Past 10 year’s financial track record analysis by Moneyworks4me indicates that Lakshmi Precision Screws Ltd is a below average quality company.
The key valuation ratios of Lakshmi Precision Screws Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Lakshmi Precision Screws Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'08 | Mar'09 | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 14.4% | 11.7% | 11.7% | 14.3% | 12.7% | 11.6% | 2.4% | 11.2% | 9.4% | -0.1% | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 207 | 224 | 228 | 310 | 343 | 320 | 351 | 374 | 310 | 259 | 251 |
| Sales YoY Gr. | - | 8.3% | 1.8% | 35.9% | 10.7% | -6.7% | 9.9% | 6.4% | -17.1% | -16.5% | - |
| Adj EPS ⓘ | 5.4 | 3.2 | 4.8 | 6.9 | 8.1 | 4.6 | -25.2 | 0.4 | -25.5 | -38.3 | -30.3 |
| YoY Gr. | - | -40.6% | 50.6% | 43.6% | 17.5% | -43.1% | -644.1% | NA | -7194.4% | NA | - |
| BVPS (₹) ⓘ | 74 | 75.4 | 79.8 | 86.2 | 91 | 94.2 | 68.3 | 67.7 | 58.8 | 21.4 | 0 |
| Adj Net Profit ⓘ | 5.9 | 3.5 | 5.3 | 7.6 | 8.9 | 5.1 | -27.6 | 0.4 | -28 | -41.9 | -33 |
| Cash Flow from Ops. ⓘ | -14.9 | 6.4 | 11.7 | 43 | 19.9 | 6.3 | 27.5 | 55.6 | 76.7 | 30.2 | - |
| Debt/CF from Ops. ⓘ | -7.3 | 18.6 | 10.3 | 3.4 | 9.9 | 36.7 | 9.4 | 4.8 | 3.3 | 8.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 2.5% | -5.5% | -9.7% | -16.5% | ||||
| Adj EPS ⓘ | -224.4% | -236.4% | NA | NA | ||||
| BVPSⓘ | -12.9% | -25.2% | -32.1% | -63.7% | ||||
| Share Price | -19.1% | 3.1% | 8.5% | 31.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'08 | Mar'09 | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.5 | 4.3 | 6.2 | 8.3 | 9.2 | 5 | -31 | 0.5 | -40.4 | -95.6 | -283.8 |
| Op. Profit Mgn % ⓘ | 14.1 | 12.9 | 15.2 | 14.8 | 16.7 | 17.8 | 7.4 | 12.7 | 5.6 | 0.5 | 0.1 |
| Net Profit Mgn % ⓘ | 2.9 | 1.6 | 2.3 | 2.5 | 2.6 | 1.6 | -7.8 | 0.1 | -9 | -16.2 | -13.2 |
| Debt to Equity ⓘ | 1.4 | 1.5 | 1.4 | 1.6 | 2 | 2.3 | 3.5 | 3.6 | 3.9 | 11.2 | - |
| Working Cap Days ⓘ | 270 | 283 | 316 | 265 | 272 | 319 | 321 | 330 | 369 | 377 | 182 |
| Cash Conv. Cycle ⓘ | 149 | 163 | 181 | 139 | 153 | 213 | 235 | 220 | 235 | 244 | -44 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years -9.70%
Debt to equity has increased versus last 3 years average to 11.16
Sales growth is not so good in last 4 quarters at -7.98%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -30.3 | -36.6 |
| TTM Sales (₹ Cr.) | 251 | 259 |
| BVPS (₹.) ⓘ | 0 | 0 |
| Reserves (₹ Cr.) ⓘ | -26 | 15 |
| P/BV ⓘ | 0.00 | 0.00 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 4.18 / 7.24 |
| All Time Low / High (₹) | 2.92 / 160.40 |
| Market Cap (₹ Cr.) | 6.8 |
| Equity (₹ Cr.) | 10.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 47.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'08 | Mar'09 | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 206.60 | 223.66 | 227.71 | 309.53 | 342.67 | 319.59 | 351.36 | 373.93 | 309.92 | 258.69 |
