Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹56 Cr.
Stock P/E
56.4
P/B
1.8
Current Price
₹26
Book Value
₹ 14.3
Face Value
5
52W High
₹68
52W Low
₹ 25.5
Dividend Yield
0.96%

Meera Industries Overview

Business

Meera Industries Ltd. is an Indian company engaged in the manufacturing and selling of textile machinery. Its core business revolves around producing specialized machines for the textile industry, primarily focusing on twisting, winding, and reeling applications. The company manufactures a range of products including Two-for-One (TFO) twisters, precision cone winding machines, assembly winders, and reeling machines. These machines are crucial for processing various yarns, including synthetic, natural, and technical textile yarns. Meera Industries generates revenue by selling these machines to yarn and textile manufacturers, both in domestic and international markets, catering to their production and modernization needs.

Revenue Mix

Meera Industries' primary business is centered around the manufacturing and sale of textile processing machinery. While a detailed revenue breakdown by specific machine type is not consistently available in public disclosures, the company essentially operates within a single segment: "Manufacturing of Textile Machinery." Revenue is derived from sales of its diverse product portfolio, with contributions from both domestic sales to Indian textile mills and exports to other countries. The company frequently highlights its focus on precision machinery for synthetic and technical textile yarns, indicating these as significant product areas.

Industry

Meera Industries operates in the Textile Machinery manufacturing industry, which is a sub-sector of the broader Textile industry. This industry is critical for the modernization and expansion of textile manufacturing units. The Indian textile machinery market is competitive, comprising both domestic manufacturers and international players who import advanced machinery. Meera Industries positions itself as a specialist in yarn processing machinery, particularly known for its Two-for-One (TFO) twisters and precision winding machines. While not a dominant player across all textile machinery categories, it holds a niche presence in its specific product lines, often competing with other Indian manufacturers and selective imported machinery in its segment. The industry is sensitive to capital expenditure cycles of textile mills.

MOAT

Meera Industries' competitive advantages are likely derived from:

Specialization & Technology: Focus on specific, critical processes like twisting and winding allows for deeper expertise and tailored solutions. They often emphasize their in-house R&D and machine capabilities for various yarn types.

Cost-effectiveness (for domestic market): As an Indian manufacturer, they can potentially offer more competitive pricing and better service/spare parts availability compared to certain high-end imported machinery, especially for mid-tier textile units.

Customer Relationships & Customization: Building long-term relationships with textile manufacturers and offering machines tailored to specific yarn types and production requirements can create customer stickiness.

Experience: Years of operation in the sector contribute to product refinement and process understanding.

Growth Drivers

Government Initiatives for Textile Sector: Schemes like the Production Linked Incentive (PLI) scheme for textiles and PM MITRA parks aim to boost investment and capacity expansion in the Indian textile industry, directly increasing demand for textile machinery.

Modernization & Automation: Indian textile mills are continuously investing in upgrading their technology to improve efficiency, quality, and competitiveness, driving demand for advanced machines.

Growth in Technical Textiles: The increasing global and domestic demand for technical textiles (e.g., for automotive, medical, industrial applications) requires specialized machinery, a segment Meera Industries often targets.

Export Opportunities: Growing textile production in other developing economies and the global shift in textile manufacturing can open up export markets for Indian machinery manufacturers.

Innovation & Product Development: Introduction of new, more efficient, and versatile machines can drive market share.

Risks

Cyclicality of Textile Industry: Demand for textile machinery is directly linked to the capital expenditure cycles of textile manufacturers, making it susceptible to economic downturns, changes in consumer spending, and fashion trends.

Intense Competition: The industry faces competition from both domestic players and international manufacturers, some of whom offer technologically advanced or cheaper alternatives.

Technological Obsolescence: Rapid advancements in textile technology necessitate continuous R&D investment to remain competitive, posing a risk if the company fails to innovate.

Raw Material Price Volatility: Fluctuations in the prices of steel, components, and other raw materials can impact production costs and margins.

Forex Fluctuations: If the company has significant imports of components or exports of machinery, currency exchange rate volatility can affect profitability.

Dependency on Textile Sector Health: Any major policy changes, trade disputes, or downturns affecting the broader textile industry directly impact Meera Industries.

