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Swing Capital

Laxmi Organic Industries Ltd

NSE: LXCHEM BSE: 543277Chemicals

Laxmi Organic Industries Limited was established in 1989 and is in the business of specialty chemicals. The Company primarily manufactures Ethyl Acetate, Acetic Acid and Diketene Derivative Products (DDP). DDP is a specialty chemical group, the technology and business of which has been acquired by the company from Clariant Chemicals India Limited. The company’s business operations are carried in over 30 countries including 11 offices located in India

₹151
52W: ₹107 — ₹241
PE 49.1 · Book ₹70 · +116% vs book
Market Cap₹4,183 Cr
Stock P/E49.1Price to Earnings
ROCE8.77%Return on Capital
ROE6.16%Return on Equity
Div. Yield0.32%Face Value ₹2

Strengths

  • +Company's working capital requirements have reduced from 20.9 days to 11.2 days

Weaknesses

  • −Company has a low return on equity of 7.72% over last 3 years.
  • −Dividend payout has been low at 11.5% of profits over last 3 years
  • −Promoter holding has decreased over last 3 years: -3.15%

Shareholding Pattern

Promoters69.36%
FIIs1.16%
DIIs3.82%
Public25.68%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters69.55%69.5%▼0.069.39%▼0.169.39%69.38%▼0.069.36%▼0.069.36%69.36%
FIIs1.05%1.67%▲0.61.97%▲0.32.48%▲0.51.63%▼0.91.6%▼0.01.6%1.16%▼0.4
DIIs2.16%3.22%▲1.13.47%▲0.33.38%▼0.14.05%▲0.73.19%▼0.93.4%▲0.23.82%▲0.4
Public27.25%25.61%▼1.625.17%▼0.424.75%▼0.424.93%▲0.225.85%▲0.925.65%▼0.225.68%▲0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales636686811717744768714672706707
Expenses588628723635672695655638666660
Operating Profit48588882727259344047
OPM %8%8%11%11%10%9%8%5%6%7%
Net Profit23394746272828231420
EPS ₹0.881.421.721.680.9611.030.830.50.72

AI Insights

Revenue Trend

TTM revenue at ₹2,799Cr, down 5% YoY. OPM at 6%.

Debt Position

Borrowings at ₹331Cr. Debt-to-equity ratio: 0.18x. Healthy balance sheet.

Capex Cycle

CWIP at ₹483Cr (34% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 3.82% (+2.28pp change). FIIs: 1.16% (+0.68pp change). Promoters hold 69.36%.

Margin & Efficiency

ROCE improving from 0% (Mar 2016) to 9% (Mar 2025). Working capital days: 11.

Valuation

PE 49.1x with 8.77% ROCE. Price is 116% above book value of ₹70. Dividend yield: 0.32%.

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