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Laxmi Organic Industries Ltd

₹ 162-1.65%
06 Jan – close price
🔗laxmi.com•BSE: 543277•NSE: LXCHEM
Market Cap₹ 4,498 Cr.
Current Price₹ 162
High / Low₹ 243
Stock P/E48.3
Book Value₹ 70.0
Dividend Yield0.31 %
ROCE8.77 %
ROE6.16 %
Face Value₹ 2.00
Sales₹ 2,860 Cr.
OPM7.18 %
Mar Cap₹ 4,498 Cr.

ABOUT

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

KEY POINTS

Product Portfolio[1]a) Essentials SegmentThe Segment includes products like Ethyl Acetate, Acetic Anhydride, Acetaldehyde, various solvents, ethanol, and n-Butyl/Ethyl Acetate. These cater primarily to the pharmaceutical, packaging, and industrial sectors.

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsAsset Base ExpansionCapacity Expansion And ProductsJv Partnerships AcquisitionsRevenue Guidance Vs ActualsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Pidilite Inds.1505.0068.24153165.960.66584.608.363554.449.8829.8413817.5923.312244.67579.2316.0316.220.05
2.Gujarat Fluoroch3492.4056.4238364.010.09179.0047.931210.001.859.894864.0026.89680.00179.005.045.510.23
3.Navin Fluo.Intl.5751.0066.3729472.500.21148.37152.24758.4246.2611.682790.9627.91444.09148.378.186.270.33
4.Deepak Nitrite1625.5041.7222170.690.46118.75-38.871901.89-6.4016.287874.8611.16531.41118.714.029.860.23
5.Atul6182.5033.5718202.370.40182.3731.011551.8511.4212.815898.3216.11542.25179.243.087.480.03
6.BASF India3898.0043.8616872.740.51101.05-21.023904.04-8.0918.0214603.554.17384.69101.054.426.070.04
7.Vinati Organics1614.8036.0116739.930.46129.0221.59546.27-1.2720.612258.6529.70464.92129.025.6413.640.00
8.Laxmi Organic162.3148.264498.390.3113.94-47.46706.42-5.058.772860.477.1893.2113.942.323.900.17
–Median: 92 Co.292.4828.49878.140.327.343.25134.385.6115.16512.2213.0926.077.352.767.880.11

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
636686768694717672711811714597636744706
Expenses
577628695618635638644723655573588672666
Operating Profit
59587276823467885923487240
Other Income
8136612679571264
Profit before tax
42434555701844671810344419
Tax %
19%8%38%31%34%-29%41%30%-59%11%31%40%26%
Net Profit
3439283846232647289232714
EPS in Rs
1.301.421.001.431.680.830.981.721.030.340.880.960.50

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
9021,0081,2731,4291,3591,6062,8772,6912,8242,9452,860
Expenses
8258921,1241,2751,2391,4012,5412,4442,5662,6552,655
Operating Profit
76116149154120205337247258289205
Other Income
32463392129291920
Interest
181110161518172262020
Depreciation
2827294148454770105122106
Profit before tax
32811131039015129418317616699
Net Profit
257177787912324013512711893
EPS in Rs
24.5670.7176.6615.5417.464.659.095.084.624.263.36
Dividend Payout %
4%0%0%2%10%11%8%10%13%12%–

Compounded Profit Growth

10 Years:%
5 Years:15%
3 Years:-22%
TTM:-42%

Compounded Sales Growth

10 Years:%
5 Years:17%
3 Years:1%
TTM:-3%

Return on Equity

10 Years:%
5 Years:11%
3 Years:8%
Last Year:6%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:-18%
1 Year:-30%

Balance Sheet

Standalone figures in ₹ crores

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
1010105045535353555555
Reserves
2242943704053969921,2301,3671,7451,8571,885
Borrowings
199791941431387599372139255331
Other Liabilities
158227258359445616785537880874925
Total Liabilities
5906108329581,0241,7352,1662,3292,8203,0403,196
Fixed Assets
2071952733273273153616948721,1611,432
Gross Block
389.19221.69328.20423.22469.74502.36596.46988.751,271.751,682.76–
Accumulated Depreciation
182.1526.7255.4695.82142.89186.95235.80294.52400.25522.00–
CWIP
33483031236017788459419483
Investments
1923202021253228714916782
Other Assets
3323445095796531,3351,5971,2591,3411,2941,199
Total Assets
5906108329581,0241,7352,1662,3292,8203,0403,196

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
––––13511061161521114
Cash from Investing Activity
––––-3-60444-362-494-274
Cash from Financing Activity
––––-115485-87241-1091
Net Cash Flow
––––17-9174016-68

