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Last Updated on: 27 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Lagnam Spintex Ltd

About the Company - Lagnam Spintex Ltd

Lagnam Spintex Ltd. is a Public Limited Listed company incorporated on 11/06/2010 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L17119RJ2010PLC032089 and registration number is 032089. Currently Company is involved in the business activities of Preparation and spinning of man-made fiber including blended* man-made fiber. Company’s Total Operating Revenue is Rs. 348.44 Cr. and Equity Capital is Rs. 17.67 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Cotton BlendedA 51-53, RIICO Growth Centre, Bhilwara Rajasthan 311001rparashar@lagnam.com
http://www.lagnamspintex.com
Management
NamePosition Held
Mr. D P MangalExecutive Chairman
Mr. Anand MangalManaging Director
Mr. Shubh MangalExecutive Director
Mr. Vijay Singh BapnaIndependent Director
Mr. Anil ShahIndependent Director
Ms. Dipali MathurIndependent Director
Mr. Jagadish Chandra LaddhaIndependent Director

Basic Stock Data of Lagnam Spintex Ltd

Last Updated: July 26, 2024, 10:25 pm

Market Cap 279 Cr.
Current Price 158
High / Low176/62.2
Stock P/E19.2
Book Value 61.7
Dividend Yield0.32 %
ROCE9.43 %
ROE14.3 %
Face Value 10.0
PEG Ratio0.59

Data Source: screener.in

Lagnam Spintex Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales62.7172.9374.7281.3490.95101.4479.2362.9372.1390.3771.7292.55123.58
Expenses52.6758.6761.6468.5273.2886.5966.2457.5267.1782.9464.5485.96112.13
Operating Profit10.0414.2613.0812.8217.6714.8512.995.414.967.437.186.5911.45
OPM %16.01%19.55%17.51%15.76%19.43%14.64%16.40%8.60%6.88%8.22%10.01%7.12%9.27%
Other Income0.140.060.000.080.220.220.030.130.040.040.030.030.06
Interest3.113.172.752.522.832.782.472.492.643.383.492.952.58
Depreciation1.841.931.891.891.911.841.881.791.841.821.801.872.13
Profit before tax5.239.228.448.4913.1510.458.671.260.522.271.921.806.80
Tax %13.38%32.97%27.37%27.09%28.52%32.44%28.26%-29.37%25.00%33.04%29.17%28.33%31.91%
Net Profit4.546.196.136.209.407.066.211.640.391.521.361.294.62
EPS in Rs2.573.503.473.515.324.003.510.930.220.860.770.732.61

Last Updated: July 11, 2024, 7:17 am

Lagnam Spintex Ltd Quarterly Chart

Lagnam Spintex Ltd Profit & Loss

Last Updated: July 10, 2024, 7:11 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales036424956758480176205348305327
Expenses035364348647369161179290274301
Operating Profit026691111111626583126
OPM %5%14%13%15%15%13%14%9%13%17%10%8%
Other Income000-0001000100
Interest00334333912111112
Depreciation0111233368877
Profit before tax002236661741137
Tax %0%18%31%25%33%18%26%-87%35%29%23%
Net Profit001124551429105
EPS in Rs0.002.877.895.9411.5318.014.042.710.632.5316.305.522.58
Dividend Payout %0%0%0%0%0%0%0%0%20%6%0%

Lagnam Spintex Ltd Profit & Loss Yearly Chart

Lagnam Spintex Ltd Growth

Compounded Sales Growth
10 Years:26%
5 Years:40%
3 Years:29%
TTM:44%
Compounded Profit Growth
10 Years:26%
5 Years:25%
3 Years:48%
TTM:49%
Stock Price CAGR
10 Years:%
5 Years:64%
3 Years:57%
1 Year:146%
Return on Equity
10 Years:16%
5 Years:16%
3 Years:20%
Last Year:14%

Last Updated: July 24, 2024, 5:32 pm

Lagnam Spintex Ltd Balance Sheet

Last Updated: July 10, 2024, 7:11 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital22222212181818181818
Reserves781012141815363741687779
Borrowings24272737484549122163168164184314
Other Liabilities1122669142522313340
Total Liabilities33384153707284189242249280311451
Fixed Assets027253551485250158149144137151
CWIP250220018300025165
Investments0000000000000
Other Assets8111416192331568399135148135
Total Assets33384153707284189242249280311451

Lagnam Spintex Ltd Reserves and Borrowings Chart

Lagnam Spintex Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 065-4-76231322
Cash from Investing Activity 0-16-6-82-310-2-25-200
Cash from Financing Activity 0929232-6-178179
Net Cash Flow0-007-6-04-40

Lagnam Spintex Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days505150604438885562423444
Inventory Days615159515282861121049013898
Days Payable8736514273213275
Cash Conversion Cycle1039610510591105147136153130165137
Working Capital Days897784958497165114123116145132
ROCE %1%12%11%12%14%12%7%5%8%22%9%

Lagnam Spintex Ltd Financial Efficiency Indicators Chart

Lagnam Spintex Ltd Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters67.36%67.36%67.36%67.36%67.36%68.50%68.50%68.50%68.50%68.50%68.50%68.50%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.04%0.00%
Public32.64%32.64%32.65%32.65%32.64%31.50%31.50%31.50%31.50%31.50%31.46%31.50%
No. of Shareholders5561,8736,0026,6277,0807,3077,5786,7506,0495,5685,9175,570

