Le Merite Exports Ltd.

•

lemeriteexports.comBSE: -NSE: LEMERITE

Market Cap₹ 264 Cr.

Current Price

High / Low₹ 108 / 20

Stock P/E22.8

Book Value₹ 10

Price to Book6.44

Dividend Yield0.00 %

ROCE8.8 %

ROE6.7 %

Face Value₹ 2

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Oil Gas & Consumable Fuels

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Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.

Confidence

78%

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PROS

Company has consistently been profitable over the last 5 years
Company converts assets efficiently - asset turnover of 2.4x

CONS

Recent results are weak - TTM profit is down 1584.7% versus prior year
Operating cash flow has been negative in recent years
A large part of profit comes from other income (128.5% of PBT)
Promoter holding has decreased over last 2 years: -13.1pp
Company has a low return on equity of 4.0% over last 3 years
Company has a low return on capital employed of 6.4%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Oil Gas & Consumable FuelsTradingTrading

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ADANIENT	3057.10	55.59	413846.54	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	AEGISLOG	1353.10	37.96	47493.81	0.64	544.84	210.70	2356.86	37.07	19.76	30.28
3.	CPPLUS	3830.15	94.94	45310.84	0.04	142.20	332.51	1402.42	89.51	29.48	14.52
4.	PREMIERENE	974.55	26.57	44239.84	0.10	471.92	53.32	2462.59	35.25	33.72	29.03
5.	REDINGTON	393.65	18.09	30774.55	1.52	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	470.95	61.70	15354.11	0.64	90.45	118.87	755.95	27.00	20.87	14.58
7.	LLOYDSENT	69.79	94.88	10653.81	0.21	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	751.25	76.16	9468.39	0.00	455.80	1310.71	13085.70	1044.08	10.43	4.49
9.	MMTC	61.96	20.78	9294.00	0.00	104.24	135.52	0.68	-50.00	33.46	-1423.53
10.	ENTERO	1819.35	63.14	7918.37	0.00	52.05	72.17	1940.50	38.23	10.93	5.00
11.	EBGNG	683.00	54.67	7786.99	0.00	28.93	56.21	412.46	32.08	20.58	11.97
12.	LEMERITE	21.11	22.78	264.23	0.00	-45.75	-2045.15	897.54	611.78	8.77	-10.67

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026	Jun 2026
	96	126	110	73	75	90
	94	121	108	71	75	101
Operating Profit	2	5	3	2	-0	-11
OPM %	1.88%	3.66%	2.67%	2.76%	-0.11%	-12.67%
	1	2	3	2	3	6
Interest	2	3	2	1	2	2
Depreciation	0	0	0	0	0	0
Profit before Tax	0	3	6	3	1	-5
Tax %	11.11%	28.27%	22.34%	23.51%	20.18%	15.57%
Net Profit	0	0	4	2	1	-5
	0.10	1.00	0.35	0.82	0.35	-0.36

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	268	526	377	468	515	349
	258	495	371	462	507	355
Operating Profit	10	31	6	6	8	-6
OPM %	3.89%	5.89%	1.58%	1.37%	1.50%	-1.86%
	1	1	3	4	11	14
Interest	2	4	4	7	9	7
Depreciation	0	1	1	0	1	1
Profit before Tax	9	28	4	2	9	4
Tax %	24.11%	24.74%	48.26%	24.44%	20.60%	31.99%
Net Profit	7	21	2	2	7	3
EPS	4.07	12.33	1.87	0.74	2.51	—
Dividend Payout %	0.00%	8.11%	27.38%	26.91%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: -1%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: -34%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 28%
1 Year:: -71%

RETURN ON EQUITY

10 Years:: —
5 Years:: 20%
3 Years:: 4%
Last Year:: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	2	17	23	23	24
Minority Interest	0	0	-2	-2	-1
	23	28	70	71	87
	48	100	86	92	103
Trade Payables	12	19	22	13	20
	7	12	2	1	5
Total Liabilities	92	177	202	198	238
	2	3	3	2	11
Capital Work in Progress	0	0	7	8	0
	2	2	2	2	4
	10	13	18	18	11
	0	0	0	89	116
Cash & Bank	8	8	42	45	54
	71	151	130	34	42
Total Assets	92	177	202	198	238

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-20	-37	13	0	-12
Cash from Investing	-0	-2	-7	-2	-3
Cash from Financing	25	46	30	4	25
	3	0	34	3	9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.74	72.74	72.96	73.06	62.22	61.53	59.65	59.65	59.65
	0.58	0.40	0.40	0.20	0.52	0.34	0.14	0.21	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.16	0.16	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	26.68	26.86	26.64	26.74	37.26	38.13	40.04	39.97	40.34

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Copy of Newspaper Publication

2026-09-09 - Le Merite Exports Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-08

Shareholders meeting

2026-09-08 - Le Merite Exports Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 30, 2026

2026-09-08

Change in Director(s)

2026-09-08 - Le Merite Exports Limited has informed the Exchange regarding Change in Director(s) of the company.

