Le Merite Exports
Le Merite Exports
TextilesKey Fundamentals
MicrocapTextile ProductsTextilesTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
6- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 5.93% over past five years.
- Company has a low return on equity of 5.89% over last 3 years.
- Earnings include an other income of Rs.13.8 Cr.
- Promoter holding has decreased over last 3 years: -13.1%
Growth Rate
Quarterly Results
| Particulars | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 95.51 | 126 | 110 | 98.21 | 73.49 | 75.31 | 89.75 |
| Expenses | 93.72 | 121 | 105 | 92.6 | 71.46 | 75.39 | 99.33 |
| Operating Profit | 1.79 | 4.61 | 5.29 | 5.61 | 2.03 | -0.08 | -9.58 |
| OPM % | 1.87% | 3.66% | 4.79% | 5.71% | 2.76% | -0.11% | -10.67% |
| Other Income | 1.04 | 1.55 | 2.59 | 2.28 | 2.45 | 3.1 | 5.95 |
| Interest | 2.2 | 2.51 | 2.01 | 1.89 | 1.46 | 1.64 | 1.53 |
| Depreciation | 0.36 | 0.36 | 0.34 | 0.36 | 0.34 | 0.29 | 0.26 |
| PBT | 0.27 | 3.29 | 5.53 | 5.64 | 2.68 | 1.09 | -5.42 |
| Tax % | 11.11% | 28.27% | 22.42% | 22.87% | 23.51% | 20.18% | -15.5% |
| Net Profit | 0.25 | 2.35 | 4.3 | 4.35 | 2.05 | 0.87 | -4.57 |
| EPS in Rs | 0.02 | 0.19 | 0.35 | 0.36 | 0.17 | 0.06 | -0.36 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 268 | 525 | 377 | 468 | 525 | 357 | 337 |
| Expenses | 258 | 494 | 371 | 462 | 517 | 344 | 339 |
| Operating Profit | 10 | 31 | 6 | 6 | 8 | 13 | -2 |
| OPM % | 3.9% | 6% | 1.6% | 1.4% | 1.5% | 3.7% | -0.6% |
| Other Income | 1 | 1 | 3 | 4 | 11 | 10 | 14 |
| Interest | 2 | 4 | 4 | 7 | 9 | 7 | 7 |
| Depreciation | 0 | 0 | 1 | 0 | 1 | 1 | 1 |
| PBT | 9 | 28 | 4 | 2 | 9 | 15 | 4 |
| Tax % | 24% | 25% | 48% | 24% | 21% | 23% | — |
| Net Profit | 7 | 21 | 2 | 2 | 7 | 12 | 3 |
| EPS in Rs | 8.19 | 2.47 | 0.37 | 0.15 | 0.5 | 0.93 | 0.23 |
| Div. Payout % | 0% | 8% | 27% | 27% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 17 | 23 | 23 | 24 | 25 |
| Reserves | 23 | 28 | 70 | 71 | 90 | 110 |
| Borrowings | 54 | 100 | 86 | 92 | 103 | 90 |
| Other Liabilities | 14 | 31 | 22 | 12 | 21 | 33 |
| Total Liabilities | 92 | 177 | 202 | 198 | 238 | 259 |
| Fixed Assets | 2 | 3 | 2 | 3 | 13 | 13 |
| CWIP | 0 | 0 | 7 | 8 | 0 | 9 |
| Investments | 2 | 2 | 2 | 1 | 2 | 29 |
| Other Assets | 89 | 172 | 191 | 186 | 223 | 207 |
| Total Assets | 92 | 177 | 202 | 198 | 238 | 259 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | -22 | -44 | 11 | 0 | -12 | 39 |
| Investing | 0 | -2 | -7 | -2 | -3 | -25 |
| Financing | 25 | 46 | 30 | 4 | 25 | -7 |
| Net Cash Flow | 3 | 0 | 34 | 3 | 9 | 7 |
| Free Cash Flow | -22 | -46 | 4 | -1 | -14 | 27 |
| CFO/OP | -191 | -119 | 222 | 17 | -136 | 333 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 80 | 88 | 89 | 69 | 81 | 85 |
| Inventory Days | 16 | 10 | 20 | 15 | 8 | 9 |
| Days Payable | 18 | 16 | 24 | 11 | 15 | 14 |
| Cash Conversion Cycle | 77 | 83 | 85 | 74 | 74 | 80 |
| Working Capital Days | 17 | 22 | 35 | 28 | 38 | 58 |
| ROCE % | — | 28% | 5% | 5% | 9% | 10% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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56 extracted metrics + investor summaries across FY21–FY26.
Documents
Frequently Asked Questions about Le Merite Exports
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Company Information
Incorporated in 2003, Le Merite Exports Ltd is in the business of manufacturing, purchase and sale of textiles[1]
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