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 ₹ 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
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.
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 | 2,643 | |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 Aug - The management of Laxmi Organic Industries Limited (the 'Company') will be participating in meetings at Mumbai from August 21, 2023 to August 25, 2023 with …
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 5 Aug
- Shareholder Meeting / Postal Ballot-Outcome of AGM 4 Aug
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2 Aug - The Company participated in the investor conference as enclosed. No Unpublished Price Sensitive Information was shared / discussed in the meeting with the investors. Further, …
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
1 Aug - There been no deviation in the utilization of IPO proceeds from the objects stated in the prospectus dated March 18, 2021. In this regard, please …
Annual reports
Concalls
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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]