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 ₹ 6,903 Cr.
- Current Price ₹ 260
- High / Low ₹ 396 / 220
- Stock P/E 55.3
- Book Value ₹ 53.2
- Dividend Yield 0.19 %
- ROCE 11.3 %
- ROE 9.19 %
- Face Value ₹ 2.00
Pros
Cons
- Company might be capitalizing the interest cost
* 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 | |
---|---|---|---|---|---|---|---|---|---|
1,074 | 1,047 | 1,076 | 1,376 | 1,569 | 1,534 | 1,768 | 3,084 | 2,797 | |
988 | 966 | 957 | 1,222 | 1,414 | 1,418 | 1,548 | 2,713 | 2,552 | |
Operating Profit | 86 | 80 | 119 | 154 | 155 | 117 | 220 | 371 | 245 |
OPM % | 8% | 8% | 11% | 11% | 10% | 8% | 12% | 12% | 9% |
1 | 2 | 2 | 3 | 6 | 30 | 4 | 15 | 12 | |
Interest | 26 | 19 | 11 | 12 | 19 | 17 | 19 | 19 | 11 |
Depreciation | 30 | 29 | 28 | 31 | 44 | 49 | 47 | 49 | 72 |
Profit before tax | 31 | 34 | 82 | 113 | 98 | 81 | 158 | 318 | 173 |
Tax % | 31% | 22% | 13% | 33% | 26% | 13% | 20% | 19% | 28% |
Net Profit | 21 | 27 | 72 | 76 | 72 | 70 | 127 | 256 | 125 |
EPS in Rs | 21.12 | 26.56 | 71.50 | 75.63 | 14.46 | 15.57 | 4.82 | 9.72 | 4.70 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 11% | 10% | 7% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 22% |
TTM: | -9% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 36% |
TTM: | -51% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -30% |
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 | |
---|---|---|---|---|---|---|---|---|---|
10 | 10 | 10 | 10 | 50 | 45 | 53 | 53 | 53 | |
Reserves | 199 | 225 | 295 | 369 | 400 | 382 | 982 | 1,248 | 1,359 |
249 | 221 | 104 | 215 | 175 | 159 | 149 | 139 | 406 | |
152 | 176 | 240 | 300 | 389 | 484 | 654 | 825 | 595 | |
Total Liabilities | 610 | 632 | 649 | 895 | 1,014 | 1,069 | 1,838 | 2,265 | 2,412 |
226 | 215 | 202 | 293 | 346 | 338 | 325 | 394 | 715 | |
CWIP | 25 | 40 | 61 | 30 | 31 | 67 | 148 | 374 | 447 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 5 | 23 |
358 | 377 | 386 | 571 | 637 | 664 | 1,361 | 1,492 | 1,228 | |
Total Assets | 610 | 632 | 649 | 895 | 1,014 | 1,069 | 1,838 | 2,265 | 2,412 |
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 | 46 | 199 | ||
-21 | -37 | -85 | -123 | -56 | -641 | 95 | -384 | ||
-57 | -107 | 85 | -63 | -123 | 527 | -124 | 232 | ||
Net Cash Flow | 1 | 6 | -7 | 2 | 16 | -7 | 16 | 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 | 65 | 58 |
Days Payable | 52 | 67 | 85 | 81 | 105 | 138 | 148 | 123 | 92 |
Cash Conversion Cycle | 49 | 56 | 30 | 60 | 28 | -1 | 5 | 21 | 41 |
Working Capital Days | 65 | 66 | 36 | 65 | 43 | 25 | 27 | 58 | 68 |
ROCE % | 12% | 22% | 25% | 19% | 12% | 20% | 26% | 11% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Dividend Updates 18 May
- Action Taken Report For The Delay In Filing Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 22015 18 May
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
18 May - The Company, in its letter dated May 17, 2023, has submitted transcript which has some typographical errors. Hence, please see enclosed revised final transcript of …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
17 May - Compliance Report for the year ended March 31, 2023, issued by Mr. Mahesh Soni, Practicing Company Secretary of M/s. GMJ & Associates Company Secretaries. We …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
17 May - The Company participated in the investor conference as enclosed. No Unpublished Price Sensitive Information was shared / discussed in the meeting with the investors. Further, …
Concalls
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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 2021TranscriptNotesPPT
Business Overview
Laxmi Organic Industries Ltd is primarily a B2B business, currently operating in two verticals namely; Acetyl Intermediates (AI) and Specialty Intermediates (SI). The company is one of the India’s largest manufacturers and exporters of ethyl acetate, with a market share of approximately ~30%. Also, it is India’s only manufacturer of diketene derivatives, with a market share of approximately ~55%.
The upcoming fluorochemicals (FI) vertical is under capitalization. [1]