LEMERITE

Le Merite Exports Limited

Listed company · ISIN INE0G1L01025 · NSE EQ · FV ₹2
Last price
₹19
-2.29%today
What this company does

Le Merite Exports Limited is a listed company. It booked ₹90 cr of revenue in its latest quarter (Q1 FY27) and kept -5.0% of sales as profit.

46out of 100
Equitytale Health Score
Mixed

Healthier than 46% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 2,327–2,858 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
32

At close. Not part of the score.

Profitability & returns4

How much profit it earns on the money it employs

Balance sheet23

How much it owes, and whether earnings cover the interest

Cash quality87

Whether reported profit actually arrives as cash

Valuation67

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
Promoters hold 60%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -5.0% net margin
! Low -13.4% return on equity

What if I invest in LEMERITE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹19 -2.29%
latest close · 2026-09-17
52-wk low ₹1842 sessions so far52-wk high ₹24
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio13.0Low
LowAverageHigh
P/B ratio1.74Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-13.4%Loss
WeakFairStrong ▸15%
Return on capital-11.0%Loss
WeakFairStrong
Net margin-5.0%Loss
ThinDecentStrong
EBITDA margin-4.0%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.67Moderate
LowModerateHigh ▸1
Interest cover-2.5×Risky
RiskyOkayStrong ▸5×
Current ratio1.97Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹235 cr
Book value
₹11
EPS
₹0.36
latest quarter
Net debt
₹80 cr
owes more than its cash
Enterprise value
₹315 cr
EBITDA
₹-15 cr
annualised
EBIT
₹-16 cr
annualised
Operating margin
-4.3%
Return on assets
-7.0%
Earnings yield
7.68%
P/S
0.65
Sales / share
₹28.7
Tax rate
Face value
₹2
Shares
12.5 cr
Working capital
₹113 cr
Current assets
₹230 cr
Current liabilities
₹117 cr
Delivery %
39.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹4₹9, midpoint ₹7

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹90 cr
Other Income₹6 cr
Total Income₹96 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹81 cr
Inventory Change (±)₹1 cr
Employee Benefit Expense₹73.2 L
Finance Costs₹2 cr
Depreciation & Amortisation₹26.4 L
Other Expenses₹17 cr
Total Expenses₹101 cr
Profit before Tax₹-5 cr
Tax Expense₹-84.4 L
Net Profit₹-5 cr
Net margin on total income-4.8%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹82 cr80.8%
Employee benefit expense₹73.2 L0.7%
Finance costs₹2 cr1.5%
Depreciation & amortisation₹26.4 L0.3%
Other expenses₹17 cr16.7%
Total income ₹96 cr

The company made a net loss of ₹5 cr this quarter — income covered only 95 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue73 cr75 cr90 cr
Total income76 cr78 cr96 cr
Expenses73 cr77 cr101 cr
Profit before tax3 cr1 cr-5 cr
Tax62.9 L22.1 L-84.4 L
Net profit (owners' share)2 cr79.8 L-5 cr
Net margin (owners' share, on revenue)2.9%1.1%-5.0%
EPS (₹)0.820.350.36
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹259 cr
Shareholder equity
₹135 cr
parent shareholders
Total debt
₹90 cr
Cash
₹10 cr
Cash flow · H1 FY26
Operating
₹16 cr
Investing
₹-2 cr
Financing
₹-15 cr
Who owns it · 2026-06-30
No pledge
Promoter
59.6%
FII / Foreign
0.0%
DII / Domestic
Retail / others
40.4%
Promoter stake down 13.1% over the last 12 quarters.
Smart-money activity
Insider trades
SoldAshadevi Lath · Promoter Group18,000 · ₹59.9 L18 Aug 25
SoldAshadevi Lath · Promoter Group22,000 · ₹71.1 L13 Aug 25
SoldAshadevi Lath · Promoter Group60,000 · ₹1.9 cr12 Aug 25
Bulk / block deals
SoldSAHASTRAA ADVISORS PRIVATE LIMITED · NSE8.06 L @ ₹24.1525 Jun 26
BoughtSAHASTRAA ADVISORS PRIVATE LIMITED · NSE8.06 L @ ₹24.225 Jun 26
SoldSAURAV NAG · NSE8.41 L @ ₹24.3112 Jun 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2025
See the official result
1
To receive, consider, approve and adopt the Audited Standalone Financial Statements for the Financial Year ended March 31, 2025, together with the reports of the Board and Auditors thereon
Backed by 91% of shareholders other than promotersneeded 50%
32,000 votes for, 3,200 against
2
To receive, consider, approve and adopt the Audited Consolidated Financial Statements for the Financial Year ended March 31, 2025, together with the report of the Auditors thereon
Backed by 91% of shareholders other than promotersneeded 50%
32,000 votes for, 3,200 against
3
To re-appoint Mrs. Sweta Lath (DIN 07213314), who is liable to retire by rotation, being eligible, seek re-appointment in terms of section 152(6) of the Companies Act, 2013
Backed by 91% of shareholders other than promotersneeded 50%
32,000 votes for, 3,200 against
4
To appoint M/s. Prachi Bansal & Associates, Company Secretaries, Faridabad (CP No. 23670) as Secretarial Auditor of the Company for a first term of 5 (five) consecutive years and to fix their remuneration
Backed by 91% of shareholders other than promotersneeded 50%
32,000 votes for, 3,200 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 6 named members
owning 59.6% between them · as of 2026-06-30
ASHADEVI LATH25.30%
ABHISHEK LATH21.05%
UMASHANKAR NAHARMAL LATH5.51%
UMASHANKAR LATH4.38%
SWETA ABHISHEK LATH3.41%
ABHISHEK LATH HUFno shares
Business done with them
FY2025 · 2 of the group
The company paid ₹3 cr to companies in the promoter group last year — about 0.5% of its ₹515 cr revenue and received ₹14 cr back from them.
UMASHANKAR LATH
Contribution received from them · Remuneration, Loan Repaid and Loan Taken
also owns 4.38% of the company
₹13 cr
company received
UMASHANKAR LATH
Contribution made to them · Remuneration, Loan Repaid and Loan Taken
also owns 4.38% of the company
₹2 cr
company paid
ASHADEVI LATH
Contribution made to them · Remuneration
also owns 25.30% of the company
₹60 L
company paid
ASHADEVI LATH
Contribution received from them · Remuneration
also owns 25.30% of the company
₹60 L
company received

The company also transacted with 7 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹19 cr raised in Sep 2025 by selling shares to selected investors

As of Jun 2026, the company says it has spent 33% of what it set aside, leaving ₹13 cr still to be spent.

Strategic Investment
21%
₹3 cr of ₹14 cr
General Corporate Purpose
67%
₹3 cr of ₹5 cr
₹22 cr raised in Nov 2024 by selling shares to selected investors

As of Dec 2025, the company says it has spent 100% of what it set aside.

Working capital requirement and fund-raising cost
100%
₹17 cr of ₹17 cr
General Corporate Purposes
100%
₹5 cr of ₹5 cr
Spent by quarter: 66%100% (to Dec 2025)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.