Lakshmi Overseas Industries share price

BSE: 519570Agricultural Food & other Products

Lakshmi Overseas Industries Ltd. · Face value ₹2 · Listed Mar 1995

Trading suspended since 2 Sep 2021

Last traded ₹2.50 on 17 Jun 2019

Latest announcements

Routine notices left out.

Aug 2021
Oct 2020
- 20 Oct · Updates on Corporate Insolvency Resolution Process (CIRP)
  Updates on Corporate Insolvency Resolution Process (CIRP) against Lakshmi Energy and Foods Ltd.
Sep 2020
- 14 Sep · Number of resolution plans received by Resolution Professional
  Number of resolution plans received by Resolution Professional.
May 2020
- 15 May · Intimation of brief particulars of invitation of resolution plans
  Intimation of brief particulars of invitation of resolution plans under Section 25(2)(h) of Insolvency and Bankruptcy Code in the Form specified under Regulation 36A(5) of the IBBI (Insolvency ....

Q1 results, quarter to Jun 2019

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

Revenue: ₹1.53 Cr−92.7% on a year ago · −41.3% on the quarter before
Operating profit: −₹0.19 Cr
Net profit: −₹1.44 Cr
Earnings per share: −₹0.19
Operating margin: −12.7%
Net margin: −94.0%

From revenue to net profit, ₹ crore

Revenue1.5
Materials and goods−1.2
Employee costs0.0
Other expenses−0.5
Operating profit−0.2
Depreciation−1.1
Other income0.0
Finance costs0.0
Profit before tax−1.3
Tax−0.2
Net profit−1.4

Lakshmi Overseas Industries results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Jun 2019. Results for the quarter to Sep 2019 were due by 14 Nov 2019, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit
Loss

Peak revenue ₹304 Cr, quarter to Sep 2016; lowest ₹1.53 Cr, quarter to Jun 2019A loss in 7 of the 12 quarters shown

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Sep 2014	Dec 2014	Mar 2015	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018Q1	Sep 2018	Dec 2018Q3	Mar 2019	Jun 2019Q1
Revenue from operations	205	121	38	155	248	262	251	266	304	268	183	128	157	170	155	21	2	2	3	2
	173	97	41	139	217	254	254	232	260	231	–	114	140	159	480	21	3	536	157	2
Materials and goods bought	–	–	–	–	–	–	–	–	–	–	327	101	139	157	470	20	2	535	40	1
Employee costs	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	1	1	1	0	0
Other expenses	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7	1	1	0	116	0
Operating profit before depreciation	32	24	−3	16	31	8	−3	34	45	37	–	14	17	11	−325	0	−1	−534	−154	0
Operating margin	15.6%	19.8%	−7.0%	10.4%	12.5%	3.0%	−1.4%	12.9%	14.7%	13.7%	–	11.0%	10.6%	6.6%	−209.9%	−2.1%	−71.0%	−27,585.1%	−5,944.4%	−12.7%
Depreciation and amortisation	12	12	−2	5	5	5	16	8	7	8	−9	2	2	2	2	5	5	5	−10	1
Other income	0	1	5	2	−1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Finance costs	32	12	45	25	27	29	−48	6	10	9	–	0	1	0	0	0	0	0	0	0
Profit before one-off items and tax	−12	1	−41	−13	−3	−27	29	20	28	20	22	11	14	9	−327	−5	−6	−539	−144	−1
One-off items	–	–	−295	–	–	–	–	–	–	–	−92	–	–	–	0	0	0	0	−21	0
Profit before tax	−12	1	−336	−13	−3	−27	29	20	28	20	−71	11	14	9	−327	−5	−6	−539	−166	−1
	−3	−2	1	−1	−1	−1	−4	2	4	2	−9	2	2	1	−6	−1	−1	−1	4	0
Current tax	0	–	–	–	–	–	–	–	–	–	−13	2	2	2	−6	0	0	0	0	0
Deferred tax	−3	–	–	–	–	–	–	–	–	–	4	0	0	0	0	−1	−1	−1	4	0
Tax rate	–	−169.4%	–	–	–	–	−13.4%	9.7%	13.1%	9.8%	–	19.9%	15.0%	16.7%	–	–	–	–	–	–
Net profit	−9	3	−338	−12	−2	−26	−51	18	24	18	−62	9	12	7	−321	−4	−5	−538	−170	−1
Other comprehensive income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	572	0	0	0	−646	0
Total comprehensive income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	251	−4	−5	−538	−816	−1
Net margin	−4.3%	2.9%	−882.0%	−7.6%	−0.8%	−9.8%	−20.5%	6.9%	7.9%	6.8%	−33.9%	7.2%	7.4%	4.3%	−207.3%	−20.7%	−267.9%	−27,781.1%	−6,535.1%	−94.0%
Earnings per share	–	₹0.52	−₹50.48	−₹1.78	−₹0.30	−₹3.84	−₹7.67	₹2.76	₹3.54	₹2.65	−₹8.97	₹1.31	₹1.66	₹1.02	−₹43.57	−₹0.59	−₹0.69	−₹73.08	−₹23.06	−₹0.19
Diluted earnings per share	–	₹0.52	−₹50.48	−₹1.78	−₹0.30	−₹3.84	−₹7.67	₹2.72	₹3.41	₹2.53	−₹8.54	₹1.25	₹1.58	₹1.00	−₹43.57	−₹0.59	−₹0.69	−₹73.08	−₹23.06	−₹0.19

