LAKSHMI MACHINE 2018-19 Annual Report Analysis

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

LAKSHMI MACHINE 2018-19 Annual Report Analysis
Mon, 24 Jun

LAKSHMI MACHINE has announced its results for the year ended March 2019. Let us have a look at the detailed performance review of the company during FY18-19.

LAKSHMI MACHINE Income Statement Analysis

  • Operating income during the year rose 5.1% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 0.6% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 10.1% in FY19 as against 10.7% in FY18.
  • Depreciation charges decreased by 27.0% and finance costs increased by 51.9% YoY, respectively.
  • Other income declined by 4.7% YoY.
  • Net profit for the year declined by 13.6% YoY.
  • Net profit margins during the year declined from 8.0% in FY18 to 6.6% in FY19.

LAKSHMI MACHINE Income Statement 2018-19

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Net Sales Rs m 25,810 27,118 5.1%
Other income Rs m 1,075 1,024 -4.7%
Total Revenues Rs m 26,885 28,142 4.7%
Gross profit Rs m 2,755 2,739 -0.6%
Depreciation Rs m 759 554 -27.0%
Interest Rs m 8 12 51.9%
Profit before tax Rs m 3,064 3,198 4.4%
Tax Rs m 877 972 10.8%
Profit after tax Rs m 2,146 1,854 -13.6%
Gross profit margin % 10.7 10.1
Effective tax rate % 28.6 30.4
Net profit margin % 8.0 6.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



LAKSHMI MACHINE Balance Sheet Analysis

  • The company's current liabilities during FY19 down at Rs 7 billion as compared to Rs 8 billion in FY18, thereby witnessing an decrease of -12.3%.
  • Long-term debt down at Rs 29 million as compared to Rs 30 million during FY18, a fall of 0.7%.
  • Current assets fell 28% and stood at Rs 13 billion, while fixed assets rose 20% and stood at Rs 7 billion in FY19.
  • Overall, the total assets and liabilities for FY19 stood at Rs 25 billion as against Rs 26 billion during FY18, thereby witnessing a fall of 7%.

LAKSHMI MACHINE Balance Sheet as on March 2019

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Networth Rs m 17,467 17,103 -2.1
 
Current Liabilities Rs m 7,903 6,930 -12.3
Long-term Debt Rs m 30 29 -0.7
Total Liabilities Rs m 26,351 24,567 -6.8
 
Current assets Rs m 17,465 12,630 -27.7
Fixed Assets Rs m 5,916 7,111 20.2
Total Assets Rs m 26,351 24,567 -6.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



LAKSHMI MACHINE Cash Flow Statement Analysis

  • LAKSHMI MACHINE's cash flow from operating activities (CFO) during FY19 stood at Rs 988 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY19 stood at Rs 287 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY19 stood at Rs -2 billion on a YoY basis.
  • Overall, net cash flows for the company during FY19 stood at Rs -878 million from the Rs 1 billion net cash flows seen during FY18.

LAKSHMI MACHINE Cash Flow Statement 2018-19

Particulars No. of months 12 12 % Change
Year Ending Mar-18 Mar-19
Cash Flow from Operating Activities Rs m 2,105 988 -53.1%
Cash Flow from Investing Activities Rs m -228 287 -
Cash Flow from Financing Activities Rs m -440 -2,153 -
Net Cash Flow Rs m 1,437 -878 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for LAKSHMI MACHINE

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 173.6, an decline from the EPS of Rs 195.8 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 5,150.0, stands at 33.7 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 4.6 times, while the price to sales ratio stands at 2.9 times.
  • The company's price to cash flow (P/CF) ratio stood at 26.5 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Sales per share (Unadj.) Rs 2,354.9 2,539.1
TTM Earnings per share Rs 195.8 173.6
Diluted earnings per share Rs 173.5 149.9
Price to Cash Flow x 19.4 26.5
TTM P/E ratio x 29.8 33.7
Price / Book Value ratio x 3.5 4.6
Market Cap Rs m 56,444 63,706
Dividends per share (Unadj.) Rs 40.0 35.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for LAKSHMI MACHINE

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 1.8x during FY19, from 2.2x during FY18. The current ratio measures the company's ability to pay short-term and long-term obligations.

