Lakshmi Automatic Loom Works Ltd

Lakshmi Automatic Loom Works Ltd

₹ 1,921 -0.92%
26 Apr - close price
About

Incorporated in 1973, Lakshmi Automatic Loom Works Ltd manufactures spares and accessories for C-type automatic weaving machines, circular knitting machines, and parts for machine tools apart from providing warehouse rental services[1]

Key Points

Product Profile:[1]
Company is currently manufacturing and supplying High Precision items viz.:
a) VDI Standard Tool Holders
b) Rectangular Tool Holders
c) Boring Bar Holders
d) Collect Chuck Holder
e) VDI Non-Standard

  • Market Cap 128 Cr.
  • Current Price 1,921
  • High / Low 2,280 / 740
  • Stock P/E 59.8
  • Book Value 309
  • Dividend Yield 0.52 %
  • ROCE 14.9 %
  • ROE 11.0 %
  • Face Value 100

Pros

  • Company has been maintaining a healthy dividend payout of 19.0%
  • Debtor days have improved from 55.0 to 43.1 days.

Cons

  • The company has delivered a poor sales growth of 11.3% over past five years.
  • Promoter holding is low: 35.9%
  • Company has a low return on equity of 13.9% over last 3 years.
  • Earnings include an other income of Rs.1.89 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: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
2.53 2.92 2.71 3.12 2.86 3.13 2.96 2.96 3.40 3.39 3.87 3.58 4.08
1.55 1.96 1.65 2.06 1.93 2.40 2.16 2.29 2.56 2.63 2.73 2.75 3.44
Operating Profit 0.98 0.96 1.06 1.06 0.93 0.73 0.80 0.67 0.84 0.76 1.14 0.83 0.64
OPM % 38.74% 32.88% 39.11% 33.97% 32.52% 23.32% 27.03% 22.64% 24.71% 22.42% 29.46% 23.18% 15.69%
0.46 0.31 0.26 0.31 0.39 0.43 0.32 0.46 0.29 0.47 0.32 0.52 0.58
Interest 0.20 0.19 0.16 0.16 0.16 0.22 0.15 0.25 0.18 0.31 0.20 0.20 0.19
Depreciation 0.22 0.22 0.22 0.24 0.25 0.24 0.23 0.24 0.26 0.25 0.28 0.29 0.30
Profit before tax 1.02 0.86 0.94 0.97 0.91 0.70 0.74 0.64 0.69 0.67 0.98 0.86 0.73
Tax % 24.51% 20.93% 25.53% 24.74% 25.27% 28.57% 27.03% 1.56% 33.33% 25.37% 28.57% 31.40% 23.29%
0.77 0.68 0.70 0.73 0.68 0.50 0.54 0.63 0.46 0.50 0.71 0.59 0.56
EPS in Rs 11.00 9.71 10.47 10.92 10.17 7.48 8.07 9.42 6.88 7.48 10.62 8.82 8.37
Raw PDF

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
5.49 3.50 3.12 3.63 2.68 7.17 7.45 8.17 12.70 10.20 11.82 12.71 14.92
7.12 4.95 4.75 5.27 5.13 5.64 5.51 6.48 7.66 6.29 8.02 9.62 11.55
Operating Profit -1.63 -1.45 -1.63 -1.64 -2.45 1.53 1.94 1.69 5.04 3.91 3.80 3.09 3.37
OPM % -29.69% -41.43% -52.24% -45.18% -91.42% 21.34% 26.04% 20.69% 39.69% 38.33% 32.15% 24.31% 22.59%
3.22 4.03 5.24 5.38 4.80 1.58 0.84 0.78 0.58 1.15 1.39 1.54 1.89
Interest 0.04 0.03 0.03 0.02 0.06 0.06 0.06 0.22 0.63 0.79 0.73 0.91 0.90
Depreciation 0.37 0.35 0.35 0.39 0.30 0.30 0.36 0.47 0.62 0.89 0.94 0.98 1.12
Profit before tax 1.18 2.20 3.23 3.33 1.99 2.75 2.36 1.78 4.37 3.38 3.52 2.74 3.24
Tax % -8.47% -31.82% 3.72% 21.62% 50.75% 83.27% 26.69% 29.21% 23.34% 25.15% 26.14% 22.26%
1.28 2.90 3.11 2.61 0.98 0.46 1.73 1.26 3.35 2.54 2.60 2.13 2.36
EPS in Rs 21.33 48.33 51.83 43.50 16.33 7.67 28.83 21.00 47.86 36.29 38.88 31.85 35.29
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 25.73% 31.41%
Compounded Sales Growth
10 Years: 14%
5 Years: 11%
3 Years: 0%
TTM: 20%
Compounded Profit Growth
10 Years: -2%
5 Years: 5%
3 Years: -14%
TTM: 1%
Stock Price CAGR
10 Years: 26%
5 Years: 36%
3 Years: 46%
1 Year: 140%
Return on Equity
10 Years: %
5 Years: 17%
3 Years: 14%
Last Year: 11%

