Lakshmi Precision Screws Ltd - Stock Valuation and Financial Performance

BSE: 506079 | NSE: LAKPRE | Fasteners | Small Cap

Lakshmi Prec. Screws Share Price

4.76 0.21 4.62%
as on 28-Mar'24 16:01

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akshmi Precision Screws stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
5.2 Cr.
52-wk low:
3.4
52-wk high:
7.2

Is Lakshmi Precision Screws Ltd an attractive stock to invest in?

1. Is Lakshmi Precision Screws Ltd a good quality company?

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

2. Is Lakshmi Precision Screws Ltd undervalued or overvalued?

The key valuation ratios of Lakshmi Precision Screws Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Lakshmi Precision Screws Ltd a good buy now?

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

10 Year X-Ray of Lakshmi Prec. Screws:

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.
Lakshmi Precision Screws Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17TTM
ROCE % 8.4%7.6%7.8%9.1%9.9%8.6%-0.6%7.9%-0.4%-4.5%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 207224228310343320351374310259251
Sales YoY Gr.-8.3%1.8%35.9%10.7%-6.7%9.9%6.4%-17.1%-16.5%-
Adj EPS 5.43.24.86.98.14.6-25.20.4-25.5-38.3-30.3
YoY Gr.--40.6%50.6%43.6%17.5%-43.1%-644.1%NA-7194.4%NA-
BVPS (₹) 7475.479.886.29194.268.367.758.821.40
Adj Net
Profit
5.93.55.37.68.95.1-27.60.4-28-41.9-33
Cash Flow from Ops. -14.96.411.74319.96.327.555.676.730.2-
Debt/CF from Ops. -7.318.610.33.49.936.79.44.83.38.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.5%-5.5%-9.7%-16.5%
Adj EPS -224.4%-236.4%NANA
BVPS-12.9%-25.2%-32.1%-63.7%
Share Price -19.2% -19% 5.1% 28.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17TTM
Return on
Equity %
7.54.36.28.39.25-310.5-40.4-95.6-283.8
Op. Profit
Mgn %
14.112.915.214.816.717.87.412.75.60.50.1
Net Profit
Mgn %
2.91.62.32.52.61.6-7.80.1-9-16.2-13.2
Debt to
Equity
1.41.51.41.622.33.53.63.911.2-
Working Cap
Days
270283316265272319321330369377182
Cash Conv.
Cycle
149163181139153213235220235244-44

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -9.70%

Debt to equity has increased versus last 3 years average to 11.16

Sales growth is not so good in last 4 quarters at -7.98%

Latest Financials - Lakshmi Precision Screws Ltd.

Standalone Consolidated
TTM EPS (₹) -30.3 -36.6
TTM Sales (₹ Cr.) 251 259
BVPS (₹.) 0 0
Reserves (₹ Cr.) -26 15
P/BV 0.00 0.00
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 3.37 / 7.24
All Time Low / High (₹) 2.92 / 160.40
Market Cap (₹ Cr.) 5.2
Equity (₹ Cr.) 10.9
Face Value (₹) 10
Industry PE 48.3

Management X-Ray of Lakshmi Prec. Screws:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Lakshmi Prec. Screws

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Sales206.60223.66227.71309.53342.67319.59351.36373.93309.92258.69
Operating Expenses 177.58194.87193.03263.72287.63264.04326.94326.39292.61257.49
Manufacturing Costs41.5240.1246.2754.6958.6553.2264.9259.7150.9639.07
Material Costs78.8592.0780.91128.85134.67118.76138.58160.20141.85119.33
Employee Cost 30.6033.1037.7444.9055.0555.7387.1573.3770.9773.64
Other Costs 26.6129.5828.1135.2839.2636.3336.3033.1128.8325.45
Operating Profit 29.0328.8034.6845.8155.0555.5624.4247.5417.301.20
Operating Profit Margin (%) 14.1%12.9%15.2%14.8%16.1%17.4%7.0%12.7%5.6%0.5%
Other Income 3.573.351.644.301.092.280.141.444.2515.52
Interest 11.7316.3115.3418.3525.4031.4336.4537.323840.56
Depreciation 8.539.3012.3918.1222.1721.1516.6211.2815.2317.13
Exceptional Items 0000000024.600
Profit Before Tax 12.346.558.5913.648.575.25-28.500.38-7.07-40.97
Tax 4.623.053.314.761.201.040.1202.500
Profit After Tax 7.723.505.288.887.374.21-28.620.38-9.57-40.97
PAT Margin (%) 3.7%1.6%2.3%2.9%2.2%1.3%-8.1%0.1%-3.1%-15.8%
Adjusted EPS (₹)7.13.24.88.16.73.8-26.20.4-8.7-37.4
Dividend Payout Ratio (%)17%19%21%18%22%21%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17

