Laxmi Goldorna House Ltd

Laxmi Goldorna House Ltd

₹ 292 3.72%
26 Jul - close price
About

Incorporated in 2010, Laxmi Goldorna House Ltd is in the business of real estate development and manufacture & sale of jewelries[1]

Key Points

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

  • 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

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Dec 2022 Mar 2023 Sep 2023 Dec 2023 Mar 2024
10.18 18.37 26.53 21.32 26.95 127.28
9.92 17.55 24.38 19.91 22.04 118.48
Operating Profit 0.26 0.82 2.15 1.41 4.91 8.80
OPM % 2.55% 4.46% 8.10% 6.61% 18.22% 6.91%
0.00 0.00 0.03 2.99 0.00 0.10
Interest 0.38 0.19 1.61 0.27 0.27 3.38
Depreciation 0.00 0.00 0.10 0.06 0.03 0.08
Profit before tax -0.12 0.63 0.47 4.07 4.61 5.44
Tax % -75.00% 0.00% 29.79% 0.00% 76.79% -0.37%
-0.03 0.63 0.34 4.07 1.07 5.45
EPS in Rs -0.02 0.30 0.16 1.95 0.51 2.61
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Apr 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Dec 2023Mar 2024Jun 2024
73.55% 73.55% 73.55% 73.55% 73.55% 71.52% 73.63% 74.97% 74.97% 74.97% 74.97%
26.46% 26.44% 26.45% 26.44% 26.45% 28.48% 26.37% 25.03% 25.03% 25.03% 25.03%
No. of Shareholders 112515462606664572549091,317

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