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Lippi Systems Ltd (526604)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526604 NSE: Engineering | Small Cap | Lippi Systems Share Price

₹132.48 6.30 (4.99%)

As on 10-Jun'26 16:59

Lippi Systems Ltd (526604)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526604 NSE: Engineering | Small Cap | Lippi Systems Share Price

₹132.48 6.30 (4.99%)

As on 10-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹88 Cr.
Current Price
₹132.5
52-Week Low / High
₹20 / 126
TTM EPS
₹5.4
TTM Sales
₹0 Cr.
Book Value per Share
₹35.6
P/E Ratio
23.41
Industry PE
65.7
Price to Book (P/B)
3.55
Higher than its 5-year historical median
Price to Sales (P/S)
0.00
EV/EBITDA
15.68
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-3.45%
Underperforms industry median
Return on Capital Employed (ROCE)
-4.97%
Underperforms industry median
Return on Assets (ROA)
-3.23%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
51.68%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹18 Cr.
Equity
₹7 Cr.
Face Value
₹10
All Time Low / High
₹0.35 / 120.18

Lippi Systems stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Lippi Systems Ltd a good quality company?
Lippi Systems Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Lippi Systems Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Lippi Systems Ltd vs industry peers?
Lippi Systems Ltd revenue CAGR is -100.00%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Lippi Systems Ltd?
Promoters hold 51.68% of the Lippi Systems Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Lippi Systems Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 17.2% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Lippi Systems Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 7.1%10.8%7.4%6.2%4%0.6%6%-9.1%-5.1%-5%-
Value Creation
Index
-0.5-0.2-0.5-0.6-0.7-1.0-0.6-1.7-1.4-1.4-

Growth Parameters

Sales 14.915.716.11613.913.110.60000
Sales YoY Gr.-5.6%2.1%-0.7%-12.7%-6%-19.1%-100%NANA-
Adj EPS 0.82.11.41.20.3-0.6-2.1-2.3-1.2-15.4
YoY Gr.-172.7%-34.8%-13.9%-78%-334.6%NANANANA-
BVPS (₹) 28.931.63334.134.433.834.832.531.330.235.6
Adj Net
Profit
0.51.510.80.2-0.4-1.5-1.6-0.9-0.74
Cash Flow from Ops. 5.14.74.51.21.42.5-1.1-0.3-1.42.1-
Debt/CF from Ops. 2.73.42.15.64.42.6-0.4-0.5-0.60-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -100%-100%-100%NA
Adj EPS -203.4%-232%NANA
BVPS0.5%-2.6%-4.6%-3.4%
Share Price 26.2% 56.8% 102.3% 465.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2.76.94.33.50.8-1.8-6.2-6.9-3.9-3.416.4
Op. Profit
Mgn %
18.725.918.514.99.56.1-9.7000NAN
Net Profit
Mgn %
3.69.465.21.3-3.3-14.1000INF
Debt to
Equity
0.70.70.40.30.30.300000
Working Cap
Days
4404484874564995356670000
Cash Conv.
Cycle
1691461411331731741150000

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales14.8915.7316.0615.9513.9213.0910.59000
Operating Expenses + 12.1211.6513.1013.5812.6012.2911.611.951.090.80
Manufacturing Costs3.873.593.943.593.342.792.140.190.170
Material Costs4.293.924.444.723.824.524.07000
Employee Cost 1.952.142.322.792.992.822.520.530.400.34
Other Costs 2.012.012.402.482.452.172.881.220.520.46
Operating Profit 2.774.072.962.371.310.80-1.02-1.95-1.09-0.80
Operating Profit Margin (%) 18.6%25.9%18.4%14.9%9.4%6.1%-9.7%---
Other Income + 0.701.261.141.061.300.823.970.640.790.54
Exceptional Items 0000000000
Interest 1.531.350.961.060.990.680.4500.010
Depreciation 1.141.461.491.491.401.451.300.870.860.83
Profit Before Tax 0.802.521.640.880.22-0.511.19-2.18-1.16-1.09
Tax 0.270.850.680.050.04-0.090.36-0.56-0.30-0.35
Profit After Tax 0.531.660.960.830.18-0.420.84-1.62-0.86-0.74
PAT Margin (%) 3.6%10.6%6.0%5.2%1.3%-3.2%7.9%---
Adjusted EPS (₹)0.82.41.41.20.3-0.61.2-2.3-1.2-1.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Lippi Systems - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 20.2322.1323.0923.8924.0523.6624.3422.7321.8721.13
Share Capital 7777777777
Reserves 13.2315.1316.0916.8917.0516.6617.3415.7314.8714.13
Debt +11.7013.618.146.375.805.770.450.170.810.03
Long Term Debt6.559.233.981.410.901.500000
Short Term Debt5.154.394.164.964.904.270.450.170.810.03
Minority Interest0000000000
Trade Payables0.480.652.181.090.620.720.300.080.070.04
Others Liabilities 4.295.645.383.843.503.522.271.621.200.80
Total Liabilities 36.6942.0338.8035.1933.9733.6627.3624.5923.9522

