Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Profit & Loss 
Valuation 
Analyst Note 
Balance Sheet 
Cash Flow 
Financial Ratio 
Qtr. Results 
News 
About
Lakshmi Electrical Control Systems Ltd (LAKSELECON)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 504258 NSE: LAKSELECON Electric Equipment | Small Cap | Lakshmi Elect.Contl. Share Price
₹808.20 -32.10 (-3.82%)
As on 14-Jul'26 16:59
Lakshmi Electrical Control Systems Ltd (LAKSELECON)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 504258 NSE: LAKSELECON Electric Equipment | Small Cap | Lakshmi Elect.Contl. Share Price
₹808.20 -32.10 (-3.82%)
As on 14-Jul'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹207 Cr.
Current Price
₹808.2
52-Week Low / High
₹646 / 1,158
TTM EPS
₹4.8
TTM Sales
₹238 Cr.
Book Value per Share
₹1,038.1
P/E Ratio
174.01
Higher than its 5-year historical median
Industry PE
53.6
Price to Book (P/B)
0.81
Lower than its 5-year historical median
Price to Sales (P/S)
0.87
In line with its 5-year historical median
EV/EBITDA
34.19
Higher than its 5-year historical median
Dividend Yield
0.37%
Profitability Efficiency
Return on Equity (ROE)
0.44%
Underperforms industry median
Return on Capital Employed (ROCE)
0.81%
Underperforms industry median
Return on Assets (ROA)
0.34%
Operating Profit Margin
0.5%
Net Profit Margin
0.5%
Gross Profit Margin
2.2%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
11.9%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-77.23%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-65.71%
Asset Quality
Promoter Holding
36.13%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹253 Cr.
Equity
₹2.5 Cr.
Face Value
₹10
All Time Low / High
₹22.50 / 2175.00
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Weak
Is Lakshmi Electrical Control Systems Ltd a good quality company?
Lakshmi Electrical Control Systems Ltd is a weak quality company, based on a inconsistent 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 Lakshmi Electrical Control Systems Ltd performance compare with that of its Peers?
Revenue growth of Lakshmi Electrical Control Systems Ltd vs industry peers?
Lakshmi Electrical Control Systems Ltd revenue CAGR is 13.40%, compared to the industry median CAGR of 13.01%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of Lakshmi Electrical Control Systems Ltd?
Promoters hold 36.13% of the Lakshmi Electrical Control Systems Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Lakshmi Electrical Control Systems Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 8.2% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 Electrical Control 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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10% | 10% | 7.5% | 0.6% | 1.7% | 10.4% | 12.1% | 7.4% | 2.2% | 0.8% | - |
| Value Creation Index ⓘ | -0.3 | -0.3 | -0.5 | -1.0 | -0.9 | -0.3 | -0.1 | -0.5 | -0.9 | -0.9 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 160 | 189 | 191 | 113 | 132 | 256 | 361 | 338 | 212 | 238 | 238 |
| Sales YoY Gr. | - | 17.5% | 1.2% | -40.7% | 16.8% | 93.7% | 40.9% | -6.3% | -37.2% | 11.9% | - |
| Adj EPS ⓘ | 38.1 | 41.7 | 32.9 | 1.6 | 19.5 | 62.7 | 80.3 | 52.1 | 14.6 | 2.4 | 4.8 |
| YoY Gr. | - | 9.4% | -21% | -95.1% | 1111.2% | 221.5% | 28.1% | -35.1% | -72.1% | -83.3% | - |
| BVPS (₹) ⓘ | 559.7 | 688.4 | 694.7 | 545.3 | 716.8 | 866.5 | 943.8 | 1,145.3 | 1,160.8 | 1,038.1 | 1,038.1 |
| Adj Net Profit ⓘ | 9.4 | 10.2 | 8.1 | 0.4 | 4.8 | 15.4 | 19.7 | 12.8 | 3.6 | 0.6 | 1 |
| Cash Flow from Ops. ⓘ | 1.4 | 15.1 | 6.8 | 8.5 | -9.6 | 6.7 | 11.1 | 15.6 | 5.4 | 3.7 | - |
| Debt/CF from Ops. ⓘ | 16.2 | 0.3 | 0.8 | 0.1 | -1.1 | 0.9 | 0.7 | 0.4 | 1.9 | 3.9 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.5% | 12.4% | -13% | 11.9% | ||||
