Laffans Petrochemicals Ltd

₹ 67.9 11.79%

22 Nov - close price

About

Incorporated in 1994, Laffans Petrochemicals Limited is presently engaged in the business of trading in chemicals and API and in commodities arbitrage.

Key Points

Business Overview:^[1]
Company was engaged in manufacturing of petrochemicals products. In 2011, company sold its manufacturing unit, thereafter operating in the business of trading in specialty chemicals on whole sale basis through its various distributors.

Website BSE

Market Cap ₹ 54.3 Cr.
Current Price ₹ 67.9
High / Low ₹ 76.0 / 36.0
Stock P/E 8.83
Book Value ₹ 85.3
Dividend Yield 0.00 %
ROCE 1.74 %
ROE 1.13 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.80 times its book value

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of 9.96% over past five years.
Company has a low return on equity of -2.71% over last 3 years.
Earnings include an other income of Rs.12.3 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: Trading Industry: Trading

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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
	4.28	7.47	2.64	11.52	2.00	2.42	0.73	0.00	0.91	3.24	1.91	1.20	4.58
	4.56	7.78	7.61	12.05	2.77	2.92	1.10	0.69	1.49	3.96	3.63	1.86	5.45
Operating Profit	-0.28	-0.31	-4.97	-0.53	-0.77	-0.50	-0.37	-0.69	-0.58	-0.72	-1.72	-0.66	-0.87
OPM %	-6.54%	-4.15%	-188.26%	-4.60%	-38.50%	-20.66%	-50.68%		-63.74%	-22.22%	-90.05%	-55.00%	-19.00%
	1.01	0.30	1.95	-0.93	1.57	1.43	2.01	2.86	1.89	3.29	0.04	6.43	2.57
Interest	0.03	0.04	0.02	0.03	0.03	0.01	0.02	0.02	0.02	0.01	0.01	0.03	0.03
Depreciation	0.12	0.12	0.12	0.11	0.11	0.13	0.12	0.13	0.13	0.13	0.13	0.16	0.16
Profit before tax	0.58	-0.17	-3.16	-1.60	0.66	0.79	1.50	2.02	1.16	2.43	-1.82	5.58	1.51
Tax %	25.86%	-252.94%	-3.48%	-6.88%	71.21%	-13.92%	21.33%	-0.50%	22.41%	10.29%	38.46%	3.94%	25.83%
	0.43	0.26	-3.05	-1.50	0.18	0.91	1.18	2.03	0.91	2.18	-2.51	5.36	1.12
EPS in Rs	0.54	0.32	-3.81	-1.88	0.22	1.14	1.48	2.54	1.14	2.72	-3.14	6.70	1.40
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
	5.72	43.97	0.65	0.41	1.98	1.57	3.77	12.18	16.80	21.94	16.66	6.06	10.93
	7.15	48.59	3.36	3.11	4.98	4.09	6.01	18.02	18.02	27.78	18.82	9.78	14.90
Operating Profit	-1.43	-4.62	-2.71	-2.70	-3.00	-2.52	-2.24	-5.84	-1.22	-5.84	-2.16	-3.72	-3.97
OPM %	-25.00%	-10.51%	-416.92%	-658.54%	-151.52%	-160.51%	-59.42%	-47.95%	-7.26%	-26.62%	-12.97%	-61.39%	-36.32%
	10.08	3.93	2.83	3.04	6.59	3.24	1.56	2.33	7.41	4.36	4.10	8.08	12.33
Interest	0.01	0.01	0.00	0.00	0.06	0.03	0.07	0.07	0.12	0.13	0.10	0.06	0.08
Depreciation	0.09	0.09	0.12	0.14	0.14	0.19	0.34	0.37	0.45	0.47	0.47	0.51	0.58
Profit before tax	8.55	-0.79	0.00	0.20	3.39	0.50	-1.09	-3.95	5.62	-2.08	1.37	3.79	7.70
Tax %	15.79%	-55.70%		5.00%	-1.47%	-36.00%	-22.02%	0.00%	40.57%	-15.87%	41.61%	31.40%
	7.20	-0.35	-0.04	0.19	3.44	0.68	-0.85	-3.96	3.33	-1.75	0.79	2.60	6.15
EPS in Rs	9.00	-0.44	-0.05	0.24	4.30	0.85	-1.06	-4.95	4.16	-2.19	0.99	3.25	7.68
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:	-18%
5 Years:	10%
3 Years:	-29%
TTM:	169%

