Laxmi Goldorna House Ltd
Laxmi Goldorna House Ltd is an Ahmedabad-
focused residential and commercial developer
and wholesale/retail trader of BIS-hallmarked
gold and studded jewellery. Jewellery designing
and processing are outsourced to job workers;
it has no owned manufacturing plant.
- Market Cap ₹ 888 Cr.
- Current Price ₹ 177
- High / Low ₹ 400 / 168
- Stock P/E 548
- Book Value ₹ 14.1
- Dividend Yield 0.00 %
- ROCE 10.1 %
- ROE 6.06 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 12.6 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 51 | 47 | 51 | 70 | 73 | 80 | 77 | 60 | 61 | 202 | 88 | 104 | 113 | |
| 50 | 46 | 51 | 68 | 71 | 78 | 74 | 58 | 58 | 185 | 65 | 88 | 97 | |
| Operating Profit | 1 | 0 | 0 | 2 | 3 | 2 | 2 | 2 | 3 | 17 | 22 | 16 | 16 |
| OPM % | 1.6% | 1.0% | 0.9% | 2.3% | 3.7% | 2.4% | 2.7% | 3.3% | 4.9% | 9% | 26% | 16% | 14% |
| 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 1 | 0 | 0 | 1 | 2 | 2 | 2 | 2 | 2 | 4 | 9 | 11 | 12 |
| Depreciation | 0 | 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 | 4 |
| 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 | 2 | |
| 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 | 0.37 |
| 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: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 53% |
| 5 Years: | 103% |
| 3 Years: | 117% |
| TTM: | -85% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 95% |
| 3 Years: | 77% |
| 1 Year: | -55% |
| 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 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Customer advances from real estate bookings Rs |
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| Number of ongoing real estate projects projects |
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| Total real estate project area Sq. Mtr |
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| Total real estate units under development units |
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| Laxmi Eternia - Sold units (out of 775 total) units |
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| Real Estate Revenue Share (% of total revenue) % |
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| Construction completion percentage - new projects % |
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| Laxmi Courtyard - Booking percentage % |
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Extracted by Screener AI
Documents
Announcements
-
Shareholders meeting
- Shareholders approved Rs 100 crore related-party borrowings from promoter, promoter spouse and promoter group entity.
-
Copy of Newspaper Publication
- Newspaper advertisement published on 10 September 2026 for 17th AGM and e-voting information.
-
Shareholders meeting
- 17th AGM on 30 Sep 2026 via VC/OAVM; book closure 23-30 Sep 2026.
-
Outcome of Board Meeting
- Board approved FY26 report, AGM on 30 Sep 2026, book closure 23-30 Sep 2026.
-
Copy of Newspaper Publication
- Newspaper advertisement for unaudited standalone results for quarter ended 30 June 2026, published 15 August 2026.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
-
Annual Report 2023
from nse
-
Annual Report 2022
from nse
-
Annual Report 2021
from nse
-
Annual Report 2020
from nse
Business model:[1]
LGHL was incorporated in 2010 for the jewellery business and added real estate in 2017. Jewellery includes traditional, modern and Indo-Western gold ornaments, with/without precious and semi-precious stones, sold wholesale and retail across price points. Designing/processing is outsourced; hence economics depend on trading spreads, inventory turns and gold prices. Real estate develops and sells residential/commercial units in Ahmedabad.