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Le Merite Exports

LEMERITE
Micro Cap
(%) 1D
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1D1W1M3M6M1YMAX

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Le Merite Exports Share price and Fundamental Analysis

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The Company was originally incorporated as a Private Limited Company in name and style of 'Didwaniya Yarn Exports Private Limited' on December 24, 2003 under the Companies Act, 1956 issued by the Registrar of Companies, Maharashtra, Mumbai. Further, name of the Company was changed to 'Le Merite Exports Private Limited' and a Special Resolution was passed by the Shareholders of the Company at the Extra-Ordinary General Meeting held on August 07, 2004. The Assistant Registrar of Companies, Maharashtra, Mumbai issued a fresh Certificate of Incorporation dated September 02, 2004, upon change of the name. Further, Company got converted into a Public Limited Company pursuant to the Special Resolution passed by the Shareholders at the Extra-Ordinary General Meeting of the Company held on June 02, 2015 and consequent upon such conversion, name of the Company was changed to 'Le Merite Exports Limited' vide a fresh Certificate of Incorporation dated July 08, 2015. Abhishek Lath & Umashankar Lath are the Present Promoters of the Company.
Company Incorporation2003
ChairmanUmashankar Lath
Head QuartersNA
Previous NameNA

Key Metrics

Market Cap (Cr)
678.01
PE Ratio
111.06
Industry P/E
44.45
PEG Ratio
-2.03
ROE
5.36%
ROCE
8.15%
ROA
2.88%
Total Debt (Cr)
102.93
Debt to Equity
0.9
Dividend Yield
0%
EPS
2.6
Book Value & P/B
48.13 x 6.0
Face Value
10
Outstanding Shares(Cr)
2.35
Current Ratio
10.12
EV to Sales
1.41

Stock Returns

1 Week-8.25%
1 Month-7.89%
6 Months+3.68%
1 Year+106.03%
3 Years+327.78%
5 Years+266.67%
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Mar 25

Promoters : 62.59%

FIIs : 0.52%

DIIs : 0.00%

Public : 36.89%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 0.0% of holding in March 2025 Qtr
FII Shareholding Increased by 0.32% to 0.52% in March 2025 Qtr
Promoter Shareholding Decreased by 10.47% to 62.59% in March 2025 Qtr

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Le Merite Exports Management and History

Company Management

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Company History

The Company was originally incorporated as a Private Limited Company in name and style of 'Didwaniya Yarn Exports Private Limited' on December 24, 2003 under the Companies Act, 1956 issued by the Registrar of Companies, Maharashtra, Mumbai. Further, name of the Company was changed to 'Le Merite Exports Private Limited' and a Special Resolution was passed by the Shareholders of the Company at the Extra-Ordinary General Meeting held on August 07, 2004. The Assistant Registrar of Companies, Maharashtra, Mumbai issued a fresh Certificate of Incorporation dated September 02, 2004, upon change of the name. Further, Company got converted into a Public Limited Company pursuant to the Special Resolution passed by the Shareholders at the Extra-Ordinary General Meeting of the Company held on June 02, 2015 and consequent upon such conversion, name of the Company was changed to 'Le Merite Exports Limited' vide a fresh Certificate of Incorporation dated July 08, 2015. Abhishek Lath & Umashankar Lath are the Present Promoters of the Company.

Le Merite Exports is Limited an ISO 9001:2015 certified company is vertically integrated into manufacturing and trading of textile products namely cotton yarn, greige fabric and finished fabric for domestic and export sales. The Company deal in diversified product portfolio to supply compact cotton yarn, combed carded & double yarn that are used in various forms for ultimate customers. 'Le Merite' is a well-renowned & popular brand name in several yarn importing countries. The Company is a recognized 3 Star Export House and exports more than 20,000 tons of yarn annually.

Presently, the Company is exporting to almost 37 countries. The Company has long standing customer relationship, exclusive tie-ups & agents in top importing countries of cotton yarn & fabrics like Bangladesh, China, Turkey, Portugal, Egypt, South Korea, Iran, Italy, Vietnam, Thailand, Peru, UAE and the USA. Apart from this, the Company exports sustainable eco-friendly organic yarn and fabric to international textile and garment manufacturers.