Compounded Profit Growth
10 Years:	8%
5 Years:	21%
3 Years:	-34%
TTM:	22%

Stock Price CAGR
10 Years:	22%
5 Years:	40%
3 Years:	18%
1 Year:	54%

Return on Equity
10 Years:	-2%
5 Years:	-2%
3 Years:	-3%
Last Year:	1%

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	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00
Reserves	45.98	45.63	45.60	45.79	52.78	53.46	52.60	48.64	51.98	50.22	51.02	53.62	60.27
	0.00	0.00	0.00	0.00	0.00	0.45	0.00	0.00	0.00	0.00	0.55	0.38	0.25
	1.55	1.74	1.42	1.65	1.54	1.78	1.43	4.08	8.13	4.11	2.52	3.61	7.66
Total Liabilities	55.53	55.37	55.02	55.44	62.32	63.69	62.03	60.72	68.11	62.33	62.09	65.61	76.18
	1.37	1.31	1.38	1.26	1.21	1.77	8.02	7.78	7.44	7.04	7.42	6.96	11.93
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	44.62	40.11	40.74	41.89	53.06	51.63	44.22	42.72	48.56	50.96	51.24	50.20	58.57
	9.54	13.95	12.90	12.29	8.05	10.29	9.79	10.22	12.11	4.33	3.43	8.45	5.68
Total Assets	55.53	55.37	55.02	55.44	62.32	63.69	62.03	60.72	68.11	62.33	62.09	65.61	76.18

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
	-7.20	-6.22	-1.15	-1.07	-2.69	-1.60	6.49	-0.43	-0.51	-0.71	0.51	-1.79
	0.37	8.28	1.45	1.32	0.39	1.17	-5.92	0.53	0.12	0.56	-0.29	0.97
	0.00	0.00	0.00	0.00	-0.06	0.42	-0.51	-0.08	0.12	0.13	0.58	-0.01
Net Cash Flow	-6.83	2.06	0.29	0.25	-2.36	-0.01	0.05	0.03	-0.27	-0.02	0.81	-0.83

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	1.28	37.77	1,948.54	2,287.93	210.15	211.56	23.24	85.71	113.41	41.42	0.00	0.00
Inventory Days	274.12	2.14	0.00	0.00	0.00	0.00	90.50	0.00	0.00	0.00	0.00	60.12
Days Payable	11.73	2.48					20.11					2.43
Cash Conversion Cycle	263.67	37.43	1,948.54	2,287.93	210.15	211.56	93.62	85.71	113.41	41.42	0.00	57.70
Working Capital Days	144.85	27.48	1,285.92	1,014.88	-20.28	239.46	27.11	4.50	-11.51	-4.66	-32.64	45.78
ROCE %	-1.63%	-8.51%	-4.22%	-3.93%	2.72%	-0.59%	-2.14%	-7.56%	7.03%	-10.71%	2.04%	1.74%

Shareholding Pattern

Numbers in percentages

3 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	55.09%	55.34%	55.37%	58.30%	58.82%	59.14%	59.79%	59.87%	60.35%	57.85%	57.85%	57.85%
	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%
	44.78%	44.53%	44.50%	41.58%	41.06%	40.72%	40.09%	40.00%	39.53%	42.04%	42.02%	42.03%
No. of Shareholders	4,002	3,906	4,019	3,984	3,906	3,838	3,812	3,814	3,860	4,712	4,709	4,746

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	48.90%	48.93%	53.92%	54.14%	54.72%	55.34%	59.14%	57.85%	57.85%
	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%
	50.97%	50.94%	45.95%	45.73%	45.15%	44.53%	40.72%	42.04%	42.03%
No. of Shareholders	4,224	4,063	3,950	3,875	3,931	3,906	3,838	4,712	4,746

* 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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Laffans Petrochemicals Ltd

Laffans Petrochemicals Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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