Laxmi Cotspin Ltd

Laxmi Cotspin Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Laxmi Cotspin Ltd

₹ 33.0 -1.05%
25 Apr 4:05 p.m.
Company website NSE : LAXMICOT
About

Incorporated in 2005, Laxmi Cotspin Ltd
is in the business of cotton processing[1]

Key Points

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

Website NSE
  • Market Cap ₹ 56.6 Cr.
  • Current Price ₹ 33.0
  • High / Low ₹ 37.7 / 18.5
  • Stock P/E
  • Book Value ₹ 24.8
  • Dividend Yield 0.00 %
  • ROCE -4.88 %
  • ROE -11.6 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 30.7 to 15.9 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.50% over past five years.
  • Company has a low return on equity of 0.56% over last 3 years.
  • Company might be capitalizing the interest cost

* 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 - Cotton/Blended

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
71.63 43.64 45.10 55.58 40.21 33.34 28.37 41.37 44.66 31.49 31.08
67.36 41.03 42.03 53.29 38.91 32.21 33.82 41.32 45.77 31.55 32.15
Operating Profit 4.27 2.61 3.07 2.29 1.30 1.13 -5.45 0.05 -1.11 -0.06 -1.07
OPM % 5.96% 5.98% 6.81% 4.12% 3.23% 3.39% -19.21% 0.12% -2.49% -0.19% -3.44%
0.30 0.92 0.42 0.02 0.76 0.33 0.40 -0.06 0.05 -0.82 0.32
Interest 0.71 0.72 0.79 0.36 0.83 0.69 -0.20 0.71 0.85 0.92 0.61
Depreciation 0.93 0.79 0.79 0.73 0.84 0.80 0.80 0.81 0.80 0.80 0.79
Profit before tax 2.93 2.02 1.91 1.22 0.39 -0.03 -5.65 -1.53 -2.71 -2.60 -2.15
Tax % 24.91% 36.63% 25.13% 57.38% 25.64% 700.00% 1.59% 50.98% 0.00% 0.00% 0.00%
2.20 1.29 1.44 0.52 0.29 0.17 -5.57 -0.75 -2.71 -2.61 -2.15
EPS in Rs 1.28 0.75 0.84 0.30 0.17 0.10 -3.25 -0.44 -1.58 -1.52 -1.25
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
82 102 115 105 113 115 140 177 151 116 216 143 149
76 90 102 93 101 103 127 165 147 109 204 146 151
Operating Profit 6 11 13 11 12 11 13 12 4 7 12 -3 -2
OPM % 8% 11% 11% 11% 11% 10% 9% 7% 3% 6% 6% -2% -1%
3 1 1 2 0 0 1 1 2 0 2 1 -1
Interest 5 4 4 4 3 2 2 3 3 3 3 2 3
Depreciation 4 4 5 6 7 6 7 6 4 3 3 3 3
Profit before tax 1 3 5 3 3 4 4 4 -1 1 8 -7 -9
Tax % 44% 35% 19% 24% -13% 29% 38% 18% 8% -4% 33% 12%
0 2 4 2 3 3 3 4 -1 1 5 -6 -8
EPS in Rs 0.26 1.31 2.21 1.32 1.83 1.56 1.50 2.13 -0.51 0.64 3.18 -3.41 -4.79
Dividend Payout % 0% 0% 23% 38% 27% 32% 33% 23% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 1%
3 Years: -2%
TTM: -6%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -61%
Stock Price CAGR
10 Years: %
5 Years: 20%
3 Years: 44%
1 Year: 55%
Return on Equity
10 Years: 4%
5 Years: 2%
3 Years: 1%
Last Year: -12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 17 17 17 17 17 17 17 17 17 17 17 17 17
Reserves 11 15 20 21 24 26 27 30 30 31 36 31 25
35 33 33 40 28 55 55 46 48 32 45 42 37
12 6 12 8 6 8 12 16 8 11 9 8 8
Total Liabilities 75 71 82 86 76 105 111 109 103 91 108 98 87
31 34 32 34 29 42 39 35 32 27 27 24 22
CWIP 1 1 1 0 1 1 0 0 2 2 2 3 4
Investments 0 0 0 0 0 0 0 0 0 1 0 0 0
43 36 49 52 45 62 72 74 69 61 79 71 61
Total Assets 75 71 82 86 76 105 111 109 103 91 108 98 87

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
17 10 6 9 16 -5 7 12 2 17 -6 5
-2 -4 -2 -8 -3 -18 -4 -1 -3 1 -4 -2
-16 -7 -4 2 -16 22 -3 -11 2 -18 9 -3
Net Cash Flow -1 0 1 3 -3 -2 0 -0 0 -0 -0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 63 46 71 61 67 78 99 84 80 62 15 16
Inventory Days 92 45 72 100 73 135 92 68 85 126 98 142
Days Payable 53 17 31 14 10 14 21 30 17 21 13 17
Cash Conversion Cycle 103 75 112 147 129 199 170 121 148 166 100 142
Working Capital Days 136 107 103 125 108 159 145 112 139 148 115 155
ROCE % 8% 12% 13% 10% 8% 7% 6% 8% 2% 5% 12% -5%

Shareholding Pattern

Numbers in percentages

25 Recently
Mar 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
56.67% 56.56% 57.38% 57.40% 57.40% 57.41% 57.41% 57.41% 57.41% 57.41% 57.41% 57.18%
43.33% 43.44% 42.62% 42.60% 42.60% 42.59% 42.59% 42.59% 42.59% 42.59% 42.59% 42.83%
No. of Shareholders 4134401,1342,1693,5753,9233,9934,2054,2754,5815,3916,227

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