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LXCHEM
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Recent events
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Laxmi Organic Industries Dec-Quarter Consol Net Profit 293.1 Mln Rupees
Jan 22 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
DEC-QUARTER CONSOL NET PROFIT 293.1 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 7.86 BILLION RUPEES
Source text: ID:nBSE8qFvD7
Further company coverage: LAXR.NS
(([email protected];;))
Jan 22 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
DEC-QUARTER CONSOL NET PROFIT 293.1 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 7.86 BILLION RUPEES
Source text: ID:nBSE8qFvD7
Further company coverage: LAXR.NS
(([email protected];;))
India's Laxmi Organic Industries gains after upbeat Q2 results
** Shares of India's Laxmi Organic Industries LAXR.NS climb 9.7% to 277 rupees, extending gains to a third session
** Specialty chemicals maker's consol Q2 profit after tax more than doubled to 280 mln rupees ($3.33 mln), rev rose 18%
** Co also approved 1.82 bln rupees capex for two plants, one each in states of Gujarat and Maharashtra
** Trading vols 3.5 mln shares vs 30-day avg of ~1.3 mln shares
** Day's move trims YTD losses to 4.4%
($1 = 84.0675 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of India's Laxmi Organic Industries LAXR.NS climb 9.7% to 277 rupees, extending gains to a third session
** Specialty chemicals maker's consol Q2 profit after tax more than doubled to 280 mln rupees ($3.33 mln), rev rose 18%
** Co also approved 1.82 bln rupees capex for two plants, one each in states of Gujarat and Maharashtra
** Trading vols 3.5 mln shares vs 30-day avg of ~1.3 mln shares
** Day's move trims YTD losses to 4.4%
($1 = 84.0675 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Laxmi Organic Industries Sept-Quarter Consol Net Profit 280.9 Million Rupees
Oct 29 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
LAXMI ORGANIC INDUSTRIES SEPT-QUARTER CONSOL NET PROFIT 280.9 MILLION RUPEES
LAXMI ORGANIC INDUSTRIES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 7.71 BILLION RUPEES
Source text: [ID:]
Further company coverage: LAXR.NS
(([email protected];))
Oct 29 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
LAXMI ORGANIC INDUSTRIES SEPT-QUARTER CONSOL NET PROFIT 280.9 MILLION RUPEES
LAXMI ORGANIC INDUSTRIES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 7.71 BILLION RUPEES
Source text: [ID:]
Further company coverage: LAXR.NS
(([email protected];))
Laxmi Organic Industries Says Site 2 At Raigad Will Be Undergoing Scheduled Annual Turnaround
Oct 8 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
SITE 2 AT RAIGAD WILL BE UNDERGOING SCHEDULED ANNUAL TURNAROUND
Source text for Eikon: ID:nBSEbR0TT5
Further company coverage: LAXR.NS
(([email protected];;))
Oct 8 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
SITE 2 AT RAIGAD WILL BE UNDERGOING SCHEDULED ANNUAL TURNAROUND
Source text for Eikon: ID:nBSEbR0TT5
Further company coverage: LAXR.NS
(([email protected];;))
Laxmi Organic Industries Says Approached Odisha Government For Land For Establishing Facility
Sept 19 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
APPROACHED ODISHA GOVERNMENT FOR LAND FOR ESTABLISHING FACILITY
NO INVESTMENT DECISION FINALIZED, APPROVED
Source text for Eikon: ID:nBSE9rWYmY
Further company coverage: LAXR.NS
(([email protected];;))
Sept 19 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
APPROACHED ODISHA GOVERNMENT FOR LAND FOR ESTABLISHING FACILITY
NO INVESTMENT DECISION FINALIZED, APPROVED
Source text for Eikon: ID:nBSE9rWYmY
Further company coverage: LAXR.NS
(([email protected];;))
Laxmi Organic Industries Says CFO Tanushree Bagrodia Has Resigned
July 1 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
