MarketFriction

Lancor Holdings Ltd

NSE LANCORHOL · BSE 509048 · Residential, Commercial Projects
₹31.59 -3.78%
NSE close2026-10-01
52 week range18.12 - 41.75
Market cap₹242 Cr.
P/E4.20
ESM Price band 5%

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

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales353144355746524134381845
Expenses302635264543443531323237
Operating Profit65991237626-148
OPM %16%17%21%26%21%7%14%16%7%16%-79%18%
Other Income00-000111117119
Interest334455666666
Depreciation100111111111
Profit before tax32546-100-3-05021
Tax %26%34%38%35%40%99%95%8%-20%567%13%17%
Net Profit21334-200-3-04317
EPS in Rs0.310.210.490.400.52-0.280.000.02-0.34-0.035.852.35
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales958375925852103115138190131135
Expenses5941486439399793114159131133
Operating Profit364127281913622253212
OPM %38%50%36%30%33%25%6%19%18%17%0.6%1.6%
Other Income11113101127492
Interest212120222728262013202424
Depreciation232221222343
Profit before tax141975-7-15-21110104767
Tax %20%16%15%44%-13%-24%-18%136%35%54%13%
Net Profit111663-6-12-17-0754058
EPS in Rs1.812.590.950.47-0.95-1.90-2.79-0.061.110.645.507.83
Dividend Payout %37%5%14%28%0%0%0%0%18%31%5%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth3%20%5%-31%
Compounded Profit Growth14%41%395%2952%
Stock Price CAGR7%28%-3%48%
Return on Equity3%4%10%19%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital488888888121515
Reserves133135151156158151140123123125181225
Borrowings19320315116016519820617411095153107
Other Liabilities505122202221202764887279
Total Liabilities381397332344353378374332305320421425
Fixed Assets849153545048474847475626
CWIP35323024434600
Investments011101101110
Other Assets261272274290301326322281254266364399
Total Assets381397332344353378374332305320421425
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity7212113-1019588829-6910
Cash from Investing Activity1-18089-2-1-1-2-2-978
Cash from Financing Activity-12-22-77-11-167-20-56-84-2989-82
Net Cash Flow-4-25-26-5-212-2115
Free Cash Flow72081921-1218578625-7485
CFO/OP30%73%9%12%51%-50%144%969%395%122%-211%1,865%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days45313281534633940374635
Inventory Days13,3746,3024,8686,3571,2292,8941,5511,339
Days Payable6421711011403724220568
Cash Conversion Cycle412,7856,1444,79615346,2801,2312,6911,383461,306
Working Capital Days3494884886608101,209993455308235373638
ROCE %16%10%12%8%8%6%4%1%8%10%10%21%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters62.08%62.08%62.08%51.67%51.67%51.66%51.66%51.66%51.28%51.28%51.32%51.32%
FIIs0.00%0.00%0.00%1.56%1.45%1.47%1.46%0.07%0.00%0.00%0.00%0.00%
DIIs0.00%0.00%0.00%0.74%0.74%0.74%0.74%0.00%0.00%0.00%0.00%0.00%
Public37.93%37.92%37.92%46.03%46.14%46.13%46.14%48.26%48.73%48.72%48.70%48.71%
No. of Shareholders7,0386,4047,2198,2289,39210,33410,92811,61712,52811,95111,45311,182