Equity and Liabilities

Shareholders Fund 81.2282.7187.5094.5799.86103.2474.8174.1064.3423.37
Share Capital 10.9410.9410.9410.9410.9410.9410.9410.9410.9410.94
Reserves 70.2871.7676.5683.6388.9292.3063.8763.1553.3912.42
Minority Interest0000000000
Debt109.40119.30119.86129.77172.21207.05232.62244.23224.95219.49
Long Term Debt109.40119.30119.8638.4538.2631.8652.4887.9577.6362.42
Short Term Debt00091.32133.95175.19180.14156.28147.32157.07
Trade Payables50.9253.0768.0491.4573.5550.5056.2284.5073.3055.45
Others Liabilities 17.8218.0124.5251.9962.9368.2699.49108.46124.43161.83
Total Liabilities 259.35273.08299.92367.78408.55429.05463.14511.29487.02460.14

Fixed Assets

Gross Block123.23143.25152.53202.24234.50241.92253.20266.76345.15342.20
Accumulated Depreciation71.8681.1693.55111.52133.45153.85170.35182.56195.40198.35
Net Fixed Assets51.3762.0958.9890.72101.0588.0782.8584.20149.75143.84
CWIP 2.611.040.521.120.320.544.4724.3017.9624.25
Investments 4.224.274.274.274.274.274.274.271.921.74
Inventories116.09129.15154.78173.72203.88234.92251.26272.17200.58196.40
Trade Receivables57.7451.6753.5463.2967.8765.9174.2377.6474.2055.10
Cash Equivalents 10.456.769.729.109.8311.2512.6414.7110.495.22
Others Assets16.8718.0918.1225.5521.3324.0833.4033.9932.1233.57
Total Assets 259.35273.08299.92367.78408.55429.05463.14511.29487.02460.14

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Cash Flow From Operating Activity -14.906.4311.6742.9919.926.3327.5055.5576.6930.23
PBT 12.356.558.598.887.374.21-28.620.38-7.07-40.97
Adjustment 20.0424.3229.5339.6148.3353.0552.6847.799.4339.13
Changes in Working Capital -34.04-7.22-8.66-4.44-34.04-49.575.957.5374.4832.07
Tax Paid -1.60-1-1.20-1.06-1.74-1.35-2.51-0.15-0.150
Cash Flow From Investing Activity -18.04-18.50-8.52-50.26-32.76-6.78-20.29-25.51-34.422.57
Capex -18.24-18.53-8.76-50.51-31.77-8.31-15.37-33.77-74.44-2.06
Net Investments -0.09-0.0500000040.180.18
Others 0.280.080.230.25-0.991.52-4.928.26-0.164.44
Cash Flow From Financing Activity 38.428.39-0.196.4011.952.42-9.90-30.37-40.64-34.87
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 14.962.51-1.4214.518.24-5.4618.577.98-9.80-26.59
Interest Paid 000-18.35-24.97-31.43-36.45-37.32-27.43-28.22
Dividend Paid -2.25-1.51-0.76-1.23-1.88-1.93-1.010.040.04-0.02
Others 25.717.391.9911.4730.5641.248.99-1.07-3.4619.97
Net Cash Flow 5.48-3.682.95-0.88-0.891.96-2.69-0.331.63-2.07
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Ratios
ROE (%)9.934.296.219.787.64.15-32.190.51-13.82-93.43
ROCE (%)14.4311.6611.714.312.6611.612.3711.189.4-0.14
Asset Turnover Ratio0.990.940.861.010.960.840.870.840.680.61
PAT to CFO Conversion(x)-1.931.842.214.842.71.5N/A146.18N/AN/A
Working Capital Days
Receivable Days77807863646966678182
Inventory Days171179211178185227229232253253
Payable Days219200256206210189138159203197

Lakshmi Precision Screws Ltd Stock News

Lakshmi Precision Screws Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Lakshmi Prec. Screws on 28-Mar-2024 16:01 is ₹4.76.
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 28-Mar-2024 16:01 the market cap of Lakshmi Prec. Screws stood at ₹5.21.
The latest P/E ratio of Lakshmi Prec. Screws as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Lakshmi Prec. Screws as of 28-Mar-2024 16:01 is 0.00.
The 52-week high of Lakshmi Prec. Screws is ₹7.24 and the 52-week low is ₹3.37.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Lakshmi Prec. Screws is ₹250.6 ( Cr.) .