CFO TANUSHREE BAGRODIA HAS RESIGNED
Further company coverage: LAXR.NS
(([email protected];))
July 1 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
CFO TANUSHREE BAGRODIA HAS RESIGNED
Further company coverage: LAXR.NS
(([email protected];))
India's Laxmi Organic Industries up on Q4 profit jump
** Shares of Laxmi Organic Industries LAXR.NS up as much as 7.5% to 275.90 rupees; last up 3.2%
** The specialty chemicals manufacturer reported a 82.2% Y/Y jump in its March-qtr consolidated net profit to 443.05 mln rupees ($5.3 mln)
** Revenue from operations rose 8.4% Y/Y
** Co also approved the issuance of non-convertible debentures worth up to 5 bln rupees
** More than 5.1 mln shares traded by 10:28 a.m. IST, 5.9x its 30-day avg
** Including session's move, stock is down 8.8% YTD, compared to a 9.1% rise in the benchmark Nifty 500 index .NIFTY500
($1 = 83.2500 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
** Shares of Laxmi Organic Industries LAXR.NS up as much as 7.5% to 275.90 rupees; last up 3.2%
** The specialty chemicals manufacturer reported a 82.2% Y/Y jump in its March-qtr consolidated net profit to 443.05 mln rupees ($5.3 mln)
** Revenue from operations rose 8.4% Y/Y
** Co also approved the issuance of non-convertible debentures worth up to 5 bln rupees
** More than 5.1 mln shares traded by 10:28 a.m. IST, 5.9x its 30-day avg
** Including session's move, stock is down 8.8% YTD, compared to a 9.1% rise in the benchmark Nifty 500 index .NIFTY500
($1 = 83.2500 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
India's Laxmi Organic Industries March-Quarter Consol Net Profit Rises
May 21 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
MARCH-QUARTER CONSOL NET PROFIT 443.1 MILLION RUPEES VERSUS 243.2 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 7.92 BILLION RUPEES VERSUS 7.3 BILLION RUPEES
APPROVED ISSUANCE OF NCDS WORTH UPTO 5 BLN RUPEES
Source text for Eikon: ID:nBSE8F2M6Y
Further company coverage: LAXR.NS
(([email protected];))
May 21 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
MARCH-QUARTER CONSOL NET PROFIT 443.1 MILLION RUPEES VERSUS 243.2 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 7.92 BILLION RUPEES VERSUS 7.3 BILLION RUPEES
APPROVED ISSUANCE OF NCDS WORTH UPTO 5 BLN RUPEES
Source text for Eikon: ID:nBSE8F2M6Y
Further company coverage: LAXR.NS
(([email protected];))
Laxmi Organic Industries Says Manufacturing Unit In Maharashtra To Undergo Scheduled Annual Turnaround
March 26 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
MANUFACTURING UNIT IN MAHARASHTRA TO UNDERGO SCHEDULED ANNUAL TURNAROUND FOR BOILER INSPECTION IN APRIL
DURING TURNAROUND AVAILABILITY OF PRODUCTS WILL BE LIMITED
Source text for Eikon: ID:nBSE7VwB8k
Further company coverage: LAXR.NS
(([email protected];))
March 26 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
MANUFACTURING UNIT IN MAHARASHTRA TO UNDERGO SCHEDULED ANNUAL TURNAROUND FOR BOILER INSPECTION IN APRIL
DURING TURNAROUND AVAILABILITY OF PRODUCTS WILL BE LIMITED
Source text for Eikon: ID:nBSE7VwB8k
Further company coverage: LAXR.NS
(([email protected];))
Laxmi Organic Industries Posts Dec-Quarter Consol Net Profit 271.9 Million Rupees
Jan 24 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
LAXMI ORGANIC INDUSTRIES DEC-QUARTER CONSOL NET PROFIT 271.9 MILLION RUPEES VERSUS 272.3 MILLION RUPEES
LAXMI ORGANIC INDUSTRIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 6.94 BILLION RUPEES VERSUS 6.55 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: LAXR.NS
(([email protected];))
Jan 24 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
LAXMI ORGANIC INDUSTRIES DEC-QUARTER CONSOL NET PROFIT 271.9 MILLION RUPEES VERSUS 272.3 MILLION RUPEES
LAXMI ORGANIC INDUSTRIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 6.94 BILLION RUPEES VERSUS 6.55 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: LAXR.NS
