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Meera Industries share price

Meera Industries Ltd.

BSE: 540519 SECTOR: Textile - Machinery  10k   46   4

43.73
+0.61 (1.41%)
BSE: 28 Mar 04:01 PM

Price Summary

Today's High

₹ 46

Today's Low

₹ 41.99

52 Week High

₹ 59.8

52 Week Low

₹ 34.98

FinStar is Suspended!

FinStar can not be assigned to this company due to its dicey outlook and insufficient data. We will update the FinStar for this company as soon as the data is updated from its end.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

46.7 Cr.

Enterprise Value

46.18 Cr.

No. of Shares

1.07 Cr.

P/E

152.1

P/B

1.85

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  23.58

CASH

0.52 Cr.

DEBT

0 Cr.

Promoter Holding

64.19 %

EPS (TTM)

₹  0.29

Sales Growth

-41.08%

ROE

-7.32 %

ROCE

-6.51%

Profit Growth

-165.54 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year-41.08%
3 Year-2.37%
5 Year-2.38%

Profit Growth

1 Year-165.54%
3 Year-248.91%
5 Year-193.27%

ROE%

1 Year-7.32%
3 Year4.23%
5 Year10.98%

ROCE %

1 Year-6.51%
3 Year7.35%
5 Year15.98%

Debt/Equity

0

Price to Cash Flow

33.68

Interest Cover Ratio

-7.94433688286544

CFO/PAT (5 Yr. Avg.)

1.00506869506393

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 64.19 0
Sep 2023 64.19 0
Jun 2023 64.19 0
Mar 2023 64.19 0
Dec 2022 64.19 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company is virtually debt free.
  • The company has an efficient Cash Conversion Cycle of 69.2740256220999 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.00506869506393.
  • The company has a high promoter holding of 64.19%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 11.1237330794043.

 Limitations

  • The company has shown a poor profit growth of -248.907198201337% for the Past 3 years.
  • The company has shown a poor revenue growth of -2.37205947977144% for the Past 3 years.
  • Company has a poor ROE of 4.22702169161282% over the past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 5.14 4.05 6.16 6.79 7.61
Total Expenditure 5.29 4.45 5.64 6.13 6.75
Operating Profit -0.15 -0.4 0.52 0.66 0.86
Other Income 0 0.15 0 0 0.01
Interest 0.02 0.03 0.02 0.03 0.02
Depreciation 0.26 0.3 0.31 0.31 0.31
Exceptional Items 0.13 0 0 0 0
Profit Before Tax -0.3 -0.59 0.19 0.32 0.54
Tax 0.08 -0.03 0.1 0.01 0.07
Profit After Tax -0.38 -0.56 0.09 0.31 0.46
Adjusted EPS (Rs) -0.36 -0.52 0.08 0.29 0.43

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 34.48 20.12 21.89 31.77 18.72
Total Expenditure 28.71 19.72 18.66 27.05 19.71
Operating Profit 5.76 0.4 3.23 4.72 -0.99
Other Income 0.83 0.85 0.37 0.23 0.3
Interest 0.08 0.04 0.03 0.22 0.21
Depreciation 0.37 0.42 0.68 1.01 1.09
Exceptional Items -0.03 -0.01 0 0.2 0.13
Profit Before Tax 6.12 0.79 2.89 3.92 -1.85
Tax 1.63 0.23 0.77 1.1 0
Net Profit 4.49 0.56 2.12 2.81 -1.84
Adjusted EPS (Rs.) 4.76 0.52 1.99 2.64 -1.73

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 3.93 10.68 10.68 10.68 10.68
Total Reserves 9.78 12.5 13.9 15.42 13.62
Borrowings 0 0 0 0 0
Other N/C liabilities 0.22 0.3 0.42 1.63 1.33
Current liabilities 7.43 5.77 8.18 8.04 10.13
Total Liabilities 21.36 29.25 33.17 35.77 35.76
Assets
Net Block 4.69 9.48 13.1 15.88 19.38
Capital WIP 0 0.17 0.56 2.88 0
Intangible WIP 0 0 0.02 0.02 0.02
Investments 0.65 0.65 0.65 0.39 0.15
Loans & Advances 1.14 5.4 0.12 0.08 0.08
Other N/C Assets 0 0 0 0 0
Current Assets 14.88 13.56 18.73 16.52 16.13
Total Assets 21.36 29.25 33.17 35.77 35.76
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 6.12 0.79 2.89 3.92 -1.85
Adjustment 0.15 0.31 0.85 1.45 1
Changes in Assets & Liabilities -1.98 -6.26 3.93 -1.48 2.9
Tax Paid -1.85 -0.47 -0.26 -1.3 -0.66
Operating Cash Flow 2.44 -5.63 7.41 2.58 1.39
Investing Cash Flow -1.59 -5.33 -5.02 -2.45 -1.32
Financing Cash Flow -0.85 8.91 -0.74 -1.57 -0.33
Net Cash Flow 0 -2.05 1.65 -1.44 -0.26

