LXCHEM

Laxmi Organic Industries Limited

Specialty chemicals manufacturer with life-sciences intermediates and products

Commodities›Chemicals›Chemicals & Petrochemicals›Specialty Chemicals

laxmi.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹179.02
Market cap
4,968 Cr
Stock P/E
39.5
P/B
2.50
Dividend yield
0.3%
ROE (FY26)
4.0%
ROCE (FY26)
4.4%
Operating margin (FY26)
3.3%
Debt / equity (FY26)
0.27
OCF / EBITDA (FY26)
105.0%
OCF / EBITDA (3Y)
120.2%

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 Organic Industries makes acetyl-based commodity chemicals such as ethyl acetate and acetic anhydride (its Essentials business) and higher-value diketene-based specialty chemicals (its Specialties business), sold to industrial customers in India and overseas.

Company snapshot

23rdBy market cap

Ranked among 68 companies in Specialty Chemicals.

What we see

Positives
  • ✓120% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is very thin at 2.8% — little room for error if costs rise.
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Statement tables · Consolidated

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

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales652 Cr694 Cr792 Cr718 Cr771 Cr786 Cr710 Cr693 Cr700 Cr719 Cr735 Cr968 Cr
Operating expenses (approx.)613 Cr642 Cr702 Cr647 Cr697 Cr712 Cr651 Cr662 Cr663 Cr669 Cr682 Cr854 Cr
EBITDA39 Cr52 Cr90 Cr71 Cr75 Cr75 Cr59 Cr31 Cr37 Cr50 Cr54 Cr114 Cr
OPM %6.0%7.5%11.4%9.9%9.7%9.5%8.3%4.4%5.3%6.9%7.3%11.8%
Other income8 Cr5 Cr8 Cr12 Cr7 Cr6 Cr1 Cr6 Cr4 Cr3 Cr3 Cr3 Cr
Interest2 Cr0.52 Cr-0.63 Cr3 Cr8 Cr2 Cr7 Cr5 Cr6 Cr7 Cr5 Cr4 Cr
Depreciation28 Cr28 Cr31 Cr26 Cr27 Cr31 Cr40 Cr17 Cr20 Cr20 Cr19 Cr22 Cr
Profit before tax18 Cr30 Cr68 Cr54 Cr46 Cr47 Cr13 Cr14 Cr15 Cr26 Cr32 Cr92 Cr
Tax %38.9%8.0%34.8%36.4%39.3%37.7%-64.3%-50.7%28.9%1.6%33.6%26.2%
Net profit11 Cr27 Cr44 Cr34 Cr28 Cr29 Cr22 Cr21 Cr11 Cr25 Cr22 Cr68 Cr
EPS (₹)₹0.41₹0.99₹1.63₹1.24₹1.01₹1.06₹0.79₹0.77₹0.41₹0.92₹0.77₹2.44

Profit & loss (annual)

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

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,393 Cr1,569 Cr1,534 Cr1,768 Cr3,084 Cr2,797 Cr2,865 Cr2,985 Cr2,847 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,242 Cr1,415 Cr1,421 Cr1,552 Cr2,716 Cr2,552 Cr2,609 Cr2,706 Cr2,675 CrSign in free for the trailing twelve months
EBITDA151 Cr153 Cr114 Cr217 Cr368 Cr245 Cr256 Cr280 Cr171 CrSign in free for the trailing twelve months
OPM %10.9%9.8%7.4%12.3%11.9%8.7%8.9%9.4%6.0%Sign in free for the trailing twelve months
Other income3 Cr6 Cr4 Cr5 Cr15 Cr12 Cr28 Cr25 Cr15 CrSign in free for the trailing twelve months
Interest10 Cr17 Cr14 Cr16 Cr15 Cr11 Cr7 Cr20 Cr22 CrSign in free for the trailing twelve months
Depreciation31 Cr44 Cr49 Cr47 Cr49 Cr72 Cr107 Cr124 Cr77 CrSign in free for the trailing twelve months
Profit before tax113 Cr98 Cr81 Cr158 Cr318 Cr173 Cr171 Cr161 Cr88 CrSign in free for the trailing twelve months
Tax %33.2%25.8%13.1%19.8%19.3%27.9%29.4%29.3%9.8%Sign in free for the trailing twelve months
Net profit76 Cr72 Cr70 Cr127 Cr256 Cr125 Cr121 Cr114 Cr79 CrSign in free for the trailing twelve months
EPS (₹)₹3.03₹2.89₹2.86₹5.59₹9.72₹4.70₹4.46₹4.10₹2.87Sign in free for the trailing twelve months
Dividend payout %———6.2%5.1%14.9%11.0%14.6%17.5%Sign in free for the trailing twelve months
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

