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Laxmi Organic Industries Ltd share Price Today

Company details

248.35
254.80
221.80
320.95
6M Return -6.19%
1Y Return -2.48%
Mkt Cap.(Cr) 6,877.98
Volume 731,999
Div Yield 0.24%
OI
-
OI Chg %
-
Volume 731,999

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Specialty Chemicals firm Laxmi Organic Industries declares Q4FY22 result:

  • FY22 Standalone Operating Revenue of Rs 29,965 Mn.
  • Q4 FY22 Standalone Operating Revenue of Rs 9,062 Mn.
  • FY22 Profit After Tax at Rs 2,311 Mn; Q4 FY22 Profit After Tax at Rs 410 Mn
  • Standalone Financial Highlights for the Year Ended March 31 st, 2022:
    • Operating Revenues at Rs 29,965 Mn in FY22 as compared to Rs 16,061 Mn in FY21; a growth of 87% YoY  
    • EBITDA at Rs 3,194 Mn in FY22 as compared to Rs 2,025 Mn in FY21; a growth of 58% YoY  
    • EBITDA Margins stood at 11% in FY22, as compared to 13% in FY21
    • Profit After Tax at Rs 2,311 Mn in FY22 as compared to Rs 1,226 Mn in FY21; a growth of 89% YoY  
    • EPS for FY22 was 8.77 as compared to 5.40 in FY21
  • Standalone Financial Highlights for Quarter Ended March 31st, 2022:
    • Operating Revenues at Rs 9,062 Mn in Q4FY22 as compared to Rs 4,674 Mn in Q4FY21; a growth of 94% YoY and growth of 4% QoQ
    • EBITDA at Rs 568 Mn in Q4 FY22 as compared to Rs 556 Mn in Q4 FY21; a growth of 2% YoY, de-growth of 44% QoQ
    • EBITDA margin stood at 6% in Q4 FY22 and contracted by 564 bps YoY and by 539 bps QoQ
    • Profit After Tax at Rs 410 Mn in Q4 FY22 as compared to Rs 312 Mn in Q4 FY21; a growth of 31% YoY   and contraction of 49% QoQ
    • EPS for Q4FY22 was 1.56 as compared to 1.34 in Q4FY21
  • Consolidated Financial Highlights for Year Ended March 31st, 2022:
    • Operating Revenues at Rs 30,842 Mn in FY22 as compared to Rs 17,684 Mn in FY21; a growth of 74% YoY  
    • EBITDA at Rs 3,677 Mn in FY22 as compared to Rs 2,167 Mn in FY21; a growth of 70% YoY  
    • EBITDA Margins stood at 12% in FY22, in line with same period last year
    • Profit After Tax at Rs 2,565 Mn in FY22 as compared to Rs 1,271 Mn in FY21; a growth of 102% YoY  
    • EPS for FY22 was 9.72 as compared to 5.58 in FY21
  • Consolidated Financial Highlights for Quarter Ended March 31st, 2022:
    • Operating Revenues at Rs 8,799 Mn in Q4FY22 as compared to Rs 5,195 Mn in Q4FY21; a growth of 69% YoY and of 2% QoQ
    • EBITDA at Rs 730 Mn in Q4FY22 as compared to Rs 655 Mn in Q4FY21; a growth of 11% YoY and a de-growth of 39% QoQ
    • EBITDA Margins stood at 8% in Q4FY22; contracted by 431 bps YoY and by 551 bps QoQ
    • Profit After Tax at Rs 575 Mn in Q4FY22 as compared to Rs 364 Mn in Q4FY21; a growth of 58% YoY and a de-growth of 30% QoQ
    • EPS for Q4FY22 was 2.30 as compared to 1.56 in Q4FY21

Commenting on the strong financial performance Mr. Ravi Goenka, Chairman & Managing Director, said, “I am happy to share that FY 22 has been a strong year despite the headwinds that we faced on many fronts. We recorded a strong performance in both our business segments – Acetyl Intermediates (AI) and Specialty Intermediates (SI), despite the Mahad plant being shut for 50 days between July and August 2021 on account of floods. This was also compounded by high volatility in raw material costs along with logistical challenges. However, our results this year highlight the true merits and strength of our business.

Our performance this quarter was largely driven by our SI business, which performed strongly on both fronts - volume and product mix. The volumes in this quarter which mirrored what we did in the last quarter saw a richer product mix. We made an entry into US which is a new market that opened for this in this quarter. Our SI revenue grew by 74% on annual basis and 5% on a sequential basis from Q3FY22. On the AI front, this quarter, while our volumes remain strong, margins were impacted due to price corrections. Our pricing in Europe for the AI segment remained robust, and it is expected to remain so in the near future as well. AI revenue grew by 98% in FY22 from FY21, and on a quarterly basis by around 1% from Q3FY22. I am happy to share that we have successfully brought into stream part of our SI Capex, the commercial production of which has started in Q1FY23, and the rest shall begin by Q3FY23. Our FI Capex, which is being undertaken in a phased manner, remains on track and is expected to be completed by Q3FY23.

Going forward, we will continue to drive operational efficiencies and maintain our leadership position in AI, through enhanced capacities and periodic debottlenecking. For our SI segment, we are confident that new capacities will further improve our product mix, while we focus on increasing the share of contractual sales and expand geographical presence. The opportunity in our FI segment is robust, we are preparing for a phased growth beginning with agrochemicals and progressing to pharmaceuticals and industrials later. The strategy of creating a strong foundation has worked for us in our SI segment, and we are confident that we can replicate that success in our FI area as well.”

