# Le Merite Exports share price today (Le Merite Exports Ltd, NSE: LEMERITE)

> Le Merite Exports share price today: ₹21.07 at the NSE close on 2 November 2026, down 78.4% in a year. Le Merite Exports (NSE: LEMERITE) is worth ₹264 crore, trades at a P/E of 94.4 and has closed between ₹18.35 and ₹102.87 over the past 52 weeks. > Le Merite Exports Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. LEMERITE · Trading · data as of 2 November 2026. Page: https://www.sectoralpha.in/stocks/le-merite-exports-ltd

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## Key numbers

- Price: ₹21.07 (−78.4% in a year)
- P/E: 94.4× (higher than 59% of the last 4.3 years)
- Revenue (Jun 2026): ₹89.8 Cr (−18.7% on a year ago)
- Profit (Jun 2026): −₹4.6 Cr (−206.3% on a year ago)
- Operating margin: −10.7% (−15.5 points on a year ago)
- ROCE: 10%, FY26
- ROIC: 7.1%, against a 12.0% cost of capital: −4.9 points
- Profit that came in as cash: 129%, last 3 years

The main question: yearly earnings per share moved +86.0% while the share price moved −78.4%. ## What is the 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. 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. ## What are Le Merite Exports' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹89.8 crore | ₹110 crore | −18.7% |
| Profit | loss of ₹4.57 crore | ₹4.30 crore | −206.3% |
| Earnings per share | ₹−0.36 | ₹0.35 | −202.9% |
| Operating margin | −10.7% | 4.8% | −15.5 points |

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.)

## What is the Le Merite Exports share price history? 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

| When | Close | Change to 2 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹18.88 | +11.6% |
| 1 month ago · 1 Oct 2026 | ₹19.28 | +9.3% |
| 6 months ago · 30 Apr 2026 | ₹87.98 | −76.1% |
| 1 year ago · 31 Oct 2025 | ₹97.71 | −78.4% |
| 3 years ago · 3 Nov 2023 | ₹9.02 | +133.6% |
| Earliest weekly close in our records · 13 May 2022 | ₹15.65 | +34.6% |
| Highest weekly close since May 2022, also the 52-week high · 5 Dec 2025 | ₹102.87 | −79.5% |
| Lowest weekly close since May 2022 · 31 Mar 2023 | ₹8.33 | +152.9% |
| 52-week low (weekly close) · 18 Sep 2026 | ₹18.35 | +14.8% |

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.)

## What is the latest news on Le Merite Exports? 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). ## What dividend does Le Merite Exports pay? 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.)