(([email protected];))
India's Laxmi Organic Industries Sept-Quarter Consol Net Profit Rises
Oct 26 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
SEPT-QUARTER CONSOL NET PROFIT 107.1 MILLION RUPEES VERSUS 86 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.52 BILLION RUPEES VERSUS 6.52 BILLION RUPEES
Source text for Eikon: ID:nBSEb39Pc4
Further company coverage: LAXR.NS
(([email protected];))
Oct 26 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
SEPT-QUARTER CONSOL NET PROFIT 107.1 MILLION RUPEES VERSUS 86 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.52 BILLION RUPEES VERSUS 6.52 BILLION RUPEES
Source text for Eikon: ID:nBSEb39Pc4
Further company coverage: LAXR.NS
(([email protected];))
India's Laxmi Organic Industries climbs on capex plan
** Shares of Laxmi Organic Industries LAXR.NS rise as much as 4% to 274.2 rupees, highest since June 7
** Specialty chemicals maker says it has approved 7.10 bln rupees ($86.3 mln) capex plan for new manufacturing site at Dahej, Gujarat, with above 100,000 tonnes per annum capacity addition
** On Friday LAXR reported a 40.5% fall in June-qtr profit, hurt by revenue fall
** Trading volume at ~3.1 mln shares, 6.2x the 30-day avg of ~501,700 shares as of 1:00 p.m. IST
** Stock last down 8.5~% YTD
($1 = 82.2525 Indian rupees)
(Reporting by Biplob Kumar Das in Bengaluru)
** Shares of Laxmi Organic Industries LAXR.NS rise as much as 4% to 274.2 rupees, highest since June 7
** Specialty chemicals maker says it has approved 7.10 bln rupees ($86.3 mln) capex plan for new manufacturing site at Dahej, Gujarat, with above 100,000 tonnes per annum capacity addition
** On Friday LAXR reported a 40.5% fall in June-qtr profit, hurt by revenue fall
** Trading volume at ~3.1 mln shares, 6.2x the 30-day avg of ~501,700 shares as of 1:00 p.m. IST
** Stock last down 8.5~% YTD
($1 = 82.2525 Indian rupees)
(Reporting by Biplob Kumar Das in Bengaluru)
India's Laxmi Organic Industries June-Quarter Consol Net Profit Falls
July 28 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
INDIA'S LAXMI ORGANIC INDUSTRIES JUNE-QUARTER CONSOL NET PROFIT 383.3 MILLION RUPEES VERSUS PROFIT 644.3 MILLION RUPEES
LAXMI ORGANIC INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.34 BILLION RUPEES VERSUS 7.57 BILLION RUPEES
Source text for Eikon: ID:nBSE3Q2RXn
Further company coverage: LAXR.NS
(([email protected];))
July 28 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
INDIA'S LAXMI ORGANIC INDUSTRIES JUNE-QUARTER CONSOL NET PROFIT 383.3 MILLION RUPEES VERSUS PROFIT 644.3 MILLION RUPEES
LAXMI ORGANIC INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.34 BILLION RUPEES VERSUS 7.57 BILLION RUPEES
Source text for Eikon: ID:nBSE3Q2RXn
Further company coverage: LAXR.NS
(([email protected];))
Laxmi Organic Industries Says Unit Commissioned 1St Phase Of Manufacturing Facility At G-60, Midc, Lote Parshuram, Maharashtra
July 24 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
UNIT COMMISSIONED 1ST PHASE OF MANUFACTURING FACILITY AT G-60, MIDC, LOTE PARSHURAM, MAHARASHTRA
Source text for Eikon: ID:nBSE8FTYrT
Further company coverage: LAXR.NS
(([email protected];;))
July 24 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
UNIT COMMISSIONED 1ST PHASE OF MANUFACTURING FACILITY AT G-60, MIDC, LOTE PARSHURAM, MAHARASHTRA
Source text for Eikon: ID:nBSE8FTYrT
Further company coverage: LAXR.NS
(([email protected];;))
India's Laxmi Organic Industries loses over 4% on slide in Q4 earnings
