Shri Lakshmi Cotsyn (Delisted) share price

BSE: 526049Textiles & Apparels

Shri Lakshmi Cotsyn Limited · Face value ₹10 · Listed Oct 1993

Last traded ₹1.81 on 28 Mar 2016

Delisted on 28 Oct 2021.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

  1. Aug 2021

    • 5 Aug · Delisting

      Members of the Exchange are hereby notified that in terms of Regulations of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, Section 21A of the Securities Contract (Regulations) Act, 1956, Securities Contract (Regulations) Rules, 1957 and Bye-Laws of the Exchange, it has been decided to delist (withdraw the admission to dealings in) equity shares of Shri Lakshmi Cotsyn Limited w.e.f. August 27, 2021 as per SEBI (Delisting of Equity Shares) Regulations, 2009
  2. Jul 2020

Share price history

Daily closes since Jan 2007, BSE closes Jan 2007 to Feb 2008, Feb 2008 to May 2008, May 2008 to Jul 2010, in Jul 2013, in Jul 2013, in Aug 2013, in Aug 2013, in Aug 2013, in Dec 2013, in Jan 2014, in Jan 2014, in Jan 2014, in Feb 2014, in Oct 2014, in Jan 2015, in Jan 2015, in Feb 2015, in Mar 2015, in Apr 2015, in Apr 2015, in May 2015, in Jul 2015, in Jul 2015, in Jul 2015, in Jul 2015, in Jul 2015, in Aug 2015, in Aug 2015, in Aug 2015, in Aug 2015, Aug 2015 to Sep 2015, in Sep 2015, Sep 2015 to Dec 2015, in Dec 2015, in Jan 2016, Feb 2016 to Mar 2016 and in Mar 2016, adjusted for splits and bonuses

Daily close, ₹ per share

Results for the quarter to Mar 2019

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

Revenue
₹7.50 Cr−85.9% on a year ago · −40.6% on the quarter before
Operating profit
−₹11 Cr
Net profit
−₹31 Cr
Earnings per share
−₹10.89
Operating margin
−142.9%
Net margin
−413.5%

From revenue to net profit, ₹ crore

  1. Revenue7.5
  2. Materials and goods−2.6
  3. Employee costs−11
  4. Other expenses−4.5
  5. Operating profit−11
  6. Depreciation−21
  7. Other income+0.6
  8. Finance costs0.0
  9. Profit before tax−31
  10. Tax0.0
  11. Net profit−31

Shri Lakshmi Cotsyn results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Mar 2019. Results for the quarter to Jun 2019 were due by 14 Aug 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
78−49Jun 1669−91Sep 1660−64Dec 1697−68Mar 1763−41Jun 1739−32Sep 1738−28Dec 1753−27Mar 1823−29Jun 1816−35Sep 1813−30Dec 187.5−31Mar 19
Peak revenue ₹97 Cr, quarter to Mar 2017; lowest ₹7.50 Cr, quarter to Mar 2019A loss in 12 of the 12 quarters shown

