Laxmi Organic Industries Ltd
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
- Market Cap ₹ 6,186 Cr.
- Current Price ₹ 223
- High / Low ₹ 310 / 160
- Stock P/E 51.3
- Book Value ₹ 69.0
- Dividend Yield 0.22 %
- ROCE 8.77 %
- ROE 6.16 %
- Face Value ₹ 2.00
Pros
- Company's working capital requirements have reduced from 20.9 days to 11.2 days
Cons
- Stock is trading at 3.23 times its book value
- Company has a low return on equity of 7.72% over last 3 years.
- Dividend payout has been low at 11.5% of profits over last 3 years
- Promoter holding has decreased over last 3 years: -3.16%
* 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 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
902 | 1,008 | 1,273 | 1,429 | 1,359 | 1,606 | 2,877 | 2,691 | 2,824 | 2,945 | 2,898 | |
825 | 892 | 1,124 | 1,275 | 1,239 | 1,401 | 2,541 | 2,444 | 2,566 | 2,655 | 2,656 | |
Operating Profit | 76 | 116 | 149 | 154 | 120 | 205 | 337 | 247 | 258 | 289 | 242 |
OPM % | 8% | 12% | 12% | 11% | 9% | 13% | 12% | 9% | 9% | 10% | 8% |
3 | 2 | 4 | 6 | 33 | 9 | 21 | 29 | 29 | 19 | 27 | |
Interest | 18 | 11 | 10 | 16 | 15 | 18 | 17 | 22 | 6 | 20 | 17 |
Depreciation | 28 | 27 | 29 | 41 | 48 | 45 | 47 | 70 | 105 | 122 | 109 |
Profit before tax | 32 | 81 | 113 | 103 | 90 | 151 | 294 | 183 | 176 | 166 | 142 |
Tax % | 23% | 12% | 32% | 24% | 13% | 19% | 18% | 27% | 28% | 29% | |
25 | 71 | 77 | 78 | 79 | 123 | 240 | 135 | 127 | 118 | 121 | |
EPS in Rs | 24.56 | 70.71 | 76.66 | 15.54 | 17.46 | 4.65 | 9.09 | 5.08 | 4.62 | 4.26 | 4.36 |
Dividend Payout % | 4% | 0% | 0% | 2% | 10% | 11% | 8% | 10% | 13% | 12% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 1% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | -22% |
TTM: | -23% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -15% |
1 Year: | -28% |
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 | 1,745 | 1,857 |
199 | 79 | 194 | 143 | 138 | 75 | 99 | 372 | 139 | 255 | |
158 | 227 | 258 | 359 | 445 | 616 | 785 | 537 | 880 | 874 | |
Total Liabilities | 590 | 610 | 832 | 958 | 1,024 | 1,735 | 2,166 | 2,329 | 2,820 | 3,040 |
207 | 195 | 273 | 327 | 327 | 315 | 361 | 694 | 872 | 1,161 | |
CWIP | 33 | 48 | 30 | 31 | 23 | 60 | 177 | 88 | 459 | 419 |
Investments | 19 | 23 | 20 | 20 | 21 | 25 | 32 | 287 | 149 | 167 |
332 | 344 | 509 | 579 | 653 | 1,335 | 1,597 | 1,259 | 1,341 | 1,294 | |
Total Assets | 590 | 610 | 832 | 958 | 1,024 | 1,735 | 2,166 | 2,329 | 2,820 | 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 | -494 | -274 | |||||
-115 | 485 | -87 | 241 | -10 | 91 | |||||
Net Cash Flow | 17 | -9 | 17 | 40 | 16 | -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 | 48 | 68 |
Days Payable | 70 | 85 | 83 | 112 | 154 | 155 | 127 | 93 | 146 | 133 |
Cash Conversion Cycle | 52 | 27 | 51 | 13 | -12 | -8 | 12 | 30 | -20 | 3 |
Working Capital Days | 12 | 16 | 25 | 27 | 34 | 5 | 42 | 33 | 18 | 11 |
ROCE % | 22% | 26% | 20% | 14% | 20% | 25% | 13% | 9% | 9% |
Documents
Announcements
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
12 Sep - Bombay High Court (11‑Sep‑2025) quashed Rule 96(10); IGST refund eligibility clarified, pending notices lapsed.
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Clarification On Volume Of Security On The Stock Exchange
10 Sep - Laxmi Organic confirms no unpublished price-sensitive information; no impending announcements (scrip 543277).
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Clarification sought from Laxmi Organic Industries Ltd
10 Sep - Exchange has sought clarification from Laxmi Organic Industries Ltd on September 10, 2025, with reference to Movement in Volume.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
10 Sep - 5-year global sourcing agreement (09/09/2025) with Hitachi Energy; ~₹75 crore capex for eco-efficient gas.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Sep - Group meeting with analysts/investors on Sept 11, 2025, 09:30 AM at Mahape R&D Centre.
Annual reports
Concalls
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT
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May 2025TranscriptNotesPPT
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Nov 2024Transcript PPT
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May 2024Transcript PPT REC
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Oct 2023Transcript PPT REC
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Oct 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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Jul 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Nov 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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May 2021Transcript PPT
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.