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 ₹ 1,209 Cr.
- Current Price ₹ 241
- High / Low ₹ 400 / 225
- Stock P/E 294
- Book Value ₹ 14.1
- Dividend Yield 0.00 %
- ROCE 10.1 %
- ROE 6.06 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 17.1 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 51 | 47 | 51 | 70 | 73 | 80 | 77 | 60 | 61 | 202 | 88 | 104 | |
| 50 | 46 | 51 | 68 | 71 | 78 | 74 | 58 | 58 | 185 | 65 | 88 | |
| Operating Profit | 1 | 0 | 0 | 2 | 3 | 2 | 2 | 2 | 3 | 17 | 22 | 16 |
| OPM % | 2% | 1% | 1% | 2% | 4% | 2% | 3% | 3% | 5% | 9% | 26% | 16% |
| 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 1 | 0 | 0 | 1 | 2 | 2 | 2 | 2 | 2 | 4 | 9 | 11 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 13 | 14 | 6 |
| Tax % | 29% | 33% | 44% | 25% | 26% | 31% | 29% | 29% | 29% | 27% | 24% | 25% |
| 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 9 | 11 | 4 | |
| EPS in Rs | 0.31 | 0.38 | 3.62 | 0.12 | 0.18 | 0.03 | 0.02 | 0.03 | 0.08 | 1.89 | 2.11 | 0.88 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 6% |
| 3 Years: | 20% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 53% |
| 5 Years: | 103% |
| 3 Years: | 117% |
| TTM: | -61% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 110% |
| 3 Years: | 170% |
| 1 Year: | 1% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 11% |
| 3 Years: | 15% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.66 | 0.66 | 0.66 | 15 | 15 | 15 | 21 | 21 | 21 | 21 | 21 | 50 |
| Reserves | 3 | 3 | 4 | 7 | 7 | 8 | 10 | 11 | 11 | 25 | 44 | 21 |
| 8 | 3 | 5 | 16 | 16 | 22 | 14 | 34 | 32 | 53 | 81 | 108 | |
| 0 | 1 | 1 | 0 | 0 | 2 | 12 | 46 | 79 | 10 | 14 | 18 | |
| Total Liabilities | 12 | 8 | 10 | 39 | 39 | 47 | 58 | 112 | 142 | 108 | 160 | 197 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 15 | 21 | 27 |
| 12 | 8 | 10 | 39 | 39 | 47 | 58 | 110 | 139 | 92 | 138 | 169 | |
| Total Assets | 12 | 8 | 10 | 39 | 39 | 47 | 58 | 112 | 142 | 108 | 160 | 197 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3 | -5 | -2 | -15 | 5 | -9 | -24 | -12 | |||||
| 0 | -0 | -0 | -2 | -1 | -8 | 3 | -5 | |||||
| -3 | 5 | 3 | 18 | -5 | 17 | 20 | 16 | |||||
| Net Cash Flow | -0 | 0 | 0 | 1 | -1 | 0 | -0 | -0 | ||||
| Free Cash Flow | 3 | -5 | -2 | -16 | 5 | -9 | -24 | -12 | ||||
| CFO/OP | 106% | -259% | -105% | -764% | 177% | -50% | -90% | -48% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 8 | 2 | 0 | 38 | 30 | 30 | 14 | 4 | 3 | 64 | 119 | 93 |
| Inventory Days | 77 | 59 | 60 | 161 | 166 | 183 | 265 | 786 | 923 | 107 | 559 | 615 |
| Days Payable | 0 | 8 | 0 | 0 | 0 | 5 | 0 | 0 | 22 | 10 | 53 | 58 |
| Cash Conversion Cycle | 85 | 53 | 60 | 199 | 197 | 208 | 278 | 790 | 905 | 161 | 625 | 650 |
| Working Capital Days | 40 | 31 | 33 | 146 | 138 | 150 | 159 | 266 | 208 | 128 | 471 | 468 |
| ROCE % | 7% | 5% | 17% | 7% | 7% | 5% | 5% | 3% | 4% | 21% | 18% | 10% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Jewelry Inventory (Finished Goods) INR Crores |
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| Number of Permanent Employees Number |
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| Total Project Area under Development Sq. Mtrs |
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| Yearly Real Estate Inventory (WIP) INR Crores |
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| Ongoing Real Estate Project Portfolio (Units) Number of Units |
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| Real Estate Booking Progress (Advances from Customers) INR Crores |
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| Real Estate Project Completion Percentage (Laxmi 101) % |
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| Real Estate Project Completion Percentage (Laxmi Courtyard) % |
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Extracted by Screener AI
Documents
Announcements
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Disclosure under SEBI Takeover Regulations
5 June 2026 - Promoter group held 3,75,53,760 shares as of 31 March 2026; no encumbrance reported.
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Disclosure under SEBI Takeover Regulations
3 June 2026 - Promoter group held 3,75,53,760 shares as of 31 March 2026; no encumbrance in FY26.
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Updates
25 May 2026 - Ahmedabad Municipal Corporation granted BU certificate for Laxmi Eternia, a 915,160 sq ft project with 723 flats and 52 shops.
-
Copy of Newspaper Publication
19 May 2026 - Audited standalone financial results for quarter and year ended 31 March 2026 published on 18 May 2026.
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Outcome of Board Meeting
16 May 2026 - Audited FY26 results approved; fraud by former CFO led to Rs 87.2 lakh write-off.
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