Past 10 year’s financial track record analysis by Moneyworks4me indicates that Lakhani India Ltd is a below average quality company.
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Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'03 | Mar'04 | Mar'05 | Mar'07 | Mar'08 | Mar'09 | Mar'10 | Mar'11 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 1.5% | 7.4% | 0% | 13.2% | 2.2% | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||
| Sales ⓘ | 0 | 0 | 0 | 40.9 | 148 | 0 | 290 | 361 | 361 |
| Sales YoY Gr. | - | NA | NA | NA | 262.8% | -100% | NA | 24.4% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | 4 | 0.9 | 0 | 2.5 | -19.9 | -19.9 |
| YoY Gr. | - | NA | NA | NA | -78.1% | -100% | NA | -904.1% | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | 45.6 | 46.4 | 0 | 50.7 | 30.9 | 10 |
| Adj Net Profit ⓘ | 0 | 0 | 0 | 5.4 | 1.2 | 0 | 3.3 | -26.7 | -27 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | 14.7 | -21.1 | 0 | 4.5 | -3.4 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 3.5 | -5.6 | 0 | 37.2 | -61.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 34.5% | 24.4% | ||||
| Adj EPS ⓘ | NA | NA | -382.6% | -904.1% | ||||
| BVPSⓘ | NA | NA | -12.7% | -39.2% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'03 | Mar'04 | Mar'05 | Mar'07 | Mar'08 | Mar'09 | Mar'10 | Mar'11 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 0 | 0 | 8.8 | 1.9 | 0 | 5.1 | -48 | -97.2 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 8 | 9.9 | 0 | 11.6 | 2.5 | NAN |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 13.2 | 0.8 | 0 | 1.2 | -7.4 | -7.4 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0.8 | 1.9 | 0 | 2.4 | 5 | - |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 290 | 0 | 248 | 276 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 150 | 0 | 132 | 147 | 0 |
Sales growth is growing at healthy rate in last 3 years 34.48%
Return on Equity is Poor
Debt to equity has increased versus last 3 years average to 4.97
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -18.5 | -19.9 |
| TTM Sales (₹ Cr.) | 343 | 361 |
| BVPS (₹.) ⓘ | 41.6 | 10 |
| Reserves (₹ Cr.) ⓘ | 42 | - |
| P/BV ⓘ | 0.84 | 3.48 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | 29.60 / 128.60 |
| Market Cap (₹ Cr.) | 46.8 |
| Equity (₹ Cr.) | 13.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 45.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'07 | Mar'08 | Mar'10 | Mar'11 |
|---|---|---|---|---|
| Sales | 40.86 | 148.23 | 289.80 | 360.51 |
| Operating Expenses ⓘ | 37.61 | 133.62 | 256.28 | 351.41 |
| Manufacturing Costs | 6.74 | 18.01 | 26.06 | 21.99 |
| Material Costs | 19.08 | 86.61 | 173.63 | 265.14 |
| Employee Cost | 7.55 | 18.79 | 36.35 | 38.25 |
| Other Costs ⓘ | 4.25 | 10.21 | 20.24 | 26.03 |
| Operating Profit ⓘ | 3.25 | 14.61 | 33.51 | 9.10 |
| Operating Profit Margin (%) | 8.0% | 9.9% | 11.6% | 2.5% |
| Other Income ⓘ | 0.25 | 0.14 | 0.88 | 3.79 |
| Interest ⓘ | 1.26 | 6.31 | 21.92 | 31.34 |
| Depreciation ⓘ | 1.83 | 3.85 | 7.03 | 7.64 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.42 | 4.59 | 5.45 | -26.08 |
| Tax ⓘ | -4.97 | 3.40 | 2.16 | 0.64 |
| Profit After Tax | 5.39 | 1.19 | 3.29 | -26.73 |
| PAT Margin (%) | 13.2% | 0.8% | 1.1% | -7.4% |
| Adjusted EPS (₹) | 4.0 | 0.9 | 2.5 | -19.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'07 | Mar'08 | Mar'10 | Mar'11 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 61.33 | 62.44 | 68.25 | 41.53 | ||||||
| Share Capital ⓘ | 13.45 | 13.45 | 13.45 | 13.45 | ||||||
| Reserves ⓘ | 47.87 | 48.99 | 54.80 | 28.07 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 51.09 | 118.78 | 165.73 | 206.30 | ||||||
