Lippi Systems Ltd
Incorporated in 1995, Lippi Systems Ltd manufactures Roto Gravure Printing Cylinder and generates power from wind turbine generator[1]
- Market Cap ₹ 54.2 Cr.
- Current Price ₹ 77.5
- High / Low ₹ 77.5 / 19.9
- Stock P/E 13.1
- Book Value ₹ 29.2
- Dividend Yield 0.00 %
- ROCE -4.88 %
- ROE -3.35 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.65 times its book value
- Company has a low return on equity of -4.77% over last 3 years.
- Earnings include an other income of Rs.7.85 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 Industrial Manufacturing Industrial Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 28.16 | 22.57 | 14.46 | 15.56 | 16.02 | 15.95 | 13.83 | 13.09 | 10.57 | -0.02 | -0.02 | -0.02 | 0.00 | |
| 25.49 | 20.10 | 11.68 | 11.49 | 13.06 | 13.59 | 12.52 | 12.29 | 11.59 | 1.93 | 1.06 | 0.76 | 1.54 | |
| Operating Profit | 2.67 | 2.47 | 2.78 | 4.07 | 2.96 | 2.36 | 1.31 | 0.80 | -1.02 | -1.95 | -1.08 | -0.78 | -1.54 |
| OPM % | 9.48% | 10.94% | 19.23% | 26.16% | 18.48% | 14.80% | 9.47% | 6.11% | -9.65% | ||||
| 0.21 | 0.96 | 0.69 | 1.26 | 1.13 | 1.06 | 1.30 | 0.82 | 3.97 | 0.64 | 0.79 | 0.52 | 7.85 | |
| Interest | 1.08 | 1.47 | 1.53 | 1.35 | 0.96 | 1.06 | 0.99 | 0.68 | 0.45 | 0.00 | 0.01 | 0.00 | 0.00 |
| Depreciation | 1.44 | 1.32 | 1.14 | 1.46 | 1.49 | 1.49 | 1.40 | 1.45 | 1.30 | 0.87 | 0.86 | 0.83 | 0.77 |
| Profit before tax | 0.36 | 0.64 | 0.80 | 2.52 | 1.64 | 0.87 | 0.22 | -0.51 | 1.20 | -2.18 | -1.16 | -1.09 | 5.54 |
| Tax % | 33.33% | 17.19% | 33.75% | 34.13% | 40.85% | 5.75% | 18.18% | -17.65% | 29.17% | -25.69% | -25.86% | -32.11% | |
| 0.23 | 0.54 | 0.53 | 1.66 | 0.96 | 0.83 | 0.18 | -0.42 | 0.84 | -1.62 | -0.86 | -0.74 | 4.13 | |
| EPS in Rs | 0.33 | 0.77 | 0.76 | 2.37 | 1.37 | 1.19 | 0.26 | -0.60 | 1.20 | -2.31 | -1.23 | -1.06 | 5.90 |
| 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: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 18% |
| TTM: | 604% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 51% |
| 3 Years: | 78% |
| 1 Year: | 235% |
| Return on Equity | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | -5% |
| 3 Years: | -5% |
| Last Year: | -3% |
Balance Sheet
Figures in Rs. Crores
| 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 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 |
| Reserves | 12.51 | 12.70 | 13.23 | 15.13 | 16.09 | 16.89 | 17.05 | 16.66 | 17.34 | 15.73 | 14.87 | 14.13 | 13.45 |
| 9.84 | 12.06 | 13.61 | 15.61 | 9.12 | 6.90 | 6.34 | 6.53 | 0.45 | 0.17 | 0.81 | 0.03 | 2.14 | |
| 7.47 | 1.82 | 2.85 | 4.28 | 6.59 | 4.40 | 3.58 | 3.47 | 2.58 | 1.69 | 1.27 | 0.84 | 0.64 | |
| Total Liabilities | 36.82 | 33.58 | 36.69 | 42.02 | 38.80 | 35.19 | 33.97 | 33.66 | 27.37 | 24.59 | 23.95 | 22.00 | 23.23 |
| 12.95 | 12.20 | 17.14 | 17.32 | 16.83 | 15.34 | 14.94 | 13.73 | 8.20 | 7.43 | 6.57 | 5.66 | 5.25 | |
| 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 | 0.00 |
| Investments | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.27 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 23.62 | 21.13 | 19.30 | 24.45 | 21.72 | 19.60 | 18.76 | 19.93 | 19.17 | 17.16 | 17.38 | 16.34 | 17.98 | |
| Total Assets | 36.82 | 33.58 | 36.69 | 42.02 | 38.80 | 35.19 | 33.97 | 33.66 | 27.37 | 24.59 | 23.95 | 22.00 | 23.23 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.63 | -0.38 | 5.14 | 4.66 | 4.45 | 1.22 | 1.43 | 2.52 | -1.05 | -0.32 | -1.40 | 2.09 | |
| -7.60 | -0.78 | -5.97 | -5.26 | 1.83 | 1.53 | -0.10 | -1.81 | 6.98 | 0.43 | 0.72 | 0.55 | |
| 6.03 | 1.07 | 0.87 | 0.64 | -6.33 | -2.76 | -1.34 | -0.71 | -5.73 | -0.28 | 0.64 | -0.78 | |
