Laxmi Goldorna House Ltd
Incorporated in 2010, Laxmi Goldorna House Ltd is in the business of real estate development and manufacture & sale of jewelries[1]
- Market Cap ₹ 610 Cr.
- Current Price ₹ 292
- High / Low ₹ 397 / 34.0
- Stock P/E 64.2
- Book Value ₹ 21.8
- Dividend Yield 0.00 %
- ROCE 21.4 %
- ROE 24.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 70.0% CAGR over last 5 years
Cons
- Stock is trading at 13.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 9.87% over last 3 years.
- Debtor days have increased from 23.8 to 64.0 days.
* 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: Realty Industry: Construction
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2011 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
28 | 50 | 51 | 47 | 51 | 70 | 73 | 80 | 77 | 60 | 61 | 202 | |
28 | 49 | 50 | 46 | 51 | 68 | 71 | 78 | 74 | 58 | 58 | 185 | |
Operating Profit | 0 | 1 | 1 | 0 | 0 | 2 | 3 | 2 | 2 | 2 | 3 | 17 |
OPM % | 0% | 2% | 2% | 1% | 1% | 2% | 4% | 2% | 3% | 3% | 5% | 9% |
0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Interest | 0 | 1 | 1 | 0 | 0 | 1 | 2 | 2 | 2 | 2 | 2 | 4 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 13 |
Tax % | 40% | 40% | 29% | 33% | 44% | 25% | 26% | 31% | 29% | 29% | 29% | 27% |
0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 9 | |
EPS in Rs | 0.72 | 1.35 | 0.75 | 0.90 | 8.73 | 0.29 | 0.44 | 0.07 | 0.06 | 0.06 | 0.19 | 4.54 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 22% |
3 Years: | 38% |
TTM: | 232% |
Compounded Profit Growth | |
---|---|
10 Years: | 59% |
5 Years: | 70% |
3 Years: | 330% |
TTM: | 2278% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 169% |
1 Year: | 803% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 7% |
3 Years: | 10% |
Last Year: | 25% |
Balance Sheet
Figures in Rs. Crores
Mar 2011 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0 | 1 | 1 | 1 | 1 | 15 | 15 | 15 | 21 | 21 | 21 | 21 |
Reserves | 2 | 3 | 3 | 3 | 4 | 7 | 7 | 8 | 10 | 11 | 11 | 25 |
2 | 6 | 8 | 3 | 5 | 16 | 16 | 22 | 14 | 34 | 32 | 53 | |
0 | 0 | 0 | 1 | 1 | 0 | 0 | 2 | 12 | 46 | 79 | 10 | |
Total Liabilities | 4 | 10 | 12 | 8 | 10 | 39 | 39 | 47 | 58 | 112 | 142 | 108 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 15 |
4 | 10 | 12 | 8 | 10 | 39 | 39 | 47 | 58 | 110 | 139 | 92 | |
Total Assets | 4 | 10 | 12 | 8 | 10 | 39 | 39 | 47 | 58 | 112 | 142 | 108 |
Cash Flows
Figures in Rs. Crores
Mar 2011 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3 | -5 | -2 | -15 | 5 | -9 | |||||||
0 | -0 | -0 | -2 | -1 | -8 | |||||||
-3 | 5 | 3 | 18 | -5 | 17 | |||||||
Net Cash Flow | -0 | 0 | 0 | 1 | -1 | 0 |
Ratios
Figures in Rs. Crores
Mar 2011 | 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 | 5 | 8 | 2 | 0 | 38 | 30 | 30 | 14 | 4 | 3 | 64 |
Inventory Days | 68 | 77 | 59 | 60 | 161 | 166 | 183 | 265 | 786 | 1,042 | 107 | |
Days Payable | 0 | 0 | 8 | 0 | 0 | 0 | 5 | 0 | 0 | 0 | 10 | |
Cash Conversion Cycle | 0 | 73 | 85 | 53 | 60 | 199 | 197 | 208 | 278 | 790 | 1,046 | 161 |
Working Capital Days | 50 | 71 | 83 | 51 | 64 | 195 | 188 | 204 | 215 | 380 | 360 | 162 |
ROCE % | 2% | 7% | 5% | 17% | 7% | 7% | 5% | 5% | 3% | 4% | 21% |
Documents
Announcements
-
Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
4 November 2023 - LAXMI GOLDORNA HOUSE LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
-
Outcome of Board Meeting
4 November 2023 - Laxmi Goldorna House Limited has informed regarding Outcome of Board Meeting held on November 04, 2023.
-
Appointment
4 November 2023 - Laxmi Goldorna House Limited has informed regarding Appointment of Mr Smit Rakeshbhai Shah as Non- Executive Independent Director of the company w.e.f. November 04, 2023.
-
Related Party Transactions
30 October 2023 - Laxmi Goldorna House Limited has informed about related Party Transactions disclosure is not applicable to the Company
-
Resignation of Independent director
30 October 2023 - LAXMI GOLDORNA HOUSE LIMITED has informed about Resignation of Independent director.
Business Overview:[1][2]
Company is a Real Estate builder and property developer which offers a wide range of commercial & residential properties in Ahmedabad. Company is also engaged in manufacturing and trading business of branded gold Jewelry and ornaments. It does processing, wholesale and retail trading of all types of jewelry items. Its manufactured products include gold jewelry with or without studded precious and semi-precious stones