Result PDF

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Laxmi Organic Industries Ltd shares SWOT Analysis

Strengths (8)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt
  • Increasing Revenue every quarter for the past 2 quarters

Weakness (7)

  • Negative profit growth, promoters decreasing shareholding QoQ
  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years

Opportunity (0)

Data not found

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 253.4
R2 257.3
R3 259.8
Pivot

250.85

S1 246.9
S2 244.4
S3 240.5
EMA SMA
248.5
249.0
254.3
262.4
246.1
244.4
256.4
267.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-10-11 298.71 2153222 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-10-11 298.95 2153222 NSE
GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO Bulk Purchase 2021-09-16 598.15 1995234 BSE
Name Category Shares
Yellowstone Trust PROMOTER 64.07%
Manisha Ravi Goenka PROMOTER 3.22%
Ravi Vasudeo Goenka PROMOTER 0.66%
Brady Investments Private Limited PROMOTER 1.7%

FINANCIALS

Sales
Operating Profit
Profit after Tax
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Reserves and Surplus
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Laxmi Organic Industries Ltd Stocks COMPARISON

Financials( in Cr) Laxmi Organic Industries Ltd Pidilite Industries Ltd Linde India Ltd SRF Ltd Gujarat Fluorochemicals Ltd
Price 249.40 3,019.90 8,704.25 2,309.90 3,206.05
% Change -1.05 1.61 -4.47 0.91 -0.71
Mcap Cr 6,877.98 153,594.83 74,233.33 68,471.21 35,218.46
Revenue TTM Cr 2,796.64 11,799.10 3,135.52 14,870.25 5,684.66
Net Profit TTM Cr 124.61 1,288.87 538.06 2,162.34 1,323.05
PE TTM 57.11 86.21 173.69 51.22 80.99
1 Year Return -2.48 19.52 117.67 -5.71 -2.85
ROCE 11.54 24.24 16.29 21.98 29.38
ROE 9.22 18.93 14.70 22.89 27.07
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,411.78 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 35,090.66 -22,978.04
LAST 3M 106,793.94 -34,010.07
LAST 6M 169,541.16 45,373.47
LAST 12M 268,709.66 125,819.23
Laxmi Organic Industries Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 27, 2024 l NSE Announcement

Laxmi Organic Industries Limited - Outcome of Board Meeting

May 23, 2024 l NSE Announcement

Board of Laxmi Organic Industries recommends final dividend

May 22, 2024 l BSE Announcement

Date Action Type Ratio
Jul 21, 2023 Dividend 25
Jul 18, 2022 Dividend 35

Laxmi Organic Industries Ltd Information

Stock PE (TTM)
57.11
Promoter Holding
69.72%
Book Value
65.1832
ROCE
11.54%
ROE
9.22%
Description
  • Laxmi Organic Industries Limited is a company that manufactured chemicals and has a market capitalization of Rs 8,957.94 crore on 13th August 2021. At the end of March 2021, it registered Annual revenue of Rs 1,768.45 crores. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 543277 and scrip code LXCHEM. As of 13th August 2021, Laxmi Organic Industries Ltd is trading at Rs. 339.75.

    Laxmi Organic was incorporated on 15th May 1989. The company started manufacturing glacial acetic acid at the Raigad location in 1992, and after that, in 1996, and the company added ethyl acetate to its product portfolio. To further strengthen its product portfolio, the company has made multiple acquisitions. In 2010, It entered into Speciality Intermediate business through Clariant’s diketene business in Ethyl acetate. In addition, the company has acquired Yellowstone Chemical (Ethyl acetate manufacturing company).

    AN ISO 45001:2018; ISO 9001:2015; ISO 14001: 2015 certified company, got listed in the National Stock Exchange of India Limited and B.S.E. Limited. Company Got USDA certified biobased product label for ethyl acetate. With a 30% market share in the manufacturing of ethyl acetate, since 2018, the company has been the largest exporter of ethyl acetate. In Mahad, Maharashtra, the company has two manufacturing plants, one dedicated to Acetyl Intermediates (A.I.) and the other dedicated to Speciality Intermediates (S.I.). It has expanded its scale of operations, and global footprint covers customers in over 30 countries, including Argentina, Armenia, Austria, Belgium, China, Cyprus, the Czech Republic, France, Germany, Italy, the Netherlands, Portugal, Romania, Russia, Singapore, Spain, Sweden, the U.A.E., the U.K., and the U.S.

    The company has two distilleries in Satara, Maharashtra for the manufacturing of ethanol or specially denatured spirit. The Jarandeshwar Distillery had an installed production capacity of 8,100 KLPA and the Panchganga Distillery had an installed production capacity of 9,112 KLPA.

No Data Found

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 543277
NSE Code : LXCHEM
Book Closure Date (Month) :
BSE Group : A
ISIN : INE576O01020

FAQ’s on Laxmi Organic Industries Ltd Shares

You can buy Laxmi Organic Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Laxmi Organic Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 27, 2024 03:58 PM the closing price of Laxmi Organic Industries Ltd was Rs.249.40.

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 May 27, 2024 03:58 PM, the market cap of Laxmi Organic Industries Ltd stood at Rs. 6,877.98.

The latest PE ratio of Laxmi Organic Industries Ltd as of May 27, 2024 03:58 PM is 57.11

The latest PB ratio of Laxmi Organic Industries Ltd as of May 27, 2024 03:58 PM is 0.26

The 52-week high of Laxmi Organic Industries Ltd share price is Rs. 320.95 while the 52-week low is Rs. 221.80

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