Is Laxmi Organic Industries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Laxmi Organic Industries Ltd is a average quality company .

Is Laxmi Organic Industries undervalued or overvalued?

The key valuation ratios of Laxmi Organic Industries Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is Laxmi Organic Industries share price return in the past 10 years?

Data is not available for this company

Is Laxmi Organic Industries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Laxmi Organic Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Laxmi Organic Industries?

The latest standalone P/E ratio of Laxmi Organic Industries as of 18-Nov-2024 is 38.63.

What is the P/B ratio of Laxmi Organic Industries?

The latest standalone P/B ratio of Laxmi Organic Industries as of 18-Nov-2024 is 3.66.

What is the 52-week high and low of Laxmi Organic Industries?

The 52-week high of Laxmi Organic Industries is Rs. 325.50 and the 52-week low is Rs. 220.00.

Laxmi Organic Industries Ltd - Stock Valuation and Financial Performance

Name: Laxmi Organic Industries
Brand: Laxmi Organic Industries

BSE: 543277 | NSE: LXCHEM | Chemicals | Small Cap

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Laxmi Organic Inds. Share Price

₹254.10 0.30 0.12%
as on 18-Nov'24 16:59

10 Year X-Ray of Laxmi Organic Inds.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	12.1%	11.6%	22.3%	25.3%	20.3%	18%	20%	24.9%	13%	12.4%	-
Value Creation Index ⓘ	-0.1	-0.1	0.7	0.9	0.5	0.3	0.5	0.8	0.0	-0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	958	902	1,008	1,273	1,429	1,359	1,606	2,877	2,691	2,824	2,959
Sales YoY Gr.	-	-5.9%	11.8%	26.3%	12.3%	-4.9%	18.2%	79.2%	-6.5%	5%	-
Adj EPS ⓘ	3	3.9	12	12.5	3.4	2.9	4.8	9.3	5.2	5.7	6.6
YoY Gr.	-	30.6%	205.9%	3.9%	-73.2%	-14.6%	67.8%	94.4%	-44.2%	9.6%	-
BVPS (₹) ⓘ	33.6	37.4	48.6	60.7	18.2	19.6	39.4	47.6	52.6	65.7	69.3
Adj Net Profit ⓘ	18.8	24.6	75.2	78.2	83.7	64.3	127	246	138	157	182
Cash Flow from Ops. ⓘ	138	84.5	143	-0.2	194	135	110	60.6	161	521	-
Debt/CF from Ops. ⓘ	1.6	2.4	0.7	-843.7	0.7	1	0.7	1.6	2.3	0.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	12.8%	14.6%	20.7%	5%
Adj EPS ⓘ	7.4%	11.3%	6%	9.6%
BVPSⓘ	7.7%	29.3%	18.5%	24.8%
Share Price	-	-	-16.3%	-7.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	9.3	11.1	28	22.9	20.1	14.4	17.1	21.1	10.2	9.7	9.8
Op. Profit Mgn % ⓘ	8.6	8.4	12.4	11.9	11.3	9.2	13.1	12	9.4	9.8	10.4
Net Profit Mgn % ⓘ	2	2.7	7.5	6.1	5.9	4.7	7.9	8.6	5.1	5.6	6.2
Debt to Equity ⓘ	1.1	0.9	0.3	0.5	0.3	0.3	0.1	0.1	0.3	0.1	0
Working Cap Days ⓘ	119	120	111	118	132	155	161	140	173	154	81
Cash Conv. Cycle ⓘ	50	43	33	40	38	20	6	16	32	19	32

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 20.70%

Sales growth is good in last 4 quarters at 10.56%

Return on Equity has declined versus last 3 years average to 9.70%

Net Profit has been subdued in last 3 years 5.96%

Latest Financials - Laxmi Organic Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	6.6	4.8
TTM Sales (₹ Cr.)	2,959	2,976
BVPS (₹.) ⓘ	69.3	67.1
Reserves (₹ Cr.) ⓘ	1,863	1,800
P/BV ⓘ	3.66	3.79
PE ⓘ	38.63	52.48

From the Market
52 Week Low / High (₹)	220.00 / 325.50
All Time Low / High (₹)	143.00 / 628.05
Market Cap (₹ Cr.)	7,029
Equity (₹ Cr.)	55.3
Face Value (₹)	2
Industry PE ⓘ	55.9

Management X-Ray of Laxmi Organic Inds.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Laxmi Organic Inds.

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Price to Earnings

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Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Laxmi Organic Inds.

