As of 6 Nov 2026, Merritronix trades at 44.0× trailing earnings, below the industry P/E of 63.0×, and the shares are 20% below their 52-week high. Sales grew 43% a year over 3 years, with ROCE of 43% and ROE of 46%. Debt is 0.81× equity. It is listed on an SME platform with a market cap of ₹708 Cr, ranked 11th of 20 Electronic Components companies by market cap; the shares rose 36% over the past year.
- ₹408.00
- ₹423.15
- ₹402.50
- ₹422.80
- 79K
Health check
- ReturnsIn line
+36.2% over a year, better than 3 of 7 peers.
- Price tagCheaper
P/E 44.0 vs industry 63.0.
- GrowthStrong
Sales +43.1%, profit +237.3% a year over 3 years.
- ProfitabilityStrong
ROCE 43.0% vs peer median 15.7%.
- Balance sheetFair
Debt 0.81× equity, interest covered 10.7×, Piotroski 5 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹708 Cr
- Small cap
- P/E
- 44.0
- Industry 63.0
- Price to book
- 9.74
- Peers 6.25
- Dividend yield
- 0.00%
- ROE
- 46.0%
- Peers 14.9%
- ROCE
- 43.0%
- Peers 15.7%
- Debt to equity
- 0.81
- Debt ₹43 Cr
- EPS (TTM)
- ₹9.21
- OPM (TTM)
- 19.1%
- Net margin 10.3%
- Sales growth
- n/a
- Year-ago quarter not reported
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 4.54
- EV/EBITDA 19.5
Strengths and risks
Strengths
- Return on equity of 46.0%.
- Return on capital employed of 43.0%.
- P/E of 44.0 against an industry P/E of 63.0.
About Merritronix
Merritronix Limited engages in Electronics Systems Design and Manufacturing (ESDM) activities of electronic assemblies and systems for defence, aerospace, telecommunications and specialized industrial electronics. The company engages in business-to-business electronic manufacturing services, encompassing component sourcing, printed circuit board assembly, system integration, testing, box-build solutions, and delivery of finished electronic products. It…
- Headquarters
- Hyderabad
- Employees
- 57
- Sector
- Technology
- ISIN
- INE1RQS01010
- Website
- merritronix.com
Price range
- Avg volume (3M)
- 1.4 L
- 1-year return
- plus 36.2%
- From 52-week high
- minus 20.0%
Peers · Electronic Components
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SYRMASyrma SGS Technology | 1,459.30 | minus 3.68% | 28,110 | 66.7 | 47.6 | 14.7% | 10.9% | 0.24 | 32.8% | plus 93.2% |
| KAYNESKaynes Technology India | 3,233.00 | minus 1.81% | 21,733 | 63.0 | 37.5 | 12.0% | 15.6% | 0.19 | 47.7% | minus 50.6% |
| PGELPG Electroplast | 546.15 | minus 0.55% | 15,661 | 72.5 | 37.0 | 8.7% | 7.3% | 0.25 | 33.8% | minus 3.4% |
| AVALONAvalon Technologies | 1,893.60 | minus 9.83% | 12,668 | 95.0 | 72.8 | 21.7% | 11.4% | 0.30 | 19.3% | plus 82.6% |
| KRNKRN Heat Exchanger and Refrigeration | 939.80 | minus 4.99% | 6,152 | 51.9 | – | – | 13.0% | 0.16 | – | plus 24.9% |
| CENTUMCentum Electronics | 4,069.20 | minus 0.88% | 6,007 | 374.4 | 41.5 | 37.9% | 10.5% | 0.38 | 2.4% | plus 67.0% |
| MODINSUModern Insulators | 457.10 | minus 2.34% | 2,155 | 22.9 | 20.2 | 16.7% | 14.8% | 0.13 | 18.5% | plus 213.5% |
| MRTXMerritronix | 404.80 | minus 4.26% | 708 | 44.0 | 26.5 | 43.0% | 19.1% | 0.81 | 43.1% | plus 36.2% |
| Median of 7 peers | – | −2.34% | 12,668 | 66.7 | 39.5 | 15.7% | 11.4% | 0.24 | 26.0% | 67.0% |
Quarterly results
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- Sales CAGR 3Y
- +43.1%
- Profit CAGR 3Y
- +237.3%
- ROE
- 46.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 53.2 | 85.7 | 114 | 156 | |
| – | +61.2% | +32.5% | +37.3% | |
| 51.3 | 79.1 | 98.4 | 129 | |
| 1.9 | 6.6 | 15.2 | 27.4 | |
| 3.5% | 7.7% | 13.4% | 17.6% | |
| −0.1 | −0.3 | −0.3 | −1.5 | |
| 0.9 | 1.6 | 2.1 | 2.4 | |
| 0.3 | 0.4 | 0.4 | 0.5 | |
| – | – | 0 | – | |
| 0.6 | 4.3 | 12.4 | 23 | |
| 27.2% | 28.9% | 30.1% | 30.0% | |
| 0.4 | 3.1 | 8.7 | 16.1 | |
| – | +627.8% | +183.9% | +86.0% | |
| 0.24 | 1.74 | 4.95 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.5 | 1.5 | 1.5 | 12.8 | |
| 3.7 | 6.7 | 15.4 | 40.3 | |
| 13.5 | 15.8 | 18.6 | 43.2 | |
| 25.2 | 44.4 | 38.7 | 58.1 | |
| 43.8 | 68.4 | 74.2 | 154 | |
| 6.5 | 8.3 | 3.7 | 5.9 | |
| 2 | 4.3 | – | – | |
| 0.5 | 0.3 | 0.3 | 0 | |
| 1.4 | 3.9 | 2.4 | 25.7 | |
| 33.5 | 51.6 | 67.7 | 123 | |
| 43.8 | 68.4 | 74.2 | 154 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.1 | 4.5 | −6.6 | −23.4 | |
| −4.8 | −2.2 | 4.5 | −2.6 | |
| 3.9 | 0.3 | 0.7 | 41.1 | |
| 0.1 | 2.6 | −1.4 | 15.2 | |
| −4.8 | −2.3 | −0 | −2.7 | |
| −3.8 | 2.3 | −6.7 | −26 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.