Fixed Assets

Net Fixed Assets +17.1417.3216.8315.3414.9413.738.207.436.575.66
Gross Block39.8938.8342.4641.7342.5942.8317.3717.3417.2617.06
Accumulated Depreciation22.7621.5125.6326.3927.6529.109.179.9110.7011.41
CWIP 0000000000
Investments 0.250.250.250.250.2700000
Inventories1.482.232.111.741.851.740000
Trade Receivables5.795.945.985.755.794.551.400.470.560.59
Cash Equivalents 0.461.031.390.120.200.150.270.100.071.93
Others Assets 11.5715.2612.2311.9910.9213.4917.5016.5916.7613.83
Total Assets 36.6942.0338.8035.1933.9733.6627.3624.5923.9522

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 5.144.664.451.221.432.52-1.05-0.32-1.402.09
PBT 0.802.521.640.880.22-0.511.19-2.18-1.16-1.09
Adjustment 2.562.702.322.251.671.55-2.280.500.140.36
Changes in Working Capital 1.92-0.240.95-1.55-0.311.60.011.37-0.392.82
Tax Paid -0.14-0.31-0.46-0.35-0.16-0.120.03-00.010
Cash Flow From Investing Activity + -5.97-5.261.831.53-0.10-1.816.980.430.720.55
Capex -6.08-1.65-1.020.20-1.01-0.247.56-0.100.020.06
Net Investments 0.24-0.52-0.411.27-0.100.320.07-0-0-0
Others -0.13-3.093.260.051-1.89-0.660.540.710.49
Cash Flow From Financing Activity + 0.870.64-6.33-2.76-1.34-0.71-5.73-0.280.64-0.78
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 3.752.68-5.25-2.56-0.510.60-1.50000
Interest Paid -1.46-1.27-0.86-0.99-0.77-0.68-0.41-0-00
Dividend Paid 0000000000
Others -1.43-0.77-0.220.79-0.06-0.63-3.82-0.280.64-0.78
Net Cash Flow 0.040.05-0.05-0.01-0.02-0.010.19-0.17-0.041.86

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)2.667.844.273.520.76-1.783.49-6.86-3.85-3.45
ROCE (%)7.110.817.446.163.960.575.99-9.11-5.05-4.97
Asset Turnover Ratio0.460.440.410.430.40.390.35000
PAT to CFO Conversion(x)9.72.814.641.477.94N/A-1.25N/AN/AN/A
Working Capital Days
Receivable Days145.70124.40132.60134.20151.40144.20102.50000
Inventory Days38.2039.4048.3044.1047.1050.100000
Payable Days40.2052.50116.30126.5081.6054.1045.90000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Lippi Systems Ltd FAQs

The current trading price of Lippi Systems on 10-Jun-2026 16:59 is ₹132.5.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Jun-2026 the market cap of Lippi Systems stood at ₹88.33 Cr

The latest P/E ratio of Lippi Systems as of 09-Jun-2026 is 23.41.

The latest P/B ratio of Lippi Systems as of 09-Jun-2026 is 3.55.

The 52-week high of Lippi Systems is ₹126.2 and the 52-week low is ₹19.90.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Lippi Systems is ₹0.00 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Lippi Systems Ltd is a below average quality company.

The key valuation ratios of Lippi Systems Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Lippi Systems Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Lippi Systems Ltd

Lippi Systems has been perfecting the art and science of perfect pictures and exploring the language of digital engraving since 1995. Their state-of-the-art infrastructure comprises of copper plating plant, polishing machines, digital engraving machines, chrome plating machines and proofing presses-all connected all in a seamless loop of quality.

A customer-centric team of over 110 professionals and marketing offices with pre-press setups in all metros of India, Lippi systems has evolved as a leader in electronically engraved cylinders for Roto Gravure printing.

German Technology, Swiss Perfection, English Enterprising Spirit and Indian Inventiveness-Lippi is about a unique communion; about printing perfect pictures; and about a passion for  ‘on time – every time' deliverables.

Lippi has to its credit the first Cylinder Finishing Machine(CFM), imported in India from Kaspar Walter, Germany in the year 1995. Further, highly advanced and sophisticated machine of MDC Daetwyler – Polishmaster makes it possible for it to provide the best surface quality of copper which is very essential for cylinder engraving. 

Lippi is true combination of German technology, Swiss perfection, English enterprising spirit with a blend of Indian inventiveness.

Product manufactured by the company:

Gravure cylinders for flexible packaging, decorative packaging applications.

It can manufacture cylinders having circumference, 300mm to 1300mm and length ranging from 300mm to 2200mm. Both hollow and shafted.

The gravure cylinders of the company are widely used in following industries:

  • Rotogravure Printing
  • Anilox Rollers for flexo
  • Adhesive Coating
  • Decorative printing
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