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Meera Industries
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Meera Industries Limited was originally incorporated as a private limited company with the name 'Meera Industries Private Limited' on July 05, 2006. Pursuant to Deed of Assignment dated September 25, 2006 for takeover of assets and liabilities of M/s. Meera Industries, the Company acquired the business of M/s. Meera Industries, a proprietorship concern of one of its Promoter Mrs. Bijal D. Desai. Further the status of the Company was changed to public limited and the name of the Company was changed to 'Meera Industries Limited' on March 09, 2017. Further the company came out with Initial Public Offer in the year 2017 and got listed to SME exchange of BSE Ltd on May 15, 2017.
The Company is a growing textile machine manufacturer dealing in twisting, cabling, winding and heat setting machines. The Company designs, develops and sells high-performance machines to various processing and manufacturing units in the textile industry. The huge repository of knowledge and technology base that the Company has developed since inception is a strong base to outperform the competition and be abreast in the market. This supports the Company to constantly upgrade the technologies to meet present and futuristic requirements of the customers. The Company ensures the quality of its products through rigorous testing including testing of sub system before integration and followed by testing of the entire system when assembled. The company provides a combination of designing, manufacturing, testing facilities and after sales support.
The Company has started its own yarn twisting division in Fiscal 2017-18, which includes processing and selling of yarn.
The Company caters to the domestic market having a PAN India customer base for its textile machinery products as well as the yarn twisting division. It has also developed an extensive export market for textile machinery products covering continents like America, South America, Africa, Europe and Asia and include major countries like Germany, Spain, Turkey, Thailand, Belgium, Italy, Kenya, Nigeria, South Africa, Peru, Bolivia and USA to name a few. With a view to expand its market in the western countries, the company incorporated Meera Industries USA LLC as a wholly owned subsidiary. The subsidiary, situated in the State of Northern Carolina began its operations in 2017 and caters to growing base of customers in the USA, Canada and various South American countries like Mexico, Ecuador, Peru, etc.
Meera Industries share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Meera Industries indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Meera Industries is valued compared to its competitors.
Meera Industries PE ratio helps investors understand what is the market value of each stock compared to Meera Industries 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Meera Industries evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Meera Industries generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Meera Industries in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Meera Industries shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Meera Industries compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Meera Industries over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Meera Industries helps investors get an insight into when they can enter or exit the stock. Key components of Meera Industries Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Meera Industries shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Meera Industries ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Meera Industries provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Meera Industries highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Meera Industries .
The balance sheet presents a snapshot of Meera Industries ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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