Laxmi Organic Industries Ltd
LXCHEMLaxmi Organic Industries Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
Biggest watch item: the P/E sits at the 77th percentile of its own range — the multiple has already done part of the work.
The price is in a downtrend (36 weeks in) while the P/E sits at the 77th percentile of its own 5-year range. Underneath, the last four quarters read mixed — profit +0.0% year on year, and 269% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Laxmi Organic Industries Ltd trades at ₹172, in a downtrend and 36 weeks into that stage. That is +6.8% against its own 200-day average. It sits at 55% of a 52-week range of ₹112 to ₹221. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 1 straight week.
Today the stock is in a downtrend — week 36 of stage 4, confirmed. At ₹172 it trades +6.8% versus its 200-day average and sits at 55% of its 52-week range (₹112–₹221).
Against the market, two honest reads. Cumulative: over the last 5.3 years the stock moved −8% while the NIFTY 500 moved +90% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 1 straight week — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 77th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Laxmi Organic Industries Ltd trades at 63.2× P/E, at the pricey end of its own range (77th percentile). Its long-run median P/E is 53.2×, measured across 5.3 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 63.2× is at the pricey end of its own range (77th percentile), against a long-run median of 53.2× measured over 5.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved −30.2% against a −12.9% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the −8.1%/yr price move, ~−9.8%/yr came from earnings growth and ~+1.7 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Laxmi Organic Industries Ltd reads as deteriorating on its fundamental arc. Deteriorating — revenue, profit and EPS growth are shrinking (revenue growth −4.6% latest against +9.3% at its 12-quarter best), ROCE holding at 4.9%. The read is built from 12 quarters across 4 curves, on full evidence.
🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | −4.6% | +0.6% | +10.0% | +10.5% |
| Profit | −30.7% | −14.2% | −9.1% | +11.3% |
| EPS | −30.2% | −15.3% | −9.9% | −20.0% |
| Share price | −12.9% | −12.0% | −8.1% | — |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
39.1/100 — rank 14 of 20 in Chemicals - Organic · 94% evidence confidence
Laxmi Organic Industries Ltd scores 39.1 out of 100 against the 20 companies it is compared with in Chemicals - Organic, ranking 14. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 10 + 9.6 + 12.7 + 6.8 = 39.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Laxmi Organic Industries Ltd reported ₹735 Cr of revenue in the Mar 26 quarter, +3.5% year on year. Over 10 years it has compounded at 10.5% a year. The last full year, FY26, came in at ₹2,847 Cr. The last four reported quarters add to ₹2,847 Cr.
Laxmi Organic Industries Ltd reported ₹735 Cr of revenue in the Mar 26 quarter, +3.5% year on year. Over 10 years it has compounded at 10.5% a year. The last full year, FY26, came in at ₹2,847 Cr. The last four reported quarters add to ₹2,847 Cr.
FY26 revenue came in at ₹2,847 Cr (−4.6% on the year), capping 10 years at 10.5% compound. The latest quarter (Mar 26) printed ₹735 Cr, +3.5% year on year.
Pace check: the last four quarters averaged −4.4% growth against the decade's 10.5% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew −4.6% over the last 4 quarters against −0.3%/yr over the last 8 — rolling over; TTM profit −30.1% vs −18.9%/yr — rolling over.
→ Revenue grew — did margins hold as it scaled? Next: 7.0% this quarter (−1.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Laxmi Organic Industries Ltd's operating margin is 7.0% in the Mar 26 quarter, −1.0 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 6.0% to 12.0%. The current quarter sits inside that band.
Laxmi Organic Industries Ltd's operating margin is 7.0% in the Mar 26 quarter, −1.0 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 6.0% to 12.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 7.0%, −1.0 pp against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 6.0%–12.0%.
🚨 Why the margin moved: operating margin went −1.0 pp year on year while gross margin went −1.9 pp — the loss came mostly from the gross line: input costs and pricing.