## Which stock lists is Le Merite Exports on? Le Merite Exports is not on any of our India lists this week. ## Is Le Merite Exports profitable? 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. 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. ## How much revenue does Le Merite Exports make, and is it growing? 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. 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. ## How much of every ₹100 of sales does Le Merite Exports keep? 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. 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. ## Is Le Merite Exports' profit turning into cash? 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. 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. ## Where does Le Merite Exports' cash go? 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. 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. ## What is Le Merite Exports' P/E ratio, and how does it compare with its own history? 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. 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. ## Is the Le Merite Exports business getting better or worse? 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. 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. ## How much does Le Merite Exports earn on its capital? 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. 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. ## Does Le Merite Exports have too much debt? 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. ## What is the Le Merite Exports shareholding pattern? 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. Why the owners changed: promoters drove it (−13.1 points), together with foreign institutions (−0.6 points). They reduced their stake. ## How far is Le Merite Exports from balance-sheet trouble? 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. ## How does Le Merite Exports rank in its industry? 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. ## Which companies is Le Merite Exports compared with? Le Merite Exports ranks 35 of 63 Trading companies on the 4-Factor Sector Score, with 36.9 out of 100. 1. [Mangalam Global Enterprise Ltd](https://www.sectoralpha.in/stocks/mangalam-global-enterprise-ltd) MGEL · turning · Most evidence points up · 93% evidence 70.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.5/35 · Revenue 44.2% · Profit 8.2% · Operating margin change 0.7 points · 100% evidence Capital efficiency 14.7/25 · ROCE 17% · Operating margin 2.3% · 100% evidence Valuation 15.8/20 · P/E 14.6× · PEG 0.31 · 65% evidence Relative strength 17.2/20 · Lead over its industry 12.9% · Lead over NIFTY 500 25.7% · 1 year 18.7% · 100% evidence · 5 of 12 weeks ahead Exact sum: 22.5 + 14.7 + 15.8 + 17.2 = 70.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Shankara Buildpro Ltd](https://www.sectoralpha.in/stocks/shankara-buildpro-ltd) BUILDPRO · quiet · Too little evidence to rank firmly · 59% evidence 64.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.0/43.75 · Revenue 26.3% · Profit 41.9% · Operating margin change -0.2 points · 88% evidence Capital efficiency 21.5/31.25 · ROCE 39% · Operating margin 3.2% · 100% evidence Valuation 13.4/25 · P/E 16× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 30 + 21.5 + 13.4 = 64.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 3. [Ivalue Infosolutions Ltd](https://www.sectoralpha.in/stocks/ivalue-infosolutions-ltd) IVALUE · quiet · Evidence leans up · 74% evidence 64.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 5.4% · Profit 22.1% · Operating margin change 5.6 points · 88% evidence Capital efficiency 19.9/25 · ROCE 25.4% · Operating margin 10% · 100% evidence Valuation 15.7/20 · P/E 10× · PEG 0.43 · 65% evidence Relative strength 8.