Le Merite Exports Ltd

LEMERITE

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Market Cap

₹ 1,282 Cr

P/E

221.71

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Investment Checklist

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Performance

MARKET LEADER

Valuation

OVERVALUED

Growth

SLUGGISH

Profitability

MODERATE MARGIN

Technicals

Bullish

Risk

LOW RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Le Merite Exports Limited is a major player in the textile industry, specializing in cotton yarn and greige fabric manufacturing for both domestic and export markets.

The company is undergoing significant transformation by entering the defence textiles sector, leveraging advanced DRDO technologies for antimicrobial and anti-bed bug products.

A new manufacturing unit is focused on enhancing revenue from innovative defence textiles, aiming for INR 100 crores by FY26.

Le Merite's strategic initiatives include capitalizing on high-growth sectors such as technical textiles, positioning itself for stronger performance amidst diversifying opportunities.

The company maintains a global export presence, shipping to over 37 countries, demonstrating its extensive reach and reputation as a trusted textile provider.

Sector

Textiles

Industry

Trading - Medium / Small

Market Cap

1,282 Cr

Volatility

Low Risk

P/E Ratio

221.7

Industry P/E

35.9

PEG Ratio

0.8

P/B Ratio

10.4

52W High

537.85

52W Low

258.75

Sales CAGR

12.13%

-2.99%

17.25%

10Y

—

Profit CAGR

292.00%

-36.86%

11.00%

10Y

—

ROE

TTM

9.07%

4.37%

10.99%

10Y

—

ROCE

TTM

11.24%

11.86%

20.37%

10Y

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Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
DLINKINDIA	433.65	1,536 Cr	14.82	3.25	4.62	21.95	29.09	13.48
KDL	141.50	1,433 Cr	288.78	7.46	0.00	2.59	2.44	0.97
LEMERITE	512.15	1,282 Cr	221.71	10.41	0.00	9.07	11.24	0.00
EUROASIA	926.95	1,272 Cr	506.53	83.81	0.00	16.51	19.33	9.87
TEMBO	747.80	1,157 Cr	16.51	4.72	0.13	27.92	24.46	10.49
CNL	752.50	1,149 Cr	19.18	3.56	0.07	18.56	18.55	7.60
PQIF	33.33	1,113 Cr	414.38	6.59	0.00	1.44	2.61	1.22

Financial Statements

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Consolidated Half Yearly Results (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025
Sales	145	313	181	196	240	229	297	218	213
Expenses	143	298	177	194	236	226	293	214	199
Interest	0.92	2.03	1.64	2.49	3.48	3.88	4.42	4.60	3.90
Operating Profit	1.96	15	4.53	1.43	3.76	2.65	4.24	3.49	13
OPM %	1.35	4.73	2.50	0.73	1.57	1.16	1.43	1.60	6.24
Other Income	4.21	0.56	1.71	1.51	2.02	1.71	4.86	6.26	2.26
Depreciation	0.06	0.26	0.29	0.32	0.23	0.24	0.45	0.73	0.69
Profit Before Tax	5.19	13	4.30	0.14	2.07	0.24	4.23	4.42	11
Tax %	31.41	24.43	46.98	85.71	23.67	29.17	25.06	16.29	22.39
Net Profit	3.55	9.88	2.28	0.02	1.58	0.17	3.17	3.69	8.49
EPS in Rs	—	—	—	—	—	—	—	—	—

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	268	526	377	468	525
Expenses	258	495	371	462	517
Operating Profit	10	31	5.96	6.41	7.73
OPM %	3.89	5.89	1.58	1.37	1.47
Other Income	0.55	1.07	3.22	3.73	11
Interest	1.65	3.58	4.13	7.36	9.02
Depreciation	0.16	0.50	0.61	0.47	1.18
Profit Before Tax	9.17	28	4.44	2.31	8.65
Tax %	24.11	24.74	48.26	24.44	20.60
Net Profit	6.96	21	2.30	1.75	6.86
EPS in Rs	—	—	—	—	—
Dividend Payout %	0.00	8.11	26.74	27.03	0.00

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	1.71	17	23	23	24
Reserves	23	28	70	71	90
Borrowings	54	100	86	92	103
Other Liabilities	14	31	22	12	21
Total Liabilities	92	177	202	198	238
Fixed Assets	1.62	2.96	2.50	2.10	11
CWIP	0.00	0.00	6.97	8.32	0.00
Investments	1.70	1.78	1.97	2.21	3.55
Other Assets	89	172	191	186	223
Total Assets	92	177	202	198	238

