Lakshmi Mills Company Ltd

₹ 3,543 1.34%

29 Mar - close price

About

Lakshmi Mills Company is engaged in the manufacture of yarn and trading in cloth and garments catering to both domestic and international markets. ^[1]

Key Points

Products
Yarns - 100% Cotton Yarns, Polyester Blended Yarns, Polyester-cotton (Pc) Blended Yarns, Pc Yarns, Pc Slub Yarns, Chief Value Cotton (Cvc) Yarns. ^[1]
Fabrics - Grey Fabrics (100% Cotton, Pc-blends, Cotton Lycra), Processed Fabrics, Dyed Fabrics, Bed Linen, School, And Corporate Uniforms. ^[2]
Special Products - Hospital fabrics for patients, rooms, and staff such as gowns, aprons, maxi dresses, bedspreads, pillow covers, mattresses, coats, gowns, pajama-vest, and other uniforms. ^[3]

Website BSE

Market Cap ₹ 247 Cr.
Current Price ₹ 3,543
High / Low ₹ 5,294 / 3,010
Stock P/E 94.1
Book Value ₹ 10,893
Dividend Yield 0.71 %
ROCE 7.08 %
ROE 4.41 %
Face Value ₹ 100

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Pros

Stock is trading at 0.33 times its book value
Debtor days have improved from 46.2 to 34.1 days.

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of 8.82% over past five years.
Company has a low return on equity of 1.61% over last 3 years.
Earnings include an other income of Rs.5.42 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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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
	57.40	50.93	8.11	36.48	63.91	75.41	70.85	93.39	79.75	102.73	93.05	57.17	44.85
	56.12	47.02	10.68	36.95	54.04	59.41	60.84	77.86	67.02	92.20	82.18	60.39	47.98
Operating Profit	1.28	3.91	-2.57	-0.47	9.87	16.00	10.01	15.53	12.73	10.53	10.87	-3.22	-3.13
OPM %	2.23%	7.68%	-31.69%	-1.29%	15.44%	21.22%	14.13%	16.63%	15.96%	10.25%	11.68%	-5.63%	-6.98%
	0.17	0.50	1.05	0.67	0.64	-1.14	0.36	0.80	0.18	0.61	0.80	2.50	1.51
Interest	2.33	2.76	2.62	3.11	3.00	2.78	3.05	3.01	2.61	1.97	1.95	1.98	1.51
Depreciation	2.02	2.26	1.14	1.49	1.50	1.98	1.49	1.61	1.94	2.14	1.70	1.89	2.13
Profit before tax	-2.90	-0.61	-5.28	-4.40	6.01	10.10	5.83	11.71	8.36	7.03	8.02	-4.59	-5.26
Tax %	-6.21%	27.87%	22.92%	25.68%	26.96%	34.55%	22.81%	29.12%	22.13%	32.29%	29.05%	32.24%	25.48%
Net Profit	-3.08	-0.44	-4.07	-3.26	4.39	6.61	4.50	8.30	6.51	4.75	5.70	-3.11	-3.92
EPS in Rs	-44.28	-6.33	-58.51	-46.87	63.11	95.03	64.69	119.32	93.59	68.29	81.94	-44.71	-56.35
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Profit & Loss

Figures in Rs. Crores

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
	176	149	164	218	221	199	227	239	248	218	184	347	298
	158	157	148	204	205	185	214	220	233	211	160	297	283
Operating Profit	18	-7	16	14	17	15	13	20	15	8	24	50	15
OPM %	10%	-5%	9%	7%	8%	7%	6%	8%	6%	3%	13%	14%	5%
	4	9	9	11	3	4	8	2	4	12	1	2	5
Interest	12	14	14	11	10	10	10	10	11	11	12	12	7
Depreciation	7	7	5	5	7	7	7	9	11	8	6	7	8
Profit before tax	4	-19	5	10	3	1	4	3	-4	0	6	33	5
Tax %	-39%	31%	-121%	5%	-52%	28%	76%	48%	-91%	453%	43%	27%
Net Profit	5	-13	11	9	4	1	1	1	-8	-2	4	24	3
EPS in Rs	76.77	-189.48	158.86	135.14	61.67	15.09	15.38	20.41	-114.00	-21.85	52.76	345.89	49.17
Dividend Payout %	12%	0%	8%	11%	24%	60%	59%	44%	-4%	0%	0%	7%

Compounded Sales Growth
10 Years:	9%
5 Years:	9%
3 Years:	12%
TTM:	-7%

Compounded Profit Growth
10 Years:	13%
5 Years:	87%
3 Years:	72%
TTM:	-90%

Stock Price CAGR
10 Years:	9%
5 Years:	2%
3 Years:	37%
1 Year:	-12%

Return on Equity
10 Years:	1%
5 Years:	1%
3 Years:	2%
Last Year:	4%

Balance Sheet

Figures in Rs. Crores

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Sep 2022
	7	7	7	7	7	7	7	7	7	7	7	7	7
Reserves	120	107	117	125	128	128	351	484	437	236	470	624	751
	90	94	72	67	62	62	64	77	85	86	83	83	88
	26	21	32	41	36	37	43	48	37	37	33	62	74
Total Liabilities	243	229	228	241	233	235	464	616	566	366	593	777	920
	68	64	41	45	43	42	153	161	153	158	157	159	162
CWIP	0	0	0	0	0	0	0	0	1	0	1	5	24
Investments	2	2	2	2	2	2	223	363	319	121	355	504	646
	174	163	185	194	187	192	88	93	93	86	80	108	88
Total Assets	243	229	228	241	233	235	464	616	566	366	593	777	920

Cash Flows

Figures in Rs. Crores

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	11	6	4	5	19	11	16	13	3	29	8	28
	3	3	32	11	-2	-3	-9	-15	-0	-20	-4	-14
	-16	-10	-36	-16	-15	-10	-7	4	-2	-10	-4	-14
Net Cash Flow	-2	-0	-1	1	1	-2	-0	1	1	-1	-0	0

Ratios

Figures in Rs. Crores

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Debtor Days	29	32	51	40	33	40	32	51	48	44	61	34
Inventory Days	528	412	591	406	398	506	104	84	84	101	105	106
Days Payable	61	35	84	73	54	81	68	78	45	50	43	38
Cash Conversion Cycle	496	409	558	373	376	464	68	58	88	96	123	102
Working Capital Days	227	248	250	192	186	226	28	26	44	46	78	61
ROCE %	6%	-4%	8%	7%	8%	6%	5%	3%	1%	1%	4%	7%

Shareholding Pattern

Numbers in percentages

Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
63.04	63.07	63.07	63.14	63.36	63.36	63.43	63.68	63.77	63.96	63.97	64.31
4.47	4.47	4.47	4.46	4.03	4.03	4.03	3.68	3.68	3.67	3.42	3.09
0.73	0.73	0.73	0.73	0.73	0.73	0.73	0.73	0.73	0.73	0.73	0.73
31.76	31.73	31.73	31.66	31.87	31.87	31.80	31.91	31.82	31.63	31.87	31.86

* 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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Lakshmi Mills Company Ltd

Lakshmi Mills Company Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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