LGHL

Laxmi Goldorna House Limited

Gold and jewellery retailer and real estate developer

Consumer Discretionary›Consumer Durables›Consumer Durables›Gems, Jewellery And Watches

laxmigroup.co

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Key metrics

Price as of 2026-10-16

Stock price

₹216.66

Market cap

1,085 Cr

Stock P/E

582.4

P/B

15.37

ROE (FY25)

16.2%

ROCE (FY25)

13.5%

Operating margin (FY25)

25.3%

Debt / equity (FY25)

1.57

OCF / EBITDA (FY26)

-70.6%

OCF / EBITDA (3Y)

-77.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Laxmi Goldorna House is an Ahmedabad-based company that sells gold jewellery and also sells commercial and residential property units.

Company snapshot

27thBy market cap

Ranked among 39 companies in Gems, Jewellery And Watches.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 67.5% of revenue

Segment	Revenue share	Revenue	PBT	Assets
Gold and Jewellery	67.5%	41 Cr	2 Cr	—
Real Estate	32.5%	20 Cr	15 Cr	—
unallocated	—	0 Cr	0 Cr	—

What we see

Concerns

✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

Metric	Dec 2023	Mar 2024	Jun 2024	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	27 Cr	127 Cr	16 Cr	22 Cr	22 Cr	28 Cr	29 Cr	25 Cr	24 Cr	27 Cr	37 Cr
Operating expenses (approx.)	22 Cr	118 Cr	13 Cr	15 Cr	15 Cr	22 Cr	23 Cr	17 Cr	18 Cr	29 Cr	33 Cr
EBITDA	5 Cr	9 Cr	3 Cr	7 Cr	7 Cr	5 Cr	5 Cr	8 Cr	6 Cr	-2 Cr	5 Cr
OPM %	18.2%	6.9%	19.7%	33.1%	30.4%	19.1%	18.1%	30.2%	23.5%	-7.2%	12.0%
Other income	0.0008 Cr	0.14 Cr	0.13 Cr	-0.13 Cr	0.0041 Cr	0.19 Cr	0.02 Cr	0.03 Cr	0.02 Cr	0.03 Cr	0.01 Cr
Interest	0.27 Cr	3 Cr	2 Cr	2 Cr	2 Cr	3 Cr	2 Cr	3 Cr	2 Cr	4 Cr	3 Cr
Depreciation	0.03 Cr	0.08 Cr	0 Cr	0.05 Cr	0.05 Cr	0.11 Cr	0.05 Cr	0.05 Cr	-0.0022 Cr	0.07 Cr	0.04 Cr
Profit before tax	6 Cr	5 Cr	2 Cr	5 Cr	5 Cr	3 Cr	3 Cr	5 Cr	4 Cr	-6 Cr	1 Cr
Tax %	61.7%	-0.3%	25.0%	20.6%	22.3%	77.5%	24.0%	18.5%	20.1%	-11.8%	22.0%
Net profit	2 Cr	5 Cr	1 Cr	4 Cr	4 Cr	0.68 Cr	2 Cr	4 Cr	3 Cr	-6 Cr	1 Cr
EPS (₹)	₹1.05	₹2.61	₹0.56	₹1.96	₹1.69	₹0.32	₹1.05	₹1.80	—	₹-1.23	₹0.23

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	51 Cr	70 Cr	73 Cr	202 Cr	88 Cr	104 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	51 Cr	68 Cr	71 Cr	185 Cr	65 Cr	88 Cr	Sign in free for the trailing twelve months
EBITDA	0.48 Cr	2 Cr	3 Cr	17 Cr	22 Cr	16 Cr	Sign in free for the trailing twelve months
OPM %	0.9%	2.3%	3.7%	8.6%	25.6%	15.8%	Sign in free for the trailing twelve months
Other income	0.95 Cr	0.0013 Cr	0.03 Cr	0.14 Cr	0.19 Cr	0.10 Cr	Sign in free for the trailing twelve months
Interest	0.37 Cr	0.99 Cr	2 Cr	4 Cr	9 Cr	11 Cr	Sign in free for the trailing twelve months
Depreciation	0.02 Cr	0.02 Cr	0.02 Cr	0.18 Cr	0.21 Cr	0.17 Cr	Sign in free for the trailing twelve months
Profit before tax	1 Cr	0.59 Cr	0.90 Cr	13 Cr	14 Cr	6 Cr	Sign in free for the trailing twelve months
Tax %	44.2%	25.5%	25.4%	27.1%	24.1%	24.6%	Sign in free for the trailing twelve months
Net profit	0.58 Cr	0.44 Cr	0.67 Cr	9 Cr	11 Cr	4 Cr	Sign in free for the trailing twelve months
EPS (₹)	—	₹0.31	₹0.44	₹4.54	₹5.07	₹0.88	Sign in free for the trailing twelve months
Dividend payout %	—	—	—	0.0%	0.0%	0.0%	Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2024	Mar 2025	Mar 2026
Equity capital	0.66 Cr	15 Cr	15 Cr	21 Cr	21 Cr	50 Cr
Reserves	4 Cr	7 Cr	7 Cr	25 Cr	44 Cr	21 Cr
Borrowings	5 Cr	16 Cr	15 Cr	53 Cr	81 Cr	108 Cr
Other liabilities	0.51 Cr	1 Cr	1 Cr	10 Cr	14 Cr	18 Cr
Total liabilities	10 Cr	39 Cr	39 Cr	108 Cr	160 Cr	197 Cr
Fixed assets (net)	0.07 Cr	0.05 Cr	0.03 Cr	0.79 Cr	0.62 Cr	0.47 Cr
CWIP	—	—	—	—	—	—
Investments	0 Cr	0.12 Cr	0.08 Cr	15 Cr	21 Cr	27 Cr
Loans & advances	—	—	—	3 Cr	13 Cr	3 Cr
Inventories	8 Cr	30 Cr	32 Cr	52 Cr	93 Cr	137 Cr
Trade receivables	0 Cr	7 Cr	6 Cr	35 Cr	29 Cr	27 Cr
Cash & bank	0.65 Cr	0.23 Cr	0.15 Cr	0.22 Cr	0.25 Cr	0.20 Cr
Other assets	1 Cr	1 Cr	1 Cr	1 Cr	3 Cr	2 Cr
Total assets	10 Cr	39 Cr	39 Cr	108 Cr	160 Cr	197 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	0.30 Cr	-22 Cr	3 Cr	-9 Cr	-24 Cr	-12 Cr
Cash from investing	0 Cr	-0.12 Cr	0.04 Cr	-8 Cr	3 Cr	-5 Cr
Cash from financing	0.21 Cr	22 Cr	-3 Cr	17 Cr	20 Cr	17 Cr
Net cash flow	0.52 Cr	-0.41 Cr	-0.08 Cr	0.04 Cr	-0.48 Cr	-0.05 Cr
Free cash flow (OCF − Capex)	—	-22 Cr	—	-9 Cr	-24 Cr	-12 Cr

Ratios

Metric	Mar 2025
ROCE %	13.5%
ROE %	16.2%
Debtor days	119
Inventory days	407
Days payable	32
Cash conversion cycle	495
OCF / EBITDA %	-198.6%
Debt / equity	1.57
Current ratio	3.52
Net debt / EBITDA	4.53