Laxmi Organic Industries Ltd

Laxmi Organic Industries Ltd

₹ 263 3.30%
24 Jul - close price
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 7,265 Cr.
  • Current Price 263
  • High / Low 321 / 220
  • Stock P/E 61.5
  • Book Value 65.2
  • Dividend Yield 0.23 %
  • ROCE 9.40 %
  • ROE 7.36 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company's working capital requirements have reduced from 49.0 days to 23.6 days

Cons

  • Company has a low return on equity of 12.1% over last 3 years.
  • Dividend payout has been low at 10.5% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -3.37%

* 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 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
520 736 608 860 880 757 652 655 730 729 652 694 792
456 591 577 741 795 656 624 600 672 652 613 642 702
Operating Profit 64 145 31 119 85 100 29 55 58 77 39 52 90
OPM % 12% 20% 5% 14% 10% 13% 4% 8% 8% 11% 6% 7% 11%
2 4 7 2 2 2 3 3 7 4 8 6 8
Interest 5 3 1 7 5 2 4 6 -1 5 2 1 -1
Depreciation 12 11 11 13 13 14 17 19 23 21 28 28 31
Profit before tax 49 136 25 100 69 87 10 34 43 56 18 30 68
Tax % 25% 25% 42% 18% -1% 26% 15% 19% 43% 31% 39% 8% 35%
36 102 15 82 70 64 9 27 24 38 11 27 44
EPS in Rs 1.38 3.88 0.55 3.11 2.65 2.43 0.32 1.03 0.92 1.44 0.40 0.99 1.61
Raw PDF
Upcoming result date: 26 July 2024

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 Mar 2024
1,074 1,047 1,076 1,376 1,569 1,534 1,768 3,084 2,791 2,863
988 966 957 1,222 1,414 1,418 1,548 2,713 2,548 2,605
Operating Profit 86 80 119 154 155 117 220 371 243 259
OPM % 8% 8% 11% 11% 10% 8% 12% 12% 9% 9%
1 2 2 3 6 30 4 15 18 28
Interest 26 19 11 12 19 17 19 19 15 9
Depreciation 30 29 28 31 44 49 47 48 72 107
Profit before tax 31 34 82 113 98 81 158 319 173 171
Tax % 31% 22% 13% 33% 26% 13% 20% 19% 28% 29%
21 27 72 76 72 70 127 257 125 121
EPS in Rs 21.12 26.56 71.50 75.63 14.46 15.57 4.82 9.76 4.70 4.37
Dividend Payout % 0% 0% 0% 0% 0% 11% 10% 7% 11% 14%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 17%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: -2%
TTM: -5%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -1%
1 Year: 3%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 12%
Last Year: 7%

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 Mar 2024
Equity Capital 10 10 10 10 50 45 53 53 53 55
Reserves 199 225 295 369 400 382 982 1,237 1,359 1,742
249 221 104 215 175 159 149 139 406 143
152 176 240 300 389 484 654 820 595 887
Total Liabilities 610 632 649 895 1,014 1,069 1,838 2,249 2,412 2,827
226 215 202 293 346 338 325 379 715 879
CWIP 25 40 61 30 31 67 148 374 447 444
Investments 0 0 0 0 0 0 3 5 23 126
358 377 386 571 637 664 1,361 1,492 1,228 1,378
Total Assets 610 632 649 895 1,014 1,069 1,838 2,249 2,412 2,827

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 Mar 2024
80 150 -7 188 196 106 65 199 562
-21 -37 -85 -123 -56 -641 76 -384 -490
-57 -107 85 -63 -123 527 -124 232 -42
Net Cash Flow 1 6 -7 2 16 -7 17 47 30

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 Mar 2024
Debtor Days 64 67 79 86 76 86 90 79 75 74
Inventory Days 37 57 37 55 57 51 63 64 58 54
Days Payable 52 67 85 81 105 138 148 122 92 145
Cash Conversion Cycle 49 56 30 60 28 -1 5 21 41 -16
Working Capital Days 65 66 36 65 43 25 27 58 66 24
ROCE % 12% 22% 25% 19% 12% 20% 26% 12% 9%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
72.92% 72.92% 72.92% 72.52% 72.51% 72.50% 72.50% 72.39% 72.39% 69.83% 69.71% 69.55%
0.87% 0.33% 0.34% 0.60% 0.45% 0.45% 0.47% 0.48% 0.48% 0.67% 0.85% 1.05%
3.30% 3.28% 3.39% 3.22% 1.62% 1.65% 1.73% 1.54% 1.55% 3.53% 3.43% 2.16%
22.91% 23.47% 23.34% 23.66% 25.42% 25.40% 25.30% 25.59% 25.58% 25.97% 26.00% 27.25%
No. of Shareholders 3,35,9334,13,3444,21,4584,40,4464,76,9284,73,4114,64,9384,55,3374,52,2924,48,0684,28,1844,20,509

* 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.

Click on the line-items to see the names of individual entities.

Documents

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