Laxmi Organic Industries Ltd

Laxmi Organic Industries Ltd

₹ 252 -1.26%
14 Jun 4:01 p.m.
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

Leadership[1]
Top supplier in India and amongst top 3 players globally (ex. China) in Essentials and among top 5 globally in Specialities.

  • Market Cap 6,938 Cr.
  • Current Price 252
  • High / Low 321 / 220
  • Stock P/E 44.6
  • Book Value 66.6
  • Dividend Yield 0.24 %
  • ROCE 12.2 %
  • ROE 9.56 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 12.8% over last 3 years.
  • Dividend payout has been low at 9.39% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -3.20%

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
467 690 526 874 829 749 597 636 711 694 636 685 811
412 553 502 772 774 652 573 577 644 618 588 628 720
Operating Profit 56 137 24 102 55 97 23 59 67 76 48 57 91
OPM % 12% 20% 5% 12% 7% 13% 4% 9% 9% 11% 8% 8% 11%
3 5 9 2 5 5 7 8 7 6 12 13 15
Interest 5 3 1 6 5 2 4 5 7 7 4 6 4
Depreciation 12 11 11 11 13 13 17 18 22 21 22 22 24
Profit before tax 43 129 21 87 42 87 10 42 44 55 34 43 79
Tax % 27% 24% 51% 6% 8% 25% 11% 19% 41% 31% 31% 8% 30%
31 99 10 81 39 65 9 34 26 38 23 39 55
EPS in Rs 1.18 3.74 0.39 3.08 1.47 2.47 0.34 1.30 0.98 1.43 0.88 1.42 2.00
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
902 1,008 1,273 1,429 1,359 1,606 2,877 2,693 2,824
825 892 1,124 1,275 1,239 1,401 2,541 2,444 2,554
Operating Profit 76 116 149 154 120 205 337 249 270
OPM % 8% 12% 12% 11% 9% 13% 12% 9% 10%
3 2 4 6 33 9 21 26 49
Interest 18 11 10 16 15 18 17 22 20
Depreciation 28 27 29 41 48 45 47 70 89
Profit before tax 32 81 113 103 90 151 294 183 211
Tax % 23% 12% 32% 24% 13% 19% 18% 27% 26%
25 71 77 78 79 123 240 135 156
EPS in Rs 24.56 70.71 76.66 15.54 17.46 4.65 9.09 5.08 5.64
Dividend Payout % 4% 0% 0% 2% 10% 11% 8% 10% 11%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 21%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 8%
TTM: 16%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 4%
1 Year: -5%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 13%
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 Mar 2024
Equity Capital 10 10 10 50 45 53 53 53 55
Reserves 224 294 370 405 396 992 1,230 1,367 1,781
199 79 194 143 138 75 99 372 139
158 227 258 359 445 616 785 537 865
Total Liabilities 590 610 832 958 1,024 1,735 2,166 2,329 2,840
207 195 273 327 327 315 361 694 699
CWIP 33 48 30 31 23 60 177 88 147
Investments 19 23 20 20 21 25 32 287 444
332 344 509 579 653 1,335 1,597 1,259 1,551
Total Assets 590 610 832 958 1,024 1,735 2,166 2,329 2,840

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
135 110 61 161 521
-3 -604 44 -362 -498
-115 485 -87 241 -9
Net Cash Flow 17 -9 17 40 14

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
Debtor Days 61 78 83 78 85 87 79 73 78
Inventory Days 61 34 51 48 57 59 60 50 47
Days Payable 70 85 83 112 154 155 127 93 145
Cash Conversion Cycle 52 27 51 13 -12 -8 12 30 -20
Working Capital Days 52 29 59 36 37 20 54 66 44
ROCE % 22% 26% 20% 14% 20% 25% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.92% 72.92% 72.92% 72.92% 72.52% 72.51% 72.50% 72.50% 72.39% 72.39% 69.83% 69.71%
3.58% 0.87% 0.33% 0.34% 0.60% 0.45% 0.45% 0.47% 0.48% 0.48% 0.67% 0.85%
5.01% 3.30% 3.28% 3.39% 3.22% 1.62% 1.65% 1.73% 1.54% 1.55% 3.53% 3.43%
18.49% 22.91% 23.47% 23.34% 23.66% 25.42% 25.40% 25.30% 25.59% 25.58% 25.97% 26.00%
No. of Shareholders 1,55,6003,35,9334,13,3444,21,4584,40,4464,76,9284,73,4114,64,9384,55,3374,52,2924,48,0684,28,184

* 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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