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Swing Capital

Le Merite Exports Ltd

NSE: LEMERITE

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

₹462
52W: ₹288 — ₹538
PE 88.8 · Book ₹53.2 · +768% vs book
Market Cap₹1,158 Cr
Stock P/E88.8Price to Earnings
ROCE7.8%Return on Capital
ROE4.74%Return on Equity
Div. Yield0%Face Value ₹10

Weaknesses

  • −Stock is trading at 8.58 times its book value
  • −Promoter holding has decreased over last quarter: -1.88%
  • −Company has a low return on equity of 4.73% over last 3 years.

Shareholding Pattern

Promoters59.65%
FIIs0.22%
DIIs0.16%
Public39.97%
CategoryMar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Dec 2025Mar 2026
Promoters72.74%72.74%72.96%▲0.273.06%▲0.162.22%▼10.861.53%▼0.759.65%▼1.959.65%
FIIs0.58%0.4%▼0.20.4%0.2%▼0.20.52%▲0.30.34%▼0.20.15%▼0.20.22%▲0.1
DIIs0%0%0%0%0%0%0.16%▲0.20.16%
Public26.68%26.86%▲0.226.64%▼0.226.74%▲0.137.26%▲10.538.13%▲0.940.04%▲1.939.97%▼0.1

Financial Statements

MetricDec 2024Sep 2025Dec 2025
Sales95.3498.2173.49
Expenses93.5392.5471.31
Operating Profit1.815.672.18
OPM %1.9%5.77%2.97%
Net Profit0.254.412.2
EPS ₹0.111.810.88

AI Insights

Revenue Trend

Mar 2025 revenue at ₹480Cr, up 2.6% YoY. OPM at 2%.

Debt Position

Borrowings at ₹82Cr. Debt-to-equity ratio: 0.78x. Moderate leverage.

Institutional Flow

DIIs: 0.16% (-0.02pp change). FIIs: 0.22% (+0.22pp change). Promoters hold 59.65%.

Margin & Efficiency

ROCE improving from 0% (Mar 2019) to 8% (Mar 2025). Working capital days: 40.

Valuation

PE 88.8x with 7.8% ROCE. Price is 768% above book value of ₹53.2. Dividend yield: 0%.

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