As of 6 Nov 2026, Le Merite Exports is loss-making on a trailing 12-month basis, with a net loss of ₹0.46 Cr, so it has no P/E ratio. The share price is ₹23.98, 78% below its 52-week high. Sales fell 1.7% a year over 3 years. Debt is 0.92× equity. It is a small-cap company with a market cap of ₹300 Cr, ranked 73rd of 246 Textile Manufacturing companies by market cap; the shares fell 74% over the past year.
- ₹24.14
- ₹24.27
- ₹23.95
- ₹24.15
- 1.9 L
Health check
- ReturnsBehind
−74.1% over a year, better than 0 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales −1.7%, profit +39.3% a year over 3 years, but loss-making now.
- ProfitabilityAverage
ROCE 14.9% vs peer median 10.7%.
- Balance sheetFair
Debt 0.92× equity, interest covered 3.4×, Piotroski 7 of 9.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹300 Cr
- Small cap
- P/E
- 109.0
- Industry 17.0
- Price to book
- 2.80
- Peers 3.81
- Dividend yield
- 0.00%
- ROE
- −0.6%
- Peers 10.1%
- ROCE
- 14.9%
- Peers 10.7%
- Debt to equity
- 0.92
- Debt ₹121 Cr
- EPS (TTM)
- ₹0.22
- Face value ₹2
- OPM (TTM)
- 0.1%
- Net margin −0.1%
- Sales growth
- −18.7%
- Latest quarter vs a year ago
- Profit growth
- −205.0%
- Latest quarter vs a year ago
- Price to sales
- 0.86
- EV/EBITDA 145.4
Strengths and risks
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −0.6%.
- Quarterly profit down 205.0% on a year ago.
- Quarterly sales down 18.7% on a year ago.
- 78% below its 52-week high.
About Le Merite Exports
Le Merite Exports Limited, together with its subsidiaries, engages in the manufacturing, purchase, and sale of textile in India and internationally. It offers cotton, cotton blended, and synthetic yarns; greige and finished fabrics; and weaving job units, such as machinery details. The company was incorporated in 2003 and is headquartered in Mumbai, India.
- Headquarters
- Mumbai
- Employees
- 23
- Sector
- Consumer Cyclical
- ISIN
- INE0G1L01025
- Website
- lemeriteexports.com
Price range
- Avg volume (3M)
- 2.5 L
- 1-year return
- minus 74.1%
- From 52-week high
- minus 77.7%
Peers · Textile Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KPRMILLK.P.R. Mill | 1,164.40 | minus 0.25% | 39,883 | 38.3 | 6.41 | 20.0% | 18.0% | 22.1% | 2.3% | 2.1% | 0.43% | plus 10.5% |
| WELSPUNLIVWelspun Living | 241.30 | minus 4.75% | 22,717 | 52.8 | 4.47 | 5.8% | 8.8% | 28.7% | 5.7% | 0.9% | 0.04% | plus 96.2% |
| VTLVardhman Textiles | 508.80 | minus 4.89% | 14,729 | 14.3 | 1.38 | 8.6% | 7.3% | 13.7% | −0.8% | −2.1% | 0.98% | plus 22.2% |
| ARVINDArvind | 494.75 | minus 0.58% | 12,969 | 28.4 | 3.10 | 15.4% | 11.1% | 10.9% | 3.4% | 0.8% | 0.91% | plus 57.3% |
