Laxmi Organic Industries Ltd
Next 500 2024
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OVERVIEW
FINANCIALS
NEWS
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
Fortune 500 India
#455(2022)
#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)
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
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | 9 | 15 | 19 | 19 | 17 | 19 | 12 | 11 | 19 | 26 | 22 | 12 | 13 | 7 | 3 | 5 |
| Cash & Bank Balance (INR Cr) | 317 | 131 | 182 | 539 | 36 | 47 | 5 | 23 | 14 | 17 | 13 | 9 | 12 | 5 | 4 | 5 |
| Total Debt (INR Cr) | 143 | 406 | 139 | 149 | 159 | 175 | 215 | 104 | 221 | 249 | 268 | 188 | 110 | 106 | 72 | 43 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.08 | 0.29 | 0.11 | 0.14 | 0.37 | 0.39 | 0.57 | 0.34 | 0.94 | 1.19 | 1.41 | 1.05 | 0.70 | 1.46 | 1.55 | 1.28 |
| 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% |