    Interest Coverage Ratio: The company's interest coverage ratio deteriorated and stood at 274.3x during FY19, from 398.9x during FY18. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company declined and down at 10.8% during FY19, from 12.3% during FY19. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

    Return on Capital Employed (ROCE): The ROCE for the company declined and down at 16.6% during FY19, from 17.3% during FY18. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

    Return on Assets (ROA): The ROA of the company declined and down at 7.6% during FY19, from 8.2% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Current ratio x 2.2 1.8
Debtors’ Days Days 35 26
Interest coverage x 398.9 274.3
Debt to equity ratio x 0.0 0.0
Return on assets % 8.2 7.6
Return on equity % 12.3 10.8
Return on capital employed % 17.3 16.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how LAKSHMI MACHINE has performed over the last 5 years, please visit here.

LAKSHMI MACHINE Share Price Performance

Over the last one year, LAKSHMI MACHINE share price has moved up from Rs 7,907.8 to Rs 5,150.0, registering a loss of Rs 2,757.8 or around 34.9%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 19,665.4 (up 0.3%). Over the last one year it has moved up from 17,802.3 to 19,665.4, a gain of 1,863 points (up 10.5%).

Overall, the S&P BSE SENSEX is up 10.6% over the year.

(To know more, check out historical annual results for LAKSHMI MACHINE and quarterly results for LAKSHMI MACHINE)

Equitymaster requests your view! Post a comment on "LAKSHMI MACHINE 2018-19 Annual Report Analysis". Click here!

  

Related Views on News

LAKSHMI MACHINE Announces Quarterly Results (3QFY20); Net Profit Down 89.6% (Quarterly Result Update)

Jan 28, 2020 | Updated on Jan 28, 2020

For the quarter ended December 2019, LAKSHMI MACHINE has posted a net profit of Rs 65 m (down 89.6% YoY). Sales on the other hand came in at Rs 3 bn (down 51.4% YoY). Read on for a complete analysis of LAKSHMI MACHINE's quarterly results.

LAKSHMI MACHINE Announces Quarterly Results (2QFY20); Net Profit Down 56.9% (Quarterly Result Update)

Nov 5, 2019 | Updated on Nov 5, 2019

For the quarter ended September 2019, LAKSHMI MACHINE has posted a net profit of Rs 174 m (down 56.9% YoY). Sales on the other hand came in at Rs 4 bn (down 46.7% YoY). Read on for a complete analysis of LAKSHMI MACHINE's quarterly results.

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

More Views on News

Most Popular

Multibaggers of the Next Decade(The 5 Minute Wrapup)

Feb 26, 2020

The one key ingredient to be seen amongst top multibaggers of the next decade.

The Next Few Days Are Crucial for Smallcap Investors - And 3 Must-Buy Stocks(Profit Hunter)

Feb 19, 2020

While I have been writing about the rebound in smallcaps for quite some time now... I have shied from the question - When exactly is the smallcap rebound happening. Well, the answer is now.

The Top 8 Trading Mistakes You Should Avoid(Fast Profits Daily)

Feb 18, 2020

Avoid these mistakes and your trading will turn much more profitable.

Corona Virus Could Trigger a Rally in this Stock(Profit Hunter)

Feb 20, 2020

A company which benefits from crude oil and coronavirus - if you would like to know more about it read this.

This is What You Must Know as an Options Trader Today(Fast Profits Daily)

Feb 27, 2020

How you can stay on top of the challenges as an options trader.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

TRACK LAKSHMI MACHINE

  • Track your investment in LAKSHMI MACHINE with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON LAKSHMI MACHINE

LAKSHMI MACHINE - ABB COMPARISON

COMPARE LAKSHMI MACHINE WITH

MARKET STATS