Lakshmi Mills Company financials: balance sheet, profit and loss, cash flow

NSE: LAKSHMIMILBSE: 502958Textiles & ApparelsSmall Cap

Lakshmi Mills Company Limited · Face value ₹100 · Listed Nov 1984

₹7,950.00₹238.50 (3.09%)BSE ₹7,961.65

Share price at the NSE close on 30 Oct 2026. Previous close ₹7,711.50.

30 Oct: open ₹7,985.00, high ₹7,990.00, low ₹7,950.00

52-week range of BSE trades to 30 Oct 2026

₹6,863.00Low, 9 Mar 2026₹8,800.00High, 6 Nov 2025

Next results date: the board meets on 12 Nov 2026 to consider: quarterly results. Results calendar

Market cap: ₹553 Cr1,829th largest listed
P/E: 57.65
P/B: 0.78
Dividend yield: 0.13%
ROE: 1.2%
ROCE: 2.3%
Debt to equity: 0.11
Volume, NSE: 3688.9% delivered

Lakshmi Mills Company's financial statements for the 10 years to Mar 2026, standalone: the listed company alone, without its subsidiaries, with the twelve months to Jun 2026 after them.

10 years at a glance

₹ crore, years to March.Lakshmi Mills Company annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

Peak revenue ₹347 Cr, year to Mar 2022; lowest ₹184 Cr, year to Mar 2021A loss in 6 of the 10 years shown

Operating and net margin, per cent

Results for the year to Mar 2026

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

Revenue242
Materials and goods−113
Employee costs−43
Other expenses−58
Operating profit28
Depreciation−14
Other income+3.6
One-off items−0.2
Finance costs−10
Profit before tax7.3
Tax−23
Net profit−16

What the company owns

Plant, investments and other assets₹830 Cr
Inventory₹38 Cr
Receivables₹27 Cr
Cash and bank₹3 Cr

What pays for it: net worth and liabilities

Net worth₹712 Cr
Other liabilities₹82 Cr
Borrowings₹81 Cr
Owed to suppliers₹23 Cr

Lakshmi Mills Company business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Standalone, ₹ crore, as the company reports them. A segment at a loss has no share of profit.Lakshmi Mills Company segment results by quarter

Revenue by segment

₹243 CrTotal

Textiles₹217 Cr89.2% of total
RENTAL SERVICES₹26 Cr10.8% of total

Profit by segment

RENTAL SERVICES₹20.3 Cr100.0% of total

Segment results by year

Standalone, ₹ crore, years to March.

Textiles
Revenue, ₹ crore
246
216
179
343
235
239
242
217
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
3
8
15
41
−4
−24
−12
−2
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
RENTAL SERVICES
Revenue, ₹ crore
3
4
6
6
6
16
23
26
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
2
3
4
3
4
11
18
20
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	249	220	185	349	242	255	265	243
Company revenue, as in its results	248	218	184	347	240	253	263	242
Revenue	246	216	179	343	235	239	242	217
Revenue growth	–	−12.3%	−17.1%	91.3%	−31.3%	1.4%	1.3%	−10.3%
Profit	3	8	15	41	−4	−24	−12	−2
Profit growth	–	136.2%	102.1%	171.2%	–	–	–	–
Margin	1.3%	3.5%	8.5%	12.1%	−1.7%	−10.1%	−4.8%	−1.1%
Return on capital	–	3.4%	14.7%	29.8%	–	–	–	−17.3%
Assets	–	334	209	255	128	126	115	120
Liabilities	–	110	105	117	131	169	166	105
Capital employed	–	223	104	139	−3	−42	−51	14
Revenue	3	4	6	6	6	16	23	26
Revenue growth	–	45.3%	51.4%	−3.4%	10.0%	157.6%	39.8%	13.4%
Profit	2	3	4	3	4	11	18	20
Profit growth	–	28.7%	27.9%	−7.9%	16.4%	177.4%	55.4%	16.2%
Margin	84.2%	74.6%	63.0%	60.0%	63.5%	68.4%	76.0%	77.9%
Return on capital	–	103.1%	78.5%	–	3.3%	8.3%	12.9%	14.7%
Assets	–	14	15	14	163	180	182	179
Liabilities	–	11	10	16	40	45	46	41
Capital employed	–	3	5	−2	122	135	136	138
Revenue	2	2	1	1	3	6	5	2
Profit	0	0	−13	0	0	0	0	0
Assets	0	17	369	507	531	0	0	0
Liabilities	0	0	1	12	9	0	0	0

