Meera Industries Ltd.
Snapshot View

95.45 +0.40 ▲0.4%

18 May 2022, 04:01:00 PM
Volume: 4,447

Overview View Details

Sector Textile Compare with Sector peers
Industry Textile - Machinery Compare with Industry peers
Website http://www.meeraind.com
Market Cap 101.93 Cr.
Enterprise Value(EV) 98.48 Cr. 2021-03
Financial Indicators
Earnings per share (EPS) 2.08 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 45.85 Trailing Twelve Months Ending 2021-03
Industry PE 46.47 Trailing Twelve Months Ending 2021-03
Book Value / Share 24.45 Trailing Twelve Months Ending 2021-03
Price to Book Value 3.90 Calculated using Price: 95.45
Dividend Yield 0.73 Period Ending 2021-03
No. of Shares Subscribed 1.07 Cr. 10,678,796 Shares
FaceValue 10
Company Profile

The company was originally incorporated as Meera Industries Private Limited on July 05, 2006 with the Registrar of Companies, Gujarat, Dadra and Nagar Havelli as a private limited company under the provisions of the Companies Act, 1956. Subsequently the company was converted into public limited Company pursuant to shareholders resolution passed at the Extra-Ordinary General Meeting held on February 25, 2017 and the name of the company was changed to Meera Industries Limited. A fresh certificate of incorporation consequent upon conversion to public limited Company was issued by the Registrar of Companies, Ahmedabad on March 09, 2017. Its promoters, Dharmesh V. Desai and Bijal D. Desai founded the company in the year 2006 and have been in the business and industry for 19 and 11 years, respectively.

It caters to the domestic market as well as Exports the products to continents like America, South America, Africa, Europe and Asia and major countries like Germany, Spain, Turkey, Thailand, Belgium, USA etc. It is capable of manufacturing both standardized as well as customized products based on the customer’s specific requirement. The company’s products are sold under the brand name “MEERA”. The company is manufacturing and delivering quality products and providing prompt sales service to build enduring relationship with its customers.

The company’s manufacturing unit is located at Surat, Gujarat and is spread over an area admeasuring around 7,882 square meters (approximately). Its unit is well equipped with wide range of machineries and other handling equipment to facilitate smooth manufacturing process using globally adopted manufacturing SAP-ERP tool. It has in-house testing laboratory to test the products as per quality standards. All the incoming materials are tested before and the final product has to pass a quality test to ensure that the final product is of the requisite quality and standard.

Business area of the company

The company is engaged in the manufacturing of Yarn Twisting, Winding and Heat-Setting Machine for textile industries. All the machines are stringently tested at its in-house quality management unit to ensure the flawless performance of the machines.

 

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+0.42%
1 Week
+7.31%
1 Month
-4.98%
3 Month
-7.69%
6 Month
+17.77%
1 Year
+27.52%
2 Year
+103.09%
5 Year
+573.61%
10 Year
5 years 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 28.31 38.62 42.80 2.79 9.19
Return on Capital Employed (%) 39.81 51.96 57.49 4.20 12.19
Return on Assets (%) 13.44 21.88 27.08 2.03 7.03

Balance Sheet View Details

Particulars 5 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 4 9 14 23 25
Non Curr. Liab. 0 0 0 0 0
Curr. Liab. 4 5 7 6 8
Minority Int.
Equity & Liab. 8 15 22 30 34
Non Curr. Assets 2 3 6 15 15
Curr. Assets 6 11 16 15 19
Misc. Exp. not W/O
Total Assets 8 15 22 30 34

Profit Loss View Details

Particulars 5 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Net Sales 13 21 36 20 22
Other Income 0 0 1 1 0
Total Income 13 22 36 21 23
Total Expenditure -12 -18 -29 -20 -19
PBIDT 2 4 7 1 4
Interest 0 0 0 0 0
Depreciation 0 0 0 0 -1
Taxation 0 -1 -2 0 -1
Exceptional Items 0 0 0
PAT 1 2 5 1 2
Minority Interest
Share Associate
Other Related Items
Consolidated Net Profit 1 2 5 1 2
Adjusted EPS 2 3 5 0 2

Cash Flow View Details

Particulars 5 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 0 -1 2 -6 7
Cash Fr. Inv. 0 -1 -2 -5 -5
Cash Fr. Finan. 0 3 -1 9 -1
Net Change 0 1 0 -2 2
Cash & Cash Eqvt 2 3 3 1 3

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 63.86 63.86 63.86 63.86 64.18 64.19 64.19 64.19 64.19
Public 36.14 36.14 36.14 36.14 35.82 35.81 35.81 35.81 35.81
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Thu, 28 Apr 2022
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1Name of CompayMeera Industries Ltd
2CINL29298GJ2006PLC048627
3 Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr) 0.00
4Highest Credit Rating during the previous FY NA
4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)Not Applicable
5Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the frameworkBSE


We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No



Name of the Company Secretary: Bhavisha Kunal Chauhan
Designation: Company Secretary and Compliance officer
EmailId: CS@meeraind.com
Name of the Chief Financial Officer: Vinod Ojha
Designation: CFO
EmailId: Finance@meeraind.com

Date: 28/04/2022

Note: In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
Wed, 27 Apr 2022
Compliance Certificate Under Regulation 7 (3) For The Period Ended March 2022.
Compliance Certificate under Regulation 7 (3) for the period ended March 2022.
Wed, 27 Apr 2022
Compliance Certificate Under Regulation 7 (3) For The Period Ended March 2022.
Compliance Certificate under Regulation 7 (3) for the period ended March 2022.

Technical Scans View Details

Wed, 18 May 2022
High Increase 2 Years High Increase 2 Years
High Increase 5 Years High Increase 5 Years
50 SMA Crossing 100 SMA From Above 50 SMA Crossing 100 SMA From Above
Closing Near 20 SMA Closing Near 20 SMA
CCI Trending Up CCI Trending Up

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