MarketFriction

Laxmipati Engineering Works Ltd

BSE 537669 · Ship Building & Allied Services
₹428.45 -5.00%
BSE close2026-10-01
Market cap₹259 Cr.

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 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales6121513510172324262944
Expenses7171410610151921192237
Operating Profit-0-404-11333766
OPM %-2.8%-36%2.9%28%-22%8%15%15%13%27%22%15%
Other Income0-000000000024
Interest111122222221
Depreciation000011111111
Profit before tax-1-6-12-3-10105429
Tax %4%-2%5%9%5%11%37%17%36%-42%23%17%
Net Profit-1-6-22-3-10106324
EPS in Rs-1.77-9.82-2.713.11-5.88-2.330.211.130.1611.145.0142.00
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales33211121192815405072
Expenses2222918232416344059
Operating Profit110-123-54-061013
OPM %36%25%16%-67%18%16%-25%15%-2.0%15%20%18%
Other Income000-000-0000024
Interest000001233442
Depreciation000000011111
Profit before tax100-112-70-41533
Tax %27%32%29%1%19%19%-1%52%7%17%-39%18%
Net Profit100-112-70-51627
EPS in Rs1.010.520.09-1.961.762.96-11.600.40-8.221.3611.3047.01
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth39%31%68%44%
Compounded Profit Growth%13%22%-112%
Stock Price CAGR31%64%93%34%
Return on Equity-3%5%22%-4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital666666666666
Reserves55545700-4-4330
Borrowings44481213253138404517
Other Liabilities1101235454612
Total Liabilities151616182528364044466065
Fixed Assets121212141516172530303223
CWIP122224772227
Investments000000000000
Other Assets12238911912142635
Total Assets151616182528364044466065
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1-00-1-22-55-3325
Cash from Investing Activity-0-0-0-2-2-3-6-9-1-1-326
Cash from Financing Activity-1103401034-11-31
Net Cash Flow-0-0000-0-0-0-00-0-0
Free Cash Flow1-1-0-3-4-0-10-4-41-030
CFO/OP90%-31%22%136%-76%85%105%124%997%45%24%50%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days691501883301901141285376297380
Inventory Days5481,6692022795102031,075189330265
Days Payable6291,043301328515148364388172
Cash Conversion Cycle69691889569265122108787180322273
Working Capital Days-334-340-44957717710212151765310075
ROCE %6%4%2%-5%8%12%-18%10%-4%12%19%22%
Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Promoters72.46%72.46%72.46%72.46%72.46%72.46%72.46%72.46%72.46%73.45%73.45%73.45%
Public27.54%27.54%27.54%27.54%27.54%27.53%27.54%27.54%27.53%26.54%26.55%26.55%
No. of Shareholders86858380787882878898162168

Fundamentals

Market Cap₹ 259 Cr.
Current Price₹ 451
Book Value₹ 61.9
ROCE21.8 %
ROE-3.58 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)44%
Compounded Profit Growth (TTM)-112%
Standalone figures.
Valuation
Market capRs 246 Cr
Enterprise valueRs 263 Cr
P/E (TTM)9.11x
Price to book6.92x
Price to sales3.42x
EV / EBITDA7.18x
EV / EBIT7.46x
EV / sales3.65x
Price to cash flow47.39x
Earnings yield10.97%
P/E, 3-year average24.03x
P/B, 3-year average12.30x
P/E, 5-year average40.53x
P/B, 5-year average11.26x
Profitability
Operating margin (excl. other income)17.50%
Operating margin (incl. other income)50.92%
EBITDA margin50.92%
Pre-tax margin45.55%
Net profit margin37.56%
ROE122.41%
ROCE66.55%
ROA43.53%
ROE, 3-year average96.96%
ROCE, 3-year average32.30%
ROA, 3-year average19.18%
ROE, 5-year average33.11%
ROCE, 5-year average20.63%
ROA, 5-year average9.38%
ROIC (approx.)55.66%
Tax rate17.54%
Other income / net worth67.57%
Growth
Sales growth (latest year)43.78%
Profit growth (latest year)316.00%
Sales CAGR, 3 years67.90%
Sales CAGR, 5 years30.87%
Per share
EPS (TTM)Rs 47.01
EPS (latest year)Rs 47.01
EPS, 3-year averageRs 19.89
EPS, 5-year averageRs 10.37
Book value per shareRs 61.91
Sales per shareRs 125.16
Cash flow per shareRs 9.04
Free cash flow per shareRs 52.16
Efficiency
Asset turnover1.11x
Fixed asset turnover3.09x
Inventory turnover1.81x
Inventory days202 days
Debtor days79 days
Debtors turnover4.59x
Creditor days72 days
Cash conversion cycle273 days
Working capital days75 days
Leverage
Total debtRs 17 Cr
Cash and bankRs 0 Cr
Net debtRs 17 Cr
Debt to equity0.47x
Net debt / EBITDA0.45x
Interest coverage14.33x
Owners' fund to total sources55.03%
Debt to assets25.71%
Cash flow
Cash from Operating Activity (latest year)Rs 5 Cr
Cash from Investing Activity (latest year)Rs 26 Cr
Cash from Financing Activity (latest year)Rs -31 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 30 Cr
FCFE (approx.: FCF + change in debt)Rs 2 Cr
Cash from ops / profit, 5 years0.41x
Sales to cash flow13.84x
Statement figures
Net sales (TTM)Rs 72 Cr
Net sales (latest year)Rs 72 Cr
Operating profit excl. other income (latest year)Rs 13 Cr
Other income (TTM)Rs 24 Cr
EBITDA (TTM)Rs 37 Cr
PBDT (TTM)Rs 34 Cr
Profit before tax (TTM)Rs 33 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 27 Cr
Net profit (latest year)Rs 27 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 32 Cr
Total expenditure (latest year)Rs 59 Cr
Total income (latest year)Rs 96 Cr
Share capitalRs 6 Cr
ReservesRs 30 Cr
Shareholders' fundsRs 36 Cr
Total assetsRs 65 Cr
Net blockRs 23 Cr
Capital work in progressRs 7 Cr
ReceivablesRs 16 Cr
InventoryRs 18 Cr
Other liabilitiesRs 12 Cr
Shares outstanding (crore)0.58
Ownership
Promoter holding73.45% (+0.99 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 9.1 is at the 8th percentile of its own 3.3-year range (median 27.4, low 8.5, high 177.1).
P/B 6.92 is at the 57th percentile (median 3.54).
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.
Period537669Nifty 50Difference
1 week-3.6%-2.8% -0.8 pts
1 month-21.7%-6.8% -14.9 pts
3 years+583.3%+14.2% +569.2 pts
5 years+1012.9%+27.9% +985.0 pts

Red flags

F-score 6 of 8
explainWeak cash conversion Cash from operations was 30% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 34% of total assets in 2026
lookProfit leans on other income Other income was 73% 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

Mar 2026
Sales ₹44 Cr +91.3% vs Mar 2024. Net profit ₹24 Cr +2300.0%.

Activity

Compare
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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 Laxmipati Engineering Works Ltd?

Laxmipati Engineering Works Ltd (537669) has a market capitalisation of Rs 259 Cr. at the 2026-10-01 close.

What were Laxmipati Engineering Works Ltd's latest quarterly results?

In the Mar 2026 quarter, Laxmipati Engineering Works Ltd sales was Rs 44 Cr (+91.3% vs Mar 2024) and net profit was Rs 24 Cr.

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