MarketFriction

Le Merite Exports Ltd

NSE LEMERITE · Other Textile Products
₹19.28 -3.26%
NSE close2026-10-01
52 week range17.73 - 107.57
Market cap₹250 Cr.
P/E89.5
IPO 2022 · +167% since Price band 5% Delivery 59.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales95.51126.10110.4698.2173.4975.3189.75
Expenses93.72121.49105.1792.6071.4675.3999.33
Operating Profit1.794.615.295.612.03-0.08-9.58
OPM %1.87%3.66%4.79%5.71%2.76%-0.11%-10.67%
Other Income1.041.552.592.282.453.105.95
Interest2.202.512.011.891.461.641.53
Depreciation0.360.360.340.360.340.290.26
Profit before tax0.273.295.535.642.681.09-5.42
Tax %11.11%28.27%22.42%22.87%23.51%20.18%-15.50%
Net Profit0.252.354.304.352.050.87-4.57
EPS in Rs0.020.190.350.360.170.06-0.36
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales268525377468525357337
Expenses258494371462517344339
Operating Profit103166813-2
OPM %3.9%6%1.6%1.4%1.5%3.7%-0.6%
Other Income1134111014
Interest2447977
Depreciation0010111
Profit before tax928429154
Tax %24%25%48%24%21%23%
Net Profit721227123
EPS in Rs8.192.470.370.150.500.930.23
Dividend Payout %0%8%27%27%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%6%-2%-32%
Compounded Profit Growth%11%39%99%
Stock Price CAGR%%28%-77%
Return on Equity%10%6%9%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital21723232425
Reserves2328707190110
Borrowings54100869210390
Other Liabilities143122122133
Total Liabilities92177202198238259
Fixed Assets23231313
CWIP007809
Investments2221229
Other Assets89172191186223207
Total Assets92177202198238259
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-22-44110-1239
Cash from Investing Activity-0-2-7-2-3-25
Cash from Financing Activity254630425-7
Net Cash Flow3034397
Free Cash Flow-22-464-1-1427
CFO/OP-191%-119%222%17%-136%333%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days808889698185
Inventory Days1610201589
Days Payable181624111514
Cash Conversion Cycle778385747480
Working Capital Days172235283858
ROCE %28%5%5%9%10%
Jun 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters72.74%72.74%72.74%72.74%72.96%73.06%62.22%61.53%59.65%59.65%59.65%
FIIs0.00%0.58%0.58%0.40%0.40%0.20%0.52%0.34%0.15%0.22%0.00%
DIIs0.18%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.16%0.16%0.00%
Public27.08%26.68%26.68%26.86%26.64%26.74%37.26%38.13%40.04%39.97%40.34%
No. of Shareholders1,6461,6571,6511,7001,4841,0271,2251,4651,7151,7004,441

Fundamentals

Market Cap₹ 250 Cr.
Current Price₹ 20.0
Stock P/E89.5
Book Value₹ 10.8
ROCE9.95 %
ROE9.33 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-32%
Compounded Profit Growth (TTM)99%
Consolidated figures.
Valuation
Market capRs 241 Cr
Enterprise valueRs 333 Cr
P/E (TTM)21.39x
Price to book5.31x
Price to sales0.56x
EV / EBITDA13.45x
EV / EBIT14.27x
EV / sales0.77x
Earnings yield4.67%
Dividend yield0.71%
Profitability
Operating margin (excl. other income)5.93%
Operating margin (incl. other income)6.11%
EBITDA margin5.75%
Pre-tax margin3.42%
Net profit margin2.62%
Net margin, latest quarter4.46%
ROE60.25%
ROCE28.21%
ROA15.67%
ROIC (approx.)12.81%
Tax rate24.73%
Other income / net worth2.04%
Growth
Sales growth (latest year)95.85%
Profit growth (latest year)202.59%
Sales growth QoQ-11.09%
Profit growth QoQ1.86%
Per share
EPS (TTM)Rs 0.90
EPS (latest year)Rs 12.33
EPS (latest quarter)Rs 0.35
Book value per shareRs 3.63
Sales per shareRs 34.38
Cash flow per shareRs -3.51
Free cash flow per shareRs 2.16
Dividend per share (latest year)Rs 1.00
Dividends
Dividend payout8.12%
Efficiency
Asset turnover2.97x
Fixed asset turnover177.33x
Inventory turnover35.67x
Inventory days10 days
Debtor days88 days
Debtors turnover4.14x
Creditor days14 days
Cash conversion cycle80 days
Working capital days58 days
Leverage
Total debtRs 100 Cr
Cash and bankRs 8 Cr
Net debtRs 92 Cr
Debt to equity2.20x
Net debt / EBITDA3.70x
Interest coverage2.71x
Owners' fund to total sources25.74%
Debt to assets56.53%
Cash flow
Cash from Operating Activity (latest year)Rs -44 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs 46 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 27 Cr
FCFE (approx.: FCF + change in debt)Rs 73 Cr
Cash from ops / profit, 5 years-0.14x
Statement figures
Net sales (TTM)Rs 430 Cr
Net sales (latest year)Rs 525 Cr
Sales (latest quarter)Rs 98 Cr
Operating profit excl. other income (latest year)Rs 31 Cr
Operating profit (latest quarter)Rs 6 Cr
Other income (TTM)Rs 7 Cr
EBITDA (TTM)Rs 25 Cr
PBDT (TTM)Rs 16 Cr
Profit before tax (TTM)Rs 15 Cr
Tax (latest year)Rs 7 Cr
Net profit (TTM)Rs 11 Cr
Net profit (latest year)Rs 21 Cr
Net profit (latest quarter)Rs 4 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 9 Cr
Cost of goods sold (latest year)Rs 448 Cr
Total expenditure (latest year)Rs 494 Cr
Total income (latest year)Rs 526 Cr
Share capitalRs 17 Cr
ReservesRs 28 Cr
Shareholders' fundsRs 45 Cr
Total assetsRs 177 Cr
Net blockRs 3 Cr
InvestmentsRs 2 Cr
ReceivablesRs 127 Cr
InventoryRs 13 Cr
Other liabilitiesRs 31 Cr
Shares outstanding (crore)12.52
Ownership
Promoter holding59.65% (-2.57 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodLEMERITENifty 50Difference
1 week-6.4%-2.8% -3.6 pts
1 month-8.2%-6.8% -1.4 pts
3 months-12.5%-7.6% -4.9 pts
6 months-78.1%+0.4% -78.5 pts
1 year-76.0%-9.9% -66.0 pts
2 years-53.4%-13.6% -39.8 pts
3 years+104.2%+14.2% +90.1 pts