About Lakshmi Precision Screws Ltd

Lakshmi Precision Screws Ltd. was established in year 1972, Fastening technology is its core business and customer services their guiding principle. It is one of the leading manufacturers and suppliers of high tensile fasteners catering to the needs of all the sectors like wind energy, locomotive, automobiles industrial and its sub cons, agricultural equipments (tractors), machine buildings, etc.

The company is one of the largest exporters of fasteners in India. 35% of the total sales is contributed from the products exported to a range of countries such as USA, Australia, Canada, Denmark, Dubai, France, Germany, Hong Kong, Indonesia, Japan, Malaysia, Singapore, South Africa, Switzerland, Sweden, etc. The company is a partner of the Global Fastener Alliance (GFA).

The company is located in Rohtak (Haryana) which has a close proximity being just sixty Kms. from the National Capital, New Delhi and falls in the northern region of India. With sheer hard work and sincerity The company had set up another plant in the year 1993 keeping in view the growing global demand. In the recent past the company had set operational two more units, one in Rohtak and another in Industrial Modal Town, Manesar where leading manufacturers such as Hero Honda, Honda Motors Scooters India, Maruti Suzuki, etc. are also established. The said manufacturers are also the customers of the company.

However, collectively all the four units of this company are spread over an area of 1, 00,000 square meters and have a total production capacity of 25,000 metric tons (MT) per annum. The company expects that its production capacity will be rising 10% every year. The companies manufacturing units and warehouses were built keeping in view the close proximity of its ancillaries, raw material providers and national highways.

LPS was designed keeping in mind its clients need to find the optimum mix of exceptional quality and cost-effectiveness. Its core-expertise today lies in its ability to resource materials and manufacture completely custom-designed solutions. Its farsightedness and acute understanding of the nature of business has now made LPS one of the global leader in the making of high tensile precision fasteners and cold-forged components.

Product range of the company includes:

Standard Products

  • Bolts & Screws
  • Pins
  • Nuts
  • Allen Key

Special Products

  • Wind Energy
  • Automotive
  • Defence
  • Electronic & Communication

Milestones :

  • 2009 - License to manufacture & market Torx Plus brand of proprietary products from Accument USA
  • 2008- Recommendation for strong Commitment, award from CII, AS9001B Certification
  • 2007 -Received Best Performance Award from Bosch & Knorr-Bremse.  
  • 2006 - Quality Software SAPPHIRE implemented Approved By Volkswagen for the supply of High Tensile Fasteners. Received Best Development Model Award from Honda Motorcycles & Scooters India Ltd.
  • 2005 - License to manufacture fasteners with Doerken Proprietary Delta-Seal & Delta-Tone Finishing Technology. License to manufacture & market EJOT brand of proprietary products Delta-PT & Altracs from EJOT GMBH, Germany.
  • 2004 - Recommended for OHSAS 18001 Certification .
  • 2003 - VOLVO Global Supplier Certification. ISO/TS16949 (Version 2002) Certification 
  • 2002 -SAP R/3 implemented Golden Peacock Environment Management Award
  • 2000 - QS-9000:1998 Certification 2001. ISO/TS 16949:1999 Certification  
  • 2001 - ISO 14001 Certification 
  • 1999 - License to manufacture & market Torx brand of proprietary products from Textron Inc. USA .
  • 1998 - Marketing tie-up with RECOIL Pty. Australia  Joint venture with BOSSARD-AG, Switzerland  
  • 1996 - ISO 9002 Certification .
  • 1995 - A2LA and NABL Accreditations 
  • 1991 to 93 - Continuously received Regional Export Award from EEPC  Established LPS Plant-II
  • 1988 - Established as Exporter  
  • 1984 - Registered as Public Limited Company

Achievements/ recognition:

  • Silver award in Engineering Category from Frost & Sullivan (India Manufacturing Excellence Award).
  • Achievement Award for quality & delivery target from Honda Motorcycle & Scooter India  ltd.
  • Excellence in performance Award from MICO Bosch.
  • Best performance Award from Bosch & Knorr-Bremse.
  • Received Peacock Environment Management Award.
  • Achieved Export Excellence Award from EEPC India.
  • ISO 9001:2000 certified.
  • ISO 16949:2002 certified.
  • ISO/TS 16949:2002 certified.
  • ISO/IEC 17025:2005 certified by NABL in the field of Mechanical calliberation.
  • ISO/IEC 17025:2005 certified by NABL in the field of chemical testing.
  • OHSAS 18001:1999 certified.
  • AS9100,Rev B certified.
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