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-22	-44	11	0.17	-12
Cash from Investing Activity	-0.14	-1.94	-7.32	-1.66	-3.47
Cash from Financing Activity	25	46	30	4.45	25
Net Cash Flow	2.53	0.29	34	2.96	8.82

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Apr 2022	May 2022	Jun 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Oct 2025	Dec 2025
Promoters	99.99%	0.00%	72.74%	72.74%	72.74%	72.74%	72.96%	73.06%	62.59%	61.53%	59.87%	59.85%
FIIs	0.00%	1.75%	0.18%	0.58%	0.58%	0.40%	0.40%	0.20%	0.52%	0.34%	0.12%	0.16%
DIIs	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.23%
Public	0.00%	98.25%	27.08%	26.68%	26.68%	26.86%	26.64%	26.74%	36.89%	38.13%	40.01%	39.76%
Total Shareholders	8	2,421	1,646	1,657	1,651	1,700	1,484	1,027	1,264	1,465	1,509	1,481

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Jan 07, 2025	Ashadevi lath	Bulk	Sell	274.99	3.59 Cr	1,30,400	0.53
Dec 10, 2024	Umashankar lath	Bulk	Sell	255.24	3.29 Cr	1,28,800	0.53
Dec 04, 2024	Umashankar lath	Bulk	Sell	229.89	4.62 Cr	2,00,800	0.82
Nov 29, 2024	Umashankar lath	Bulk	Sell	227.10	2.87 Cr	1,26,400	0.52
Nov 26, 2024	Umashankar lath	Bulk	Sell	226.07	2.73 Cr	1,20,800	0.49
Nov 25, 2024	Sweta abhishek lath	Bulk	Sell	225.79	3.41 Cr	1,51,200	0.62
Nov 22, 2024	Sweta abhishek lath	Bulk	Sell	226.05	3.63 Cr	1,60,800	0.66
Nov 21, 2024	Sweta abhishek lath	Bulk	Sell	226.21	3.08 Cr	1,36,000	0.55

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

Board Meeting Outcome

6 days ago

Le Merite Exports Board Meeting Outcome

The Board of Directors of Le Merite Exports Limited approved the unaudited financial results for the quarter and half year ended September 30, 2025 and reviewed compliance with SEBI regulations.

Financial Results

6 days ago

Le Merite Exports Limited Newspaper Publication

Le Merite Exports Limited published a newspaper advertisement regarding its un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2025.

Listing Approval

6 days ago

Le Merite Exports Limited Migrates to Main Board Listing

Le Merite Exports Limited has received approval for listing its equity shares on the Capital Market Segment of NSE, effective December 12, 2025.

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q4 FY25

Investor Presentation

Q3 FY25

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Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
DLINKINDIA	433.65	1,536 Cr	14.82	3.25	4.62	21.95	29.09	13.48
KDL	141.50	1,433 Cr	288.78	7.46	0.00	2.59	2.44	0.97
LEMERITE	512.15	1,282 Cr	221.71	10.41	0.00	9.07	11.24	0.00
EUROASIA	926.95	1,272 Cr	506.53	83.81	0.00	16.51	19.33	9.87
TEMBO	747.80	1,157 Cr	16.51	4.72	0.13	27.92	24.46	10.49
CNL	752.50	1,149 Cr	19.18	3.56	0.07	18.56	18.55	7.60
PQIF	33.33	1,113 Cr	414.38	6.59	0.00	1.44	2.61	1.22

The company maintains a global export presence, shipping to over 37 countries, demonstrating its extensive reach and reputation as a trusted textile provider.

Sector

Textiles

Industry

Trading - Medium / Small

Market Cap

1,282 Cr

Volatility

Low Risk

P/E Ratio

221.7

Industry P/E

35.9

PEG Ratio

0.8

P/B Ratio

10.4

52W High

537.85

52W Low

258.75

Sales CAGR

12.13%

-2.99%

17.25%

10Y

—

Profit CAGR

292.00%

-36.86%

11.00%

10Y

—

ROE

TTM

9.07%

4.37%

10.99%

10Y

—

ROCE

TTM

11.24%

11.86%

20.37%

10Y

—