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Highlights
- Sales over the Year and quarter: The company’s sales declined by -35.32 % over the year, decrease in net sales/revenue by -23.73 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 47.06 %. Marginal increase in other income during this quarter, up by 14.68%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Lakshmi Electrical Control Systems. Profit dropped by -48.62 % Year to Year, Lakshmi Electrical Control Systems’s profitability increased by 8.49 % in this quarter.
- EPS over the Year and quarter: EPS declined by -48.64 % Year to Year. EPS increased by 8.45 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 95.778 Cr | Rs. 81.226 Cr | Rs. 61.951 Cr | -23.73 % | -35.32 % |
Expenses | Rs. 90.04 Cr | Rs. 78.82 Cr | Rs. 59.41 Cr | -24.63 % | -34.02 % |
Operating Profit | Rs. 5.74 Cr | Rs. 2.41 Cr | Rs. 2.54 Cr | + 5.39 % | -55.75 % |
OPM % | 5.99 % | 2.97 % | 4.1 % | + 1.13 % | -1.89 % |
Other Income | Rs. 0.85 Cr | Rs. 1.09 Cr | Rs. 1.25 Cr | + 14.68 % | + 47.06 % |
Interest | Rs. 0.16 Cr | Rs. 0.16 Cr | Rs. 0.1 Cr | -37.5 % | -37.5 % |
Depreciation | Rs. 0.7 Cr | Rs. 0.8 Cr | Rs. 0.85 Cr | + 6.25 % | + 21.43 % |
Profit before tax | Rs. 5.73 Cr | Rs. 2.54 Cr | Rs. 2.84 Cr | + 11.81 % | -50.44 % |
Tax % | 29.39 % | 24.12 % | 27.13 % | + 3.01 % | -2.26 % |
Net Profit | Rs. 4.05 Cr | Rs. 1.92 Cr | Rs. 2.08 Cr | + 8.33 % | -48.64 % |
EPS in Rs | Rs. 16.49 | Rs. 7.81 | Rs. 8.47 | + 8.45 % | -48.64 % |
Today, we’re looking at Lakshmi Electrical Control Systems’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -35.32 %. However, it did see a marginal slip of -23.73 % from the previous quarter. Expenses decreased slightly by -24.63 % quarter-on-quarter, aligning with the annual decline of -34.02 %. Operating profit, while down -55.75 % compared to last year, faced a quarter-on-quarter increase of 5.39 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.89 %, but an expansion of 1.13 % sequentially. Other income rose by 14.68 % compared to the last quarter, despite an annual growth of 47.06 %. Interest expenses dropped significantly by -37.5 % from the previous quarter, yet the year-over-year decrease remains at a moderate -37.5 %. Depreciation costs climbed by 6.25 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 21.43 %. Profit before tax declined annually by -50.44 % but saw an increase from the preceding quarter by 11.81 %.
Tax expenses as a percentage of profits decreased slightly by -2.26 % compared to last year, with a more notable quarter-on-quarter increase of 3.01 %. Net profit fell by -48.64 % year-on-year but experienced a 8.33 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -48.64 % but a quarterly rise of 8.45 %. In summary, Lakshmi Electrical Control Systems’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 95.778 Cr | Rs. 81.226 Cr | Rs. 61.951 Cr | -23.73 % | -35.32 % |
Expenses | Rs. 90.04 Cr | Rs. 78.82 Cr | Rs. 59.41 Cr | -24.63 % | -34.02 % |
Operating Profit | Rs. 5.74 Cr | Rs. 2.41 Cr | Rs. 2.54 Cr | + 5.39 % | -55.75 % |
Net Profit | Rs. 4.05 Cr | Rs. 1.92 Cr | Rs. 2.08 Cr | + 8.33 % | -48.64 % |
EPS in Rs | Rs. 16.49 | Rs. 7.81 | Rs. 8.47 | + 8.45 % | -48.64 % |
In reviewing Lakshmi Electrical Control Systems’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -35.32 % year-on-year, although there was a slight dip of -23.73 % from the previous quarter. Expenses decreased by -34.02 % compared to the previous year, with a decrease of -24.63 % quarter-on-quarter. Operating Profit dropped by -55.75 % annually, and saw a 5.39 % increase from the last quarter.
Net Profit showed yearly decrease of -48.64 %, and experienced a 8.33 % increase from the previous quarter. Earnings Per Share (EPS) fell by -48.64 % annually, however rose by 8.45 % compared to the last quarter. In essence, while Lakshmi Electrical Control Systems faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
36
3-Year Profit
5
5-Year Profit
7
10-Year Profit
1,437
Current Price
354
Market Cap
For the company identified by BSE code 504258, the financial performance highlights a solid five-year profit of 5 percents. This figure escalates to 36 percents over the three-year period, pointing to positive momentum in its earnings. Despite these encouraging trends, the trailing twelve-month (TTM) figures uncover an alarming profit loss of -53 percents. This decline, coupled with the fact that the company recorded zero sales across all periods examined, raises red flags about the sustainability of its business model and its ability to generate consistent revenue. Furthermore, the stock price fluctuations during this period further reflect the company's uncertain position. The stock started at 34 percents but has since plummeted to -7 percents recently, painting a picture of rapid decline. Over a longer ten-year horizon, the stock price stood at 12 percents, further underscoring the long-term challenges the company faces in maintaining investor confidence and market value.
With a market capitalization of ₹354 crore, the company’s stock is currently trading at ₹1,437, having fluctuated within a range of ₹2,175 / 1,166 over the years. The stock's P/E ratio of 35.9 reflects a relatively high valuation compared to its earnings, which could suggest strong future growth expectations or heightened investor demand. The company’s book value is ₹189, representing the total value of its assets on a per-share basis, while the dividend yield of 1.04% offers a modest return to shareholders. ROCE, at 16.0%, highlights the company's efficient use of capital in generating profits, while ROE at 23.3% underscores its ability to generate returns for shareholders. The debt-to-equity ratio of 1.89 is very low, indicating conservative financial management and minimal reliance on borrowed funds. Despite this, the company shows a negative net cash flow of ₹-0.97 crore, which could point to cash management challenges or recent heavy investments. The Piotroski score of 6.00 suggests moderate financial strength, while the Graham Number, pegged at ₹412, offers a rough estimate of the stock's intrinsic value. The Price-to-Book (P/B) ratio of 7.62 signals that the stock is trading at a premium, which might reflect investor confidence in the company's growth trajectory.