Dhanlaxmi Cotex Ltd

₹ 109 0.00%

21 Nov - close price

About

Incorporated in Dhanlaxmi Cotex Ltd is in the business of investment and trading
in Securities^[1]

Key Points

Business Overview:^[1]
Company is promoted by Dhanlaxmi Group which has experience in textiles & investments. It has its own weaving unit, yarn dyeing & a process house. Group used to lend money to companies as intercorporate deposits, bills
discounting, promoters funding & equity investments in primary & secondary markets. It diversified into stock broking and acquired membership of BSE & NSE

Website BSE

Market Cap ₹ 53.2 Cr.
Current Price ₹ 109
High / Low ₹ 156 / 51.6
Stock P/E 10.3
Book Value ₹ 181
Dividend Yield 0.00 %
ROCE 5.78 %
ROE 4.84 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is trading at 0.60 times its book value
Company has delivered good profit growth of 51.3% CAGR over last 5 years

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 4.34% over last 3 years.
Earnings include an other income of Rs.3.78 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	6.41	2.85	3.79	4.50	10.58	4.25	4.36	6.43	12.56	3.66	3.75	4.21	7.24
	5.71	3.39	4.29	4.38	10.58	4.46	5.46	5.36	12.40	3.20	4.23	3.55	5.58
Operating Profit	0.70	-0.54	-0.50	0.12	0.00	-0.21	-1.10	1.07	0.16	0.46	-0.48	0.66	1.66
OPM %	10.92%	-18.95%	-13.19%	2.67%	0.00%	-4.94%	-25.23%	16.64%	1.27%	12.57%	-12.80%	15.68%	22.93%
	0.98	0.83	0.39	0.29	0.52	0.15	0.69	0.48	0.99	0.76	0.09	0.95	1.98
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.01	0.01	0.02	0.02	0.03	0.03	0.03	0.03	0.03	0.02	0.01	0.01	0.03
Profit before tax	1.67	0.28	-0.13	0.39	0.49	-0.09	-0.44	1.52	1.12	1.20	-0.40	1.60	3.61
Tax %	7.78%	-75.00%	-15.38%	20.51%	20.41%	11.11%	4.55%	16.45%	18.75%	23.33%	0.00%	16.25%	8.03%
	1.54	0.48	-0.11	0.30	0.39	-0.09	-0.46	1.27	0.92	0.92	-0.40	1.33	3.32
EPS in Rs	3.16	0.99	-0.23	0.62	0.80	-0.18	-0.94	2.61	1.89	1.89	-0.82	2.73	6.82
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	48.04	36.56	32.18	24.50	14.70	30.18	5.85	9.88	6.88	22.24	25.32	28.72	18.86
	46.40	34.61	30.48	24.98	13.85	30.36	5.43	6.23	6.45	18.33	24.84	25.13	16.56
Operating Profit	1.64	1.95	1.70	-0.48	0.85	-0.18	0.42	3.65	0.43	3.91	0.48	3.59	2.30
OPM %	3.41%	5.33%	5.28%	-1.96%	5.78%	-0.60%	7.18%	36.94%	6.25%	17.58%	1.90%	12.50%	12.20%
	0.17	0.00	0.00	0.89	0.00	1.62	0.05	0.00	-0.13	0.00	-0.01	-0.05	3.78
Interest	0.00	0.00	0.00	0.18	0.43	0.37	0.05	0.00	0.02	0.00	0.01	0.01	0.00
Depreciation	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.11	0.09	0.07
Profit before tax	1.80	1.95	1.70	0.23	0.42	1.07	0.42	3.65	0.28	3.87	0.35	3.44	6.01
Tax %	18.33%	18.97%	22.94%	8.70%	11.90%	15.89%	11.90%	9.86%	0.00%	14.21%	34.29%	16.28%
	1.48	1.57	1.31	0.21	0.37	0.89	0.37	3.29	0.28	3.31	0.24	2.89	5.17
EPS in Rs	3.04	3.22	2.69	0.43	0.76	1.83	0.76	6.75	0.57	6.79	0.49	5.93	10.62
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-2%
5 Years:	37%
3 Years:	61%
TTM:	-32%