| Adj EPS ⓘ | -26.3% | -34.1% | -68.8% | -83.3% | ||||
| BVPSⓘ | 7.1% | 7.7% | 3.2% | -10.6% | ||||
| Share Price | 6.2% | 14.2% | -15.5% | -26.5% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.2 | 6.7 | 4.8 | 0.3 | 3.1 | 7.9 | 8.9 | 5 | 1.3 | 0.2 | 0.5 |
| Op. Profit Mgn % ⓘ | 7.4 | 8.2 | 5.8 | -0.1 | 3 | 7.9 | 7.5 | 4.7 | 2.3 | 0.5 | 0.5 |
| Net Profit Mgn % ⓘ | 5.8 | 5.4 | 4.2 | 0.4 | 3.6 | 6 | 5.5 | 3.8 | 1.7 | 0.3 | 0.5 |
| Debt to Equity ⓘ | 0.2 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0.1 | 0 |
| Working Cap Days ⓘ | 131 | 130 | 127 | 188 | 183 | 131 | 122 | 129 | 179 | 182 | 88 |
| Cash Conv. Cycle ⓘ | 57 | 66 | 81 | 123 | 105 | 67 | 57 | 68 | 104 | 86 | 38 |
Profit And Loss
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 160 | 188 | 191 | 113 | 132 | 256 | 361 | 338 | 212 | 238 |
| Operating Expenses ⓘ + | 149 | 173 | 180 | 113 | 128 | 236 | 334 | 322 | 207 | 236 |
| Operating Profit ⓘ | 12 | 16 | 11 | -0 | 4 | 20 | 27 | 16 | 5 | 1 |
| Operating Profit Margin (%) | 7.4% | 8.2% | 5.8% | -0.1% | 3.0% | 7.9% | 7.5% | 4.7% | 2.3% | 0.5% |
| Other Income ⓘ + | 4 | 3 | 4 | 3 | 3 | 3 | 3 | 7 | 6 | 5 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation ⓘ | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 4 | 4 |
| Profit Before Tax ⓘ | 13 | 17 | 13 | 1 | 3 | 21 | 27 | 19 | 6 | 1 |
| Tax ⓘ | 4 | 5 | 3 | 0 | -0 | 5 | 7 | 5 | 2 | 0 |
| Profit After Tax | 9 | 12 | 10 | 0 | 3 | 15 | 20 | 14 | 3 | 1 |
| PAT Margin (%) | 5.5% | 6.2% | 5.4% | 0.4% | 2.3% | 6.1% | 5.5% | 4.1% | 1.6% | 0.5% |
| Adjusted EPS (₹) | 35.8 | 47.8 | 41.5 | 1.7 | 12.4 | 63.0 | 81.1 | 56.8 | 14.1 | 4.8 |
| Dividend Payout Ratio (%) | 22.30% | 20.90% | 21.70% | 28.70% | 28.10% | 23.80% | 27.10% | 26.40% | 28.30% | 62.10% |
Valuation of Lakshmi Elect.Contl. - Standalone
Analyst's Notes
No data found!
Balance Sheet
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 138 | 169 | 171 | 134 | 176 | 213 | 232 | 282 | 285 | 255 | |
| Debt + | 22 | 5 | 5 | 0 | 11 | 6 | 8 | 7 | 10 | 14 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 20 | 23 | 17 | 17 | 30 | 41 | 54 | 26 | 30 | 59 | |
| Others Liabilities ⓘ | 7 | 10 | 7 | 6 | 8 | 16 | 17 | 22 | 27 | 20 | |
| Total Liabilities ⓘ | 186 | 207 | 200 | 158 | 226 | 277 | 310 | 337 | 353 | 348 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 24 | 25 | 25 | 34 | 32 | 32 | 37 | 31 | 38 | 36 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 3 | 0 | 3 | |
| Investments ⓘ | 60 | 104 | 100 | 71 | 104 | 126 | 130 | 177 | 185 | 148 | |
| Inventories | 14 | 17 | 20 | 20 | 30 | 30 | 32 | 30 | 31 | 42 | |
| Trade Receivables | 39 | 50 | 41 | 31 | 45 | 67 | 89 | 60 | 58 | 72 | |
| Cash Equivalents | 33 | 8 | 11 | 0 | 10 | 12 | 5 | 11 | 11 | 16 | |
| Others Assets ⓘ | 16 | 2 | 3 | 3 | 4 | 9 | 16 | 25 | 28 | 31 | |
| Total Assets ⓘ | 186 | 207 | 200 | 158 | 226 | 277 | 310 | 337 | 353 | 348 | |
Cash Flow
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 1 | 15 | 7 | 8 | -10 | 7 | 11 | 16 | 5 | 4 |
| Cash Flow From Investing Activity ⓘ + | -18 | 4 | -4 | -1 | -1 | -1 | -8 | -9 | -5 | -6 |
| Cash Flow From Financing Activity ⓘ + | 17 | -19 | -3 | -8 | 10 | -6 | -3 | -7 | -1 | 2 |
| Net Cash Flow ⓘ | 0 | -0 | -0 | 0 | -0 | -0 | -0 | -0 | -0 | 0 |
Financial Ratio
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.69 | 7.65 | 6 | 0.28 | 1.97 | 7.96 | 8.96 | 5.44 | 1.23 | 0.44 |
| ROCE (%) | 10.01 | 9.95 | 7.45 | 0.61 | 1.68 | 10.38 | 12.09 | 7.37 | 2.15 | 0.81 |
| Asset Turnover Ratio | 1.17 | 0.99 | 0.94 | 0.63 | 0.69 | 1.02 | 1.23 | 1.04 | 0.62 | 0.68 |
| PAT to CFO Conversion(x) | 0.11 | 1.25 | 0.7 | N/A | -3.33 | 0.47 | 0.55 | 1.14 | 1.67 | 4 |
| Working Capital Days | ||||||||||
