On 6 Nov 2026, Laxmi Organic Industries was priced at ₹163.15, or 54.6× trailing earnings, against an industry P/E of 22.1×, and the shares are 20% below their 52-week high. Sales and net profit fell 0.2% and 14% a year over 3 years; its ROCE of 4.4% is the lowest among the 7 largest Specialty Chemicals peers. Debt is 0.27× equity, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹4,534 Cr, ranked 38th of 204 Specialty Chemicals companies by market cap; the shares fell 14% over the past year.
- ₹166.22
- ₹166.62
- ₹162.26
- ₹167.50
- 11.8 L
Health check
- ReturnsBehind
−14.3% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 54.6 vs industry 22.1.
- GrowthShrinking
Sales −0.2%, profit −14.0% a year over 3 years.
- ProfitabilityWeak
ROCE 4.4% vs peer median 24.4%.
- Balance sheetFair
Debt 0.27× equity, interest covered 5.0×, Piotroski 5 of 9.
- Red flags2 to check
Return on equity is low at 4.1%.
Small cap
Defensive
Key metrics
- Market cap
- ₹4,534 Cr
- Small cap
- P/E
- 54.6
- Industry 22.1
- Price to book
- 2.28
- Peers 13.33
- Dividend yield
- 0.18%
- ROE
- 4.1%
- Peers 23.0%
- ROCE
- 4.4%
- Peers 24.4%
- Debt to equity
- 0.27
- Debt ₹543 Cr
- EPS (TTM)
- ₹2.99
- Face value ₹2
- OPM (TTM)
- 8.0%
- Net margin 4.0%
- Sales growth
- +39.7%
- Latest quarter vs a year ago
- Profit growth
- +216.6%
- Latest quarter vs a year ago
- Price to sales
- 1.45
- EV/EBITDA 19.4
Strengths and risks
Strengths
- Quarterly profit up 216.6% on a year ago.
- Quarterly sales up 39.7% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 4.1%.
- P/E of 54.6 against an industry P/E of 22.1.
About Laxmi Organic Industries
Laxmi Organic Industries Limited, together with its subsidiaries, manufactures and trades acetyl intermediates and specialty chemicals in India and internationally. The company offers essential products, such as ethyl acetate, acetaldehyde, acetic anhydride, n-propyl acetate, n-butyl acetate, and other proprietary solvents; and specialty products, such as ketene and diketene derivatives, fluorospeciality intermediates, esters, amides, arylides, and…
- Headquarters
- Mumbai
- Employees
- 1,141
- Sector
- Basic Materials
- ISIN
- INE576O01020
- Website
- laxmi.com
Price range
- Avg volume (3M)
- 11.1 L
- 1-year return
- minus 14.3%
- From 52-week high
- minus 19.9%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| LXCHEMLaxmi Organic Industries | 163.15 | minus 2.60% | 4,534 | 54.6 | 26.6 | 4.4% | 8.0% | 0.27 | −0.2% | minus 14.3% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 710 | 693 | 719 | 735 | 968 | |
| – | – | – | +3.6% | +39.7% | |
| 651 | 662 | 669 | 682 | 854 | |
| 59 | 30.8 | 49.9 | 53.6 | 114 | |
| 8.3% | 4.4% | 6.9% | 7.3% | 11.8% | |
| 1.1 | 5.5 | 3.2 | 2.7 | 3.4 | |
| 7.3 | 4.9 | 6.8 | 4.7 | 4.3 | |
| 39.5 | 17.1 | 20.5 | 19.2 | 21.7 | |
| 13.2 | 14.2 | 25.8 | 32.5 | 91.8 | |
| −64.3% | −50.7% | 1.6% | 33.6% | 26.2% | |
| 21.8 | 21.4 | 25.4 | 21.6 | 67.7 | |
| – | – | – | minus 1.0% | +216.6% | |
| 0.79 | 0.76 | 0.92 | -0.77 | 2.44 |
Profit & loss
- Sales CAGR 3Y
- −0.2%
- Profit CAGR 3Y
- −14.0%
- EPS CAGR 3Y
- −15.1%
- ROE
- 4.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,787 | 2,836 | 2,977 | 2,771 | |
| – | +1.8% | +5.0% | minus 6.9% | |
| 2,531 | 2,584 | 2,678 | 2,583 | |
| 256 | 253 | 299 | 188 | |
| 9.2% | 8.9% | 10.0% | 6.8% | |
| −1.9 | 11.5 | 2.5 | −8.8 | |
| 11 | 6.1 | 20.3 | 21.9 | |
| 72.5 | 108 | 124 | 76.6 | |
| 2.1 | 20.5 | 3.6 | 7.6 | |
| 173 | 171 | 161 | 88 | |
| 27.9% | 29.4% | 29.3% | 9.8% | |
| 125 | 121 | 114 | 79.4 | |
| – | minus 3.2% | minus 5.8% | minus 30.1% | |
| 4.67 | 4.43 | 4.07 | 2.86 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 53 | 55.2 | 55.4 | 55.4 | |
| 1,359 | 1,742 | 1,851 | 1,930 | |
| 406 | 143 | 258 | 543 | |
| 595 | 887 | 880 | 917 | |
| 2,412 | 2,827 | 3,045 | 3,446 | |
| 1,170 | 1,330 | 1,614 | 2,142 | |
| 456 | 452 | 449 | 662 | |
| 0.1 | 0 | 0 | 25.8 | |
| 147 | 421 | 262 | 94.3 | |
| 640 | 624 | 720 | 521 | |
| 2,412 | 2,827 | 3,045 | 3,446 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 199 | 561 | 108 | 175 | |
| −384 | −490 | −268 | −404 | |
| 232 | −41.6 | 90.1 | 247 | |
| 47.4 | 30.1 | −69.5 | 18.5 | |
| −476 | −248 | −394 | −602 | |
| −277 | 314 | −286 | −428 | |
| −18.6 | −13.3 | −16.6 | −13.9 |
Shareholding pattern
- Promoters69.16%
- Public30.84%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 69.16% | 30.84% | minus 0.18 | |
| 30 Jun 2026 | 69.34% | 30.66% | minus 0.01 | |
| 31 Mar 2026 | 69.35% | 30.65% | 0.00 | |
| 31 Dec 2025 | 69.35% | 30.65% | 0.00 | |
| 30 Sep 2025 | 69.35% | 30.65% | – |
Major shareholders
Filings & events
News
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