Corporate Actions

Investors Details

PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
promoters 64.19 64.19 64.19 64.19 64.19
bijal dharmeshbhai desai - - - - 36.53
dharmeshkumar vinodkumar ... 26.84 26.84 26.84 26.84 26.84
nileshkumar vinodchandra ... 0.82 0.82 0.82 0.82 0.82
desai bijal dharmeshbhai 30.46 30.46 30.46 36.53 -
devendra somabhai naik 4.05 4.05 4.05 - -
rekhaben devendrabhai nai... 2.02 2.02 2.02 - -
PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
investors 35.81 35.81 35.81 35.81 35.81
kamlesh ramanlal naik 1.57 1.57 1.57 1.57 1.57
lakshman easwaran - - 1.05 1.34 1.54
nimesh ramanbhai naik 2.36 2.36 2.36 2.36 2.36
uttam singh 1.01 1.01 1.01 1.01 1.01

Annual Reports

Ratings & Research Reports

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Company Presentations

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Company News

Meera Industries informs about notice of postal ballot12 Mar 2024, 9:42AM Meera Industries bags order worth Rs 2.70 crore 6 Mar 2024, 2:59PM Meera Industries informs about award of order6 Mar 2024, 12:09PM Meera Industries secures two export orders27 Feb 2024, 12:08PM MEERA Industries bags orders worth $336,25012 Feb 2024, 12:30PM Meera Industries informs about postal ballot notice9 Feb 2024, 5:27PM Meera Industries - Quaterly Results7 Feb 2024, 6:10PM Meera Industries - Quaterly Results7 Feb 2024, 6:10PM Meera Industries - Quaterly Results7 Feb 2024, 6:10PM Meera Industries informs about disclosure23 Sep 2023, 12:36PM Meera Industries informs about disclosure 7 Sep 2023, 10:05AM Meera Industries bags order worth Rs 5.7 crore12 Jun 2023, 2:30PM Meera Industries informs about closure of trading window1 Apr 2023, 10:00AM Meera Industries - Quaterly Results13 Feb 2023, 5:47PM Meera Industries informs about closure of trading window2 Jan 2023, 9:59AM Meera Industries informs about closure of trading window2 Jan 2023, 9:52AM Meera Industries informs about board meeting intimation 5 Nov 2022, 11:58AM Meera Industries informs about postal ballot notice14 Jul 2022, 4:49PM Meera Industries informs about compliance certificate22 Apr 2022, 3:04PM Meera Industries bags domestic order of Rs 1.45 crore15 Mar 2022, 2:44PM Meera Industries informs about outcome of the board meeting 15 Feb 2022, 10:09AM Meera Industries informs about statement of deviation or variation29 Nov 2021, 4:44PM Meera Industries informs about closure of trading window1 Oct 2021, 9:48AM Meera Industries submits 15th annual report 9 Sep 2021, 9:52AM Meera Industries informs about revised declaration3 Jul 2021, 3:21PM Meera Industries informs about board meeting22 Jun 2021, 4:29PM Meera Industries informs about board meeting22 Jun 2021, 3:27PM Meera Industries bags export order from Turkey14 Jun 2021, 4:32PM Meera Industries secures domestic order from SRF11 May 2021, 11:30AM Meera Industries bags domestic order of Rs 3.45 crore26 Apr 2021, 2:50PM Meera Industries secures export order from Turkey 8 Mar 2021, 11:23AM Meera Industries bags domestic order 27 Jan 2021, 11:36AM Meera Industries bags export, domestic orders20 Jan 2021, 11:55AM Meera Industries informs about newspaper publication16 Jan 2021, 3:23PM Meera Industries informs about proceedings of 14th AGM7 Dec 2020, 11:16AM Meera Industries bags export order of $140,00025 Sep 2020, 10:30AM Meera Industries secures order from Supreme Synfil8 Sep 2020, 3:42PM Meera Industries receives export order of $1,05,2007 Aug 2020, 12:38PM Meera Industries informs about award of order receipt7 Aug 2020, 11:10AM

Meera Industries Stock Price Analysis and Quick Research Report. Is Meera Industries an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Meera Industries has a PE ratio of 152.104347826087 which is high and comparatively overvalued .

  • Share Price: - The current share price of Meera Industries is Rs 43.73. One can use valuation calculators of ticker to know if Meera Industries share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Meera Industries has ROA of -5.1580377814314 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Meera Industries has a Current ratio of 1.5919074459789 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Meera Industries has a ROE of -7.32007833162371 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Meera Industries has a D/E ratio of 0 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Meera Industries has an Inventory turnover ratio of 2.01780738489067 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Meera Industries has reported revenue growth of -41.076094004772 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Meera Industries for the current financial year is -5.28759088213768 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Meera Industries is Rs 0 and the yield is 0 %.

Last Updated on:
Brief about Meera Industries
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