Lakshmi Mills Company Ltd

Lakshmi Mills Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Lakshmi Mills Company Ltd

₹ 4,564 -1.03%
19 Apr - close price
lakshmimills.com BSE: 502958
About

Incorporated in 1910, The Lakshmi Mills Company Ltd manufactures Yarn and trades in cloth & garments, and also
rents out properties[1]

Key Points

Business Overview:[1]
LMC is in the business of manufacturing cotton yarn and polyester-blended yarn. It produces yarn in the count range of 60s to 100s. Its Kovilpatti unit manufactures polyester-blend yarn and Palladam unit produces both, cotton yarn and polyester-blended yarn. Company makes fabric from its own yarn and is enganged in trading of cloth and garments

Website BSE
  • Market Cap ₹ 318 Cr.
  • Current Price ₹ 4,564
  • High / Low ₹ 5,100 / 3,303
  • Stock P/E
  • Book Value ₹ 12,181
  • Dividend Yield 0.20 %
  • ROCE 0.03 %
  • ROE -0.97 %
  • Face Value ₹ 100
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Pros

  • Stock is trading at 0.37 times its book value
  • Debtor days have improved from 38.1 to 19.6 days.
  • Company's working capital requirements have reduced from 62.6 days to 49.0 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.05% over past five years.
  • Company has a low return on equity of 1.44% over last 3 years.
  • Earnings include an other income of Rs.8.08 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: Textiles Industry: Textiles - Composite

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Quarterly Results

Figures in Rs. Crores

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
63.91 75.41 70.85 93.39 79.75 102.73 93.05 57.30 44.85 44.84 62.39 53.19 69.85
54.04 59.41 60.84 77.86 67.02 92.20 82.18 60.40 47.98 46.09 66.06 57.09 66.07
Operating Profit 9.87 16.00 10.01 15.53 12.73 10.53 10.87 -3.10 -3.13 -1.25 -3.67 -3.90 3.78
OPM % 15.44% 21.22% 14.13% 16.63% 15.96% 10.25% 11.68% -5.41% -6.98% -2.79% -5.88% -7.33% 5.41%
0.64 -1.14 0.36 0.80 0.18 0.61 0.80 2.38 1.51 0.69 0.56 6.21 0.62
Interest 3.00 2.78 3.05 3.01 2.61 1.97 1.95 1.98 1.51 1.88 2.11 2.16 2.84
Depreciation 1.50 1.98 1.49 1.61 1.94 2.14 1.70 1.89 2.13 2.51 3.03 4.73 5.22
Profit before tax 6.01 10.10 5.83 11.71 8.36 7.03 8.02 -4.59 -5.26 -4.95 -8.25 -4.58 -3.66
Tax % 26.96% 34.55% 22.81% 29.12% 22.13% 32.29% 29.05% 32.24% 25.48% 25.45% 28.85% 25.76% 25.41%
4.39 6.61 4.50 8.30 6.51 4.75 5.70 -3.11 -3.92 -3.68 -5.87 -3.40 -2.72
EPS in Rs 63.11 95.03 64.69 119.32 93.59 68.29 81.94 -44.71 -56.35 -52.90 -84.39 -48.88 -39.10
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
149 164 218 221 199 227 239 248 218 184 347 240 230
157 148 204 205 185 214 220 233 211 160 297 236 235
Operating Profit -7 16 14 17 15 13 20 15 8 24 50 4 -5
OPM % -5% 9% 7% 8% 7% 6% 8% 6% 3% 13% 14% 2% -2%
9 9 11 3 4 8 2 4 12 1 2 6 8
Interest 14 14 11 10 10 10 10 11 11 12 12 8 9
Depreciation 7 5 5 7 7 7 9 11 8 6 7 8 15
Profit before tax -19 5 10 3 1 4 3 -4 0 6 33 -7 -21
Tax % 31% -121% 5% -52% 28% 76% 48% -91% 453% 43% 27% 26%
-13 11 9 4 1 1 1 -8 -2 4 24 -5 -16
EPS in Rs -189.48 158.86 135.14 61.67 15.09 15.38 20.41 -114.00 -21.85 52.76 345.89 -72.02 -225.27
Dividend Payout % -0% 8% 11% 24% 60% 59% 44% -4% -0% -0% 7% -12%
Compounded Sales Growth
10 Years: 4%
5 Years: 0%
3 Years: 3%
TTM: -23%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 8%
TTM: -705%
Stock Price CAGR
10 Years: 11%
5 Years: 12%
3 Years: 27%
1 Year: 23%
Return on Equity
10 Years: 1%
5 Years: 0%
3 Years: 1%
Last Year: -1%

Balance Sheet

Figures in Rs. Crores

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 7 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 107 117 125 128 128 351 484 437 236 470 624 634 840
94 72 67 62 62 64 77 85 86 83 83 110 139
21 32 41 36 37 43 48 37 37 33 62 70 108
Total Liabilities 229 228 241 233 235 464 616 566 366 593 777 822 1,094
64 41 45 43 42 153 161 153 158 157 159 170 232
CWIP -0 -0 -0 0 -0 0 -0 1 -0 1 5 45 5
Investments 2 2 2 2 2 223 363 319 121 355 504 526 766
163 185 194 187 192 88 93 93 86 80 108 81 90
Total Assets 229 228 241 233 235 464 616 566 366 593 777 822 1,094

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 4 5 19 11 16 13 3 29 8 28 38
3 32 11 -2 -3 -9 -15 -0 -20 -4 -14 -56
-10 -36 -16 -15 -10 -7 4 -2 -10 -4 -14 19
Net Cash Flow -0 -1 1 1 -2 -0 1 1 -1 -0 -0 -0

Ratios

Figures in Rs. Crores

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 32 51 40 33 40 32 51 48 44 61 34 20
Inventory Days 412 591 406 398 506 104 84 84 101 105 106 118
Days Payable 35 84 73 54 81 68 78 45 50 43 35 51
Cash Conversion Cycle 409 558 373 376 464 68 58 88 96 123 105 86
Working Capital Days 248 250 192 186 226 28 26 44 46 78 61 49
ROCE % -4% 8% 7% 8% 6% 5% 3% 1% 1% 4% 7% 0%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.36% 63.43% 63.68% 63.77% 63.96% 63.97% 64.31% 64.43% 64.43% 64.55% 64.67% 65.01%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
4.03% 4.03% 3.68% 3.68% 3.67% 3.42% 3.09% 2.84% 2.84% 2.70% 2.55% 2.55%
0.73% 0.73% 0.73% 0.73% 0.73% 0.73% 0.73% 0.73% 0.73% 0.73% 0.73% 0.73%
31.87% 31.80% 31.91% 31.82% 31.63% 31.87% 31.86% 31.99% 31.98% 32.02% 32.03% 31.70%
No. of Shareholders 5,0595,1785,2895,2655,2855,4915,3085,2685,3345,2985,2295,292

* 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.

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