Lakshmi Automatic Loom Works Ltd

About [ edit ]

Lakshmi Automatic Loom Works is engaged in the business of manufacturing spares and accessories for C type automatic weaving machines, circular knitting machines and parts for machine tools. The revenue from operations includes warehousing rental services.

  • Market Cap 40.4 Cr.
  • Current Price 604
  • High / Low 686 / 236
  • Stock P/E 18.0
  • Book Value 219
  • Dividend Yield 0.00 %
  • ROCE 32.9 %
  • ROE 28.1 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 46.86 to 34.78 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 32.71%

Peer comparison

Sector: Engineering Industry: Textile Machinery

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1.93 1.49 2.04 2.15 2.49 3.02 3.77 3.36 2.55 2.01 2.74 2.53
1.40 1.43 1.48 1.59 2.00 1.97 2.10 1.98 1.66 1.30 1.50 1.55
Operating Profit 0.53 0.06 0.56 0.56 0.49 1.05 1.67 1.38 0.89 0.71 1.24 0.98
OPM % 27.46% 4.03% 27.45% 26.05% 19.68% 34.77% 44.30% 41.07% 34.90% 35.32% 45.26% 38.74%
Other Income 0.23 0.24 0.20 0.17 0.17 0.12 0.21 0.12 0.13 0.13 0.25 0.46
Interest 0.05 0.06 0.05 0.05 0.04 0.05 0.19 0.16 0.18 0.18 0.20 0.20
Depreciation 0.12 0.11 0.12 0.12 0.12 0.12 0.13 0.12 0.26 0.22 0.22 0.22
Profit before tax 0.59 0.13 0.59 0.56 0.50 1.00 1.56 1.22 0.58 0.44 1.07 1.02
Tax % 25.42% 46.15% 25.42% 30.36% 30.00% 20.00% 21.79% 23.77% 32.76% 31.82% 26.17% 24.51%
Net Profit 0.44 0.07 0.44 0.40 0.35 0.80 1.23 0.92 0.39 0.29 0.79 0.77
EPS in Rs 7.33 1.17 7.33 6.67 5.83 11.43 17.57 13.14 5.57 4.14 11.29 11.00

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
11.58 2.67 4.92 5.49 3.50 3.12 3.63 2.68 7.17 7.45 8.17 12.70 9.83
13.93 7.52 5.60 7.12 5.55 4.79 5.48 5.13 5.64 5.51 6.48 7.66 6.01
Operating Profit -2.35 -4.85 -0.68 -1.63 -2.05 -1.67 -1.85 -2.45 1.53 1.94 1.69 5.04 3.82
OPM % -20.29% -181.65% -13.82% -29.69% -58.57% -53.53% -50.96% -91.42% 21.34% 26.04% 20.69% 39.69% 38.86%
Other Income 2.78 14.83 2.04 3.22 4.63 5.28 5.59 4.80 1.58 0.84 0.78 0.58 0.97
Interest 0.77 0.46 0.03 0.04 0.03 0.03 0.02 0.06 0.06 0.06 0.22 0.63 0.76
Depreciation 0.46 0.39 0.40 0.37 0.35 0.35 0.39 0.30 0.30 0.36 0.47 0.62 0.92
Profit before tax -0.80 9.13 0.93 1.18 2.20 3.23 3.33 1.99 2.75 2.36 1.78 4.37 3.11
Tax % -2.50% 0.00% 0.00% -8.47% -31.82% 3.72% 21.62% 50.75% 83.27% 26.69% 29.21% 23.34%
Net Profit -0.82 9.13 0.93 1.28 2.90 3.11 2.61 0.98 0.46 1.73 1.26 3.35 2.24
EPS in Rs -13.67 152.17 15.50 21.33 48.33 51.83 43.50 16.33 7.67 28.83 21.00 47.86 32.00
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:17%
5 Years:28%
3 Years:21%
TTM:-22%
Compounded Profit Growth
10 Years:11%
5 Years:12%
3 Years:229%
TTM:-32%
Stock Price CAGR
10 Years:22%
5 Years:20%
3 Years:-0%
1 Year:107%
Return on Equity
10 Years:23%
5 Years:15%
3 Years:23%
Last Year:28%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
6.10 14.60 14.60 14.60 14.60 14.60 14.60 14.60 6.10 10.10 8.40 6.69 6.69
Reserves -22.24 -13.16 -12.23 -11.54 -9.24 -6.73 -4.29 -3.31 -2.85 -1.11 1.88 6.87 7.96
Borrowings 9.50 1.75 0.86 0.78 0.10 0.10 0.10 0.10 6.58 2.66 1.61 4.92 4.78
16.81 16.28 16.07 15.63 14.53 13.29 13.22 13.23 3.03 7.44 6.81 5.95 6.65
Total Liabilities 10.17 10.97 10.80 10.97 11.49 12.76 15.13 16.12 12.86 15.09 16.70 24.43 26.08
4.06 4.15 4.45 4.53 4.40 4.48 3.86 3.62 3.67 8.28 8.14 15.03 14.67
CWIP 0.00 0.00 0.00 0.10 0.15 0.10 0.10 0.11 0.35 0.01 0.61 0.00 0.00
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
6.11 6.82 6.35 6.34 6.94 8.18 11.17 12.39 8.84 6.80 7.95 9.40 11.41
Total Assets 10.17 10.97 10.80 10.97 11.49 12.76 15.13 16.12 12.86 15.09 16.70 24.43 26.08

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1.11 -11.38 -0.31 1.84 2.39 3.06 0.55 1.49 -0.67 1.74 2.95 5.23
-0.12 14.04 -0.52 0.16 0.10 0.15 1.73 0.73 2.54 -1.57 -1.71 -6.98
-0.98 0.36 -0.30 -1.24 2.13 -1.69 -0.23 0.06 -2.07 0.03 -1.25 1.90
Net Cash Flow 0.01 3.02 -1.13 0.76 4.62 1.52 2.04 2.28 -0.20 0.20 -0.01 0.16

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 29.91% 18.67% 43.87% 45.57% 24.92% 17.80% 18.47% 21.69% 16.48% 32.93%
Debtor Days 31.84 82.02 48.22 41.89 57.36 58.49 97.53 92.61 56.00 49.97 55.84 34.78
Inventory Turnover 1.07 0.64 0.61 1.45 0.97 1.43 1.95 1.75 1.81 1.87 1.92 2.60

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
26.20 26.20 29.63 29.64 32.71 32.71 32.71 32.71 32.71 32.71 32.71 32.71
23.02 23.02 21.97 21.97 20.92 20.92 20.65 20.63 20.63 20.59 20.57 20.53
50.78 50.78 48.40 48.39 46.37 46.37 46.64 46.67 46.67 46.70 46.72 46.76

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