Meera Industries (MEERA) | Financial Analysis & Statements
Meera Industries Ltd. Small-cap Industrials
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
88.0M
Gross Profit
26.4M
30.00%
Operating Income
1.6M
1.82%
Net Income
2.9M
3.34%
EPS (Diluted)
₹0.12
Balance Sheet Metrics
Total Assets
432.5M
Total Liabilities
141.0M
Shareholders Equity
291.5M
Debt to Equity
0.48
Cash Flow Metrics
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Meera Industries Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 394.3M | 299.2M | 199.9M | 310.2M | 220.4M |
| Cost of Goods Sold | 260.2M | 198.1M | 139.9M | 184.0M | 126.1M |
| Gross Profit | 134.1M | 101.1M | 60.0M | 126.1M | 94.4M |
| Gross Margin % | 34.0% | 33.8% | 30.0% | 40.7% | 42.8% |
| Operating Expenses | |||||
| Research & Development | 2.2M | 4.2M | 3.0M | 3.3M | 3.8M |
| Selling, General & Administrative | 31.5M | 25.4M | 23.8M | 29.1M | 11.2M |
| Other Operating Expenses | -377.0K | 53.9M | 5.4M | 4.6M | 8.6M |
| Total Operating Expenses | 33.4M | 83.4M | 32.2M | 37.0M | 23.6M |
| Operating Income | 44.8M | 17.5M | -15.3M | 39.6M | 26.3M |
| Operating Margin % | 11.4% | 5.9% | -7.7% | 12.8% | 11.9% |
| Non-Operating Items | |||||
| Interest Income | 811.0K | 238.0K | 39.0K | 476.0K | 486.0K |
| Interest Expense | 1.8M | 641.0K | 832.0K | 2.0M | 308.0K |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 46.2M | 16.5M | -13.8M | 37.7M | 28.6M |
| Income Tax | 9.0M | 1.8M | -31.0K | 11.0M | 7.1M |
| Effective Tax Rate % | 19.5% | 11.2% | 0.0% | 29.2% | 24.9% |
| Net Income | 37.2M | 14.6M | -13.7M | 26.7M | 21.5M |
| Net Margin % | 9.4% | 4.9% | -6.9% | 8.6% | 9.7% |
| Key Metrics | |||||
| EBITDA | 60.6M | 29.6M | -2.3M | 51.7M | 36.8M |
| EPS (Basic) | ₹1.75 | ₹1.37 | ₹-1.29 | ₹2.50 | ₹2.01 |
| EPS (Diluted) | ₹1.75 | ₹1.37 | ₹-1.29 | ₹2.50 | ₹2.01 |
| Basic Shares Outstanding | 21357592 | 10664234 | 10637984 | 10683200 | 10678796 |
| Diluted Shares Outstanding | 21357592 | 10664234 | 10637984 | 10683200 | 10678796 |
Income Statement Trend
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Meera Industries Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 4.3M | 8.0M | 5.2M | 9.1M | 22.3M |
| Short-term Investments | 12.8M | 7.0M | 423.0K | 1.0M | 13.1M |
| Accounts Receivable | 63.5M | 23.6M | 25.4M | 32.3M | 40.7M |
| Inventory | 77.9M | 94.0M | 106.7M | 99.2M | 84.9M |
| Other Current Assets | 1.0K | 1.0K | 1.0K | -1.0K | 50.0K |
| Total Current Assets | 165.2M | 177.5M | 154.6M | 170.3M | 190.1M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 18.6M | 3.1M | 3.0M | 1.6M | 1.6M |
| Goodwill | 918.0K | 1.2M | 1.4M | 1.8M | 2.2M |
| Intangible Assets | 918.0K | 1.2M | 1.4M | 1.8M | 2.2M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | - | 124.0K | 127.0K | 1.0K | -129.2M |
| Total Non-Current Assets | 267.3M | 197.2M | 202.5M | 189.5M | 138.1M |
| Total Assets | 432.5M | 374.7M | 357.1M | 359.8M | 328.2M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 33.7M | 28.5M | 63.1M | 50.0M | 46.5M |
