Le Merite Exports Ltd.

•

lemeriteexports.comBSE: -NSE: LEMERITE

Market Cap₹ 264 Cr.

Current Price

High / Low₹ 108 / 20

Stock P/E108.3

Book Value₹ 11

Price to Book6.36

Dividend Yield0.00 %

ROCE8.0 %

ROE5.1 %

Face Value₹ 2

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AI Sector View

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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 delivered good sales growth of 17.2% CAGR over last 5 years
Company converts assets efficiently - asset turnover of 2.2x

CONS

Operating cash flow has been negative in recent years
A large part of profit comes from other income (124.3% of PBT)
Recent results are weak - TTM profit is down 73.6% versus prior year
Receivables are growing faster than sales - a possible quality concern
Promoter holding has decreased over last 2 years: -13.1pp
Company has a low return on capital employed of 7.0%

* 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

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	526	108	95	126	110	98	73	74	90
	495	105	94	121	108	92	71	75	101
Operating Profit	31	3	2	5	3	6	2	-1	-11
OPM %	5.89%	2.88%	1.89%	3.82%	2.67%	6.09%	2.97%	-1.96%	-12.51%
	1	1	1	1	3	2	2	4	6
Interest	4	2	2	3	2	2	1	2	2
Depreciation	0	0	0	0	0	0	0	0	0
Profit before Tax	28	2	0	3	6	6	3	0	-5
Tax %	24.73%	25.46%	11.11%	28.27%	22.33%	22.63%	22.26%	72.73%	16.54%
Net Profit	21	2	0	2	4	4	2	0	-4
	12.33	0.68	0.11	1.00	0.35	1.82	0.88	0.03	-0.34

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	180	217	268	526	364	468	480	335
	176	210	258	495	354	462	472	340
Operating Profit	4	6	10	31	10	6	8	-5
OPM %	2.43%	2.94%	3.89%	5.89%	2.78%	1.37%	1.77%	-1.35%
	1	1	1	1	3	4	9	14
Interest	3	3	2	4	4	7	9	7
Depreciation	0	0	0	1	1	0	1	1
Profit before Tax	2	4	9	28	9	2	7	4
Tax %	29.59%	27.01%	24.11%	24.74%	25.23%	24.46%	25.15%	35.02%
Net Profit	1	3	7	21	6	2	5	2
EPS	6.61	18.42	4.07	12.33	2.78	0.74	2.18	—
Dividend Payout %	0.00%	0.00%	0.00%	8.11%	18.47%	26.94%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 17%
3 Years:: -3%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 11%
3 Years:: -37%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: —
5 Years:: 22%
3 Years:: 5%
Last Year:: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	2	2	2	17	23	23	24
	12	16	23	28	72	73	88
	38	29	48	100	83	88	103
Trade Payables	3	8	12	19	21	12	20
	2	2	7	12	2	1	5
Total Liabilities	57	56	92	177	202	198	240
	2	2	2	3	2	2	11
Capital Work in Progress	0	0	0	0	7	8	0
	1	1	2	2	2	2	4
	3	3	10	13	16	16	11
	0	0	0	0	0	89	116
Cash & Bank	10	5	8	8	42	45	54
	40	45	71	151	132	35	44
Total Assets	57	56	92	177	202	198	240

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-5	-1	-20	-37	21	0	-15
Cash from Investing	0	-0	-0	-2	-7	-2	-3
Cash from Financing	1	-2	25	46	23	4	27
	-4	-5	3	0	34	3	9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	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

Mar 2022

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

526

108

126

110

495

105

121

108

101

Operating Profit

-1

-11

OPM %

5.89%

2.88%

1.89%

3.82%

2.67%

6.09%

2.97%

-1.96%

-12.51%

Interest

Depreciation

Profit before Tax

-5

Tax %

24.73%

25.46%

11.11%

28.27%

22.33%

22.63%

22.26%

72.73%

16.54%

Net Profit

-4

12.33

0.68

0.11

1.00

0.35

1.82

0.88

0.03

-0.34

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

180

217

268

526

364

468

480

335

176

210

258

495

354

462

472

340

Operating Profit

-5

OPM %

2.43%

2.94%

3.89%

5.89%

2.78%

1.37%

1.77%

-1.35%

Interest

Depreciation

Profit before Tax

Tax %

29.59%

27.01%

24.11%

24.74%

25.23%

24.46%

25.15%

35.02%

Net Profit

EPS

6.61

18.42

4.07

12.33

2.78

0.74

2.18

—

Dividend Payout %

0.00%

8.11%

18.47%

26.94%

0.00%

—

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

100

103

Trade Payables

Total Liabilities

177

202

198

240

Capital Work in Progress

116

Cash & Bank

151

132

Total Assets

177

202

198

240

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-5

-1

-20

-37

-15

Cash from Investing

-0

-2

-7

-2

-3

Cash from Financing

-2

-4

-5

Mar 2019

Mar 2020

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