Lakshmi Finance & Industrial Corporation Ltd
Incorporated in 1980, Lakshmi Finance & Industrial Corporation (formerly known as The Andhra Bank Ltd) Ltd is an investment company registered with RBI, engaged in the business of investment in equity shares and mutual funds.[1]
- Market Cap ₹ 68.8 Cr.
- Current Price ₹ 229
- High / Low ₹ 260 / 123
- Stock P/E 5.51
- Book Value ₹ 188
- Dividend Yield 1.48 %
- ROCE 24.8 %
- ROE 20.1 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 45.5%
Cons
- Company has a low return on equity of 11.6% 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: Finance Industry: Finance & Investments
Quarterly 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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 5 | 7 | 5 | 4 | 7 | 3 | 3 | 15 | 8 | 4 | 15 | 19 | |
4 | 3 | 1 | 1 | 1 | 2 | 3 | 12 | 1 | 2 | 3 | 2 | 3 | |
Operating Profit | 0 | 1 | 5 | 3 | 3 | 5 | -0 | -10 | 14 | 6 | 0 | 13 | 16 |
OPM % | 7% | 25% | 83% | 76% | 72% | 72% | -13% | -349% | 91% | 81% | 9% | 87% | 84% |
0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 0 | 1 | 6 | 4 | 3 | 5 | -0 | -9 | 14 | 6 | 0 | 13 | 15 |
Tax % | 0% | 0% | 12% | 3% | 1% | 3% | -6,400% | -28% | 35% | 9% | -206% | 19% | |
0 | 1 | 5 | 4 | 3 | 5 | 1 | -7 | 9 | 6 | 1 | 10 | 12 | |
EPS in Rs | 1.53 | 4.50 | 16.67 | 12.10 | 10.50 | 15.40 | 2.07 | -21.97 | 30.50 | 19.03 | 1.83 | 34.60 | 41.64 |
Dividend Payout % | 78% | 40% | 18% | 29% | 33% | 26% | 0% | -9% | 10% | 16% | 109% | 12% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 38% |
3 Years: | 0% |
TTM: | 73% |
Compounded Profit Growth | |
---|---|
10 Years: | 23% |
5 Years: | 76% |
3 Years: | 4% |
TTM: | 110% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 35% |
3 Years: | 42% |
1 Year: | 68% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 9% |
3 Years: | 12% |
Last Year: | 20% |
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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Reserves | 26 | 26 | 30 | 33 | 36 | 39 | 38 | 31 | 39 | 44 | 44 | 54 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
1 | 2 | 3 | 2 | 1 | 1 | 2 | 2 | 2 | 3 | 2 | 3 | |
Total Liabilities | 30 | 31 | 36 | 38 | 40 | 44 | 43 | 36 | 45 | 50 | 49 | 60 |
0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 26 | 26 | 30 | 32 | 36 | 33 | 34 | 26 | 38 | 40 | 46 | 52 |
3 | 5 | 5 | 5 | 3 | 9 | 8 | 9 | 6 | 9 | 3 | 7 | |
Total Assets | 30 | 31 | 36 | 38 | 40 | 44 | 43 | 36 | 45 | 50 | 49 | 60 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-2 | -0 | -1 | -3 | -1 | -4 | 2 | 1 | -3 | -0 | 1 | -3 | |
3 | 3 | 2 | 3 | 0 | 9 | 0 | -0 | 3 | 6 | -4 | 8 | |
-0 | -0 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | |
Net Cash Flow | 1 | 3 | 0 | -1 | -2 | 4 | 1 | -0 | -1 | 5 | -4 | 4 |
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 | 0 | 0 | 0 | 78 | 43 | 152 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory Days | 151 | 0 | ||||||||||
Days Payable | 6 | |||||||||||
Cash Conversion Cycle | 145 | 0 | 0 | 78 | 43 | 152 | 0 | 0 | 0 | 0 | 0 | 0 |
Working Capital Days | -15 | -86 | -122 | -64 | 2 | 133 | -166 | -178 | -15 | -94 | -203 | -41 |
ROCE % | 2% | 5% | 18% | 11% | 9% | 12% | 0% | -24% | 37% | 14% | 0% | 25% |
Documents
Announcements
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Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
22 August 2024 - LAKSHMI FINANCE & INDUSTRIAL CORPORATION LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Shareholders meeting
22 August 2024 - Lakshmi Finance & Industrial Corporation Limited has informed regarding Proceedings of Annual General Meeting held on August 22, 2024
-
Copy of Newspaper Publication
12 August 2024 - Lakshmi Finance & Industrial Corporation Limited has informed about Copy of Newspaper Publication for unaudited financial results for the 1st quarter 30.06.2024
-
Outcome of Board Meeting
10 August 2024 - Lakshmi Finance & Industrial Corporation Limited has informed regarding Board meeting held on August 10, 2024.
-
Financial Result Updates
10 August 2024 - Lakshmi Finance & Industrial Corporation Limited has submitted to the Exchange, the financial results for the period ended June 30, 2024.
Business Overview:[1]
Company is a Non-Deposit Accepting Non- Banking Finance Company (NBFC) registered as an Investment Company with the Reserve Bank of India and engaged in the business of investment in Equity Shares, Mutual Funds and Other Securities.