LEMERITE
Le Merite Exports financials
- Market cap
- ₹264 Cr
- Sector
- Textiles
What Le Merite Exports Limited does
Le Merite Exports Limited manufactures cotton yarn and greige fabrics and exports them across the yarn-to-fabric textile value chain to over 37 countries, including the US, EU, China and Bangladesh, under an asset-light, capital-efficient operating model. It has diversified into technical and defence textiles, supplying uniforms, ECC jackets, and antimicrobial and ballistic-protection fabrics developed using DRDO-backed technology. The group operates through subsidiaries covering filament, spinning, and defence textile solutions.
Segments
- Exports
- Domestic
- Defence
- Upcoming manufacturing facility
- Amravati Textile Park, Maharashtra (defence textile production, in pipeline)
- Export footprint
- 37+ countries (incl. US, EU, China, Bangladesh)
- Yarn sales volume
- ~1,400 tonnes/month
- Fabric production volume
- ~500,000 yards/month
- Subsidiaries
- 3 (Le Merite Filament, Le Merite Laxmi Spinning, Le Merite Tactical & Defence Solutions)
- Export house recognition
- 3-star export house (Govt. of India)
Quarterly results
Q1 FY27: revenue down 18.7%, net profit down 206.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 297 | 96 | 126 | 110 | 98 −67% | 73 −23% | 75 −40% | 90 −19% |
| EBITDA | 4 | 2 | 5 | 5 | 6 +40% | 2 +13% | -0 −102% | -10 −281% |
| Net profit | 3 | 0 | 2 | 4 | 4 +45% | 2 +720% | 1 −63% | -5 −206% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −94.2% 1Y
1Y: ₹363 on 10 Sept 2025 → ₹21.11. High ₹516.25 (11 Dec 2025), low ₹20.03 (21 Jul 2026).
Financials, as filed
| Year ending | FY26 |
|---|---|
| Revenue | ₹357 Cr |
| Operating profit | ₹13 Cr |
| Operating margin | 3.6% |
| Interest | ₹7 Cr |
| Depreciation | ₹1 Cr |
| Net profit | ₹12 Cr |
| Net margin | 3.2% |
| Cash from operations | ₹39 Cr |
| Free cash flow | ₹27 Cr |
| ROCE | 10.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹2 Cr | ₹17 Cr | ₹23 Cr | ₹23 Cr | ₹24 Cr | ₹25 Cr |
| Reserves | ₹23 Cr | ₹28 Cr | ₹70 Cr | ₹71 Cr | ₹104 Cr | ₹110 Cr |
| Borrowings | ₹54 Cr | ₹100 Cr | ₹86 Cr | ₹92 Cr | ₹84 Cr | ₹90 Cr |
| Other liabilities | ₹14 Cr | ₹31 Cr | ₹22 Cr | ₹12 Cr | ₹26 Cr | ₹33 Cr |
| Total liabilities | ₹92 Cr | ₹177 Cr | ₹202 Cr | ₹198 Cr | ₹239 Cr | ₹259 Cr |
| Fixed assets | ₹2 Cr | ₹3 Cr | ₹2 Cr | ₹3 Cr | ₹11 Cr | ₹13 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹7 Cr | ₹8 Cr | ₹5 Cr | ₹9 Cr |
| Investments | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹1 Cr | ₹5 Cr | ₹29 Cr |
| Other assets | ₹89 Cr | ₹172 Cr | ₹191 Cr | ₹186 Cr | ₹217 Cr | ₹207 Cr |
| Total assets | ₹92 Cr | ₹177 Cr | ₹202 Cr | ₹198 Cr | ₹239 Cr | ₹259 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Mar 2025, the public added +3.08 pp while promoters trimmed −2.57 pp. The shareholder count grew 263% to 4,441.
- Promoters
- 59.6%
- Public
- 40.3%
Since Mar 2025
- Public +3.08 pp
- Promoters −2.57 pp
- FIIs −0.52 pp
How it drifted, 11 quarters
Over this window the public went from 27.1% to 40.3% — +13.3 pp.
Ownership split by quarter, oldest first. Jun '22: Promoters 72.7%, DIIs 0.2%, Public 27.1%.Sep '22: Promoters 72.7%, FIIs 0.6%, Public 26.7%.Mar '23: Promoters 72.7%, FIIs 0.6%, Public 26.7%.Sep '23: Promoters 72.7%, FIIs 0.4%, Public 26.9%.Mar '24: Promoters 73.0%, FIIs 0.4%, Public 26.6%.Sep '24: Promoters 73.1%, FIIs 0.2%, Public 26.7%.Mar '25: Promoters 62.2%, FIIs 0.5%, Public 37.3%.Sep '25: Promoters 61.5%, FIIs 0.3%, Public 38.1%.Dec '25: Promoters 59.6%, FIIs 0.1%, DIIs 0.2%, Public 40.0%.Mar '26: Promoters 59.6%, FIIs 0.2%, DIIs 0.2%, Public 40.0%.Jun '26: Promoters 59.6%, Public 40.3%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Firm newly disclosed 0.00% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Le Merite Exports Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ashadevi Lath | 25.30% | unchanged |
| Abhishek Lath | 21.05% | unchanged |
| Umashankar Naharmal Lath | 5.51% | unchanged |
| Umashankar Lath | 4.38% | unchanged |
| Sweta Abhishek Lath | 3.41% | unchanged |
| Meenaxi Dilip Kothari | 1.29% | unchanged |
| Abhishek Lath Huf | 0.00% | unchanged |
| Firm | 0.00% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Le Merite Exports Limited
Guides on how to read this kind of business and the numbers that matter.