Le Merite Export

Why is Le Merite Exports Ltd falling/rising?

As of 01-Sep, Le Merite Exports Ltd's stock price is at 21.00, reflecting a 1.13% decrease and a significant year-to-date decline of 77.71%. The stock is underperforming against the sector and trading below its moving averages, indicating a consistent downward trend and reduced investor interest.

As of 01-Sep, Le Merite Exports Ltd's stock price is falling, currently at 21.00, which reflects a decrease of 0.24 or 1.13%. The stock has underperformed against the sector by 1.25% today. Over the past week, the stock has declined by 8.30%, significantly more than the Sensex's drop of 1.15%. Additionally, the stock has shown a substantial year-to-date decline of 77.71%, compared to the Sensex's decrease of only 7.94%. <BR><BR>The stock is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a consistent downward trend. Furthermore, investor participation has decreased, with delivery volume dropping by 29.09% compared to the 5-day average, suggesting reduced interest in the stock. Overall, these factors contribute to the ongoing decline in Le Merite Exports Ltd's stock price.

Which are the latest news on Le Merite Export?

Who are in the management team of Le Merite Export?

The management team of Le Merite Export includes Umashankar Lath (Chairman & Managing Director), Abhishek Lath (Managing Director & CFO), Sweta Lath (Executive Director), and independent directors Jaydeep Purujit Mehta, Narendra Kumar Srivastava, and Rohit Agarwal, along with Sarita Mishra (Company Secretary & Compliance Officer). They oversee the company's operations and strategic direction.

The management team of Le Merite Export includes the following individuals:<BR><BR>1. **Umashankar Lath** - Chairman & Managing Director<BR>2. **Abhishek Lath** - Managing Director & CFO<BR>3. **Sweta Lath** - Executive Director<BR>4. **Jaydeep Purujit Mehta** - Independent Director<BR>5. **Narendra Kumar Srivastava** - Independent Director<BR>6. **Rohit Agarwal** - Independent Director<BR>7. **Sarita Mishra** - Company Secretary & Compliance Officer<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

What does Le Merite Export do?

Le Merite Exports Ltd is a Micro Cap company in the Garments & Apparels industry, reporting net sales of 90 Cr and a net loss of 5 Cr for June 2026. It has a market cap of INR 268 Cr, a P/E ratio of 95.00, and a debt-equity ratio of 0.04.

Overview:<BR>Le Merite Exports Ltd operates in the Garments & Apparels industry and is categorized as a Micro Cap company.<BR><BR>History:<BR>The company was originally incorporated in 2003 under the name "Didwaniya Yarn Exports Private Limited." It changed its name to "Le Merite Exports Private Limited" in 2004. The latest quarterly results reported are for June 2026, showing net sales and profit figures.<BR><BR>Financial Snapshot:<BR>- Net Sales: 90 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: -5 Cr (Quarterly Results - Jun 2026)<BR>- Market Cap: INR 268 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 95.00<BR>- Industry P/E: 28<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: 0.04<BR>- Return on Equity: 8.16%<BR>- Price to Book: 1.95<BR><BR>Contact Details:<BR>No Company Details Available. Registrar Address: Not available.

Who are the peers of the Le Merite Export?

Le Merite Export's peers include Varvee Global, R&B Denims, and Soma Textiles, among others. Le Merite Export has below-average management risk and capital structure, with a significant 1-year return of -70.80%, the lowest among its peers.