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
61788378858779737867
Inventory Days
61345148575960504868
Days Payable
70858311215415512793146133
Cash Conversion Cycle
52275113-12-81230-203
Working Capital Days
1216252734542331811
ROCE %
–22%26%20%14%20%25%13%9%9%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
72.50%72.50%72.39%72.39%69.83%69.71%69.55%69.50%69.39%69.39%69.38%69.36%
FIIs
0.45%0.47%0.48%0.48%0.67%0.85%1.05%1.67%1.97%2.48%1.63%1.60%
DIIs
1.65%1.73%1.54%1.55%3.53%3.43%2.16%3.22%3.47%3.38%4.05%3.19%
Public
25.40%25.30%25.59%25.58%25.97%26.00%27.25%25.61%25.17%24.75%24.93%25.85%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Laxmi Organic Industries to close trading window from April 1 for financial results

23rd March 2026, 8:39 pm

Laxmi Organic Shareholders Approve Re-appointment of Independent Director via Postal Ballot

10th March 2026, 10:20 pm

Laxmi Organic Faces Electricity Appeal Challenging Favorable MERC Order; Potential ₹407.27 Million Impact

9th March 2026, 8:36 pm

Laxmi Organic Industries Files Newspaper Ads for Postal Ballot Notice

6th February 2026, 10:23 pm

Laxmi Organic Industries Completes Dispatch of Postal Ballot Notice for Director Re-appointment

5th February 2026, 7:49 pm

Published by Other Websites

External media mentions & references

India Chemical Stocks Soar on US Tariff Cuts; China Loses Edge

7th February 2026, 9:25 am

Laxmi Organic Faces Pressure; Analyst Retains 'Reduce'

2nd February 2026, 12:24 pm

Laxmi Organic Falls on Profit Slump, Recoups Losses

30th January 2026, 1:51 pm

Laxmi Organic Denies Hazardous Waste Claims: Here's How They Ensure Safety!

27th December 2025, 5:25 pm

Indian Chemical Sector Attracts Strong Foreign Investment Amidst Tariff Uncertainty

13th August 2025, 12:42 pm

News Articles

Editorial & research coverage

Laxmi Organic Faces Pressure; Analyst Retains 'Reduce'
Laxmi Organic Faces Pressure; Analyst Retains 'Reduce'

2nd February 2026, 12:24 pm

Laxmi Organic Falls on Profit Slump, Recoups Losses
Laxmi Organic Falls on Profit Slump, Recoups Losses

30th January 2026, 1:51 pm

Laxmi Organic Denies Hazardous Waste Claims: Here's How They Ensure Safety!
Laxmi Organic Denies Hazardous Waste Claims: Here's How They Ensure Safety!

27th December 2025, 5:25 pm

Documents

Announcements

Intimation of Repayment of Commercial Paper (CP)

29 Dec - ₹50 crore Commercial Paper (ISIN INE576O14049) issued 30-Sep-2025 redeemed on 29-Dec-2025.

Announcement under Regulation 30 (LODR)-Press Release / Media Release

26 Dec - Dec 26, 2025: Laxmi denies Miteni comparison; affirms Lote facility compliance, no hazardous discharge.

Credit Rating Update

24 Dec - Laxmi Organic's outlook downgraded to Negative by India Ratings; IND AA/IND A1+ reaffirmed (23 Dec 2025).

Closure of Trading Window
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Credit Ratings

Rating update

23 Dec from fitch

Rating update

20 Nov 2025 from crisil

Rating update

24 Dec 2024 from fitch

Rating update

18 Dec 2024 from crisil

Rating update

5 Jan 2024 from fitch

Rating update

24 Dec 2023 from fitch

Concalls

Nov 2025

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Stock Analysis

Description

  1. Laxmi Organic Industries Limited is engaged in the specialty chemicals business, manufacturing products like Ethyl Acetate and Diketene Derivative Products (DDP).

Key Growth Triggers

  1. Strategic growth initiatives include the Dahej project, Lote facility expansion, and a global sourcing agreement with Hitachi Energy for specialized eco-efficient gas. The company is also focusing on developing its fluorination capabilities.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Recent credit rating outlook revisions to Negative by CRISIL and India Ratings indicate potential concerns regarding financial performance. Previous regulatory issues and a decline in Q2 FY26 profits may also be considered.

Key Dates To Watch

  1. The compliance certificate covers the quarter ended December 31, 2025. The disclosure date is January 8, 2026.

Corporate Announcements

23rd Mar 26
Impact Rating: 5
Laxmi Organic Industries has announced a trading window closure starting April 1, 2026, as per SEBI regulations, to prevent insider trading ahead of financial results.
10th Mar 26
Impact Rating: 6
Laxmi Organic Industries shareholders greenlit Dr. Rajiv Banavali's re-appointment as Independent Director for a second term of two years, running from May 18, 2026, to May 17, 2028.
9th Mar 26
Impact Rating: 8
Laxmi Organic Industries Ltd. has been informed of an appeal filed by MSEDCL at APTEL, contesting a favourable order from MERC. The company could be exposed to a potential financial impact of approximately ₹407.27 million.
6th Feb 26
Impact Rating: -
No description available.
5th Feb 26
Impact Rating: 2
The company is seeking member approval via e-voting for Dr. Rajiv Banavali's second term as Independent Director from May 2026 to May 2028, following his satisfactory first term.