Le Merite Exports share price & results
- Jun 2026
- Jun 2026
Mumbai-based cotton yarn and greige fabric manufacturer-exporter now expanding into technical and defence textiles (uniforms, ballistic and antimicrobial fabrics).
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 89.8 | −18.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -10.7 | −15.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -4.6 | −206.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 2.17 | +3.9 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 7.71 | +10.4 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −44.2 pts | Trailing twelve months | TTM to Jun 2026 | Not in the analysed materials. No older figure is substituted. |
Price
Performance −96.0% 1Y
1Y: ₹481.35 on 24 Oct 2025 → ₹19.46. High ₹516.25 (11 Dec 2025), low ₹18.35 (18 Sept 2026).
- Previous close
- ₹19.71
- Market cap
- ₹251 Cr
- 52-week range
- ₹18.35 – ₹516.25
- One year
- −95.90%
- Price to earnings (TTM to Jun 2026)
- 92.96×
- Return on equity (TTM to Jun 2026)
- 2.17%
Overview
- Symbol
- NSE:LEMERITE
- Sector
- Textiles
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Le Merite Exports Limited does
Based on the company's own presentations, annual report and earnings calls.
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)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −206% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 297 | 96 | 126 | 110 | 98 | 73 | 75 | 90 |
| Expenses | 293 | 94 | 121 | 105 | 93 | 71 | 75 | 99 |
| Operating profit | 4 | 2 | 5 | 5 | 6 | 2 | -0 | -10 |
| Operating margin | 1.0% | 1.9% | 3.7% | 4.8% | 5.7% | 2.8% | −0.1% | −10.7% |
| Other income | 5 | 1 | 2 | 3 | 2 | 2 | 3 | 6 |
| Interest | 4 | 2 | 3 | 2 | 2 | 1 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 4 | 0 | 3 | 6 | 6 | 3 | 1 | -5 |
| Tax rate | 25.0% | 11.1% | 28.3% | 22.4% | 22.9% | 23.5% | 20.2% | −15.5% |
| Net profit | 3 | 0 | 2 | 4 | 4 | 2 | 1 | -5 |
| EPS (₹ per share) | 1.26 | 0.02 | 0.19 | 0.35 | 0.36 | 0.17 | 0.06 | -0.36 |
| Line item | Mar 2026 |
|---|---|
| Sales | 357 |
| Expenses | 345 |
| Operating profit | 13 |
| Other income | 10 |
| Interest | 7 |
| Depreciation | 1 |
| Profit before tax | 15 |
| Net profit | 12 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 17 | 23 | 23 | 24 | 24 | 25 |
| Reserves | 28 | 70 | 71 | 90 | 104 | 110 |
| Borrowings | 100 | 86 | 92 | 103 | 84 | 90 |
| Other liabilities | 31 | 22 | 12 | 21 | 26 | 33 |
| Total liabilities | 177 | 202 | 198 | 238 | 239 | 259 |
| Fixed assets | 3 | 2 | 3 | 13 | 11 | 13 |
| Capital work in progress | 0 | 7 | 8 | 0 | 5 | 9 |
| Investments | 2 | 2 | 1 | 2 | 5 | 29 |
| Other assets | 172 | 191 | 186 | 223 | 217 | 207 |
| Total assets | 177 | 202 | 198 | 238 | 239 | 259 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -22 | -44 | 11 | 0 | -12 | 39 |
| Cash from investing | 0 | -2 | -7 | -2 | -3 | -25 |
| Cash from financing | 25 | 46 | 30 | 4 | 25 | -7 |
| Net cash flow | 3 | 0 | 34 | 3 | 9 | 7 |
| Free cash flow | -22 | -46 | 4 | -1 | -14 | 27 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 80 | 88 | 89 | 69 | 81 | 85 |
| Inventory days | 16 | 10 | 20 | 15 | 8 | 9 |
| Days payable | 18 | 16 | 24 | 11 | 15 | 14 |
| Cash conversion cycle | 77 | 83 | 85 | 74 | 74 | 80 |
| Working capital days | 17 | 22 | 35 | 28 | 38 | 58 |
| Return on capital employed | — | 28.0% | 5.0% | 5.0% | 9.0% | 10.0% |
| Dividend payout | 0.0% | 8.0% | 27.0% | 27.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 59.65% as of Jun 2026; institutions cut 0.38 pts since Mar 2026.
- Promoters 59.65%
- Foreign institutions 0.00%
- Domestic institutions 0.00%
- Public 40.34%
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 |
|---|---|---|
| 25.30% | unchanged | |
| 21.05% | unchanged | |
| 5.51% | unchanged | |
| 4.38% | unchanged | |
| 3.41% | unchanged | |
| 1.29% | unchanged |
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.
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