Lakshmi Mills Company Ltd - Stock Valuation and Financial Performance

BSE: 502958 | NSE: LAKSHMIMIL | Textile | Small Cap

Lakshmi Mills Co Share Price

4,838 -47.60 -0.97%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on Lakshmi Mills Co

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

akshmi Mills Company stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
339.8 Cr.
52-wk low:
3,303
52-wk high:
5,100

Is Lakshmi Mills Company Ltd an attractive stock to invest in?

1. Is Lakshmi Mills Company Ltd a good quality company?

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

2. Is Lakshmi Mills Company Ltd undervalued or overvalued?

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

3. Is Lakshmi Mills Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Lakshmi Mills Company 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 Mills Co:

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 Mills Company 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 % 6.1%6.1%4.3%1.9%1.8%-0.1%-0.1%2.4%5%-0.1%-
Value Creation
Index
-0.6-0.6-0.7-0.9-0.9-1.0-1.0-0.8-0.6-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 218221199227239248218184347240230
Sales YoY Gr.-1.5%-10%14.1%5.3%3.5%-11.8%-15.8%88.5%-30.8%-
Adj EPS 66.872.419.3-9.931.7-117-118.629.3341.5-91.6-225.3
YoY Gr.-8.4%-73.4%-151.6%NA-469.4%NANA1067.4%-126.8%-
BVPS (₹) 469.5508.1512.45,141.37,063.96,377.43,494.46,853.59,076.89,216.112,142.4
Adj Net
Profit
4.751.3-0.72.2-8.1-8.3223.8-6.4-16
Cash Flow from Ops. 5.518.911.116.512.62.928.68.127.837.7-
Debt/CF from Ops. 12.33.35.63.96.129.3310.232.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.1%0.1%3.2%-30.8%
Adj EPS -203.6%-223.7%NA-126.8%
BVPS39.2%5.5%38.2%1.5%
Share Price 12.2% 13.6% 29.3% 31%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
3.63.81-0.30.5-1.7-2.40.64.3-1-2.1
Op. Profit
Mgn %
6.87.57.35.98.263.512.914.41.7-2.3
Net Profit
Mgn %
2.12.30.7-0.30.9-3.3-3.81.16.9-2.7-6.8
Debt to
Equity
2.11.81.80.20.20.20.40.20.10.2-
Working Cap
Days
2782723021851021061171359314364
Cash Conv.
Cycle
222218244133476176836083-28

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 3.17%

Sales growth is not so good in last 4 quarters at -10.26%

Latest Financials - Lakshmi Mills Company Ltd.

Standalone Consolidated
TTM EPS (₹) -225.3 -
TTM Sales (₹ Cr.) 230 -
BVPS (₹.) 12,142.4 -
Reserves (₹ Cr.) 838 -
P/BV 0.40 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 3303.00 / 5100.00
All Time Low / High (₹) 134.00 / 5480.00
Market Cap (₹ Cr.) 340
Equity (₹ Cr.) 7
Face Value (₹) 100
Industry PE 29.2

Management X-Ray of Lakshmi Mills Co:

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 Mills Co

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
Sales218221199227239248218184347240
Operating Expenses 204205185214220233211160297236
Manufacturing Costs41424239394542275338
Material Costs1221199912913614112297191149
Employee Cost 26303133333435273934
Other Costs 1414131411131391515
Operating Profit 141715132015824504
Operating Profit Margin (%) 6.5%7.5%7.3%5.9%8.2%6.0%3.5%12.9%14.4%1.7%
Other Income 4658444235
Interest 1110101010111112128
Depreciation 57779118678
Exceptional Items 7-300-208-1-11
Profit Before Tax 103143-40633-7
Tax 1-10314239-2
Profit After Tax 94111-8-2424-5
PAT Margin (%) 4.3%1.9%0.5%0.5%0.6%-3.2%-0.7%2.0%6.9%-2.1%
Adjusted EPS (₹)135.161.715.115.320.5-114.0-21.852.8346.0-72.1
Dividend Payout Ratio (%)11%24%60%59%44%-4%0%28%7%-12%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 132135135358491444243477631641
Share Capital 7777777777
Reserves 125128128351484437236470624634
Minority Interest0000000000
Debt565257586879797274101
Long Term Debt21151515251717221947
Short Term Debt36374243436262505554
Trade Payables25182224291717111821
Others Liabilities 75-1110812225558
Total Liabilities 219210213441599548351582779822

