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Swing Capital

Lagnam Spintex Ltd

NSE: LAGNAMTextile

Lagnam Spintex Ltd (LAGNAM) is a Textile company listed on NSE: LAGNAM. With a market cap of ₹145 Cr and ROCE of 10.1%, ROE of 11.2%, it operates in the Indian Textile sector.

₹81.9
52W: ₹58.6 — ₹124
PE 10 · Book ₹76.6 · +7% vs book
Market Cap₹145 Cr
Stock P/E10Price to Earnings
ROCE10.1%Return on Capital
ROE11.2%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Stock is trading at 1.07 times its book value
  • +Company's median sales growth is 24.9% of last 10 years

Weaknesses

  • −Company has low interest coverage ratio.
  • −Company has a low return on equity of 12.2% over last 3 years.
  • −Contingent liabilities of Rs.60.9 Cr.
  • −Promoters have pledged 48.2% of their holding.
  • −Dividend payout has been low at 4.31% of profits over last 3 years

Shareholding Pattern

Promoters68.5%
FIIs0%
DIIs0%
Public31.5%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters68.5%68.5%68.5%68.5%68.5%68.5%68.5%68.5%
FIIs0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%
Public31.5%31.5%31.5%31.5%31.5%31.5%31.5%31.5%

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales123.58149.65159.97134.34148.39162.86140.1132.43152.8179.65
Expenses112.13129.79146.27122.65133.26138.09125.06120.56136.05156.49
Operating Profit11.4519.8613.711.6915.1324.7715.0411.8716.7523.16
OPM %9.27%13.27%8.56%8.7%10.2%15.21%10.74%8.96%10.96%12.89%
Net Profit4.627.31.580.382.358.541.970.383.698.35
EPS ₹2.614.130.890.221.334.831.110.222.094.73

AI Insights

Revenue Trend

Mar 2026 revenue at ₹605Cr, down 0.2% YoY. OPM at 11%.

Debt Position

Borrowings at ₹358Cr. Debt-to-equity ratio: 3.03x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹8Cr (2% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 68.5%.

Margin & Efficiency

ROCE declining from 11% (Mar 2015) to 10% (Mar 2026). Working capital days: 4.

Valuation

PE 10x with 10.1% ROCE. Price is 7% above book value of ₹76.6. Dividend yield: 0%.

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