Laxmipati Engineering Works Ltd

Laxmipati Engg Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Laxmipati Engineering Works Ltd

₹ 77.6 5.00%
10 Jul 2024
laxmipatiengineering.com BSE - SME: 537669
About

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]

Key Points

Business[1]
Laxmipati Engineering Works Limited generates its major revenue by providing manpower and fabricating service to Engineering sector.

Website BSE
  • 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
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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

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Half Yearly Results

Figures in Rs. Crores

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024
9.31 10.08 10.78 6.40 12.35 14.70 13.32 4.89 10.37 17.48 22.84
7.76 9.02 8.58 6.58 16.80 14.27 9.54 5.98 9.53 14.92 19.41
Operating Profit 1.55 1.06 2.20 -0.18 -4.45 0.43 3.78 -1.09 0.84 2.56 3.43
OPM % 16.65% 10.52% 20.41% -2.81% -36.03% 2.93% 28.38% -22.29% 8.10% 14.65% 15.02%
0.00 0.00 0.00 0.00 -0.08 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.22 0.24 0.54 0.60 1.01 1.48 1.34 1.56 1.53 1.78 2.06
Depreciation 0.18 0.19 0.20 0.20 0.26 0.43 0.47 0.58 0.52 0.59 0.59
Profit before tax 1.15 0.63 1.46 -0.98 -5.80 -1.48 1.97 -3.23 -1.21 0.19 0.78
Tax % 16.52% 25.40% 16.44% 4.08% -2.41% 5.41% 9.14% 4.64% 10.74% 36.84% 16.67%
0.96 0.47 1.23 -1.02 -5.65 -1.56 1.79 -3.38 -1.34 0.12 0.65
EPS in Rs 1.67 0.82 2.14 -1.77 -9.82 -2.71 3.11 -5.88 -2.33 0.21 1.13
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
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%

Shareholding Pattern

Numbers in percentages

Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
72.46% 72.46% 72.46% 72.46% 72.46% 72.46% 72.46% 72.46% 72.46% 72.46% 72.46% 72.46%
27.54% 27.54% 27.54% 27.54% 27.54% 27.54% 27.54% 27.54% 27.54% 27.53% 27.54% 27.54%
No. of Shareholders 888887858685838078788287

Documents

Announcements

Annual reports

Concalls

  • Jun 2023
    Transcript
    Notes
    PPT
  • Dec 2021
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    Notes
    PPT
  • Jul 2021
    Transcript
    Notes
    PPT
  • Dec 2020
    Transcript
    Notes
    PPT
  • Jun 2020
    Transcript
    Notes
    PPT
  • Dec 2019
    Transcript
    Notes
    PPT
  • Jul 2019
    Transcript
    Notes
    PPT