Lakshmi Electrical Control Systems Ltd

Lak. Electrical Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Lakshmi Electrical Control Systems Ltd

₹ 1,302 -0.59%
11 Dec 4:00 p.m.
lecsindia.com BSE: 504258
About

Incorporated in 1981, Lakshmi Electrical Control Systems manufactures and sells control panels and plastic components[1]

Key Points

Business Overview:[1][2]
LECS, part of the Lakshmi Group, specializes in manufacturing control panels for textile machinery, primarily supplying to Lakshmi Machine Works Ltd. The company also produces plastic components for automobile and engineering industries. Formerly, it collaborated with Sprecher+Schuh Switzerland for control gear manufacturing.

Website BSE
  • Market Cap ₹ 320 Cr.
  • Current Price ₹ 1,302
  • High / Low ₹ 1,934 / 1,166
  • Stock P/E 64.6
  • Book Value ₹ 1,224
  • Dividend Yield 1.15 %
  • ROCE 6.86 %
  • ROE 5.05 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 1.06 times its book value
  • Company has been maintaining a healthy dividend payout of 25.8%
  • Debtor days have improved from 83.3 to 65.1 days.

Cons

  • Promoter holding is low: 36.1%
  • Company has a low return on equity of 7.18% over last 3 years.
  • Earnings include an other income of Rs.5.01 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

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
69.91 69.30 80.53 77.52 95.60 91.92 95.78 92.79 102.00 81.23 61.95 51.42 53.42
63.46 64.09 72.99 70.91 86.76 85.97 90.04 86.91 96.93 78.83 59.41 50.21 53.30
Operating Profit 6.45 5.21 7.54 6.61 8.84 5.95 5.74 5.88 5.07 2.40 2.54 1.21 0.12
OPM % 9.23% 7.52% 9.36% 8.53% 9.25% 6.47% 5.99% 6.34% 4.97% 2.95% 4.10% 2.35% 0.22%
1.10 0.46 0.59 0.49 0.92 0.79 0.86 2.49 1.84 1.09 1.26 0.67 1.99
Interest 0.10 0.10 0.12 0.10 0.13 0.16 0.16 0.16 0.11 0.16 0.10 0.14 0.14
Depreciation 0.55 0.55 0.56 0.57 0.59 0.61 0.70 0.71 0.77 0.80 0.85 0.90 0.92
Profit before tax 6.90 5.02 7.45 6.43 9.04 5.97 5.74 7.50 6.03 2.53 2.85 0.84 1.05
Tax % 24.93% 25.30% 29.66% 24.73% 25.44% 28.14% 29.44% 26.27% 26.53% 24.11% 27.37% 2.38% 118.10%
5.18 3.75 5.26 4.84 6.75 4.29 4.05 5.53 4.43 1.92 2.08 0.83 -0.19
EPS in Rs 21.07 15.26 21.40 19.69 27.46 17.45 16.48 22.50 18.02 7.81 8.46 3.38 -0.77
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
130 160 182 187 160 188 191 113 132 256 361 338 248
127 153 172 174 149 173 180 113 128 236 334 322 242
Operating Profit 4 7 10 13 12 16 11 -0 4 20 27 16 6
OPM % 3% 4% 5% 7% 7% 8% 6% -0% 3% 8% 8% 5% 3%
5 5 4 2 3 3 4 3 1 3 3 7 5
Interest 0 0 0 0 0 0 0 0 0 0 1 1 1
Depreciation 3 2 1 2 2 2 2 2 2 2 2 3 3
Profit before tax 5 9 12 13 13 17 13 1 3 21 27 19 7
Tax % 30% 32% 33% 34% 31% 29% 22% 53% -17% 25% 27% 26%
4 6 8 9 9 12 10 0 3 15 20 14 5
EPS in Rs 15.46 25.92 33.52 34.99 35.80 47.76 41.54 1.75 12.45 63.02 81.08 56.79 18.88
Dividend Payout % 13% 19% 21% 23% 22% 21% 22% 29% 28% 24% 27% 26%
Compounded Sales Growth
10 Years: 8%
5 Years: 12%
3 Years: 37%
TTM: -35%
Compounded Profit Growth
10 Years: 7%
5 Years: 5%
3 Years: 36%
TTM: -73%
Stock Price CAGR
10 Years: 11%
5 Years: 34%
3 Years: 28%
1 Year: -15%
Return on Equity
10 Years: 6%
5 Years: 6%
3 Years: 7%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2 2 2 2 2 2 2 2 2 2 2 2 2
Reserves 72 76 82 89 135 167 168 132 174 211 230 279 298
3 3 1 3 22 5 5 0 11 6 8 7 11
30 36 38 27 27 32 24 23 39 57 70 49 62
Total Liabilities 107 118 124 121 186 207 200 158 226 277 310 337 374
12 14 23 26 25 26 26 35 33 33 38 44 44
CWIP 0 1 3 0 0 0 0 0 0 1 1 3 3
Investments 11 11 11 1 59 103 100 70 103 126 130 177 205
84 93 88 93 102 77 75 53 89 116 141 113 122
Total Assets 107 118 124 121 186 207 200 158 226 277 310 337 374

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
6 -3 -9 2 1 15 7 8 -10 7 11 16
4 0 -8 9 -18 4 -4 -1 -1 -1 -8 -9
0 -0 -4 -1 17 -19 -3 -8 10 -6 -3 -7
Net Cash Flow 11 -3 -22 10 0 -0 -0 -0 -0 -0 -0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 59 58 66 70 88 97 78 99 124 95 90 65
Inventory Days 37 42 51 38 41 42 49 81 108 54 40 41
Days Payable 87 86 75 46 59 57 42 70 108 74 67 35
Cash Conversion Cycle 9 13 42 62 71 82 85 110 124 75 62 70
Working Capital Days 21 31 57 70 101 77 79 104 119 71 62 63
ROCE % 7% 12% 15% 15% 11% 10% 7% 1% 3% 10% 12% 7%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
36.13% 36.13% 36.13% 36.14% 36.14% 36.14% 36.14% 36.14% 36.14% 36.14% 36.14% 36.14%
63.86% 63.86% 63.86% 63.86% 63.85% 63.86% 63.86% 63.86% 63.86% 63.86% 63.87% 63.86%
No. of Shareholders 9,0379,0169,0309,1419,1149,1229,0319,84110,30210,1539,9669,875

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