Lakshmi Electrical Control Systems Ltd
Incorporated in 1981, Lakshmi Electrical Control Systems manufactures and sells control panels and plastic components[1]
- Market Cap ₹ 216 Cr.
- Current Price ₹ 880
- High / Low ₹ 1,266 / 646
- Stock P/E 79.6
- Book Value ₹ 1,116
- Dividend Yield 0.45 %
- ROCE 2.30 %
- ROE 1.32 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.79 times its book value
- Company has been maintaining a healthy dividend payout of 27.3%
Cons
- Promoter holding is low: 36.1%
- Company has a low return on equity of 4.80% over last 3 years.
- Earnings include an other income of Rs.5.05 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
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 160 | 182 | 187 | 160 | 188 | 191 | 113 | 132 | 256 | 361 | 338 | 212 | 227 | |
| 153 | 172 | 174 | 149 | 173 | 180 | 113 | 128 | 236 | 334 | 322 | 207 | 224 | |
| Operating Profit | 7 | 10 | 13 | 12 | 16 | 11 | -0 | 4 | 20 | 27 | 16 | 5 | 3 |
| OPM % | 4% | 5% | 7% | 7% | 8% | 6% | -0% | 3% | 8% | 8% | 5% | 2% | 1% |
| 5 | 4 | 2 | 3 | 3 | 4 | 3 | 1 | 3 | 3 | 7 | 5 | 5 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 4 | 4 |
| Profit before tax | 9 | 12 | 13 | 13 | 17 | 13 | 1 | 3 | 21 | 27 | 19 | 6 | 4 |
| Tax % | 32% | 33% | 34% | 31% | 29% | 22% | 53% | -17% | 25% | 27% | 26% | 40% | |
| 6 | 8 | 9 | 9 | 12 | 10 | 0 | 3 | 15 | 20 | 14 | 3 | 3 | |
| EPS in Rs | 25.92 | 33.52 | 34.99 | 35.80 | 47.76 | 41.54 | 1.75 | 12.45 | 63.02 | 81.08 | 56.79 | 14.12 | 10.98 |
| Dividend Payout % | 19% | 21% | 23% | 22% | 21% | 22% | 29% | 28% | 24% | 27% | 26% | 28% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 13% |
| 3 Years: | -6% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -8% |
| 5 Years: | 55% |
| 3 Years: | -38% |
| TTM: | -14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 24% |
| 3 Years: | -4% |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 5% |
| 3 Years: | 5% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | 76 | 82 | 89 | 135 | 167 | 168 | 132 | 174 | 211 | 230 | 279 | 283 | 272 |
| 3 | 1 | 3 | 22 | 5 | 5 | 0 | 11 | 6 | 8 | 7 | 10 | 14 | |
| 36 | 38 | 27 | 27 | 32 | 24 | 23 | 39 | 57 | 70 | 49 | 57 | 64 | |
| Total Liabilities | 118 | 124 | 121 | 186 | 207 | 200 | 158 | 226 | 277 | 310 | 337 | 353 | 353 |
| 14 | 23 | 26 | 25 | 26 | 26 | 35 | 33 | 33 | 38 | 44 | 51 | 50 | |
| CWIP | 1 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 3 | 0 | 1 |
| Investments | 11 | 11 | 1 | 59 | 103 | 100 | 70 | 103 | 126 | 130 | 177 | 185 | 170 |
| 93 | 88 | 93 | 102 | 77 | 75 | 53 | 89 | 116 | 141 | 113 | 116 | 133 | |
| Total Assets | 118 | 124 | 121 | 186 | 207 | 200 | 158 | 226 | 277 | 310 | 337 | 353 | 353 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -3 | -9 | 2 | 1 | 15 | 7 | 8 | -10 | 7 | 11 | 16 | 5 | |
| 0 | -8 | 9 | -18 | 4 | -4 | -1 | -1 | -1 | -8 | -9 | -5 | |
| -0 | -4 | -1 | 17 | -19 | -3 | -8 | 10 | -6 | -3 | -7 | -1 | |
| Net Cash Flow | -3 | -22 | 10 | 0 | -0 | 0 | 0 | -0 | -0 | -0 | 0 | 0 |
| Free Cash Flow | -8 | -22 | -1 | 1 | 12 | 5 | -3 | -10 | 3 | -6 | 9 | -3 |
| CFO/OP | 12% | -66% | 42% | 41% | 125% | 95% | -6,143% | -229% | 52% | 67% | 126% | 148% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58 | 66 | 70 | 88 | 97 | 78 | 99 | 124 | 95 | 90 | 65 | 100 |
| Inventory Days | 42 | 51 | 38 | 41 | 42 | 49 | 81 | 108 | 54 | 40 | 41 | 70 |
| Days Payable | 86 | 75 | 46 | 59 | 57 | 42 | 70 | 108 | 74 | 67 | 35 | 68 |
| Cash Conversion Cycle | 13 | 42 | 62 | 71 | 82 | 85 | 110 | 124 | 75 | 62 | 70 | 103 |
| Working Capital Days | 23 | 55 | 64 | 51 | 67 | 69 | 103 | 90 | 63 | 55 | 56 | 79 |
| ROCE % | 12% | 15% | 15% | 11% | 10% | 7% | 1% | 3% | 10% | 12% | 7% | 2% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic Revenue Mix Percentage |
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| Segment Turnover - Electricals INR Lakhs |
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| Segment Turnover - Plastics INR Lakhs |
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| Number of Permanent Employees Number |
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| Revenue Contribution from Single Customer (LMW) Percentage |
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Extracted by Screener AI
Documents
Announcements
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Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
16 Apr - Company confirms it is not a Large Corporate as on 31 March 2026.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
16 Apr - Company confirms it is not a Large Corporate as of March 31, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Apr - Newspaper publications - Special Window lodgement for transfer of physical shares
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Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Apr - Newspaper publications - Second 100 Days Campaign - IEPF related
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - Regulation 74(5) certificate filed for quarter ended 31 March 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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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
from bse
Business Overview:[1][2]
LECS, part of the Lakshmi Group, specializes in manufacturing control panels for textile machinery, primarily supplying to Lakshmi Machine Works Ltd. The company also produces plastic components for automobile and engineering industries. Formerly, it collaborated with Sprecher+Schuh Switzerland for control gear manufacturing.