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 Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Le Merite Exports Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9.8% | 13.8% | 17.2% | 28.2% | 7.8% | 5.3% | - |
| Value Creation Index ⓘ | -0.3 | 0.0 | 0.2 | 1.0 | -0.4 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 180 | 217 | 268 | 526 | 364 | 468 | 468 |
| Sales YoY Gr. | - | 20.4% | 23.9% | 96% | -30.8% | 28.6% | - |
| Adj EPS ⓘ | 0.7 | 2 | 4 | 12.2 | 2.7 | 0.7 | 0.7 |
| YoY Gr. | - | 182.6% | 106.7% | 202.7% | -77.9% | -75.6% | - |
| BVPS (₹) ⓘ | 0 | 0 | 14.3 | 26.6 | 40.8 | 40.9 | 40.9 |
| Adj Net Profit ⓘ | 1.2 | 3.3 | 6.9 | 20.8 | 6.3 | 1.6 | 2 |
| Cash Flow from Ops. ⓘ | -5 | -2.5 | -22.1 | -44 | 18.4 | 0.1 | - |
| Debt/CF from Ops. ⓘ | -7.6 | -11.9 | -2.4 | -2.3 | 4.5 | 752 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 21.1% | 20.4% | 28.6% | ||||
| Adj EPS ⓘ | NA | -0.9% | -45.3% | -75.6% | ||||
| BVPSⓘ | NA | NA | 42% | 0.3% | ||||
| Share Price | - | - | - | 386.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.4 | 21.2 | 33 | 59.6 | 9 | 1.6 | 1.8 |
| Op. Profit Mgn % ⓘ | 2.5 | 3.1 | 3.9 | 5.9 | 2.8 | 1.4 | NAN |
| Net Profit Mgn % ⓘ | 0.7 | 1.5 | 2.6 | 4 | 1.7 | 0.3 | 0.4 |
| Debt to Equity ⓘ | 2.7 | 1.7 | 2.2 | 2.2 | 0.9 | 0.9 | - |
| Working Cap Days ⓘ | 0 | 77 | 87 | 85 | 156 | 112 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 55 | 60 | 61 | 104 | 70 | 0 |
Sales growth is growing at healthy rate in last 3 years 20.38%
Debt to equity has declined versus last 3 years average to 0.92
Return on Equity has declined versus last 3 years average to 1.80%
Net Profit has been subdued in last 3 years -45.29%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.7 | 0.7 |
| TTM Sales (₹ Cr.) | 468 | 468 |
| BVPS (₹.) ⓘ | 40.9 | 40 |
| Reserves (₹ Cr.) ⓘ | 73 | 71 |
| P/BV ⓘ | 5.61 | 5.74 |
| PE ⓘ | 309.44 | 309.09 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 539 |
| Equity (₹ Cr.) | 23.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 26.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 180 | 217 | 268 | 526 | 364 | 468 |
| Operating Expenses ⓘ | 176 | 210 | 258 | 495 | 354 | 462 |
| Manufacturing Costs | 1 | 0 | 2 | 9 | 6 | 8 |
| Material Costs | 166 | 197 | 236 | 437 | 326 | 434 |
| Employee Cost | 1 | 1 | 1 | 4 | 2 | 2 |
| Other Costs ⓘ | 8 | 12 | 18 | 44 | 20 | 18 |
| Operating Profit ⓘ | 4 | 6 | 10 | 31 | 10 | 6 |
| Operating Profit Margin (%) | 2.4% | 2.9% | 3.9% | 5.9% | 2.8% | 1.4% |
| Other Income ⓘ | 1 | 1 | 1 | 1 | 3 | 4 |
| Interest ⓘ | 3 | 3 | 2 | 4 | 4 | 7 |
| Depreciation ⓘ | 0 | 0 | 0 | 1 | 1 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 4 | 9 | 28 | 9 | 2 |
| Tax ⓘ | 0 | 1 | 2 | 7 | 2 | 1 |