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 6.10 6.10 6.10 6.10 6.10 6.10 6.10 6.40 6.69 6.69 6.69 6.69 6.69
Reserves -11.54 -9.24 -6.73 -4.29 -3.31 -2.85 -1.11 1.88 6.87 9.38 11.90 13.35 13.97
Preference Capital 8.50 8.50 8.50 8.50 8.50 0.00 4.00 2.00 0.00 0.00 0.00 0.00
0.78 0.10 0.10 0.10 0.10 6.58 2.66 1.61 4.92 4.94 4.43 5.92 5.48
15.63 14.53 13.29 13.22 13.23 3.03 7.44 6.81 5.95 5.87 5.75 5.88 6.32
Total Liabilities 10.97 11.49 12.76 15.13 16.12 12.86 15.09 16.70 24.43 26.88 28.77 31.84 32.46
4.53 4.40 4.48 3.86 3.62 3.67 8.28 8.14 15.03 14.47 15.07 17.99 18.50
CWIP 0.10 0.15 0.10 0.10 0.11 0.35 0.01 0.61 0.00 0.01 0.06 0.40 0.25
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6.34 6.94 8.18 11.17 12.39 8.84 6.80 7.95 9.40 12.40 13.64 13.45 13.71
Total Assets 10.97 11.49 12.76 15.13 16.12 12.86 15.09 16.70 24.43 26.88 28.77 31.84 32.46

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
1.84 2.39 3.06 0.55 1.49 -0.67 1.74 2.95 5.23 -3.22 0.14 8.50
0.16 0.10 0.15 1.73 0.73 2.54 -1.57 -1.71 -6.98 3.62 0.92 -8.59
-1.24 2.13 -1.69 -0.23 0.06 -2.07 0.03 -1.25 1.90 -0.61 -1.19 0.10
Net Cash Flow 0.76 4.62 1.52 2.04 2.28 -0.20 0.20 -0.01 0.16 -0.21 -0.12 0.01

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 41.89 57.36 58.49 97.53 92.61 56.00 49.97 55.84 34.78 65.13 56.82 43.08
Inventory Days 244.70 368.17 289.37 208.11 296.56 273.75 292.96 291.18 138.11 266.02 188.52 246.71
Days Payable 95.69 22.22 26.31 25.61 91.25 68.44 67.24 57.42 42.75 80.42 76.21 81.11
Cash Conversion Cycle 190.89 403.31 321.56 280.03 297.92 261.31 275.70 289.61 130.14 250.72 169.13 208.68
Working Capital Days 96.40 124.10 84.23 251.38 215.19 20.87 -20.09 -2.23 -79.04 13.96 57.44 30.73
ROCE % 18.67% 43.87% 45.57% 24.92% 17.80% 18.47% 21.69% 16.48% 32.93% 20.41% 19.26% 14.90%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
33.01% 33.01% 33.32% 34.11% 34.35% 34.63% 34.67% 35.22% 35.36% 35.43% 35.57% 35.86%
20.40% 20.40% 16.39% 15.42% 15.11% 14.98% 14.54% 14.46% 14.13% 13.80% 13.43% 13.43%
46.59% 46.59% 50.29% 50.48% 50.54% 50.36% 50.78% 50.30% 50.50% 50.76% 50.97% 50.69%
No. of Shareholders 4,7574,8434,8794,9884,9995,0244,9664,8614,8785,0515,3095,209

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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