Laxmi Organic Industries Ltd
LXCHEMLaxmi Organic Industries Ltd
LXCHEM
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 52.23 | 3.89 | 0.24% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 30.03 | 3.41 | 1.36% |
Forecast & Ratings
Detailed Forecast from 2 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Laxmi Organic Industries is specialty chemical manufacturer offering acetyl intermediates and specialty intermediates.
Investor Presentation
View olderPeers
Compare with peersGujarat Fluorochemicals Ltd
Vinati Organics Ltd
Navin Fluorine International Ltd
Akzo Nobel India Ltd
Clean Science and Technology Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1,048.36 | 1,077.77 | 1,376.93 | 1,574.10 | 1,564.28 | 1,773.06 | 3,099.06 | 2,808.70 | 2,893.24 | 3,007.65 | ||||||||||
Raw Materials | 766.35 | 736.86 | 977.12 | 1,138.02 | 1,062.12 | 1,174.51 | 2,198.96 | 1,832.59 | 1,910.17 | 2,687.63 | ||||||||||
| Power & Fuel Cost | 67.25 | 69.87 | 85.57 | 100.36 | 101.90 | 100.47 | 179.69 | 257.19 | 235.17 | |||||||||||
| Employee Cost | 25.18 | 43.82 | 41.02 | 53.92 | 63.51 | 80.12 | 108.83 | 102.33 | 126.31 | |||||||||||
| Selling & Administrative Expenses | 66.20 | 67.63 | 65.11 | 80.47 | 75.38 | 95.79 | 157.41 | 179.27 | 157.94 | |||||||||||
| Operating & Other expenses | 41.15 | 38.59 | 51.54 | 40.76 | 114.65 | 98.23 | 68.18 | 177.13 | 176.91 | |||||||||||
EBITDA | 82.23 | 121.00 | 156.57 | 160.57 | 146.72 | 223.94 | 385.99 | 260.19 | 286.74 | 320.02 | ||||||||||
| Depreciation/Amortization | 29.10 | 27.97 | 31.29 | 44.06 | 48.89 | 46.52 | 48.18 | 72.41 | 106.59 | 111.41 | ||||||||||
| PBIT | 53.13 | 93.03 | 125.28 | 116.51 | 97.83 | 177.42 | 337.81 | 187.78 | 180.15 | 208.61 | ||||||||||
| Interest & Other Items | 18.80 | 10.96 | 11.97 | 18.93 | 17.04 | 19.01 | 18.95 | 14.87 | 9.35 | 10.85 | ||||||||||
| PBT | 34.33 | 82.07 | 113.31 | 97.58 | 80.79 | 158.41 | 318.86 | 172.91 | 170.80 | 197.76 | ||||||||||
| Taxes & Other Items | 7.76 | 10.51 | 37.62 | 25.20 | 10.70 | 31.37 | 61.52 | 48.34 | 50.26 | 63.84 | ||||||||||
| Net Income | 26.57 | 71.56 | 75.69 | 72.38 | 70.09 | 127.04 | 257.34 | 124.57 | 120.54 | 133.92 | ||||||||||
| EPS | 1.06 | 2.86 | 1.01 | 0.58 | 0.95 | 5.20 | 9.76 | 4.71 | 4.46 | 4.86 | ||||||||||
| DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.35 | 0.50 | 0.70 | 0.50 | 0.60 | 0.60 | ||||||||||
| Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.37 | 0.10 | 0.07 | 0.11 | 0.13 | 0.12 |
Company Updates
Peers & Comparison
MaterialsSpecialty Chemicals
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Laxmi Organic Industries Ltd | 58.03 | 3.89 | 0.24% |
| Gujarat Fluorochemicals Ltd | 109.20 | 8.00 | 0.07% |
| Vinati Organics Ltd | 56.47 | 7.41 | 0.40% |
| Navin Fluorine International Ltd | 63.57 | 7.22 | 0.43% |
Price Comparison
Compare LXCHEM with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Decreased Total Retail Holding
In last 3 months, retail holding in the company has decreased by 1.72%
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Laxmi Organic Industries Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
ICICI Prudential Multicap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.8764% | Percentage of the fund’s portfolio invested in the stock 0.43% | Change in the portfolio weight of the stock over the last 3 months -0.05% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 101/153 (-6) |
Quant Commodities Fund - Direct Plan - Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6504% | Percentage of the fund’s portfolio invested in the stock 10.08% | Change in the portfolio weight of the stock over the last 3 months 0.77% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 3/27 (-1) |
quant Manufacturing Fund - Growth Option - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6468% | Percentage of the fund’s portfolio invested in the stock 4.44% | Change in the portfolio weight of the stock over the last 3 months -0.30% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 7/38 (-1) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Trend In Dividends
LXCHEM has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 0.24%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.37 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 19, 2024
Dividend/Share
₹0.60
Ex DateEx Date
Jul 19, 2024
Cash Dividend
Ex DateEx DateJul 21, 2023
Dividend/Share
₹0.50
Ex DateEx Date
Jul 21, 2023
Cash Dividend
Ex DateEx DateJul 18, 2022
Dividend/Share
₹0.70
Ex DateEx Date
Jul 18, 2022
Cash Dividend
Ex DateEx DateJul 14, 2021
Dividend/Share
₹0.50
Ex DateEx Date
Jul 14, 2021
