LKP Securities Ltd

About

LKP Securities is engaged in the business of stock and securities broker and providing other financial service with nationwide network across assets classes equities, debt, structured products, Portfolio Management services and Third party distribution.

  • Market Cap 102 Cr.
  • Current Price 13.7
  • High / Low 17.7 / 4.80
  • Stock P/E 16.2
  • Book Value 5.95
  • Dividend Yield 1.46 %
  • ROCE 12.1 %
  • ROE 9.70 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Debtor days have improved from 130.73 to 79.84 days.
  • Promoter holding has increased by 4.78% over last quarter.

Cons

  • The company has delivered a poor sales growth of 7.72% over past five years.
  • Company has a low return on equity of 6.58% for last 3 years.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
20.45 18.11 36.65 16.55 18.86 19.28 19.68 18.25 22.93 21.03 22.33 22.76
18.81 19.86 28.59 15.64 15.61 16.71 18.92 15.87 16.63 17.68 26.57 17.14
Operating Profit 1.64 -1.75 8.06 0.91 3.25 2.57 0.76 2.38 6.30 3.35 -4.24 5.62
OPM % 8.02% -9.66% 21.99% 5.50% 17.23% 13.33% 3.86% 13.04% 27.47% 15.93% -18.99% 24.69%
Other Income 0.04 0.20 0.08 0.28 0.14 0.05 0.09 0.13 0.14 0.14 0.24 0.15
Interest 1.84 1.74 2.13 1.49 1.76 0.81 0.61 0.24 0.26 0.38 0.31 0.29
Depreciation 0.19 0.23 0.25 0.72 0.70 0.64 -0.90 0.31 0.33 0.50 0.49 0.60
Profit before tax -0.35 -3.52 5.76 -1.02 0.93 1.17 1.14 1.96 5.85 2.61 -4.80 4.88
Tax % -14.29% -2.84% -19.79% -14.71% -21.51% 12.82% 44.74% 30.10% 23.42% 28.74% 22.29% 23.57%
Net Profit -0.40 -3.63 6.90 -1.16 1.13 1.03 0.64 1.37 4.47 1.86 -3.73 3.73
EPS in Rs -0.05 -0.50 0.93 -0.16 0.15 0.14 0.09 0.19 0.60 0.25 -0.50 0.50

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
58.29 65.88 87.84 95.58 73.85 84.53 89.05
54.69 60.68 66.70 86.39 66.36 76.57 78.02
Operating Profit 3.60 5.20 21.14 9.19 7.49 7.96 11.03
OPM % 6.18% 7.89% 24.07% 9.61% 10.14% 9.42% 12.39%
Other Income 0.07 0.17 0.11 0.36 0.55 0.48 0.67
Interest 3.46 4.22 6.72 7.58 4.66 1.19 1.24
Depreciation 1.36 1.10 0.96 0.88 1.16 1.64 1.92
Profit before tax -1.15 0.05 13.57 1.09 2.22 5.61 8.54
Tax % -24.35% -1,080.00% 39.43% -95.41% 27.03% 29.41%
Net Profit -1.43 0.60 8.22 2.12 1.63 3.97 6.33
EPS in Rs 0.08 1.12 0.29 0.22 0.54 0.85
Dividend Payout % 0.00% 0.00% 8.91% 0.00% 0.00% 37.25%
Compounded Sales Growth
10 Years:%
5 Years:8%
3 Years:-1%
TTM:17%
Compounded Profit Growth
10 Years:%
5 Years:37%
3 Years:-21%
TTM:52%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:1%
1 Year:128%
Return on Equity
10 Years:%
5 Years:9%
3 Years:7%
Last Year:10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
34.25 14.64 14.64 14.79 14.79 14.79
Reserves -4.81 12.96 21.90 23.86 25.39 29.60
Borrowings 74.73 65.81 63.23 28.06 17.76 13.08
82.67 77.17 65.03 77.33 87.03 138.06
Total Liabilities 157.84 170.58 164.80 144.04 144.97 195.53
5.01 4.56 4.68 5.84 6.18 15.18
CWIP 0.00 0.00 0.00 0.08 0.15 0.10
Investments 1.80 2.33 3.09 5.44 6.72 3.66
151.03 163.69 157.03 132.68 131.92 176.59
Total Assets 157.84 170.58 164.80 144.04 144.97 195.53

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-19.73 31.42 8.45 45.01 1.56 47.32
1.58 -13.36 5.43 3.65 24.15 -9.78
16.74 -12.97 -8.65 -45.31 -14.05 -6.55
Net Cash Flow -1.41 5.09 5.23 3.34 11.66 30.99

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 665.32 325.94 277.28 196.09 116.25 79.84
Inventory Days
Days Payable
Cash Conversion Cycle 665.32 325.94 277.28 196.09 116.25 79.84
Working Capital Days 422.48 153.30 130.18 -19.40 -43.15 -270.44
ROCE % 4.34% 21.02% 10.42% 11.04% 12.08%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
65.41 65.77 65.14 66.03 66.03 66.03 66.03 66.03 66.13 66.13 66.13 70.91
2.80 2.80 2.84 2.91 2.91 2.91 2.91 2.91 4.94 4.94 4.94 4.34
0.03 0.03 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03
31.77 31.40 31.99 31.04 31.04 31.04 31.04 31.04 28.90 28.90 28.90 24.73

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