Le Merite Exports Limited share price
Le Merite Exports Limited, together with its subsidiaries, engages in the manufacturing, purchase, and sale of textile in India and internationally. It offers cotton, cotton blended, and synthetic yarns; greige and finished fabrics; and weaving job units, such as machinery details. The company was incorporated in 2003 and is headquartered in Mumbai, India.Read more
- Market Cap₹ 258 Cr.
- Current Price₹ 20.60
- High / Low₹ 108 / 18
- Stock P/E89.6
- Book Value₹ 11
- Dividend Yield0.00 %
- ROCE14.9 %
- ROE9.40 %
- Face Value₹ 2.0
More figures (10)
- EPS (TTM)₹ 0.23
- Price / Book1.89
- OPM2.5 %
- Debt / Equity0.68
- Sales growth (4Y)-1.7 %
- Profit growth (4Y)39.3 %
- Promoter holding—
- EV / EBITDA—
- Beta-0.24
- All-time high₹ 108
Price chart
| Returns | 1M | 3M | 6M | YTD | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| LEMERITE | +7.40% | -1.86% | -76.42% | -78.14% | -78.21% | +28.08% | — |
| Nifty 50 | -0.31% | -3.85% | -4.34% | -11.42% | -9.53% | +5.46% | +4.76% |
Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.
Quick take
- Le Merite Exports Limited is in the Textile Manufacturing industry (Consumer Cyclical), with a market value of ₹258 crore.
- It trades at 89.6 times its last 12 months' earnings and 1.9 times book value.
- Revenue grew -1.7% a year over the last 4 years, profit 39.3% a year.
- Return on equity was 9.4% and return on capital employed 14.9% in the latest year.
- Debt was 0.68 times shareholders' equity.
- The share price is 80.9% below its 52-week high and down 78.2% over one year.
Pros
AI- Trades at 89.6 times earnings, below its 3-year median of 138.1.
Cons
AI- Return on equity has been low: 5.5% on average over the last 3 years.
- Interest cover is thin: operating earnings are 2.2 times the interest cost.
- Promoter holding has fallen by 13.09 points over 3 years, to 59.65%.
- Other income makes up 148% of profit before tax.
- The company has not paid a dividend recently.
Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.
About Le Merite Exports Limited
Le Merite Exports Limited, together with its subsidiaries, engages in the manufacturing, purchase, and sale of textile in India and internationally. It offers cotton, cotton blended, and synthetic yarns; greige and finished fabrics; and weaving job units, such as machinery details. The company was incorporated in 2003 and is headquartered in Mumbai, India.
- Employees
- 23
- Head office
- Mumbai
Peer comparison
| Company | Market cap (₹ Cr) | P/E | P/B | ROE | OPM | Sales CAGR | Div. yield |
|---|---|---|---|---|---|---|---|
| Le Merite Exports LimitedLEMERITE | 258 | 89.6 | 1.89 | 9.4% | 2.5% | -1.7% | 0.00% |
| Pasupati Acrylon LimitedPASUPTAC | 705 | 7.4 | 1.62 | 17.5% | 9.9% | +6.9% | 0.00% |
| Modern Threads (India) LimitedMODTHREAD | 157 | 8.7 | — | 8.8% | 4.0% | -0.6% | 0.00% |
Companies in the same industry (Textile Manufacturing). Tap a heading to sort. Sorting is a way to explore data, not a recommendation.
Quarterly Results
Consolidated figures in ₹ croreStandalone figures in ₹ crore /
Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Latest quarter on the right.