Lagnam Spintex Ltd Shareholding Pattern Chart

No. of Lagnam Spintex Ltd Shareholders

This stock is not held by any mutual fund

Lagnam Spintex Ltd ROCE Trend

Lagnam Spintex Ltd EPS Trend

Lagnam Spintex Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)8.255.5316.302.560.64
Diluted EPS (Rs.)8.255.5316.302.560.64
Cash EPS (Rs.)13.509.6720.566.824.00
Book Value[Excl.RevalReserv]/Share (Rs.)61.6653.3648.3133.3230.75
Book Value[Incl.RevalReserv]/Share (Rs.)61.6653.3648.3133.3230.75
Dividend / Share (Rs.)0.500.001.000.500.00
Revenue From Operations / Share (Rs.)247.61172.43197.20116.2599.86
PBDIT / Share (Rs.)25.6817.5633.3614.818.97
PBIT / Share (Rs.)20.4213.4129.1010.555.61
PBT / Share (Rs.)11.787.2022.953.960.34
Net Profit / Share (Rs.)8.255.5316.302.560.63
PBDIT Margin (%)10.3610.1816.9112.738.98
PBIT Margin (%)8.247.7714.759.075.61
PBT Margin (%)4.754.1711.633.400.34
Net Profit Margin (%)3.333.208.262.200.63
Return on Networth / Equity (%)13.3710.3533.737.682.06
Return on Capital Employeed (%)9.7711.2023.999.765.89
Return On Assets (%)2.733.1310.281.810.46
Long Term Debt / Equity (X)2.141.031.272.091.98
Total Debt / Equity (X)3.471.951.672.602.82
Asset Turnover Ratio (%)1.041.031.320.830.81
Current Ratio (X)1.091.351.911.681.13
Quick Ratio (X)0.530.511.041.000.59
Inventory Turnover Ratio (X)3.773.384.813.235.16
Dividend Payout Ratio (NP) (%)0.000.006.130.000.00
Dividend Payout Ratio (CP) (%)0.000.004.860.000.00
Earning Retention Ratio (%)0.000.0093.870.000.00
Cash Earning Retention Ratio (%)0.000.0095.140.000.00
Interest Coverage Ratio (X)2.972.835.422.251.70
Interest Coverage Ratio (Post Tax) (X)1.951.893.651.391.12
Enterprise Value (Cr.)581.46271.01292.67178.30166.44
EV / Net Operating Revenue (X)1.330.880.830.860.94
EV / EBITDA (X)12.828.734.976.8110.50
MarketCap / Net Operating Revenue (X)0.460.280.440.120.07
Retention Ratios (%)0.000.0093.860.000.00
Price / BV (X)1.870.921.810.440.24
Price / Net Operating Revenue (X)0.460.280.440.120.07
EarningsYield0.070.110.180.170.08

Lagnam Spintex Ltd Profitability Ratios (%)

Lagnam Spintex Ltd Liquidity Ratios

Lagnam Spintex Ltd Liquidity Ratios (%)

Lagnam Spintex Ltd Interest Coverage Ratios (%)

Lagnam Spintex Ltd Valuation Ratios

Fair Value

Fair Value: 169.95

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 7.56% compared to the current price 158

Intrinsic Value: 225.30

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 42.60% compared to the current price 158

Last 5 Year EPS CAGR: 32.57%

*Investments are subject to market risks

Strength and Weakness of Lagnam Spintex Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (137.15 cr) and profit (7.23 cr) over the years.
  1. The stock has a low average ROCE of 9.42%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 110.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 122.75, which may not be favorable.
  4. The company has higher borrowings (117.67) compared to reserves (35.58), which may suggest financial risk.

FAQ

What is the latest fair value of Lagnam Spintex Ltd?

The latest fair value of Lagnam Spintex Ltd is ₹169.95.

What is the Market Cap of Lagnam Spintex Ltd?

The Market Cap of Lagnam Spintex Ltd is 279 Cr..

What is the current Stock Price of Lagnam Spintex Ltd as on 26 July 2024?

The current stock price of Lagnam Spintex Ltd as on 26 July 2024 is 158.

What is the High / Low of Lagnam Spintex Ltd stocks in FY 2024?

In FY 2024, the High / Low of Lagnam Spintex Ltd stocks is 176/62.2.

What is the Stock P/E of Lagnam Spintex Ltd?

The Stock P/E of Lagnam Spintex Ltd is 19.2.

What is the Book Value of Lagnam Spintex Ltd?

The Book Value of Lagnam Spintex Ltd is 61.7.

What is the Dividend Yield of Lagnam Spintex Ltd?

The Dividend Yield of Lagnam Spintex Ltd is 0.32 %.

What is the ROCE of Lagnam Spintex Ltd?

The ROCE of Lagnam Spintex Ltd is 9.43 %.

What is the ROE of Lagnam Spintex Ltd?

The ROE of Lagnam Spintex Ltd is 14.3 %.

What is the Face Value of Lagnam Spintex Ltd?

The Face Value of Lagnam Spintex Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Lagnam Spintex Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE