Share price
₹123.48 latest close · −15.1% over the last 90 sessions
₹123.48 month-end · −35.3% over 12 months
₹123.48 month-end · −22.2% over 3 years
₹123.48 month-end · +47.4% since Feb '19
52-week range ₹110.00 to ₹215.00 · 1-year volatility 47.3%
Was the rally earned?
Mostly earnings.
- Per-share earnings took off 50 points, while the multiple moved less (P/E 22.5x to 27.0x).
- The share count barely moved.
Earnings helped, the multiple did not.
- Per-share earnings added 81 points, but investors now pay less per rupee of profit (P/E 86.7x to 27.0x), which took 103 points back.
- The share count barely moved.
Mostly earnings.
- Per-share earnings took off 155 points, while the multiple moved less (P/E 6.2x to 27.0x).
- The share count barely moved.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-69.2% (2024-10 peak to 2026-10 low, not yet recovered)
-61.0% (2021-11 peak to 2022-06 low, recovered 2024-02)
-56.1% (2019-03 peak to 2020-03 low, recovered 2020-07)
Is it expensive against its own past and its peers?
Usual range 3.4x to 77.3x since 2019-02.
49% above the Finance median.
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How to read this
Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).
Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.
Where does it rank among Finance peers?
Each cell is the company's percentile rank among its Finance peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE8th▼ 23 pts vs a year ago
- Op. margin96thflat vs a year ago
- Revenue growth16thflat vs a year ago
- EPS growth17th▲ 5 pts vs a year ago
- Debt/equity ↓90thflat vs a year ago
- Cash cycle ↓89thflat vs a year ago
- P/E ↓39th▼ 16 pts vs a year ago
- 12M momentum18th▼ 33 pts vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Finance sector page Watch it move against Finance in the Observatory
What is the price implying?
At a P/E of 9.5x, the price would imply about 5.6%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Below the ₹1,000 cr market-cap floor used for the lists.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Finance The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹123.48
- P/E
- 27.0x
- ROCE
- -2.1%
- Market Cap
- ₹37 cr
- Revenue (TTM)
- ₹12 cr
- P/S
- 3.1x
- P/B
- 0.6x
- ROE
- 2.4%
- Operating Margin
- 92.7%
- Debt / Equity
- 0.0x
- Promoter Holding
- 47.0%
- 12M Momentum
- -35.3%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance4%Within range
Other income as a share of pre-tax profit (trailing twelve months): 4.3%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate5%Near threshold
Median quarterly effective tax rate over about 2.5 years: 5.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion-0.94xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: -0.94x (cash from operations ₹-12.4 cr, net profit ₹13.2 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow1 of 5 yrsBeyond threshold
Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history0 daysWithin range
Debtor days are below the median of the previous three fiscal years by 0 days (0 vs 0). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress0% of fixed assetsWithin range
Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like THE LAKSHMI FINANCE & INDUSTRI today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −13% to +51% vs the market, against +1% for all non-financial companies in the same months.
- The analogs' median sat above that base rate (gap +16.5%, 80% range +1.8% to +26.4%), but the matches cluster in only 6 distinct 12-month windows.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 6 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 29 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| ANTELOPUS Energy Minerals |
Dec 2021 | 32x | -2% | +5% | −26% | +79% |
| GANGESSECU Finance |
Mar 2023 | 12x | 2% | −29% | −35% | −18% |
| IVC Finance |
Dec 2022 | 25x | 7% | −27% | −31% | +27% |
| LOTUSEYE Health Services |
Oct 2021 | 54x | 4% | +25% | −29% | +64% |
| SURANAT&P Distribution Services |
Jun 2023 | 24x | 0% | −5% | −30% | +77% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| INDBANK Finance |
May 2020 | 13x | 6% | −43% | −48% | +82% |
| INDIANCARD Producer Manufacturing |
Feb 2024 | 42x | 2% | +21% | −24% | −2% |
| ALPHAGEO Industrial Services |
Jun 2023 | 13x | 0% | +2% | −16% | −9% |
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and P/E. Not used (unavailable for this company): interest cover. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What changed?
30 events since Jun '20
- OctPriceFell 69% from the Oct 2024 peak to the Oct 2026 low.
- SepPeer rankMoved into the top quartile of Finance on operating margin (from the bottom quartile).
- JunPeer rankSlipped to the bottom quartile of Finance on ROCE (from the 3rd quartile).
- JunDividendDividend payout cut from 25% to -106% of profit.
- MarResultsEPS (TTM) turned positive.
- MarPeer rankMoved into the top quartile of Finance on operating margin (from the bottom quartile).
- DecResultsEPS (TTM) turned negative.
- DecPeer rankSlipped to the bottom quartile of Finance on operating margin (from the top quartile).
Show 22 earlier events
- SepPeer rankMoved into the top quartile of Finance on operating margin (from the bottom quartile).
- JunResultsYear-on-year EPS growth turned negative.
- JunPeer rankSlipped to the 3rd quartile of Finance on ROCE (from the top quartile).
- MarPeer rankSlipped to the bottom quartile of Finance on operating margin (from the top quartile).
- SepPeer rankMoved into the top quartile of Finance on operating margin (from the 2nd quartile).
- AugPriceRegained the 2024-02 peak, 3 months after the low.
- JunResultsYear-on-year EPS growth turned positive.
- JunPeer rankMoved into the top quartile of Finance on ROCE (from the bottom quartile).
- JunDividendDividend payout cut from 109% to 12% of profit.
- MayPriceFell 29% from the Feb 2024 peak to the May 2024 low.
- FebPriceRegained the 2021-11 peak, 20 months after the low.
- JunValuationP/E crossed above the 90th percentile of its own history to date (76.6x).
- JunPeer rankSlipped to the bottom quartile of Finance on ROCE (from the 2nd quartile).
- JunPriceFell 61% from the Nov 2021 peak to the Jun 2022 low.
- JunPeer rankSlipped to the 2nd quartile of Finance on ROCE (from the top quartile).
- JunResultsEPS (TTM) turned positive.
- JunPeer rankMoved into the top quartile of Finance on ROCE (from the bottom quartile).
- JunDividendStarted paying a dividend (payout 10% of profit).
- FebPriceRegained the 2020-07 peak, 5 months after the low.
- SepPriceFell 47% from the Jul 2020 peak to the Sep 2020 low.
- JulPriceRegained the 2019-03 peak, 4 months after the low.
- JunResultsEPS (TTM) turned negative.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history94 months · 2019-02 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 27.0x | ₹12 cr | 2.4% | -2.1% | 0.0x |
| 2026-10 | 25.5x | ₹12 cr | 2.4% | -2.1% | 0.0x |
| 2026-09 | 28.7x | ₹12 cr | 2.4% | -2.1% | 0.0x |
| 2026-08 | 37.5x | ₹11 cr | 1.9% | -2.1% | 0.0x |
| 2026-07 | 40.3x | ₹11 cr | 1.9% | -2.1% | 0.0x |
| 2026-06 | 40.3x | ₹11 cr | 1.9% | -2.1% | 0.0x |
| 2026-05 | 36.3x | ₹11 cr | 2.0% | 4.3% | 0.0x |
| 2026-04 | 35.1x | ₹11 cr | 2.0% | 4.3% | 0.0x |
| 2026-03 | 28.1x | ₹11 cr | 2.0% | 4.3% | 0.0x |
| 2026-02 | — | ₹11 cr | -3.7% | 4.3% | 0.0x |
| 2026-01 | — | ₹11 cr | -3.7% | 4.3% | 0.0x |
| 2025-12 | — | ₹11 cr | -3.7% | 4.3% | 0.0x |
| 2025-11 | 22.5x | ₹14 cr | 4.3% | 4.3% | 0.0x |
| 2025-10 | 25.4x | ₹14 cr | 4.3% | 4.3% | 0.0x |
| 2025-09 | 24.4x | ₹14 cr | 4.3% | 4.3% | 0.0x |
| 2025-08 | 17.0x | ₹15 cr | 6.0% | 4.3% | 0.0x |
| 2025-07 | 18.0x | ₹15 cr | 6.0% | 4.3% | 0.0x |
