Laxmi Cotspin Ltd

Laxmi Cotspin Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Laxmi Cotspin Ltd

₹ 23.7 0.04%
12 Mar 9:49 a.m.
Company website NSE: LAXMICOT
About

Incorporated in 2005, Laxmi Cotspin Ltd
is in the business of cotton processing[1]

Key Points

Business Overview:[1]
Company is a Government of India Recognized Star Export House. It is a manufacturer of yarn with existing Ring spinning & open end unit to cater to the yarn markets in Maharashtra and Gujarat. Company's business is spread among home textiles, weaving sector, Denim Manufactures and hosiery manufacturers through open end yarn and ring spun yarn. It manufactures premium quality 100% cotton combed and carded hosiery/ warp conventional, organic and BCI yarn in count range of 10s Ne to 40s Ne for the purpose of exporting to Asian and European countries

Website NSE
  • Market Cap ₹ 40.7 Cr.
  • Current Price ₹ 23.7
  • High / Low ₹ 42.4 / 20.4
  • Stock P/E 204
  • Book Value ₹ 32.3
  • Dividend Yield 0.00 %
  • ROCE 3.66 %
  • ROE 1.05 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Stock is trading at 0.73 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -4.06% over past five years.
  • Company has a low return on equity of -0.02% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.6.69 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: Textiles Industry: Textiles - Cotton/Blended

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
45.10 55.58 40.21 33.34 28.37 41.37 44.66 31.49 31.08 36.79 30.41 56.40 41.15
42.03 53.29 38.91 32.21 33.82 41.32 45.77 31.55 32.15 33.21 32.32 58.98 39.66
Operating Profit 3.07 2.29 1.30 1.13 -5.45 0.05 -1.11 -0.06 -1.07 3.58 -1.91 -2.58 1.49
OPM % 6.81% 4.12% 3.23% 3.39% -19.21% 0.12% -2.49% -0.19% -3.44% 9.73% -6.28% -4.57% 3.62%
0.42 0.02 0.76 0.33 0.40 -0.06 0.05 -0.82 0.32 5.05 0.20 0.34 1.10
Interest 0.79 0.36 0.83 0.69 -0.20 0.71 0.85 0.92 0.61 0.83 1.04 0.96 1.44
Depreciation 0.79 0.73 0.84 0.80 0.80 0.81 0.80 0.80 0.79 0.64 0.79 0.78 0.81
Profit before tax 1.91 1.22 0.39 -0.03 -5.65 -1.53 -2.71 -2.60 -2.15 7.16 -3.54 -3.98 0.34
Tax % 25.13% 57.38% 25.64% -700.00% -1.59% -50.98% 0.00% 0.00% 0.00% -0.84% -1.41% -5.28% 20.59%
1.44 0.52 0.29 0.17 -5.57 -0.75 -2.71 -2.61 -2.15 7.23 -3.49 -3.77 0.27
EPS in Rs 0.84 0.30 0.17 0.10 -3.25 -0.44 -1.58 -1.52 -1.25 4.22 -2.04 -2.20 0.16
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
102 115 105 113 115 140 177 151 116 216 143 144 165
90 102 93 101 103 127 165 147 109 204 146 143 164
Operating Profit 11 13 11 12 11 13 12 4 7 12 -3 1 1
OPM % 11% 11% 11% 11% 10% 9% 7% 3% 6% 6% -2% 1% 0%
1 1 2 0 0 1 1 2 0 2 1 5 7
Interest 4 4 4 3 2 2 3 3 3 3 2 3 4
Depreciation 4 5 6 7 6 7 6 4 3 3 3 3 3
Profit before tax 3 5 3 3 4 4 4 -1 1 8 -7 -0 -0
Tax % 35% 19% 24% -13% 29% 38% 18% -8% -4% 33% -12% -19%
2 4 2 3 3 3 4 -1 1 5 -6 -0 0
EPS in Rs 1.31 2.21 1.32 1.83 1.56 1.50 2.13 -0.51 0.64 3.18 -3.41 -0.14 0.14
Dividend Payout % 0% 23% 38% 27% 32% 33% 23% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: -4%
3 Years: 7%
TTM: 11%
Compounded Profit Growth
10 Years: -17%
5 Years: -31%
3 Years: -26%
TTM: 103%
Stock Price CAGR
10 Years: %
5 Years: 28%
3 Years: 2%
1 Year: -18%
Return on Equity
10 Years: 3%
5 Years: 0%
3 Years: 0%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 17 17 17 17 17 17 17 17 17 17 17 17 17
Reserves 15 20 21 24 26 27 30 30 31 36 31 46 38
33 33 40 28 55 55 46 48 32 45 42 50 41
6 12 8 6 8 12 16 8 11 9 8 7 10
Total Liabilities 71 82 86 76 105 111 109 103 91 108 98 120 107
34 32 34 29 42 39 35 32 27 27 24 35 34
CWIP 1 1 0 1 1 0 0 2 2 2 3 4 5
Investments 0 0 0 0 0 0 0 0 1 0 0 0 0
36 49 52 45 62 72 74 69 61 79 71 81 68
Total Assets 71 82 86 76 105 111 109 103 91 108 98 120 107

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
10 6 9 16 -5 7 12 2 17 -6 5 -8
-4 -2 -8 -3 -18 -4 -1 -3 1 -4 -2 -1
-7 -4 2 -16 22 -3 -11 2 -18 9 -3 10
Net Cash Flow 0 1 3 -3 -2 0 -0 0 -0 -0 0 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 46 71 61 67 78 99 84 80 62 15 16 10
Inventory Days 45 72 100 73 135 92 68 85 126 98 142 162
Days Payable 17 31 14 10 14 21 30 17 21 13 17 11
Cash Conversion Cycle 75 112 147 129 199 170 121 148 166 100 142 161
Working Capital Days 107 103 125 108 159 145 112 139 148 115 155 181
ROCE % 12% 13% 10% 8% 7% 6% 8% 2% 5% 12% -5% 4%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
57.40% 57.40% 57.41% 57.41% 57.41% 57.41% 57.41% 57.41% 57.18% 56.80% 58.69% 58.63%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.00%
42.60% 42.60% 42.59% 42.59% 42.59% 42.59% 42.59% 42.59% 42.83% 43.20% 41.26% 41.37%
No. of Shareholders 2,1693,5753,9233,9934,2054,2754,5815,3916,2276,3057,3747,522

* 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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