Lakshmi Electrical Control Systems Ltd - Stock Valuation and Financial Performance

BSE: 504258 | NSE: LAKSELECON | Electric Equipment | Small Cap

Lakshmi Elect.Contl. Share Price

1,625 12.70 0.79%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Lakshmi Elect.Contl.

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

akshmi Electrical Control Systems stock performance -

mw4me loader
P/E Ratio (SA):
24.88
Market Cap:
396.3 Cr.
52-wk low:
720
52-wk high:
2,175

Is Lakshmi Electrical Control Systems Ltd an attractive stock to invest in?

1. Is Lakshmi Electrical Control Systems Ltd a good quality company?

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

2. Is Lakshmi Electrical Control Systems Ltd undervalued or overvalued?

The key valuation ratios of Lakshmi Electrical Control Systems Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Lakshmi Electrical Control Systems Ltd a good buy now?

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.

10 Year X-Ray of Lakshmi Elect.Contl.:

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 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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.1%10%9.9%7.4%6.2%4.6%0.3%3%7.7%8.8%-
Value Creation
Index
-0.4-0.3-0.3-0.5-0.6-0.7-1.0-0.8-0.5-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 160182187160189191113132256361372
Sales YoY Gr.-13.7%2.7%-14.3%17.5%1.2%-40.7%16.8%93.7%40.9%-
Adj EPS 26.233.33538.141.732.91.619.562.780.364.8
YoY Gr.-27.2%5.2%8.8%9.4%-21%-95.1%1111.2%221.5%28.1%-
BVPS (₹) 321345.6371559.7688.4694.7545.3716.8866.5943.81,117.5
Adj Net
Profit
6.48.28.69.410.28.10.44.815.419.716
Cash Flow from Ops. -2.7-9.31.91.415.16.88.5-9.66.711.1-
Debt/CF from Ops. -1.2-0.11.516.20.30.80.1-1.10.90.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.4%13.9%47.2%40.9%
Adj EPS 13.3%14%268.1%28.1%
BVPS12.7%6.5%20.1%8.9%
Share Price 21.3% 25% 75.6% 120.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.4109.88.26.74.80.33.17.98.96.3
Op. Profit
Mgn %
4.55.47.17.48.25.8-0.137.97.55.1
Net Profit
Mgn %
44.54.65.85.44.20.43.665.54.3
Debt to
Equity
0000.20000.100-
Working Cap
Days
8710310913113012718818313112261
Cash Conv.
Cycle
51939576681123105675728

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 47.16%

Net Profit is growing at healthy rate in last 3 years 268.13%

Return on Equity has declined versus last 3 years average to 6.30%

Sales growth is not so good in last 4 quarters at 8.43%

Latest Financials - Lakshmi Electrical Control Systems Ltd.

Standalone Consolidated
TTM EPS (₹) 64.8 40.1
TTM Sales (₹ Cr.) 372 159
BVPS (₹.) 1,117.5 0
Reserves (₹ Cr.) 272 43
P/BV 1.44 0.00
PE 24.88 40.24
From the Market
52 Week Low / High (₹) 720.00 / 2175.00
All Time Low / High (₹) 22.50 / 2175.00
Market Cap (₹ Cr.) 396
Equity (₹ Cr.) 2.5
Face Value (₹) 10
Industry PE 83.3

Management X-Ray of Lakshmi Elect.Contl.:

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 Elect.Contl.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales160182187160188191113132256361
Operating Expenses 153172174149173180113128236334
Manufacturing Costs67656856710
Material Costs13515014912514615088102203290
Employee Cost 11121615161716162126
Other Costs 2333444358
Operating Profit 71013121611042027
Operating Profit Margin (%) 4.5%5.4%7.1%7.4%8.2%5.8%-0.1%3.0%7.9%7.5%
Other Income 5424343333
Interest 0000000001
Depreciation 2122222222
Exceptional Items 000-1000-300
Profit Before Tax 91213131713132127
Tax 3454530057
Profit After Tax 68991210031520
PAT Margin (%) 4.0%4.5%4.6%5.5%6.2%5.3%0.4%2.3%6.0%5.5%
Adjusted EPS (₹)25.933.535.035.847.841.51.712.463.081.1
Dividend Payout Ratio (%)19%21%23%22%21%22%29%28%24%27%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 798591138169171134176213232
Share Capital 2222222222
Reserves 768289135167168132174211230
Minority Interest0000000000
Debt313225501168
Long Term Debt0000000000
Short Term Debt313225501168
Trade Payables32311920231717304154
Others Liabilities 4787107681617
Total Liabilities 118124121186207200158226277310

Fixed Assets

Gross Block47566126272940414351
Accumulated Depreciation333335224691113
Net Fixed Assets14232624252534323237
CWIP 1300000011
Investments 111116010410071104126130
Inventories15211614172020303032
Trade Receivables25333639504131456789
Cash Equivalents 45233333811010125
Others Assets8119162334916
Total Assets 118124121186207200158226277310

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -3-9211578-10711
PBT 91213131713132127
Adjustment -2-30-2-1-2-1-100
Changes in Working Capital -6-16-8-64-19-11-10-9
Tax Paid -4-3-4-4-4-40-1-4-7
Cash Flow From Investing Activity 0-89-184-4-1-1-1-8
Capex -5-12-3-1-3-2-11-1-4-17
Net Investments 1010-21-190-1941
Others 542426-211-9-18
Cash Flow From Financing Activity 0-4-117-19-3-810-6-3
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 000000000-1
Dividend Paid 0-1-2-2-2-2-20-1-4
Others 0-3119-170-510-51
Net Cash Flow -3-22100000000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.3310.059.767.697.6560.281.977.968.96
ROCE (%)11.8314.9615.0810.019.957.450.611.6810.3812.09
Asset Turnover Ratio1.591.671.721.170.990.940.630.691.021.23
PAT to CFO Conversion(x)-0.5-1.130.220.111.250.7INF-3.330.470.55
Working Capital Days
Receivable Days4753597583871151058079
Inventory Days27333230293564694331
Payable Days79766157544971846560

Lakshmi Electrical Control Systems Ltd Stock News

Lakshmi Electrical Control Systems Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Lakshmi Elect.Contl. on 28-Mar-2024 16:01 is ₹1,625.
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 Elect.Contl. stood at ₹396.3.
The latest P/E ratio of Lakshmi Elect.Contl. as of 28-Mar-2024 16:01 is 24.88.
The latest P/B ratio of Lakshmi Elect.Contl. as of 28-Mar-2024 16:01 is 1.44.
The 52-week high of Lakshmi Elect.Contl. is ₹2,175 and the 52-week low is ₹720.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Lakshmi Elect.Contl. is ₹371.8 ( Cr.) .

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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