Laxmi Organic Industries Ltd

Laxmi Organic Industries Ltd

Next 500 2024
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About

Laxmi Organic Industries Limited, established on May 15, 1989, is a leading specialty chemicals manufacturer and the flagship company of the Goenka Group. Founded by Ravi Goenka, the company is headquartered in Mahad, Maharashtra. Laxmi Organics is spearheaded by Dr. Rajan Venkatesh serving as CEO & Managing Director.Laxmi Organic is India’s #1 player in Acetyl Intermediaries and ranks #3 globally (excluding China). It is also India’s #1 manufacturer of Ketene & Diketene Intermediaries and among the top 5 globally. The company has developed 30+ specialty chemical products through its in-house R&D efforts.With a strong global footprint, Laxmi Organic operates in the Middle East, Shanghai, and Europe..

Incorporation Year: 1989
Headquarters: Mahad, Maharashtra
Top Management: Dr. Rajan Venkatesh serving as CEO & Managing Director
Industry: Chemicals
Website: www.laxmi.com

Featured In Fortune India Ranking

#455(2022)
Next 500 India
#98(2024)#31(2022)#75(2021)#149(2020)#254(2018)#256(2017)#385(2015)
#98(2024)#31(2022)#75(2021)#149(2020)#254(2018)#256(2017)#385(2015)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
2,879
(INR Cr)
Net Operating Income
2,865
(INR Cr)
Assets
1,947
(INR Cr)
Profit
121
(INR Cr)
Net Worth
1,798
(INR Cr)

Fortune India Coverage

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Revenue
(INR Cr)
2879
3.3%
2786
-12.2%
3172
78.9%
1773
15.5%
1536
-5.0%
1616
16.7%
1386
29.2%
1073
3.3%
1039
-2.4%
1065
22.7%
868
35.8%
639
23.5%
517
50.4%
344
60.7%
214
2.5%
209
-
Net Operating Income
(INR Cr)
2865
2.65%
2791
-9.50%
3084
74.41%
1768
15.27%
1534
-2.18%
1568
14.15%
1374
27.70%
1076
2.80%
1047
-2.54%
1074
25.11%
858
42.76%
601
0.00%
513
49.99%
342
60.72%
213
3.08%
206
0.00%
Profit
(INR Cr)
121
-3.2%
125
-51.6%
257
102.6%
127
81.2%
70
-3.2%
72
-4.4%
76
5.8%
72
169.4%
27
25.8%
21
83.7%
12
-47.3%
22
-39.9%
36
34.0%
27
181.7%
10
376.2%
2
-
Assets
(INR Cr)
1947
6.8%
1822
27.1%
1433
20.6%
1188
98.9%
597
-6.4%
638
4.8%
609
48.2%
411
-10.1%
457
-0.3%
459
0.3%
457
24.7%
367
36.9%
268
49.6%
179
51.0%
119
54.0%
77
-
Net Worth
(INR Cr)
1798
27.3%
1412
9.5%
1290
24.7%
1035
142.3%
427
-5.1%
450
18.6%
379
24.2%
305
30.1%
235
12.1%
209
10.5%
189
6.2%
178
0.0%
158
117.1%
73
56.4%
46
37.7%
34
0.0%
Employee Cost
(INR Cr)
126
23.4%
102
-6.0%
109
35.8%
80
26.2%
64
17.8%
54
31.5%
41
-6.4%
44
74.0%
25
25.4%
20
12.8%
18
22.8%
15
56.4%
9
38.0%
7
50.0%
4
8.7%
4
-
Interest Cost
(INR Cr)
9151919171912111926221213735
Cash & Bank Balance
(INR Cr)
3171311825393647523141713912545
Total Debt
(INR Cr)
1434061391491591752151042212492681881101067243

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Profit As % Of Revenues 4.2%4.5%8.1%7.2%4.6%4.5%5.5%6.7%2.6%2.0%1.3%3.4%7.0%7.9%4.5%1.0%
Profit As % Of Assets 6.2%6.8%18.0%10.7%11.7%11.3%12.4%17.4%5.8%4.6%2.5%6.0%13.6%15.1%8.1%2.6%
Profit As % Of Networth 6.7%8.8%20.0%12.3%16.4%16.1%20.0%23.4%11.3%10.1%6.1%12.2%23.0%37.3%20.7%6.0%
Interest Cost to EBITDA % 3.6%6.1%5.1%8.7%14.6%12.2%7.8%9.2%23.4%30.6%32.5%24.0%15.6%11.7%13.1%37.5%
Debt to Equity Ratio 0.080.290.110.140.370.390.570.340.941.191.411.050.701.461.551.28
RONW 7.5%9.2%22.2%17.4%11.3%17.5%22.1%26.5%12.0%10.6%6.3%12.2%31.5%45.5%24.0%6.0%
ROCE 9.6%11.5%25.8%19.9%11.7%18.7%24.6%21.4%11.6%12.4%9.3%12.5%29.8%32.0%16.9%11.5%