Laxmipati Engineering Works Ltd
Laxmipati Engineering Works Limited (Formerly known as L. P. Naval & Engineering Limited) is engaged in the Business of Fabrication, Heavy Engineering, Engineering Infrastructure and services and Shut down maintenance projects. The company was incorporated in 2012 as a Ship Building company and has build itself as a reliable partner Manufacturing, Engineering Services, Repair and Upgrade.[1]
- Market Cap ₹ 44.6 Cr.
- Current Price ₹ 77.6
- High / Low ₹ 77.6 / 28.8
- Stock P/E 57.2
- Book Value ₹ 3.60
- Dividend Yield 0.00 %
- ROCE 12.4 %
- ROE 60.0 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 52.6 to 28.8 days.
- Company's working capital requirements have reduced from 110 days to 71.5 days
Cons
- Stock is trading at 21.6 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -34.2% over last 3 years.
* 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: Ship Building Industry: Miscellaneous
Half Yearly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1.19 | 2.00 | 2.97 | 2.77 | 2.25 | 1.05 | 11.29 | 20.85 | 18.75 | 27.99 | 15.21 | 40.32 | |
1.06 | 1.62 | 1.90 | 2.09 | 1.89 | 1.75 | 9.29 | 17.61 | 23.37 | 23.82 | 15.52 | 34.31 | |
Operating Profit | 0.13 | 0.38 | 1.07 | 0.68 | 0.36 | -0.70 | 2.00 | 3.24 | -4.62 | 4.17 | -0.31 | 6.01 |
OPM % | 10.92% | 19.00% | 36.03% | 24.55% | 16.00% | -66.67% | 17.71% | 15.54% | -24.64% | 14.90% | -2.04% | 14.91% |
0.01 | 0.00 | 0.00 | 0.00 | 0.00 | -0.08 | 0.00 | 0.02 | -0.08 | 0.04 | 0.06 | 0.00 | |
Interest | 0.02 | 0.16 | 0.14 | 0.11 | 0.16 | 0.19 | 0.45 | 0.78 | 1.61 | 2.82 | 3.09 | 3.85 |
Depreciation | 0.04 | 0.08 | 0.14 | 0.13 | 0.13 | 0.15 | 0.31 | 0.39 | 0.46 | 0.91 | 1.10 | 1.18 |
Profit before tax | 0.08 | 0.14 | 0.79 | 0.44 | 0.07 | -1.12 | 1.24 | 2.09 | -6.77 | 0.48 | -4.44 | 0.98 |
Tax % | 75.00% | 42.86% | 26.58% | 31.82% | 28.57% | 0.89% | 18.55% | 19.14% | -1.48% | 52.08% | 6.53% | 21.43% |
0.03 | 0.08 | 0.58 | 0.30 | 0.05 | -1.13 | 1.01 | 1.70 | -6.67 | 0.23 | -4.73 | 0.78 | |
EPS in Rs | 0.25 | 0.14 | 1.01 | 0.52 | 0.09 | -1.96 | 1.76 | 2.96 | -11.60 | 0.40 | -8.22 | 1.36 |
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: | 35% |
5 Years: | 29% |
3 Years: | 29% |
TTM: | 165% |
Compounded Profit Growth | |
---|---|
10 Years: | 26% |
5 Years: | -5% |
3 Years: | 28% |
TTM: | 116% |
Stock Price CAGR | |
---|---|
10 Years: | 8% |
5 Years: | % |
3 Years: | 30% |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | -9% |
5 Years: | -27% |
3 Years: | -34% |
Last Year: | 60% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1.21 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 |
Reserves | 1.83 | 4.22 | 4.80 | 5.10 | 5.15 | 4.01 | 5.02 | 6.72 | 0.05 | 0.27 | -4.45 | -3.68 |
10.20 | 4.54 | 3.54 | 4.08 | 4.38 | 7.53 | 11.69 | 12.58 | 24.55 | 30.73 | 37.69 | 40.11 | |
0.30 | 0.25 | 0.51 | 0.59 | 0.33 | 0.64 | 2.20 | 2.85 | 5.28 | 3.65 | 4.69 | 3.99 | |
