---
title: "Le Merite Exports Ltd (LEMERITE) — Share Price, Financials & Analysis"
symbol: "LEMERITE"
company: "Le Merite Exports Ltd"
canonical: "https://tapetide.com/stocks/LEMERITE"
isin: "INE0G1L01025"
nse_symbol: "LEMERITE"
sector: "Textiles"
industry: "Textile Products"
market_cap_cr: 261.6
generated_at: "2026-09-13T19:57:59.902Z"
---

# Le Merite Exports Ltd (LEMERITE)

Canonical page: https://tapetide.com/stocks/LEMERITE

## Company

- **NSE Symbol:** LEMERITE
- **ISIN:** INE0G1L01025
- **Sector:** Textiles
- **Industry:** Textile Products
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2025-12-12
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** lemeriteexports.com

## About

Incorporated in 2003, Le Merite Exports Ltd is in the business of manufacturing, purchase and sale of textiles[1]

## Latest Price

- **Price:** ₹21.11
- **Change:** +0.4 (+1.93%)
- **Open:** ₹21
- **Day High:** ₹21.73
- **Day Low:** ₹20.3
- **Previous Close:** ₹20.71
- **Volume:** 319184
- **As Of:** 2026-09-11T09:59:59+00:00

## Key Fundamentals

Observed at 2026-09-11T04:54:30.443135Z.

- **Market Cap:** ₹261.6 Cr
- **Classification:** Microcap
- **P/E (reported):** 94.1
- **P/E (TTM):** 91.78
- **EPS (TTM):** ₹0.23
- **Book Value:** ₹10.78
- **Price to Book:** 1.92
- **Dividend Yield:** 0.97%
- **ROE:** 6.09%
- **ROCE:** 14.06%
- **Debt to Equity:** 0.67
- **Revenue (yearly):** ₹357.47 Cr
- **Net Income:** ₹11.54 Cr
- **EBITDA:** ₹13.17 Cr
- **52-Week High:** ₹444.5
- **52-Week Low:** ₹19.52
- **RSI (14):** 37.82

