Le Merite Exports (NSE:LEMERITE) ROCE %: 7.70% (As of Mar. 2026)


NSE:LEMERITE Le Merite Exports Ltd NSE:LEMERITE
63 GF Score
Price ₹24.28
GF Value ₹33.94
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Le Merite Exports ROCE %?

Le Merite Exports NSE:LEMERITE -3.15% 63 ROCE % is 7.70% as of Mar. 2026. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Le Merite Exports's annualized ROCE % for the quarter that ended in Mar. 2026 was 7.70%.

Le Merite Exports  (NSE:LEMERITE) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Le Merite Exports ROCE % Related Terms

Le Merite Exports ROCE % Historical Data

* Premium members only.

The historical data trend for Le Merite Exports's ROCE % 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 ROCE % Chart

Le Merite Exports Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial 86.22 11.55 9.54 15.08 16.41

Le Merite Exports Quarterly Data
Mar19 Mar20 Mar21 Dec21 Mar22 Sep22 Mar23 Sep23 Mar24 Dec24 Mar25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.11 18.45 0.00 12.67 7.70
NSE:LEMERITE
63GF Score
Le Merite Exports Ltd NSE:LEMERITE
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Le Merite Exports ROCE % Calculation

Le Merite Exports's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=219.373/( ( (2378.015 - 1121.289) + (2587.079 - 1169.596) )/ 2 )
=219.373/( (1256.726+1417.483)/ 2 )
=219.373/1337.1045
=16.41 %

Le Merite Exports's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=109.108/( ( (0 - 0) + (2587.079 - 1169.596) )/ 1 )
=109.108/( ( 0 + 1417.483 )/ 1 )
=109.108/1417.483
=7.70 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 7.70% mean?
Le Merite Exports (NSE:LEMERITE) has a ROCE % of 7.70% as of Mar. 2026.
Is Le Merite Exports' ROCE % too high?
Le Merite Exports' current ROCE % is 7.70%. The Manufacturing - Apparel & Accessories industry median ROCE % is 6.14. Le Merite Exports' value of 7.70% is 25.5% above this industry median. 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' ROCE % compare to competitors?
Le Merite Exports' ROCE % of 7.70% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.14. Le Merite Exports' value of 7.70% is 25.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Manufacturing - Apparel & Accessories company?
The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.14, based on 1,040 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Le Merite Exports's current ROCE % of 7.70% is 25.5% above 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Le Merite Exports's current ROCE % is 7.70%. 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 ROCE % is 7.70% and 25.5% above the Manufacturing - Apparel & Accessories industry median of 6.14. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Le Merite Exports (NSE:LEMERITE), the current ROCE % is 7.70% 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:

  • ROCE %: 7.70%
  • GF Value™: ₹33.94 vs. price of ₹24.28 (28.5% below fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 25.5% above the Manufacturing - Apparel & Accessories median

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.
63GF Score

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

₹24.28
Price
₹33.94
GF Value