Laxmi Organic Industries Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹4,446 Cr
- P/E
- 35.37
- ROE
- 4.11%
- PEG
- -2.59
- Price to sales
- 1.42
- Debt to equity
- 0.27
- 52W high / low
- ₹203 / ₹108
- Sales growth (5Y)
- 9.99%
- EBITDA margin
- 8.17%
- Net profit margin
- 2.81%
- Promoter holding
- 69.16%
- Sales (last year)
- ₹3,122 Cr
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
Guidance scorecard · Q1 FY27 call
What Laxmi Organic Industries Ltd's management guided
and where it ranks in Chemicals & Petrochemicals
Chemicals & Petrochemicals
RevenueQ1 FY27 call
20–40%- Specialty business shows positive momentum with key products growing; ramp-up expected in FY28 and FY29 with Dahej Phase 2 commissioning.
- Dahej project Phase 2 expected to complete mechanical stabilization by Q3 FY27, contributing to revenue in FY28.
- Essentials business revenue grew 50% YoY in Q1 FY27, with a 10% volume growth and price/product mix contributing to the rest.
- Volume growth for Essentials segment in Q1 FY27 was double-digit; guidance on future volume growth points to capacity absorption by FY28/FY29.
- Company expects to ramp up new capacities steadily, with utilization improving over the next 1-2 years.
2 more points from Laxmi Organic Industries Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Laxmi Organic Industries Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- The Dahej project (Phase 1 capitalized; Phase 2 nearing completion) is the key ongoing capital investment.
- Phase 2 capitalization (around 85% of total Dahej capex) expected in Q2 FY27.
- Full-year capex estimate (including Dahej) is between INR 125-150 crores for FY27.
- Post commissioning of Dahej Phase 2, depreciation will increase by approximately INR 7-7.5 crores per quarter.
2 more points from Laxmi Organic Industries Ltd's call on capex
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FundraisingQ1 FY27 call
None plannedSee what Laxmi Organic Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- The company highlights a "very robust pipeline" in their specialty business, indicating strong ongoing product development and potential future orders.
- For the Dahej Phase 2 project, the company expects mechanical completion and stabilization in Q3 FY27 with ramp-up and revenue contribution anticipated from FY28 onwards.
- The Specialty segment, especially diketene derivatives, is seeing positive momentum and customer demand, implying a healthy order flow.
- The Essentials business is described as agile and strong, with ongoing customer support during volatile market conditions, suggesting steady order inflow.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Chemicals & Petrochemicals
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Chemicals & Petrochemicals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹263 Cr | 3.4 | |
| 2 | 40%+ | Flat | ₹4,375 Cr | 83.7 | |
| 3 | 40%+ | Flat | ₹3,259 Cr | 4.0 | |
| 4 | 40%+ | Flat | ₹145 Cr | 15.9 | |
| 5 | 20–40% | Up 2%+ | ₹1.81L Cr | 90.9 | |
| 6 | 20–40% | Up 2%+ | ₹48,366 Cr | 78.3 |
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Pro shows every company guiding 40%+ revenue growth →Full Chemicals & Petrochemicals rankingFinancials of Laxmi Organic Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Laxmi Organic Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 730 | 729 | 652 | 694 | 792 | 718 | 771 | 786 | 710 | 693 | 700 | 719 | 735 |
| Expenses + | 672 | 652 | 613 | 642 | 702 | 647 | 697 | 712 | 651 | 662 | 663 | 669 | 682 |
| Operating Profit | 58 | 77 | 39 | 52 | 90 | 71 | 75 | 75 | 59 | 31 | 37 | 50 | 54 |
| OPM % | 8% | 11% | 6% | 8% | 11% | 10% | 10% | 10% | 8% | 4% | 5% | 7% | 7% |
| Other Income + | 7 | 4 | 8 | 5 | 8 | 12 | 7 | 6 | 1 | 6 | 4 | 3 | 3 |
| Interest | -1 | 5 | 2 | 1 | -1 | 3 | 8 | 2 | 7 | 5 | 6 | 7 | 5 |
| Depreciation | 23 | 21 | 28 | 28 | 31 | 26 | 27 | 31 | 40 | 17 | 20 | 20 | 19 |
| Profit before tax | 43 | 56 | 18 | 30 | 68 | 54 | 46 | 47 | 13 | 14 | 16 | 26 | 32 |
| Tax % | 43% | 31% | 39% | 8% | 35% | 36% | 39% | 38% | -64% | -51% | 29% | 2% | 34% |
| Net Profit + | 24 | 38 | 11 | 27 | 44 | 34 | 28 | 29 | 22 | 21 | 11 | 25 | 22 |