Management & Ownership

Meera Industries Ltd. is promoted by the Tanawala family, with Mr. Dhruv Tanawala being a key figure in the management team, serving as the Chairman and Managing Director. Promoter holding is typically significant in Indian family-owned businesses like Meera Industries, indicating aligned interests with the company's long-term success. The management's focus has been on specialized machinery and catering to the evolving needs of the textile sector. Details on specific ownership percentages would be found in public filings (e.g., BSE shareholding patterns).

Outlook

Meera Industries is positioned within a crucial segment of the Indian textile industry, poised to benefit from the government's renewed focus on boosting domestic textile manufacturing and exports, especially in technical textiles. The ongoing modernization drive by textile mills also presents a consistent demand for advanced machinery. However, the company operates in a competitive and cyclical industry, vulnerable to economic downturns and rapid technological changes. Its ability to continuously innovate, manage raw material costs, and maintain strong customer relationships while expanding its market reach, particularly in export markets and specialized segments like technical textiles, will be key to its sustained performance.

Meera Industries Share Price

Live · BSE · Inception: 2006
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Meera Industries Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 10 10 11 12 7 11 10 9 9 12
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 10 10 11 12 8 11 10 9 9 13
Total Expenditure 9 9 9 10 7 9 8 8 9 11
Operating Profit 1 1 2 2 1 2 1 1 -0 2
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 2 2 0 1 1 0 -1 1
Provision for Tax -0 0 0 0 0 0 0 -0 -0 0
Profit After Tax 1 1 1 1 0 1 1 0 -1 1
Adjustments 0 0 0 0 0 -0 0 0 0 0
Profit After Adjustments 1 1 1 1 0 1 1 0 -1 1
Adjusted Earnings Per Share 0.3 0.4 0.6 0.6 0.1 0.4 0.2 0.1 -0.3 0.3

Meera Industries Profit & Loss

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 13 21 36 20 22 32 20 30 40 38 40
Other Income 0 0 1 1 0 0 0 0 0 1 0
Total Income 13 22 36 21 23 32 21 30 40 39 41
Total Expenditure 12 18 29 20 19 27 21 27 34 35 36
Operating Profit 2 4 7 1 4 5 -0 3 6 4 4
Interest 0 0 0 0 0 0 0 0 0 1 0
Depreciation 0 0 0 0 1 1 1 1 1 2 0
Exceptional Income / Expenses 0 -0 -0 -0 0 0 0 0 0 0 0
Profit Before Tax 1 3 7 1 3 4 -1 2 5 1 1
Provision for Tax 0 1 2 0 1 1 -0 0 1 0 0
Profit After Tax 1 2 5 1 2 3 -1 1 4 1 1
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 2 5 1 2 3 -1 1 4 1 1
Adjusted Earnings Per Share 0.8 1.3 2.6 0.2 1 1.3 -0.6 0.7 1.7 0.5 0.3

Meera Industries Balance Sheet

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 4 9 14 23 25 26 25 26 29 30
Minority's Interest 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 3 4 4
Other Non-Current Liabilities 0 0 0 0 0 2 1 1 1 1
Total Current Liabilities 4 5 7 6 8 9 10 7 9 11
Total Liabilities 8 15 22 30 33 36 36 37 44 46
Fixed Assets 2 3 5 10 13 16 19 19 18 25
Other Non-Current Assets 0 0 1 6 1 3 1 1 10 4
Total Current Assets 6 11 16 15 20 17 16 18 16 17
Total Assets 8 15 22 30 33 36 36 37 44 46

Meera Industries Cash Flow

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 2 2 3 3 1 2 1 1 1 0
Cash Flow from Operating Activities 0 -1 2 -6 7 3 2 -1 5 6
Cash Flow from Investing Activities -0 -1 -2 -5 -5 -3 -2 -1 -9 -3
Cash Flow from Financing Activities 0 3 -1 9 -1 -2 -0 3 3 -3
Net Cash Inflow / Outflow 0 1 -0 -2 2 -1 -0 1 -0 1
Closing Cash & Cash Equivalent 2 3 3 1 2 1 1 2 0 1