** Shares of Laxmi Organic Industries Ltd LAXR.NS fall as much as 4.45% to 260 rupees, a one-month low
** Specialty chemicals maker reports 65% Y/Y fall in consolidated net profit in March quarter to 243.16 mln rupees
** Revenue from operations falls 17% Y/Y to 7.33 bln rupees
** Core profit falls 29% Y/Y to 607.07 mln rupees, while core profit margin contracts to 8.28% from 9.67% Y/Y
** Trading volume is 793,274 shares as of 12:16 p.m. IST, 0.8x the 30-day avg - Refinitiv data
($1 = 81.7800 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
** Shares of Laxmi Organic Industries Ltd LAXR.NS fall as much as 4.45% to 260 rupees, a one-month low
** Specialty chemicals maker reports 65% Y/Y fall in consolidated net profit in March quarter to 243.16 mln rupees
** Revenue from operations falls 17% Y/Y to 7.33 bln rupees
** Core profit falls 29% Y/Y to 607.07 mln rupees, while core profit margin contracts to 8.28% from 9.67% Y/Y
** Trading volume is 793,274 shares as of 12:16 p.m. IST, 0.8x the 30-day avg - Refinitiv data
($1 = 81.7800 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
Laxmi Organic Industries Approved Proposal To Raise Further Funds
April 20 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
APPROVED PROPOSAL TO RAISE FURTHER FUNDS
Source text for Eikon: ID:nBSE7ZDCfl
Further company coverage: LAXR.NS
(([email protected];))
April 20 (Reuters) - Laxmi Organic Industries Ltd LAXR.NS:
APPROVED PROPOSAL TO RAISE FURTHER FUNDS
Source text for Eikon: ID:nBSE7ZDCfl
Further company coverage: LAXR.NS
(([email protected];))
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What does Laxmi Organic Inds. do?
Laxmi Organic Industries Limited is a prominent manufacturer of Acetyl Intermediates and Specialty Intermediates used in industries like pharmaceuticals, agrochemicals, and paints, with over 30 years of expertise.
Who are the competitors of Laxmi Organic Inds.?
Laxmi Organic Inds. major competitors are India Glycols, Neogen Chemicals, Grauer & Weil (I), GHCL, NOCIL, Chemplast Sanmar, Foseco India. Market Cap of Laxmi Organic Inds. is ₹5,016 Crs. While the median market cap of its peers are ₹4,328 Crs.
Is Laxmi Organic Inds. financially stable compared to its competitors?
Laxmi Organic Inds. seems to be less financially stable compared to its competitors. Altman Z score of Laxmi Organic Inds. is 5.18 and is ranked 6 out of its 8 competitors.
Does Laxmi Organic Inds. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Laxmi Organic Inds. latest dividend payout ratio is 13.73% and 3yr average dividend payout ratio is 10.51%
How has Laxmi Organic Inds. allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments
How strong is Laxmi Organic Inds. balance sheet?
Balance sheet of Laxmi Organic Inds. is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Laxmi Organic Inds. improving?
The profit is oscillating. The profit of Laxmi Organic Inds. is ₹136 Crs for TTM, ₹121 Crs for Mar 2024 and ₹125 Crs for Mar 2023.
Is the debt of Laxmi Organic Inds. increasing or decreasing?
Yes, The debt of Laxmi Organic Inds. is increasing. Latest debt of Laxmi Organic Inds. is ₹65.52 Crs as of Sep-24. This is greater than Mar-24 when it was -₹498.13 Crs.
Is Laxmi Organic Inds. stock expensive?
Laxmi Organic Inds. is not expensive. Latest PE of Laxmi Organic Inds. is 36.87, while 3 year average PE is 58.5. Also latest EV/EBITDA of Laxmi Organic Inds. is 16.36 while 3yr average is 28.9.
Has the share price of Laxmi Organic Inds. grown faster than its competition?
Laxmi Organic Inds. has given lower returns compared to its competitors. Laxmi Organic Inds. has grown at ~0.2% over the last 4yrs while peers have grown at a median rate of 28.38%
Is the promoter bullish about Laxmi Organic Inds.?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Laxmi Organic Inds. is 69.38% and last quarter promoter holding is 69.38%.
Are mutual funds buying/selling Laxmi Organic Inds.?
The mutual fund holding of Laxmi Organic Inds. is increasing. The current mutual fund holding in Laxmi Organic Inds. is 3.29% while previous quarter holding is 2.98%.