Profit & Loss
Consolidated figures in ₹ croreStandalone figures in ₹ crore /
| ₹ Cr | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|
| 515 | 357 | 451 | |
| YOY Sales Growth % | -30.55% | ||
| 508 | 344 | 446 | |
| Material Cost % | 93% | 89% | 90% |
| Employee Cost % | 0% | 1% | 1% |
| Other Expenses % | 5% | 7% | 8% |
| Operating Profit | 7 | 13 | 5 |
| OPM % | 1% | 4% | 1% |
| Other Income | 11 | 10 | 14 |
| Interest | 9 | 7 | 9 |
| Depreciation | 1 | ||
| Profit before tax | 9 | 15 | 9 |
| 21% | 23% | 27% | |
| Current tax | 2 | 3 | |
| Deferred tax | 0 | -0 | |
| 12 | |||
| Minority share | -0 | -0 | |
| Profit to shareholders | 12 | ||
| EPS in Rs | 0.51 | 0.94 | 1.29 |
Compounded Sales Growth
- TTM:
- 0%
Stock Price CAGR
- 3 Years:
- 28%
- 1 Year:
- -78%
Return on Equity
- 4 Years:
- 5%
- Last Year:
- 9%
| ₹ Cr | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|
| 480 | 356 | 449 | |
| YOY Sales Growth % | -25.87% | ||
| 473 | 344 | 445 | |
| Material Cost % | 92% | 90% | 90% |
| Employee Cost % | 0% | 1% | 1% |
| Other Expenses % | 5% | 6% | 8% |
| Operating Profit | 7 | 12 | 4 |
| OPM % | 2% | 3% | 1% |
| Other Income | 9 | 11 | 15 |
| Interest | 9 | 7 | 9 |
| Depreciation | 1 | ||
| Profit before tax | 7 | 14 | 9 |
| 25% | 24% | 27% | |
| Current tax | 2 | 3 | |
| Deferred tax | 0 | -0 | |
| Net Profit | 11 | ||
| EPS in Rs | 0.45 | 0.89 | 1.23 |
Compounded Sales Growth
- TTM:
- 0%
Stock Price CAGR
- 3 Years:
- 28%
- 1 Year:
- -78%
Return on Equity
- 4 Years:
- 5%
- Last Year:
- 9%
Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.
Balance Sheet
Consolidated figures in ₹ crore, as at 31 March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 23 | 23 | 24 | 25 |
| Reserves | 70 | 69 | 87 | 111 |
| 86 | 93 | 103 | 92 | |
| Long term borrowings | 5 | 6 | 13 | 6 |
| Short term borrowings | 81 | 87 | 90 | 86 |
| 22 | 12 | 21 | 30 | |
| Trade payables | 22 | 12 | 20 | 12 |
| Minority interest | -2 | -2 | -1 | -1 |
| Current liabilities | 105 | 100 | 112 | 117 |
| Total Liabilities | 202 | 197 | 235 | 259 |
| 11 | 10 | 11 | 20 | |
| Gross block | 14 | 10 | 13 | 23 |
| Accumulated depreciation | 3 | 1 | 2 | |
| CWIP | 7 | 8 | 9 | |
| 185 | 178 | 224 | 229 | |
| Inventories | 18 | 18 | 11 | 7 |
| Trade receivables | 92 | 87 | 113 | 84 |
| Cash & equivalents | 42 | 1 | 3 | 10 |
| Current assets | 184 | 181 | 219 | 230 |
| Total Assets | 202 | 197 | 235 | 259 |
Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.
Cash Flows
Consolidated figures in ₹ crore, financial years ending March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11 | 0 | -7 | 39 | |
| Profit for the year | 4 | 2 | 5 | 12 |
| Working capital changes | 9 | -2 | -21 | 25 |
| Direct taxes paid | -2 | -1 | -1 | -5 |
| -7 | -2 | -6 | -25 | |
| Fixed assets purchased | -7 | -1 | -2 | -11 |
| 30 | 4 | 15 | -7 | |
| Proceeds from borrowings | 3 | 6 | 11 | |
| Repayment of borrowings | -17 | -0 | -12 | |
| Interest paid | -9 | -7 | ||
| Dividends paid | -2 | -1 | -0 | |
| Net Cash Flow | 34 | 3 | 2 | 7 |
| Free Cash Flow | 4 | -1 | -9 | 27 |
Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.
