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Le Merite Exports Ltd Fundamentals

Market Cap
₹ 191.6 Cr
P/E Ratio (TTM)
44.84
P/B Ratio
2.04
Debt to Equity
1.34
ROE
EPS (TTM)
1.82
Dividend Yield
0.61 %
Book Value
39.91

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Le Merite Exports Ltd Financials

Le Merite Exports Ltd Financials

Le Merite Exports Ltd Shareholding Pattern

Held By Mar 2024 Sep 2023 Mar 2023 Sep 2022
Promoters 72.96 % 72.74 % 72.74 % 72.74 %
Retail 23.73 % 23.30 % 22.70 % 21.22 %
Others 2.91 % 3.56 % 3.98 % 5.46 %
FII 0.40 % 0.40 % 0.58 % 0.58 %
Mutual Funds 0.00 % 0.00 % 0.00 % 0.00 %

Promoters

72.96%

Retail

23.73%

Others

2.91%

FII

0.40%

Mutual Funds

0.00%

Promoters

72.74%

Retail

23.30%

Others

3.56%

FII

0.40%

Mutual Funds

0.00%

Promoters

72.74%

Retail

22.70%

Others

3.98%

FII

0.58%

Mutual Funds

0.00%

Promoters

72.74%

Retail

21.22%

Others

5.46%

FII

0.58%

Mutual Funds

0.00%

Resistance and Support

₹82.45

PIVOT

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Resistance
First Resistance₹83.400
Second Resistance₹84.950
Third Resistance₹85.900
support-arrow
Support
First Support₹80.900
Second Support₹79.950
Third Support₹78.400

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day166,40036,80060.53
Week60,80085,760-65.67
1 Month60,80060,107-65.67
6 Months8,224,0005,515,20074.41

About Le Merite Exports Ltd

The Company was originally incorporated as a Private Limited Company in name and style of 'Didwaniya Yarn Exports Private Limited' on December 24, 2003 under the Companies Act, 1956 issued by the Registrar of Companies, Maharashtra, Mumbai. Further, name of the Company was changed to 'Le Merite Exports Private Limited' and a Special Resolution was passed by the Shareholders of the Company at the Extra-Ordinary General Meeting held on August 07, 2004. The Assistant Registrar of Companies, Maharashtra, Mumbai issued a fresh Certificate of Incorporation dated September 02, 2004, upon change of the name. Further, Company got converted into a Public Limited Company pursuant to the Special Resolution passed by the Shareholders at the Extra-Ordinary General Meeting of the Company held on June 02, 2015 and consequent upon such conversion, name of the Company was changed to 'Le Merite Exports Limited' vide a fresh Certificate of Incorporation dated July 08, 2015. Abhishek Lath & Umashankar Lath are the Present Promoters of the Company. Le Merite Exports is Limited an ISO 9001:2015 certified company is vertically integrated into manufacturing and trading of textile products namely cotton yarn, greige fabric and finished fabric for domestic and export sales. The Company deal in diversified product portfolio to supply compact cotton yarn, combed carded & double yarn that are used in various forms for ultimate customers. 'Le Merite' is a well-renowned & popular brand name in several yarn importing countries. The Company is a recognized 3 Star Export House and exports more than 20,000 tons of yarn annually. Presently, the Company is exporting to almost 37 countries. The Company has long standing customer relationship, exclusive tie-ups & agents in top importing countries of cotton yarn & fabrics like Bangladesh, China, Turkey, Portugal, Egypt, South Korea, Iran, Italy, Vietnam, Thailand, Peru, UAE and the USA. Apart from this, the Company exports sustainable eco-friendly organic yarn and fabric to international textile and garment manufacturers. The Company has incorporated two subsidiary companies for diversification into non cotton yarn products. The Company's manufacturing plant Unit I located in Nagpur is engaged in processing of cotton yarn doubling. The Company has undertaken Operation and Management of Unit 1 with Sainath Textiles Private Limited for a period of 4 years. As per the arrangement, the Company has exclusive rights to sell the product manufactured at Unit 1. Unit II is located in the cotton growing belt of Maharashtra and is engaged in manufacturing of Cotton Yarn with an installed capacity of 3040 MTPA. The Company is presently operating Unit 3 located at MIDC (Plot No. B1), Jalgaon Arvi, Dist Amravati, in Maharashtra. Unit 3 comprises of factory building, Godowns and other ancillary construction. Unit 3 is well equipped with Raw Material like Cotton Bales, Process - Blowroom, Carding, Draw frame, Speed frame, Ring frame, Link coner, YCP Finished Goods - Yarn and Spinning Plant Machineries. Unit 3 is engaged in manufacturing of Cotton Yarn with an installed capacity of 6000 MTPA. The Company is certified by some of the most reputed global certification agencies for quality, environment consciousness, processes and customer services such as ISO 9001:2015, OEKO-TEXr Standard 100, Global Organic Textile Standard (GOTS) for 100% Organic cotton yarn and greige fabric. The Company is also a registered member of Better Cotton Initiative (BCI) etc. In March 2006, the entire Share Capital of Company got transferred by Didwaniya family to the Lath family and the control of Company was handed over to Lath Family, the New Promoters of the Company, Mr. Abhishek Lath & Ms. Umashankar Lath, pursuant to Share Transfer Deed. In 2013-14, the Company was awarded Gold Plaque the highest Exports of Cotton Yarn from TEXPROCIL. The Company bagged Certificate & Award for Third Best Export Performance Merchant Exporter by Synthetic & Rayon Textiles Export Promotion Council SRTEPC). From year 2014-17, the Company received Certificate & Award for Third Best Export Performance Merchant Exporter by Synthetic & Rayon Textiles Export Promotion Council SRTEPC). In 2016-17, the Company received First Award for the Best Export Performance by Government of Maharashtra Industries Dept. Directorate of Industries. In 2017-18, the Company received a Certificate from Federation of Indian Export Organization (FIEO) (Set up by Ministry of Commerce, Govt of India) for outstanding Export Performance in the category of Highest Foreign Exchange Earner - Maharashtra State - MSME. The Company participated in TexTech Bangladesh International Expo. In 2018-19, the Company received Certificate & Award for Second Best Export Performance Merchant Exporter by Synthetic & Rayon Textiles Export Promotion Council SRTEPC). In 2021-22, the Company received a Certificate from Oeko Tex for Griege woven fabrics made of 100% cotton exclusively produced from material certified according to Standard 100.

