MarketFriction

Laxmi Goldorna House Ltd

NSE LGHL · Gems, Jewellery And Watches
₹219.47 +9.71%
NSE close2026-10-01
52 week range168.00 - 395.31
Market cap₹895 Cr.
P/E553
IPO 2020 · +3412% since Price band 20% Delivery 71.5%

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

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales21.3226.95127.2815.8522.0822.1627.7228.6424.8524.1826.6437.44
Expenses19.9122.05118.4812.7314.7715.4122.4323.4617.3418.5028.5532.93
Operating Profit1.414.908.803.127.316.755.295.187.515.68-1.914.51
OPM %6.61%18.18%6.91%19.68%33.11%30.46%19.08%18.09%30.22%23.49%-7.17%12.05%
Other Income2.991.130.100.300.06-0.300.560.000.110.230.19-0.15
Interest0.270.273.381.862.161.852.732.232.952.033.722.82
Depreciation0.060.030.080.000.050.050.110.050.050.000.070.04
Profit before tax4.075.735.441.565.164.553.012.904.623.88-5.511.50
Tax %0.00%61.78%-0.37%25.00%20.74%22.20%77.74%24.14%18.61%20.10%11.80%22.00%
Net Profit4.072.205.451.174.103.540.682.203.763.10-6.161.17
EPS in Rs0.810.441.090.230.820.710.140.440.750.62-1.230.23
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales475170738077606120288104113
Expenses4651687178745858185658897
Operating Profit0023222317221616
OPM %1.0%0.9%2.3%3.7%2.4%2.7%3.3%4.9%9%26%16%14%
Other Income010000000000
Interest00122222491112
Depreciation000000000000
Profit before tax01110001131464
Tax %33%44%25%26%31%29%29%29%27%24%25%
Net Profit0101000091142
EPS in Rs0.383.620.120.180.030.020.030.081.892.110.880.37
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%6%20%12%
Compounded Profit Growth53%103%117%-85%
Stock Price CAGR%96%65%-52%
Return on Equity8%11%15%6%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.660.660.66151515212121212150
Reserves334778101111254421
Borrowings8351616221434325381108
Other Liabilities011002124679101418
Total Liabilities1281039394758112142108160197
Fixed Assets000000011110
CWIP000000000000
Investments000000012152127
Other Assets128103939475811013992138169
Total Assets1281039394758112142108160197
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3-5-2-155-9-24-12
Cash from Investing Activity0-0-0-2-1-83-5
Cash from Financing Activity-35318-5172016
Net Cash Flow-0001-10-0-0
Free Cash Flow3-5-2-165-9-24-12
CFO/OP106%-259%-105%-764%177%-50%-90%-48%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days82038303014436411993
Inventory Days775960161166183265786923107559615
Days Payable0800050022105358
Cash Conversion Cycle855360199197208278790905161625650
Working Capital Days403133146138150159266208128471468
ROCE %7%5%17%7%7%5%5%3%4%21%18%10%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.97%74.97%74.97%74.97%74.97%74.97%74.97%74.97%74.97%74.97%74.97%74.97%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.31%0.10%0.11%0.11%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.03%0.00%0.00%0.00%
Public25.03%25.03%25.03%25.03%25.03%25.03%25.03%25.03%24.69%24.93%24.93%24.92%
No. of Shareholders572549091,3171,5311,7581,6801,6602,5483,0532,8812,798