| Net Cash Flow | 0.06 | -0.09 | 0.04 | 0.05 | -0.05 | -0.01 | -0.02 | -0.01 | 0.19 | -0.17 | -0.04 | 1.86 |
| Free Cash Flow | -6.25 | -1.47 | -0.94 | 3.01 | 3.43 | 1.42 | 0.42 | 2.27 | 6.51 | -0.43 | -1.38 | 2.15 |
| CFO/OP | 61% | -15% | 190% | 122% | 166% | 67% | 121% | 330% | 106% | 16% | 131% | -268% |
Ratios
Figures in Rs. Crores
| 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 | 121.58 | 116.92 | 146.15 | 139.34 | 136.25 | 131.58 | 152.81 | 126.87 | 48.34 | -8,577.50 | -10,220.00 | -10,767.50 |
| Inventory Days | 38.47 | 53.61 | 125.92 | 208.17 | 173.07 | 134.56 | 176.77 | 140.51 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days Payable | 120.61 | 13.06 | 39.99 | 60.68 | 178.81 | 83.52 | 59.24 | 58.14 | ||||
| Cash Conversion Cycle | 39.44 | 157.48 | 232.08 | 286.83 | 130.51 | 182.62 | 270.34 | 209.24 | 48.34 | -8,577.50 | -10,220.00 | -10,767.50 |
| Working Capital Days | -0.91 | -10.67 | -8.08 | 12.43 | 0.23 | 23.11 | 42.49 | 23.42 | 128.11 | 47,997.50 | 43,252.50 | 61,867.50 |
| ROCE % | 5.94% | 6.94% | 7.13% | 10.81% | 7.46% | 6.13% | 3.96% | 0.56% | -6.11% | -9.14% | -5.09% | -4.88% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Electricity Consumption per Unit of Production Units per Sq. Meter |
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| Production Volume of Engraved Cylinders Square Meters |
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| Total Number of Permanent Employees Numbers |
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| Manufacturing Capacity Utilization Percentage |
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| Number of Wind Turbine Machines Numbers |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Open Offer - Updates
2h - Open offer for 33,82,231 shares at ₹56.84; control change to Dholu group, tendering July 10–23, 2026.
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Detailed Public Statement
6h - Mandatory open offer for 33,82,231 shares at ₹56.84; 65 lakh warrants proposed; offer opens July 10, 2026.
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Board Meeting Intimation for Board Meeting U/R 29 Of SEBI (LODR) Regulations, 2015
6h - Board meeting on 30 May 2026 to consider standalone audited financial results for Q4 and year ended 31 March 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - We are submitting herewith the copies of notices published in newspapers of Ahmedabad edition viz. Business Standard (English) and Jai Hind (Regional language) on 23rd …
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Notice Of Extra Ordinary General Meeting Of Lippi Systems Limited
21 May - EGM on June 14, 2026 to raise Rs36.95 crore via 65 lakh convertible warrants and increase capital to Rs15 crore.
Annual reports
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Financial Year 2025
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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 2009
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Financial Year 2008
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Business Overview:[1][2][3]
Company manufactures electronically engraved gravure cylinders for Roto Gravure printing of flexible packaging and decorative laminates.
Its infrastructure comprises of copper plating plant, polishing machines, digital engraving machines, chrome plating machines and proofing presses for digital engravings. Company has marketing offices with pre-press setups in all metros of India. It is also engaged in trading of goods