| Receivable Days | 75.40 | 83.50 | 86.80 | 115.10 | 104.50 | 79.60 | 78.60 | 80.40 | 102.10 | 100.50 |
| Inventory Days | 30.20 | 29.10 | 35.40 | 64.20 | 68.80 | 42.90 | 31.30 | 33.70 | 53.10 | 56 |
| Payable Days | 56.80 | 54 | 49 | 70.50 | 84.40 | 64.50 | 59.70 | 53.60 | 63.80 | 90.70 |
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Lakshmi Electrical Control Systems Ltd FAQs
The current trading price of Lakshmi Elect.Contl. on 14-Jul-2026 16:59 is ₹808.2.
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 13-Jul-2026 the market cap of Lakshmi Elect.Contl. stood at ₹206.6 Cr
The latest P/E ratio of Lakshmi Elect.Contl. as of 13-Jul-2026 is 174.0.
The latest P/B ratio of Lakshmi Elect.Contl. as of 13-Jul-2026 is 0.81.
The 52-week high of Lakshmi Elect.Contl. is ₹1,158.3 and the 52-week low is ₹646.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Lakshmi Elect.Contl. is ₹238 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Lakshmi Electrical Control Systems Ltd is a below average quality company.
The key valuation ratios of Lakshmi Electrical Control Systems Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Lakshmi Electrical Control Systems Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Lakshmi Electrical Control Systems Ltd
Lakshmi Electrical Control Systems (LECS) was established in 1981, with an objective to build custom-engineered control panels for the textile machinery and machine tools . The panels were to integrate with these sophisticated machinery, for centralized control of all actuating & operating elements and motorized drives.
LECS resolved to foray into the manufacture of LV Switchgear, which were needed in large numbers in the building of control panels. They were able to access the know-how from the renowned Sprecher+Schuh, Switzerland; which is now a part of Rockwell Automation, USA. Their entire production is branded as “Sprecher+Schuh†to international standards and marketed by Rockwell Automation.
Similarly,they added to their lines of manufacture many other related products or extensions. Very high quality standards were ensured through in-house facilities for manufacture of most of the parts – Plastic & Metal – with stringent inspection procedures at every stage.
LECS carries the certification of BVQI for management systems according to ISO 9001:2000 standards. Operations are governed by contemporary management practices and controls like ERP, Kanban, 5S etc.Thus high standards of quality and punctuality in performance got ingrained into the manufacturing culture of LECS.
Being an associated company of the engineering conglomerate LMW, they have substantial resources, manufacturing facilities and support systems on tap.
Product range of the company includes:
- Switchgear
- Contactors, Control Relays, Thermal Overload Relays & Accessories. - Electrovalves, Limit Switches and Starters.
- LECS Motor Protection & Control Devices
- LECS Motor Control Solutions
- Dol & Star Delta Starters and Motor Control Panels
- LECS Automatic Power Management Systems
- LECS Custom Engineers Control Panels for Industrial Machinery
- LECS Automation Devices & Elements
- Industrial Plastic Components
Achievements/ recognition:
- LECS has been awarded the ISO 9001/1994 certification for Contactors, Thermal Overload Relays, Electrovalves, Limit Switches and Starters and recertified on 1998 for Electrovalves, Limit Switches and Starters.
- ISO 9002/1994 for CNC Systems, Plastic & Metal components and Control panels for Textile Machinery and recertified on 1998 for Contactors, Thermal Overload Relays, CNC Systems, Plastic & Metal components and Control panels for Textile Machinery by Bureau Veritas Quality International (BVQI).
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