Meera Industries Ltd
MEERAMeera Industries Ltd
MEERA
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
AvgAverage profitability - not good, not bad
Entry point
AvgThe stock is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 17.17 | 2.71 | — |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 40.83 | 5.88 | 0.66% |
Forecast & Ratings
Detailed Forecast Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Meera Industries Limited is an India-based company engaged in manufacturing Two for One twisting yarns and textile products.
Peers
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Hmm, looks like data is unavailable here. Please come back after some timeIncome
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 13.49 | 21.95 | 36.42 | 21.12 | 22.72 | 31.89 | 20.61 | 30.18 | 42.26 | |||||||||
Raw Materials | 7.75 | 13.13 | 22.73 | 11.97 | 11.28 | 19.60 | 11.08 | 15.88 | 35.94 | |||||||||
| Power & Fuel Cost | 0.10 | 0.13 | 0.19 | 0.19 | 0.20 | 0.28 | 0.24 | 0.32 | ||||||||||
| Employee Cost | 1.17 | 1.98 | 2.48 | 2.78 | 2.68 | 3.89 | 3.37 | 3.69 | ||||||||||
| Selling & Administrative Expenses | 2.24 | 2.50 | 4.03 | 4.09 | 2.62 | 4.34 | 3.09 | 3.31 | ||||||||||
| Operating & Other expenses | 0.49 | 0.50 | -0.08 | 0.88 | 2.36 | -1.23 | 3.02 | 3.99 | ||||||||||
EBITDA | 1.74 | 3.71 | 7.07 | 1.21 | 3.58 | 5.01 | -0.19 | 2.99 | 6.32 | |||||||||
| Depreciation/Amortization | 0.25 | 0.30 | 0.38 | 0.43 | 0.69 | 1.02 | 1.09 | 1.24 | 1.26 | |||||||||
| PBIT | 1.49 | 3.41 | 6.69 | 0.78 | 2.89 | 3.99 | -1.28 | 1.75 | 5.06 | |||||||||
| Interest & Other Items | 0.03 | 0.04 | 0.08 | 0.03 | 0.03 | 0.22 | 0.10 | 0.11 | 0.17 | |||||||||
| PBT | 1.46 | 3.37 | 6.61 | 0.75 | 2.86 | 3.77 | -1.38 | 1.64 | 4.89 | |||||||||
| Taxes & Other Items | 0.40 | 0.88 | 1.68 | 0.23 | 0.72 | 1.11 | 0.00 | 0.18 | 0.75 | |||||||||
| Net Income | 1.06 | 2.49 | 4.93 | 0.52 | 2.14 | 2.66 | -1.38 | 1.46 | 4.14 | |||||||||
| EPS | 0.65 | 1.93 | 5.23 | 0.52 | 2.00 | 2.49 | -1.29 | 1.37 | 3.88 | |||||||||
| DPS | 0.42 | 0.92 | 1.25 | 1.00 | 1.20 | 0.50 | 0.00 | 0.00 | 0.50 | |||||||||
| Payout ratio | 0.64 | 0.48 | 0.24 | 1.93 | 0.60 | 0.20 | 0.00 | 0.00 | 0.13 |
Company Updates
Annual report
PDFAnnual report
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PDFPeers & Comparison
IndustrialsIndustrial Machinery
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Meera Industries Ltd | 48.69 | 2.71 | — |
| Cummins India Ltd | 45.29 | 11.78 | 1.35% |
| Thermax Limited | 55.54 | 8.07 | 0.38% |
| AIA Engineering Ltd | 29.10 | 4.96 | 0.46% |
Price Comparison
Compare MEERA with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 2.79%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 8.45%
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Shareholding History
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
Cash Dividend
Ex DateEx DateFeb 21, 2025
Dividend/Share
₹0.50
Ex DateEx Date
Feb 21, 2025
Past Dividends
Cash Dividend
Ex DateEx DateAug 23, 2024
Dividend/Share
₹0.50
Ex DateEx Date
Aug 23, 2024
Cash Dividend
Ex DateEx DateFeb 25, 2022
Dividend/Share
₹0.50
Ex DateEx Date
Feb 25, 2022
Cash Dividend
Ex DateEx DateSep 23, 2021
Dividend/Share
₹0.70
Ex DateEx Date
Sep 23, 2021
Cash Dividend
Ex DateEx DateNov 19, 2020
Dividend/Share
₹0.50
Ex DateEx Date
Nov 19, 2020
Cash Dividend
Ex DateEx DateNov 25, 2019
Dividend/Share
₹1.00
Ex DateEx Date
Nov 25, 2019
Meera Industries announced that the Board of Directors of the Company at its meeting held on 11 February 2025, has recommended a Second Interim dividend of Rs.0.50 per share (i.e.5%), subject to the approval of the shareholders.Powered by Capital Market - Live