| EPS in Rs | 0.92 | 1.44 | 0.40 | 0.99 | 1.61 | 1.24 | 1.02 | 1.06 | 0.79 | 0.77 | 0.40 | 0.92 | 0.78 |
Financials of Laxmi Organic Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,074 | 1,047 | 1,076 | 1,376 | 1,569 | 1,534 | 1,768 | 3,084 | 2,797 | 2,865 | 2,985 | 2,847 |
| Expenses + | 988 | 966 | 957 | 1,222 | 1,414 | 1,418 | 1,548 | 2,713 | 2,548 | 2,609 | 2,699 | 2,675 |
| Operating Profit | 86 | 80 | 119 | 154 | 155 | 117 | 220 | 371 | 248 | 256 | 286 | 171 |
| OPM % | 8% | 8% | 11% | 11% | 10% | 8% | 12% | 12% | 9% | 9% | 10% | 6% |
| Other Income + | 1 | 2 | 2 | 3 | 6 | 30 | 4 | 15 | 12 | 28 | 19 | 15 |
| Interest | 26 | 19 | 11 | 12 | 19 | 17 | 19 | 19 | 15 | 7 | 20 | 22 |
| Depreciation | 30 | 29 | 28 | 31 | 44 | 49 | 47 | 49 | 72 | 107 | 124 | 77 |
| Profit before tax | 31 | 34 | 82 | 113 | 98 | 81 | 158 | 318 | 173 | 171 | 161 | 88 |
| Tax % | 31% | 22% | 13% | 33% | 26% | 13% | 20% | 19% | 28% | 29% | 29% | 10% |
| Net Profit + | 21 | 27 | 72 | 76 | 72 | 70 | 127 | 256 | 125 | 121 | 114 | 79 |
| EPS in Rs | 21.12 | 26.56 | 71.50 | 75.63 | 14.46 | 15.57 | 4.82 | 9.72 | 4.70 | 4.37 | 4.10 | 2.86 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 11% | 10% | 7% | 11% | 14% | 12% | 0% |
Financials of Laxmi Organic Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 50 | 45 | 53 | 53 | 53 | 55 | 55 | 55 |
| Reserves | 199 | 225 | 295 | 369 | 400 | 382 | 982 | 1,248 | 1,359 | 1,742 | 1,851 | 1,930 |
| Borrowings + | 249 | 221 | 104 | 215 | 175 | 159 | 149 | 139 | 406 | 143 | 258 | 543 |
| Other Liabilities + | 152 | 176 | 240 | 300 | 389 | 484 | 654 | 825 | 595 | 887 | 880 | 917 |
| Total Liabilities | 610 | 632 | 649 | 895 | 1,014 | 1,069 | 1,838 | 2,265 | 2,412 | 2,827 | 3,045 | 3,446 |
| Fixed Assets + | 226 | 215 | 202 | 293 | 346 | 338 | 325 | 394 | 715 | 879 | 1,166 | 1,481 |
| CWIP | 25 | 40 | 61 | 30 | 31 | 67 | 148 | 374 | 447 | 444 | 398 | 652 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 5 | 23 | 126 | 148 | 37 |
| Other Assets + | 358 | 377 | 386 | 571 | 637 | 664 | 1,361 | 1,492 | 1,228 | 1,378 | 1,332 | 1,276 |
| Total Assets | 610 | 632 | 649 | 895 | 1,014 | 1,069 | 1,838 | 2,265 | 2,412 | 2,827 | 3,045 | 3,446 |
Financials of Laxmi Organic Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 80 | 150 | -7 | 188 | 196 | 106 | 46 | 199 | 561 | 108 | 175 | |
| Cash from Investing Activity + | -21 | -37 | -85 | -123 | -56 | -641 | 95 | -384 | -490 | -268 | -404 | |
| Cash from Financing Activity + | -57 | -107 | 85 | -63 | -123 | 527 | -124 | 232 | -42 | 90 | 247 | |
| Net Cash Flow | 1 | 6 | -7 | 2 | 16 | -7 | 16 | 47 | 30 | -70 | 18 | |
| Free Cash Flow | 53 | 114 | -95 | 90 | 118 | -10 | -243 | -277 | 314 | -286 | -427 | |
| CFO/OP | 90% | 113% | 13% | 139% | 181% | 60% | 27% | 100% | 234% | 47% | 108% |
Financials of Laxmi Organic Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 64 | 67 | 79 | 86 | 76 | 86 | 90 | 79 | 74 | 74 | 66 | 67 |
| Inventory Days | 37 | 57 | 37 | 55 | 57 | 51 | 63 | 65 | 58 | 54 | 71 | 70 |
| Days Payable | 52 | 67 | 85 | 81 | 105 | 138 | 148 | 123 | 92 | 145 | 131 | 140 |
| Cash Conversion Cycle | 49 | 56 | 30 | 60 | 28 | -1 | 5 | 21 | 41 | -16 | 6 | -3 |
| Working Capital Days | 65 | 66 | 36 | 28 | 28 | 17 | -1 | 42 | 31 | 19 | 12 | 35 |
| ROCE % | 12% | 22% | 25% | 19% | 12% | 20% | 26% | 11% | 9% | 9% | 5% |
Guidance history
How Laxmi Organic Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | None planned | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
24 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −21.3% | 35% |
| Last 6 months | +10.8% | 67% |
| Last 3 months | −12.2% | 35% |
The price is 70.9% below its all-time high of ₹549.35 (8 Oct 2021). Stocks more than 20% below their peak have their score halved, so 48 became 24.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Laxmi Organic Industries Ltd: 0.4 × 35 + 0.4 × 67 + 0.2 × 35 = 48, halved to 24 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Laxmi Organic Industries Ltd's management said in earlier quarters
- Q3 FY25 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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