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	958	902	1,008	1,273	1,429	1,359	1,606	2,877	2,691	2,824
Operating Expenses ⓘ	875	825	889	1,124	1,275	1,239	1,401	2,541	2,444	2,552
Manufacturing Costs	72	84	114	137	164	180	189	289	383	367
Material Costs	720	639	683	880	976	931	1,048	1,976	1,779	1,892
Employee Cost	17	3	28	37	48	58	75	101	97	121
Other Costs ⓘ	67	101	65	70	87	69	90	175	185	171
Operating Profit ⓘ	82	76	118	149	153	120	205	337	247	273
Operating Profit Margin (%)	8.6%	8.4%	11.8%	11.7%	10.7%	8.8%	12.7%	11.7%	9.2%	9.7%
Other Income ⓘ	2	3	2	4	6	8	9	21	29	49
Interest ⓘ	27	18	13	10	16	15	18	17	22	22
Depreciation ⓘ	30	28	27	29	41	48	45	47	70	89
Exceptional Items ⓘ	0	0	0	0	0	26	0	0	0	0
Profit Before Tax ⓘ	27	32	81	113	103	90	151	294	183	211
Tax ⓘ	9	7	10	37	25	12	29	54	49	55
Profit After Tax	19	25	71	77	78	79	123	240	135	156
PAT Margin (%)	2.0%	2.7%	7.0%	6.0%	5.4%	5.8%	7.6%	8.3%	5.0%	5.5%
Adjusted EPS (₹)	3.0	3.9	11.3	12.3	3.1	3.5	4.7	9.1	5.1	5.6
Dividend Payout Ratio (%)	4%	4%	2%	2%	2%	0%	11%	8%	10%	11%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	210	234	304	380	456	441	1,040	1,255	1,395	1,811
Share Capital ⓘ	10	10	10	10	50	45	53	53	53	55
Reserves ⓘ	200	224	294	370	405	396	987	1,202	1,341	1,755
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	198	168	79	171	109	98	21	89	355	103
Long Term Debt	97	71	42	53	75	90	10	2	130	97
Short Term Debt	101	97	37	118	34	8	11	87	225	5
Trade Payables	96	124	158	199	300	393	444	687	452	754
Others Liabilities ⓘ	62	65	73	89	93	92	230	136	127	173
Total Liabilities ⓘ	567	590	615	839	958	1,024	1,735	2,166	2,329	2,840
Fixed Assets
Gross Block	372	389	222	328	423	470	502	596	989	1,081
Accumulated Depreciation	154	182	27	55	96	143	187	236	295	382
Net Fixed Assetsⓘ	218	207	195	273	327	327	315	361	694	699
CWIP ⓘ	20	33	48	30	31	23	60	177	88	147
Investmentsⓘ	4	19	23	20	20	21	25	32	287	444
Inventories	55	108	64	123	128	144	170	323	242	242
Trade Receivables	173	150	215	289	304	317	385	625	537	607
Cash Equivalents	8	11	15	7	44	34	534	177	118	287
Others Assetsⓘ	89	63	56	97	103	158	245	473	362	415
Total Assets ⓘ	567	590	615	839	958	1,024	1,735	2,166	2,329	2,840

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	138	84	143	0	194	135	110	61	161	521
PBT ⓘ	27	32	81	113	103	65	151	294	183	211
Adjustment ⓘ	31	45	38	33	55	56	57	71	81	90
Changes in Working Capital ⓘ	61	14	40	-127	64	29	-71	-252	-62	259
Tax Paid ⓘ	-7	-7	-15	-20	-28	-16	-26	-52	-41	-39
Cash Flow From Investing Activity ⓘ	-64	-29	-36	-84	-121	-3	-604	23	-362	-498
Capex	-53	-24	-31	-88	-97	-31	-71	-176	-312	-146
Net Investments	0	-54	-1	-3	-27	0	-22	-41	-15	-99
Others ⓘ	-11	48	-5	7	3	29	-511	240	-36	-253
Cash Flow From Financing Activityⓘ	-73	-53	-109	82	-70	-115	485	-87	241	-9
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	500	0	9	268
Net Proceeds from Borrowing ⓘ	0	0	-37	11	30	16	21	-136	130	-10
Interest Paid ⓘ	-26	-18	-11	-9	-14	-11	-14	-3	-17	-20
Dividend Paid ⓘ	-1	-1	-1	-1	-2	-2	-8	-13	-19	-13
Others ⓘ	-46	-33	-60	81	-84	-118	-14	65	137	-234
Net Cash Flow ⓘ	2	2	-2	-2	4	17	-9	-4	40	14

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	9.29	11.07	26.32	22.45	18.63	17.54	16.55	20.89	10.17	9.71
ROCE (%)	12.12	11.6	22.27	25.27	20.25	18.03	19.98	24.9	12.95	12.39
Asset Turnover Ratio	1.8	1.67	1.78	1.78	1.59	1.37	1.16	1.48	1.2	1.1
PAT to CFO Conversion(x)	7.26	3.36	2.01	0	2.49	1.71	0.89	0.25	1.19	3.34
Working Capital Days
Receivable Days	69	61	62	71	76	83	80	64	79	74
Inventory Days	19	31	29	26	32	37	36	31	38	31
Payable Days	46	63	75	74	93	136	146	104	117	116

Laxmi Organic Industries Ltd Stock News

Laxmi Organic Industries Ltd FAQs

What is the share price of Laxmi Organic Inds.?

Company share prices are keep on changing according to the market conditions. The closing price of Laxmi Organic Inds. on 18-Nov-2024 16:59 is ₹254.1.

