ 226
  • High / Low ₹ 239 / 40.6
  • Stock P/E 169
  • Book Value ₹ 41.3
  • Dividend Yield 0.09 %
  • ROCE 5.19 %
  • ROE 1.65 %
  • Face Value ₹ 10.0
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Pros

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

Cons

  • Stock is trading at 5.47 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 12.4% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.6.57 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 Sep 2024
145 313 181 196 240 229 297
143 298 177 194 236 226 293
Operating Profit 2 15 5 1 4 3 4
OPM % 1% 5% 2% 1% 2% 1% 1%
4 1 2 2 2 2 5
Interest 1 2 2 2 3 4 4
Depreciation 0 0 0 0 0 0 0
Profit before tax 5 13 4 0 2 0 4
Tax % 31% 24% 47% 86% 24% 29% 25%
4 10 2 0 2 0 3
EPS in Rs 20.78 5.78 0.97 0.01 0.67 0.08 1.26
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
268 525 377 468 526
258 494 371 462 519
Operating Profit 10 31 6 6 7
OPM % 4% 6% 2% 1% 1%
1 1 3 4 7
Interest 2 4 4 7 8
Depreciation 0 0 1 0 1
Profit before tax 9 28 4 2 4
Tax % 24% 25% 48% 24%
7 21 2 2 3
EPS in Rs 40.75 12.33 1.83 0.75 1.34
Dividend Payout % 0% 8% 27% 27%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 20%
TTM: 21%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -39%
TTM: 96%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 386%
Return on Equity
10 Years: %
5 Years: %
3 Years: 12%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2 17 23 23 23
Reserves 23 28 70 71 73
54 100 86 92 103
14 31 22 12 39
Total Liabilities 92 177 202 198 239
2 3 2 2 12
CWIP 0 0 7 8 0
Investments 2 2 2 2 1
89 172 191 186 226
Total Assets 92 177 202 198 239

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 69
Inventory Days 16 10 20 15
Days Payable 18 16 24 11
Cash Conversion Cycle 77 83 85 74
Working Capital Days 89 91 114 93
ROCE % 28% 5% 5%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024
72.74% 72.74% 72.74% 72.74% 72.96% 73.06%
0.00% 0.58% 0.58% 0.40% 0.40% 0.20%
0.18% 0.00% 0.00% 0.00% 0.00% 0.00%
27.08% 26.68% 26.68% 26.86% 26.64% 26.74%
No. of Shareholders 1,6461,6571,6511,7001,4841,027

* 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.

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