Compounded Profit Growth
10 Years:	6%
5 Years:	51%
3 Years:	90%
TTM:	215%

Stock Price CAGR
10 Years:	%
5 Years:	41%
3 Years:	38%
1 Year:	103%

Return on Equity
10 Years:	4%
5 Years:	5%
3 Years:	4%
Last Year:	5%

Balance Sheet

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	4.87	4.87	4.87	4.87	4.87	4.87	4.87	4.87	4.87	4.87	4.87	4.87	4.87
Reserves	22.88	24.46	25.76	25.97	30.27	31.40	31.24	17.44	30.98	41.38	44.51	66.78	83.07
	4.97	5.45	0.00	0.00	0.00	0.00	0.00	0.25	0.00	0.00	0.00	0.00	0.00
	0.24	0.10	0.08	0.08	0.08	0.35	0.08	0.16	0.07	0.27	0.75	0.15	0.03
Total Liabilities	32.96	34.88	30.71	30.92	35.22	36.62	36.19	22.72	35.92	46.52	50.13	71.80	87.97
	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.78	0.73	0.21	0.67
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	6.48	6.01	6.53	5.97	12.63	16.16	17.39	9.95	12.58	15.58	16.48	37.80	46.70
	26.47	28.86	24.18	24.95	22.59	20.46	18.80	12.77	23.34	30.16	32.92	33.79	40.60
Total Assets	32.96	34.88	30.71	30.92	35.22	36.62	36.19	22.72	35.92	46.52	50.13	71.80	87.97

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-2.69	-3.01	-2.28	-4.13	6.71	-5.62	0.72	-9.21	-3.11	-6.13	-3.68	13.99
	2.07	3.61	2.28	4.11	-1.70	-0.29	-0.81	8.75	4.84	6.22	4.23	-15.76
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.02	0.00	0.00	0.00
Net Cash Flow	-0.62	0.60	0.00	-0.01	5.00	-5.91	-0.09	-0.45	1.71	0.10	0.56	-1.77

Ratios

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	2.20	64.39	70.21	14.90	24.58	3.02	8.11	0.00	0.00	0.00	6.92	10.42
Inventory Days	102.01	52.81	122.72	304.04	401.01	178.98	1,426.23	444.04	960.91	546.09	471.69	428.56
Days Payable	1.28	0.00	0.00	0.00	0.00	2.68	0.00	0.72	0.00	5.63	11.07	2.05
Cash Conversion Cycle	102.93	117.21	192.93	318.94	425.59	179.32	1,434.34	443.32	960.91	540.46	467.54	436.94
Working Capital Days	169.05	246.00	243.64	313.90	392.31	233.42	1,113.72	224.98	806.40	413.74	425.83	409.86
ROCE %	4.96%	5.78%	5.20%	1.33%	2.58%	4.03%	1.30%	12.44%	1.61%	9.43%	0.77%	5.78%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	65.57%	65.57%	65.57%	65.57%	65.57%	68.37%	68.37%	68.37%	68.37%	68.58%	68.58%	68.58%
	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%
	34.33%	34.33%	34.33%	34.33%	34.33%	31.53%	31.53%	31.53%	31.53%	31.32%	31.32%	31.31%
No. of Shareholders	1,737	1,819	1,918	1,848	1,834	1,844	1,834	1,819	1,839	1,855	1,845	1,842

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	52.88%	57.87%	62.80%	65.57%	65.57%	65.57%	68.37%	68.58%	68.58%
	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%
	47.02%	42.03%	37.10%	34.33%	34.33%	34.33%	31.53%	31.32%	31.31%
No. of Shareholders	1,773	1,765	1,768	1,542	1,546	1,819	1,844	1,855	1,842

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Dhanlaxmi Cotex Ltd

Dhanlaxmi Cotex Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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