The Company has incorporated two subsidiary companies for diversification into non cotton yarn products. The Company's manufacturing plant Unit I located in Nagpur is engaged in processing of cotton yarn doubling. The Company has undertaken Operation and Management of Unit 1 with Sainath Textiles Private Limited for a period of 4 years. As per the arrangement, the Company has exclusive rights to sell the product manufactured at Unit 1. Unit II is located in the cotton growing belt of Maharashtra and is engaged in manufacturing of Cotton Yarn with an installed capacity of 3040 MTPA.

The Company is presently operating Unit 3 located at MIDC (Plot No. B1), Jalgaon Arvi, Dist Amravati, in Maharashtra. Unit 3 comprises of factory building, Godowns and other ancillary construction. Unit 3 is well equipped with Raw Material like Cotton Bales, Process - Blowroom, Carding, Draw frame, Speed frame, Ring frame, Link coner, YCP Finished Goods - Yarn and Spinning Plant Machineries. Unit 3 is engaged in manufacturing of Cotton Yarn with an installed capacity of 6000 MTPA.

The Company is certified by some of the most reputed global certification agencies for quality, environment consciousness, processes and customer services such as ISO 9001:2015, OEKO-TEXr 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.

In March 2006, the entire Share Capital of Company got transferred by Didwaniya family to the Lath family and the control of Company was handed over to Lath Family, the New Promoters of the Company, Mr. Abhishek Lath & Ms. Umashankar Lath, pursuant to Share Transfer Deed.

In 2013-14, the Company was awarded Gold Plaque the highest Exports of Cotton Yarn from TEXPROCIL. The Company bagged Certificate & Award for Third Best Export Performance Merchant Exporter by Synthetic & Rayon Textiles Export Promotion Council SRTEPC).

From year 2014-17, the Company received Certificate & Award for Third Best Export Performance Merchant Exporter by Synthetic & Rayon Textiles Export Promotion Council SRTEPC).

In 2016-17, the Company received First Award for the Best Export Performance by Government of Maharashtra Industries Dept. Directorate of Industries.

In 2017-18, the Company received a Certificate from Federation of Indian Export Organization (FIEO) (Set up by Ministry of Commerce, Govt of India) for outstanding Export Performance in the category of Highest Foreign Exchange Earner - Maharashtra State - MSME. The Company participated in TexTech Bangladesh International Expo.

In 2018-19, the Company received Certificate & Award for Second Best Export Performance Merchant Exporter by Synthetic & Rayon Textiles Export Promotion Council SRTEPC).

In 2021-22, the Company received a Certificate from Oeko Tex for Griege woven fabrics made of 100% cotton exclusively produced from material certified according to Standard 100.

Le Merite Exports Share Price

Le Merite Exports 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.

Le Merite Exports Market Cap

Market capitalization of Le Merite Exports 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 Le Merite Exports is valued compared to its competitors.

Le Merite Exports PE Ratio

Le Merite Exports PE ratio helps investors understand what is the market value of each stock compared to Le Merite Exports '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.

Le Merite Exports PEG Ratio

The PEG ratio of Le Merite Exports 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.

Le Merite Exports ROE (Return on Equity)

Return on Equity (ROE) measures how effectively Le Merite Exports generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

Le Merite Exports ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of Le Merite Exports 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.

Le Merite Exports Total Debt

Total debt of Le Merite Exports 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.

Le Merite Exports Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of Le Merite Exports 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.

Le Merite Exports CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of Le Merite Exports 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.

Le Merite Exports Technical Analysis

Technical analysis of Le Merite Exports helps investors get an insight into when they can enter or exit the stock. Key components of Le Merite Exports Technical Analysis include:

Support Levels (S1, S2, S3)

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.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Le Merite Exports shares often struggle to rise above due to selling pressure.

Le Merite Exports Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Le Merite Exports ’s financial health and profitability.

Le Merite Exports Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

Le Merite Exports Stock Split

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.

Le Merite Exports Financials

The financials of Le Merite Exports 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.

Le Merite Exports Profit and Loss Statements

The profit and loss statement of Le Merite Exports 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 Le Merite Exports .

Le Merite Exports Balance Sheet

The balance sheet presents a snapshot of Le Merite Exports ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

Le Merite Exports Cashflow Statements

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.