| Operating Expenses ⓘ | 177.58 | 194.87 | 193.03 | 263.72 | 287.63 | 264.04 | 326.94 | 326.39 | 292.61 | 257.49 |
| Manufacturing Costs | 41.52 | 40.12 | 46.27 | 54.69 | 58.65 | 53.22 | 64.92 | 59.71 | 50.96 | 39.07 |
| Material Costs | 78.85 | 92.07 | 80.91 | 128.85 | 134.67 | 118.76 | 138.58 | 160.20 | 141.85 | 119.33 |
| Employee Cost | 30.60 | 33.10 | 37.74 | 44.90 | 55.05 | 55.73 | 87.15 | 73.37 | 70.97 | 73.64 |
| Other Costs ⓘ | 26.61 | 29.58 | 28.11 | 35.28 | 39.26 | 36.33 | 36.30 | 33.11 | 28.83 | 25.45 |
| Operating Profit ⓘ | 29.03 | 28.80 | 34.68 | 45.81 | 55.05 | 55.56 | 24.42 | 47.54 | 17.30 | 1.20 |
| Operating Profit Margin (%) | 14.1% | 12.9% | 15.2% | 14.8% | 16.1% | 17.4% | 7.0% | 12.7% | 5.6% | 0.5% |
| Other Income ⓘ | 3.57 | 3.35 | 1.64 | 4.30 | 1.09 | 2.28 | 0.14 | 1.44 | 4.25 | 15.52 |
| Interest ⓘ | 11.73 | 16.31 | 15.34 | 18.35 | 25.40 | 31.43 | 36.45 | 37.32 | 38 | 40.56 |
| Depreciation ⓘ | 8.53 | 9.30 | 12.39 | 18.12 | 22.17 | 21.15 | 16.62 | 11.28 | 15.23 | 17.13 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24.60 | 0 |
| Profit Before Tax ⓘ | 12.34 | 6.55 | 8.59 | 13.64 | 8.57 | 5.25 | -28.50 | 0.38 | -7.07 | -40.97 |
| Tax ⓘ | 4.62 | 3.05 | 3.31 | 4.76 | 1.20 | 1.04 | 0.12 | 0 | 2.50 | 0 |
| Profit After Tax | 7.72 | 3.50 | 5.28 | 8.88 | 7.37 | 4.21 | -28.62 | 0.38 | -9.57 | -40.97 |
| PAT Margin (%) | 3.7% | 1.6% | 2.3% | 2.9% | 2.2% | 1.3% | -8.1% | 0.1% | -3.1% | -15.8% |
| Adjusted EPS (₹) | 7.1 | 3.2 | 4.8 | 8.1 | 6.7 | 3.8 | -26.2 | 0.4 | -8.7 | -37.4 |
| Dividend Payout Ratio (%) | 17% | 19% | 21% | 18% | 22% | 21% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'08 | Mar'09 | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 81.22 | 82.71 | 87.50 | 94.57 | 99.86 | 103.24 | 74.81 | 74.10 | 64.34 | 23.37 |
| Share Capital ⓘ | 10.94 | 10.94 | 10.94 | 10.94 | 10.94 | 10.94 | 10.94 | 10.94 | 10.94 | 10.94 |
| Reserves ⓘ | 70.28 | 71.76 | 76.56 | 83.63 | 88.92 | 92.30 | 63.87 | 63.15 | 53.39 | 12.42 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 109.40 | 119.30 | 119.86 | 129.77 | 172.21 | 207.05 | 232.62 | 244.23 | 224.95 | 219.49 |
| Long Term Debt | 109.40 | 119.30 | 119.86 | 38.45 | 38.26 | 31.86 | 52.48 | 87.95 | 77.63 | 62.42 |
| Short Term Debt | 0 | 0 | 0 | 91.32 | 133.95 | 175.19 | 180.14 | 156.28 | 147.32 | 157.07 |
| Trade Payables | 50.92 | 53.07 | 68.04 | 91.45 | 73.55 | 50.50 | 56.22 | 84.50 | 73.30 | 55.45 |
| Others Liabilities ⓘ | 17.82 | 18.01 | 24.52 | 51.99 | 62.93 | 68.26 | 99.49 | 108.46 | 124.43 | 161.83 |
| Total Liabilities ⓘ | 259.35 | 273.08 | 299.92 | 367.78 | 408.55 | 429.05 | 463.14 | 511.29 | 487.02 | 460.14 |
Fixed Assets | ||||||||||
| Gross Block | 123.23 | 143.25 | 152.53 | 202.24 | 234.50 | 241.92 | 253.20 | 266.76 | 345.15 | 342.20 |
