Le Merite ExportsNSE:LEMERITE -3.15%63 Net Margin % is 1.06% as of Mar. 2026, which is 22% below its 10-year median of 1.36. GuruFocus rates NSE:LEMERITE with a GF Score™ of 63/100 and a GF Value™ of ₹33.94 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,042 Manufacturing - Apparel & Accessories companies, Le Merite Exports ranks worse than 55.57% on this metric.
The historical rank and industry rank for Le Merite Exports's Net Margin % or its related term are showing as below:
NSE:LEMERITE'
s Net Margin % Range Over the Past 10 Years
Min: 0.39 Med: 1.36 Max: 4.17
Current: 1.96
NSE:LEMERITE's Net Margin % is ranked worse than 55.57% of 1042
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.62
vs NSE:LEMERITE: 1.96
Le Merite Exports (NSE:LEMERITE) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Le Merite Exports Net Margin % Related Terms
Le Merite Exports Net Margin % Historical Data
* Premium members only.
The historical data trend for Le Merite Exports's Net Margin % 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 Net Margin % Competitor Comparison
For the Textile Manufacturing subindustry, Le Merite Exports's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Le Merite Exports's Net Margin % distribution charts can be found below:
* The bar in red indicates where Le Merite Exports's Net Margin % falls into.
* 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 (NSE:LEMERITE) has a Net Margin % of 1.06% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Le Merite Exports and its competitors. This is 22% below median its historical median of 1.36. Over the past decade, Le Merite Exports' Net Margin % has ranged from 0.39 to 4.17. According to the industry distribution chart, Le Merite Exports ranks #579 out of 1042 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 55.6%.
Is Le Merite Exports' Net Margin % too high?
Le Merite Exports' current Net Margin % of 1.06% is 22% below median its 10-year median of 1.36. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 4.17. The Manufacturing - Apparel & Accessories industry median Net Margin % is 2.62. Le Merite Exports' value of 1.06% is 59.5% below this industry median. Based on the distribution chart, Le Merite Exports ranks #579 out of 1042 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Le Merite Exports has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Le Merite Exports' Net Margin % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Le Merite Exports ranks #579 out of 1042 companies for Net Margin %. This places Le Merite Exports in the lower half of its industry. The industry median Net Margin % is 2.62. Le Merite Exports' value of 1.06% is 59.5% below this benchmark. Historically, Le Merite Exports' own Net Margin % has ranged from 0.39 to 4.17 over the past decade. While the company's 10-year median is 1.36 vs. the industry median of 2.62, Le Merite Exports has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Manufacturing - Apparel & Accessories company?
The median Net Margin % among Manufacturing - Apparel & Accessories companies is 2.62, based on 1,042 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Le Merite Exports's current Net Margin % of 1.06% is 59.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Le Merite Exports and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Net Margin % is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Le Merite Exports's current Net Margin % is 1.06%, which is 22% below median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Le Merite Exports stock overvalued right now?
Based on GuruFocus' analysis, Le Merite Exports (NSE:LEMERITE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹33.94, compared to a current price of ₹24.28 — trading 28.5% below its estimated fair value. The current Net Margin % is 1.06%, which is 22% below median its 10-year median of 1.36 and 59.5% below the Manufacturing - Apparel & Accessories industry median of 2.62. Le Merite Exports' overall GF Score™ is 63/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Le Merite Exports (NSE:LEMERITE), the current Net Margin % is 1.06% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
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 ₹24.28 is trading 28.5% below its estimated GF Value™ of ₹33.94.
GuruFocus considers Le Merite Exports to be Modestly Undervalued.
Key valuation signals for NSE:LEMERITE:
Net Margin %: 1.06% (22% below median its 10-year median of 1.36)
GF Value™: ₹33.94 vs. price of ₹24.28 (28.5% below fair value)
Industry Position: 59.5% below the Manufacturing - Apparel & Accessories median (#579 of 1042)
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 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.
63GF Score
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