MarketFriction

Dhanlaxmi Cotex Ltd

BSE 512485 · Trading & Distributors
₹128.30 -4.96%
BSE close2026-10-01
Market cap₹65.8 Cr.
P/E286

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales12.563.663.754.217.242.310.871.584.364.822.525.84
Expenses12.403.204.233.555.582.602.202.074.464.843.026.35
Operating Profit0.160.46-0.480.661.66-0.29-1.33-0.49-0.10-0.02-0.50-0.51
OPM %1.27%12.57%-12.80%15.68%22.93%-12.55%-152.87%-31.01%-2.29%-0.41%-19.84%-8.73%
Other Income0.990.760.090.951.984.26-0.74-0.230.400.910.360.12
Interest0.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.030.020.010.010.030.030.030.030.030.090.110.12
Profit before tax1.121.20-0.401.603.613.94-2.10-0.750.270.80-0.25-0.51
Tax %18.75%23.33%0.00%16.25%8.03%14.47%0.00%0.00%0.00%12.50%-12.00%1.96%
Net Profit0.920.92-0.401.333.323.38-2.09-0.750.270.70-0.22-0.52
EPS in Rs1.891.89-0.822.736.826.94-4.29-1.540.551.44-0.45-1.07
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales24.5014.7030.185.859.886.8822.2425.3228.7214.2113.2817.54
Expenses24.9813.8530.365.436.236.4518.3324.8425.1313.5014.3518.67
Operating Profit-0.480.85-0.180.423.650.433.910.483.590.71-1.07-1.13
OPM %-1.96%5.78%-0.60%7.18%36.94%6.25%17.58%1.90%12.50%5.00%-8.06%-6.44%
Other Income0.890.001.620.050.00-0.130.00-0.01-0.056.451.401.79
Interest0.180.430.370.050.000.020.000.010.010.010.000.00
Depreciation0.000.000.000.000.000.000.040.110.090.090.250.35
Profit before tax0.230.421.070.423.650.283.870.353.447.060.080.31
Tax %8.70%11.90%15.89%11.90%9.86%0.00%14.21%34.29%16.28%17.99%0.00%
Net Profit0.210.370.890.373.290.283.310.242.895.790.080.23
EPS in Rs0.430.761.830.766.750.576.790.495.9311.890.160.47
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-6%14%-19%46%
Compounded Profit Growth-5%-23%-22%-94%
Stock Price CAGR%58%23%-28%
Return on Equity4%4%4%0%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4.874.874.874.874.874.874.874.874.874.874.874.87
Reserves25.7625.9730.2731.4031.2417.4430.9841.3844.5166.7868.0564.42
Borrowings0.000.000.000.000.000.250.000.000.000.000.000.28
Other Liabilities0.080.080.080.350.080.160.070.270.750.150.180.10
Total Liabilities30.7130.9235.2236.6236.1922.7235.9246.5250.1371.8073.1069.67
Fixed Assets0.000.000.000.000.000.000.000.780.730.218.5711.93
CWIP0.000.000.000.000.000.000.000.000.000.000.070.00
Investments6.535.9712.6316.1617.399.9512.5815.5816.4837.8034.5430.27
Other Assets24.1824.9522.5920.4618.8012.7723.3430.1632.9233.7929.9227.47
Total Assets30.7130.9235.2236.6236.1922.7235.9246.5250.1371.8073.1069.67
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-2.28-4.136.71-5.620.72-9.21-3.11-6.13-3.6813.991.89-2.04
Cash from Investing Activity2.284.11-1.70-0.29-0.818.754.846.224.23-15.76-2.071.40
Cash from Financing Activity0.000.000.000.000.000.00-0.020.000.000.000.000.28
Net Cash Flow0.00-0.015.00-5.91-0.09-0.451.710.100.56-1.77-0.18-0.36
Free Cash Flow-2.27-4.133.98-8.920.72-9.21-3.11-6.94-3.8913.971.89-1.97
CFO/OP-116%856%795%3,028%183%-252%-591%-137%-694%408%432%190%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days70.2114.9024.583.028.110.000.000.006.9210.428.9938.48
Inventory Days122.72304.04401.01178.981,426.23444.04960.91546.09471.69428.56720.19579.23
Days Payable0.000.000.002.680.000.720.005.6311.072.052.370.30
Cash Conversion Cycle192.93318.94425.59179.321,434.34443.32960.91540.46467.54436.94726.81617.40
Working Capital Days243.64313.90392.31233.421,113.72215.75806.40413.74425.83409.86734.88725.33
ROCE %5.20%1.33%2.58%4.03%1.30%12.44%1.61%9.43%0.77%5.78%9.78%0.15%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters68.37%68.37%68.58%68.58%68.58%68.58%68.62%68.62%68.62%68.62%68.62%68.62%
DIIs0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%
Public31.53%31.53%31.32%31.32%31.31%31.32%31.28%31.27%31.28%31.27%31.27%31.27%
No. of Shareholders1,8191,8391,8551,8451,8421,8992,0191,9721,9481,9231,9071,893

