Laxmi Organic Industries Ltd

Laxmi Organic Industries Ltd

₹ 205 -3.47%
12 Jun - close price
About

Laxmi Organic Industries Limited was established in 1989 and is in the business of specialty chemicals. The Company primarily manufactures Ethyl Acetate, Acetic Acid and Diketene Derivative Products (DDP). DDP is a specialty chemical group, the technology and business of which has been acquired by the company from Clariant Chemicals India Limited.
The company’s business operations are carried in over 30 countries including 11 offices located in India

Key Points

Product Portfolio[1]
a) Essentials Segment
The Segment includes products like Ethyl Acetate, Acetic Anhydride, Acetaldehyde, various solvents, ethanol, and n-Butyl/Ethyl Acetate. These cater primarily to the pharmaceutical, packaging, and industrial sectors.

  • Market Cap 5,672 Cr.
  • Current Price 205
  • High / Low 326 / 160
  • Stock P/E 48.1
  • Book Value 69.0
  • Dividend Yield 0.24 %
  • ROCE 8.94 %
  • ROE 6.30 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 2.97 times its book value
  • Company has a low return on equity of 8.34% over last 3 years.
  • Dividend payout has been low at 10.7% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -3.54%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
829 749 597 636 711 694 636 686 811 717 744 768 714
774 652 573 577 644 618 588 628 723 635 668 695 655
Operating Profit 55 97 23 59 67 76 48 58 88 82 76 72 59
OPM % 7% 13% 4% 9% 9% 11% 8% 8% 11% 11% 10% 9% 8%
5 5 7 8 7 6 12 13 9 12 11 6 5
Interest 5 2 4 5 7 7 4 6 -1 3 3 2 7
Depreciation 13 13 17 18 22 21 22 22 30 21 22 31 39
Profit before tax 42 87 10 42 44 55 34 43 67 70 62 45 18
Tax % 8% 25% 11% 19% 41% 31% 31% 8% 30% 34% 33% 38% -59%
39 65 9 34 26 38 23 39 47 46 41 28 28
EPS in Rs 1.47 2.47 0.34 1.30 0.98 1.43 0.88 1.42 1.72 1.68 1.50 1.00 1.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
902 1,008 1,273 1,429 1,359 1,606 2,877 2,691 2,823 2,945
825 892 1,124 1,275 1,239 1,401 2,541 2,444 2,550 2,662
Operating Profit 76 116 149 154 120 205 337 247 273 282
OPM % 8% 12% 12% 11% 9% 13% 12% 9% 10% 10%
3 2 4 6 33 9 21 29 49 25
Interest 18 11 10 16 15 18 17 22 22 20
Depreciation 28 27 29 41 48 45 47 70 89 122
Profit before tax 32 81 113 103 90 151 294 183 211 166
Tax % 23% 12% 32% 24% 13% 19% 18% 27% 26% 29%
25 71 77 78 79 123 240 135 156 118
EPS in Rs 24.56 70.71 76.66 15.54 17.46 4.65 9.09 5.08 5.64 4.26
Dividend Payout % 4% -0% -0% 2% 10% 11% 8% 10% 11% 12%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 1%
TTM: 4%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: -21%
TTM: -23%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -14%
1 Year: -19%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 8%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 10 10 10 50 45 53 53 53 55 55
Reserves 224 294 370 405 396 992 1,230 1,367 1,781 1,857
199 79 194 143 138 75 99 372 139 255
158 227 258 359 445 616 785 537 865 874
Total Liabilities 590 610 832 958 1,024 1,735 2,166 2,329 2,840 3,040
207 195 273 327 327 315 361 694 699 1,161
CWIP 33 48 30 31 23 60 177 88 147 419
Investments 19 23 20 20 21 25 32 287 444 167
332 344 509 579 653 1,335 1,597 1,259 1,551 1,294
Total Assets 590 610 832 958 1,024 1,735 2,166 2,329 2,840 3,040

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
135 110 61 161 521 114
-3 -604 44 -362 -498 -274
-115 485 -87 241 -9 91
Net Cash Flow 17 -9 17 40 14 -68

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 61 78 83 78 85 87 79 73 78 67
Inventory Days 61 34 51 48 57 59 60 50 47 68
Days Payable 70 85 83 112 154 155 127 93 145 133
Cash Conversion Cycle 52 27 51 13 -12 -8 12 30 -20 3
Working Capital Days 52 29 59 36 37 20 54 66 28 55
ROCE % 22% 26% 20% 14% 20% 25% 13% 12% 9%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
72.52% 72.51% 72.50% 72.50% 72.39% 72.39% 69.83% 69.71% 69.55% 69.50% 69.39% 69.39%
0.60% 0.45% 0.45% 0.47% 0.48% 0.48% 0.67% 0.85% 1.05% 1.67% 1.97% 2.48%
3.22% 1.62% 1.65% 1.73% 1.54% 1.55% 3.53% 3.43% 2.16% 3.22% 3.47% 3.38%
23.66% 25.42% 25.40% 25.30% 25.59% 25.58% 25.97% 26.00% 27.25% 25.61% 25.17% 24.75%
No. of Shareholders 4,40,4464,76,9284,73,4114,64,9384,55,3374,52,2924,48,0684,28,1844,20,5093,87,4893,80,0593,76,136

* 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.

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Documents

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