LAXMI ELECTRICAL CONTROL
Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Stock Synopsis
Forum Discription: A bried discussion of companies on very specific matters. Normally this is the prelude for further research as always members would be discussing quality companies with good management only
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=905
Printed Date: 21/Apr/2025 at 12:04pm
Topic: LAXMI ELECTRICAL CONTROL
Posted By: psimajin
Subject: LAXMI ELECTRICAL CONTROL
Date Posted: 15/May/2007 at 6:43pm
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Laxmi Electrical is promoted by LMW. At cmp of Rs 256 it look very attractive with eps (ttm) 30 ,PE 8 & M/cap of 63 cr. |
Replies:
Posted By: Nitesh_Inc
Date Posted: 02/Nov/2008 at 2:01pm
Does this look any better at CMP 140 EPS(40 approx) PE 3.5 Market Cap 35 cr. ? ------------- An investor convinces himself, an analyst convinces others. |
Posted By: Vivek Sukhani
Date Posted: 02/Nov/2008 at 4:50pm
Book Value??
Dividend???
------------- Jai Guru!!! |
Posted By: Nitesh_Inc
Date Posted: 02/Nov/2008 at 8:39pm
Well Book Value is 200
Reasonable dividend history :
2008 6
2007 5
2006 5
2005 Div was there (figure not available)
2004 3
2003 2.5
2002 2
2001 2
Q3 result not yet out ------------- An investor convinces himself, an analyst convinces others. |
Posted By: Vivek Sukhani
Date Posted: 02/Nov/2008 at 8:44pm
Results are out, i guess. I saw it in a newspaper a couple of days back, if I remember correctly.
good fundamentals, I must say. But check the results, before committing any fresh money. That applies generally to all stocks.
------------- Jai Guru!!! |
Posted By: Nitesh_Inc
Date Posted: 02/Nov/2008 at 8:59pm
BSE website wasnt updated with the result.
Please let me know which newspaper/date if you remember.
Thanks,
Nitesh ------------- An investor convinces himself, an analyst convinces others. |
Posted By: Vivek Sukhani
Date Posted: 02/Nov/2008 at 9:13pm
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Try http://www.sebiedifar.nic.in - http://www.sebiedifar.nic.in
There click on quaretrly earnings tab and locate your company's name. I just checked out, the company has posted the results for 09-08 quarter. ------------- Jai Guru!!! |
Posted By: Nitesh_Inc
Date Posted: 02/Nov/2008 at 9:39pm
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Thanks,
http://sebiedifar.nic.in/sebi_quarternb_pub_result.asp?cid=INE284C01018&cname=Lakshmi+Electrical+Control+Systems+Ltd&x=09&y=2008 - http://sebiedifar.nic.in/sebi_quarternb_pub_result.asp?cid=INE284C01018&cname=Lakshmi+Electrical+Control+Systems+Ltd&x=09&y=2008
Results dont look too bad.
55% increase in sales to 36.5 crores vs. same qtr FY08
But a flat profit figure becuase of a concerning jump in expenditure.
This is on account of an increase in raw mat cost.
Interest cost is going down.
Debt:Equity has improved considerably over the last couple of years
from 3:2 in FY07 to 3:1 in FY08 and might be further in FY09 (I dont have the figure available)
------------- An investor convinces himself, an analyst convinces others. |
Posted By: Vivek Sukhani
Date Posted: 02/Nov/2008 at 9:43pm
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3:1 from 3:2 is actually bad, unless you are talking equity:debt. ------------- Jai Guru!!! |
Posted By: Nitesh_Inc
Date Posted: 02/Nov/2008 at 9:55pm
Oh i m sorry, D/E is 1:3 vs 2:3
I more concern that a friend of mine had is the shareholding pattern http://sebiedifar.nic.in/sebi_shareptn_pub_report1.asp?cid=INE284C01018&x=09&y=2008&cname=Lakshmi%20Electrical%20Control%20Systems%20Ltd - http://sebiedifar.nic.in/sebi_shareptn_pub_report1.asp?cid=INE284C01018&x=09&y=2008&cname=Lakshmi%20Electrical%20Control%20Systems%20Ltd
20% promoters holding and 80% pulic holding.
Out of the 80% :
Body Corp hold around 15% and retail investors around 58%.
Is such a less promoter holding really a great cause of concern? ------------- An investor convinces himself, an analyst convinces others. |
Posted By: Vivek Sukhani
Date Posted: 02/Nov/2008 at 10:00pm
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truly is...... ------------- Jai Guru!!! |
Posted By: Nitesh_Inc
Date Posted: 03/Nov/2008 at 4:23pm
But it has been this way for a very very long time now.
They haven't sold it off in the recent turmoil.
 I've seen other good companies as well, where promoter holding is low.
I somehow dont feel that the promoter group LMW is too bad.
------------- An investor convinces himself, an analyst convinces others. |
Posted By: patientbull
Date Posted: 01/Oct/2012 at 1:26am
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In annual report remuneration of MD(on renewal of contract for 5 years) is stated as:
Rs 5 Lacs per month + 4% net profit annually + furnished accommodation + clubfees + pensions etc! Isn't it too generous for MD who has achieved net profit and EPS in year '12 marginally lower than year '08. My impression was that LMW group is clean but now I am not sure and so not buying this stock. Senior members comments welcome. |