## Tapetide Score

- **Score:** 32 / 100
- **Score date:** 2026-09-04
- **Archetype:** Expensive and Under Pressure
- **What it means:** The multiple is demanding and the trend has turned against it, without the financial strength that would justify paying up. What matters is whether the de-rating stops at the multiple or starts showing up in the numbers.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Falling
- **Percentile:** 3.3 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 44.13 | 9% |
| growth | 12.24 | 9% |
| momentum | 1.1 | 12% |
| ownership | 41.88 | 24% |
| quality | 58.47 | 22% |
| valuation | 32.94 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 5.93% over past five years.
- Company has a low return on equity of 5.89% over last 3 years.
- Earnings include an other income of Rs.13.8 Cr.
- Promoter holding has decreased over last 3 years: -13.1%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | — | -210.83% | 44.53% |
| ebitda margin growth | -220% | 1.7% | 66.51% | -41.12% |
| net income growth | -611.11% | 67.25% | 39% | 11% |
| revenue growth | 22.07% | -33.32% | -2% | 6% |
| roce | -242.49% | 41.88% | 58.87% | 28.35% |
| roe | -632.56% | 220.53% | 3.5% | -78.62% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 95.51 | 126.1 | 110.46 | 98.21 | 73.49 | 75.31 | 89.75 |
| Expenses | 93.72 | 121.49 | 105.17 | 92.6 | 71.46 | 75.39 | 99.33 |
| Operating Profit | 1.79 | 4.61 | 5.29 | 5.61 | 2.03 | -0.08 | -9.58 |
| OPM % | 1.87 | 3.66 | 4.79 | 5.71 | 2.76 | -0.11 | -10.67 |
| Other Income | 1.04 | 1.55 | 2.59 | 2.28 | 2.45 | 3.1 | 5.95 |
| Interest | 2.2 | 2.51 | 2.01 | 1.89 | 1.46 | 1.64 | 1.53 |
| Depreciation | 0.36 | 0.36 | 0.34 | 0.36 | 0.34 | 0.29 | 0.26 |
| Profit before tax | 0.27 | 3.29 | 5.53 | 5.64 | 2.68 | 1.09 | -5.42 |
| Tax % | 11.11 | 28.27 | 22.42 | 22.87 | 23.51 | 20.18 | -15.5 |
| Net Profit | 0.25 | 2.35 | 4.3 | 4.35 | 2.05 | 0.87 | -4.57 |
| EPS in Rs | 0.02 | 0.19 | 0.35 | 0.36 | 0.17 | 0.06 | -0.36 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 268 | 525 | 377 | 468 | 525 | 357 | 337 |
| Expenses | 258 | 494 | 371 | 462 | 517 | 344 | 339 |
| Operating Profit | 10 | 31 | 6 | 6 | 8 | 13 | -2 |
| OPM % | 3.9 | 6 | 1.6 | 1.4 | 1.5 | 3.7 | -0.6 |
| Other Income | 1 | 1 | 3 | 4 | 11 | 10 | 14 |
| Interest | 2 | 4 | 4 | 7 | 9 | 7 | 7 |
| Depreciation | 0 | 0 | 1 | 0 | 1 | 1 | 1 |
| Profit before tax | 9 | 28 | 4 | 2 | 9 | 15 | 4 |
| Tax % | 24 | 25 | 48 | 24 | 21 | 23 | — |
| Net Profit | 7 | 21 | 2 | 2 | 7 | 12 | 3 |
| EPS in Rs | 8.19 | 2.47 | 0.37 | 0.15 | 0.5 | 0.93 | 0.23 |
| Dividend Payout % | 0 | 8 | 27 | 27 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2 | 17 | 23 | 23 | 24 | 25 |
| Reserves | 23 | 28 | 70 | 71 | 90 | 110 |
| Borrowings | 54 | 100 | 86 | 92 | 103 | 90 |
| Other Liabilities | 14 | 31 | 22 | 12 | 21 | 33 |
| Total Liabilities | 92 | 177 | 202 | 198 | 238 | 259 |
| Fixed Assets | 2 | 3 | 2 | 3 | 13 | 13 |
| CWIP | 0 | 0 | 7 | 8 | 0 | 9 |
| Investments | 2 | 2 | 2 | 1 | 2 | 29 |
| Other Assets | 89 | 172 | 191 | 186 | 223 | 207 |
| Total Assets | 92 | 177 | 202 | 198 | 238 | 259 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -22 | -44 | 11 | 0 | -12 | 39 |
| Cash from Investing Activity | 0 | -2 | -7 | -2 | -3 | -25 |
| Cash from Financing Activity | 25 | 46 | 30 | 4 | 25 | -7 |
| Net Cash Flow | 3 | 0 | 34 | 3 | 9 | 7 |
| Free Cash Flow | -22 | -46 | 4 | -1 | -14 | 27 |
| CFO/OP | -191 | -119 | 222 | 17 | -136 | 333 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 80 | 88 | 89 | 69 | 81 | 85 |
| Inventory Days | 16 | 10 | 20 | 15 | 8 | 9 |
| Days Payable | 18 | 16 | 24 | 11 | 15 | 14 |
| Cash Conversion Cycle | 77 | 83 | 85 | 74 | 74 | 80 |
| Working Capital Days | 17 | 22 | 35 | 28 | 38 | 58 |
| ROCE % | — | 28 | 5 | 5 | 9 | 10 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 72.74% | 72.74% | 72.74% | 72.74% | 72.96% | 73.06% | 62.22% | 61.53% | 59.65% | 59.65% | 59.65% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.15% | 0.22% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.16% | 0.16% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 20.05% | 21.22% | 22.69% | 23.29% | 23.73% | 24.16% | 33.92% | 34.45% | 35.63% | 34.1% | 35.18% |