Net profit of Meera Industries rose 191.30% to Rs 1.34 crore in the quarter ended December 2024 as against Rs 0.46 crore during the previous quarter ended December 2023. Sales rose 52.96% to Rs 11.64 crore in the quarter ended December 2024 as against Rs 7.61 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales11.647.61 53 OPM %17.7811.17 - PBDT2.060.84 145 PBT1.750.54 224 NP1.340.46 191 Powered by Capital Market - Live
Meera Industries will hold a meeting of the Board of Directors of the Company on 11 February 2025.Powered by Capital Market - Live
Meera Industries announced that it has secured a domestic order worth Rs 2.60 crore from Ganesh Ecopet for high bulk carpet yarn manufacturing solutions. This achievement underscores MEERA's near-monopoly market share in the Indian carpet yarn sector, where the company is the trusted partner of virtually all major carpet yarn manufacturers.Powered by Capital Market - Live
Meera Industries will hold a meeting of the Board of Directors of the Company on 23 December 2024.Powered by Capital Market - Live
Net profit of Meera Industries rose 303.13% to Rs 1.29 crore in the quarter ended September 2024 as against Rs 0.32 crore during the previous quarter ended September 2023. Sales rose 60.53% to Rs 10.90 crore in the quarter ended September 2024 as against Rs 6.79 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales10.906.79 61 OPM %17.809.87 - PBDT1.960.64 206 PBT1.630.33 394 NP1.290.32 303 Powered by Capital Market - Live
Meera Industries will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live
Meera Industries announced that it has secured a significant domestic order from DNH Spinners. The order, valued at Rs 5.58 crore, underscores MEERA's dominant market position in the Indian carpet yarn sector, where the company continues to maintain a near-monopoly status. This order includes the MEERABAH Bulking and Heat Setting Machine, along with the company's renowned carpet cabler and winding machines. These machines are known for their exceptional productivity, robust construction, and energy efficiency, meeting the stringent demands of high-volume carpet yarn manufacturing.Powered by Capital Market - Live
Mukta Arts Ltd, Medicamen Biotech Ltd, Sarthak Metals Ltd and Bhakti Gems & Jewellery Ltd are among the other gainers in the BSE's 'B' group today, 25 September 2024.Meera Industries Ltd soared 20.00% to Rs 89.46 at 12:03 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 1.88 lakh shares were traded on the counter so far as against the average daily volumes of 41141 shares in the past one month. Mukta Arts Ltd surged 20.00% to Rs 97.09. The stock was the second biggest gainer in 'B' group. On the BSE, 60416 shares were traded on the counter so far as against the average daily volumes of 4211 shares in the past one month. Medicamen Biotech Ltd spiked 19.40% to Rs 534.75. The stock was the third biggest gainer in 'B' group. On the BSE, 55470 shares were traded on the counter so far as against the average daily volumes of 4942 shares in the past one month. Sarthak Metals Ltd jumped 18.39% to Rs 198.9. The stock was the fourth biggest gainer in 'B' group. On the BSE, 62577 shares were traded on the counter so far as against the average daily volumes of 4039 shares in the past one month. Bhakti Gems & Jewellery Ltd exploded 17.09% to Rs 21.03. The stock was the fifth biggest gainer in 'B' group. On the BSE, 2.16 lakh shares were traded on the counter so far as against the average daily volumes of 35533 shares in the past one month. Powered by Capital Market - Live
Meera Industries announced that the 18th Annual General Meeting (AGM) of the company will be held on 28 September 2024.Powered by Capital Market - Live
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of -3.69%, vs industry avg of 10.61%
Decreasing Market Share
Over the last 5 years, market share decreased from 0.05% to 0.02%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of -21.6%, vs industry avg of 23.23%