As of 6 Nov 2026, Laxmipati Engineering Works trades at 9.4× trailing earnings, below the industry P/E of 54.7×, and the shares are 25% below their 52-week high. Sales grew 68% a year over 3 years; its ROCE of 77% is the highest among the 7 largest Aerospace & Defense peers, though net profit is above operating profit, which points to a one-off gain. Debt is 0.47× equity. It is listed on an SME platform with a market cap of ₹253 Cr, ranked 26th of 27 Aerospace & Defense companies by market cap; the shares rose 18% over the past year.
- ₹439.90
- ₹439.90
- ₹439.90
- ₹439.90
- 500
Health check
- ReturnsAhead
+17.6% over a year, better than 6 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthStrong
Sales +67.9% a year over 3 years.
- ProfitabilityStrong
ROCE 77.1% vs peer median 20.4%.
- Balance sheetSolid
Debt 0.47× equity, interest covered 14.5×, Piotroski 6 of 9.
- Red flags2 to check
Net profit is above operating profit, so a one-off gain is likely flattering earnings.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹253 Cr
- Small cap
- P/E
- 9.4
- Industry 54.7
- Price to book
- 7.11
- Peers 9.16
- Dividend yield
- 0.00%
- ROE
- 122.4%
- Peers 23.2%
- ROCE
- 77.1%
- Peers 20.4%
- Debt to equity
- 0.47
- Debt ₹17 Cr
- EPS (TTM)
- ₹47.00
- OPM (TTM)
- 13.2%
- Net margin 37.6%
- Sales growth
- +64.6%
- Latest quarter vs a year ago
- Profit growth
- +278.5%
- Latest quarter vs a year ago
- Price to sales
- 3.51
- EV/EBITDA 18.0
Strengths and risks
Strengths
- Return on equity of 122.4%.
- Return on capital employed of 77.1%.
- Quarterly profit up 278.5% on a year ago.
- Quarterly sales up 64.6% on a year ago.
Risks to check
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- Interest coverage of only −9.7×.
About Laxmipati Engineering Works
Laxmipati Engineering Works Limited engages in the ship building and repair, fabrication, heavy engineering, engineering infrastructure and services, shut down maintenance projects, and precision machining in India. The company was formerly known as L. P. Naval and Engineering Limited and changed its name to Laxmipati Engineering Works Limited in January 2021. Laxmipati Engineering Works Limited was incorporated in 2012 and is based in Surat, India.
- Headquarters
- Surat
- Employees
- 473
- Sector
- Industrials
- ISIN
- INE920P01019
- Website
- laxmipatiengineering.com
Price range
- Avg volume (3M)
- 564
- 1-year return
- plus 17.6%
- From 52-week high
- minus 24.8%
Peers · Aerospace & Defense
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HALHindustan Aeronautics | 4,980.00 | minus 1.25% | 3,33,050 | 35.7 | 28.5 | 13.8% | 25.3% | 0.00 | 6.4% | plus 7.6% |
| BELBharat Electronics | 396.00 | plus 0.23% | 2,89,467 | 45.3 | 33.7 | 31.9% | 28.2% | 0.00 | 15.5% | minus 4.8% |
| MAZDOCKMazagoan Dock Shipbuilders | 1,840.00 | plus 0.05% | 74,222 | 30.3 | 21.9 | 28.5% | 16.2% | 0.08 | 19.6% | minus 31.5% |
| BDLBharat Dynamics | 1,060.00 | minus 1.40% | 38,856 | 74.6 | 152.1 | 7.2% | 12.8% | 0.00 | −0.9% | minus 27.4% |
| COCHINSHIPCochin Shipyard | 1,220.00 | minus 1.05% | 32,096 | 47.2 | 30.3 | 16.7% | 12.6% | 0.28 | 26.9% | minus 30.3% |
| GRSEGarden Reach Shipbuilders & Engineers | 2,135.70 | minus 0.07% | 24,465 | 30.6 | 25.8 | 36.8% | 11.0% | 0.01 | 40.0% | minus 16.4% |
| DATAPATTNSData Patterns (India) | 3,767.70 | minus 4.85% | 21,093 | 87.8 | 54.8 | 20.4% | 39.6% | 0.00 | 26.8% | plus 46.6% |
| LAXMIPATILaxmipati Engineering Works | 439.90 | 0.00% | 253 | 9.4 | – | 77.1% | 13.2% | 0.47 | 67.9% | plus 17.6% |
| Median of 7 peers | – | −1.05% | 38,856 | 45.3 | 30.3 | 20.4% | 16.2% | 0.00 | 19.6% | −16.4% |
Quarterly results
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- Sales CAGR 3Y
- +67.9%
- ROE
- 122.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 15.2 | 40.2 | 50.1 | 72 | |
| – | +164.7% | +24.5% | +43.7% | |
| 15.2 | 34.4 | 63 | 95.6 | |
| −0 | 5.9 | −13 | −23.6 | |
| −0.2% | 14.6% | −25.9% | −32.8% | |
| 0.1 | 0 | 23.3 | 36.4 | |
| 3.1 | 3.8 | 4.2 | 2.4 | |
| 1.4 | 1.2 | 1.2 | 1.4 | |
| 0 | 0 | −0.3 | 23.8 | |
| −4.4 | 0.9 | 4.7 | 32.8 | |
| −6.5% | 16.9% | −39.2% | 17.5% | |
| −4.7 | 0.8 | 6.5 | 27 | |
| – | – | +738.4% | +316.0% | |
| -8.22 | 1.35 | 11.30 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.8 | 5.8 | 5.8 | 5.8 | |
| −4.5 | −3.7 | 2.8 | 29.9 | |
| 37.7 | 40.1 | 45.1 | 16.6 | |
| 4.7 | 4.1 | 5.9 | 12.5 | |
| 43.7 | 46.3 | 59.5 | 64.7 | |
| 31.4 | 31.8 | 33.1 | 30.2 | |
| 1.6 | 1.6 | 1.6 | 6.9 | |
| 0 | 0.1 | 0 | 0 | |
| 10.6 | 12.8 | 24.8 | 27.6 | |
| 43.7 | 46.3 | 59.5 | 64.7 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −3.4 | 2.7 | 2.4 | 5.2 | |
| −0.6 | −1.2 | −3.2 | 25.7 | |
| 3.9 | −1.4 | 0.8 | −30.9 | |
| −0.2 | 0 | −0 | −0 | |
| −0.6 | −1.6 | −2.5 | −11.1 | |
| −4 | 1.1 | −0.1 | −5.9 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.