Fundamentals

Market Cap₹ 895 Cr.
Current Price₹ 179
Stock P/E553
Book Value₹ 14.1
ROCE10.1 %
ROE6.06 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)12%
Compounded Profit Growth (TTM)-85%
Standalone figures.
Valuation
Market capRs 1,099 Cr
Enterprise valueRs 1,208 Cr
P/E (TTM)587.91x
Price to book15.56x
Price to sales9.72x
EV / EBITDA74.64x
EV / EBIT75.43x
EV / sales10.68x
Earnings yield0.17%
P/E, 3-year average35.41x
P/B, 3-year average6.37x
P/E, 5-year average55.87x
P/B, 5-year average3.46x
Profitability
Operating margin (excl. other income)15.77%
Operating margin (incl. other income)16.22%
EBITDA margin14.30%
Pre-tax margin3.97%
Net profit margin1.65%
Net margin, latest quarter3.12%
ROE6.47%
ROCE10.30%
ROA2.46%
ROE, 3-year average16.72%
ROCE, 3-year average16.68%
ROA, 3-year average5.98%
ROE, 5-year average10.37%
ROCE, 5-year average11.57%
ROA, 5-year average3.68%
ROIC (approx.)6.75%
Tax rate24.57%
Other income / net worth0.67%
Growth
Sales growth (latest year)18.78%
Profit growth (latest year)-58.51%
Sales CAGR, 3 years19.66%
Sales CAGR, 5 years6.37%
Profit CAGR, 3 years122.23%
Profit CAGR, 5 years105.43%
Sales growth QoQ40.54%
Sales growth YoY (latest quarter)30.73%
Profit growth YoY (latest quarter)-46.82%
Per share
EPS (TTM)Rs 0.37
EPS (latest quarter)Rs 0.23
EPS, 3-year averageRs 4.81
EPS, 5-year averageRs 2.47
Book value per shareRs 14.11
Sales per shareRs 22.58
Cash flow per shareRs -2.32
Free cash flow per shareRs -2.40
Efficiency
Asset turnover0.53x
Fixed asset turnover208.62x
Inventory turnover0.59x
Inventory days615 days
Debtor days93 days
Debtors turnover3.91x
Creditor days58 days
Cash conversion cycle650 days
Working capital days468 days
Leverage
Total debtRs 108 Cr
Cash and bankRs 0 Cr
Net debtRs 108 Cr
Debt to equity1.53x
Net debt / EBITDA6.69x
Interest coverage1.39x
Current ratio (filing 2026-03-31)4.63x
Quick ratio (filing 2026-03-31)0.91x
Trade payables (filing 2026-03-31)Rs 13 Cr
Owners' fund to total sources35.87%
Debt to assets55.04%
Cash flow
Cash from Operating Activity (latest year)Rs -12 Cr
Cash from Investing Activity (latest year)Rs -5 Cr
Cash from Financing Activity (latest year)Rs 16 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -12 Cr
FCFE (approx.: FCF + change in debt)Rs 15 Cr
Cash from ops / profit, 5 years-2.29x
Statement figures
Net sales (TTM)Rs 113 Cr
Net sales (latest year)Rs 104 Cr
Sales (latest quarter)Rs 37 Cr
Operating profit excl. other income (latest year)Rs 16 Cr
Operating profit (latest quarter)Rs 5 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 16 Cr
PBDT (TTM)Rs 5 Cr
Profit before tax (TTM)Rs 4 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 4 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 12 Cr
Cost of goods sold (latest year)Rs 82 Cr
Total expenditure (latest year)Rs 88 Cr
Total income (latest year)Rs 105 Cr
Share capitalRs 50 Cr
ReservesRs 21 Cr
Shareholders' fundsRs 71 Cr
Total assetsRs 197 Cr
Net blockRs 0 Cr
InvestmentsRs 27 Cr
ReceivablesRs 27 Cr
InventoryRs 137 Cr
Other liabilitiesRs 18 Cr
Shares outstanding (crore)5.01
Ownership
Promoter holding74.97% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 15.56 is at the 62th percentile (median 9.94).
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.
PeriodLGHLNifty 50Difference
1 week+20.9%-2.8% +23.7 pts
1 month+22.2%-6.8% +29.0 pts
3 months-0.6%-7.6% +7.0 pts
6 months-3.8%+0.4% -4.2 pts
1 year-42.1%-9.9% -32.1 pts
2 years+81.2%-13.6% +94.8 pts
3 years+451.3%+14.2% +437.1 pts
5 years+3411.5%+27.9% +3383.6 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -179% of net profit over the last 3 years
explainDebt up, profit down Borrowings up 34% while net profit fell 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 ₹37 Cr +30.7% vs Jun 2025. Net profit ₹1 Cr -46.8%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2025-10-10Bonus 7:50.4167
2024-10-21Annual General Meeting
DateTypeWhat it says
2026-09-30Shareholder meetingVoting results.
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
2026-09-15Shareholder meetingProceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
2026-09-08Shareholder meetingNotice of Annual General Meeting to be held on September 30, 2026
2026-09-07Board meeting outcomeOutcome of Board Meeting held on September 07, 2026.
2026-08-14Integrated Filing- FinancialIntegrated Filing- Financial
2026-08-14Board meeting outcomeLaxmi Goldorna House Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-12Shareholder meetingNotice of Postal Ballot
2026-08-08Board meeting outcomeOutcome of Board Meeting held on August 08, 2026.
2026-06-11Disclosure under SEBI TakeovLaxmi Goldorna House Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (...
2026-06-05Disclosure under SEBI TakeovJayeshkumar Chinulal Shah has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Sub...
2026-06-03Disclosure under SEBI TakeovMr. Jayeshkumar Chinulal Shah has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India ...
2026-05-25UpdatesReceipt of Building Use Certificate.
2026-05-16Board meeting outcomeLaxmi Goldorna House Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-14Fraud/Default/ArrestFraud/Default/Arrest
2026-02-23UpdatesLetter in continuance of earlier submission dated 13th February 2026 w.r.t. Board meeting held on 13th February 2026.
2026-02-13Board meeting outcomeLaxmi Goldorna House Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-02-13Board meeting outcomeBoard meeting held on February 13, 2026.
2026-02-09Shareholder meetingProceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
2026-01-08Shareholder meetingNotice of Postal Ballot
2026-01-06UpdatesAppointment of M/s. MJV & CO. Chartered Accountants (FRN: 131600W) as internal Auditors.
2026-01-06AppointmentAppointment of Mr Dhaval Parekh as Chief Financial Officer of the company w.e.f. January 06, 2026.
2026-01-06Board meeting outcomeBoard meeting held on January 06, 2026.
2025-11-15CessationCessation of Mr Jaykumar Patel as Chief Financial Officer of the company w.e.f. November 15, 2025.
2025-10-13Board meeting outcomeLaxmi Goldorna House Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
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.
Less than 100 unique PAN traded in previous 30 daysScrip PE is greater than 50 (4 trailing quarters)
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03