Market cap
$4,153 Mln
Revenue (TTM)
$5,199 Mln
P/E Ratio
14.5
P/B Ratio
0.8
Div. Yield
2.9 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -20.59 | -17.96 | -13.98 | -7.06 | 0.57 |
| EBIT | -51.10 | -32.81 | -37.61 | -24.83 | -12.59 |
| Net Profit | -25.21 | -31.74 | -45.03 | -28.14 | -14.52 |
| EPS | -23.55 | -25.92 | -40.96 | -31.55 | -23.61 |
| Book Value | -- | -- | 6.17 | 11.74 | 4.02 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 15.48 | 17.10 | 8.44 | 9.98 | 15.68 |
| Net Margin
| -- | 15.07 | 5.73 | -- | -- |
| Return on equity
| 14.05 | 19.57 | 5.87 | 8.76 | 16.12 |
| Return on Capital
| 11.07 | 14.75 | -- | 6.65 | 12.88 |
| Return on Assets
| 9.98 | 13.13 | 2.58 | 6.12 | 11.63 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.36 | 0.27 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
--
|
6.65
|
12.88
|
13.68
|
21.22
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
5.87
Lower than Peers by 9.51
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
5.87
|
8.76
|
16.12
|
17.26
|
28.37
|
|
Peer Median
|
15.38
|
--
|
--
|
--
|
--
|
ROA
2.58
Lower than Peers by 6.90
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
2.58
|
6.12
|
11.63
|
12.19
|
18.74
|
|
Peer Median
|
9.48
|
--
|
--
|
--
|
--
|
EBIT Margin
8.44
Lower than Peers by 3.39
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
8.44
|
9.98
|
15.68
|
20.78
|
20.49
|
|
Peer Median
|
11.82
|
--
|
--
|
--
|
--
|
Net Margin
5.73
Lower than Peers by 4.34
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
5.73
|
7.73
|
12.29
|
12.08
|
15.76
|
|
Peer Median
|
10.07
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
-13.98
Lower than Peers by 13.90
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
-13.98
|
-0.08
|
0.05
|
-0.03
|
0.22
|
|
Peer Median
|
-0.08
|
--
|
--
|
--
|
--
|
EBIT Growth
-37.61
Lower than Peers by 24.32
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
-37.61
|
-41.71
|
-21.06
|
-1.47
|
34.99
|
|
Peer Median
|
-13.29
|
--
|
--
|
--
|
--
|
Net Profit Growth
-45.03
Lower than Peers by 36.23
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
-45.03
|
-42.38
|
6.42
|
-25.54
|
34.54
|
|
Peer Median
|
-8.79
|
--
|
--
|
--
|
--
|
EPS Growth
-40.96
Lower than Peers by 43.97
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
-40.96
|
-0.39
|
0.07
|
-0.25
|
0.38
|
|
Peer Median
|
3.01
|
--
|
--
|
--
|
--
|
Book Value Growth
3.54
Lower than Peers by 10.21
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
3.54
|
--
|
--
|
--
|
--
|
|
Peer Median
|
13.74
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
--
|
0.36
|
0.27
|
0.23
|
0.30
|
|
Peer Median
|
0.24
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
--
|
0.01
|
0.00
|
0.00
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
10.39
Higher than Peers by 4.68
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
10.39
|
12.12
|
11.44
|
9.38
|
8.98
|
|
Peer Median
|
5.71
|
--
|
--
|
--
|
--
|
Quick Ratio
1.48
Higher than Peers by 0.10
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
1.48
|
2.10
|
1.84
|
2.03
|
1.88
|
|
Peer Median
|
1.37
|
--
|
--
|
--
|
--
|
Interest Coverage
73.47
Lower than Peers by 38.02
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
73.47
|
196.31
|
478.47
|
1,936.57
|
31,447.78
|
|
Peer Median
|
111.48
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
6.65
Higher than Peers by 4.94
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
6.65
|
5.24
|
4.01
|
4.37
|
3.42
|
|
Peer Median
|
1.71
|
--
|
--
|
--
|
--
|
Asset Turnover
0.45
Lower than Peers by 0.46
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
0.45
|
0.79
|
0.95
|
1.01
|
1.19
|
|
Peer Median
|
0.91
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
--
|
17.56
|
14.94
|
14.40
|
10.52
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
--
|
456.38
|
397.86
|
359.62
|
333.22
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
--
|
16.09
|
18.43
|
21.58
|
19.90
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
--
|
457.85
|
394.37
|
352.43
|
323.84
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
14.52
Higher than Peers by 1.27
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
14.52
|
10.14
|
14.35
|
17.42
|
6.88
|
|
Peer Median
|
13.25
|
--
|
--
|
--
|
--
|
Price / Book Value
0.82
Lower than Peers by 0.63
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
0.82
|
0.88
|
2.19
|
2.79
|
1.73
|
|
Peer Median
|
1.45
|
--
|
--
|
--
|
--
|
Dividend Yield
2.90
Higher than Peers by 2.18
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
2.90
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.72
|
--
|
--
|
--
|
--
|
EV/EBITDA
13.03
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
13.03
|
9.36
|
11.68
|
10.24
|
5.42
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
4,153
Higher than Peers by 3,735
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
4,153
|
--
|
--
|
--
|
--
|
|
Peer Median
|
418
|
--
|
--
|
--
|
--
|