Lords Mark Industries Limited
Lord’s Mark Industries Ltd is the listed successor to Kratos Energy & Infrastructure Ltd after the 1998-incorporated operating company, erstwhile Lord’s Mark Industries Pvt Ltd, was absorbed through an NCLT-approved IBC reverse merger. It operates in diagnostics/MedTech, renewable-energy and LED projects, and legacy paper products.[1]
- Market Cap ₹ 3,204 Cr.
- Current Price ₹ 75.1
- High / Low ₹ 99.0 / 60.0
- Stock P/E 37.7
- Book Value ₹ 24.4
- Dividend Yield 0.00 %
- ROCE 13.4 %
- ROE 11.3 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 176% CAGR over last 5 years
Cons
- Stock is trading at 3.08 times its book value
- Company has a low return on equity of 10.8% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 341 days.
* 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
Services Services Commercial Services & Supplies Consulting Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 5 | 4 | 3 | 6 | 6 | 2 | 1 | 0 | 0 | 0 | 602 | 882 | |
| 4 | 5 | 4 | 3 | 5 | 6 | 1 | 1 | 0 | 0 | 1 | 518 | 756 | |
| Operating Profit | 0 | 0 | 0 | -0 | 1 | -0 | 0 | 0 | -0 | -0 | -1 | 84 | 126 |
| OPM % | 2.5% | 4.2% | 1.9% | -3.3% | 16% | -9% | 25% | 0.0% | -145% | 14% | 14% | ||
| 0 | -0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | -6 | 4 | 13 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 12 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 11 |
| Profit before tax | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | -0 | -1 | -7 | 72 | 117 |
| Tax % | 43% | 200% | 31% | 20% | 25% | 225% | 26% | 29% | 0% | 0% | 0% | 27% | |
| 0 | -0 | 0 | 1 | 1 | -0 | 0 | 0 | -0 | -1 | -7 | 53 | 85 | |
| EPS in Rs | 0.50 | -0.50 | 2.50 | 7.80 | 9.10 | -0.50 | 3.50 | 0.40 | -1.60 | -9.50 | -67.30 | 1.24 | -22.15 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 62% |
| 5 Years: | 216% |
| 3 Years: | 1662% |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 80% |
| 5 Years: | 176% |
| 3 Years: | 605% |
| TTM: | 9133% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -89% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 11% |
| 3 Years: | 11% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 427 |
| Reserves | 2 | 2 | 2 | 3 | 4 | 4 | 4 | 4 | 4 | 3 | -3 | 564 |
| 0 | 0 | 0 | 2 | 2 | 0 | 0 | 0 | 1 | 1 | 6 | 274 | |
| 3 | 4 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 41 | |
| Total Liabilities | 7 | 8 | 6 | 6 | 8 | 5 | 6 | 5 | 6 | 6 | 5 | 1,306 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 402 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 |
| Investments | 0 | 2 | 1 | 2 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 6 | 6 | 5 | 4 | 5 | 5 | 6 | 5 | 6 | 6 | 5 | 901 | |
| Total Assets | 7 | 8 | 6 | 6 | 8 | 5 | 6 | 5 | 6 | 6 | 5 | 1,306 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 1 | 0 | -2 | 1 | -2 | 1 | -0 | -1 | 0 | -4 | -383 | |
| -0 | -1 | -0 | -0 | -1 | 3 | -0 | 0 | 0 | 0 | 0 | -413 | |
| -0 | -0 | -0 | 2 | 0 | -2 | -0 | 0 | 1 | 0 | 4 | 940 | |
| Net Cash Flow | -0 | 0 | 0 | -0 | 0 | -0 | 0 | -0 | -0 | 0 | -0 | 143 |
| Free Cash Flow | 0 | 1 | 0 | -2 | 1 | -2 | 1 | -0 | -1 | 0 | -4 | -714 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 60% | 550% | -300% | 1,100% | 77% | 331% | 98% | 862% | 0% | 467% | -436% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 1 | 44 | 0 | 20 | 0 | 341 | ||
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 93 | ||||||
| Days Payable | 4 | |||||||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 1 | 44 | 0 | 20 | 0 | 431 | ||
| Working Capital Days | -76 | -160 | -178 | -172 | -111 | 108 | 333 | 958 | 8,130 | 316 | ||
| ROCE % | 2% | 5% | 6% | 17% | 16% | -7% | 9% | 1% | -3% | -9% | -22% | 13% |
Insights
In beta| Mar 2016 | Aug 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Average Collection Period days |
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| Order Book Rs. crore |
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| Solar/LED Segment Revenue Rs. crore |
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| MedTech Segment Revenue Rs. crore |
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| Dialysis Centres Operational number |
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| Dialysis Machine Manufacturing Capacity machines per month |
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| Dialysis Machine Order Book machines |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for Notice Of Board Meeting Scheduled To Be Held On October 23, 2026.
- Board to consider Rs. 100 crore unsecured loan from promoter with equity conversion option on October 23, 2026.
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Appointment of Company Secretary and Compliance Officer
- Ms. Foram Bhuva appointed Company Secretary and Compliance Officer effective October 14, 2026.
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
- Lords Mark acquired 100% of Radio Electric Private Limited (Radiotone) for Rs 4.50 crore cash.
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Announcement under Regulation 30 (LODR)-Acquisition
- Lord’s Mark acquires Radio Electric/Radiotone, adding transformer technology, blue-chip clients, exports and manufacturing capacity.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Regulation 74(5) confirmation for quarter ended September 2026; no share certificates dematerialised.
Annual reports
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Annual Report 2026
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2011
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Annual Report 2010
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Annual Report 2009
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Annual Report 2008
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Annual Report 2007
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Concalls
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Sep 2026Transcript PPT REC
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Aug 2026Transcript REC
Transition:[1]
NCLT approved the pre-pack resolution
/reverse merger on 28th July 2025; the operating private company merged into
listed Kratos, which became Lords Mark
India and then Lord’s Mark Industries w.e.f.
10 October 2025.