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 ₹ 445 Cr.
- Current Price ₹ 189
- High / Low ₹ 198 / 40.6
- Stock P/E 254
- Book Value ₹ 40.0
- Dividend Yield 0.26 %
- 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 4.73 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.
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 | 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: | 293% |
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% |
Documents
Announcements
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Outcome of Board Meeting
26 July 2024 - Le Merite Exports Limited has informed regarding Board meeting held on July 26, 2024.
-
Board Meeting Intimation
22 July 2024 - LE MERITE EXPORTS LIMITED has informed about Board Meeting to be held on 26-Jul-2024 to consider and approve Fund raising/Increase in authorised capital/Other business.
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Trading Window-XBRL
22 July 2024 - Le Merite Exports Limited has informed about Closure of Trading Window
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Trading Window
22 July 2024 - Le Merite Exports Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
8 July 2024 - LEMERITE: Le Merite Exports Limited has informed regarding the Non-applicability of Corporate Governance Provisions as per SEBI (LODR) Regulation, 2015, for the quarter that ended …
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