CRISIL Ratings stated that the rating reflects LOIL's healthy business risk profile backed by strong market position across two verticals, essentials and specialty chemicals, diversified end user industries base resulting in low customer concentration risk and its healthy financial risk profile. These strengths are partially offset by susceptibility to fluctuations in input prices and exposure to risk pertaining to timely execution of the large capital expenditure (capex) being undertaken. LOIL's financial risk profile continues to remain healthy, supported by comfortable capital structure and debt protection metrics. The agency further said that a significant increase in scale of operations leading to increase in operating margins and ROCE over 20% on sustained basis; and sustenance of strong financial risk profile, robust debt metrics and healthy liquidity could lead to a rating upgrade. However, sluggish revenue growth and decline in operating margin below 8-9% on a sustained basis; sizeable additional debt-funded capex or acquisitions or stretched working capital cycle materially impacting the debt metrics; and significant delay in commissioning new projects resulting in major cost overrun could lead to a rating downgrade. Laxmi Organic Industries commenced manufacturing acetic acid at Mahad, Maharashtra, in 1991. It has diversified into other products and now primarily manufactures ethyl acetate, acetic acid and diketene derivative products (DDP). The scrip fell 1.05% to currently trade at Rs 249.95 on the BSE. Powered by Capital Market - Live
Laxmi Organic Industries announced that CRISIL has assigned its 'CRISIL AA/Stable' rating to the Company's bank facilities and 'CRISIL A1+' rating to its commercial paper programme. Powered by Capital Market - Live
Laxmi Organic Industries has allotted 3,42,201 equity shares under ESOP on 13 December 2024. After allotment of aforesaid equity shares, the share capital of the Company stands increased from Rs 55,33,63,224 to Rs 55,40,47,626.Powered by Capital Market - Live
Net profit of Laxmi Organic Industries rose 162.28% to Rs 28.09 crore in the quarter ended September 2024 as against Rs 10.71 crore during the previous quarter ended September 2023. Sales rose 18.24% to Rs 771.25 crore in the quarter ended September 2024 as against Rs 652.27 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales771.25652.27 18 OPM %9.685.97 - PBDT73.7045.08 63 PBT46.2517.53 164 NP28.0910.71 162 Powered by Capital Market - Live
Laxmi Organic Industries will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live
Triveni Turbine Ltd, Chemplast Sanmar Ltd, Abbott India Ltd, DCM Shriram Ltd are among the other stocks to see a surge in volumes on NSE today, 08 August 2024.Laxmi Organic Industries Ltd notched up volume of 127.03 lakh shares by 14:14 IST on NSE, a 10.54 fold spurt over two-week average daily volume of 12.05 lakh shares. The stock rose 5.14% to Rs.269.95. Volumes stood at 10.99 lakh shares in the last session.Triveni Turbine Ltd saw volume of 87.25 lakh shares by 14:14 IST on NSE, a 7.84 fold spurt over two-week average daily volume of 11.13 lakh shares. The stock increased 5.87% to Rs.676.00. Volumes stood at 31.67 lakh shares in the last session.Chemplast Sanmar Ltd notched up volume of 23.98 lakh shares by 14:14 IST on NSE, a 6.36 fold spurt over two-week average daily volume of 3.77 lakh shares. The stock slipped 5.61% to Rs.530.30. Volumes stood at 8.51 lakh shares in the last session.Abbott India Ltd saw volume of 71683 shares by 14:14 IST on NSE, a 5.89 fold spurt over two-week average daily volume of 12160 shares. The stock dropped 3.16% to Rs.27,247.65. Volumes stood at 16507 shares in the last session.DCM Shriram Ltd saw volume of 8.59 lakh shares by 14:14 IST on NSE, a 5.84 fold spurt over two-week average daily volume of 1.47 lakh shares. The stock increased 5.24% to Rs.1,148.45. Volumes stood at 3.65 lakh shares in the last session.Powered by Capital Market - Live
Spandana Sphoorty Financial Ltd leads losers in ‘A’ group
Laxmi Organic drops as PAT slides 10% YoY in Q1 FY25
Revenue from operations stood at Rs 718.17 crore in Q1 FY25, down 1.52% from Rs 729.22 crore recorded in the corresponding quarter last year. Profit before tax declined 3.14% year on year to Rs 53.98 crore in the quarter ended 30 June 2024. 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. Powered by Capital Market - Live
Laxmi Organic Industries consolidated net profit declines 10.38% in the June 2024 quarter
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 12.95%, vs industry avg of 6.15%
Increasing Market Share
Over the last 5 years, market share increased from 2.85% to 3.41%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 10.74%, vs industry avg of -1.28%