Laxmi Organic Industries Limited (LXCHEM.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-184.9%

-₹134.20

vs ₹158.11 price

Levered DCF

-₹248.52

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	37.67×	43.96×	54.15×	47.39×	40.92×	31.22×	57.5×	56.9×
P/B	1.51×	2.64×	3.63×	4.18×	8.1×	3.83×	9.43×	9.16×
P/S	1.05×	1.68×	2.3×	2.11×	3.42×	2.25×	2.64×	2.64×
EV / EBITDA	18.59×	18.47×	23.05×	24.03×	28×	18.95×	29.32×	26.7×
Gross margin	15.7%	27.0%	23.3%	33.7%	30.1%	30.9%	26.2%	28.2%
Operating margin	3.3%	22.1%	4.9%	6.4%	10.8%	10.1%	4.5%	7.7%
Net margin	2.8%	3.8%	4.3%	4.5%	8.4%	7.2%	4.6%	4.6%
Current ratio	1.36×	1.34×	1.66×	1.47×	1.58×	1.7×	1.22×	1.36×
Debt / equity	0.27×	0.14×	0.08×	0.29×	0.11×	0.23×	0.4×	0.42×
Interest coverage	4.29×	32.21×	15.55×	12.87×	32.43×	9.87×	4.14×	6.33×
Dividend yield	0.5%	0.3%	0.2%	0.3%	0.1%	0.2%	0.1%	0.0%
Payout ratio	17.5%	14.6%	11.0%	14.9%	5.1%	6.2%	3.0%	2.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.0%	6.0%	6.7%	8.8%	19.8%	12.3%	16.4%	16.1%
Return on invested capital	3.3%	21.1%	5.0%	6.9%	18.3%	11.1%	9.8%	13.5%
Return on assets	2.3%	3.7%	4.3%	5.2%	11.3%	6.9%	6.5%	7.1%
Free cash flow yield	-15.0%	-5.7%	4.8%	-4.7%	-2.3%	-0.2%	3.0%	2.2%
Earnings yield	2.7%	2.3%	1.8%	2.1%	2.4%	3.2%	1.7%	1.8%
Enterprise value	₹34.7B	₹51.7B	₹65.6B	₹62.3B	₹106.4B	₹41.7B	₹41.7B	₹43B
Net debt / EBITDA	2.58×	0.5×	0.11×	1.25×	0.28×	0.93×	1.02×	1.12×
Cash conversion cycle (days)	12	16	0	51	31	16	2	29