| Accumulated Depreciation | 71.86 | 81.16 | 93.55 | 111.52 | 133.45 | 153.85 | 170.35 | 182.56 | 195.40 | 198.35 |
| Net Fixed Assetsⓘ | 51.37 | 62.09 | 58.98 | 90.72 | 101.05 | 88.07 | 82.85 | 84.20 | 149.75 | 143.84 |
| CWIP ⓘ | 2.61 | 1.04 | 0.52 | 1.12 | 0.32 | 0.54 | 4.47 | 24.30 | 17.96 | 24.25 |
| Investmentsⓘ | 4.22 | 4.27 | 4.27 | 4.27 | 4.27 | 4.27 | 4.27 | 4.27 | 1.92 | 1.74 |
| Inventories | 116.09 | 129.15 | 154.78 | 173.72 | 203.88 | 234.92 | 251.26 | 272.17 | 200.58 | 196.40 |
| Trade Receivables | 57.74 | 51.67 | 53.54 | 63.29 | 67.87 | 65.91 | 74.23 | 77.64 | 74.20 | 55.10 |
| Cash Equivalents | 10.45 | 6.76 | 9.72 | 9.10 | 9.83 | 11.25 | 12.64 | 14.71 | 10.49 | 5.22 |
| Others Assetsⓘ | 16.87 | 18.09 | 18.12 | 25.55 | 21.33 | 24.08 | 33.40 | 33.99 | 32.12 | 33.57 |
| Total Assets ⓘ | 259.35 | 273.08 | 299.92 | 367.78 | 408.55 | 429.05 | 463.14 | 511.29 | 487.02 | 460.14 |
| PARTICULARS | Mar'08 | Mar'09 | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -14.90 | 6.43 | 11.67 | 42.99 | 19.92 | 6.33 | 27.50 | 55.55 | 76.69 | 30.23 |
| PBT ⓘ | 12.35 | 6.55 | 8.59 | 8.88 | 7.37 | 4.21 | -28.62 | 0.38 | -7.07 | -40.97 |
| Adjustment ⓘ | 20.04 | 24.32 | 29.53 | 39.61 | 48.33 | 53.05 | 52.68 | 47.79 | 9.43 | 39.13 |
| Changes in Working Capital ⓘ | -34.04 | -7.22 | -8.66 | -4.44 | -34.04 | -49.57 | 5.95 | 7.53 | 74.48 | 32.07 |
| Tax Paid ⓘ | -1.60 | -1 | -1.20 | -1.06 | -1.74 | -1.35 | -2.51 | -0.15 | -0.15 | 0 |
| Cash Flow From Investing Activity ⓘ | -18.04 | -18.50 | -8.52 | -50.26 | -32.76 | -6.78 | -20.29 | -25.51 | -34.42 | 2.57 |
| Capex | -18.24 | -18.53 | -8.76 | -50.51 | -31.77 | -8.31 | -15.37 | -33.77 | -74.44 | -2.06 |
| Net Investments | -0.09 | -0.05 | 0 | 0 | 0 | 0 | 0 | 0 | 40.18 | 0.18 |
| Others ⓘ | 0.28 | 0.08 | 0.23 | 0.25 | -0.99 | 1.52 | -4.92 | 8.26 | -0.16 | 4.44 |
| Cash Flow From Financing Activityⓘ | 38.42 | 8.39 | -0.19 | 6.40 | 11.95 | 2.42 | -9.90 | -30.37 | -40.64 | -34.87 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 14.96 | 2.51 | -1.42 | 14.51 | 8.24 | -5.46 | 18.57 | 7.98 | -9.80 | -26.59 |
| Interest Paid ⓘ | 0 | 0 | 0 | -18.35 | -24.97 | -31.43 | -36.45 | -37.32 | -27.43 | -28.22 |
| Dividend Paid ⓘ | -2.25 | -1.51 | -0.76 | -1.23 | -1.88 | -1.93 | -1.01 | 0.04 | 0.04 | -0.02 |
| Others ⓘ | 25.71 | 7.39 | 1.99 | 11.47 | 30.56 | 41.24 | 8.99 | -1.07 | -3.46 | 19.97 |
| Net Cash Flow ⓘ | 5.48 | -3.68 | 2.95 | -0.88 | -0.89 | 1.96 | -2.69 | -0.33 | 1.63 | -2.07 |
| PARTICULARS | Mar'08 | Mar'09 | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.93 | 4.29 | 6.21 | 9.78 | 7.6 | 4.15 | -32.19 | 0.51 | -13.82 | -93.43 |
| ROCE (%) | 14.43 | 11.66 | 11.7 | 14.3 | 12.66 | 11.61 | 2.37 | 11.18 | 9.4 | -0.14 |
| Asset Turnover Ratio | 0.99 | 0.94 | 0.86 | 1.01 | 0.96 | 0.84 | 0.87 | 0.84 | 0.68 | 0.61 |
