LKP Securities Ltd

LKP Securities Ltd

₹ 19.6 -2.29%
23 Feb - close price
About

Incorporated in 1948, LKP Securities Ltd provides stock and securities broking and other financial services[1]

Key Points

Business Overview:[1][2]
Company offers research based equity advisory and trading services viz. equities, debt, structured products, Portfolio Management services and Third party distribution, etc. to individuals, corporates and retail clients. It has presence in 150+ cities in India

  • Market Cap 155 Cr.
  • Current Price 19.6
  • High / Low 25.0 / 10.0
  • Stock P/E 45.9
  • Book Value 8.60
  • Dividend Yield 0.51 %
  • ROCE 8.79 %
  • ROE 5.16 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 26.5%
  • Promoter holding has increased by 0.87% over last quarter.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.29% over past five years.
  • Company has a low return on equity of 13.4% over last 3 years.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
20.87 22.11 22.55 23.80 22.52 23.77 18.08 21.47 19.96 16.91 18.17 21.46 24.12
17.53 26.34 16.88 17.18 17.51 19.29 15.68 17.97 17.69 16.67 15.93 18.49 19.12
Operating Profit 3.34 -4.23 5.67 6.62 5.01 4.48 2.40 3.50 2.27 0.24 2.24 2.97 5.00
OPM % 16.00% -19.13% 25.14% 27.82% 22.25% 18.85% 13.27% 16.30% 11.37% 1.42% 12.33% 13.84% 20.73%
0.14 0.24 0.14 0.10 0.18 0.34 0.17 0.12 0.29 0.89 0.59 0.11 0.11
Interest 0.38 0.31 0.29 0.70 0.61 0.81 0.60 0.54 0.65 0.85 0.77 1.23 1.68
Depreciation 0.50 0.49 0.60 0.50 0.50 0.49 0.57 0.60 0.70 0.92 0.94 0.93 0.94
Profit before tax 2.60 -4.79 4.92 5.52 4.08 3.52 1.40 2.48 1.21 -0.64 1.12 0.92 2.49
Tax % 28.85% 22.34% 23.37% 32.61% 29.41% 16.48% 28.57% 29.44% 28.10% 29.69% -26.79% 28.26% 29.72%
1.85 -3.72 3.77 3.72 2.88 2.94 1.00 1.74 0.88 -0.45 1.42 0.66 1.75
EPS in Rs 0.25 -0.50 0.51 0.50 0.39 0.39 0.13 0.23 0.12 -0.06 0.18 0.08 0.22
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
42.13 43.84 39.21 59.34 58.27 65.61 86.41 94.77 73.04 83.74 92.68 76.97 80.66
40.56 39.09 42.13 54.42 54.67 60.55 65.66 86.68 65.58 75.86 70.88 68.02 70.21
Operating Profit 1.57 4.75 -2.92 4.92 3.60 5.06 20.75 8.09 7.46 7.88 21.80 8.95 10.45
OPM % 3.73% 10.83% -7.45% 8.29% 6.18% 7.71% 24.01% 8.54% 10.21% 9.41% 23.52% 11.63% 12.96%
2.11 0.36 0.65 0.09 0.07 0.17 0.11 0.36 0.55 0.48 0.73 0.93 1.70
Interest 3.34 6.61 2.47 2.48 3.46 4.22 6.72 6.78 4.66 1.19 2.40 2.64 4.53
Depreciation 1.88 1.69 1.60 3.48 1.36 1.10 0.96 0.88 1.16 1.64 2.09 2.80 3.73
Profit before tax -1.54 -3.19 -6.34 -0.95 -1.15 -0.09 13.18 0.79 2.19 5.53 18.04 4.44 3.89
Tax % 18.18% -0.31% 23.03% 115.79% -24.35% 655.56% 39.53% -140.51% 28.77% 29.29% 26.27% 28.83%
-1.26 -3.19 -4.87 0.16 -1.43 0.50 7.97 1.90 1.57 3.92 13.31 3.16 3.38
EPS in Rs 0.07 1.09 0.26 0.21 0.53 1.78 0.40 0.42
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 9.18% 0.00% 0.00% 37.73% 16.87% 24.81%
Compounded Sales Growth
10 Years: 6%
5 Years: -2%
3 Years: 2%
TTM: -3%
Compounded Profit Growth
10 Years: 12%
5 Years: -17%
3 Years: 26%
TTM: -48%
Stock Price CAGR
10 Years: %
5 Years: 19%
3 Years: 42%
1 Year: 50%
Return on Equity
10 Years: 9%
5 Years: 10%
3 Years: 13%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5.25 5.25 5.25 5.25 5.25 14.64 14.64 14.79 14.79 14.79 14.97 15.68 15.84
Reserves 4.53 1.34 -3.53 -3.38 -4.81 12.86 21.56 23.30 24.77 28.93 41.93 49.44 52.27
Preference Capital 17.00 17.00 29.00 29.00 29.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
36.21 50.29 36.30 57.99 74.73 65.81 63.54 28.06 17.76 18.32 17.31 21.55 41.74
77.16 57.62 81.29 74.53 82.65 77.12 64.52 77.18 86.94 132.66 136.25 79.28 129.76
Total Liabilities 123.15 114.50 119.31 134.39 157.82 170.43 164.26 143.33 144.26 194.70 210.46 165.95 239.61
7.63 6.60 7.85 5.90 5.01 4.56 4.68 5.84 6.18 15.16 14.65 23.52 22.71
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.08 0.15 0.00 0.44 0.00 0.00
Investments 2.10 2.04 2.04 2.01 1.90 2.84 3.85 6.20 6.85 3.77 4.77 6.29 3.73
113.42 105.86 109.42 126.48 150.91 163.03 155.73 131.21 131.08 175.77 190.60 136.14 213.17
Total Assets 123.15 114.50 119.31 134.39 157.82 170.43 164.26 143.33 144.26 194.70 210.46 165.95 239.61

