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Le Merite Exports Ltd

Company details

61.00
62.10
52.50
87.00
6M Return -14.45%
1Y Return -22.54%
Mkt Cap.(Cr) 143.23
Volume 4,800
Div Yield 1.19%
OI
-
OI Chg %
-
Volume 4,800

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FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 45.48 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 17,885.38 -31,611.37
LAST 3M 35,121.07 -30,202.77
LAST 6M 57,685.76 41,245.03
LAST 12M 186,762.13 -119,512.97

INFORMATION

Stock PE (TTM)

6.87

Promoter Holding

72.74%

Book Value

39.8134

ROCE

28.18%

ROE

60.25%

Description

  • 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.

Registered Address

B1-104D Boomerang Andheri (W), Chandivali Farm Road Powai, Mumbai, Maharashtra, 400072

Tel : 91-22-28579209
Email : compliance:lemeriteexports.com
Website : http://www.lemeriteexports.com

Registrar

Bigshare Services Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1600
BSE Code : 535447
NSE Code : LEMERITE
Book Closure Date (Month) :
BSE Group :
ISIN : INE0G1L01017

ICICIdirect Le Merite Exports Ltd FAQ

You can buy Le Merite Exports Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Le Merite Exports Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 01, 2023 03:40 PM the closing price of Le Merite Exports Ltd was ₹ 61.00.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 01, 2023 03:40 PM, the market cap of Le Merite Exports Ltd stood at ₹ 143.23.
The latest PE ratio of Le Merite Exports Ltd as of Feb 01, 2023 03:40 PM is 6.87
The latest PB ratio of Le Merite Exports Ltd as of Feb 01, 2023 03:40 PM is 0.65
The 52-week high of Le Merite Exports Ltd is ₹ 87.00 while the 52-week low is ₹ 52.50

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