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Standalone, ₹ crore, years to March. The last column is the twelve months to Jun 2026, the latest four quarters added.Lakshmi Mills Company quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023Filed 29 May	Mar 2024	Mar 2025	Mar 2026Filed 18 May	Jun 2026Twelve monthsFiled 14 Aug
Revenue from operations	227	237	248	218	184	347	240	253	263	242	246
	214	221	234	212	161	298	237	253	244	214	215
Materials and goods bought	129	136	141	122	97	191	149	154	144	113	114
Employee costs	–	–	36	36	29	41	36	40	40	43	43
Other expenses	–	–	57	54	35	67	52	60	59	58	58
Operating profit before depreciation	13	16	14	7	23	49	3	0	19	28	31
Operating margin	5.9%	6.7%	5.6%	3.0%	12.4%	14.1%	1.4%	−0.2%	7.3%	11.6%	12.7%
Materials, % of revenue	–	–	57.0%	55.7%	52.7%	55.0%	62.1%	60.9%	54.8%	46.7%	46.2%
Employee costs, % of revenue	–	–	14.4%	16.7%	15.7%	11.8%	14.8%	15.7%	15.4%	17.7%	17.6%
Other expenses, % of revenue	–	–	23.0%	24.5%	19.2%	19.2%	21.7%	23.5%	22.5%	24.1%	23.5%
Depreciation and amortisation	7	9	11	8	6	7	8	18	18	14	13
Operating profit after depreciation	7	7	2	−2	17	42	−5	−19	2	14	18
Other income	7	7	4	4	2	3	5	8	6	4	4
Finance costs	9	9	10	10	12	11	7	11	15	10	9
Profit before one-off items and tax	5	5	−4	−8	7	34	−8	−22	−7	8	13
One-off items	0	−2	0	8	−1	−1	1	2	0	0	0
Profit before tax	5	3	−4	0	6	33	−7	−20	−7	7	12
	3	1	4	2	3	9	−2	−6	−3	23	3
Current tax	–	0	0	0	1	6	0	0	0	2	1
Deferred tax	–	1	4	2	1	2	−2	−6	−2	21	2
Net profit	1	1	−8	−2	4	24	−5	−14	−5	−16	10
Other comprehensive income	–	–	−39	−199	230	132	16	242	24	−160	−42
Total comprehensive income	–	–	−47	−200	234	156	11	228	19	−176	−33
Net margin	0.5%	0.6%	−3.2%	−0.7%	2.0%	6.9%	−2.1%	−5.5%	−1.8%	−6.4%	3.9%

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2017 and Mar 2018 they do not, so they are left blank.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023Filed 29 May	Mar 2024	Mar 2025	Mar 2026Filed 18 May
	444	243	477	631	641	869	888	712
Share capital	7	7	7	7	7	7	7	7
Reserves	437	236	470	624	634	862	881	705
	61	79	72	83	110	140	134	81
Repayable after a year	17	17	22	19	47	74	62	48
Repayable within a year	44	62	50	63	63	66	72	33
	100	97	86	97	95	111	121	68
Trade payables	35	15	11	20	21	30	35	23
Other financial liabilities	15	14	17	1	0	1	8	9
Other liabilities	5	6	6	8	10	13	5	3
Provisions	1	1	1	1	1	1	1	0
Tax owed	–	0	1	4	0	0	0	0
	22	24	30	49	85	137	143	118
Other financial liabilities	0	1	1	14	9	10	11	12
Other liabilities	2	2	2	2	16	14	14	13
Provisions	4	4	5	4	4	5	5	5
Deferred tax	–	0	0	9	9	34	52	39
Total assets	566	364	593	777	822	1,117	1,152	898
	495	299	531	684	756	1,052	1,090	826
Plant in use, after depreciation	152	145	142	145	45	60	50	44
Plant being built	1	0	1	5	45	2	1	1
Intangible assets	0	0	0	0	0	0	0	0
Property held to earn rent	1	14	15	14	124	177	179	175
Investments	319	121	355	504	526	802	847	596
Loans given	0	0	5	0	1	1	1	1
Other financial assets	2	2	0	7	8	11	10	8
Deferred tax	18	16	11	–	0	0	–	0
Other assets	1	1	2	8	7	0	1	1
	71	65	62	93	66	65	63	72
Inventories	33	34	28	56	48	33	30	38
Trade receivables	33	26	31	32	13	22	24	27
Cash and cash equivalents	2	1	0	0	0	1	0	1
Other bank balances	1	2	2	2	1	3	4	3
Loans given	0	0	0	0	0	0	0	0
Other financial assets	0	0	0	0	0	0	0	–
Tax paid in advance	0	0	0	0	1	2	3	1
Other assets	2	2	1	3	3	3	2	2
Net debt	59	77	70	81	109	136	130	78

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March.