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-18.72 -12.80 1.46 -16.39 -19.73 31.37 8.81 44.34 1.15 46.95 27.60 -72.82
-0.81 1.32 -1.54 0.04 1.58 -13.77 5.18 3.65 25.13 -9.68 0.00 12.85
18.45 14.08 -1.98 21.68 16.74 -12.97 -8.34 -45.31 -14.05 -6.55 -4.93 -1.06
Net Cash Flow -1.08 2.60 -2.06 5.32 -1.41 4.64 5.65 2.68 12.23 30.72 22.67 -61.03

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 705.31 596.87 679.73 513.18 665.54 326.67 277.01 196.42 116.24 79.02 83.41 94.61
Inventory Days
Days Payable
Cash Conversion Cycle 705.31 596.87 679.73 513.18 665.54 326.67 277.01 196.42 116.24 79.02 83.41 94.61
Working Capital Days 260.95 325.95 297.14 303.06 422.69 152.99 130.14 -21.45 -46.07 -250.71 -284.19 -2.09
ROCE % 1.05% 5.00% -5.49% 2.00% 2.39% 4.20% 20.63% 9.13% 11.10% 11.54% 30.00% 8.79%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
66.13% 70.91% 70.24% 70.24% 70.04% 70.04% 70.04% 69.70% 70.70% 70.70% 70.99% 71.86%
4.94% 4.34% 4.30% 4.30% 4.29% 4.29% 4.29% 4.27% 4.09% 4.09% 4.05% 3.94%
0.02% 0.03% 0.03% 0.03% 0.02% 0.02% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
28.90% 24.73% 25.44% 25.44% 25.64% 25.64% 25.65% 26.01% 25.18% 25.18% 24.93% 24.17%
No. of Shareholders 6,6507,8458,44710,15110,14310,47110,47012,01212,03312,47512,64612,673

* 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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