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -18.6% · 1 year -31.1% · 25% evidence · 3 of 12 weeks ahead Exact sum: 20.7 + 19.9 + 15.7 + 8.1 = 64.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Maxgrow India Ltd](https://www.sectoralpha.in/stocks/maxgrow-india-ltd) Too little evidence to rank firmly · 53% evidence 64.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.9/35 · Revenue 100% · Profit 100% · Operating margin change 0.8 points · 62% evidence Capital efficiency 16.4/25 · ROCE 23.5% · Operating margin 2.7% · 95% evidence Valuation 11.5/20 · P/E 1.2× · PEG n/a · 15% evidence Relative strength 12.4/20 · Lead over its industry n/a · Lead over NIFTY 500 136% · 1 year n/a · 25% evidence Exact sum: 23.9 + 16.4 + 11.5 + 12.4 = 64.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. [Nupur Recyclers Ltd](https://www.sectoralpha.in/stocks/nupur-recyclers-ltd) NRL · leader · Evidence leans up · 78% evidence 63.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 40.6% · Profit 29.8% · Operating margin change 3.6 points · 83% evidence Capital efficiency 15.3/25 · ROCE 15.1% · Operating margin 11.6% · 76% evidence Valuation 7.6/20 · P/E 64.4× · PEG n/a · 50% evidence Relative strength 19.9/20 · Lead over its industry 86.1% · Lead over NIFTY 500 100.5% · 1 year 134.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21 + 15.3 + 7.6 + 19.9 = 63.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Arisinfra Solutions Ltd](https://www.sectoralpha.in/stocks/arisinfra-solutions-ltd) ARIS · breaking out · Too little evidence to rank firmly · 56% evidence 61.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.5/35 · Revenue 45.3% · Profit 100% · Operating margin change 2 points · 83% evidence Capital efficiency 13.5/25 · ROCE 15.6% · Operating margin 11% · 76% evidence Valuation 10.7/20 · P/E 17.2× · PEG n/a · 15% evidence Relative strength 10.9/20 · Lead over its industry n/a · Lead over NIFTY 500 16.6% · 1 year -14.9% · 25% evidence · 11 of 12 weeks ahead Exact sum: 26.5 + 13.5 + 10.7 + 10.9 = 61.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. [DC Infotech & Communication Ltd](https://www.sectoralpha.in/stocks/dc-infotech-communication-ltd) DCI · breaking out · Evidence leans up · 81% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Revenue 29.1% · Profit 41.9% · Operating margin change 0.4 points · 88% evidence Capital efficiency 16.5/25 · ROCE 23% · Operating margin 4.8% · 100% evidence Valuation 13.4/20 · P/E 24.6× · PEG 0.82 · 100% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 20.1% · 1 year n/a · 25% evidence · 6 of 6 weeks ahead Exact sum: 19.3 + 16.5 + 13.4 + 11.1 = 60.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [SG Mart Ltd](https://www.sectoralpha.in/stocks/sg-mart-ltd) SGMART · leader · Evidence leans up · 93% evidence 60.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue 9.7% · Profit 26.7% · Operating margin change 3 points · 100% evidence Capital efficiency 11.6/25 · ROCE 10.2% · Operating margin 4.6% · 100% evidence Valuation 7.9/20 · P/E 71.1× · PEG 1.81 · 65% evidence Relative strength 18.3/20 · Lead over its industry 47.1% · Lead over NIFTY 500 60.5% · 1 year 146.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.3 + 11.6 + 7.9 + 18.3 = 60.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Bhatia Communications & Retail (India) Ltd](https://www.sectoralpha.in/stocks/bhatia-communications-retail-indialtd) Evidence leans up · 68% evidence 60.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.7/35 · Revenue 49% · Profit 45.5% · Operating margin change 0.3 points · 83% evidence Capital efficiency 17.6/25 · ROCE 21.3% · Operating margin 5.3% · 95% evidence Valuation 9.2/20 · P/E 22.8× · PEG n/a · 50% evidence Relative strength 11.5/20 · Lead over its industry n/a · Lead over NIFTY 500 30.1% · 1 year n/a · 25% evidence Exact sum: 21.7 + 17.6 + 9.2 + 11.5 = 60 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Tembo Global Industries Ltd](https://www.sectoralpha.in/stocks/tembo-global-industries-ltd) TEMBO · losing its lead · Evidence leans up · 71% evidence 59.