LXCHEMChemicals

Laxmi Organic Industries Limited

Specialty Chemicals · ISIN INE576O01020 · BSE 543277 · NSE EQ · FV ₹2
Last price
₹179
+4.37%today
What this company does

Laxmi Organic Industries Limited operates in Specialty Chemicals, part of the Chemicals sector. It booked ₹968 cr of revenue in its latest quarter (Q1 FY27) and kept 7.0% of sales as profit.

In the report:
57out of 100
Equitytale Health Score
Mixed

Healthier than 57% of companies in Chemicals, on all six measures of filed financials. Each measure is ranked against the 35–44 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
54

At close. Not part of the score.

Profitability & returns41

How much profit it earns on the money it employs

Balance sheet48

How much it owes, and whether earnings cover the interest

Cash quality57

Whether reported profit actually arrives as cash

Growth & consistency53

Whether sales and profit have grown, and how steadily

Valuation72

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 40% vs last year
Profit up 217% vs last year
Promoters hold 69%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 7.0% net margin

What if I invest in LXCHEM?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹179 +4.37%
latest close · 2026-09-17
1-year return
-53.1%
52-wk low ₹16252-wk high ₹628
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio18.4Average
LowAverageHigh
P/B ratio2.50Moderate
Below bookModerateHigh
EV / EBITDA11.6Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.6%Fair
WeakFairStrong ▸15%
Return on capital15.3%Strong
WeakFairStrong
Net margin7.0%Decent
ThinDecentStrong
EBITDA margin12.2%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.27Comfortable
LowModerateHigh ▸1
Interest cover22.4×Strong
RiskyOkayStrong ▸5×
Current ratio1.36Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹4,968 cr
Book value
₹72
EPS
₹2.44
latest quarter
Net debt
₹481 cr
owes more than its cash
Enterprise value
₹5,449 cr
EBITDA
₹471 cr
annualised
EBIT
₹384 cr
annualised
Operating margin
9.9%
Return on assets
7.9%
Earnings yield
5.45%
P/S
1.28
Sales / share
₹139.7
Tax rate
26.2%
Face value
₹2
Shares
27.7 cr
Working capital
₹335 cr
Current assets
₹1,261 cr
Current liabilities
₹927 cr
Delivery %
44.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The models disagree too widely to call this cheap or dear — likely a hard-to-compare or transitioning business.
Models span ₹32₹103, midpoint ₹84

