Laxmipati Engineering Works Ltd

About [ edit ]

L. P. Naval & Engg is engaged in the business of fabrication of ships, heavy engineering & allied business.

  • Market Cap 14.4 Cr.
  • Current Price 25.0
  • High / Low 61.2 / 25.0
  • Stock P/E 8.51
  • Book Value 21.7
  • Dividend Yield 0.00 %
  • ROCE 12.0 %
  • ROE 14.5 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.15 times its book value
  • Debtor days have improved from 211.54 to 113.96 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 5.12% for last 3 years.
  • Company might be capitalizing the interest cost

Peer comparison

Sector: Ship Building Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

Operating Profit
OPM %
Other Income
Interest
Depreciation
Profit before tax
Tax %
Net Profit
EPS in Rs

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
0.00 1.19 2.00 2.97 2.77 2.25 1.05 11.29 20.85
0.00 1.06 1.62 1.90 2.09 1.89 1.75 9.29 17.61
Operating Profit 0.00 0.13 0.38 1.07 0.68 0.36 -0.70 2.00 3.24
OPM % 10.92% 19.00% 36.03% 24.55% 16.00% -66.67% 17.71% 15.54%
Other Income 0.00 0.01 0.00 0.00 0.00 0.00 -0.08 0.00 0.02
Interest 0.00 0.02 0.16 0.14 0.11 0.16 0.19 0.45 0.78
Depreciation 0.00 0.04 0.08 0.14 0.13 0.13 0.15 0.31 0.39
Profit before tax 0.00 0.08 0.14 0.79 0.44 0.07 -1.12 1.24 2.09
Tax % 75.00% 42.86% 26.58% 31.82% 28.57% -0.89% 18.55% 19.14%
Net Profit 0.00 0.03 0.08 0.58 0.30 0.05 -1.13 1.01 1.70
EPS in Rs 0.00 0.25 0.14 1.01 0.52 0.09 -1.96 1.76 2.96
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:%
5 Years:48%
3 Years:110%
TTM:85%
Compounded Profit Growth
10 Years:%
5 Years:24%
3 Years:223%
TTM:67%
Stock Price CAGR
10 Years:%
5 Years:-0%
3 Years:-30%
1 Year:-58%
Return on Equity
10 Years:%
5 Years:4%
3 Years:5%
Last Year:15%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
0.01 1.21 5.75 5.75 5.75 5.75 5.75 5.75 5.75
Reserves 0.00 0.03 4.22 4.80 5.10 5.15 4.01 5.02 6.72
Borrowings 0.05 10.20 4.54 3.54 4.08 4.38 7.53 11.69 12.58
0.00 2.10 0.25 0.51 0.59 0.33 0.64 2.20 2.85
Total Liabilities 0.06 13.54 14.76 14.60 15.52 15.61 17.93 24.66 27.90
0.00 1.47 12.27 12.14 12.22 12.15 13.82 15.35 15.56
CWIP 0.00 0.43 1.41 1.48 1.52 1.59 1.59 1.59 3.51
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.06 11.64 1.08 0.98 1.78 1.87 2.52 7.72 8.83
Total Assets 0.06 13.54 14.76 14.60 15.52 15.61 17.93 24.66 27.90

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
0.00 0.03 0.31 0.76 -0.34 0.06 -0.95 -1.71 2.36
-0.01 -12.92 -0.88 -0.07 -0.26 -0.11 -1.83 -1.86 -2.55
0.06 12.89 1.02 -1.12 0.55 0.09 3.07 3.77 0.12
Net Cash Flow 0.05 0.00 0.45 -0.43 -0.04 0.04 0.28 0.20 -0.07

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 1.74% 2.31% 6.50% 3.79% 1.52% -5.22% 8.50% 12.04%
Debtor Days 153.36 31.02 68.82 150.22 188.18 330.24 190.42 113.96
Inventory Turnover 4.40 3.25 -0.50 1.12 0.31 0.27 1.96 1.88

Shareholding Pattern

Numbers in percentages

Sep 2016 Mar 2017 Sep 2017 Mar 2018 Sep 2018 Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021
72.46 72.46 72.46 72.46 72.46 72.46 72.46 72.46 72.46 72.46
27.54 27.54 27.54 27.54 27.54 27.54 27.54 27.54 27.54 27.54

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