Fundamentals

Market Cap₹ 242 Cr.
Current Price₹ 33.6
Stock P/E4.20
Book Value₹ 32.5
ROCE20.5 %
ROE18.7 %
Dividend Yield0.60 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-31%
Compounded Profit Growth (TTM)2952%
Consolidated figures.
Valuation
Market capRs 228 Cr
Enterprise valueRs 314 Cr
P/E (TTM)3.96x
Price to book0.95x
Price to sales1.69x
EV / EBITDA3.33x
EV / EBIT3.45x
EV / sales2.33x
Price to cash flow23.15x
Earnings yield25.28%
Dividend yield0.97%
P/E, 3-year average39.50x
P/B, 3-year average1.51x
P/E, 5-year average39.50x
P/B, 5-year average1.03x
Profitability
Operating margin (excl. other income)0.56%
Operating margin (incl. other income)56.82%
EBITDA margin69.92%
Pre-tax margin49.83%
Net profit margin42.74%
Net margin, latest quarter38.62%
ROE18.60%
ROCE20.44%
ROA9.56%
ROE, 3-year average8.81%
ROCE, 3-year average13.63%
ROA, 3-year average4.33%
ROE, 5-year average2.80%
ROCE, 5-year average10.01%
ROA, 5-year average1.61%
ROIC (approx.)24.33%
Tax rate13.09%
Other income / net worth30.86%
Growth
Sales growth (latest year)-31.01%
Profit growth (latest year)766.17%
Sales CAGR, 3 years4.53%
Sales CAGR, 5 years20.28%
Sales growth QoQ150.11%
Profit growth QoQ-59.93%
Sales growth YoY (latest quarter)8.45%
Profit growth YoY (latest quarter)14275.00%
Per share
EPS (TTM)Rs 7.99
EPS (latest quarter)Rs 2.39
EPS, 3-year averageRs 0.88
EPS, 5-year averageRs -0.63
Book value per shareRs 33.19
Sales per shareRs 18.69
Cash flow per shareRs 1.36
Free cash flow per shareRs 11.79
Dividend per share, 3-year averageRs 0.20
Dividend per share, 5-year averageRs 0.20
Dividends
Dividend payout5.46%
Dividend payout, 3-year average18.27%
Dividend payout, 5-year average18.27%
Efficiency
Asset turnover0.31x
Fixed asset turnover5.08x
Inventory turnover0.27x
Inventory days1339 days
Debtor days35 days
Debtors turnover10.54x
Creditor days68 days
Cash conversion cycle1306 days
Working capital days638 days
Leverage
Total debtRs 107 Cr
Cash and bankRs 21 Cr
Net debtRs 86 Cr
Debt to equity0.45x
Net debt / EBITDA0.91x
Interest coverage3.81x
Owners' fund to total sources56.29%
Debt to assets25.08%
Cash flow
Cash from Operating Activity (latest year)Rs 10 Cr
Cash from Investing Activity (latest year)Rs 78 Cr
Cash from Financing Activity (latest year)Rs -82 Cr
Net Cash Flow (latest year)Rs 5 Cr
Free cash flow (latest year)Rs 85 Cr
FCFE (approx.: FCF + change in debt)Rs 39 Cr
Cash from ops / profit, 5 years3.31x
Sales to cash flow13.34x
Statement figures
Net sales (TTM)Rs 135 Cr
Net sales (latest year)Rs 131 Cr
Sales (latest quarter)Rs 45 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs 8 Cr
Other income (TTM)Rs 92 Cr
EBITDA (TTM)Rs 94 Cr
PBDT (TTM)Rs 70 Cr
Profit before tax (TTM)Rs 67 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 58 Cr
Net profit (latest year)Rs 40 Cr
Net profit (latest quarter)Rs 17 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 24 Cr
Cost of goods sold (latest year)Rs 82 Cr
Total expenditure (latest year)Rs 131 Cr
Total income (latest year)Rs 205 Cr
Share capitalRs 15 Cr
ReservesRs 225 Cr
Shareholders' fundsRs 239 Cr
Total assetsRs 425 Cr
Net blockRs 26 Cr
InvestmentsRs 0 Cr
ReceivablesRs 12 Cr
InventoryRs 302 Cr
Other liabilitiesRs 79 Cr
Shares outstanding (crore)7.21
Ownership
Promoter holding51.32% (-0.34 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 4.0 is the lowest in its own 4.9-year history (median 14.0, low 4.0, high 105.3).
P/B 0.96 is at the 60th percentile (median 0.86).
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.
PeriodLANCORHOLNifty 50Difference
1 week-7.2%-2.8% -4.4 pts
1 month-5.6%-6.8% +1.2 pts
3 months+27.4%-7.6% +35.0 pts
6 months+65.0%+0.4% +64.6 pts
1 year+37.3%-9.9% +47.3 pts
2 years-27.4%-13.6% -13.9 pts
3 years-14.9%+14.2% -29.1 pts
5 years+230.4%+27.9% +202.5 pts

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was -57% of net profit over the last 3 years
lookInventory outrunning sales Inventory grew 10% vs sales -31% in 2026
lookProfit leans on other income Other income was 159% of pre-tax profit in 2026
lookRegulator order or action Regulator order or action 2026-05-27: Lancor Holdings Limited has informed the Exchange about Action(s) taken or orders passed
lookOn NSE surveillance On NSE surveillance: ESM
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 ₹45 Cr +9.8% vs Jun 2025. Net profit ₹17 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-21Dividend - Re 0.20 Per Share/Special Dividend - Re 0.10 Per Share
2025-09-16Dividend - Rs 0.20 Per Share
2024-09-02Annual General Meeting/Dividend - Re 0.20 Per Share
DateTypeWhat it says
2026-09-29Shareholder meetingVoting results.
2026-09-28Shareholder meetingProceedings of Annual General Meeting held on September 28, 2026
2026-09-24Regulatory actionAction(s) initiated or orders passed
2026-09-03Shareholder meetingNotice of Annual General Meeting to be held on September 28, 2026
2026-09-02UpdatesFinancial Result for quarter ended 30th June, 2026 (Machine readable version).
2026-08-13General UpdatesGeneral Updates
2026-08-12General UpdatesGeneral Updates regarding intimation of Annual General Meeting
2026-08-12AppointmentRe-Appointment of Mr Srinivasan Vasudevan, Independent Director as Independent Director of the company w.e.f. September 13, 2026 for five consecutive...
2026-08-12Record DateRecord date for the purpose of Dividend is 21-Sep-2026.
2026-08-12Board meeting outcomeLancor Holdings Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-11General UpdatesGeneral Updates
2026-05-29General UpdatesGeneral Updates -Declaration of final dividend @15%
2026-05-29DividendBoard of Directors at its meeting held on May 29, 2026, recommended Final Dividend of Rs. 0.30 per equity share.
2026-05-29Board meeting outcomeLancor Holdings Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-27Regulatory actionAction(s) taken or orders passed
2026-05-14Disclosure of material issueLancor Holdings Limited has informed regarding Disclosure of material issue
2026-04-20Disclosure under SEBI TakeovR.V.Shekar has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquis...
2026-04-07AppointmentAppointment of Mr. MVD Kumar as Vice President- Sales & Marketing (senior Management Personnel ) of the company w.e.f. April 07, 2026.
2026-04-01Amalgamation/MergerAmalgamation/Merger
2026-03-05Disclosure of material issueLancor Holdings Limited has informed regarding Disclosure of material issue
2026-02-13ResignationResignation of Jayatha E as Vice President- Sales & Marketing(Senior Management Personnel) of the company w.e.f. close of business hour on February 1...
2026-02-12Board meeting outcomeBoard meeting held on February 12, 2026.
2026-02-12Board meeting outcomeLancor Holdings Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-02-05Regulatory actionAction(s) taken or orders passed
2026-01-27Regulatory actionAction(s) taken or orders passed
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.
ESM: stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03