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 34% · Profit 55.7% · Operating margin change 5 points · 83% evidence Capital efficiency 19.6/25 · ROCE 22.8% · Operating margin 16% · 76% evidence Valuation 11.2/20 · P/E 9.3× · PEG n/a · 15% evidence Relative strength 7.0/20 · Lead over its industry -19.2% · Lead over NIFTY 500 -8.7% · 1 year -20.8% · 100% evidence · 3 of 12 weeks ahead Exact sum: 21.6 + 19.6 + 11.2 + 7 = 59.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Rashi Peripherals Ltd](https://www.sectoralpha.in/stocks/rashi-peripherals-ltd) RPTECH · losing its lead · Evidence leans up · 78% evidence 59.3 out of 100 Growth Capital Valuation Relative
12. [Sudarshan Pharma Industries Ltd](https://www.sectoralpha.in/stocks/sudarshan-pharma-industries-ltd) SUDARSHAN · turning · Evidence leans up · 85% evidence 58.7 out of 100 Growth Capital Valuation Relative
13. [Singer India Ltd](https://www.sectoralpha.in/stocks/singer-india-ltd) SINGERIND · Evidence leans up · 61% evidence 58.0 out of 100 Growth Capital Valuation Relative
14. [Euro Pratik Sales Ltd](https://www.sectoralpha.in/stocks/euro-pratik-sales-ltd) EUROPRATIK · quiet · Evidence leans up · 64% evidence 57.5 out of 100 Growth Capital Valuation Relative
15. [Pramara Promotions Ltd](https://www.sectoralpha.in/stocks/pramara-promotions-ltd) PRAMARA · Too little evidence to rank firmly · 52% evidence 54.6 out of 100 Growth Capital Valuation Relative
16. [State Trading Corporation of India Ltd](https://www.sectoralpha.in/stocks/state-trading-corporation-of-india-ltd) STCINDIA · quiet · Too little evidence to rank firmly · 57% evidence 53.4 out of 100 Growth Capital Valuation Relative
17. [Patel Retail Ltd](https://www.sectoralpha.in/stocks/patel-retail-ltd) PATELRMART · turning · Evidence leans up · 64% evidence 53.2 out of 100 Growth Capital Valuation Relative
18. [Yogi Ltd](https://www.sectoralpha.in/stocks/yogi-ltd) YOGI · quiet · Evidence leans up · 64% evidence 51.2 out of 100 Growth Capital Valuation Relative
19. [Transchem Ltd](https://www.sectoralpha.in/stocks/transchem-ltd) TRANSCHEM · Too little evidence to rank firmly · 52% evidence 51.0 out of 100 Growth Capital Valuation Relative
20. [Prostarm Info Systems Ltd](https://www.sectoralpha.in/stocks/prostarm-info-systems-ltd) PROSTARM · breaking out · Evidence leans up · 64% evidence 50.8 out of 100 Growth Capital Valuation Relative
21. [Dhunseri Ventures Ltd](https://www.sectoralpha.in/stocks/dhunseri-ventures-ltd) DVL · breaking out · Evidence leans up · 78% evidence 50.6 out of 100 Growth Capital Valuation Relative
22. Bizotic Commercial Ltd losing its lead · Evidence leans up · 63% evidence 50.5 out of 100 Growth Capital Valuation Relative
23. BMW Ventures Ltd BMW · Too little evidence to rank firmly · 51% evidence 50.2 out of 100 Growth Capital Valuation Relative
24. [Cropster Agro Ltd](https://www.sectoralpha.in/stocks/cropster-agro-ltd) quiet · Evidence leans down · 65% evidence 49.1 out of 100 Growth Capital Valuation Relative
25. [MMTC Ltd](https://www.sectoralpha.in/stocks/mmtc-ltd) MMTC · quiet · Evidence leans down · 92% evidence 47.2 out of 100 Growth Capital Valuation Relative
26. [Shiv Aum Steels Ltd](https://www.sectoralpha.in/stocks/shiv-aum-steels-ltd) SHIVAUM · breaking out · Evidence leans down · 63% evidence 46.8 out of 100 Growth Capital Valuation Relative
27. [Blue Pearl Agriventures Ltd](https://www.sectoralpha.in/stocks/blue-pearl-agriventures-ltd) BPAGRI · Too little evidence to rank firmly · 51% evidence 43.8 out of 100 Growth Capital Valuation Relative