| Short-term Debt | 38.8M | 10.0M | 2.9M | 2.4M | 0 |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 51.0K | 48.0K | 1.0K | 12.6M | 50.0K |
| Total Current Liabilities | 87.3M | 71.2M | 95.9M | 82.0M | 76.4M |
| Non-Current Liabilities | |||||
| Long-term Debt | 43.3M | 31.5M | 7.2M | 10.1M | 0 |
| Deferred Tax Liabilities | 7.7M | 6.9M | 5.0M | 4.9M | 3.4M |
| Other Non-Current Liabilities | 995.0K | 201.0K | 1.0K | - | 1.0K |
| Total Non-Current Liabilities | 53.7M | 41.0M | 13.3M | 16.3M | 4.2M |
| Total Liabilities | 141.0M | 112.2M | 109.2M | 98.3M | 80.6M |
| Equity | |||||
| Common Stock | 106.8M | 106.8M | 106.8M | 106.8M | 106.8M |
| Retained Earnings | 111.7M | 82.7M | 68.0M | 81.4M | 67.5M |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 291.5M | 262.5M | 247.9M | 261.5M | 247.7M |
| Key Metrics | |||||
| Total Debt | 82.1M | 41.5M | 10.1M | 12.5M | 0 |
| Working Capital | 77.9M | 106.2M | 58.7M | 88.3M | 113.7M |
Balance Sheet Composition
Meera Industries Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 46.2M | 16.5M | -13.8M | 37.7M | 28.6M |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | - | - | - | - | - |
| Working Capital Changes | -12.1M | -9.7M | 13.0M | -13.6M | 34.7M |
| Operating Cash Flow | 38.7M | 7.3M | -308.0K | 25.1M | 63.3M |
| Investing Activities | |||||
| Capital Expenditures | -84.5M | -7.1M | -17.0M | -40.9M | -44.1M |
| Acquisitions | - | - | - | - | - |
| Investment Purchases | 0 | 0 | 0 | - | -7.5M |
| Investment Sales | 0 | 0 | 0 | 12.3M | 225.0K |
| Investing Cash Flow | -84.5M | -7.1M | -17.0M | -28.6M | -51.4M |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | - |
| Dividends Paid | -7.8M | - | - | -12.8M | -5.3M |
| Debt Issuance | - | - | - | - | 74.0K |
| Debt Repayment | - | - | - | - | 0 |
| Financing Cash Flow | -7.8M | 1.0K | -832.0K | -12.7M | -5.1M |
| Free Cash Flow | -29.9M | -21.0M | -706.0K | -9.8M | 30.8M |
| Net Change in Cash | -53.6M | 236.0K | -18.2M | -16.2M | 6.9M |
Cash Flow Trend
Meera Industries Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
77.79
Price to Book
4.77
Price to Sales
3.88
PEG Ratio
-0.86
Profitability Ratios
Profit Margin
4.98%
Operating Margin
1.82%
Return on Equity
12.77%
Return on Assets
8.60%
Financial Health
Current Ratio
1.92
Debt to Equity
25.54
Beta
-0.09
Per Share Data
EPS (TTM)
₹0.85
Book Value per Share
₹13.86
Revenue per Share
₹17.02
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| MEERA | 1.4B | 77.79 | 4.77 | 12.77% | 4.98% | 25.54 |
| ABB India | 1.6T | 93.01 | 19.82 | 22.39% | 12.64% | 1.08 |
| Cummins India | 1.5T | 64.78 | 18.37 | 26.45% | 19.32% | 0.31 |
| Anup Engineering | 43.5B | 35.58 | 6.43 | 19.33% | 13.80% | 24.78 |
| Wpil | 40.6B | 34.11 | 2.75 | 7.88% | 6.24% | 31.90 |
| GMM Pfaudler Limited | 41.1B | 231.96 | 3.50 | 5.14% | 0.52% | 89.64 |
Financial data is updated regularly. All figures are in the company's reporting currency.