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
25.8%−413.5%−14.8%−5.1%−6.1%−12.1%−32.8%−29.3%−16.0%25.8%−39.0%−86.0%−73.5%−142.9%−62.2%−132.3%−107.6%−69.9%−65.8%−80.1%−75.4%−49.8%−122.5%−217.9%−239.5%−413.5%Jun 16Dec 16Jun 17Dec 17Jun 18Dec 18Mar 19
₹ croreJun 2014Sep 2014Dec 2014Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Q1Sep 2018Dec 2018Q3Mar 2019
Revenue from operations178150––8891106–78696097633938532316138
233212––8699103–9072631098451444033302218
Materials and goods bought–170––645966–58383578542115139953
Employee costs–14––111415–131214131312111211111111
Other expenses–29––122622–1922151817181715121064
Operating profit before depreciation−55−62––1−83–−12−3−4−12−21−12−614−9−14−9−11
Operating margin−30.6%−41.5%––1.2%−9.0%3.1%–−14.8%−5.1%−6.1%−12.1%−32.8%−29.3%−16.0%25.8%−39.0%−86.0%−73.5%−142.9%
Depreciation and amortisation2627––282323–23273182220182721212121
Other income79––3104–30021–011–01
Finance costs7645––304439–100200100000
Profit before one-off items and tax−150−125––−53−65−55–−32−31−34−19−41−32−26−13−29−35−30−31
One-off items−85−142–––−6−7–−16−60−30−49––−3−140–00
Profit before tax−234−266––−53−71−63–−49−91−64−68−41−32−28−27−29−35−30−31
Tax––––––––––––––––0–00
Net profit−234−266––−53−71−63–−49−91−64−68−41−32−28−27−29−35−30−31
Net margin−131.4%−177.8%––−61.1%−78.7%−59.1%–−62.2%−132.3%−107.6%−69.9%−65.8%−80.1%−75.4%−49.8%−122.5%−217.9%−239.5%−413.5%
Earnings per share–––––––––––−₹23.83−₹14.56−₹11.10−₹9.94−₹9.33−₹10.10−₹12.28−₹10.61−₹10.89
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarters to Dec 2014, Mar 2015 and Mar 2016.

10 years at a glance

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

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
Jun 101,798105Jun 112,14781Jun 121,743−409Jun 13Mar 14Mar 15Mar 16305−272Mar 17193−128Mar 1859−1253,292Mar 19
A loss in 4 of the 6 years with results on record

Operating and net margin, per cent

  • Operating margin
  • Net margin
17.6%−210.4%13.9%17.6%−9.5%−13.0%−72.7%5.9%3.8%−23.4%−89.0%−66.4%−210.4%Jun 10Jun 12Mar 14Mar 16Mar 18Mar 19

The company moved its year end from June to March: its last year to June on record ended in Jun 2013, its first year to March in Mar 2017.

The years either side of a change of basis do not compare. From the year to Jun 2011, the company's revenue for that year, ₹1,798 Cr, differs from its quarters added, ₹1,747 Cr. From the year to Jun 2013, the company's revenue for that year, ₹1,743 Cr, differs from its quarters added, ₹1,798 Cr.

Results for the year to Mar 2019

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

From revenue to net profit

  1. Revenue59
  2. Materials and goods−25
  3. Employee costs−45
  4. Other expenses−33
  5. Operating profit−43
  6. Depreciation−84
  7. Other income+2.1
  8. One-off items0.0
  9. Finance costs−0.1
  10. Profit before tax−125
  11. Tax0.0
  12. Net profit−125

What the company owns

  • Plant, investments and other assets₹1,464 Cr
  • Inventory₹9 Cr
  • Receivables₹7 Cr
  • Cash and bank₹1 Cr

What pays for it: net worth and liabilities

  • Borrowings₹3,292 Cr
  • Owed to suppliers₹58 Cr

Profit and loss

Standalone, ₹ crore, years to June, then March. No results on record for the years to Jun 2010, Mar 2014, Mar 2015 and Mar 2016.

₹ croreJun 2011Jun 2012Jun 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue from operations1,7982,1471,743–––30519359
1,5481,768––––334218103
Materials and goods bought1,5211,6041,421–––20910325
Employee costs–64––––524745
Other expenses–100––––746733
Operating profit before depreciation250378––––−29−25−43
Operating margin13.9%17.6%––––−9.5%−13.0%−72.7%
Materials, % of revenue–74.7%––––68.4%53.5%41.8%
Employee costs, % of revenue–3.0%––––16.9%24.6%74.9%
Other expenses, % of revenue–4.7%––––24.2%34.9%55.9%
Depreciation and amortisation3061––––898784
Operating profit after depreciation221317––––−118−112−127
Other income152524–––432
Finance costs106203354–––320
Profit before one-off items and tax129140−361–––−116−112−125
One-off items––––––−155−160
Profit before tax129140−361–––−272−128−125
Tax245848–––––0
Net profit10581−409–––−272−128−125
Net margin5.9%3.8%−23.4%–––−89.0%−66.4%−210.4%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Jun 2011 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Jun 2013: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.