28. [Lloyds Enterprises Ltd](https://www.sectoralpha.in/stocks/lloyds-enterprises-ltd) LLOYDSENT · quiet · Evidence leans down · 71% evidence 43.1 out of 100 Growth Capital Valuation Relative
29. [Hexa Tradex Ltd](https://www.sectoralpha.in/stocks/hexa-tradex-ltd) HEXATRADEX · breaking out · Evidence leans down · 64% evidence 39.9 out of 100 Growth Capital Valuation Relative
30. [Shanti Overseas (India) Ltd](https://www.sectoralpha.in/stocks/shanti-overseas-indialtd) SHANTI · Evidence leans down · 61% evidence 39.3 out of 100 Growth Capital Valuation Relative
31. [Hardwyn India Ltd](https://www.sectoralpha.in/stocks/hardwyn-india-ltd) HARDWYN · basing · Evidence leans down · 86% evidence 38.9 out of 100 Growth Capital Valuation Relative
32. [Riddhi Siddhi Gluco Biols Ltd](https://www.sectoralpha.in/stocks/riddhi-siddhi-gluco-biols-ltd) turning · Evidence leans down · 83% evidence 38.9 out of 100 Growth Capital Valuation Relative
33. [Adani Enterprises Ltd](https://www.sectoralpha.in/stocks/adani-enterprises-ltd) ADANIENT · quiet · Evidence leans down · 93% evidence 38.2 out of 100 Growth Capital Valuation Relative
34. [PTC India Ltd](https://www.sectoralpha.in/stocks/ptc-india-ltd) PTC · quiet · Evidence leans down · 78% evidence 37.4 out of 100 Growth Capital Valuation Relative
35. Le Merite Exports Ltd this page LEMERITE · Too little evidence to rank firmly · 59% evidence 36.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.6/43.75 · Revenue -29.9% · Profit -65.8% · Operating margin change -15.5 points · 88% evidence Capital efficiency 12.0/31.25 · ROCE 9.9% · Operating margin -10.7% · 100% evidence Valuation 11.3/25 · P/E 94.5× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 13.6 + 12 + 11.3 = 36.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 36. [Fabtech Technologies Ltd](https://www.sectoralpha.in/stocks/fabtech-technologies-ltd) FABTECH · quiet · Evidence leans down · 68% evidence 36.7 out of 100 Growth Capital Valuation Relative
37. [Uniphos Enterprises Ltd](https://www.sectoralpha.in/stocks/uniphos-enterprises-ltd) UNIENTER · turning · Too little evidence to rank firmly · 59% evidence 35.7 out of 100 Growth Capital Valuation Relative
38. Manbro Industries Ltd Too little evidence to rank firmly · 57% evidence 35.4 out of 100 Growth Capital Valuation Relative
39. Shah Foods Ltd quiet · Too little evidence to rank firmly · 53% evidence 35.3 out of 100 Growth Capital Valuation Relative
40. [BN Agrochem Ltd](https://www.sectoralpha.in/stocks/bn-agrochem-ltd) BNAGROCHEM · quiet · Most evidence points down · 64% evidence 34.1 out of 100 Growth Capital Valuation Relative
41. [Neueon Corporation Ltd](https://www.sectoralpha.in/stocks/neueon-corporation-ltd) NEUEON · quiet · Too little evidence to rank firmly · 56% evidence 33.3 out of 100 Growth Capital Valuation Relative
42. [Kothari Industrial Corporation Ltd](https://www.sectoralpha.in/stocks/kothari-industrial-corporation-ltd) KOTIC · quiet · Too little evidence to rank firmly · 53% evidence 32.9 out of 100 Growth Capital Valuation Relative
43. [Oswal Agro Mills Ltd](https://www.sectoralpha.in/stocks/oswal-agro-mills-ltd) OSWALAGRO · Too little evidence to rank firmly · 52% evidence 28.7 out of 100 Growth Capital Valuation Relative
44. [Susan Electricals India Ltd](https://www.sectoralpha.in/stocks/susan-electricals-india-ltd) quiet · Too little evidence to rank firmly · 36% evidence 61.2 out of 100 Growth Capital Valuation Relative
45. [Magnus Steel & Infra Ltd](https://www.sectoralpha.in/stocks/magnus-steel-infra-ltd) Too little evidence to rank firmly · 40% evidence 61.1 out of 100 Growth Capital Valuation Relative