Peers: The peers of Le Merite Export are Varvee Global, Vardhman Polytex, R&B Denims, Shree Karni, C P S Shapers, Soma Textiles, Bhilwara Tech, Rudra Ecovation, Logica Infoway, and City Pulse Multi.<BR><BR>Quality Snapshot: Average management risk is observed at Varvee Global, Shree Karni, and Soma Textiles, while Good management risk is found at R&B Denims. Below Average management risk is noted at Le Merite Export, C P S Shapers, Bhilwara Tech, Rudra Ecovation, and City Pulse Multi, and the rest. Growth is Excellent at Logica Infoway, Average at Shree Karni and Soma Textiles, and Below Average at Varvee Global, R&B Denims, Le Merite Export, C P S Shapers, Bhilwara Tech, Rudra Ecovation, and the rest. Capital Structure is Good at R&B Denims, Average at Le Merite Export and Shree Karni, and Below Average at Varvee Global, C P S Shapers, Soma Textiles, Bhilwara Tech, Rudra Ecovation, Logica Infoway, and the rest.<BR><BR>Return Snapshot: R&B Denims has the highest 1-year return at N/A, while Le Merite Export has the lowest at -70.80%. Compared to its peers, Le Merite Export's return is significantly lower. Additionally, the six-month return is negative for Le Merite Export, R&B Denims, Vardhman Polytex, Soma Textiles, and Bhilwara Tech.

How big is Le Merite Export?

As of 31st August, Le Merite Exports Ltd has a market capitalization of 268.00 Cr, with net sales of 336.76 Cr and a net profit of 2.79 Cr over the latest four quarters.

As of 31st August, Le Merite Exports Ltd has a market capitalization of 268.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Le Merite Exports reported net sales of 336.76 Cr and a net profit of 2.79 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with shareholder's funds amounting to 113.84 Cr and total assets of 237.73 Cr.

Should I buy, sell or hold Le Merite Exports Ltd?

Are Le Merite Exports Ltd latest results good or bad?

Le Merite Exports Ltd's latest Q4 FY26 results are concerning, showing a 62.26% decline in net profit and a negative operating margin of -0.11%. The company faces significant operational challenges, indicating that the results are bad and raising doubts about its sustainability.

Le Merite Exports Ltd's latest results for Q4 FY26 indicate a troubling financial situation. The company reported a net profit of ₹0.80 crores, which represents a significant decline of 62.26% compared to the previous quarter. Additionally, revenue fell by 21.15% year-on-year to ₹75.31 crores, despite a slight sequential increase of 2.48%.<BR><BR>More concerning is the company's operating margin, which turned negative at -0.11%, a stark contrast to the positive margin of 2.76% in the prior quarter. This shift indicates that the core operations are not generating profits, and the company is heavily reliant on other income, which accounted for an alarming 1,127.27% of profit before tax.<BR><BR>The overall financial performance suggests that Le Merite Exports is facing severe operational challenges, with a deteriorating business model that raises significant concerns about its sustainability. The stock has also performed poorly, trading at a 52-week low and showing a catastrophic decline of nearly 92% from its peak. Given these factors, the latest results can be characterized as bad, reflecting a critical need for the company to address its operational issues to regain profitability.

How has been the historical performance of Le Merite Export?

Le Merite Export has shown fluctuating financial performance over the past five years, with net sales increasing to 518.41 Cr in March 2025 but declining profitability and negative cash flow of -12.00 Cr in the same period. Total liabilities have also risen significantly, indicating a growing debt burden.

Answer:<BR>The historical performance of Le Merite Export shows a fluctuating trend in key financial metrics over the past five years.<BR><BR>Breakdown:<BR>Le Merite Export's net sales increased from 376.89 Cr in March 2023 to 518.41 Cr in March 2025, reflecting a positive growth trajectory. However, this is a decrease from the peak of 525.90 Cr in March 2022. Total operating income followed a similar pattern, rising to 518.41 Cr in March 2025 from 376.89 Cr in March 2023, but down from 525.90 Cr in March 2022. The company's operating profit (PBDIT) saw a significant drop from 32.06 Cr in March 2022 to 18.85 Cr in March 2025, although it improved from 9.18 Cr in March 2023. Profit before tax also showed a decline from 27.98 Cr in March 2022 to 8.65 Cr in March 2025, while profit after tax decreased from 21.06 Cr in March 2022 to 6.86 Cr in March 2025. The total liabilities increased from 92.08 Cr in March 2021 to 237.73 Cr in March 2025, indicating a growing debt burden. Cash flow from operating activities turned negative in March 2025 at -12.00 Cr, contrasting with a positive cash flow of 11.00 Cr in March 2023. Overall, while there are signs of revenue growth, profitability and cash flow have faced challenges in recent years.