→ Margins slipped — did that reach the bottom line? Next: profit +0.0% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Laxmi Organic Industries Ltd earned ₹22.0 Cr of net profit in the Mar 26 quarter, +0.0% year on year. Full-year FY26 profit was ₹79.0 Cr. The 10-year compound rate is 11.3%. That is 3.0% of the quarter's revenue. The same quarter a year earlier earned ₹22.0 Cr.
Laxmi Organic Industries Ltd earned ₹22.0 Cr of net profit in the Mar 26 quarter, +0.0% year on year. Full-year FY26 profit was ₹79.0 Cr. The 10-year compound rate is 11.3%. That is 3.0% of the quarter's revenue. The same quarter a year earlier earned ₹22.0 Cr.
Mar 26 profit was ₹22.0 Cr, +0.0% year on year. On the full year, FY26 printed ₹79.0 Cr (−30.7%), and the 10-year compound rate is 11.3%.
🚨 Why profit moved: revenue contributed +3.5% and the margin −1.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit −28.2% vs revenue −4.4%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
→ Profit rose — but did the cash follow? Next: 269% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 269% of Laxmi Organic Industries Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹175 Cr of operating cash against ₹79.0 Cr of profit. After ₹646 Cr of capital spending, ₹−471 Cr was left as free cash.
FY26: operating cash of ₹175 Cr against reported profit of ₹79.0 Cr, leaving free cash of ₹−471 Cr after ₹646 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 269% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 269%: the cash cycle held roughly steady between FY21 and FY26 — so conversion tracks profitability rather than the cycle.
Router verdict: the bigger cash user is investment — capital spending ran 4.2× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹1,279 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Laxmi Organic Industries Ltd's cash conversion cycle runs −3 days in FY26, down from 5 days in FY21. Capital spending ran ₹1,279 Cr over the last 3 years. At FY26 sales of ₹2,847 Cr each day of that cycle holds about ₹7.8 Cr, so roughly ₹−23.0 Cr sits inside the business at any moment.
FY26: debtors at 67 days, inventory at 70 days — roughly 2.3 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −3 days, tighter than FY21's 5.
The full loop: cash goes out to suppliers and production on day 0; stock waits 70 days to sell; customers pay about 67 days after that; and suppliers themselves are paid at 140 days — netting out to the −3-day cycle.
In money terms: at FY26 sales of ₹2,847 Cr, each day of the cycle holds about ₹7.8 Cr — so the −3-day loop keeps roughly ₹−23.0 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹1,279 Cr over the last 3 fiscal years against ₹308 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹652 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 5% and the ROIC − WACC spread is −7.5 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Laxmi Organic Industries Ltd earns a ROCE of 5% in FY26. Return on invested capital clears the cost of that capital by −7.5 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 2.8% net margin on 0.83× asset turns.
FY26 ROCE is 5%.
🚨 Why the return is what it is — the wiring (FY26): 2.8% net margin × 0.83× asset turns × 1.73× balance-sheet leverage ≈ 4.0% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 4.5% − 12.0% = a −7.5 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.27.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Laxmi Organic Industries Ltd carries total debt of ₹543 Cr against shareholder equity of ₹1,986 Cr as of Mar 26, a debt-to-equity of 0.27 — effectively unlevered. On the annual view that ratio went from 0.11 in FY22 to 0.27 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Mar 26: total debt of ₹543 Cr against shareholder equity of ₹1,986 Cr — a debt-to-equity of 0.27. On the annual view, debt-to-equity went from 0.11 (FY22) to 0.27 (FY26). The returns on this page are earned, not borrowed.
→ Who owns this, and are they adding or leaving? Next: Domestic institutions added 1.7 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions added 1.7 points of Laxmi Organic Industries Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 3.8% of the company. Foreign institutions moved −0.4 points over the same window, to 0.7%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: +1.7 points over 8 quarters to 3.8%; Foreign institutions: −0.4 points over 8 quarters to 0.7%; Promoters: −0.2 points over 8 quarters to 69.3%.