Meera Industries Ratios

# Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 0.78 1.31 2.61 0.24 1.01 1.25 -0.64 0.68 1.74 0.46
CEPS(Rs) 0.96 1.47 2.81 0.44 1.33 1.73 -0.13 1.27 2.34 1.29
DPS(Rs) 0.21 0.46 0.63 0.5 0.35 0.25 0 0 0.5 0.25
Book NAV/Share(Rs) 2.75 4.79 7.39 10.94 11.6 12.24 11.61 12.29 13.65 14
Core EBITDA Margin(%) 10.76 15.12 17.58 1.82 14.35 15.1 -2.36 9.8 14.53 7.54
EBIT Margin(%) 11.38 15.8 18.78 3.87 12.93 12.6 -6.25 5.81 12.16 5.2
Pre Tax Margin(%) 11.11 15.59 18.55 3.69 12.8 11.91 -6.76 5.46 11.6 3
PAT Margin (%) 8.08 11.49 13.82 2.57 9.6 8.43 -6.75 4.85 9.34 2.6
Cash Profit Margin (%) 10.01 12.88 14.88 4.67 12.68 11.65 -1.38 8.97 12.52 7.3
ROA(%) 13.44 21.88 27.08 2.03 6.81 7.64 -3.77 3.96 9.18 2.2
ROE(%) 28.31 38.62 42.8 2.8 8.92 10.49 -5.39 5.73 13.43 3.33
ROCE(%) 39.81 51.96 57.49 4.2 12.01 15.68 -4.99 6.43 14.55 5.41
Receivable days 27.58 36.52 34.46 47.28 48.23 42.08 51.78 29.77 39.97 52.79
Inventory Days 34.14 36.61 49.95 135.42 137.78 106.12 184.71 121.5 78.71 82.94
Payable days 85.24 63.82 65.06 135.37 124.34 105.84 165.93 94.39 47.61 74.67
PER(x) 0 31.97 16.3 91.36 34.82 39.83 0 31.96 16.12 89.21
Price/Book(x) 0 8.74 5.75 2.04 3.02 4.07 1.54 1.78 2.06 2.94
Dividend Yield(%) 0 1.09 1.47 2.24 1 0.5 0 0 1.78 0.61
EV/Net Sales(x) 0.05 3.54 2.16 2.3 3.19 3.33 1.85 1.61 1.69 2.45
EV/Core EBITDA(x) 0.37 20.58 10.86 38.04 19.93 21.06 -209.25 16.23 11.02 24.76
Net Sales Growth(%) 0 63.4 65.56 -43.16 10.5 41.66 -35.77 48.21 32.2 -5.06
EBIT Growth(%) 0 126.7 96.77 -88.27 268.7 38.06 -131.86 237.8 176.54 -59.38
PAT Growth(%) 0 132.26 99.09 -89.4 311.78 24.41 -151.39 206.46 154.74 -73.56
EPS Growth(%) 0 68.39 99.08 -90.64 311.75 24.4 -151.39 206.47 154.73 -73.56
Debt/Equity(x) 0 0.03 0 0 0 0 0 0.13 0.27 0.2
Current Ratio(x) 1.5 2.15 2.11 2.45 2.38 2.02 1.58 2.49 1.72 1.47
Quick Ratio(x) 1.19 1.57 1.22 1.04 1.35 0.87 0.53 1.17 0.86 0.65
Interest Cover(x) 41.35 75 81.14 21.9 93.85 18.22 -12.24 16.35 21.8 2.36
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0.07 0.13 0.07

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -5% +24% +12% —
Operating Profit CAGR -33% — 0% —
PAT CAGR -75% — -13% —
Share Price CAGR -21% +11% -6% —
ROE Average +3% +8% +6% +15%
ROCE Average +5% +9% +7% +20%

Meera Industries Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 61.69 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 38.31 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 64.1964.1961.461.461.461.6961.6961.6961.6961.69
FII 0000000000
DII 0000000000
Public 35.8135.8138.638.638.638.3138.3138.3138.3138.31
Others 0000000000
Total 100100100100100100100100100100

Meera Industries Peer Comparison

Textile - Machinery Edit Columns

Meera Industries Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Meera Industries Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 8% over the last 3 years.
  • Debtor days have increased from 47.61 to 74.67days.
  • The company has delivered a poor profit growth of -12% over past five years.
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