Laxmi Cotspin Ltd
- Market Cap ₹ 32.7 Cr.
- Current Price ₹ 19.1
- High / Low ₹ 34.3 / 18.7
- Stock P/E 9.03
- Book Value ₹ 37.5
- Dividend Yield 0.00 %
- ROCE -0.31 %
- ROE -7.63 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.53 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: | 14% |
| 3 Years: | -8% |
| 1 Year: | -41% |
| 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
-
Appointment
5 December 2025 - ED Shivratan Mundada resigned effective 25 Nov 2025; Ravindra Mishrilal Bangad appointed Additional Executive Director effective 05 Dec 2025.
-
Outcome of Board Meeting
5 December 2025 - ED Shivratan Mundada resigned effective 25 Nov 2025; Ravindra Mishrilal Bangad appointed Additional ED from 5 Dec 2025.
-
Resignation
25 November 2025 - Executive Director Shivratan S. Mundada resigns effective 25 November 2025.
-
Copy of Newspaper Publication
17 November 2025 - Unreadable announcement; Laxmi Cotspin financial table present but figures illegible.
-
Outcome of Board Meeting
14 November 2025 - Board approved unaudited Q2 results (30 Sep 2025); auditor qualified on inventory, subsidiary loan, creditor advance.
Business Overview:[1]
Company is a Government of India Recognized Star Export House. It is a manufacturer of yarn with existing Ring spinning & open end unit to cater to the yarn markets in Maharashtra and Gujarat. Company's business is spread among home textiles, weaving sector, Denim Manufactures and hosiery manufacturers through open end yarn and ring spun yarn. It manufactures premium quality 100% cotton combed and carded hosiery/ warp conventional, organic and BCI yarn in count range of 10s Ne to 40s Ne for the purpose of exporting to Asian and European countries