46. [Vision Infra Equipment Solutions Ltd](https://www.sectoralpha.in/stocks/vision-infra-equipment-solutions-ltd) VIESL · breaking out · Too little evidence to rank firmly · 47% evidence 58.5 out of 100 Growth Capital Valuation Relative
47. [Q-Line Biotech Ltd](https://www.sectoralpha.in/stocks/q-line-biotech-ltd) QLINE · losing its lead · Too little evidence to rank firmly · 21% evidence 57.8 out of 100 Growth Capital Valuation Relative
48. [HP Telecom India Ltd](https://www.sectoralpha.in/stocks/hp-telecom-india-ltd) HPTL · Too little evidence to rank firmly · 32% evidence 57.2 out of 100 Growth Capital Valuation Relative
49. Aayush Art and Bullion Ltd breaking out · Too little evidence to rank firmly · 48% evidence 57.1 out of 100 Growth Capital Valuation Relative
50. [SK Minerals & Additives Ltd](https://www.sectoralpha.in/stocks/sk-minerals-additives-ltd) quiet · Too little evidence to rank firmly · 43% evidence 55.9 out of 100 Growth Capital Valuation Relative
51. [Aptus Pharma Ltd](https://www.sectoralpha.in/stocks/aptus-pharma-ltd) Too little evidence to rank firmly · 41% evidence 55.6 out of 100 Growth Capital Valuation Relative
52. [Mardia Samyoung Capillary Tubes Company Ltd](https://www.sectoralpha.in/stocks/mardia-samyoung-capillary-tubes-company-ltd) MSCTC · Too little evidence to rank firmly · 26% evidence 55.3 out of 100 Growth Capital Valuation Relative
53. [Proventus Agrocom Ltd](https://www.sectoralpha.in/stocks/proventus-agrocom-ltd) PROV · breaking out · Too little evidence to rank firmly · 39% evidence 54.1 out of 100 Growth Capital Valuation Relative
54. [Pervasive Commodities Ltd](https://www.sectoralpha.in/stocks/pervasive-commodities-ltd) breaking out · Too little evidence to rank firmly · 48% evidence 51.8 out of 100 Growth Capital Valuation Relative
55. [Monika Alcobev Ltd](https://www.sectoralpha.in/stocks/monika-alcobev-ltd) MONIKA · Too little evidence to rank firmly · 27% evidence 49.9 out of 100 Growth Capital Valuation Relative
56. [Onix Solar Energy Ltd](https://www.sectoralpha.in/stocks/onix-solar-energy-ltd) ONIXSOLAR · quiet · Too little evidence to rank firmly · 47% evidence 45.8 out of 100 Growth Capital Valuation Relative
57. Arvaya Healthcare Ltd ARVAYA · quiet · Too little evidence to rank firmly · 46% evidence 45.4 out of 100 Growth Capital Valuation Relative
58. [A-1 Ltd](https://www.sectoralpha.in/stocks/a-1-ltd) A1L · Too little evidence to rank firmly · 33% evidence 45.3 out of 100 Growth Capital Valuation Relative
59. [Satani Bearings Ltd](https://www.sectoralpha.in/stocks/satani-bearings-ltd) breaking out · Too little evidence to rank firmly · 42% evidence 42.9 out of 100 Growth Capital Valuation Relative
60. [Keto Motors Ltd](https://www.sectoralpha.in/stocks/keto-motors-ltd) quiet · Too little evidence to rank firmly · 42% evidence 40.9 out of 100 Growth Capital Valuation Relative
61. [Aerpace Industries Ltd](https://www.sectoralpha.in/stocks/aerpace-industries-ltd) breaking out · Too little evidence to rank firmly · 36% evidence 37.9 out of 100 Growth Capital Valuation Relative
62. [Prabhatam Infra Venture Ltd](https://www.sectoralpha.in/stocks/prabhatam-infra-venture-ltd) PRABHATAM · Too little evidence to rank firmly · 22% evidence 36.8 out of 100 Growth Capital Valuation Relative
63. [RRP Semiconductor Ltd](https://www.sectoralpha.in/stocks/rrp-semiconductor-ltd) RRP · Too little evidence to rank firmly · 42% evidence 34.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Trading](https://www.sectoralpha.in/sectors/trading), all 63 compared on one page. ## Which companies are close to Le Merite Exports in size? Le Merite Exports is the 56th largest of 59 Trading companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Susan Electricals India, Magnus Steel & Infra and Monika Alcobev. Just below it: Pramara Promotions, Cropster Agro and Shanti Overseas (India). ### Trading companies close in size