| TRIDENTTrident | 23.88 | plus 0.08% | 12,168 | 25.4 | 2.53 | 10.7% | 10.1% | 14.9% | 1.8% | −5.1% | 2.09% | minus 16.6% |
| ICILIndo Count Industries | 489.85 | minus 2.25% | 9,702 | 39.8 | 3.81 | 9.5% | 5.5% | 9.7% | 11.6% | −22.9% | 0.31% | plus 78.7% |
| GARFIBRESGarware Technical Fibres | 715.65 | minus 2.13% | 6,988 | 29.8 | 4.97 | 19.3% | 15.3% | 19.2% | 5.6% | 4.9% | 1.26% | minus 3.9% |
| LEMERITELe Merite Exports | 23.98 | minus 0.70% | 300 | 109.0 | 2.80 | 14.9% | 9.4% | 0.1% | −1.7% | 39.3% | 0.00% | minus 74.1% |
| Median of 7 peers | – | −2.13% | 12,969 | 29.8 | 3.81 | 10.7% | 10.1% | 14.9% | 3.4% | 0.8% | 0.91% | 22.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 110 | 102 | 73.5 | 75.3 | 89.8 | |
| 105 | 94.2 | 71.5 | 75.4 | 99.3 | |
| 5.3 | 8 | 2 | −0.1 | −9.6 | |
| 4.8% | 7.8% | 2.8% | −0.1% | −10.7% | |
| 2.6 | −0.3 | 2.4 | 3.1 | 6 | |
| 2 | 1.9 | 1.5 | 1.6 | 1.5 | |
| 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | |
| 5.5 | 5.4 | 2.7 | 1.1 | −5.4 | |
| 22.3% | 22.5% | 23.5% | 20.4% | 15.6% | |
| 4.3 | 4.2 | 2.1 | 0.8 | −4.5 | |
| 0.34 | – | 0.16 | 0.07 | -0.36 |
Profit & loss
- Sales CAGR 3Y
- −1.7%
- Profit CAGR 3Y
- +39.3%
- EPS CAGR 3Y
- +36.1%
- ROE
- −0.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 354 | 445 | 494 | 336 | |
| – | +25.5% | +11.0% | minus 31.8% | |
| 352 | 443 | 486 | 327 | |
| 2.5 | 1.7 | 7.3 | 9.6 | |
| 0.7% | 0.4% | 1.5% | 2.9% | |
| 6.4 | 7.8 | 9.7 | 6.1 | |
| 3.9 | 7 | 8 | 6.1 | |
| 0.6 | 0.5 | 1.2 | 1.3 | |
| 0 | 0.3 | 0.1 | 6.7 | |
| 4.4 | 2.3 | 7.8 | 14.9 | |
| 48.3% | 24.4% | 20.2% | 22.6% | |
| 4.3 | 1.7 | 5.5 | 11.6 | |
| – | minus 59.3% | +212.9% | +112.4% | |
| 0.37 | 0.15 | 0.46 | 0.92 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 23.5 | 23.5 | 24.3 | 25 | |
| 70.2 | 69.1 | 87.4 | 111 | |
| 86.1 | 92.6 | 103 | 92.2 | |
| 22.2 | 11.8 | 20.6 | 30.3 | |
| 202 | 197 | 235 | 259 | |
| 10.5 | 10.4 | 11.4 | 20.5 | |
| 7 | 8.3 | – | 9.2 | |
| – | – | 0.6 | 3.1 | |
| 42.9 | 46.7 | 55.2 | 85.1 | |
| 142 | 131 | 168 | 141 | |
| 202 | 197 | 235 | 259 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.1 | 0.2 | −7.2 | 38.9 | |
| −7.3 | −1.7 | −6.2 | −25.3 | |
| 30 | 4.4 | 15 | −6.6 | |
| 33.8 | 3 | 1.7 | 7 | |
| −7.1 | −1.4 | −2.1 | −11.5 | |
| 4 | −1.2 | −9.3 | 27.4 | |
| −2.3 | −1.2 | −0.5 | – |
Shareholding pattern
- Promoters59.65%
- Public40.35%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 59.65% | 40.35% | 0.00 | |
| 30 Jun 2026 | 59.65% | 40.35% | 0.00 | |
| 31 Mar 2026 | 59.65% | 40.35% | 0.00 | |
| 31 Dec 2025 | 59.65% | 40.35% | minus 0.22 | |
| 16 Oct 2025 | 59.87% | 40.13% | – |
Major shareholders
Filings & events
News
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