Red flags

F-score 5 of 7
explainWeak cash conversion Cash from operations was -236% of net profit over the last 2 years
explainHigh accruals Profit exceeded operating cash by 37% of total assets in 2026
lookRegulator order or action Regulator order or action 2026-03-12: Le Merite Exports Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹90 Cr -18.7% vs Jun 2025. Net loss ₹5 Cr.
Against our estimate for Jun 2026: sales +18.9%, profit -281.2%. Our estimate for Sep 2026: sales Rs 69 Cr, profit Rs 1 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-05-29Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
DateTypeWhat it says
2026-10-02Shareholder meetingVoting results.
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
2026-09-08Shareholder meetingNotice of Annual General Meeting to be held on September 30, 2026
2026-09-08Director changeChange in Director(s) of the company.
2026-09-08Board meeting outcomeOutcome of Board Meeting held on September 08, 2026.
2026-08-31AgreementsAgreements
2026-08-14Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-08-14Press ReleaseA press release dated August 14, 2026, titled "Press Release".
2026-08-14ResignationResignation of Mr Rohit Agarwal as Non- Executive Independent Director of the company w.e.f. August 14, 2026.
2026-08-14AppointmentAppointment of Ms Kusum Naruka as Non- Executive Independent Director of the company w.e.f. August 14, 2026.
2026-08-14Board meeting outcomeLe Merite Exports Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-11AcquisitionCancellation of Proposed Acquisition
2026-07-13Reply to Clarification- FinaThe Exchange had sought clarification from Le Merite Exports Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (List...
2026-07-08General UpdatesIncorporation of an Associate Company
2026-06-27Clarification - Financial ReThe Exchange has sought clarification from Le Merite Exports Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (List...
2026-06-23Board meeting outcomeOutcome of Board Meeting held on Jun 23, 2026.
2026-06-01UpdatesIntimation of credit confirmation of equity shares from Depositories with regard to Sub-division / Split of equity shares of the Company.
2026-05-28Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-05-28Board meeting outcomeLe Merite Exports Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-25General UpdatesClarification for significant movement in the price of shares of the Company.
2026-05-25Price movementClarification by Le Merite Exports Limited Significant price movement has been observed in Le Merite Exports Limited. The Exchange, in order to ensure...
2026-05-13Record DateRecord date for the purpose of Split/Subdivision is 29-May-2026.
2026-05-13Shareholder meetingVoting results.
2026-05-06Disclosure under SEBI TakeovUmashankar Lath has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial A...
2026-04-30UpdatesNon-Applicability of Disclosure of Large Entity/Large Corporate for the Financial Year ended March 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 200perc in previous 365 DaysHigh low price variation greater than 300perc in previous 365 DaysScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Le Merite Exports Ltd?

Le Merite Exports Ltd (LEMERITE) has a market capitalisation of Rs 250 Cr. at the 2026-10-01 close.

What is the P/E ratio of Le Merite Exports Ltd?

Le Merite Exports Ltd trades at a P/E of 89.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Le Merite Exports Ltd's latest quarterly results?

In the Jun 2026 quarter, Le Merite Exports Ltd sales was Rs 90 Cr (-18.7% vs Jun 2025) with a net loss of Rs 5 Cr.

What is the 52-week high and low of Le Merite Exports Ltd?

The 52-week high is Rs 107.57 and the 52-week low is Rs 17.73.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03