Laxmi Cotspin Ltd
Incorporated in 2005, Laxmi Cotspin Ltd manufactures cotton yarn, cotton bales, oil cake and oil seeds[1]
- Market Cap ₹ 24.3 Cr.
- Current Price ₹ 14.2
- High / Low ₹ 33.0 / 12.2
- Stock P/E 6.71
- Book Value ₹ 37.5
- Dividend Yield 0.00 %
- ROCE -0.31 %
- ROE -7.63 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.38 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -0.12% over past five years.
- Company has a low return on equity of -5.96% over last 3 years.
- Earnings include an other income of Rs.10.0 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
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 115 | 105 | 113 | 115 | 140 | 177 | 151 | 116 | 216 | 143 | 144 | 150 | 172 | |
| 102 | 93 | 101 | 103 | 127 | 165 | 147 | 109 | 204 | 146 | 143 | 151 | 165 | |
| Operating Profit | 13 | 11 | 12 | 11 | 13 | 12 | 4 | 7 | 12 | -3 | 1 | -0 | 8 |
| OPM % | 11% | 11% | 11% | 10% | 9% | 7% | 3% | 6% | 6% | -2% | 1% | -0% | 4% |
| 1 | 2 | 0 | 0 | 1 | 1 | 2 | 0 | 2 | 1 | 5 | 9 | 10 | |
| Interest | 4 | 4 | 3 | 2 | 2 | 3 | 3 | 3 | 3 | 2 | 3 | 5 | 5 |
| Depreciation | 5 | 6 | 7 | 6 | 7 | 6 | 4 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 5 | 3 | 3 | 4 | 4 | 4 | -1 | 1 | 8 | -7 | -0 | 0 | 10 |
| Tax % | 19% | 24% | -13% | 29% | 38% | 18% | -8% | -4% | 33% | -12% | -19% | -31% | |
| 4 | 2 | 3 | 3 | 3 | 4 | -1 | 1 | 5 | -6 | -0 | 0 | 9 | |
| EPS in Rs | 2.21 | 1.32 | 1.83 | 1.56 | 1.50 | 2.13 | -0.51 | 0.64 | 3.18 | -3.41 | -0.14 | 0.27 | 5.50 |
| Dividend Payout % | 23% | 38% | 27% | 32% | 33% | 23% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 0% |
| 3 Years: | -11% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 263% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | -13% |
| 1 Year: | -49% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | -1% |
| 3 Years: | -6% |
| Last Year: | -8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 20 | 21 | 24 | 26 | 27 | 30 | 30 | 31 | 36 | 31 | 46 | 46 | 47 |
| 33 | 40 | 28 | 55 | 55 | 46 | 48 | 32 | 45 | 42 | 50 | 47 | 42 | |
| 12 | 8 | 6 | 8 | 12 | 16 | 8 | 11 | 9 | 8 | 7 | 9 | 9 | |
| Total Liabilities | 82 | 86 | 76 | 105 | 111 | 109 | 103 | 91 | 108 | 98 | 120 | 119 | 116 |
| 32 | 34 | 29 | 42 | 39 | 35 | 32 | 27 | 27 | 24 | 35 | 32 | 29 | |
| CWIP | 1 | -0 | 1 | 1 | -0 | -0 | 2 | 2 | 2 | 3 | 4 | 6 | 7 |
| Investments | 0 | 0 | -0 | -0 | -0 | -0 | -0 | 1 | 0 | 0 | 0 | 0 | 0 |
| 49 | 52 | 45 | 62 | 72 | 74 | 69 | 61 | 79 | 71 | 81 | 81 | 79 | |
| Total Assets | 82 | 86 | 76 | 105 | 111 | 109 | 103 | 91 | 108 | 98 | 120 | 119 | 116 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 9 | 16 | -5 | 7 | 12 | 2 | 17 | -6 | 5 | -8 | 2 | |
| -2 | -8 | -3 | -18 | -4 | -1 | -3 | 1 | -4 | -2 | -1 | 2 | |
| -4 | 2 | -16 | 22 | -3 | -11 | 2 | -18 | 9 | -3 | 10 | -5 | |
| Net Cash Flow | 1 | 3 | -3 | -2 | 0 | -0 | 0 | -0 | -0 | 0 | 1 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71 | 61 | 67 | 78 | 99 | 84 | 80 | 62 | 15 | 16 | 10 | 8 |
| Inventory Days | 72 | 100 | 73 | 135 | 92 | 68 | 85 | 126 | 98 | 142 | 162 | 132 |
| Days Payable | 31 | 14 | 10 | 14 | 21 | 30 | 17 | 21 | 13 | 17 | 11 | 20 |
| Cash Conversion Cycle | 112 | 147 | 129 | 199 | 170 | 121 | 148 | 166 | 100 | 142 | 161 | 120 |
| Working Capital Days | 45 | 47 | 55 | 50 | 49 | 46 | 48 | 99 | 57 | 70 | 70 | 66 |
| ROCE % | 13% | 10% | 8% | 7% | 6% | 8% | 2% | 5% | 12% | -5% | 4% | -0% |
Documents
Announcements
-
Resignation
7 February 2026 - Mrs. Prafullata Sanjaykumar Rathi resigns as Non-Executive woman Director effective Feb 07, 2026.
-
Copy of Newspaper Publication
5 February 2026 - Laxmi Cotspin approved and posted unaudited quarterly and nine-month financial results on February 4, 2026.
-
Shareholders meeting
4 February 2026 - EGM 26 Feb 2026 to appoint Ravindra Mishrilal Bangad as Executive Director for five years.
-
Outcome of Board Meeting
3 February 2026 - EGM fixed 26 Feb 2026, 1:00 PM via VC to regularize appointment of Navinara Mishriial Bangad; scrutinizer CA Piyush Agrawal.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
10 January 2026 - Certificate confirming dematerialisation compliance for quarter ended 31 Dec 2025.
Business Overview:[1][2]
a) LCL is engaged in the business of cotton ginning and spinning.The company manufactures 100% combed cotton wrap and hosiery yarns in counts of 30s-40s.
b) The company is diversifying its business into the healthcare
sector. Significant progress has been achieved during FY25, and
commercial production is scheduled to commence in FY26.
c) The company plans to expand its presence in the medical textile sector, in the coming years.
d) Following the establishment of the surgical division, the company is also considering setting up a garment unit
within the existing building.