| Profit After Tax | 1 | 3 | 7 | 21 | 6 | 2 |
| PAT Margin (%) | 0.6% | 1.5% | 2.6% | 4.0% | 1.7% | 0.4% |
| Adjusted EPS (₹) | 0.7 | 1.8 | 4.1 | 12.3 | 2.7 | 0.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 8% | 18% | 27% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 14 | 17 | 24 | 45 | 96 | 96 | ||||
| Share Capital ⓘ | 2 | 2 | 2 | 17 | 23 | 23 | ||||
| Reserves ⓘ | 12 | 16 | 23 | 28 | 72 | 73 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 38 | 29 | 48 | 100 | 82 | 88 | ||||
| Long Term Debt | 1 | 1 | 1 | 2 | 1 | 2 | ||||
| Short Term Debt | 36 | 28 | 47 | 98 | 81 | 87 | ||||
| Trade Payables | 3 | 8 | 12 | 19 | 21 | 12 | ||||
| Others Liabilities ⓘ | 2 | 2 | 7 | 12 | 3 | 1 | ||||
| Total Liabilities ⓘ | 57 | 56 | 92 | 177 | 202 | 198 | ||||
Fixed Assets | ||||||||||
| Gross Block | 4 | 4 | 4 | 6 | 6 | 6 | ||||
| Accumulated Depreciation | 2 | 2 | 2 | 3 | 3 | 4 | ||||
| Net Fixed Assetsⓘ | 2 | 2 | 2 | 3 | 2 | 2 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 7 | 8 | ||||
| Investmentsⓘ | 1 | 1 | 2 | 2 | 2 | 2 | ||||
| Inventories | 3 | 3 | 10 | 13 | 16 | 16 | ||||
| Trade Receivables | 34 | 38 | 59 | 127 | 92 | 89 | ||||
| Cash Equivalents | 10 | 5 | 8 | 8 | 42 | 45 | ||||
| Others Assetsⓘ | 6 | 7 | 12 | 24 | 40 | 35 | ||||
| Total Assets ⓘ | 57 | 56 | 92 | 177 | 202 | 198 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -5 | -2 | -22 | -44 | 18 | 0 |
| PBT ⓘ | 2 | 4 | 9 | 28 | 9 | 2 |
| Adjustment ⓘ | 0 | 0 | 0 | 1 | 0 | 0 |
| Changes in Working Capital ⓘ | -6 | -6 | -29 | -66 | 12 | -2 |
| Tax Paid ⓘ | 0 | -1 | -2 | -7 | -2 | -1 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 0 | -2 | -7 | -2 |
| Capex | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | -2 | -7 | -1 |
| Cash Flow From Financing Activityⓘ | 1 | -2 | 25 | 46 | 23 | 4 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 48 | 0 |
| Net Proceeds from Borrowing ⓘ | 1 | -1 | 1 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | -2 | -1 |
| Others ⓘ | 0 | -1 | 24 | 46 | -23 | 5 |
| Net Cash Flow ⓘ | -4 | -5 | 3 | 0 | 34 | 3 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.98 | 20.02 | 33.36 | 60.24 | 9 | 1.82 | ||||
| ROCE (%) | 9.81 | 13.81 | 17.24 | 28.21 | 7.8 | 5.32 | ||||
| Asset Turnover Ratio | 3.18 | 3.84 | 3.62 | 3.91 | 1.92 | 2.34 | ||||
| PAT to CFO Conversion(x) | -5 | -0.67 | -3.14 | -2.1 | 3 | 0 | Working Capital Days | |||
| Receivable Days | 69 | 60 | 65 | 64 | 110 | 71 | ||||
| Inventory Days | 7 | 5 | 9 | 8 | 14 | 12 | ||||
| Payable Days | 7 | 11 | 15 | 13 | 22 | 14 | ||||
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:
Key Awards, Achievements and Accolades
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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