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 ₹ 6,471 Cr.
- Current Price ₹ 235
- High / Low ₹ 321 / 222
- Stock P/E 51.2
- Book Value ₹ 53.6
- Dividend Yield 0.21 %
- ROCE 12.9 %
- ROE 9.93 %
- Face Value ₹ 2.00
Pros
Cons
- Promoter holding has decreased over last quarter: -2.56%
- 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.
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|
902 | 1,008 | 1,273 | 1,429 | 1,359 | 1,606 | 2,877 | 2,693 | 2,728 | |
825 | 892 | 1,124 | 1,275 | 1,239 | 1,401 | 2,541 | 2,444 | 2,479 | |
Operating Profit | 76 | 116 | 149 | 154 | 120 | 205 | 337 | 249 | 249 |
OPM % | 8% | 12% | 12% | 11% | 9% | 13% | 12% | 9% | 9% |
3 | 2 | 4 | 6 | 33 | 9 | 21 | 26 | 37 | |
Interest | 18 | 11 | 10 | 16 | 15 | 18 | 17 | 22 | 23 |
Depreciation | 28 | 27 | 29 | 41 | 48 | 45 | 47 | 70 | 87 |
Profit before tax | 32 | 81 | 113 | 103 | 90 | 151 | 294 | 183 | 176 |
Tax % | 23% | 12% | 32% | 24% | 13% | 19% | 18% | 27% | |
25 | 71 | 77 | 78 | 79 | 123 | 240 | 135 | 127 | |
EPS in Rs | 24.56 | 70.71 | 76.66 | 15.54 | 17.46 | 4.65 | 9.09 | 5.08 | 4.71 |
Dividend Payout % | 4% | 0% | 0% | 2% | 10% | 11% | 8% | 10% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 26% |
TTM: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 33% |
TTM: | -14% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 8% |
1 Year: | 6% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 50 | 45 | 53 | 53 | 53 | 53 |
Reserves | 224 | 294 | 370 | 405 | 396 | 992 | 1,230 | 1,367 | 1,422 |
199 | 79 | 194 | 143 | 138 | 75 | 99 | 372 | 164 | |
158 | 227 | 258 | 359 | 445 | 616 | 785 | 537 | 535 | |
Total Liabilities | 590 | 610 | 832 | 958 | 1,024 | 1,735 | 2,166 | 2,329 | 2,174 |
207 | 195 | 273 | 327 | 327 | 315 | 361 | 694 | 697 | |
CWIP | 33 | 48 | 30 | 31 | 23 | 60 | 177 | 88 | 87 |
Investments | 19 | 23 | 20 | 20 | 21 | 25 | 32 | 287 | 299 |
332 | 344 | 509 | 579 | 653 | 1,335 | 1,597 | 1,259 | 1,091 | |
Total Assets | 590 | 610 | 832 | 958 | 1,024 | 1,735 | 2,166 | 2,329 | 2,174 |
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% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 1d
- Closure of Trading Window 2d
- Intimation Under Regulation 30(4) Of SEBI (Listing Obligation And Disclosure Requirements) Regulation, 2015 2d
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Clarification sought from Laxmi Organic Industries Ltd
2d - Exchange has sought clarification from Laxmi Organic Industries Ltd on March 26, 2024, with reference to Movement in Volume.
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Announcement under Regulation 30 (LODR)-Meeting Updates
12 Mar - The Board in their meeting i.e. March 12, 2024 has inter alia taken on record/approved the following as enclosed. W request you to kindly take …
Annual reports
Concalls
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Feb 2024Transcript PPT
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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 2023TranscriptPPT
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May 2023Transcript PPT
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Jan 2023Transcript PPT
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Nov 2022Transcript PPT
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Nov 2022TranscriptNotesPPT
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Aug 2022Transcript PPT
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Jul 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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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
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]