Laxmi Organic Inds.

₹229.3 -2.9 | 1.3%

WEBSITE BSE:543277 NSE : LXCHEM 10 May, 16:01

Market Cap ₹6322 Cr.

Stock P/E 61.1

P/B 3.6

Current Price ₹229.3

Book Value ₹ 63.3

Face Value 2

52W High ₹320.7

Dividend Yield 0.22%

52W Low ₹ 222

Edit Ratio

Laxmi Organic Inds. Research see more...

Overview Inc. Year: 1989Industry: Chemicals

Laxmi Organic Industries Ltd, a speciality chemical producer, provides acetyl and speciality intermediates. Its acetyl intermediates consist of ethyl acetate, acetaldehyde, fuel-grade ethanol, and different proprietary solvents; and speciality intermediates include ketene, acetic anhydride, amides, arylides, and other chemicals, in addition to diketene derivatives, along with esters. The organization’s merchandise discover application in numerous industries, consisting of prescribed drugs, agrochemicals, dyes and pigments, inks and coatings, paints, printing and packaging, flavours and fragrances, adhesives, and different industrial packages. It serves customers in approximately 30 nations, along with India, China, the Netherlands, Russia, Singapore, the United Arab Emirates, the UK, and the USA. The organisation was founded in 1989 and is based in Mumbai, India.

Laxmi Organic Inds. Share Price

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Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

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Peer Comparison

Laxmi Organic Inds. Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	608	860	880	757	652	655	733	734	652	694
Other Income	7	2	2	2	3	3	4	4	8	5
Total Income	615	862	882	759	655	658	737	738	660	700
Total Expenditure	577	753	795	656	624	600	672	656	613	642
Operating Profit	38	109	87	103	31	58	65	81	47	58
Interest	1	7	5	2	4	6	-1	5	2	1
Depreciation	11	13	13	14	17	19	23	21	28	28
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	25	89	69	87	10	34	43	56	18	30
Provision for Tax	11	18	-1	22	1	6	18	17	7	2
Profit After Tax	15	71	70	64	9	27	24	38	11	27
Adjustments	0	-0	-0	-0	-0	-0	0	0	0	0
Profit After Adjustments	15	71	70	64	9	27	24	38	11	27
Adjusted Earnings Per Share	0.6	2.7	2.7	2.4	0.3	1	0.9	1.4	0.4	1

Laxmi Organic Inds. Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	601	858	1074	1047	1076	1376	1569	1534	1768	3084	2797	2813
Other Income	2	1	1	2	2	3	6	4	5	15	12	21
Total Income	603	859	1075	1048	1078	1379	1574	1539	1773	3099	2809	2835
Total Expenditure	549	789	987	966	955	1224	1413	1418	1549	2713	2549	2583
Operating Profit	54	71	88	82	123	154	161	121	224	386	260	251
Interest	13	23	27	19	14	11	19	17	19	19	15	7
Depreciation	19	32	30	29	28	29	44	49	47	48	72	100
Exceptional Income / Expenses	11	0	0	0	0	0	0	26	0	0	0	0
Profit Before Tax	34	16	31	34	81	114	98	81	158	319	173	147
Provision for Tax	12	4	9	8	10	38	25	11	31	61	48	44
Profit After Tax	22	12	21	27	71	76	72	70	127	257	125	100
Adjustments	0	-0	-0	-0	0	0	0	-0	-0	-0	-0	0
Profit After Adjustments	22	11	21	27	71	76	72	70	127	257	125	100
Adjusted Earnings Per Share	3.5	1.8	3.4	4.2	11.3	12.2	2.9	3.1	4.8	9.8	4.7	3.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-9%	22%	15%	17%
Operating Profit CAGR	-33%	29%	11%	17%
PAT CAGR	-51%	21%	10%	19%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-19%	0%	NA%	NA%
ROE Average	9%	16%	17%	16%
ROCE Average	12%	19%	19%	17%

Laxmi Organic Inds. Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	178	189	209	235	305	380	450	427	1035	1290	1412
Minority's Interest	0	0	-0	0	0	0	0	0	0	0	1
Borrowings	123	107	98	75	42	53	75	90	10	2	130
Other Non-Current Liabilities	23	20	20	20	11	18	30	23	25	25	39
Total Current Liabilities	197	262	283	302	279	427	460	529	768	932	830
Total Liabilities	521	579	610	632	637	878	1014	1069	1838	2249	2412
Fixed Assets	218	212	226	215	202	279	346	338	325	379	715
Other Non-Current Assets	31	42	44	59	76	55	44	93	207	398	481
Total Current Assets	271	324	340	359	358	537	625	639	1305	1473	1217
Total Assets	521	579	610	632	637	878	1014	1069	1838	2249	2412

Laxmi Organic Inds. Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	6	2	5	8	9	12	5	8	24	17	34
Cash Flow from Operating Activities	-13	-21	109	80	143	-32	188	196	106	65	199
Cash Flow from Investing Activities	-48	-21	-60	-21	-36	-85	-123	-56	-641	55	-384
Cash Flow from Financing Activities	58	45	-37	-57	-104	110	-63	-123	527	-124	232
Net Cash Inflow / Outflow	-4	2	12	1	3	-7	2	16	-7	-4	47
Closing Cash & Cash Equivalent	2	5	17	9	12	5	8	24	17	34	81

