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Le Merite Exports Ltd (LEMERITE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: LEMERITE Trading | Small Cap | Le Merite Exports Share Price

BSE Share Price
Not Listed

Le Merite Exports Ltd (LEMERITE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: LEMERITE Trading | Small Cap | Le Merite Exports Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹388 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹0.9
TTM Sales
₹356 Cr.
Book Value per Share
₹10.9
P/E Ratio
35.26
Higher than its 5-year historical median
Industry PE
36
Price to Book (P/B)
2.84
Higher than its 5-year historical median
Price to Sales (P/S)
1.09
Higher than its 5-year historical median
EV/EBITDA
18.26
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
5.08%
Outperforms industry median
Return on Capital Employed (ROCE)
8.00%
Outperforms industry median
Return on Assets (ROA)
2.42%
Operating Profit Margin
1.8%
Net Profit Margin
1.1%
Gross Profit Margin
1.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
2.57%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
32.09%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
204.6%
Asset Quality
Promoter Holding
59.65%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹112 Cr.
Equity
₹25 Cr.
Face Value
₹2
All Time Low / High
- / -

Le Merite Exports stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Le Merite Exports Ltd a good quality company?
Le Merite Exports Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Le Merite Exports Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Le Merite Exports Ltd vs industry peers?
Le Merite Exports Ltd revenue CAGR is 17.25%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Le Merite Exports Ltd?
Promoters hold 59.65% of the Le Merite Exports Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Le Merite Exports Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 85.04% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Le Merite Exports Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 9.8%13.8%17.2%28.2%7.8%5.3%8%-
Value Creation
Index
-0.30.00.21.0-0.4-0.6-0.4-

Growth Parameters

Sales 180217268526364468480356
Sales YoY Gr.-20.4%23.9%96%-30.8%28.6%2.6%-
Adj EPS 0.10.40.82.40.50.10.40.9
YoY Gr.-178.6%107.7%201.2%-77.9%-74.1%200%-
BVPS (₹) 1.722.95.38.28.29.310.9
Adj Net
Profit
1.23.36.920.86.31.65.111
Cash Flow from Ops. -5-2.5-22.1-4418.40.1-15-
Debt/CF from Ops. -7.6-11.9-2.4-2.34.5752-6.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA17.3%-3%2.6%
Adj EPS NA1.5%-44.4%200%
BVPSNA35.6%20.3%13.3%
Share Price - - -12.2% -90.2%

Key Financial Parameters

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.421.23359.691.74.88.7
Op. Profit
Mgn %
2.53.13.95.92.81.41.83.1
Net Profit
Mgn %
0.71.52.641.70.31.13.1
Debt to
Equity
2.71.72.22.20.90.90.90
Working Cap
Days
0778785156112118157
Cash Conv.
Cycle
0556061104707678

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales180217268526364468480
Operating Expenses + 176210258495354462472
Manufacturing Costs1029686
Material Costs166197236437326434443
Employee Cost 1114222
Other Costs 8121844201820
Operating Profit 4610311068
Operating Profit Margin (%) 2.4%2.9%3.9%5.9%2.8%1.4%1.8%
Other Income + 1111349
Exceptional Items 0000000
Interest 3324479
Depreciation 0001101
Profit Before Tax 24928927
Tax 0127212
Profit After Tax 13721625
PAT Margin (%) 0.6%1.5%2.6%4.0%1.8%0.4%1.1%
Adjusted EPS (₹)0.10.40.82.50.50.20.4
Dividend Payout Ratio (%)0%0%0%8.10%18.50%26.90%0%

Valuation of Le Merite Exports - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 141724459696113
Share Capital 22217232324
Reserves 12162328727388
Debt +3829481008288103
Long Term Debt11121213
Short Term Debt36284798818790
Minority Interest0000000
Trade Payables381219211220
Others Liabilities 22712315
Total Liabilities 575692177202198240

Fixed Assets

Net Fixed Assets +22232211
Gross Block44466616
Accumulated Depreciation2223345
CWIP 0000780
Investments 1122224
Inventories331013161611
Trade Receivables3438591279289116
Cash Equivalents 10588424554
Others Assets 671224403544
Total Assets 575692177202198240

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -5-2-22-44180-15
PBT 24928927
Adjustment 0001001
Changes in Working Capital -6-6-29-6612-2-22
Tax Paid -0-1-2-7-2-1-2
Cash Flow From Investing Activity + 0-0-0-2-7-2-3
Capex 00000-0-2
Net Investments 0-00-0-0-0-1
Others -00-0-2-7-10
Cash Flow From Financing Activity + 1-2254623427
Net Proceeds from Shares 000048012
Net Proceeds from Borrowing 1-110-0011
Interest Paid 0000000
Dividend Paid 0000-2-1-0
Others 0-12446-2355
Net Cash Flow -4-5303439

