Lakshmi Electrical Control Systems Ltd
Incorporated in 1981, Lakshmi Electrical Control Systems manufactures and sells control panels and plastic components[1]
- Market Cap ₹ 328 Cr.
- Current Price ₹ 1,332
- High / Low ₹ 2,175 / 1,166
- Stock P/E 33.8
- Book Value ₹ 1,145
- Dividend Yield 1.13 %
- ROCE 6.86 %
- ROE 5.05 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 1.16 times its book value
- Company has been maintaining a healthy dividend payout of 25.8%
- Debtor days have improved from 83.3 to 65.1 days.
Cons
- Promoter holding is low: 36.1%
- Company has a low return on equity of 7.18% over last 3 years.
- Earnings include an other income of Rs.4.86 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: 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 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
130 | 160 | 182 | 187 | 160 | 188 | 191 | 113 | 132 | 256 | 361 | 338 | 297 | |
127 | 153 | 172 | 174 | 149 | 173 | 180 | 113 | 128 | 236 | 334 | 322 | 285 | |
Operating Profit | 4 | 7 | 10 | 13 | 12 | 16 | 11 | -0 | 4 | 20 | 27 | 16 | 11 |
OPM % | 3% | 4% | 5% | 7% | 7% | 8% | 6% | -0% | 3% | 8% | 8% | 5% | 4% |
5 | 5 | 4 | 2 | 3 | 3 | 4 | 3 | 1 | 3 | 3 | 7 | 5 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
Depreciation | 3 | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 |
Profit before tax | 5 | 9 | 12 | 13 | 13 | 17 | 13 | 1 | 3 | 21 | 27 | 19 | 12 |
Tax % | 30% | 32% | 33% | 34% | 31% | 29% | 22% | 53% | -17% | 25% | 27% | 26% | |
4 | 6 | 8 | 9 | 9 | 12 | 10 | 0 | 3 | 15 | 20 | 14 | 9 | |
EPS in Rs | 15.46 | 25.92 | 33.52 | 34.99 | 35.80 | 47.76 | 41.54 | 1.75 | 12.45 | 63.02 | 81.08 | 56.79 | 37.67 |
Dividend Payout % | 13% | 19% | 21% | 23% | 22% | 21% | 22% | 29% | 28% | 24% | 27% | 26% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 12% |
3 Years: | 37% |
TTM: | -21% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 5% |
3 Years: | 36% |
TTM: | -53% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 33% |
3 Years: | 44% |
1 Year: | -14% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 6% |
3 Years: | 7% |
Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
Reserves | 72 | 76 | 82 | 89 | 135 | 167 | 168 | 132 | 174 | 211 | 230 | 279 |
3 | 3 | 1 | 3 | 22 | 5 | 5 | 0 | 11 | 6 | 8 | 7 | |
30 | 36 | 38 | 27 | 27 | 32 | 24 | 23 | 39 | 57 | 70 | 49 | |
Total Liabilities | 107 | 118 | 124 | 121 | 186 | 207 | 200 | 158 | 226 | 277 | 310 | 337 |
12 | 14 | 23 | 26 | 25 | 26 | 26 | 35 | 33 | 33 | 38 | 44 | |
CWIP | 0 | 1 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 3 |
Investments | 11 | 11 | 11 | 1 | 59 | 103 | 100 | 70 | 103 | 126 | 130 | 177 |
84 | 93 | 88 | 93 | 102 | 77 | 75 | 53 | 89 | 116 | 141 | 113 | |
Total Assets | 107 | 118 | 124 | 121 | 186 | 207 | 200 | 158 | 226 | 277 | 310 | 337 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6 | -3 | -9 | 2 | 1 | 15 | 7 | 8 | -10 | 7 | 11 | 16 | |
4 | 0 | -8 | 9 | -18 | 4 | -4 | -1 | -1 | -1 | -8 | -9 | |
0 | -0 | -4 | -1 | 17 | -19 | -3 | -8 | 10 | -6 | -3 | -7 | |
Net Cash Flow | 11 | -3 | -22 | 10 | 0 | -0 | 0 | 0 | -0 | -0 | -0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 59 | 58 | 66 | 70 | 88 | 97 | 78 | 99 | 124 | 95 | 90 | 65 |
Inventory Days | 37 | 42 | 51 | 38 | 41 | 42 | 49 | 81 | 108 | 54 | 40 | 41 |
Days Payable | 87 | 86 | 75 | 46 | 59 | 57 | 42 | 70 | 108 | 74 | 67 | 35 |
Cash Conversion Cycle | 9 | 13 | 42 | 62 | 71 | 82 | 85 | 110 | 124 | 75 | 62 | 70 |
Working Capital Days | 21 | 31 | 57 | 70 | 101 | 77 | 79 | 104 | 119 | 71 | 62 | 63 |
ROCE % | 7% | 12% | 15% | 15% | 11% | 10% | 7% | 1% | 3% | 10% | 12% | 7% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10h - Certificate under Regulation 74(5) of SEBI DP Regulations - quarter ended September 2024
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
11h - Issuance of duplicate share certificates due to loss.
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Closure of Trading Window
14h - Trading window closure from October 1 to November 12, 2024.
-
Board Meeting Intimation for Considering And Approving Unaudited Financial Results For Quarter / Half Year Ended 30Th September 2024
15h - Board meeting to consider unaudited financial results.
-
Intimation On Change In Working Days
27 Sep - Reduction of working days to five per month.
Annual reports
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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
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Financial Year 2010
from bse
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.