Laxmi Goldorna House Ltd
Incorporated in 2010, Laxmi Goldorna House Ltd is in the business of real estate development and manufacture & sale of jewelries[1]
- Market Cap ₹ 1,447 Cr.
- Current Price ₹ 289
- High / Low ₹ 400 / 193
- Stock P/E 153
- Book Value ₹ 15.0
- Dividend Yield 0.00 %
- ROCE 18.4 %
- ROE 19.0 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 149% CAGR over last 5 years
Cons
- Stock is trading at 19.3 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 1.91% over past five years.
- Debtor days have increased from 62.2 to 119 days.
- Working capital days have increased from 269 days to 471 days
* 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.
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 50 | 51 | 47 | 51 | 70 | 73 | 80 | 77 | 60 | 61 | 202 | 88 | 105 | |
| 49 | 50 | 46 | 51 | 68 | 71 | 78 | 74 | 58 | 58 | 185 | 65 | 82 | |
| Operating Profit | 1 | 1 | 0 | 0 | 2 | 3 | 2 | 2 | 2 | 3 | 17 | 22 | 24 |
| OPM % | 2% | 2% | 1% | 1% | 2% | 4% | 2% | 3% | 3% | 5% | 9% | 26% | 22% |
| 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 1 | 1 | 0 | 0 | 1 | 2 | 2 | 2 | 2 | 2 | 4 | 9 | 10 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 13 | 14 | 14 |
| Tax % | 40% | 29% | 33% | 44% | 25% | 26% | 31% | 29% | 29% | 29% | 27% | 24% | |
| 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 9 | 11 | 10 | |
| EPS in Rs | 0.56 | 0.31 | 0.38 | 3.62 | 0.12 | 0.18 | 0.03 | 0.02 | 0.03 | 0.08 | 1.89 | 2.11 | 1.95 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 2% |
| 3 Years: | 14% |
| TTM: | -44% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 71% |
| 5 Years: | 149% |
| 3 Years: | 333% |
| TTM: | -34% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 101% |
| 3 Years: | 213% |
| 1 Year: | 17% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 11% |
| 3 Years: | 16% |
| Last Year: | 19% |
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 | 0.66 | 0.66 | 0.66 | 0.66 | 15 | 15 | 15 | 21 | 21 | 21 | 21 | 21 | 21 |
| Reserves | 3 | 3 | 3 | 4 | 7 | 7 | 8 | 10 | 11 | 11 | 25 | 44 | 54 |
| 6 | 8 | 3 | 5 | 16 | 16 | 22 | 14 | 34 | 32 | 53 | 81 | 97 | |
| 0 | 0 | 1 | 1 | 0 | 0 | 2 | 12 | 46 | 79 | 10 | 14 | 23 | |
| Total Liabilities | 10 | 12 | 8 | 10 | 39 | 39 | 47 | 58 | 112 | 142 | 108 | 160 | 194 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 15 | 21 | 25 |
| 10 | 12 | 8 | 10 | 39 | 39 | 47 | 58 | 110 | 139 | 92 | 138 | 169 | |
| Total Assets | 10 | 12 | 8 | 10 | 39 | 39 | 47 | 58 | 112 | 142 | 108 | 160 | 194 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3 | -5 | -2 | -15 | 5 | -9 | -24 | ||||||
| 0 | -0 | -0 | -2 | -1 | -8 | 3 | ||||||
| -3 | 5 | 3 | 18 | -5 | 17 | 20 | ||||||
| Net Cash Flow | -0 | 0 | 0 | 1 | -1 | 0 | -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 | 5 | 8 | 2 | 0 | 38 | 30 | 30 | 14 | 4 | 3 | 64 | 119 |
| Inventory Days | 68 | 77 | 59 | 60 | 161 | 166 | 183 | 265 | 786 | 923 | 107 | 559 |
| Days Payable | 0 | 0 | 8 | 0 | 0 | 0 | 5 | 0 | 0 | 22 | 10 | 53 |
| Cash Conversion Cycle | 73 | 85 | 53 | 60 | 199 | 197 | 208 | 278 | 790 | 905 | 161 | 625 |
| Working Capital Days | 27 | 40 | 31 | 33 | 146 | 138 | 150 | 159 | 266 | 208 | 128 | 471 |
| ROCE % | 7% | 5% | 17% | 7% | 7% | 5% | 5% | 3% | 4% | 21% | 18% |
Documents
Announcements
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Copy of Newspaper Publication
16 February 2026 - Newspaper ads for unaudited standalone results for quarter and nine months ended 31-Dec-2025, published 14-Feb-2026.
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Outcome of Board Meeting
13 February 2026 - Unaudited standalone Q3 and nine-month results approved for period ended 31-Dec-2025; limited review unmodified; website changed.
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Outcome of Board Meeting
13 February 2026 - Board approved unaudited Q3 and nine-month results to 31-Dec-2025; limited review unmodified; website changed.
-
Shareholders meeting
9 February 2026 - Postal ballot passed: approvals for Rs100 crore loans from each promoter for FY2025-26 (declared 07-Feb-2026).
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
22 January 2026 - Compliance certificate for quarter ended 31-Dec-2025: no dematerialization/rematerialization requests.
Business Overview:[1][2]
Company is a Real Estate builder and property developer which offers a wide range of commercial & residential properties in Ahmedabad. Company is also engaged in manufacturing and trading business of branded gold Jewelry and ornaments. It does processing, wholesale and retail trading of all types of jewelry items. Its manufactured products include gold jewelry with or without studded precious and semi-precious stones