Earnings per share in rupees, restated for later splits and bonuses.

Segment results by quarter

Standalone from the quarter to Mar 2019, consolidated before, ₹ crore, quarters to Jun 2019.

AGRI
Revenue, ₹ crore
2
2
2
Mar 18Jun 18Sep 18Dec 18Mar 19Jun 19
Profit, ₹ crore
−534
−154
0
Mar 18Jun 18Sep 18Dec 18Mar 19Jun 19
ENERGY
Revenue, ₹ crore
16
8
0
0
0
0
Mar 18Jun 18Sep 18Dec 18Mar 19Jun 19
Profit, ₹ crore
0
0
−1
−1
0
0
Mar 18Jun 18Sep 18Dec 18Mar 19Jun 19

₹ crore	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019
Revenue of all businesses	173	27	2	2	3	2
Company revenue, as in its results	155	21	2	2	3	2
Revenue	–	–	–	2	2	2
Profit	–	–	–	−534	−154	0
Margin	–	–	–	−30,123.3%	−6,690.7%	−12.6%
Assets	–	–	–	1,186	460	462
Liabilities	–	–	–	1,238	1,287	1,285
Capital employed	–	–	–	−52	−827	−823
Revenue	16	8	0	0	0	0
Revenue growth	–	–	–	–	–	−100.0%
Profit	0	0	−1	−1	0	0
Profit growth	–	–	–	–	–	−100.0%
Margin	−2.8%	3.8%	−439.7%	−601.2%	36.5%	–
Assets	142	142	141	140	46	45
Liabilities	0	0	3	0	0	0
Capital employed	142	142	139	140	46	45
Revenue	157	19	2	–	–	–
Profit	−324	−1	−1	–	–	–
Margin	−207.0%	−4.0%	−37.9%	–	–	–
Assets	1,736	1,697	1,692	–	–	–
Liabilities	1,245	1,241	1,241	–	–	–
Capital employed	491	457	451	–	–	–

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

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to September, then March.

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

Peak revenue ₹1,170 Cr, year to Sep 2010; lowest ₹27 Cr, year to Mar 2019A loss in 5 of the 8 years with results on record

Operating and net margin, per cent

The company moved its year end from September to March: its last year to September on record ended in Sep 2011, its first year to March in Mar 2015.

Results for the year to Mar 2019

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

From revenue to net profit

Revenue27
Materials and goods−597
Employee costs−3.1
Other expenses−118
Operating profit−691
Depreciation−4.4
Other income+0.3
One-off items−21
Finance costs−0.1
Profit before tax−716
Tax−1.1
Net profit−717

What the company owns

Receivables₹333 Cr
Plant, investments and other assets₹171 Cr
Inventory₹2 Cr
Cash and bank₹0 Cr

What pays for it: net worth and liabilities

Borrowings₹1,231 Cr
Owed to suppliers₹14 Cr

Lakshmi Overseas Industries business segments, year to Mar 2019

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.

Revenue by segment

₹34 CrTotal

AGRI₹25.1 Cr74.0% of total
ENERGY₹8.8 Cr26.0% of total

Segment results by year

Standalone from the year to Mar 2019, consolidated before, ₹ crore, years to March.

AGRI
Revenue, ₹ crore
25
Mar 18Mar 19
Profit, ₹ crore
−690
Mar 18Mar 19
ENERGY
Revenue, ₹ crore
55
9
Mar 18Mar 19
Profit, ₹ crore
11
−1
Mar 18Mar 19

₹ crore	Mar 2018	Mar 2019
Revenue of all businesses	649	34
Company revenue, as in its results	610	27
Revenue	–	25
Profit	–	−690
Margin	–	−2,743.8%
Assets	–	460
Liabilities	–	1,287
Capital employed	–	−827
Revenue	55	9
Profit	11	−1
Margin	19.7%	−7.3%
Return on capital	7.6%	−1.4%
Assets	142	46
Liabilities	0	0
Capital employed	142	46
Revenue	594	–
Profit	−293	–
Margin	−49.4%	–
Return on capital	−59.7%	–
Assets	1,736	–
Liabilities	1,245	–
Capital employed	491	–

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

Profit and loss

Standalone, ₹ crore, years to September, then March. No results on record for the years to Mar 2013 and Mar 2014. The last column is the twelve months to Jun 2019, the latest four quarters added.