2026-09-08

Outcome of Board Meeting

2026-09-08 - Le Merite Exports Limited has informed the Exchange regarding Outcome of Board Meeting held on September 08, 2026.

2026-08-31

Agreements

2026-08-31 - Le Merite Exports Limited has informed the Exchange about Agreements

2026-08-15

Copy of Newspaper Publication

2026-08-15 - Le Merite Exports Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-14

Statement of deviation(s) or variation(s) under Reg. 32

2026-08-14 - Le Merite Exports Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

2026-08-14

Press Release

2026-08-14 - Le Merite Exports Limited has informed the Exchange regarding a press release dated August 14, 2026, titled "Press Release".

2026-08-14

Resignation

2026-08-14 - Le Merite Exports Limited has informed the Exchange regarding Resignation of Mr Rohit Agarwal as Non- Executive Independent Director of the company w.e.f. August 14, 2026.

News

Recent coverage and analyst commentary for LEMERITE

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Le Merite Exports Ltd.

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Name

ADANIENT

3057.10

55.59

413846.54

0.04

-1461.54

-249.67

32923.98

49.92

13.30

15.57

AEGISLOG

1353.10

37.96

47493.81

0.64

544.84

210.70

2356.86

37.07

19.76

30.28

CPPLUS

3830.15

94.94

45310.84

0.04

142.20

332.51

1402.42

89.51

29.48

14.52

PREMIERENE

974.55

26.57

44239.84

0.10

471.92

53.32

2462.59

35.25

33.72

29.03

REDINGTON

393.65

18.09

30774.55

1.52

453.49

94.65

34922.47

34.57

18.96

2.03

HONASA

470.95

61.70

15354.11

0.64

90.45

118.87

755.95

27.00

20.87

14.58

LLOYDSENT

69.79

94.88

10653.81

0.21

109.98

-55.77

563.03

70.15

12.84

18.07

SGMART

751.25

76.16

9468.39

0.00

455.80

1310.71

13085.70

1044.08

10.43

4.49

MMTC

61.96

20.78

9294.00

0.00

104.24

135.52

0.68

-50.00

33.46

-1423.53

ENTERO

1819.35

63.14

7918.37

0.00

52.05

72.17

1940.50

38.23

10.93

5.00

EBGNG

683.00

54.67

7786.99

0.00

28.93

56.21

412.46

32.08

20.58

11.97

LEMERITE

21.11

22.78

264.23

0.00

-45.75

-2045.15

897.54

611.78

8.77

-10.67

Dec 2024

Mar 2025

Jun 2025

Dec 2025

Mar 2026

Jun 2026

126

110

121

108

101

Operating Profit

-0

-11

OPM %

1.88%

3.66%

2.67%

2.76%

-0.11%

-12.67%

Interest

Depreciation

Profit before Tax

-5

Tax %

11.11%

28.27%

22.34%

23.51%

20.18%

15.57%

Net Profit

-5

0.10

1.00

0.35

0.82

0.35

-0.36

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

268

526

377

468

515

349

258

495

371

462

507

355

Operating Profit

-6

OPM %

3.89%

5.89%

1.58%

1.37%

1.50%

-1.86%

Interest

Depreciation

Profit before Tax

Tax %

24.11%

24.74%

48.26%

24.44%

20.60%

31.99%

Net Profit

EPS

4.07

12.33

1.87

0.74

2.51

—

Dividend Payout %

0.00%

8.11%

27.38%

26.91%

0.00%

—

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Minority Interest

-2

-1

100

103

Trade Payables

Total Liabilities

177

202

198

238

Capital Work in Progress

116

Cash & Bank

151

130

Total Assets

177

202

198

238

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-20

-37

-12

Cash from Investing

-0

-2

-7

-2

-3

Cash from Financing

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2023

Sep 2023

Mar 2024

Sep 2024

Mar 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

72.74

72.96

73.06

62.22

61.53

59.65

0.58

0.40

0.20

0.52

0.34

0.14

0.21

0.00

0.16

0.00

Government

0.00

26.68

26.86

26.64

26.74

37.26

38.13

40.04

39.97

40.34

Le Merite Exports Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Le Merite Exports Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI