Laxmi Organic Industries Ltd

Laxmi Organic Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Laxmi Organic Industries Ltd

₹ 286 -0.76%
21 Sep - close price
laxmi.com BSE: 543277 NSE : LXCHEM
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
The Company offers a product portfolio, including Acetyl Intermediates, Specialty Intermediates, and soon-to-be-launched Fluorine Intermediates. It serves various industries, including Pharmaceuticals, Agrochemicals, Inks and Paints, Coatings, Printing, Packaging, Adhesives, Dyes and Pigments, Flavour and Fragrance, and more[1]

Website BSE NSE
  • Market Cap ₹ 7,602 Cr.
  • Current Price ₹ 286
  • High / Low ₹ 366 / 220
  • Stock P/E 70.9
  • Book Value ₹ 53.5
  • Dividend Yield 0.17 %
  • ROCE 12.9 %
  • ROE 9.93 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Working capital days have increased from 46.6 days to 65.6 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.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
354 391 394 467 690 526 874 829 749 597 636 712 698
317 341 334 412 553 502 772 774 652 573 577 644 622
Operating Profit 37 50 60 56 137 24 102 55 97 23 59 67 76
OPM % 10% 13% 15% 12% 20% 5% 12% 7% 13% 4% 9% 9% 11%
2 2 3 3 5 9 2 5 5 7 8 6 6
Interest 4 3 4 5 3 1 6 5 2 4 5 7 7
Depreciation 11 11 12 12 11 11 11 13 13 17 18 22 21
Profit before tax 24 37 47 43 129 21 87 42 87 10 42 44 55
Tax % 24% 14% 14% 27% 24% 51% 6% 8% 25% 11% 19% 41% 31%
19 32 41 31 99 10 81 39 65 9 34 26 38
EPS in Rs 4.14 7.12 1.80 1.18 3.74 0.39 3.08 1.47 2.47 0.34 1.30 0.98 1.43
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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 TTM
902 1,008 1,273 1,429 1,359 1,606 2,877 2,693 2,643
825 892 1,124 1,275 1,239 1,401 2,541 2,444 2,418
Operating Profit 76 116 149 154 120 205 337 249 225
OPM % 8% 12% 12% 11% 9% 13% 12% 9% 9%
3 2 4 6 33 9 21 26 28
Interest 18 11 10 16 15 18 17 22 23
Depreciation 28 27 29 41 48 45 47 70 78
Profit before tax 32 81 113 103 90 151 294 183 152
Tax % 23% 12% 32% 24% 13% 19% 18% 27%
25 71 77 78 79 123 240 135 107
EPS in Rs 24.56 70.71 76.66 15.54 17.46 4.65 9.09 5.08 4.05
Dividend Payout % 4% 0% 0% 2% 10% 11% 8% 10%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 26%
TTM: -11%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 33%
TTM: -45%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -21%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 15%
Last Year: 10%

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
10 10 10 50 45 53 53 53
Reserves 224 294 370 405 396 992 1,230 1,367
199 79 194 143 138 75 99 372
158 227 258 359 445 616 785 537
Total Liabilities 590 610 832 958 1,024 1,735 2,166 2,329
207 195 273 327 327 315 361 694
CWIP 33 48 30 31 23 60 177 88
Investments 19 23 20 20 21 25 32 287
332 344 509 579 653 1,335 1,597 1,259
Total Assets 590 610 832 958 1,024 1,735 2,166 2,329

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
135 110 61 161
-3 -604 44 -362
-115 485 -87 241
Net Cash Flow 17 -9 17 40

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
72.92% 72.92% 72.92% 72.92% 72.92% 72.53% 72.51% 72.50% 72.50% 72.39%
5.54% 3.58% 0.87% 0.33% 0.34% 0.60% 0.45% 0.45% 0.47% 0.48%
6.05% 5.01% 3.30% 3.28% 3.39% 3.22% 1.62% 1.65% 1.73% 1.54%
15.49% 18.49% 22.91% 23.47% 23.35% 23.66% 25.42% 25.40% 25.30% 25.59%
No. of Shareholders 97,3521,55,6003,35,9334,13,3444,21,4584,40,4464,76,9284,73,4114,64,9384,55,337

* 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

Announcements

Annual reports

DRHP

Credit ratings

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