Lakshmi Finance & Industrial Corporation Ltd

Lakshmi Finance & Industrial Corporation Ltd

₹ 220 -1.66%
24 Jun - close price
About

Incorporated in 1980, Lakshmi Finance & Industrial Corporation (formerly known as The Andhra Bank Ltd) Ltd is an investment company registered with RBI, engaged in the business of investment in equity shares and mutual funds.[1]

Key Points

Business Overview:[1]
Company is a Non-Deposit Accepting Non- Banking Finance Company (NBFC) registered as an Investment Company with the Reserve Bank of India and engaged in the business of investment in Equity Shares, Mutual Funds and Other Securities.

  • Market Cap 66.1 Cr.
  • Current Price 220
  • High / Low 249 / 120
  • Stock P/E 6.37
  • Book Value 188
  • Dividend Yield 0.91 %
  • ROCE 24.8 %
  • ROE 20.1 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 1.17 times its book value
  • Company has been maintaining a healthy dividend payout of 45.5%

Cons

  • Company has a low return on equity of 11.6% over last 3 years.

* 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: Finance Industry: Finance & Investments

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
2.16 4.10 4.15 0.52 -1.14 0.51 3.77 1.58 1.34 4.08 3.18 5.11 3.55
0.27 0.38 0.38 0.39 0.38 4.28 0.42 0.39 1.91 0.37 0.42 0.43 1.75
Operating Profit 1.89 3.72 3.77 0.13 -1.52 -3.77 3.35 1.19 -0.57 3.71 2.76 4.68 1.80
OPM % 87.50% 90.73% 90.84% 25.00% -739.22% 88.86% 75.32% -42.54% 90.93% 86.79% 91.59% 50.70%
0.11 0.11 0.11 0.11 0.01 0.00 0.14 0.00 0.01 0.00 0.02 0.00 0.01
Interest 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00
Depreciation 0.03 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.04 0.05 0.05
Profit before tax 1.97 3.78 3.83 0.19 -1.56 -3.82 3.44 1.14 -0.61 3.68 2.74 4.63 1.76
Tax % 116.24% 21.96% 18.80% -57.89% 57.05% 28.01% 23.55% 14.91% 44.26% 27.72% 24.09% 19.87% -8.52%
-0.32 2.96 3.12 0.30 -0.67 -2.74 2.64 0.98 -0.34 2.66 2.09 3.72 1.91
EPS in Rs -1.07 9.87 10.40 1.00 -2.23 -9.13 8.80 3.27 -1.13 8.87 6.97 12.40 6.37
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4 5 7 5 4 7 3 3 15 8 4 15
4 3 1 1 1 2 3 12 1 2 3 2
Operating Profit 0 1 5 3 3 5 -0 -10 14 6 0 13
OPM % 7% 25% 83% 76% 72% 72% -13% -349% 91% 81% 9% 87%
0 0 0 0 0 0 1 1 0 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 0 1 6 4 3 5 -0 -9 14 6 0 13
Tax % 0% 0% 12% 3% 1% 3% 6,400% 28% 35% 9% -206% 19%
0 1 5 4 3 5 1 -7 9 6 1 10
EPS in Rs 1.53 4.50 16.67 12.10 10.50 15.40 2.07 -21.97 30.50 19.03 1.83 34.60
Dividend Payout % 78% 40% 18% 29% 33% 26% 0% -9% 10% 16% 109% 12%
Compounded Sales Growth
10 Years: 13%
5 Years: 38%
3 Years: 0%
TTM: 314%
Compounded Profit Growth
10 Years: 23%
5 Years: 76%
3 Years: 4%
TTM: 1787%
Stock Price CAGR
10 Years: %
5 Years: 30%
3 Years: 40%
1 Year: 63%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 12%
Last Year: 20%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 26 26 30 33 36 39 38 31 39 44 44 54
0 0 0 0 0 0 0 0 0 0 0 0
1 2 3 2 1 1 2 2 2 3 2 3
Total Liabilities 30 31 36 38 40 44 43 36 45 50 49 60
0 0 0 0 1 1 1 1 1 1 1 1
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 26 26 30 32 36 33 34 26 38 40 46 52
3 5 5 5 3 9 8 9 6 9 3 7
Total Assets 30 31 36 38 40 44 43 36 45 50 49 60

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2 -0 -1 -3 -1 -4 2 1 -3 -0 1 -3
3 3 2 3 0 9 0 -0 3 6 -4 8
-0 -0 -1 -1 -1 -1 -1 -1 -1 -1 -1 -1
Net Cash Flow 1 3 0 -1 -2 4 1 -0 -1 5 -4 4

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 0 0 78 43 152 0 0 0 0 0 0
Inventory Days 151 0
Days Payable 6
Cash Conversion Cycle 145 0 0 78 43 152 0 0 0 0 0 0
Working Capital Days -15 -86 -122 -64 2 133 -166 -178 -15 -94 -218 -42
ROCE % 2% 5% 18% 11% 9% 12% 0% -24% 37% 14% 0%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
47.00% 47.00% 47.00% 47.00% 47.00% 47.00% 47.00% 47.00% 47.00% 47.00% 47.00% 47.00%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
52.96% 52.96% 52.96% 52.97% 52.97% 52.97% 52.96% 52.97% 52.97% 52.97% 52.97% 52.97%
No. of Shareholders 3,0113,1994,6004,3554,2514,5394,4964,4484,4284,8285,3595,111

* 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.

Click on the line-items to see the names of individual entities.

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