Fundamentals

Market Cap₹ 65.8 Cr.
Current Price₹ 135
Stock P/E286
Book Value₹ 142
ROCE0.15 %
ROE0.17 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)46%
Compounded Profit Growth (TTM)-94%
Standalone figures.
Valuation
Market capRs 62 Cr
Enterprise valueRs 63 Cr
P/E (TTM)271.74x
Price to book0.90x
Price to sales3.56x
EV / EBITDA94.89x
EV / EBIT202.03x
EV / sales3.57x
Earnings yield0.37%
P/E, 3-year average219.25x
P/B, 3-year average1.12x
P/E, 5-year average170.44x
P/B, 5-year average1.03x
Profitability
Operating margin (excl. other income)-8.06%
Operating margin (incl. other income)2.48%
EBITDA margin3.76%
Pre-tax margin1.77%
Net profit margin1.31%
Net margin, latest quarter-8.90%
ROE0.11%
ROCE0.11%
ROA0.11%
ROE, 3-year average4.30%
ROCE, 3-year average5.20%
ROA, 3-year average4.28%
ROE, 5-year average4.29%
ROCE, 5-year average5.15%
ROA, 5-year average4.27%
ROIC (approx.)0.45%
Other income / net worth2.02%
Growth
Sales growth (latest year)-6.54%
Profit growth (latest year)-98.62%
Sales CAGR, 3 years-19.35%
Sales CAGR, 5 years14.06%
Profit CAGR, 3 years-30.66%
Profit CAGR, 5 years-22.16%
Sales growth QoQ131.75%
Sales growth YoY (latest quarter)269.62%
Per share
EPS (TTM)Rs 0.47
EPS (latest year)Rs 0.16
EPS (latest quarter)Rs -1.07
EPS, 3-year averageRs 5.99
EPS, 5-year averageRs 5.05
Book value per shareRs 142.24
Sales per shareRs 36.01
Cash flow per shareRs -4.19
Free cash flow per shareRs -4.04
Efficiency
Asset turnover0.19x
Fixed asset turnover1.11x
Inventory turnover0.64x
Inventory days573 days
Debtor days38 days
Debtors turnover9.49x
Creditor days0 days
Cash conversion cycle617 days
Working capital days725 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 0 Cr
Net debtRs 0 Cr
Debt to equity0.00x
Net debt / EBITDA0.20x
Owners' fund to total sources99.45%
Debt to assets0.40%
Cash flow
Cash from Operating Activity (latest year)Rs -2 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs 0 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -2 Cr
Cash from ops / profit, 5 years0.33x
Statement figures
Net sales (TTM)Rs 18 Cr
Net sales (latest year)Rs 13 Cr
Sales (latest quarter)Rs 6 Cr
Operating profit excl. other income (latest year)Rs -1 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Cost of goods sold (latest year)Rs 12 Cr
Total expenditure (latest year)Rs 14 Cr
Total income (latest year)Rs 15 Cr
Share capitalRs 5 Cr
ReservesRs 64 Cr
Shareholders' fundsRs 69 Cr
Total assetsRs 70 Cr
Net blockRs 12 Cr
InvestmentsRs 30 Cr
ReceivablesRs 1 Cr
InventoryRs 19 Cr
Other liabilitiesRs 0 Cr
Shares outstanding (crore)0.49
Ownership
Promoter holding68.62% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 271.7 is at the 96th percentile of its own 6.3-year range (median 21.1, low 1.7, high 313.5).
P/B 0.90 is at the 67th percentile (median 0.72).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period512485Nifty 50Difference
1 week-9.7%-2.8% -7.0 pts
1 month+12.9%-6.8% +19.7 pts
3 years+75.8%+14.2% +61.6 pts
5 years+792.2%+27.9% +764.3 pts

Red flags

F-score 2 of 8
explainReceivables outrunning sales Receivables grew 300% vs sales -7% in 2026
lookProfit leans on other income Other income was 1750% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹6 Cr +269.6% vs Jun 2025. Net loss ₹1 Cr.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Dhanlaxmi Cotex Ltd?

Dhanlaxmi Cotex Ltd (512485) has a market capitalisation of Rs 65.8 Cr. at the 2026-10-01 close.

What is the P/E ratio of Dhanlaxmi Cotex Ltd?

Dhanlaxmi Cotex Ltd trades at a P/E of 286 on trailing twelve-month profit, at the 2026-10-01 close.

What were Dhanlaxmi Cotex Ltd's latest quarterly results?

In the Jun 2026 quarter, Dhanlaxmi Cotex Ltd sales was Rs 6 Cr (+269.6% vs Jun 2025) with a net loss of Rs 1 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03