Lakshmi Electrical Control Systems Ltd
Incorporated in 1981, Lakshmi Electrical Control Systems manufactures and sells control panels and plastic components[1]
- Market Cap ₹ 438 Cr.
- Current Price ₹ 1,782
- High / Low ₹ 2,175 / 952
- Stock P/E 27.4
- Book Value ₹ 1,110
- Dividend Yield 1.23 %
- ROCE 12.1 %
- ROE 8.96 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 26.4%
- Company's working capital requirements have reduced from 84.3 days to 62.2 days
Cons
- Promoter holding is low: 36.1%
- Company has a low return on equity of 7.10% over last 3 years.
* 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: Capital Goods - Electrical Equipment Industry: Electric Equipment
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
164 | 130 | 160 | 182 | 187 | 160 | 188 | 191 | 113 | 132 | 256 | 361 | 372 | |
151 | 127 | 153 | 172 | 174 | 149 | 173 | 180 | 113 | 128 | 236 | 334 | 353 | |
Operating Profit | 13 | 4 | 7 | 10 | 13 | 12 | 16 | 11 | -0 | 4 | 20 | 27 | 19 |
OPM % | 8% | 3% | 4% | 5% | 7% | 7% | 8% | 6% | -0% | 3% | 8% | 8% | 5% |
6 | 5 | 5 | 4 | 2 | 3 | 3 | 4 | 3 | 1 | 3 | 3 | 6 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
Depreciation | 4 | 3 | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 |
Profit before tax | 15 | 5 | 9 | 12 | 13 | 13 | 17 | 13 | 1 | 3 | 21 | 27 | 22 |
Tax % | 31% | 30% | 32% | 33% | 34% | 31% | 29% | 22% | 53% | -17% | 25% | 27% | |
10 | 4 | 6 | 8 | 9 | 9 | 12 | 10 | 0 | 3 | 15 | 20 | 16 | |
EPS in Rs | 42.15 | 15.46 | 25.92 | 33.52 | 34.99 | 35.80 | 47.76 | 41.54 | 1.75 | 12.45 | 63.02 | 81.08 | 64.81 |
Dividend Payout % | 12% | 13% | 19% | 21% | 23% | 22% | 21% | 22% | 29% | 28% | 24% | 27% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 14% |
3 Years: | 47% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 11% |
3 Years: | 262% |
TTM: | -24% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 28% |
3 Years: | 83% |
1 Year: | 81% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 6% |
3 Years: | 7% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
Reserves | 68 | 72 | 76 | 82 | 89 | 135 | 167 | 168 | 132 | 174 | 211 | 230 | 270 |
0 | 3 | 3 | 1 | 3 | 22 | 5 | 5 | 0 | 11 | 6 | 8 | 7 | |
30 | 30 | 36 | 38 | 27 | 27 | 32 | 24 | 23 | 39 | 57 | 70 | 80 | |
Total Liabilities | 101 | 107 | 118 | 124 | 121 | 186 | 207 | 200 | 158 | 226 | 277 | 310 | 360 |
14 | 12 | 14 | 23 | 26 | 25 | 26 | 26 | 35 | 33 | 33 | 38 | 40 | |
CWIP | 0 | 0 | 1 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 3 |
Investments | 12 | 11 | 11 | 11 | 1 | 59 | 103 | 100 | 70 | 103 | 126 | 130 | 170 |
75 | 84 | 93 | 88 | 93 | 102 | 77 | 75 | 53 | 89 | 116 | 141 | 147 | |
Total Assets | 101 | 107 | 118 | 124 | 121 | 186 | 207 | 200 | 158 | 226 | 277 | 310 | 360 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
16 | 6 | -3 | -9 | 2 | 1 | 15 | 7 | 8 | -10 | 7 | 11 | |
5 | 4 | 0 | -8 | 9 | -18 | 4 | -4 | -1 | -1 | -1 | -8 | |
-1 | 0 | -0 | -4 | -1 | 17 | -19 | -3 | -8 | 10 | -6 | -3 | |
Net Cash Flow | 20 | 11 | -3 | -22 | 10 | 0 | -0 | 0 | 0 | -0 | -0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 60 | 59 | 58 | 66 | 70 | 88 | 97 | 78 | 99 | 124 | 95 | 90 |
Inventory Days | 29 | 37 | 42 | 51 | 38 | 41 | 42 | 49 | 81 | 108 | 54 | 40 |
Days Payable | 68 | 87 | 86 | 75 | 46 | 59 | 57 | 42 | 70 | 108 | 74 | 67 |
Cash Conversion Cycle | 21 | 9 | 13 | 42 | 62 | 71 | 82 | 85 | 110 | 124 | 75 | 62 |
Working Capital Days | 26 | 21 | 31 | 57 | 70 | 101 | 77 | 79 | 104 | 119 | 71 | 62 |
ROCE % | 20% | 7% | 12% | 15% | 15% | 11% | 10% | 7% | 1% | 3% | 10% | 12% |
Documents
Announcements
- Regulation 30 - Intimation Of Order Received From GST Authority 16 Apr
- Regulation 40(10) SEBI LODR - PCS Certificate 31St March 2024 12 Apr
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 10 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 10 Apr
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Compliance Certificate Under Reg 7(3) Of SEBI LODR
6 Apr - Compliance Certificate under Reg 7(3) of SEBI LODR for the year ended 31st March 2024
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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Business Overview:[1][2]
LECS is a part of Lakshmi Group. It was formerly in collaboration with Sprecher+Schuh Switzerland to manufacture Control gear. LECS manufactures control panels for textile machinery and generates most of its revenue from Laxmi Machine Works Ltd, and supplies
control panels, which are used in manufacture of textile machinery. Additionally, company manufactures plastic components which are used in automobile and engineering industries.