Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

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. Anil ShahIndependent Director
Ms. Dipali MathurIndependent Director
Mr. Vijay Singh BapnaIndependent Director
Mr. Jagadish Chandra LaddhaIndependent Director

Lagnam Spintex Ltd. Share Price Update

Share PriceValue
Today₹115.50
Previous Day₹119.50

Basic Stock Data of Lagnam Spintex Ltd

Market Cap 211 Cr.
Current Price 120
High / Low149/40.5
Stock P/E24.0
Book Value 54.9
Dividend Yield0.00 %
ROCE8.99 %
ROE10.9 %
Face Value 10.0

Data Source: screener.in

Lagnam Spintex Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales49.9562.7172.9374.7281.3490.95101.4479.2362.9372.1390.3771.7292.55
Expenses45.6252.6758.6761.6468.5273.2886.5966.2457.5267.1782.9464.5485.96
Operating Profit4.3310.0414.2613.0812.8217.6714.8512.995.414.967.437.186.59
OPM %8.67%16.01%19.55%17.51%15.76%19.43%14.64%16.40%8.60%6.88%8.22%10.01%7.12%
Other Income0.100.140.060.000.080.220.220.030.130.040.040.030.03
Interest2.723.113.172.752.522.832.782.472.492.643.383.492.95
Depreciation1.901.841.931.891.891.911.841.881.791.841.821.801.87
Profit before tax-0.195.239.228.448.4913.1510.458.671.260.522.271.921.80
Tax %705.26%13.38%32.97%27.37%27.09%28.52%32.44%28.26%-29.37%25.00%33.04%29.17%28.33%
Net Profit1.154.546.196.136.209.407.066.211.640.391.521.361.29
EPS in Rs0.652.573.503.473.515.324.003.510.930.220.860.770.73

Lagnam Spintex Ltd Quarterly Chart

Lagnam Spintex Ltd Profit & Loss

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:24%
5 Years:29%
3 Years:20%
TTM:20%
Compounded Profit Growth
10 Years:35%
5 Years:16%
3 Years:106%
TTM:-43%
Stock Price CAGR
10 Years:%
5 Years:51%
3 Years:100%
1 Year:129%
Return on Equity
10 Years:16%
5 Years:16%
3 Years:20%
Last Year:11%

Lagnam Spintex Ltd Balance Sheet

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0065-4-762313
Cash from Investing Activity 00-16-6-82-310-2-25
Cash from Financing Activity 00929232-6-178
Net Cash Flow00-007-6-04-4

Lagnam Spintex Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days5051506044388855624234
Inventory Days6151595152828611210490138
Days Payable873651427321327
Cash Conversion Cycle1039610510591105147136153130165
Working Capital Days897784958497165114123116145
ROCE %0%1%12%11%12%14%12%7%5%8%22%9%

Lagnam Spintex Ltd Financial Efficiency Indicators Chart

No data available for the Shareholding

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

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 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)5.5316.302.560.643.20
Diluted EPS (Rs.)5.5316.302.560.643.20
Cash EPS (Rs.)9.6720.566.824.004.18
Book Value[Excl.RevalReserv]/Share (Rs.)53.3648.3133.3230.7530.12
Book Value[Incl.RevalReserv]/Share (Rs.)53.3648.3133.3230.7530.12
Dividend / Share (Rs.)0.001.000.500.000.00
Revenue From Operations / Share (Rs.)172.43197.20116.2599.8645.46
PBDIT / Share (Rs.)17.5633.3614.818.976.57
PBIT / Share (Rs.)13.4129.1010.555.615.08
PBT / Share (Rs.)7.2022.953.960.343.64
Net Profit / Share (Rs.)5.5316.302.560.632.70
PBDIT Margin (%)10.1816.9112.738.9814.44
PBIT Margin (%)7.7714.759.075.6111.18
PBT Margin (%)4.1711.633.400.348.01
Net Profit Margin (%)3.208.262.200.635.94
Return on Networth / Equity (%)10.3533.737.682.068.97
Return on Capital Employeed (%)11.2023.999.765.895.73
Return On Assets (%)3.1310.281.810.462.52
Long Term Debt / Equity (X)1.031.272.091.981.82
Total Debt / Equity (X)1.951.672.602.822.21
Asset Turnover Ratio (%)1.031.320.830.810.58
Current Ratio (X)1.351.911.681.131.66
Quick Ratio (X)0.511.041.000.591.25
Inventory Turnover Ratio (X)3.384.813.235.164.25
Dividend Payout Ratio (NP) (%)0.006.130.000.000.00
Dividend Payout Ratio (CP) (%)0.004.860.000.000.00
Earning Retention Ratio (%)0.0093.870.000.000.00
Cash Earning Retention Ratio (%)0.0095.140.000.000.00
Interest Coverage Ratio (X)2.835.422.251.704.55
Interest Coverage Ratio (Post Tax) (X)1.893.651.391.122.87
Enterprise Value (Cr.)271.01292.67178.30166.44138.53
EV / Net Operating Revenue (X)0.880.830.860.941.72
EV / EBITDA (X)8.734.976.8110.5011.94
MarketCap / Net Operating Revenue (X)0.280.440.120.070.34
Retention Ratios (%)0.0093.860.000.000.00
Price / BV (X)0.921.810.440.240.52
Price / Net Operating Revenue (X)0.280.440.120.070.34
EarningsYield0.110.180.170.080.17

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 of Lagnam Spintex Ltd Stock

Fair Value: ₹146.49

The stock is undervalued by 22.08% compared to the current price ₹120

*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 is trading at a high valuation with an average P/B ratio of 16.25 and average Dividend Yield of 9.68%.
  2. The stock has a low average ROCE of 9.42%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 99.08, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 111.33, which may not be favorable.
  5. The company has higher borrowings (105.54) compared to reserves (32.46), which may suggest financial risk.

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