| Long Term Debt | 51.09 | 118.78 | 165.73 | 206.30 | ||||||
| Short Term Debt | 0 | 0 | 0 | 0 | ||||||
| Trade Payables | 29.78 | 44.35 | 92.95 | 123.41 | ||||||
| Others Liabilities ⓘ | 6 | 11.96 | 25.71 | 32.74 | ||||||
| Total Liabilities ⓘ | 148.20 | 237.53 | 352.65 | 403.99 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 35.09 | 88.31 | 113.52 | 119.41 | ||||||
| Accumulated Depreciation | 11.57 | 15.42 | 28.14 | 35.77 | ||||||
| Net Fixed Assetsⓘ | 23.52 | 72.90 | 85.38 | 83.65 | ||||||
| CWIP ⓘ | 27.97 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0.39 | 14.79 | 17.07 | 17.04 | ||||||
| Inventories | 62.13 | 86.50 | 139.93 | 136.09 | ||||||
| Trade Receivables | 18.77 | 44 | 89.72 | 149.61 | ||||||
| Cash Equivalents | 0.72 | 1.31 | 1.82 | 1.98 | ||||||
| Others Assetsⓘ | 14.70 | 18.02 | 18.73 | 15.62 | ||||||
| Total Assets ⓘ | 148.20 | 237.53 | 352.65 | 403.99 | ||||||
| PARTICULARS | Mar'07 | Mar'08 | Mar'10 | Mar'11 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 14.73 | -21.05 | 4.46 | -3.37 |
| PBT ⓘ | 0.42 | 4.59 | 5.45 | -26.08 |
| Adjustment ⓘ | 2.90 | 10.15 | 29.25 | 38.82 |
| Changes in Working Capital ⓘ | 11.42 | -35.8 | -30.23 | -16.1 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -36.11 | -39.67 | -11.24 | -5.71 |
| Capex | -35.77 | -25.26 | -10.16 | -5.71 |
| Net Investments | 0 | 0 | -1.08 | 0 |
| Others ⓘ | -0.35 | -14.40 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 21.34 | 61.31 | 7.93 | 9.24 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 20.64 | 69.19 | 0 | 0 |
| Interest Paid ⓘ | -1.26 | -6.31 | -21.92 | -31.34 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 1.96 | -1.57 | 29.84 | 40.58 |
| Net Cash Flow ⓘ | -0.04 | 0.59 | 1.15 | 0.16 |
| PARTICULARS | Mar'07 | Mar'08 | Mar'10 | Mar'11 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.79 | 1.92 | 5.03 | -48.69 | ||||||
| ROCE (%) | 1.49 | 7.42 | 13.16 | 2.17 | ||||||
| Asset Turnover Ratio | 0.3 | 0.8 | 0.99 | 0.96 | ||||||
| PAT to CFO Conversion(x) | 2.73 | -17.69 | 1.36 | N/A | Working Capital Days | |||||
| Receivable Days | 155 | 75 | 84 | 120 | ||||||
| Inventory Days | 513 | 177 | 142 | 139 | ||||||
| Payable Days | 570 | 156 | 144 | 149 | ||||||
Lakhani India was incorporated as a private limited company on December 28, 1981. It was earlier known as Lakbros Shoes, it was converted into a public limited company with the present name on September 12, 1994. The company is part of the Lakhani Vardaan - PD Lakhani Group, which has business activities in footwear and detergents.
The company produces hawai slippers, leather and canvas footwear, and sports shoes, marketing them under brand names like Breezers, Comfort, Evalite, Hawai, Kids, Pace, Princess, and Soldier.
The manufacturing units are located at Faridabad in Haryana. Through group activities, it has a focused sales team with over 150 distributors and over 1,00,000 retailers across the country. A manufacturing partnership program is in place with global brands for both the Indian and global markets.
Export destinations include the UK, the Netherlands, France, Germany, Switzerland, and Spain. The company has been suspended from the BSE on account of non-compliance with listing agreement clauses.
The registered office is located at Plot No 131, Sector 24, Faridabad 121005, Haryana.
Business area of the company
The company is engaged in manufacturing and marketing of shoes and slippers.
Group companies
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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.
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Here is the summary:
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