Balance sheet

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

₹ croreMar 2019
−1,923
Share capital28
Reserves−1,951
3,292
1,016
2,388
Total assets1,481
1,339
142
Net debt3,291
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 Jun 2011, Jun 2012, Jun 2013, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Per share

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

₹ per shareJun 2011Jun 2012Jun 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Earnings per share₹49.92₹28.96––––−₹95.44−₹44.94−₹43.89
Diluted earnings per share––––––−₹95.44−₹44.94−₹43.89
Book value per share––––––––−₹675.30
Market cap at the year end (₹ crore)17228361––––––

Ratios

Standalone, years to June, then March.

RatioJun 2011Jun 2012Jun 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue growth–19.4%–––––−36.8%−69.2%
Operating profit growth–51.3%–––––––
Net profit growth–−22.7%–––––––
Earnings per share growth–−42.0%–––––––
Return on equity––––––––6.5%
Return on capital employed––––––––−9.3%
Interest cover2.11.6–––––––
Receivable days––––––––42
Inventory days––––––––138
Payable days––––––––856
Cash conversion cycle, days––––––––−676
Working capital days––––––––250
Asset turnover––––––––0.04
Assets per rupee of net worth––––––––−0.77
Sales per rupee of plant––––––––0.05
Plant being built, % of plant in use––––––––0.0%
Revenue growth is left blank for the year to Jun 2013: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. Interest cover is left blank for the years to Mar 2017, 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 Jun 2011, Jun 2012, Jun 2013, 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 2019.

Return on assets, latest year
−8.4%
Measure3 years
Operating margin, average−31.7%
Net margin, average−121.9%

Accounting checks

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

CheckJun 2011Jun 2012Jun 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Effective tax ratePublished threshold 17.16 per cent18.6341.75–––––––
A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2019 the company reports one business segment, FABRIC, TEXTILE, YARN ETC, which carries all its revenue.

Shri Lakshmi Cotsyn share price by year

Each calendar year to 2016.

YearClose at year endChangeHighest closeLowest close
2016BSE close1.81−28.2%3.551.81
2015BSE close2.52+5.0%7.902.38
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2016 close is its last trade, on 28 Mar 2016.

Recent sessions

The 10 trading days to 28 Mar 2016, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
28 Mar 20161.811.821.811.811.8132,116
21 Mar 20163.253.253.253.253.25264
14 Mar 20161.992.091.991.992.068,500
8 Mar 20162.192.292.092.092.1854,794
29 Feb 20162.192.192.192.192.196,350
22 Feb 20162.392.502.282.292.3923,510
15 Feb 20162.392.392.392.392.391,339
8 Feb 20162.512.512.512.512.514,184
1 Feb 20162.512.512.392.512.5161,863
25 Jan 20163.403.403.403.403.4010
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
28 Mar 2016Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
21 Mar 2016Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
1 Feb 2016Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
25 Jan 2016Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
11 Jan 2016Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
4 Jan 2016Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
28 Dec 2015Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
21 Dec 2015Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
9 Sep 2015Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
7 Sep 2015Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
4 Sep 2015Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
2 Sep 2015Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
23 Jul 2015Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
20 Jul 2015Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
Each event is noted and not adjusted for.

Company details

BSE code
526049
ISIN
INE851B01016
Industry
Textiles & Apparels
Former symbols
SHLAKSHMI
CIN
L17122UP1988PLC009985
Corporate identity number, the registrar of companies' code for it
Incorporated
1988
Registered office
19 / X - 1, Krishanpuram, G T Road, Kanpur 208007, Uttar Pradesh
Share registrar
Abhipra Capital Ltd
Keeps the register of shareholders and handles transfers and dividend payments