Laxmi Organic Industries Ltd

Laxmi Organic Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Laxmi Organic Industries Ltd

₹ 260 0.19%
05 Jun 3:12 p.m.
laxmi.com BSE: 543277 NSE : LXCHEM
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

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]

Website BSE NSE
  • 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
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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.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
387 404 410 436 520 736 608 860 880 757 652 655 733
367 362 366 368 456 591 577 741 795 656 624 600 672
Operating Profit 20 42 43 68 64 145 31 119 85 100 29 55 61
OPM % 5% 10% 11% 16% 12% 20% 5% 14% 10% 13% 4% 8% 8%
2 1 0 2 2 4 7 2 2 2 3 3 4
Interest 4 4 4 4 5 3 1 7 5 2 4 6 -1
Depreciation 13 11 12 12 12 11 11 13 13 14 17 19 23
Profit before tax 4 27 29 53 49 136 25 100 69 87 10 34 43
Tax % -156% 22% 16% 15% 25% 25% 42% 18% -1% 26% 15% 19% 43%
Net Profit 10 21 24 45 36 102 15 82 70 64 9 27 24
EPS in Rs 2.23 4.74 5.36 2.01 1.38 3.88 0.55 3.11 2.65 2.43 0.32 1.03 0.92
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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%

Shareholding Pattern

Numbers in percentages

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
72.92 72.92 72.92 72.92 72.92 72.53 72.51 72.50 72.50
5.54 3.58 0.87 0.33 0.34 0.60 0.45 0.45 0.47
6.05 5.01 3.30 3.28 3.39 3.22 1.62 1.65 1.73
15.49 18.49 22.91 23.47 23.35 23.66 25.42 25.40 25.30

* 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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