Laxmi Organic Inds. Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	3.49	1.84	3.38	4.25	11.29	12.19	2.89	3.11	4.82	9.76	4.7
CEPS(Rs)	6.46	6.95	8.26	8.91	15.76	16.9	4.65	5.29	6.58	11.59	7.43
DPS(Rs)	0.14	0.08	0.13	0.16	0	0.24	0	0	0.5	0.7	0.5
Book NAV/Share(Rs)	28.32	30.29	33.39	37.52	48.71	60.73	17.98	18.97	39.06	47.87	52.29
Core EBITDA Margin(%)	7.94	7.46	7.62	7.23	10.55	10.86	9.9	7.6	12.4	12.04	8.87
EBIT Margin(%)	7.12	4.16	5.06	4.77	8.27	8.96	7.43	6.38	10.03	10.95	6.71
Pre Tax Margin(%)	5.13	1.68	2.67	3.08	7.08	8.17	6.22	5.27	8.96	10.34	6.18
PAT Margin (%)	3.33	1.23	1.85	2.39	6.17	5.47	4.62	4.58	7.19	8.35	4.46
Cash Profit Margin (%)	6.15	4.65	4.52	5.01	8.61	7.59	7.42	7.77	9.82	9.91	7.04
ROA(%)	4.2	2.09	3.56	4.29	11.13	10.07	7.65	6.74	8.74	12.6	5.35
ROE(%)	12.33	6.28	10.64	12.01	26.18	22.28	17.45	16.02	17.44	22.46	9.41
ROCE(%)	12.81	9.46	12.65	11.63	21.56	24.54	19.1	16.16	20.14	26	11.62
Receivable days	65.59	58.92	59.4	62.08	67.28	72.75	75.67	81.55	81.94	65.27	80.83
Inventory Days	58.17	37.12	27.02	33.55	31.2	28.88	36.83	38.38	36.65	34.15	43.59
Payable days	96.83	58.56	46.67	60.97	75.22	71.13	88.23	121.68	137.79	101.88	115.88
PER(x)	0	0	0	0	0	0	0	0	36.17	40.93	47.43
Price/Book(x)	0	0	0	0	0	0	0	0	4.46	8.35	4.26
Dividend Yield(%)	0	0	0	0	0	0	0	0	0.29	0.18	0.22
EV/Net Sales(x)	0.31	0.31	0.23	0.21	0.1	0.16	0.11	0.11	2.37	3.4	2.21
EV/Core EBITDA(x)	3.5	3.73	2.74	2.64	0.85	1.42	1.11	1.38	18.74	27.16	23.73
Net Sales Growth(%)	0	42.76	25.11	-2.54	2.8	27.85	14.03	-2.19	15.27	74.41	-9.33
EBIT Growth(%)	0	-16.86	48.81	-8.18	78.18	31.9	-6.68	-16.03	81.33	90.4	-44.41
PAT Growth(%)	0	-47.34	84.18	25.72	165.08	8.04	-5.08	-2.97	80.9	102.59	-51.59
EPS Growth(%)	0	-47.4	83.92	25.71	165.62	8.04	-76.27	7.66	54.7	102.57	-51.87
Debt/Equity(x)	1.06	1.41	1.19	0.94	0.39	0.57	0.39	0.37	0.14	0.11	0.29
Current Ratio(x)	1.37	1.24	1.2	1.19	1.29	1.26	1.36	1.21	1.7	1.58	1.47
Quick Ratio(x)	0.84	0.91	0.91	0.79	1.02	0.92	0.99	0.92	1.44	1.18	1.11
Interest Cover(x)	3.57	1.68	2.12	2.83	6.92	11.28	6.15	5.74	9.34	17.83	12.63
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0.03	0.01	0.07

Laxmi Organic Inds. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	72.92	72.92	72.53	72.51	72.51	72.5	72.39	72.39	69.83	69.72
FII	0.33	0.34	0.6	0.45	0.45	0.48	0.48	0.48	0.67	0.85
DII	3.28	3.39	3.22	1.62	1.65	1.73	1.54	1.55	3.54	3.44
Public	23.47	23.35	23.66	25.42	25.4	25.29	25.59	25.57	25.97	26
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	19.23	19.23	19.23	19.23	19.23	19.23	19.23	19.23	19.23	19.23
FII	0.09	0.09	0.16	0.12	0.12	0.13	0.13	0.13	0.18	0.23
DII	0.87	0.89	0.85	0.43	0.44	0.46	0.41	0.41	0.97	0.95
Public	6.19	6.16	6.27	6.74	6.73	6.71	6.8	6.79	7.15	7.17
Others	0	0	0	0	0	0	0	0	0	0
Total	26.37	26.37	26.51	26.52	26.52	26.52	26.56	26.56	27.53	27.58

Pros

Company is almost debt free.

Cons

Debtor days have increased from 101.88 to 115.88days.
Stock is trading at 3.6 times its book value.

* 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.