1. [Susan Electricals India Ltd](https://www.sectoralpha.in/stocks/susan-electricals-india-ltd) ₹447 crore
2. [Magnus Steel & Infra Ltd](https://www.sectoralpha.in/stocks/magnus-steel-infra-ltd) ₹417 crore
3. [Monika Alcobev Ltd](https://www.sectoralpha.in/stocks/monika-alcobev-ltd) ₹274 crore
4. Le Merite Exports Ltd ₹264 crore
5. [Pramara Promotions Ltd](https://www.sectoralpha.in/stocks/pramara-promotions-ltd) ₹143 crore
6. [Cropster Agro Ltd](https://www.sectoralpha.in/stocks/cropster-agro-ltd) ₹130 crore
7. [Shanti Overseas (India) Ltd](https://www.sectoralpha.in/stocks/shanti-overseas-indialtd) ₹6 crore

[All 59 Trading companies, largest first](https://www.sectoralpha.in/sectors/trading#all-companies)

### Companies close in size in other industries

1. [Vishal Nirmiti Ltd](https://www.sectoralpha.in/stocks/vishal-nirmiti-ltd) ₹275 crore
2. [Atal Realtech Ltd](https://www.sectoralpha.in/stocks/atal-realtech-ltd) ₹265 crore
3. Le Merite Exports Ltd ₹264 crore
4. [Mitsu Chem Plast Ltd](https://www.sectoralpha.in/stocks/mitsu-chem-plast-ltd) ₹248 crore · Plastics
5. [R&B Denims Ltd](https://www.sectoralpha.in/stocks/r-b-denims-ltd) ₹244 crore · Textiles - Denim Fabric

## What else do people ask about Le Merite Exports? ### What were Le Merite Exports's latest quarterly results? Le Merite Exports Ltd reported revenue of ₹89.8 Cr and a net loss of ₹4.6 Cr for the Jun 2026 quarter. Revenue fell 18.7% and profit fell 206.3% compared with a year earlier. Earnings per share were −₹0.36 (as of 2 November 2026). ### What is Le Merite Exports's market cap? Le Merite Exports Ltd's market capitalisation is ₹264 Cr at a share price of ₹21.07. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 2 November 2026). ### How is Le Merite Exports performing? Le Merite Exports Ltd's share price has been falling for 18 weeks. In its latest quarter, revenue fell 18.7% and profit fell 206.3% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 14 weeks running (as of 2 November 2026). ### Will Le Merite Exports's share price go up? This page does not forecast Le Merite Exports Ltd's share price. What it shows instead: the share price is ₹21.07, and it has been falling for 18 weeks. Its P/E of 94.4× is higher than 59% of its own last 4 years (as of 2 November 2026). ### Who owns Le Merite Exports? Promoters own 59.6% of Le Merite Exports Ltd, foreign institutions 0.0%, domestic institutions 0.0% and the public 40.3% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 13.1 percentage points over 8 quarters (as of 2 November 2026). ### Does Le Merite Exports have too much debt? Le Merite Exports Ltd has a moderate amount of debt: its debt is 0.67× its equity, and its operating profit is 2 times its interest bill. FY26 borrowings were ₹90.0 Cr against equity of ₹135 Cr. Keep that borrowing in mind when reading the returns on this page (as of 2 November 2026). ### Where is Le Merite Exports in its business cycle? Le Merite Exports Ltd's FY26 operating margin was 3.7%, against a 6-year range of 1.4% to 6.0%: the middle of its own range, neither a peak nor a low. The latest quarter was −10.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 2 November 2026). ### What could break the Le Merite Exports story? The main question: yearly earnings per share moved +86.0% while the share price moved −78.4%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 2 November 2026). ### Is Le Merite Exports a stock worth studying right now? What the numbers show: Le Merite Exports Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 2 November 2026). This is research, not advice. We’re not SEBI-registered.