Why the register moved: domestic institutions drove it (+1.7 points) — steady accumulation by institutions reading the same numbers this page reads.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Laxmi Organic Industries Ltd: the Z-score reads 3.55. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits well clear of distress. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
Why it matters: a Z-score of 3.55 sits well clear of the distress zone — the balance sheet is not the risk here.
The safety line in one sentence: the Z-score reads 3.55.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Laxmi Organic Industries Ltd this page | 63.2× | ₹5,053 Cr | Mixed | |||
| BASF India Ltd | 38.4× | ₹15,887 Cr | No read | |||
| Fine Organic Industries Ltd | 35.9× | ₹14,804 Cr | Improving | |||
| Elantas Beck India Ltd | 50.3× | ₹7,346 Cr | Mixed | |||
| Balaji Amines Ltd | 42.2× | ₹7,046 Cr | Improving | |||
| Foseco India Ltd | 39.0× | ₹3,805 Cr | — | — | — | — |
| Citurgia Biochemicals Ltd | — | ₹1,884 Cr | No read | |||
| Nitta Gelatin India Ltd | 13.5× | ₹1,489 Cr | Mixed | |||
| Oriental Aromatics Ltd | 379.0× | ₹1,255 Cr | Mixed | |||
| Jyoti Resins and Adhesives Ltd | 14.3× | ₹997 Cr | Topping out | |||
| Sigachi Industries Ltd | 29.9× | ₹974 Cr | Turning around | |||
| Fairchem Organics Ltd | 157.0× | ₹967 Cr | Turning around | |||
| Sacheerome Ltd | 33.3× | ₹946 Cr | — | — | — | — |
| Indo Amines Ltd | 11.8× | ₹940 Cr | Consistent | |||
| Gem Aromatics Ltd | 651.0× | ₹930 Cr | No read | |||
| Shri Ahimsa Naturals Ltd | 31.1× | ₹904 Cr | — | — | — | — |
| Valiant Organics Ltd | 25.4× | ₹737 Cr | No read | |||
| OCCL Ltd | 14.6× | ₹724 Cr | No read | |||
| Shree Ganesh Remedies Ltd | 35.1× | ₹636 Cr | Deteriorating | |||
| Valiant Organics Ltd | 33.0× | ₹600 Cr | No read | |||
| GFL Ltd | 11.0× | ₹494 Cr | No read |
Frequently asked questions
What is Laxmi Organic Industries Ltd's share price today?
Laxmi Organic Industries Ltd trades at ₹172, −12.9% over the past year. The company is valued at ₹5,053 Cr. The stock sits at 55% of its 52-week range of ₹112–₹221, +6.8% versus its 200-day average. On the tape, the price is in a downtrend, 36 weeks in. — as of 24 July 2026.
What were Laxmi Organic Industries Ltd's latest quarterly results?
Laxmi Organic Industries Ltd reported revenue of ₹735 Cr and net profit of ₹22.0 Cr for the Mar 26 quarter. Revenue rose 3.5% and profit rose 0.0% year on year. Earnings per share were ₹0.78. The operating margin was 7.0%, 1.0 pp lower than a year earlier. — as of 24 July 2026.
What is Laxmi Organic Industries Ltd's revenue?
Laxmi Organic Industries Ltd reported revenue of ₹735 Cr in the Mar 26 quarter, +3.5% year on year. For the full FY26 fiscal year, revenue was ₹2,847 Cr (−4.6%). Over the last 10 years revenue compounded at 10.5% a year. — as of 24 July 2026.
What is Laxmi Organic Industries Ltd's profit?
Laxmi Organic Industries Ltd earned ₹22.0 Cr of net profit in the Mar 26 quarter, +0.0% year on year. Full-year FY26 profit was ₹79.0 Cr. The operating margin ran 7.0% in the latest quarter. — as of 24 July 2026.
What is Laxmi Organic Industries Ltd's market cap?
Laxmi Organic Industries Ltd's market capitalisation is ₹5,053 Cr at a share price of ₹172. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Laxmi Organic Industries Ltd's P/E ratio?
