Lakshmi Mills Company Ltd
Incorporated in 1910, The Lakshmi Mills Company Ltd manufactures Yarn and trades in cloth & garments, and also
rents out properties[1]
- Market Cap ₹ 353 Cr.
- Current Price ₹ 5,076
- High / Low ₹ 5,443 / 3,303
- Stock P/E
- Book Value ₹ 12,181
- Dividend Yield 0.18 %
- ROCE 0.03 %
- ROE -0.97 %
- Face Value ₹ 100
Pros
- Stock is trading at 0.42 times its book value
- Debtor days have improved from 38.1 to 19.6 days.
- Company's working capital requirements have reduced from 62.6 days to 49.0 days
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 0.05% over past five years.
- Company has a low return on equity of 1.44% over last 3 years.
- Earnings include an other income of Rs.8.08 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Textiles Industry: Textiles - Composite
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
149 | 164 | 218 | 221 | 199 | 227 | 239 | 248 | 218 | 184 | 347 | 240 | 230 | |
157 | 148 | 204 | 205 | 185 | 214 | 220 | 233 | 211 | 160 | 297 | 236 | 235 | |
Operating Profit | -7 | 16 | 14 | 17 | 15 | 13 | 20 | 15 | 8 | 24 | 50 | 4 | -5 |
OPM % | -5% | 9% | 7% | 8% | 7% | 6% | 8% | 6% | 3% | 13% | 14% | 2% | -2% |
9 | 9 | 11 | 3 | 4 | 8 | 2 | 4 | 12 | 1 | 2 | 6 | 8 | |
Interest | 14 | 14 | 11 | 10 | 10 | 10 | 10 | 11 | 11 | 12 | 12 | 8 | 9 |
Depreciation | 7 | 5 | 5 | 7 | 7 | 7 | 9 | 11 | 8 | 6 | 7 | 8 | 15 |
Profit before tax | -19 | 5 | 10 | 3 | 1 | 4 | 3 | -4 | 0 | 6 | 33 | -7 | -21 |
Tax % | 31% | -121% | 5% | -52% | 28% | 76% | 48% | -91% | 453% | 43% | 27% | 26% | |
-13 | 11 | 9 | 4 | 1 | 1 | 1 | -8 | -2 | 4 | 24 | -5 | -16 | |
EPS in Rs | -189.48 | 158.86 | 135.14 | 61.67 | 15.09 | 15.38 | 20.41 | -114.00 | -21.85 | 52.76 | 345.89 | -72.02 | -225.27 |
Dividend Payout % | 0% | 8% | 11% | 24% | 60% | 59% | 44% | -4% | 0% | 0% | 7% | -12% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 0% |
3 Years: | 3% |
TTM: | -23% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 8% |
TTM: | -705% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 15% |
3 Years: | 29% |
1 Year: | 39% |
Return on Equity | |
---|---|
10 Years: | 1% |
5 Years: | 0% |
3 Years: | 1% |
Last Year: | -1% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
Reserves | 107 | 117 | 125 | 128 | 128 | 351 | 484 | 437 | 236 | 470 | 624 | 634 | 840 |
94 | 72 | 67 | 62 | 62 | 64 | 77 | 85 | 86 | 83 | 83 | 110 | 139 | |
21 | 32 | 41 | 36 | 37 | 43 | 48 | 37 | 37 | 33 | 62 | 70 | 108 | |
Total Liabilities | 229 | 228 | 241 | 233 | 235 | 464 | 616 | 566 | 366 | 593 | 777 | 822 | 1,094 |
64 | 41 | 45 | 43 | 42 | 153 | 161 | 153 | 158 | 157 | 159 | 170 | 232 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 5 | 45 | 5 |
Investments | 2 | 2 | 2 | 2 | 2 | 223 | 363 | 319 | 121 | 355 | 504 | 526 | 766 |
163 | 185 | 194 | 187 | 192 | 88 | 93 | 93 | 86 | 80 | 108 | 81 | 90 | |
Total Assets | 229 | 228 | 241 | 233 | 235 | 464 | 616 | 566 | 366 | 593 | 777 | 822 | 1,094 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6 | 4 | 5 | 19 | 11 | 16 | 13 | 3 | 29 | 8 | 28 | 38 | |
3 | 32 | 11 | -2 | -3 | -9 | -15 | -0 | -20 | -4 | -14 | -56 | |
-10 | -36 | -16 | -15 | -10 | -7 | 4 | -2 | -10 | -4 | -14 | 19 | |
Net Cash Flow | -0 | -1 | 1 | 1 | -2 | -0 | 1 | 1 | -1 | -0 | 0 | -0 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 32 | 51 | 40 | 33 | 40 | 32 | 51 | 48 | 44 | 61 | 34 | 20 |
Inventory Days | 412 | 591 | 406 | 398 | 506 | 104 | 84 | 84 | 101 | 105 | 106 | 118 |
Days Payable | 35 | 84 | 73 | 54 | 81 | 68 | 78 | 45 | 50 | 43 | 35 | 51 |
Cash Conversion Cycle | 409 | 558 | 373 | 376 | 464 | 68 | 58 | 88 | 96 | 123 | 105 | 86 |
Working Capital Days | 248 | 250 | 192 | 186 | 226 | 28 | 26 | 44 | 46 | 78 | 61 | 49 |
ROCE % | -4% | 8% | 7% | 8% | 6% | 5% | 3% | 1% | 1% | 4% | 7% | 0% |
Documents
Announcements
- Board Meeting Outcome for Outcome Of The Meeting Of The Board Of The Company Held On Thursday, 2Nd May 2024 14h
- Disclosure Of Materiality Of Event Under Regulation 30(8) Of The SEBI (LODR) Regulations, 2015 27 Apr
- Board Meeting Intimation for Board Meeting Intimation As Per Regulation 29 Of SEBI (LODR) Regulations 2015 24 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 17 Apr
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 15 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Business Overview:[1]
LMC is in the business of manufacturing cotton yarn and polyester-blended yarn. It produces yarn in the count range of 60s to 100s. Its Kovilpatti unit manufactures polyester-blend yarn and Palladam unit produces both, cotton yarn and polyester-blended yarn. Company makes fabric from its own yarn and is enganged in trading of cloth and garments