Fixed Assets

Gross Block16717317616017618018018119096
Accumulated Depreciation1221291347162835394551
Net Fixed Assets45434215316015214514214545
CWIP 00000101545
Investments 222223363320135370504526
Inventories13613013737323334285648
Trade Receivables24202220343326313213
Cash Equivalents 4412432221
Others Assets912106668935143
Total Assets 219210213441599548351582779822

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 51911161332982838
PBT 103143-40633-7
Adjustment -7141411151924191711
Changes in Working Capital 34-42-4-115-16-1939
Tax Paid -1-200-100-1-3-6
Cash Flow From Investing Activity 11-2-3-9-150-20-4-14-56
Capex -9-6-5-10-17-4-22-5-14-57
Net Investments 2000000000-3
Others 0431241103
Cash Flow From Financing Activity -16-15-10-74-2-10-4-1419
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -1-50013-1018-528
Interest Paid -10-9-9-8-9-10-10-12-11-7
Dividend Paid -1-1-1-1-1-100-1-2
Others -40010190-130
Net Cash Flow 11-2011-1000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)32.9112.622.950.540.34-1.7-0.441.024.34-0.79
ROCE (%)2113.112.045.392.531.262.694.2470.18
Asset Turnover Ratio1.021.030.940.690.460.430.490.390.510.3
PAT to CFO Conversion(x)0.564.75111613N/AN/A21.17N/A
Working Capital Days
Receivable Days39363833414949563334
Inventory Days221219244139524756614479
Payable Days64657465716051532848

Lakshmi Mills Company Ltd Stock News

Lakshmi Mills Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Lakshmi Mills Co on 12-Apr-2024 10:20 is ₹4,838.
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 12-Apr-2024 10:20 the market cap of Lakshmi Mills Co stood at ₹339.8.
The latest P/E ratio of Lakshmi Mills Co as of 12-Apr-2024 10:20 is 0.00.
The latest P/B ratio of Lakshmi Mills Co as of 12-Apr-2024 10:20 is 0.40.
The 52-week high of Lakshmi Mills Co is ₹5,100 and the 52-week low is ₹3,303.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Lakshmi Mills Co is ₹230.0 ( Cr.) .

About Lakshmi Mills Company Ltd

Lakshmi Mills Company was established in the year 1910 by the visionary and pioneer late G. Kuppuswamy Naidu. The history of Lakshmi Mills is in many ways the history of the textile industry in Coimbatore.

For close to a century Lakshmi Mills has contributed to the development of the industry by promoting self reliance, research, import substitution, exports and technology. The company has also demonstrated its staying power by ensuring quality and customer satisfaction as the prime objectives. In fact, as a pioneer, Lakshmi Mills today is looked upon with respect and reverence as a company that paved the way for the rest to follow.

The company celebrated its golden jubilee, diamond jubilee and platinum jubilee and is now gearing up for the centenary celebration by 2010.The annual turnover of the company is around Rs. 100 crores.

Subsidiaries:

The Lakshmi Mills Company Limited has under its wing diverse concerns that have made their mark in various fields - education, synthetic machinery and support systems. The companies have contributed in a large measure to the industry and to society.

Lakshmi Automatic Loom Works Limited - Lakshmi Automatic Loom Works Limited (LAL) is the result of collaboration between Ruti and Sulzer Brothers of Switzerland and Lakshmi Mills. The company is an ambitious Rs. 90-million project and produces upward of 5000 automatic looms annually.

Educational Institutions - The Lakshmi Mills Group, in conjunction with the Kuppuswamy Naidu Charity Trust for Education and Medical Relief, has various educational institutions under its banner. They are spread across various locations and cover the gamut of the educational spectrum.

Product range of the company includes:

  • Yarns- The company manufactures 100% combed cotton yarn from NE 40s to NE 120s, polyester cotton blended yarn from NE 40s to NE 80s as well as open end yarn of 10s. Besides, the company manufactures 100% micro modal yarn, micro modal/cotton blended yarn, 100% micro tencel yarn, tencel/cotton blended yarn in counts NE 40s to 100s and X-Static yarns in counts NE 20s to 40s.
  • Fabrics - The company manufactures 100% cotton, polyester/cotton, 100% micro modal / micro modal/cotton, 100% polyester and polyester viscose fabrics in 245 looms installed in its Coimbatore Unit.
  • Garments- Tyche Life is an exciting, new casual wear brand for men, women and children, made from super-soft Modal from Lenzing, Austria. Tyche Life brings international styling, bright colours and exotic prints. The emphasis is on comfortable fashion, with an uncompromising commitment to quality.
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