| Others | 7.21% | 6.04% | 4.57% | 3.97% | 3.31% | 2.78% | 3.87% | 4.02% | 4.41% | 5.87% | 5.16% |
| No. of Shareholders | 1646 | 1657 | 1651 | 1700 | 1484 | 1027 | 1264 | 1465 | 1481 | 1700 | 4441 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 5 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 20.91 | Buy |
| EMA (10) | 21.11 | Sell |
| SMA (20) | 21.76 | Sell |
| EMA (20) | 21.73 | Sell |
| SMA (50) | 22.14 | Sell |
| EMA (50) | 41.69 | Sell |
| SMA (100) | 119.81 | Sell |
| EMA (100) | 113.61 | Sell |
| SMA (200) | 292.33 | Sell |
| EMA (200) | 208.59 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 34.93 | Neutral |
| MACD (12,26,9) | -1.66 | Buy |
| Stochastic (14,3,3) | 29.28 | Neutral |
| ADX (14) | 49.29 | Buy |
| Williams %R (14) | -68.04 | Neutral |
| ATR (14) | 1.3 | High Volatility |
| ROC (12) | -3.61 | Sell |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 48.15 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/LMEL_09092026163607_Newspaper_Covering.pdf) |
| 2026-09-08 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/LMEL_08092026194936_Annual_Report_and_AGM.pdf) |
| 2026-09-08 | [Change in Director(s)](https://nsearchives.nseindia.com/corporate/LMEL_08092026193227_Outcome_of_BM_Signed.pdf) |
| 2026-08-31 | [Agreements](https://nsearchives.nseindia.com/corporate/LMEL_31082026190611_Sale_of_Unit.pdf) |
| 2026-08-15 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/LMEL_15082026154056_Cover_letter.pdf) |
| 2026-08-14 | [Appointment](https://nsearchives.nseindia.com/corporate/LMEL_14082026141637_BM_Outcome_Signed.pdf) |
| 2026-08-14 | [Resignation](https://nsearchives.nseindia.com/corporate/LMEL_14082026142310_BM_Outcome_Signed.pdf) |
| 2026-08-14 | [Statement of deviation(s) or variation(s) under Reg. 32](https://nsearchives.nseindia.com/corporate/LMEL_14082026160112_Statement_of_Utilization.pdf) |
| 2026-08-14 | [Press Release](https://nsearchives.nseindia.com/corporate/LMEL_14082026142552_BM_Outcome_Signed.pdf) |
| 2026-08-11 | [Acquisition](https://nsearchives.nseindia.com/corporate/LMEL_11082026170238_NSE_Intimation_Signed.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/LMEL_08092026192315_Outcome_of_BM_Signed.pdf) |
| 2026-08-14 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/LMEL_14082026141327_BM_Outcome_Signed.pdf) |
| 2026-06-23 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/LMEL_23062026190000_BM_Outcome_Signed.pdf) |
| 2026-05-28 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/LMEL_28052026190437_BM_Outcome.pdf) |
| 2026-02-13 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/LMEL_13022026195949_BM_Outcome.pdf) |
| 2025-12-10 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/LMEL_10122025134031_Outcome_of_Board_Meeting_09122025.pdf) |
| 2025-12-09 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/LMEL_09122025183714_Outcome_of_Board_Meeting_09122025.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 27 Jun - Exchange has sought clarification from Le Merite Exports Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. … | [Clarification - Financial Results 27 Jun - Exchange has sought clarification from Le Merite Exports Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. …](https://www.nseindia.com/get-quotes/equity?symbol=LEMERITE) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/AR_31937_LEMERITE_2025_2026_A_34467469_08092026195445.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28957_LEMERITE_2024_2025_A_23431326_08092025194006.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26105_LEMERITE_2023_2024_06092024232311.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23838_LEMERITE_2022_2023_08092023141630_09082023150000.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21708_LEMERITE_2021_2022_08092022162758_09082022170001.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/LMEL_06062025190641_Final_Investor_Presentation.pdf) |
| Jan 2025 | [Concall - Jan 2025](https://nsearchives.nseindia.com/corporate/LMEL_31012025190140_InvestorPresentation.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:57:59.902Z.