Financial Ratio

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)7.9820.0233.3660.2491.825.08
ROCE (%)9.8113.8117.2428.217.85.328
Asset Turnover Ratio3.183.843.623.911.922.342.2
PAT to CFO Conversion(x)-5-0.67-3.14-2.130-3
Working Capital Days
Receivable Days6960.3065.3064.30109.8070.6077.80
Inventory Days6.605.108.807.9014.4012.4010.20
Payable Days710.5015.4012.9022.5013.8012.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Le Merite Exports Ltd FAQs

The current trading price of Le Merite Exports on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Le Merite Exports stood at ₹388.1 Cr

The latest P/E ratio of Le Merite Exports as of 31-Dec-1969 is 35.26.

The latest P/B ratio of Le Merite Exports as of 31-Dec-1969 is 2.84.

The 52-week high of Le Merite Exports is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Le Merite Exports is ₹356 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Le Merite Exports Ltd is a below average quality company.

The key valuation ratios of Le Merite Exports Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Le Merite Exports Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Le Merite Exports Ltd

LE Merite Exports is an ISO 9001:2015 certified and engaged in manufacturing and trading of textile products namely cotton yarn, greige fabric and finished fabric for domestic and export sales. It deals in diversified product portfolio with capability to supply compact cotton yarn varying from counts NE 16/1 to NE 32/1 & NE 16/2 to NE 32/2 combed carded & double yarn that are used in various forms and for varied end uses. It also export sustainable - ecofriendly organic yarn and fabric to international textile and garment manufacturers. The company has been recognized as Three Star Export House by the Director General of Foreign Trade with a certificate valid from September 30, 2015 to September 29, 2020. Further, the company had made an application on September 29, 2021 for renewal of certificate.

The company is certified by some of the most reputed global certification agencies for its quality, environment consciousness, its processes and customer services such as ISO 9001:2015, OEKO-TEX Standard 100, Global Organic Textile Standard (GOTS) for 100% Organic cotton yarn and greige fabric. The company is also a registered member of Better Cotton Initiative (BCI) etc. The company is also contributing towards CSR activities as per the requirements of Companies Act, 2013.

Business area of the company

Le Merite Exports is engaged in the manufacturing and trading of textile products such as cotton yarn, greige fabric and finished fabric.

Major Events & Milestones:

  • 2003: The company was incorporated as a private limited company.
  • 2004: Change in name of the company from “Didwaniya Yarn Exports Private Limited” to “Le Merite Exports Private Limited”.
  • 2006: Change in control of the company from Didwaniya Family to Lath Family.
  • 2015: Conversion of company from private to public from “Le Merite Exports Private Limited” to “Le Merite Exports Limited”.

Key Awards, Achievements and Accolades

  • 2010: ISO 9001:2015.
    2013 -14: Has been awarded Gold Plaque the highest Exports of Cotton Yarn from TEXPROCIL.
  • 2013-14: A certificate & Award for Third Best Export Performance Merchant Exporter by Synthetic & Rayon Textiles Export Promotion Council SRTEPC).
  • 2014-15: A certificate & Award for Third Best Export Performance Merchant Exporter by Synthetic & Rayon Textiles Export Promotion Council (SRTEPC).
  • 2015-16: A certificate & Award for Third Best Export Performance Merchant Exporter by Synthetic & Rayon Textiles Export Promotion Council SRTEPC).
  • 2016-17: A certificate & Award for Third Best Export Performance Merchant Exporter by Synthetic & Rayon Textiles Export Promotion Council SRTEPC).
    2016 -17: First Award for the best Export Performance by Government of Maharashtra Industries Department Directorate of Industries.
  • 2017-18: A certificate from Federation of Indian Export Organization (FIEO) (Set up by Ministry of Commerce, Govt of India) for outstanding Export Performance in the category of Highest Foreign Exchange Earner – Maharashtra State – MSME.
  • 2017-18: Participation in TexTech Bangladesh International Expo.
  • 2018-19: A certificate & Award for Second Best Export Performance Merchant Exporter by Synthetic & Rayon Textiles Export Promotion Council SRTEPC.
  • 2021-22: A certificate from Oeko Tex for Griege woven fabrics made of 100% cotton exclusively produced from material certified according to Standard 100.
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