Annual reportMar 2026
Annual report · Le Merite Exports Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 30, 2026
Source: Nse
Le Merite Exports Limited (LEMERITE)
Small CapServices stocks · Small cap · NSE
Le Merite Exports Limited operates in Shipping, within the Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:35 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Services P/E 17.7 (n=143)
Technical timing lens
Trend score and candlestick chart
26Bearishfull bear SMA stack · SMA20 -5.3% / mo · MACD + · near 52W low
Stock trend: 26
Sector RS: —
Services FPI tailwindFlow only
FPI equity flow was positive in both fortnights, but exact sector-index confirmation is unavailable. View sector evidence
Technical chart
LEMERITED candles · FIT view-78.2%TODAY · PROVISIONALLatest price ₹19.23 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-2.9%
RSI
45
MACD hist
0.08
52W pos
2%
2026-10-21O ₹19.80H ₹19.80L ₹18.98C ₹19.23Vol 2.9L shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
LEMERITENifty 500
- LEMERITE
- -9.4%
- Nifty 500
- -5.6%
- Vs Nifty 500
- -3.9 pp
Chart stats
19 Oct 2026- From 52W high
- -82.4%
- 52W range position
- 1%
- ATR (14)
- 7.8%
- Volume vs 20D
- 0.73x
- Avg traded value
- ₹0.5 Cr
- 20D price channel
- ₹17.7 - ₹21.9
₹107.6
₹17.7 - ₹107.6
₹1.5
Latest completed session
20-session average
63.0% annualized volatility
No exact NSE sector index is mapped for this company. Nifty 500 remains the broad-market comparison.
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED24
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -18.8% · PAT -206.3% YoY
Technical
Bearish26
Price trend and sector-relative-strength timing.
Valuation
Legacy model-162.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence66
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -19% YoY · PAT -206% YoY · margin compression · +19% QoQ
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹89.8 Cr | -18.8% | +19.2% |
| EBITDA | ₹-9.6 Cr | -281.1% | -11875.0% |
| Operating margin | -10.7% | -1546 bps | -1056 bps |
| PAT | ₹-4.6 Cr | -206.3% | -625.3% |
| PAT margin | -5.1% | -898 bps | -625 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 89.90
- P/B
- 1.85
- EV/EBITDA
- —
- Market Cap
- 251.00Cr
Profitability
- ROE
- 9.33%
- ROCE
- 9.95%
- ROA
- 1.16%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 6.00%
- EPS 5Y
- 11.00%
- Revenue 3Y
- -2.00%
- EPS 3Y
- 39.00%
Balance Sheet
- Debt/Equity
- 0.67
- Interest Coverage
- -0.29×
- Altman Z
- 3.27
- Book Value
- 10.80
Cash Flow
- FCF Yield
- 5.58%
- FCF Positive Y
- 2/5
- OCF
- 39.00 Cr
- EPS TTM
- 0.23
Shareholding
- Promoter Hold
- 59.65%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 3%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 89.8+19.2% vs prev
Net Profit
₹ CrLatest: -4.6-625.3% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 45.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~4.2% over last month) — short-term momentum negative.
- RSI(14) at 45 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 82% off 52W high · 8% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
2
RS percentile
Stage 4 Downtrend
1M return
+3.4%
3M return
-9.4%
6M return
-78.9%
1Y return
-80.2%
RS 1D
0
RS 20D
+1
Sector rank
#12
Industry rank
#40
Stage evidence
- Price is 56.1% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -17.7%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 22.72-6.92%
RS vs Nifty 50023
Valuation & peers
U-Score 24 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 24 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation1/30
Growth10/25
Quality1/20
Balance Sheet6/15
Cash Flow5/10
Piotroski
6/9 (+3)
Penalties
-2
Raw sum
24
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
24/100 · legacy band OVERVALUED
Positive drivers
- FCF yield is supportive at 5.6%.
- Cash flow contributes 5/10 to the score.
- Growth contributes 10/25 to the score.
Main drags
- Penalty bucket subtracts 2 points.
- Fair-value margin of safety is negative at -162.4%.
- Valuation is weaker at 1/30; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
89.9
PB
1.9
EV/EBITDA
—
ROE
9.3%
ROCE
9.9%
FCF Yield
5.6%
Debt/Equity
0.7
MoS
-162.4%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
24
Previous: 24
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-162.4%
Previous: -159.0%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
24
24
24
24
24
24
24
24
23
24
24
24
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹7.48
-157.2% MoS
Growth-justified P/E
31.9
Growth-justified Value
₹7.33
-162.4% MoS
PEG
5.11
Comparable companies
Peers
Business-comparable peers in Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SAKUMA
Small
Sakuma Exports Limited
Logistics
match 101
29
22.6
0.6%
-716%
OVERVALUED
TRANSWORLD
Small
TRANSWORLD SHIPPING LINES LIMITED
Logistics
match 98
22
—
-10.8%
—
OVERVALUED
ZENITHEXPO
Small
Zenith Exports Limited
Logistics
match 96
24
363.0
2.9%
-1215%
OVERVALUED
ESSARSHPNG
Small
Essar Shipping Limited
Logistics
match 96
47
—
—
+86%
FAIR VALUE
TIGERLOGS
Small
Tiger Logistics (India) Limited
Logistics
match 95
50
16.6
14.4%
+39%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Le Merite Exports Limited operates in Shipping, within the Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
66Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 49th percentile of the scored universe and 53rd percentile within Services. Main check: results consistency is weak at 31/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
1 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
49th percentile
overall median 67 · Services: 53rd pctile, median 66 · Small: 54th pctile, median 66
Evidence depth
Financial-only
1 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
73
acceptable · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
31
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 59.7%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 5.3%.
Trust risks
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸Promoter holding fell 1.9%.
- ▸OPM spread across recent quarters is 16.4%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Le Merite Exports Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual report
Annual Report 2026
Source: Nse
Investor presentationJun 2025
Investor presentation · Le Merite Exports Limited has informed the Exchange about Investor Presentation
Source: Nse
Annual report
Annual Report 2025
Source: Nse
Investor presentationJan 2025
Investor presentation · Le Merite Exports Limited has informed the Exchange about Investor Presentation
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.