| PAT to CFO Conversion(x) | -1.93 | 1.84 | 2.21 | 4.84 | 2.7 | 1.5 | N/A | 146.18 | N/A | N/A | Working Capital Days |
| Receivable Days | 77 | 80 | 78 | 63 | 64 | 69 | 66 | 67 | 81 | 82 |
| Inventory Days | 171 | 179 | 211 | 178 | 185 | 227 | 229 | 232 | 253 | 253 |
| Payable Days | 219 | 200 | 256 | 206 | 210 | 189 | 138 | 159 | 203 | 197 |
Lakshmi Precision Screws Ltd. was established in year 1972, Fastening technology is its core business and customer services their guiding principle. It is one of the leading manufacturers and suppliers of high tensile fasteners catering to the needs of all the sectors like wind energy, locomotive, automobiles industrial and its sub cons, agricultural equipments (tractors), machine buildings, etc.
The company is one of the largest exporters of fasteners in India. 35% of the total sales is contributed from the products exported to a range of countries such as USA, Australia, Canada, Denmark, Dubai, France, Germany, Hong Kong, Indonesia, Japan, Malaysia, Singapore, South Africa, Switzerland, Sweden, etc. The company is a partner of the Global Fastener Alliance (GFA).
The company is located in Rohtak (Haryana) which has a close proximity being just sixty Kms. from the National Capital, New Delhi and falls in the northern region of India. With sheer hard work and sincerity The company had set up another plant in the year 1993 keeping in view the growing global demand. In the recent past the company had set operational two more units, one in Rohtak and another in Industrial Modal Town, Manesar where leading manufacturers such as Hero Honda, Honda Motors Scooters India, Maruti Suzuki, etc. are also established. The said manufacturers are also the customers of the company.
However, collectively all the four units of this company are spread over an area of 1, 00,000 square meters and have a total production capacity of 25,000 metric tons (MT) per annum. The company expects that its production capacity will be rising 10% every year. The companies manufacturing units and warehouses were built keeping in view the close proximity of its ancillaries, raw material providers and national highways.
LPS was designed keeping in mind its clients need to find the optimum mix of exceptional quality and cost-effectiveness. Its core-expertise today lies in its ability to resource materials and manufacture completely custom-designed solutions. Its farsightedness and acute understanding of the nature of business has now made LPS one of the global leader in the making of high tensile precision fasteners and cold-forged components.
Product range of the company includes:
Standard Products
Special Products
Milestones :
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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