Laxmipati Engineering Works Ltd
Laxmipati Engineering Works Limited (Formerly known as L. P. Naval & Engineering Limited) is engaged in the Business of Fabrication, Heavy Engineering, Engineering Infrastructure and services and Shut down maintenance projects. The company was incorporated in 2012 as a Ship Building company and has build itself as a reliable partner Manufacturing, Engineering Services, Repair and Upgrade.[1]
- Market Cap ₹ 172 Cr.
- Current Price ₹ 300
- High / Low ₹ 452 / 168
- Stock P/E 22.9
- Book Value ₹ 61.9
- Dividend Yield 0.00 %
- ROCE 21.8 %
- ROE 34.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 25.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 50.8%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.24.1 Cr.
- Debtor days have increased from 60.3 to 79.5 days.
* 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.
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3 | 3 | 2 | 1 | 11 | 21 | 19 | 28 | 15 | 40 | 50 | 72 | |
| 2 | 2 | 2 | 2 | 9 | 18 | 23 | 24 | 16 | 34 | 40 | 59 | |
| Operating Profit | 1 | 1 | 0 | -1 | 2 | 3 | -5 | 4 | -0 | 6 | 10 | 13 |
| OPM % | 36% | 25% | 16% | -67% | 18% | 16% | -25% | 15% | -2% | 15% | 20% | 18% |
| 0 | 0 | 0 | -0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 24 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 3 | 4 | 4 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 0 | 0 | -1 | 1 | 2 | -7 | 0 | -4 | 1 | 5 | 33 |
| Tax % | 27% | 32% | 29% | 1% | 19% | 19% | -1% | 52% | 7% | 17% | -39% | 18% |
| 1 | 0 | 0 | -1 | 1 | 2 | -7 | 0 | -5 | 1 | 6 | 27 | |
| EPS in Rs | 1.01 | 0.52 | 0.09 | -1.96 | 1.76 | 2.96 | -11.60 | 0.40 | -8.22 | 1.36 | 11.30 | 47.01 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 39% |
| 5 Years: | 31% |
| 3 Years: | 68% |
| TTM: | 44% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 38% |
| 5 Years: | 26% |
| 3 Years: | 53% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 64% |
| 3 Years: | % |
| 1 Year: | 53% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 27% |
| 3 Years: | 51% |
| Last Year: | 34% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 5 | 5 | 5 | 4 | 5 | 7 | 0 | 0 | -4 | -4 | 3 | 30 |
| 4 | 4 | 4 | 8 | 12 | 13 | 25 | 31 | 38 | 40 | 45 | 17 | |
| 1 | 1 | 0 | 1 | 2 | 3 | 5 | 4 | 5 | 4 | 6 | 12 | |
| Total Liabilities | 15 | 16 | 16 | 18 | 25 | 28 | 36 | 40 | 44 | 46 | 60 | 65 |
| 12 | 12 | 12 | 14 | 15 | 16 | 17 | 25 | 30 | 30 | 32 | 23 | |
| CWIP | 1 | 2 | 2 | 2 | 2 | 4 | 7 | 7 | 2 | 2 | 2 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 2 | 2 | 3 | 8 | 9 | 11 | 9 | 12 | 14 | 26 | 35 | |
| Total Assets | 15 | 16 | 16 | 18 | 25 | 28 | 36 | 40 | 44 | 46 | 60 | 65 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | -0 | 0 | -1 | -2 | 2 | -5 | 5 | -3 | 3 | 2 | 5 | |
| -0 | -0 | -0 | -2 | -2 | -3 | -6 | -9 | -1 | -1 | -3 | 26 | |
| -1 | 1 | 0 | 3 | 4 | 0 | 10 | 3 | 4 | -1 | 1 | -31 | |
| Net Cash Flow | -0 | -0 | 0 | 0 | 0 | -0 | -0 | -0 | -0 | 0 | -0 | -0 |
| Free Cash Flow | 1 | -1 | -0 | -3 | -4 | -0 | -10 | -4 | -4 | 1 | -0 | 30 |
| CFO/OP | 90% | -31% | 22% | 136% | -76% | 85% | 105% | 124% | 997% | 45% | 24% | 50% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 69 | 150 | 188 | 330 | 190 | 114 | 128 | 53 | 76 | 29 | 73 | 80 |
| Inventory Days | 548 | 1,669 | 202 | 279 | 510 | 203 | 1,075 | 189 | 243 | 206 | ||
| Days Payable | 629 | 1,043 | 301 | 328 | 515 | 148 | 364 | 38 | 60 | 56 | ||
| Cash Conversion Cycle | 69 | 69 | 188 | 956 | 92 | 65 | 122 | 108 | 787 | 180 | 256 | 230 |
| Working Capital Days | -334 | -340 | -449 | 577 | 177 | 102 | 121 | 51 | 76 | 53 | 100 | 75 |
| ROCE % | 6% | 4% | 2% | -5% | 8% | 12% | -18% | 10% | -4% | 12% | 19% | 22% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Number of Permanent Employees Employees |
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| Number of Principal Clients Clients |
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| Revenue Share - Defence Sector % |
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| Number of Projects Completed Projects |
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| Palsana Workshop Capacity Utilization % |
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Extracted by Screener AI
Documents
Announcements
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Results: Financial Results For Half Year And Year Ended March 31, 2026.
26 May - Board approved FY26 audited results; revenue 7,199.37 lakh, net profit 2,703.59 lakh, unmodified audit opinion.
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Board Meeting Outcome for Of The Company Held On May 26, 2026 And Submission Of Standalone Audited Financial Results For The Half Year And Year Ended March 31, 2026
26 May - Board approved FY26 audited standalone results; auditor issued unmodified opinion on March 31, 2026 results.
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Board Meeting Intimation for Notice Of Board Meeting To Be Held On 26/05/2026
16 May - Board meeting on May 26, 2026 to approve audited results for half year and year ended March 31, 2026.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
14 May - FY26 secretarial compliance report filed; minor procedural issues noted, including SDD software corruption and disclosure errors.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
11 Apr - Company says it is not a Large Corporate as of March 31, 2026; debt rules not applicable.
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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Business[1]
Laxmipati Engineering Works Limited generates its major revenue by providing manpower and fabricating service to Engineering sector.