Total Liabilities | 13.54 | 14.76 | 14.60 | 15.52 | 15.61 | 17.93 | 24.66 | 27.90 | 35.63 | 40.40 | 43.68 | 46.17 |
1.47 | 12.27 | 12.14 | 12.22 | 12.15 | 13.82 | 15.35 | 15.56 | 17.41 | 25.14 | 29.84 | 30.23 | |
CWIP | 0.43 | 1.41 | 1.48 | 1.52 | 1.59 | 1.59 | 1.59 | 3.51 | 6.82 | 6.75 | 1.59 | 1.59 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
11.64 | 1.08 | 0.98 | 1.78 | 1.87 | 2.52 | 7.72 | 8.83 | 11.40 | 8.51 | 12.25 | 14.35 | |
Total Assets | 13.54 | 14.76 | 14.60 | 15.52 | 15.61 | 17.93 | 24.66 | 27.90 | 35.63 | 40.40 | 43.68 | 46.17 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.03 | 0.31 | 0.76 | -0.34 | 0.06 | -0.95 | -1.71 | 2.36 | -4.76 | 4.92 | -3.38 | 3.02 | |
-12.92 | -0.88 | -0.07 | -0.26 | -0.11 | -1.83 | -1.86 | -2.55 | -5.62 | -8.56 | -0.63 | -1.57 | |
12.89 | 1.02 | -1.12 | 0.55 | 0.09 | 3.07 | 3.77 | 0.12 | 10.35 | 3.37 | 3.86 | -1.42 | |
Net Cash Flow | 0.00 | 0.45 | -0.43 | -0.04 | 0.04 | 0.28 | 0.20 | -0.07 | -0.03 | -0.27 | -0.15 | 0.03 |
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 | 153.36 | 31.02 | 68.82 | 150.22 | 188.18 | 330.24 | 190.42 | 113.96 | 127.70 | 52.68 | 76.31 | |
Inventory Days | 165.91 | 84.23 | 547.50 | 1,668.57 | 202.48 | 278.68 | 509.65 | 202.93 | 1,074.57 | |||
Days Payable | 33.18 | 56.15 | 628.61 | 1,042.86 | 301.06 | 328.01 | 515.06 | 147.52 | 363.64 | |||
Cash Conversion Cycle | 286.09 | 59.10 | 68.82 | 69.11 | 188.18 | 955.95 | 91.84 | 64.64 | 122.29 | 108.09 | 787.24 | |
Working Capital Days | 30.67 | 23.72 | 29.49 | 147.58 | 227.11 | 570.10 | 171.35 | 105.04 | 121.08 | 69.77 | 189.58 | |
ROCE % | 1.50% | 2.16% | 6.50% | 3.79% | 1.52% | -5.22% | 8.50% | 12.04% | -18.34% | 9.84% | -3.56% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
16 Jul - In accordance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2024, based on the Certificate received from …
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Appointment Of Internal Auditor For The Term Of 5 Years
28 May - The company has in its Board Meeting held on 28th May, 2024 appointed M/s. R Kejriwal & Co., Chartered Accounts, as Internal Auditor for the …
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Appointment Of Secretarial Auditor For The Term Of 5 Years
28 May - The company has in its Board Meeting held on 28th May, 2024 appointed Mr. Ranjit Binod Kejriwal, Practicing Company Secretary, as Secretarial Auditor for the …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - In compliance of Regulation 24A of SEBI (LODR) Regulations, 2015 with SEBI Circular No. CIR/CFD/CMD1/24/2019 dated February 8, 2019: Please find attached the Annual Secretarial …
- Standalone Audited Financial Results For The Half Year And Year Ended On March 31, 2024 28 May
Business[1]
Laxmipati Engineering Works Limited generates its major revenue by providing manpower and fabricating service to Engineering sector.