Lagnam Spintex Ltd

Lagnam Spintex Ltd

₹ 145 -1.22%
03 Jul 1:33 p.m.
About

Incorporated in 2010, Lagnam Spintex Ltd manufactures cotton yarn[1]

Key Points

Business Overview:[1]
LSL is an ISO 9001:2015 certified company and manufactures 100% Cotton Ring and Open - End Yarn to cater to Denims, Terry Towels, Home Textiles, Bottom Wear, Shirting, Sheeting and Knitting Segments, in the count range of Ne 4 - Ne 30.

  • Market Cap 256 Cr.
  • Current Price 145
  • High / Low 163 / 54.2
  • Stock P/E 17.6
  • Book Value 61.7
  • Dividend Yield 0.00 %
  • ROCE 9.43 %
  • ROE 14.3 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 25.0% CAGR over last 5 years
  • Company's median sales growth is 16.3% of last 10 years

Cons

  • Company might be capitalizing the interest cost
  • Promoters have pledged 48.2% of their holding.

* 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: Textiles Industry: Textiles - Products

Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
72.93 74.72 81.34 90.95 101.44 79.23 62.93 72.13 90.37 71.72 92.55 123.58 149.65
58.67 61.64 68.52 73.28 86.59 66.24 57.52 67.17 82.94 64.54 85.96 112.13 129.79
Operating Profit 14.26 13.08 12.82 17.67 14.85 12.99 5.41 4.96 7.43 7.18 6.59 11.45 19.86
OPM % 19.55% 17.51% 15.76% 19.43% 14.64% 16.40% 8.60% 6.88% 8.22% 10.01% 7.12% 9.27% 13.27%
0.06 0.00 0.08 0.22 0.22 0.03 0.13 0.04 0.04 0.03 0.03 0.06 0.17
Interest 3.17 2.75 2.52 2.83 2.78 2.47 2.49 2.64 3.38 3.49 2.95 2.58 6.25
Depreciation 1.93 1.89 1.89 1.91 1.84 1.88 1.79 1.84 1.82 1.80 1.87 2.13 3.48
Profit before tax 9.22 8.44 8.49 13.15 10.45 8.67 1.26 0.52 2.27 1.92 1.80 6.80 10.30
Tax % 32.97% 27.37% 27.09% 28.52% 32.44% 28.26% -29.37% 25.00% 33.04% 29.17% 28.33% 31.91% 29.13%
6.19 6.13 6.20 9.40 7.06 6.21 1.64 0.39 1.52 1.36 1.29 4.62 7.30
EPS in Rs 3.50 3.47 3.51 5.32 4.00 3.51 0.93 0.22 0.86 0.77 0.73 2.61 4.13
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
36 42 49 56 75 84 80 176 205 348 305 438
35 36 43 48 64 73 69 161 179 290 274 392
Operating Profit 2 6 6 9 11 11 11 16 26 58 31 45
OPM % 5% 14% 13% 15% 15% 13% 14% 9% 13% 17% 10% 10%
0 0 -0 0 0 1 0 0 0 1 0 0
Interest 0 3 3 4 3 3 3 9 12 11 11 15
Depreciation 1 1 1 2 3 3 3 6 8 8 7 9
Profit before tax 0 2 2 3 6 6 6 1 7 41 13 21
Tax % 0% 18% 31% 25% 33% 18% 26% -87% 35% 29% 23% 30%
0 1 1 2 4 5 5 1 4 29 10 15
EPS in Rs 2.87 7.89 5.94 11.53 18.01 4.04 2.71 0.63 2.53 16.30 5.52 8.25
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 20% 6% 0% 6%
Compounded Sales Growth
10 Years: 26%
5 Years: 40%
3 Years: 29%
TTM: 44%
Compounded Profit Growth
10 Years: 26%
5 Years: 25%
3 Years: 48%
TTM: 49%
Stock Price CAGR
10 Years: %
5 Years: 61%
3 Years: 76%
1 Year: 158%
Return on Equity
10 Years: 16%
5 Years: 16%
3 Years: 20%
Last Year: 14%

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 2 2 2 2 2 12 18 18 18 18 18 18
Reserves 8 10 12 14 18 15 36 37 41 68 77 91
27 27 37 48 45 49 122 163 168 164 184 378
1 2 2 6 6 9 14 25 22 31 33 47
Total Liabilities 38 41 53 70 72 84 189 242 249 280 311 533
27 25 35 51 48 52 50 158 149 144 137 354
CWIP 0 2 2 0 0 1 83 0 0 0 25 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
11 14 16 19 23 31 56 83 99 135 148 180
Total Assets 38 41 53 70 72 84 189 242 249 280 311 533

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 6 5 -4 -7 6 23 13 22
0 -16 -6 -82 -31 0 -2 -25 -200
0 9 2 92 32 -6 -17 8 179
Net Cash Flow 0 -0 0 7 -6 -0 4 -4 0

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 50 51 50 60 44 38 88 55 62 42 34 44
Inventory Days 61 51 59 51 52 82 86 112 104 90 138 98
Days Payable 8 7 3 6 5 14 27 32 13 2 7 5
Cash Conversion Cycle 103 96 105 105 91 105 147 136 153 130 165 137
Working Capital Days 89 77 84 95 84 97 165 114 123 116 145 132
ROCE % 1% 12% 11% 12% 14% 12% 7% 5% 8% 22% 9%

Shareholding Pattern

Numbers in percentages

Mar 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
66.63% 67.36% 67.36% 67.36% 67.36% 67.36% 68.50% 68.50% 68.50% 68.50% 68.50% 68.50%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04%
33.37% 32.64% 32.64% 32.65% 32.65% 32.64% 31.50% 31.50% 31.50% 31.50% 31.50% 31.46%
No. of Shareholders 5565561,8736,0026,6277,0807,3077,5786,7506,0495,5685,917

* 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.

Click on the line-items to see the names of individual entities.

Documents