₹ crore	Sep 2009	Sep 2010	Sep 2011	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Jun 2019Twelve months
Revenue from operations	691	1,170	1,038	–	–	617	916	1,021	610	27	8
	474	964	890	–	–	519	864	893	893	718	698
Materials and goods bought	−167	1,014	908	–	–	–	–	1,080	875	597	579
Employee costs	–	–	–	–	–	–	–	–	7	3	2
Other expenses	–	–	–	–	–	–	–	–	11	118	118
Operating profit before depreciation	217	205	148	–	–	97	52	128	−283	−691	−690
Operating margin	31.4%	17.6%	14.3%	–	–	15.8%	5.6%	12.6%	−46.4%	−2,520.0%	−8,685.1%
Materials, % of revenue	–	–	–	–	–	–	–	–	143.5%	2,179.0%	7,280.4%
Employee costs, % of revenue	–	–	–	–	–	–	–	–	1.2%	11.5%	25.4%
Other expenses, % of revenue	–	–	–	–	–	–	–	–	1.8%	429.5%	1,479.4%
Depreciation and amortisation	35	37	39	–	–	33	32	14	10	4	1
Operating profit after depreciation	183	169	109	–	–	65	20	115	−293	−695	−691
Other income	1	0	0	–	–	6	1	0	0	0	0
Finance costs	68	73	106	–	–	118	33	25	1	0	0
Profit before one-off items and tax	115	96	4	–	–	−47	−13	90	−293	−695	−691
One-off items	–	–	–	–	–	−295	–	−92	0	−21	−21
Profit before tax	115	96	4	–	–	−343	−13	−3	−293	−716	−712
	24	13	−8	–	–	−6	−7	−2	−1	1	2
Current tax	–	20	–	–	–	–	–	–	0	0	0
Deferred tax	–	−7	–	–	–	–	–	–	−1	1	2
Net profit	92	83	12	–	–	−336	−91	−1	−293	−717	−714
Other comprehensive income	–	–	–	–	–	–	–	–	572	−646	−646
Total comprehensive income	–	–	–	–	–	–	–	–	279	−1,363	−1,360
Net margin	13.2%	7.1%	1.2%	–	–	−54.6%	−9.9%	−0.1%	−48.0%	−2,617.6%	−8,988.3%

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Sep 2009, Sep 2010, Sep 2011, Mar 2015, Mar 2016 and Mar 2017 they do not, so they are left blank.

Balance sheet

Standalone, ₹ crore, at 30 September, then 31 March.

₹ crore	Mar 2018	Mar 2019
	599	−781
Share capital	15	15
Reserves	584	−795
	1,197	1,231
Repayable after a year	759	749
Repayable within a year	438	482
	453	501
Trade payables	9	14
Other financial liabilities	0	4
Other liabilities	5	0
Provisions	0	0
	796	786
Provisions	2	2
Deferred tax	34	36
Total assets	1,847	506
	943	171
Plant in use, after depreciation	759	131
Plant being built	22	0
Investments	61	1
Loans given	64	38
Other financial assets	0	1
Other assets	36	0
	904	335
Inventories	541	2
Trade receivables	362	333
Cash and cash equivalents	0	0
Other bank balances	0	0
Other financial assets	0	0
Other assets	0	0
Net debt	1,197	1,231

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 Sep 2009, Sep 2010, Sep 2011, Mar 2015, Mar 2016 and Mar 2017, so its lines and the ratios worked from it are blank there.

Standalone, ₹ per share, years to September, then March.

₹ per share	Sep 2009	Sep 2010	Sep 2011	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Earnings per share	–	–	–	–	–	−₹50.27	−₹13.57	−₹0.16	−₹41.05	−₹97.42
Diluted earnings per share	–	–	–	–	–	−₹50.27	−₹13.57	−₹0.15	−₹39.78	−₹97.42
Dividend per share	₹0.50	₹0.20	₹0.20	–	–	–	–	–	–	–
Book value per share	–	–	–	–	–	–	–	–	₹81.30	−₹106.04
Market cap at the year end (₹ crore)	861	–	–	–	–	61	126	385	131	29

Ratios

Standalone, years to September, then March.