Is Le Merite Export technically bullish or bearish?

As of November 4, 2025, the trend is bullish with strong daily moving averages and a bullish weekly MACD, but caution is warranted due to a bearish monthly RSI and mildly bearish weekly KST, indicating mixed signals overall.

As of 4 November 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish, with a strong emphasis on the daily moving averages indicating bullish momentum. The weekly MACD is also bullish, supporting the overall positive outlook. However, the monthly RSI shows a bearish signal, which introduces some caution. The Bollinger Bands are mildly bullish on both weekly and monthly time frames, suggesting some upward potential. Despite the bullish indicators, the weekly KST is mildly bearish, indicating some underlying weakness. Overall, the strength of the bullish stance is tempered by mixed signals from the RSI and KST.

Is Le Merite Export overvalued or undervalued?

As of August 28, 2025, Le Merite Export is considered overvalued with a PE ratio of 161.84 and a valuation grade of very expensive, despite outperforming the Sensex with a 27.53% year-to-date return, indicating that its current price of 352.10 may not be justified given its low ROCE of 5.26% and ROE of 5.52%.

As of 28 August 2025, the valuation grade for Le Merite Export has moved from fair to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued, with a PE ratio of 161.84, an EV to EBITDA ratio of 106.17, and a Price to Book Value of 8.93. These ratios are substantially higher than those of its peers, such as K P R Mill Ltd, which has a PE ratio of 40.73, and Trident, with a PE ratio of 32.1, highlighting the premium at which Le Merite Export is trading.<BR><BR>In comparison to the broader market, Le Merite Export has outperformed the Sensex with a year-to-date return of 27.53% against the Sensex's 3.62%. However, the elevated valuation ratios suggest that the stock may not be justified at its current price of 352.10, especially when considering its relatively low ROCE of 5.26% and ROE of 5.52%. Overall, the analysis indicates that Le Merite Export is overvalued in the current market environment.

Who are the top shareholders of the Le Merite Export?

The top shareholders of Le Merite Export include Ashadevi Lath, who holds 26.6%, and individual investors with a combined stake of 33.92%. There are also 5 foreign institutional investors with 0.52%, but no mutual funds or pledged promoter holdings.

The top shareholders of Le Merite Export include the promoters, with Ashadevi Lath holding the highest stake at 26.6%. Additionally, individual investors collectively own 33.92% of the company. There are also 5 foreign institutional investors (FIIs) that hold a small portion of 0.52%. Notably, there are no mutual funds currently invested in the company, and there are no pledged promoter holdings.

When is the next results date for Le Merite Export?

No Upcoming Board Meetings

Has Le Merite Export declared dividend?

Le Merite Exports Ltd has declared a 2% dividend, with an ex-date of September 23, 2024. Despite this, the current dividend yield is 0%, though the company has shown strong price returns over the past year and two years.

Le Merite Exports Ltd has declared a 2% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 2%<BR>- Ex-date: 23 Sep 24<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was 27.16% with a dividend return of 0%, resulting in a total return of 27.16%.<BR><BR>Over the past year, the price return reached 245.92% while the dividend return was 0%, leading to a total return of 245.92%.<BR><BR>For the 2-year period, the price return was 624.77% and the dividend return was 1.15%, culminating in a total return of 625.92%.<BR><BR>In the 3-year timeframe, the price return stood at 330.22% with a dividend return of 2.78%, resulting in a total return of 333.0%.<BR><BR>Over the last 4 years, there was no price return or dividend return, leading to a total return of 0.0%.<BR><BR>In the 5-year period, both the price return and dividend return were 0%, resulting in a total return of 0.0%.<BR><BR>Overall, while Le Merite Exports Ltd has declared a dividend, the recent dividend yield is 0%. The company has shown significant price returns over various periods, particularly in the 1 and 2-year spans, indicating strong performance despite the lack of consistent dividend payments.