₹ crore	Mar 2021	Mar 2022	Mar 2023Filed 29 May	Mar 2024	Mar 2025	Mar 2026Filed 18 May
	18.9	27.8	37.7	15.8	27.5	7.9
	19.5	31.3	43.4	17.8	26.4	6.4
	−5.6	−18.7	39.2	17.5	6.7	−21.6
Receivables	−3.7	−2.0	20.3	−8.9	−0.5	−3.3
Inventories	5.8	−27.6	7.5	15.1	2.6	−7.9
Payables	−5.7	8.5	2.6	8.7	5.0	−11.7
Other working capital	−2.0	2.4	8.8	2.5	−0.3	1.3
Tax paid	−0.6	−3.5	−5.6	−2.0	1.2	1.5
Capital spending	5.3	14.3	60.2	42.8	9.6	5.9
Free cash flow	13.6	13.5	−22.5	−27.0	18.0	2.0
	−4.3	−13.7	−56.5	−38.0	−5.9	54.9
Plant and property sold	0.3	0.2	2.9	2.8	0.6	0.0
Interest received	0.2	0.3	0.6	0.3	0.7	0.9
Dividends received	0.5	0.5	2.1	5.2	3.9	1.5
	−14.8	−14.2	18.7	22.6	−22.0	−62.5
Borrowings raised	13.8	7.1	39.4	44.0	6.5	−38.1
Borrowings repaid	−17.0	−9.6	−11.7	−9.6	−13.1	−14.1
Interest paid	−11.6	−10.6	−7.3	−11.1	−15.4	−10.3
Dividends paid	0.0	1.0	1.7	0.6	0.0	0.0
Shares bought back	0.0	0.0	0.0	0.0	0.0	0.0
Shares issued	0.0	0.0	0.0	0.0	0.0	0.0
Net change in cash	−0.2	0.0	−0.1	0.4	−0.3	0.3

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Standalone, ₹ per share, years to March.Lakshmi Mills Company dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023Filed 29 May	Mar 2024	Mar 2025	Mar 2026Filed 18 May
Earnings per share	₹16.55	₹20.46	−₹114.03	−₹21.84	₹52.76	₹345.97	−₹72.06	−₹198.30	−₹67.22	−₹223.56
Diluted earnings per share	₹16.55	₹20.46	−₹114.03	−₹21.84	–	₹345.97	−₹72.06	−₹198.30	−₹67.22	−₹223.56
Dividend per share	₹9.00	₹9.00	₹5.00	–	₹15.00	₹25.00	₹9.00	–	–	₹10.00
Book value per share	–	–	₹6,377.35	₹3,494.43	₹6,853.53	₹9,076.84	₹9,216.11	₹12,489.45	₹12,766.61	₹10,241.08
Dividend payout	54.4%	44.0%	–	–	28.4%	7.2%	–	–	–	–
Shareholder yield	–	–	–	–	0.0%	0.4%	0.7%	0.2%	0.0%	0.0%
Market cap at the year end (₹ crore)	175	225	187	101	161	274	258	277	426	493