Ratio	Sep 2009	Sep 2010	Sep 2011	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Revenue growth	–	69.2%	−11.3%	–	–	–	48.5%	11.6%	−40.3%	−95.5%
Operating profit growth	–	−5.5%	−28.0%	–	–	–	−47.0%	148.6%	–	–
Net profit growth	–	−9.2%	−85.2%	–	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	−48.9%	787.6%
	–	–	–	–	–	–	–	–	–	836.5 pts
From the net margin	–	–	–	–	–	–	–	–	–	−2,619.6 pts
From asset turnover	–	–	–	–	–	–	–	–	–	2,480.4 pts
From borrowing	–	–	–	–	–	–	–	–	–	975.7 pts
Return on capital employed	–	–	–	–	–	–	–	–	−16.3%	−154.3%
Interest cover	2.7	2.3	1.0	–	–	0.5	0.6	4.6	–	–
Debt to equity	–	–	–	–	–	–	–	–	2.00	–
Receivable days	–	–	–	–	–	–	–	–	217	4,430
Inventory days	–	–	–	–	–	–	–	–	226	1
Payable days	–	–	–	–	–	–	–	–	4	9
Cash conversion cycle, days	–	–	–	–	–	–	–	–	438	4,423
Working capital days	–	–	–	–	–	–	–	–	532	4,217
Asset turnover	–	–	–	–	–	–	–	–	0.33	0.02
Assets per rupee of net worth	–	–	–	–	–	–	–	–	3.09	−12.92
Sales per rupee of plant	–	–	–	–	–	–	–	–	0.80	0.21
Plant being built, % of plant in use	–	–	–	–	–	–	–	–	3.0%	0.0%

Interest cover is left blank for the years to Mar 2018 and Mar 2019: operating profit after depreciation is a loss, and a loss covers no interest bill. Debt to equity is left blank for the year to Mar 2019: net worth is below zero, so there is no shareholders' money to set the borrowings against. No balance sheet is on record for the years to Sep 2009, Sep 2010, Sep 2011, Mar 2015, Mar 2016 and Mar 2017, 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 2019.

Return on assets, latest year: −61.0%

Measure	5 years	3 years
Revenue growth, yearly rate	–	−69.0%
Return on equity, average	–	369.3%
Return on capital employed, average	–	−85.3%
Operating margin, average	−506.5%	−851.3%
Net margin, average	−546.0%	−888.6%
Asset turnover, average	–	0.18
Cash conversion cycle, days, average	–	2,430

Accounting checks

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

Check	Sep 2009	Sep 2010	Sep 2011	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Altman Z-scorePublished threshold 1.81	–	–	–	–	–	–	–	–	–	−7.20
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	–	–	–	–	–	–	87.37
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	–	–	–	–	–	–	−67.89
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	–	–	–	–	–	–	0.01
Effective tax ratePublished threshold 17.16 per cent	20.64	13.21	−206.67	–	–	–	–	–	–	–

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

Where the return came from

Yearly rates to Mar 2019, per-share figures restated for splits and bonuses.

Over	Return a year	Earnings growth	Change in P/E	Dividend yield
1 year	−77.9%	–	–	0.0%
3 years	−40.8%	–	–	0.0%
5 years	−29.5%	–	–	0.0%

Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 1 year is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Lakshmi Overseas Industries dividend calendar

Each payment in the month it went ex, as declared, ₹ a share at the time. Years running counted to the year to Mar 2019.

Dividends by the month each went ex
Year	Mar	May	In the year
2013	₹0.20	₹0.30	₹0.50
2012	₹0.20		₹0.20
2011	₹0.20		₹0.20
2010	₹0.50		₹0.50
2009	₹0.50		₹0.50

Interim or final dividendSpecial dividendNone that month

Lakshmi Overseas Industries dividend history

Every payment with its ex-date and record date, year by year.

2013₹0.50 a share in 2 payments

May14Tue
₹0.30Interim
Ex-date 14 May 2013 · record date 15 May 2013
0.96%of the price
Mar21Thu
₹0.20Final
Ex-date 21 Mar 2013 · books closed to 28 Mar 2013
0.86%of the price

2012

Mar21Wed
₹0.20Final
Ex-date 21 Mar 2012 · books closed to 28 Mar 2012
1.14%of the price

2011

Mar21Mon
₹0.20Final
Ex-date 21 Mar 2011 · books closed to 26 Mar 2011
0.46%of the price

2010

Mar19Fri
₹0.50Final
Ex-date 19 Mar 2010 · books closed to 27 Mar 2010
0.40%of the price

2009

Mar23Mon
₹0.50Final
Ex-date 23 Mar 2009 · books closed to 27 Mar 2009
0.49%of the price

Grouped by the calendar year each went ex, so a year's total here can differ from the year it was paid for above. Of the price is the dividend as a share of the close on the session before its ex-date. A book closure is the run of days the company's register is frozen to settle who is paid; a record date is the one-day form of it.