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital10 Cr50 Cr45 Cr53 Cr53 Cr53 Cr55 Cr55 Cr55 Cr
Reserves369 Cr400 Cr382 Cr982 Cr1,248 Cr1,359 Cr1,742 Cr1,851 Cr1,930 Cr
Borrowings192 Cr141 Cr124 Cr91 Cr133 Cr397 Cr136 Cr253 Cr541 Cr
Other liabilities323 Cr423 Cr520 Cr712 Cr833 Cr603 Cr893 Cr884 Cr919 Cr
Total liabilities895 Cr1,014 Cr1,071 Cr1,837 Cr2,268 Cr2,412 Cr2,827 Cr3,045 Cr3,446 Cr
Fixed assets (net)277 Cr331 Cr326 Cr324 Cr390 Cr714 Cr871 Cr1,166 Cr1,480 Cr
CWIP30 Cr31 Cr67 Cr148 Cr374 Cr447 Cr444 Cr398 Cr652 Cr
Investments———3 Cr5 Cr23 Cr126 Cr148 Cr37 Cr
Loans & advances———3 Cr1 Cr0 Cr0 Cr0 Cr0 Cr
Inventories146 Cr171 Cr152 Cr203 Cr374 Cr294 Cr283 Cr378 Cr365 Cr
Trade receivables324 Cr326 Cr359 Cr434 Cr668 Cr570 Cr583 Cr538 Cr524 Cr
Cash & bank5 Cr8 Cr24 Cr31 Cr33 Cr81 Cr111 Cr42 Cr60 Cr
Other assets112 Cr148 Cr142 Cr691 Cr422 Cr283 Cr409 Cr375 Cr328 Cr
Total assets895 Cr1,014 Cr1,071 Cr1,837 Cr2,268 Cr2,412 Cr2,827 Cr3,045 Cr3,446 Cr

Cash flows

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

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-7 Cr188 Cr196 Cr123 Cr46 Cr199 Cr562 Cr108 Cr180 Cr
Cash from investing-85 Cr-123 Cr-56 Cr-643 Cr74 Cr-384 Cr-490 Cr-268 Cr-404 Cr
Cash from financing85 Cr-63 Cr-124 Cr527 Cr-124 Cr232 Cr-42 Cr90 Cr247 Cr
Net cash flow-7 Cr2 Cr16 Cr6 Cr-5 Cr47 Cr30 Cr-70 Cr24 Cr
Free cash flow (OCF − Capex)-95 Cr90 Cr119 Cr7 Cr-243 Cr-277 Cr314 Cr-286 Cr-423 Cr

Ratios

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %21.5%19.4%17.2%15.5%23.2%10.2%9.2%8.4%4.4%
ROE %19.9%16.1%16.4%12.3%19.7%8.8%6.7%6.0%4.0%
Debtor days857686897974746667
Inventory days817071917964567272
Days payable119129192214151102150132143
Cash conversion cycle4716-36-33737-205-5
OCF / EBITDA %-4.5%122.4%172.6%56.5%12.4%81.4%219.6%38.6%105.0%
OCF / EBITDA % (3 years)——90.1%104.7%52.2%44.3%92.9%111.4%120.2%
Debt / equity0.510.310.290.090.100.280.080.130.27
Current ratio1.261.361.221.701.581.471.661.341.36
Net debt / EBITDA1.230.870.880.280.271.290.100.762.80