Le Merite Exports share price today

Le Merite Exports Ltd's share price was ₹21.07 at the close on 2 November 2026. It has been falling for 18 weeks. That is 57.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹18 and ₹103, and at that close it sat 3% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Le Merite Exports Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 14 weeks running.

Over the last 4.5 years the share price moved +35% while the NIFTY 500 moved +57%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 15 May 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

For April to June 2026 (the quarter ended 30 June 2026), Le Merite Exports reported revenue of ₹89.8 crore, down 18.7% from ₹110 crore a year earlier, and a loss of ₹4.57 crore, down 206.3% from ₹4.30 crore.

Le Merite Exports results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Le Merite Exports closed at ₹21.07 on 2 November 2026, down 78.4% from ₹97.71 a year earlier (31 October 2025) and up 133.6% over three years. Its highest weekly close since May 2022 was ₹102.87 on 5 December 2025.

Le Merite Exports share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 2 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

225 weekly closes from 13 May 2022 to 2 November 2026.

2 Nov 2026: Le Merite Exports closed at ₹21.07, up 11.6% on the week and up 9.3% on the month. Results for April to June 2026: Revenue down 18.7% and profit down 206.3% on a year earlier.

Earlier

• 29 May 2026: Share split: face value cut from ₹10 to ₹2 a share (ex-date).

Le Merite Exports has paid no dividend on the NSE since its first NSE close in our records (13 May 2022), the start of the period we checked.

Not in its latest year. Le Merite Exports Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 3 of its last 6 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 2 November 2026.

Le Merite Exports is not on any of our India lists this week.

Le Merite Exports Ltd posted a net loss of ₹4.6 Cr in the Jun 2026 quarter. Full-year FY26 profit was ₹12.0 Cr. Over 5 years profit has grown 11.4% a year on average. That loss is 5.1% of the quarter's revenue. The same quarter a year earlier earned ₹4.3 Cr. 1 of the last 9 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

Jun 2026 profit was −₹4.6 Cr, −206.3% on a year earlier. For the full year, FY26 profit was ₹12.0 Cr (+71.4% on the year before).

Why profit moved: revenue changed −18.7% on a year earlier and the margin moved −15.5 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +150.2% and revenue −27.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Le Merite Exports Ltd reported ₹89.8 Cr of revenue in the Jun 2026 quarter, −18.7% on the same quarter a year earlier. Over 5 years it has grown 5.9% a year on average. The last full year, FY26, came in at ₹357 Cr. The last four reported quarters add to ₹337 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹357 Cr, −32.0% on the year before.

Recent pace: the last four quarters grew −27.4% on average, against 5.9% a year over the longer run, so this year is growing slower than its own long-run rate.

Le Merite Exports Ltd's operating margin was −10.7% in the Jun 2026 quarter, 15.5 percentage points lower than the same quarter a year ago. Across 6 years it has been between 1.4% and 6.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −15.5 percentage points on the year while gross margin changed −3.6 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 129% of Le Merite Exports Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹39.0 Cr of operating cash against ₹12.0 Cr of profit. After ₹10.0 Cr of spending on assets, ₹29.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 129% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 7.5× depreciation over three years. The next section checks what that spending is building.

Le Merite Exports Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 80 days in FY26, up from 77 days in FY21. It spent ₹15.0 Cr on assets over the last 3 years. Customers take 85 days to pay, and stock sits for 9 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹357 Cr, each day of that cycle ties up about ₹1.0 Cr, so roughly ₹78.0 Cr is tied up in the business at any time.

FY26: customers took 85 days to pay and stock sat for 9 days, about 0.3 months of sales sitting as stock, for a full cycle of 80 days, longer than FY21's 77.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 9 days. Customers pay about 85 days after that. Suppliers are paid at 14 days. Together that makes the 80-day cycle.

Spending on assets: ₹15.0 Cr over the last 3 years, against ₹2.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹9.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Le Merite Exports Ltd's P/E is 94.4×, in the middle of its own history: higher than 59% of past readings. Its usual P/E (the middle reading) is 45.5×, over 4.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹0.23.

Why the multiple is where it is: over the past year earnings per share moved +86.0% while the price moved −78.4%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved +32.7% a year; about −13.9% a year came from earnings growth and about +46.6 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

Le Merite Exports Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 6 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Le Merite Exports Ltd earned a ROCE of 10% in FY26. That is up from a low of 5% in FY23. Its return on capital used (ROIC) is 4.9 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 3.4% net margin and 1.38× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 3.4% net margin × 1.38× asset turnover × 1.92× leverage (assets divided by equity) ≈ 9.0% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 7.1% − 12.0% = −4.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

Le Merite Exports Ltd has total debt of ₹91.0 Cr against shareholder equity of ₹135 Cr as of Mar 2026, so its debt is 0.67× its equity. Year by year, that ratio went from 2.17 in FY22 to 0.67 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Promoters cut their stake in Le Merite Exports Ltd by 13.1 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 59.6% of the company. Foreign institutions moved −0.6 points over the same period, to 0.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Why the owners changed: promoters drove it (−13.1 points), together with foreign institutions (−0.6 points). They reduced their stake.

For Le Merite Exports Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

36.9 out of 100, rank 35 of 63 in Trading, with 59% of the evidence available.

Le Merite Exports Ltd scores 36.9 out of 100 against the 63 companies it is compared with in Trading, ranking 35. Some evidence is missing, so the score is pulled toward the middle on purpose.

The three scored parts add up to the total exactly: 13.6 + 12 + 11.3 = 36.9 (no relative-strength reading this week; its 20 points are shared across the other three). This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Le Merite Exports ranks 35 of 63 Trading companies on the 4-Factor Sector Score, with 36.9 out of 100.