Laxmi Cotspin Ltd.
Snapshot View

28.10 +2.55 ▲10.0%

23 July 2021, 03:40:34 P.M.
Volume: 60,000

Overview View Details

Sector Textile Compare with Sector peers
Industry Textile - Spinning Compare with Industry peers
Website http://www.laxmicotspin.com
Financial Indicators
Market Cap 48.18 Cr.
Earnings per share (EPS) 0.63 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 44.41 Trailing Twelve Months Ending 2021-03
Industry PE 27.91 Trailing Twelve Months Ending 2021-03
Book Value / Share 27.42 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.02 Calculated using Price: 28.10
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 1.71 Cr. 17,147,670 Shares
FaceValue 10
Company Profile

Laxmi Cotspin was established in year 2006 with a capacity of 13200 spindles with combers in the first phase. Over the years the company has expanded upto 16800 spindels with compact, lycra and slub attachment. Addition to this, the company has set up one open end unit with 1200 Rotors. The company has established a strong customer base and good marketing setup. It has also started its own ‘Organic Cotton Farming Project and Better Cotton (BCI) Project’ in Jalna District, with 4,750 farmers in 13,200 acre of cultivation land and yield capacity of initially 55,000 quintals Kapas (11,000 BCI certified own ginned cotton bales) further expanded upto 40,000 bales per crop seasons in near future.

The company’s plant is equipped with fully automatic, dust and pollution, modern colour contamination removal and yarn conditioning systems. The company is approved as Mega Project under IPS Scheme 2007 of Maharashtra State Government and is enjoying the same for 8 years. The company’s technical team in spinning is well equipped with modern spinning technology and processing techniques by virtue of which it is able to ensure quality yarn. Operators are committed and they are trained in European training methods for efficient and quality work.

The company’s operations are supported by modern testing instruments installed in its quality assurance laboratory, includes UT- 5 (Uster Switzerland), HVI, Single Yarn Tester, Aqura Process Control Management (Premium India). Beside of these basic instruments from Statex, Online Contamination Removal System SIRO facility at Autowinder maintains the contamination free world class premium quality cotton, yarns and garments.

Business area of the company

The company is engaged in the business of cotton processing in textile industry with its production facilities located in cotton growing areas of Marathwada and Vidarbha region at Samangaon which is situated in the Jalna district of State of Maharashtra. It is manufacturer of yarn and it has an existing open end and ring spinning unit to cater to the yarn markets in Maharashtra and Gujarat. The company’s business is spread among home textiles, weaving sector, Denim Manufactures and hosiery manufacturers through open end yarn and ring spun yarn. It is manufacturing premium quality 100% cotton combed and carded hosiery/ warp conventional, organic and BCI yarn in count range of 30s Ne to 40s Ne for the purpose of exporting to Asian and European countries.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+9.98%
1 Week
+80.13%
1 Month
+70.30%
3 Month
+203.78%
6 Month
+181.00%
1 Year
+181.00%
2 Year
+116.15%
5 Year
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 1.57 7.49 11.05 6.04 8.14 6.40 5.94 8.04 -1.85
Return on Capital Employed (%) 8.71 11.81 12.91 9.84 7.75 6.81 7.71 9.33 3.97
Return on Assets (%) 0.59 3.06 4.94 2.69 3.99 2.97 2.39 3.33 -0.82

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 28 32 37 38 41 43 44 47 47
Non Curr. Liab. 13 15 13 15 9 17 15 11 9
Curr. Liab. 34 24 33 33 26 46 52 51 47
Minority Int.
Equity & Liab. 75 71 82 86 76 105 111 109 103
Non Curr. Assets 32 35 33 34 30 43 39 35 34
Curr. Assets 43 36 49 52 45 63 72 74 69
Misc. Exp. not W/O
Total Assets 75 71 82 86 76 105 111 109 103

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 82 102 115 105 113 115 140 177 151
Other Income 3 1 1 2 0 0 2 2 3
Total Income 86 102 115 107 114 115 142 180 155
Total Expenditure -76 -90 -102 -93 -101 -103 -127 -165 -147
PBIDT 10 12 13 14 13 11 15 15 7
Interest -5 -4 -4 -4 -3 -2 -3 -5 -5
Depreciation -4 -4 -5 -6 -7 -6 -7 -6 -4
Taxation 0 -1 -1 -1 0 -1 -2 -1 0
Exceptional Items 0 0 0 0
PAT 0 2 4 2 3 3 3 4 -1

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 17 10 6 9 15 -5 7 12 2
Cash Fr. Inv. -2 -4 -2 -8 -3 -18 -4 -1 -3
Cash Fr. Finan. -16 -7 -4 2 -16 22 -3 -11 2
Net Change -1 0 1 3 -3 -2 0 0 0
Cash & Cash Eqvt 1 2 2 5 3 1 1 1 2

Shareholding Pattern View Details

9 Qtrs 2018-03 (%) 2018-06 (%) 2018-09 (%) 2018-12 (%) 2019-03 (%) 2019-09 (%) 2020-03 (%) 2020-09 (%) 2021-03 (%)
Promoter 20.23 20.23 55.48 55.48 55.48 56.46 56.46 56.46 56.67
Public 79.77 79.77 44.52 44.52 44.52 43.54 43.54 43.54 43.33
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 36.19 0.00 0.00 0.00 0.00 0.00

Announcements View Details

No Corporate Announcement found.

Technical Scans View Details

Fri, 23 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index

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