Ratios

Standalone, years to March.Lakshmi Mills Company PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023Filed 29 May	Mar 2024	Mar 2025	Mar 2026Filed 18 May
Revenue growth	–	4.1%	4.7%	−11.8%	−15.8%	88.5%	−30.8%	5.4%	4.0%	−8.1%
Operating profit growth	–	17.3%	−13.1%	−51.7%	243.6%	113.6%	−93.3%	–	–	46.0%
Net profit growth	–	23.6%	–	–	–	555.8%	–	–	–	–
Earnings per share growth	–	23.6%	–	–	–	555.7%	–	–	–	–
	–	–	−1.8%	−0.4%	1.0%	4.3%	−0.8%	−1.8%	−0.5%	−1.9%
	–	–	–	1.3 pts	1.5 pts	3.3 pts	−5.1 pts	−1.0 pts	1.3 pts	−1.4 pts
From the net margin	–	–	–	1.4 pts	1.7 pts	2.5 pts	−5.7 pts	−1.3 pts	1.2 pts	−1.4 pts
From asset turnover	–	–	–	0.0 pts	−0.2 pts	1.1 pts	0.5 pts	0.3 pts	0.1 pts	0.0 pts
From borrowing	–	–	–	0.0 pts	0.0 pts	−0.3 pts	0.0 pts	0.0 pts	0.0 pts	0.0 pts
Return on capital employed	–	–	0.5%	−0.5%	3.0%	5.8%	−0.7%	−1.9%	0.2%	1.8%
Cash conversion	–	–	–	–	515.1%	115.7%	–	–	–	–
Interest cover	0.7	0.8	0.2	–	1.5	3.9	–	–	0.1	1.4
Debt to equity	–	–	0.14	0.32	0.15	0.13	0.17	0.16	0.15	0.11
Receivable days	–	–	48	44	61	34	20	32	33	41
Inventory days	–	–	84	101	105	106	118	78	77	124
Payable days	–	–	90	44	41	38	51	70	88	74
Cash conversion cycle, days	–	–	42	101	125	102	86	40	22	91
Working capital days	–	–	19	46	48	61	49	23	13	51
Asset turnover	–	–	0.44	0.47	0.38	0.51	0.30	0.26	0.23	0.24
Assets per rupee of net worth	–	–	1.28	1.35	1.33	1.24	1.26	1.28	1.29	1.28
Sales per rupee of plant	–	–	1.63	1.51	1.30	2.39	5.31	4.22	5.22	5.52
Capital spending to depreciation	–	–	–	–	0.87	1.99	7.32	2.32	0.54	0.43
Plant being built, % of plant in use	–	–	0.5%	0.0%	0.6%	3.6%	100.1%	2.7%	2.8%	2.8%

Interest cover is left blank for the years to Mar 2020, Mar 2023 and Mar 2024: operating profit after depreciation is a loss, and a loss covers no interest bill. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2026.

Return on assets, latest year: −1.5%
Cash from operations against operating profit: 28.3%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	–	5.6%	0.3%
Return on equity, average	–	−0.1%	−1.4%
Return on capital employed, average	–	1.1%	0.0%
Operating margin, average	6.8%	6.8%	6.2%
Net margin, average	−1.0%	−1.8%	−4.6%
Asset turnover, average	–	0.31	0.24
Cash conversion cycle, days, average	–	68	51
Interest cover, average	–	–	0.7
Debt to equity, average	–	0.15	0.14

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	117	51	8
Cash from investing	−59	11	55
Cash from financing	−57	−62	−63
Capital spending	133	58	6
Dividends paid	3	1	0
Shares bought back	0	0	0
Shares issued for cash	0	0	0
Borrowings repaid	58	37	14

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	9	8	3	4	6	5
Altman Z-scorePublished threshold 1.81	–	–	2.41	2.00	2.30	2.88	2.19	1.90	2.23	3.03
Beneish M-scorePublished threshold −1.78	–	–	–	–	−2.37	−2.13	−1.79	−2.09	−2.64	−2.34
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	−2.28	1.44	1.72	0.86	−2.32	−7.64
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	3.72	15.48	–	–
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	−7.63	31.48	−82.28	−29.54	68.53	1.24	24.55
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	17.23	3.16	1.95	8.45	−34.88	−1.41	47.83
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	0.08	−0.80	0.56	0.14	0.69	−0.35	−0.64
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	0.00	0.27	0.49	–	0.05	0.18	0.17
Effective tax ratePublished threshold 17.16 per cent	74.67	47.88	–	456.62	42.90	26.93	–	–	–	312.94
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	16.36	–	–	–	292.38

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
3 Aug 2026	CARE Ratings Limited	Fund-based - ST-EPC/PSCShort-term scale	CARE A3+Review, Re-affirm		3
3 Aug 2026	CARE Ratings Limited	Fund-based - LT-Term LoanLong-term scale	CARE BBBReview, Re-affirmOutlook revised	Positive	57.93
3 Aug 2026	CARE Ratings Limited	Fund-based - LT-Cash CreditLong-term scale	CARE BBBReview, Re-affirmOutlook revised	Positive	36.90
3 Aug 2026	CARE Ratings Limited	Fund-based - LT-Working Capital Demand loanLong-term scale	CARE BBBReview, Re-affirmOutlook revised	Positive	8.70
3 Aug 2026	CARE Ratings Limited	Non-fund-based - ST-Bank GuaranteeShort-term scale	CARE A3+Review, Re-affirm		1.60
3 Aug 2026	CARE Ratings Limited	Non-fund-based - ST-Letter of creditShort-term scale	CARE A3+Review, Re-affirm		18.27

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.