Market cap
$4,672 Mln
Revenue (TTM)
$5,455 Mln
P/E Ratio
14.8
P/B Ratio
0.9
Div. Yield
2.6 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 30.96 | -9.92 | -12.25 | -5.39 | 2.04 |
| EBIT | 141.03 | -8.72 | -41.71 | -23.57 | -8.07 |
| Net Profit | 63.86 | -38.30 | -48.42 | -26.90 | -10.10 |
| EPS | 65.82 | -33.56 | -45.34 | -25.05 | -19.99 |
| 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 | 8.81 | 9.98 | 15.68 |
| Net Margin
| -- | 15.07 | 6.04 | -- | -- |
| Return on equity
| 14.05 | 19.57 | 6.42 | 8.76 | 16.12 |
| Return on Capital
| 11.07 | 14.75 | -- | 6.65 | 12.88 |
| Return on Assets
| 9.98 | 13.13 | 4.02 | 6.12 | 11.63 |
| Debt to Equity (x)
| -- | -- | 0.37 | 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
6.42
Lower than Peers by 8.97
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
6.42
|
8.76
|
16.12
|
17.26
|
28.37
|
|
Peer Median
|
15.39
|
--
|
--
|
--
|
--
|
ROA
4.02
Lower than Peers by 5.46
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
4.02
|
6.12
|
11.63
|
12.19
|
18.74
|
|
Peer Median
|
9.49
|
--
|
--
|
--
|
--
|
EBIT Margin
8.81
Lower than Peers by 3.25
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
8.81
|
9.98
|
15.68
|
20.78
|
20.49
|
|
Peer Median
|
12.06
|
--
|
--
|
--
|
--
|
Net Margin
6.04
Lower than Peers by 4.15
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
6.04
|
7.73
|
12.29
|
12.08
|
15.76
|
|
Peer Median
|
10.18
|
--
|
--
|
--
|
--
|
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
-12.25
Lower than Peers by 12.59
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
-12.25
|
-0.08
|
0.05
|
-0.03
|
0.22
|
|
Peer Median
|
0.34
|
--
|
--
|
--
|
--
|
EBIT Growth
-41.71
Lower than Peers by 28.90
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
-41.71
|
-41.71
|
-21.06
|
-1.47
|
34.99
|
|
Peer Median
|
-12.81
|
--
|
--
|
--
|
--
|
Net Profit Growth
-48.42
Lower than Peers by 40.32
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
-48.42
|
-42.38
|
6.42
|
-25.54
|
34.54
|
|
Peer Median
|
-8.09
|
--
|
--
|
--
|
--
|
EPS Growth
-45.34
Lower than Peers by 48.41
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
-45.34
|
-0.39
|
0.07
|
-0.25
|
0.38
|
|
Peer Median
|
3.07
|
--
|
--
|
--
|
--
|
Book Value Growth
3.36
Lower than Peers by 10.76
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
3.36
|
--
|
--
|
--
|
--
|
|
Peer Median
|
14.12
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.37
Higher than Peers by 0.12
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
0.37
|
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
11.04
Higher than Peers by 5.56
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
11.04
|
12.12
|
11.44
|
9.38
|
8.98
|
|
Peer Median
|
5.48
|
--
|
--
|
--
|
--
|
Quick Ratio
1.71
Higher than Peers by 0.33
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
1.71
|
2.10
|
1.84
|
2.03
|
1.88
|
|
Peer Median
|
1.39
|
--
|
--
|
--
|
--
|
Interest Coverage
101.18
Lower than Peers by 23.13
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
101.18
|
196.31
|
478.47
|
1,936.57
|
31,447.78
|
|
Peer Median
|
124.31
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
5.57
Higher than Peers by 3.86
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
5.57
|
5.24
|
4.01
|
4.37
|
3.42
|
|
Peer Median
|
1.72
|
--
|
--
|
--
|
--
|
Asset Turnover
0.67
Lower than Peers by 0.25
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Meritage Corporation (MTH)
|
0.67
|
0.79
|
0.95
|
1.01
|
1.19
|
|
Peer Median
|
0.92
|
--
|
--
|
--
|
--
|
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
14.78
Higher than Peers by 0.31
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)
|
14.78
|
10.14
|
14.35
|
17.42
|
6.88
|
|
Peer Median
|
14.47
|
--
|
--
|
--
|
--
|
Price / Book Value
0.92
Lower than Peers by 0.67
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)
|
0.92
|
0.88
|
2.19
|
2.79
|
1.73
|
|
Peer Median
|
1.59
|
--
|
--
|
--
|
--
|
Dividend Yield
2.56
Higher than Peers by 1.86
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)
|
2.56
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.70
|
--
|
--
|
--
|
--
|
EV/EBITDA
12.70
--
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)
|
12.70
|
9.36
|
11.68
|
10.24
|
5.42
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
4,672
Higher than Peers by 4,205
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)
|
4,672
|
--
|
--
|
--
|
--
|
|
Peer Median
|
467
|
--
|
--
|
--
|
--
|