Dhanlaxmi Cotex Ltd

Dhanlaxmi Cotex Ltd

₹ 67.5 2.37%
12 Jun - close price
About

Incorporated in Dhanlaxmi Cotex Ltd is in the business of investment and trading
in Securities[1]

Key Points

Business Overview:[1]
Company is promoted by Dhanlaxmi Group which has experience in textiles & investments. It has its own weaving unit, yarn dyeing & a process house. Group used to lend money to companies as intercorporate deposits, bills
discounting, promoters funding & equity investments in primary & secondary markets. It diversified into stock broking and acquired membership of BSE & NSE

  • Market Cap 32.9 Cr.
  • Current Price 67.5
  • High / Low 99.0 / 50.0
  • Stock P/E 11.4
  • Book Value 147
  • Dividend Yield 0.00 %
  • ROCE 5.68 %
  • ROE 4.78 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.46 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 4.32% over last 3 years.
  • Earnings include an other income of Rs.2.31 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: Finance Industry: Finance & Investments

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
2.41 6.18 6.41 2.85 3.79 4.50 10.58 4.25 4.36 6.43 12.56 3.66 3.75
3.21 4.94 5.71 3.39 4.29 4.38 10.58 4.46 5.46 5.36 12.40 3.20 4.23
Operating Profit -0.80 1.24 0.70 -0.54 -0.50 0.12 0.00 -0.21 -1.10 1.07 0.16 0.46 -0.48
OPM % -33.20% 20.06% 10.92% -18.95% -13.19% 2.67% 0.00% -4.94% -25.23% 16.64% 1.27% 12.57% -12.80%
1.23 0.81 0.98 0.83 0.39 0.29 0.52 0.15 0.69 0.48 0.99 0.76 0.09
Interest 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
Depreciation 0.00 0.00 0.01 0.01 0.02 0.02 0.03 0.03 0.03 0.03 0.03 0.02 0.01
Profit before tax 0.43 2.05 1.67 0.28 -0.13 0.39 0.49 -0.09 -0.44 1.52 1.12 1.20 -0.40
Tax % 0.00% 23.90% 7.78% -75.00% 15.38% 20.51% 20.41% -11.11% -4.55% 16.45% 18.75% 23.33% 0.00%
0.43 1.55 1.54 0.48 -0.11 0.30 0.39 -0.09 -0.46 1.27 0.92 0.92 -0.40
EPS in Rs 0.88 3.18 3.16 0.99 -0.23 0.62 0.80 -0.18 -0.94 2.61 1.89 1.89 -0.82
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
48.04 36.56 32.18 24.50 14.70 30.18 5.85 9.88 6.88 22.24 25.32 26.41
46.40 34.61 30.48 24.98 13.85 30.36 5.43 6.23 6.45 18.33 24.84 25.19
Operating Profit 1.64 1.95 1.70 -0.48 0.85 -0.18 0.42 3.65 0.43 3.91 0.48 1.22
OPM % 3.41% 5.33% 5.28% -1.96% 5.78% -0.60% 7.18% 36.94% 6.25% 17.58% 1.90% 4.62%
0.17 0.00 0.00 0.89 0.00 1.62 0.05 0.00 -0.13 0.00 -0.01 2.31
Interest 0.00 0.00 0.00 0.18 0.43 0.37 0.05 0.00 0.02 0.00 0.01 0.00
Depreciation 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.11 0.09
Profit before tax 1.80 1.95 1.70 0.23 0.42 1.07 0.42 3.65 0.28 3.87 0.35 3.44
Tax % 18.33% 18.97% 22.94% 8.70% 11.90% 15.89% 11.90% 9.86% 0.00% 14.21% 34.29% 16.28%
1.48 1.57 1.31 0.21 0.37 0.89 0.37 3.29 0.28 3.31 0.24 2.89
EPS in Rs 3.04 3.22 2.69 0.43 0.76 1.83 0.76 6.75 0.57 6.79 0.49 5.93
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: -3%
5 Years: 35%
3 Years: 57%
TTM: 4%
Compounded Profit Growth
10 Years: 6%
5 Years: 51%
3 Years: 89%
TTM: 1056%
Stock Price CAGR
10 Years: 16%
5 Years: 26%
3 Years: 76%
1 Year: -19%
Return on Equity
10 Years: 4%
5 Years: 5%
3 Years: 4%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

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 4.87 4.87 4.87 4.87 4.87 4.87 4.87 4.87 4.87 4.87 4.87 4.87
Reserves 22.88 24.46 25.76 25.97 30.27 31.40 31.24 17.44 30.98 41.38 44.51 66.78
4.97 5.45 0.00 0.00 0.00 0.00 0.00 0.25 0.00 0.00 0.00 0.00
0.24 0.10 0.08 0.08 0.08 0.35 0.08 0.16 0.07 0.27 0.75 0.15
Total Liabilities 32.96 34.88 30.71 30.92 35.22 36.62 36.19 22.72 35.92 46.52 50.13 71.80
0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.78 0.73 0.21
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 6.48 6.01 6.53 5.97 12.63 16.16 17.39 9.95 12.58 15.58 16.48 37.80
26.47 28.86 24.18 24.95 22.59 20.46 18.80 12.77 23.34 30.16 32.92 33.79
Total Assets 32.96 34.88 30.71 30.92 35.22 36.62 36.19 22.72 35.92 46.52 50.13 71.80

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2.69 -3.01 -2.28 -4.13 6.71 -5.62 0.72 -9.21 -3.11 -6.13 -3.68 13.99
2.07 3.61 2.28 4.11 -1.70 -0.29 -0.81 8.75 4.84 6.22 4.23 -15.76
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.02 0.00 0.00 0.00
Net Cash Flow -0.62 0.60 0.00 -0.01 5.00 -5.91 -0.09 -0.45 1.71 0.10 0.56 -1.77

Ratios

Figures in Rs. Crores

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 2.20 64.39 70.21 14.90 24.58 3.02 8.11 0.00 0.00 0.00 0.00 11.33
Inventory Days 102.01 52.81 122.72 304.04 401.01 178.98 1,426.23 444.04 960.91 546.09 471.69 428.56
Days Payable 1.28 0.00 0.00 0.00 0.00 2.68 0.00 0.72 0.00 5.63 11.07 2.05
Cash Conversion Cycle 102.93 117.21 192.93 318.94 425.59 179.32 1,434.34 443.32 960.91 540.46 460.62 437.85
Working Capital Days 169.05 246.00 243.64 313.90 392.31 233.42 1,113.72 224.98 806.40 413.74 425.83 707.89
ROCE % 4.96% 5.78% 5.20% 1.33% 2.58% 4.03% 1.30% 12.44% 1.61% 9.43% 0.77%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
65.57% 65.57% 65.57% 65.57% 65.57% 65.57% 65.57% 68.37% 68.37% 68.37% 68.37% 68.58%
0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10%
34.33% 34.33% 34.33% 34.33% 34.33% 34.33% 34.33% 31.53% 31.53% 31.53% 31.53% 31.32%
No. of Shareholders 1,5541,5541,7371,8191,9181,8481,8341,8441,8341,8191,8391,855

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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