What is the market cap of Laxmi Organic Inds.?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Nov-2024 16:59 the market cap of Laxmi Organic Inds. stood at ₹7,029.1.

What is the P/E ratio of Laxmi Organic Inds.?

The latest P/E ratio of Laxmi Organic Inds. as of 18-Nov-2024 16:59 is 38.63.

What is the P/B ratio of Laxmi Organic Inds.?

The latest P/B ratio of Laxmi Organic Inds. as of 18-Nov-2024 16:59 is 3.66.

What is the 52-week high and low of Laxmi Organic Inds.?

The 52-week high of Laxmi Organic Inds. is ₹325.5 and the 52-week low is ₹220.0.

What is the TTM revenue of Laxmi Organic Inds.?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Laxmi Organic Inds. is ₹2,959 ( Cr.) .

About Laxmi Organic Industries Ltd

Laxmi Organic Industries is a leading manufacturer of Acetyl Intermediates and Specialty Intermediates with almost three decades of experience in large scale manufacturing of chemicals. Since its inception in 1989, it has been on a journey of transformation. It initially started manufacturing acetaldehyde and acetic acid in 1992, and soon thereafter moved on to manufacturing of ethyl acetate in 1996. It is currently among the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market. Further, post completion of the Yellowstone Chemicals (YCPL) Acquisition, its market share in the ethyl acetate market will be further enhanced. In Fiscal 2010, the company commenced manufacturing the Specialty Intermediates by acquiring Clariant’s diketene business.

The company’s products are currently divided into two broad categories, namely the Acetyl Intermediates and the Specialty Intermediates. The Acetyl Intermediates include ethyl acetate, acetaldehyde, fuel-grade ethanol and other proprietary solvents, while the Specialty Intermediates comprises of ketene, diketene derivatives namely esters, acetic anhydride, amides, arylides and other chemicals. Its products find application in various high-growth industries, including pharmaceuticals, agrochemicals, dyes & pigments, inks & coatings, paints, printing & packaging, flavours & fragrances, adhesives and other industrial applications. It also proposes to diversify into manufacturing of specialty fluorochemicals to which end, it has recently acquired assets including plant & machinery, design and operating paperwork, REACH registrations and patents of Miteni, a manufacturer of organic fluorospecialties and electrochemical fluorination. The company currently have two manufacturing facilities in Mahad, Maharashtra, with one facility dedicated to Acetyl Intermediates and another dedicated to Specialty Intermediates, which are strategically located in proximity to several ports and each other.

Business area of the company

The company is a specialty chemical manufacturer that operates in 2 business segments; Acetyl Intermediates (AI) and Specialty Intermediates (SI).

Major events and milestones of company:

1992: Commission of the AI Manufacturing Facility at Raigad for manufacturing of glacial acetic acid.
1996: Commenced production of ethyl acetate.
2004: Installation of two windmills at Chitradurga district, Karnataka with capacities of 0.6 MW each.
2004: Receipt of ISO 9001-2000 certifications for manufacture and marketing of ethyl acetate, acetic acid and absolute alcohol.
2006: Installation of windmill at Ghatnandre, Sangli, Maharashtra with capacity of 1.25 MW.
2008: Expansion of ethyl acetate manufacturing capacity at the AI Manufacturing Facility to 51,000 MT.
2008: Setting up of distillery at Jarandeshwar.
2010: Acquisition of Clariant’s ketene/diketene business and expansion into diketene and diketene derivatives products by commissioning of the SI Manufacturing Facility.
2010: Receipt of ISO 14001:2009 and OHSAS 18001:2007 certifications for manufacturing and marketing of ethyl acetate, acetic acid and its derivatives, acetaldehyde and absolute alcohol.
2011: Increase from 8,900 MT to 13,380 MT in the capacity of diketene and diketene derivatives and expansion of ethyl acetate capacity to 120,750 MT.
2011: Setting up of DSIR approved R&D centre at company’s SI Manufacturing Facility.
2012: Investment by the International Finance Corporation in company.
2013: Incorporation of company’s Subsidiary, Laxmi Organic (Europe) B.V., in Netherlands, Europe.
2013: Incorporation of company’s Subsidiary, Laxmi Petrochem Middle East FZE in Sharjah.
2018: Commissioning of company’s hydro-electric power project at Yedgaon.
2019: Receipt of DSIR registration for the Rabale Innovation Centre.
2020: Acquisition of assets from Miteni by VLPL.
2021: Investment in Cleanwin Energy One LLP, which is engaged in the business of generation of renewable energy to acquire 26% stake, and execution of a power purchase agreement in connection therewith.

Awards, accreditations or recognitions:

2018: The company won the Maharashtra Safety Awards - 2018 for Meritorious Performance in Industrial Safety During the Year 2017 in Chemicals & Fertilizers, granted by the National Safety Council – Maharashtra Chapter.
2020: The company won the ICC Award 2019 for Excellence in Energy Conservation and Management, granted by the Indian Chemical Council.
2020: The company won the 21st National Award for Excellence in Energy Management 2020 for Energy Efficient Unit, granted by the Confederation of Indian Industry for the manufacturing Unit 2 in Mahad.