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 ₹ 6,984 Cr.
- Current Price ₹ 253
- High / Low ₹ 321 / 222
- Stock P/E 69.5
- Book Value ₹ 53.0
- Dividend Yield 0.20 %
- ROCE 11.5 %
- ROE 9.18 %
- Face Value ₹ 2.00
Pros
Cons
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
1,074 | 1,047 | 1,076 | 1,376 | 1,569 | 1,534 | 1,768 | 3,084 | 2,797 | 2,809 | |
988 | 966 | 957 | 1,222 | 1,414 | 1,418 | 1,548 | 2,713 | 2,548 | 2,580 | |
Operating Profit | 86 | 80 | 119 | 154 | 155 | 117 | 220 | 371 | 248 | 229 |
OPM % | 8% | 8% | 11% | 11% | 10% | 8% | 12% | 12% | 9% | 8% |
1 | 2 | 2 | 3 | 6 | 30 | 4 | 15 | 12 | 21 | |
Interest | 26 | 19 | 11 | 12 | 19 | 17 | 19 | 19 | 15 | 6 |
Depreciation | 30 | 29 | 28 | 31 | 44 | 49 | 47 | 48 | 72 | 99 |
Profit before tax | 31 | 34 | 82 | 113 | 98 | 81 | 158 | 319 | 173 | 146 |
Tax % | 31% | 22% | 13% | 33% | 26% | 13% | 20% | 19% | 28% | |
21 | 27 | 72 | 76 | 72 | 70 | 127 | 257 | 125 | 100 | |
EPS in Rs | 21.12 | 26.56 | 71.50 | 75.63 | 14.46 | 15.57 | 4.82 | 9.76 | 4.70 | 3.75 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 11% | 10% | 7% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 22% |
TTM: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 36% |
TTM: | -41% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 6% |
1 Year: | -10% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 16% |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 50 | 45 | 53 | 53 | 53 | 53 |
Reserves | 199 | 225 | 295 | 369 | 400 | 382 | 982 | 1,237 | 1,359 | 1,406 |
249 | 221 | 104 | 215 | 175 | 159 | 149 | 139 | 406 | 168 | |
152 | 176 | 240 | 300 | 389 | 484 | 654 | 820 | 595 | 550 | |
Total Liabilities | 610 | 632 | 649 | 895 | 1,014 | 1,069 | 1,838 | 2,249 | 2,412 | 2,176 |
226 | 215 | 202 | 293 | 346 | 338 | 325 | 379 | 715 | 887 | |
CWIP | 25 | 40 | 61 | 30 | 31 | 67 | 148 | 374 | 447 | 324 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 5 | 23 | 12 |
358 | 377 | 386 | 571 | 637 | 664 | 1,361 | 1,492 | 1,228 | 953 | |
Total Assets | 610 | 632 | 649 | 895 | 1,014 | 1,069 | 1,838 | 2,249 | 2,412 | 2,176 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
80 | 150 | -7 | 188 | 196 | 106 | 65 | 199 | ||
-21 | -37 | -85 | -123 | -56 | -641 | 76 | -384 | ||
-57 | -107 | 85 | -63 | -123 | 527 | -124 | 232 | ||
Net Cash Flow | 1 | 6 | -7 | 2 | 16 | -7 | 17 | 47 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 64 | 67 | 79 | 86 | 76 | 86 | 90 | 79 | 74 |
Inventory Days | 37 | 57 | 37 | 55 | 57 | 51 | 63 | 64 | 58 |
Days Payable | 52 | 67 | 85 | 81 | 105 | 138 | 148 | 122 | 92 |
Cash Conversion Cycle | 49 | 56 | 30 | 60 | 28 | -1 | 5 | 21 | 41 |
Working Capital Days | 65 | 66 | 36 | 65 | 43 | 25 | 27 | 58 | 66 |
ROCE % | 12% | 22% | 25% | 19% | 12% | 20% | 26% | 12% |
Documents
Announcements
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Compliance With Regulation 7(3) Of The SEBI(LODR), Regulations, 2015.
19 Apr - Compliance Certificate duly signed by the Compliance Officer of the Company and Authorised Representative of the Link InTime India Pvt Ltd, Registrar and Share Transfer …
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Certificate Under Regulation 40(9) Of The SEBI (LODR) Regulations, 2015
16 Apr - Duly signed certificate issued by M/s GMJ & Associates, Company Secretaries pursuant to Regulation 40(9) of the SEBI (LODR) Regulations, 2015 for the year ended …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Apr - Certificate received from Link Intime India Private Limited, Registrar and Share Transfer Agent of the Company, certifying compliance with the requirement of Regulation 74(5) of …
- Intimation Of Reclassification Application Submitted On August 31, 2023 In Accordance With Regulation 30 And 31A Of The SEBI (LODR) Regulations, 2015 ("SEBI LODR Regulations") 3 Apr
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Apr - Copies of the newspaper advertisement publishes in Business Standard and Sakal on March 29, 2024, confirming the dispatch of Postal Ballot Notice through electronic mode. …
Annual reports
Concalls
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Feb 2024Transcript PPT
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Oct 2023Transcript PPT REC
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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]