Le Merite Exports (NSE:LEMERITE) Debt-to-Equity: N/A (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:LEMERITE Le Merite Exports Ltd NSE:LEMERITE
61 GF Score
Price ₹21.11
GF Value ₹33.60
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Le Merite Exports Debt-to-Equity?

Le Merite Exports's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₹0 Mil. Le Merite Exports's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₹0 Mil. Le Merite Exports's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ₹0 Mil.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Le Merite Exports's Debt-to-Equity or its related term are showing as below:

NSE:LEMERITE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42   Med: 1.03   Max: 2.67
Current: 0.67

During the past 8 years, the highest Debt-to-Equity Ratio of Le Merite Exports was 2.67. The lowest was 0.42. And the median was 1.03.

NSE:LEMERITE's Debt-to-Equity is ranked worse than
65.2% of 931 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.41 vs NSE:LEMERITE: 0.67

Le Merite Exports  (NSE:LEMERITE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Le Merite Exports Debt-to-Equity Related Terms

Le Merite Exports Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Le Merite Exports's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Le Merite Exports Debt-to-Equity Chart

Le Merite Exports Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial 2.20 0.92 0.98 0.90 0.67

Le Merite Exports Quarterly Data
Mar19 Mar20 Mar21 Dec21 Mar22 Sep22 Mar23 Sep23 Mar24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A 0.65 N/A 0.67 N/A

Le Merite Exports Debt-to-Equity Competitor Comparison

For the Textile Manufacturing subindustry, Le Merite Exports's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Le Merite Exports Debt-to-Equity vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Le Merite Exports's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Le Merite Exports's Debt-to-Equity falls into.


NSE:LEMERITE
61GF Score
Le Merite Exports Ltd NSE:LEMERITE
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Le Merite Exports Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Le Merite Exports's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(839.836 + 64.807) / 1349.312
=0.67

Le Merite Exports's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0 + 0) / 0
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Is Le Merite Exports (NSE:LEMERITE) Overvalued in 2026?

Based on GuruFocus' analysis, Le Merite Exports stock appears to be undervalued. The current stock price of ₹21.11 is trading 37.2% below its estimated GF Value™ of ₹33.60. GuruFocus considers Le Merite Exports to be Significantly Undervalued.

Key valuation signals for NSE:LEMERITE:

  • Debt-to-Equity: N/A
  • GF Value™: ₹33.60 vs. price of ₹21.11 (37.2% below fair value)
  • GF Score™: 61/100 with 5 warning signs

No single metric tells the full story. See the NSE:LEMERITE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Le Merite Exports Business Description

Address 1 st Floor, Chandivali Farm Road, B1-104D, Boomerang, Powai, Andheri- East, Mumbai, MH, IND, 400072
Le Merite Exports Ltd is engaged in the manufacturing and trading of textile products namely cotton yarn, greige fabric, and finished fabric for domestic and export sales. The reportable segment for the Company is textile business.
61GF Score

Get the complete analysis for NSE:LEMERITE

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹21.11
Price
₹33.60
GF Value