Laxmi Organic Industries Ltd trades at a P/E of 63.2×, at the 77th percentile of its own 5-year range, against a long-run median of 53.2×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Laxmi Organic Industries Ltd pay a dividend?
Yes — Laxmi Organic Industries Ltd's dividend payout was 10% of profit in FY26, and it recorded a payout in 7 of its last 12 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Laxmi Organic Industries Ltd overvalued?
On its own history, Laxmi Organic Industries Ltd looks expensive against its own history: its P/E of 63.2× sits at the 77th percentile of its 5-year range (long-run median 53.2×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Laxmi Organic Industries Ltd growing?
The picture is mixed for Laxmi Organic Industries Ltd: latest-quarter revenue +3.5% year on year, profit +0.0%, and the margin −1.0 pp at 7.0%. The 10-year compound rates are 10.5% (revenue) and 11.3% (profit). The earnings engine currently reads: mixed — as of 24 July 2026.
How is Laxmi Organic Industries Ltd performing?
Laxmi Organic Industries Ltd is in a downtrend, 36 weeks in. Its latest quarter's revenue rose 3.5% and profit rose 0.0% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Laxmi Organic Industries Ltd in?
Deteriorating — revenue, profit and EPS growth are shrinking (revenue growth −4.6% latest against +9.3% at its 12-quarter best), ROCE holding at 4.9%. The read comes from the last 12 quarters of growth (revenue growth −4.6% latest, profit growth −30.1% latest, eps growth −30.2% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Laxmi Organic Industries Ltd in an uptrend?
No — the price is in a downtrend (week 36 of stage 4), trading +6.8% versus its 200-day average and at 55% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Laxmi Organic Industries Ltd beating the market?
On recent form, yes — Laxmi Organic Industries Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 1 straight week, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 5.3 years the stock moved −8% against the NIFTY 500's +90% — behind the index over the full window. — as of 24 July 2026.
Will Laxmi Organic Industries Ltd's share price go up?
This page publishes no price forecast for Laxmi Organic Industries Ltd. What it measures instead: the share price is ₹172, the price is in a downtrend 36 weeks in. Its P/E of 63.2× sits at the 77th percentile of its own 5-year range. — as of 24 July 2026.
Who owns Laxmi Organic Industries Ltd?
Promoters hold 69.3% of Laxmi Organic Industries Ltd, foreign institutions 0.7%, domestic institutions 3.8% and the public 26.1% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 1.7 points over 8 quarters. — as of 24 July 2026.
Does Laxmi Organic Industries Ltd have too much debt?
No — Laxmi Organic Industries Ltd's debt-to-equity is 0.27, and operating profit covers the interest bill 8×. FY26 borrowings were ₹543 Cr against equity of ₹1,985 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is Laxmi Organic Industries Ltd's capex?
Laxmi Organic Industries Ltd spent ₹1,279 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹646 Cr, with ₹652 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Laxmi Organic Industries Ltd's cash flow?
Laxmi Organic Industries Ltd generated ₹175 Cr of operating cash flow in FY26 and ₹−471 Cr of free cash flow after ₹646 Cr of capital spending. Reported profit that year was ₹79.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Laxmi Organic Industries Ltd's profit real cash?
Yes — over the last 3 fiscal years, 269% of Laxmi Organic Industries Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹175 Cr against reported profit of ₹79.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
How financially safe is Laxmi Organic Industries Ltd?
On the balance sheet, the Z-score reads 3.55 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That sits well clear of trouble. — as of 24 July 2026.
Where is Laxmi Organic Industries Ltd in its business cycle?
Laxmi Organic Industries Ltd's FY26 operating margin was 6.0%, against a 12-year band of 6.0%–12.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 7.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Laxmi Organic Industries Ltd story?
Biggest watch item: the P/E sits at the 77th percentile of its own range — the multiple has already done part of the work. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Laxmi Organic Industries Ltd a stock worth studying right now?
This is not investment advice. The machine read: Laxmi Organic Industries Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.