Ratios
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| ROE | — | 4.6% | 1.9% | 5.3% | 9.4% |
| ROCE | — | 8.6% | 9.6% | 12.8% | 14.9% |
| Operating margin | — | 0.5% | 0.3% | 1.2% | 2.5% |
| Net margin | — | 1.2% | 0.4% | 1.1% | 3.4% |
| Debt / equity | — | 0.92 | 1.00 | 0.92 | 0.68 |
| Current ratio | — | 1.75 | 1.80 | 1.96 | 1.97 |
Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities).
Shareholding Pattern
Numbers in percentages · as filed with NSE each quarter
- Promoters 59.65%
- FIIs 0.05%
- Public 40.29%
| % | Jun 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 72.74% | 72.74% | 72.74% | 72.74% | 72.96% | 73.06% | 62.22% | 61.53% | 59.65% | 59.65% | 59.65% | 59.65% |
| 0.58% | 0.58% | 0.40% | 0.40% | 0.20% | 0.52% | 0.34% | 0.15% | 0.22% | 0.05% | |||
| Foreign portfolio investors (Cat. I) | 0.40% | 0.58% | 0.40% | 0.40% | 0.20% | 0.52% | 0.34% | 0.12% | 0.21% | 0.01% | ||
| Foreign portfolio investors (Cat. II) | 0.18% | 0.02% | 0.05% | |||||||||
| 0.16% | 0.16% | |||||||||||
| Alternative investment funds | 0.16% | 0.16% | ||||||||||
| 27.08% | 26.68% | 26.68% | 26.86% | 26.64% | 26.74% | 37.26% | 38.13% | 40.04% | 39.97% | 40.34% | 40.29% | |
| Retail (up to ₹2 lakh) | 14.00% | 14.77% | 15.80% | 14.47% | 11.24% | 14.18% | 15.37% | 15.47% | 14.50% | 16.41% | 16.44% | |
| HNIs (above ₹2 lakh) | 7.22% | 7.92% | 7.50% | 9.26% | 12.92% | 19.73% | 19.08% | 20.15% | 19.60% | 18.77% | 19.06% | |
| NRIs | 1.06% | 0.92% | 0.64% | 0.29% | 0.17% | 0.49% | 0.49% | 0.68% | 0.46% | 0.96% | 0.99% | |
| Bodies corporate | 1.64% | 1.47% | 1.20% | 0.95% | 1.21% | 0.90% | 1.22% | 1.35% | 2.71% | 2.36% | 1.87% | |
| No. of Shareholders | 1,659 | 1,657 | 1,651 | 1,700 | 1,484 | 1,027 | 1,225 | 1,465 | 1,715 | 1,700 | 4,441 | 4,506 |
Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.
Documents
Announcements
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Le Merite Exports Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 201812-Oct-2026
- Shareholders meetingLe Merite Exports Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 30, 2026. Further, the company has informed the Exchange…02-Oct-2026
- Shareholders meetingLe Merite Exports Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 202630-Sep-2026
- Trading WindowLe Merite Exports Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 201521-Sep-2026
- Copy of Newspaper PublicationLe Merite Exports Limited has informed the Exchange about Copy of Newspaper Publication09-Sep-2026
- Shareholders meetingLe Merite Exports Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 30, 202608-Sep-2026
- Change in Director(s)Le Merite Exports Limited has informed the Exchange regarding Change in Director(s) of the company.08-Sep-2026
- Outcome of Board MeetingLe Merite Exports Limited has informed the Exchange regarding Outcome of Board Meeting held on September 08, 2026.08-Sep-2026
- AgreementsLe Merite Exports Limited has informed the Exchange about Agreements31-Aug-2026
- Copy of Newspaper PublicationLe Merite Exports Limited has informed the Exchange about Copy of Newspaper Publication15-Aug-2026
- Statement of deviation(s) or variation(s) under Reg. 32Le Merite Exports Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 3214-Aug-2026
- Press ReleaseLe Merite Exports Limited has informed the Exchange regarding a press release dated August 14, 2026, titled "Press Release".14-Aug-2026
Filings made by the company with NSE; documents open on NSE's website.
Key dates
- Ex-dividend date
- 23 Sep 2024
- Latest quarter
- 30 Jun 2026
- Financial year end
- 31 Mar 2026
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