Managing Director

2003

Founded

Abhishek Lath

NSE Symbol

LEMERITE

Le Merite Exports Ltd Management

NameDesignation
Abhishek LathManaging Director & CFO
Umashankar LathChairman & Managing Director
Sweta LathExecutive Director
Jaydeep Purujit MehtaIndependent Director
Narendra Kumar SrivastavaIndependent Director
Rohit AgarwalIndependent Director
Sarita MishraCompany Sec. & Compli. Officer

Events

Dividend Announcement for Le Merite Exports Ltd - May 29, 2023

On May 29, 2023, shareholders are set to receive a dividend payout, with each share entitling its holder to a dividend of 5.0%. This dividend percentage reflect...

Read More

Le Merite Exports Ltd News

Le Merite Exports to table results
On 6 November 2023
Le Merite Exports to conduct AGM
On 30 September 2023
Le Merite Exports to conduct board meeting
On 7 September 2023
Board of Le Merite Exports recommends final dividend
Of Rs 0.5 per share
Le Merite Exports to discuss results
On 29 May 2023
Le Merite Exports to hold board meeting
On 24 March 2023
Le Merite Exports schedules board meeting
On 11 November 2022
Le Merite Exports AGM scheduled
On 30 September 2022
Le Merite Exports announces board meeting date
On 6 September 2022
Board of Le Merite Exports recommends final dividend
Of Rs 1 per share

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Le Merite Exports Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Le Merite Exports Ltd shares in BlinkX

Le Merite Exports Ltd's P/E ratio is 44.84 times as of May 18, 2024 at 01:44 PM.

Le Merite Exports Ltd's most recent financial reports indicate a price-to-book ratio of 2.04, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Le Merite Exports Ltd's market is 192 Cr as on May 18, 2024 at 01:44 PM.

The current financial records of Le Merite Exports Ltd show a % ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Le Merite Exports Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

As of the Mar 2024 quarter, the promoter shareholding in Le Merite Exports Ltd stands at 72.96%. During the same period, Institutional Investors have shown a slight values are equal in their holdings, values are equal from 0.40% to 0.40%.