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹968 cr
Other Income₹3 cr
Total Income₹972 cr
Cost of Materials₹618 cr
Purchases of Stock-in-Trade₹17 cr
Inventory Change (±)₹-29 cr
Employee Benefit Expense₹40 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹22 cr
Other Expenses₹209 cr
Total Expenses₹880 cr
Profit before Tax₹92 cr
Tax Expense₹24 cr
Net Profit₹68 cr
Net margin on total income7.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹606 cr62.3%
Employee benefit expense₹40 cr4.1%
Finance costs₹4 cr0.4%
Depreciation & amortisation₹22 cr2.2%
Other expenses₹209 cr21.5%
Tax expense₹24 cr2.5%
Profit for the period₹68 cr7.0%
Total income ₹972 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue719 cr735 cr968 cr
Total income722 cr738 cr972 cr
Expenses696 cr706 cr880 cr
Profit before tax26 cr32 cr92 cr
Tax40.5 L11 cr24 cr
Net profit (owners' share)25 cr22 cr68 cr
Net margin (owners' share, on revenue)3.5%2.9%7.0%
EPS (₹)0.920.772.44
YoY (latest quarter): total income +39.1% · net profit +216.6%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹3,446 cr
Shareholder equity
₹1,986 cr
parent shareholders
Total debt
₹541 cr
Cash
₹60 cr
Cash flow · H1 FY26
Operating
₹151 cr
Investing
₹-174 cr
Financing
₹52 cr
Peer comparison
Specialty Chemicals · by market value
CompanyPriceMarket capP/E
Pidilite Industries Limited₹1,552₹1.58 L cr45.3
Gujarat Fluorochemicals Limited₹4,472₹49,190 cr55.4
Navin Fluorine International Limited₹8,220₹42,169 cr43.3
Deepak Nitrite Limited₹1,605₹21,889 cr15.9
Aether Industries Limited₹1,623₹21,543 cr85.1
Atul Limited₹6,134₹18,057 cr18.4
Aarti Industries Limited₹477₹17,287 cr27.9
Fine Organic Industries Limited₹5,202₹15,949 cr28.9
BASF India Limited₹3,602₹15,591 cr11.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.17%
trailing 12 months
Dividend / share (TTM)
₹0.3
Last dividend
₹0.3
ex 21 Jul 2026
ActionDetailEx-date
Dividend₹0.3 / share21 Jul 2026
Dividend₹0.5 / share18 Jul 2025
Dividend₹0.6 / share19 Jul 2024
Dividend₹0.5 / share21 Jul 2023
Dividend₹0.7 / share18 Jul 2022
Dividend₹0.5 / share14 Jul 2021
Who owns it · 2026-06-30
No pledge
Promoter
69.3%
FII / Foreign
0.7%
DII / Domestic
3.8%
Retail / others
26.1%
Promoter stake down 3.0% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtRavi Goenka · Promoters5.40 L · ₹14.1 cr1 Mar 23
SoldManisha Goenka · Promoter Group5.40 L · ₹14.1 cr1 Mar 23
BoughtRavi Goenka · Promoters3.72 L23 Mar 22
Bulk / block deals
short · NSE116 Sep 26
short · NSE18 Sep 26
short · NSE25027 Jul 26
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 8 Mar 2026
See the official result
1
RE-APPOINTMENT OF DR. RAJIV BANAVALI (DIN 09128266) AS AN INDEPENDENT DIRECTOR OF THE COMPANY FOR THE 2ND TERM OF 2 YEARS
Backed by 99% of shareholders other than promotersneeded 75%
1.36 cr votes for, 1.46 L against · 1% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 7 named members
owning 69.3% between them · as of 2026-06-30
YELLOW STONE TRUST63.74%
MANISHA RAVI GOENKA3.20%
Brady Investments Pvt Ltd1.70%
RAVI VASUDEO GOENKA0.65%
RAJEEV VASUDEO GOENKA0.04%
HARSHVARDHAN RAVI GOENKAno shares
NIHARIKA RAVI GOENKAno shares
Business done with them
FY2026 · 5 of the group
The company paid ₹13 cr to companies in the promoter group last year — about 0.5% of its ₹2,847 cr revenue.
RAVI GOENKA
Other payments to them · Directors Remuneration, Dividend Paid
₹10 cr
company paid
HARSHVARDHAN GOENKA
Other payments to them · Directors Remuneration
₹2 cr
company paid
Manisha Goenka
Other payments to them · Dividend paid
₹44.4 L
company paid
BRADY INVESTMENTS PRIVATE LIMITED
Other payments to them · Commission & Other Expenses, Dividend Paid
also owns 1.70% of the company
₹34.5 L
company paid
RAJEEV GOENKA
Other payments to them · Sitting fees, Dividend paid
₹5.1 L
company paid

The company also transacted with 14 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it
1 fundraise spent differently than promised

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹259 cr raised in Oct 2023 by selling shares to large investors
⚑ company reported a change of plan

The company has not broken this money down into purposes in its filing for Jun 2026, so there is nothing to measure it against yet. India Ratings & Research (Fitch Group) watches the spending on the exchange’s behalf.

₹484 cr raised in Mar 2021 by selling shares to the public

The company has not broken this money down into purposes in its filing for Mar 2026, so there is nothing to measure it against yet. Axis Bank Limited watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.