| 2025-06 | 18.3x | ₹15 cr | 6.0% | 4.3% | 0.0x |
| 2025-05 | 8.2x | ₹17 cr | 14.4% | 24.8% | 0.0x |
| 2025-04 | 7.5x | ₹17 cr | 14.4% | 24.8% | 0.0x |
| 2025-03 | 6.4x | ₹17 cr | 14.4% | 24.8% | 0.0x |
| 2025-02 | 3.7x | ₹20 cr | 24.5% | 24.8% | 0.0x |
| 2025-01 | 4.7x | ₹20 cr | 24.5% | 24.8% | 0.0x |
| 2024-12 | 5.1x | ₹20 cr | 24.5% | 24.8% | 0.0x |
| 2024-11 | 5.5x | ₹19 cr | 22.1% | 24.8% | 0.0x |
| 2024-10 | 6.0x | ₹19 cr | 22.1% | 24.8% | 0.0x |
| 2024-09 | 7.5x | ₹19 cr | 22.1% | 24.8% | 0.0x |
| 2024-08 | 6.5x | ₹16 cr | 18.4% | 24.8% | 0.0x |
| 2024-07 | 6.2x | ₹16 cr | 18.4% | 24.8% | 0.0x |
| 2024-06 | 6.0x | ₹16 cr | 18.4% | 24.8% | 0.0x |
| 2024-05 | 121.9x | ₹4 cr | 1.2% | 0.5% | 0.0x |
| 2024-04 | 98.4x | ₹4 cr | 1.2% | 0.5% | 0.0x |
| 2024-03 | 93.0x | ₹4 cr | 1.2% | 0.5% | 0.0x |
| 2024-02 | 110.7x | ₹4 cr | 1.2% | 0.5% | 0.0x |
| 2024-01 | 94.8x | ₹4 cr | 1.2% | 0.5% | 0.0x |
| 2023-12 | 99.7x | ₹4 cr | 1.2% | 0.5% | 0.0x |
| 2023-11 | 86.7x | ₹4 cr | 1.2% | 0.5% | 0.0x |
| 2023-10 | 79.3x | ₹4 cr | 1.2% | 0.5% | 0.0x |
| 2023-09 | 74.3x | ₹4 cr | 1.2% | 0.5% | 0.0x |
| 2023-08 | 76.8x | ₹4 cr | 1.2% | 0.5% | 0.0x |
| 2023-07 | 68.3x | ₹4 cr | 1.2% | 0.5% | 0.0x |
| 2023-06 | 76.6x | ₹4 cr | 1.2% | 0.5% | 0.0x |
| 2023-05 | 7.1x | ₹8 cr | 12.1% | 14.1% | 0.0x |
| 2023-04 | 5.7x | ₹8 cr | 12.1% | 14.1% | 0.0x |
| 2023-03 | 6.2x | ₹8 cr | 12.1% | 14.1% | 0.0x |
| 2023-02 | 5.4x | ₹8 cr | 12.1% | 14.1% | 0.0x |
| 2023-01 | 6.1x | ₹8 cr | 12.1% | 14.1% | 0.0x |
| 2022-12 | 5.9x | ₹8 cr | 12.1% | 14.1% | 0.0x |
| 2022-11 | 7.6x | ₹8 cr | 12.1% | 14.1% | 0.0x |
| 2022-10 | 5.4x | ₹8 cr | 12.1% | 14.1% | 0.0x |
| 2022-09 | 6.0x | ₹8 cr | 12.1% | 14.1% | 0.0x |
| 2022-08 | 5.4x | ₹8 cr | 12.1% | 14.1% | 0.0x |
| 2022-07 | 5.7x | ₹8 cr | 12.1% | 14.1% | 0.0x |
| 2022-06 | 5.1x | ₹8 cr | 12.1% | 14.1% | 0.0x |
| 2022-05 | 3.2x | ₹15 cr | 21.7% | 36.9% | 0.0x |
| 2022-04 | 3.4x | ₹15 cr | 21.7% | 36.9% | 0.0x |
| 2022-03 | 3.2x | ₹15 cr | 21.7% | 36.9% | 0.0x |
| 2022-02 | 3.1x | ₹15 cr | 21.7% | 36.9% | 0.0x |
| 2022-01 | 4.3x | ₹15 cr | 21.7% | 36.9% | 0.0x |
| 2021-12 | 4.6x | ₹15 cr | 21.7% | 36.9% | 0.0x |
| 2021-11 | 6.2x | ₹15 cr | 21.7% | 36.9% | 0.0x |
| 2021-10 | 2.6x | ₹15 cr | 21.7% | 36.9% | 0.0x |
| 2021-09 | 2.6x | ₹15 cr | 21.7% | 36.9% | 0.0x |
| 2021-08 | 2.5x | ₹15 cr | 21.7% | 36.9% | 0.0x |
| 2021-07 | 2.6x | ₹15 cr | 21.7% | 36.9% | 0.0x |
| 2021-06 | 2.6x | ₹15 cr | 21.7% | 36.9% | 0.0x |
| 2021-05 | — | ₹3 cr | -19.5% | -24.5% | 0.0x |
| 2021-04 | — | ₹3 cr | -19.5% | -24.5% | 0.0x |
| 2021-03 | — | ₹3 cr | -19.5% | -24.5% | 0.0x |
| 2021-02 | — | ₹3 cr | -19.5% | -24.5% | 0.0x |
| 2021-01 | — | ₹3 cr | -19.5% | -24.5% | 0.0x |
| 2020-12 | — | ₹3 cr | -19.5% | -24.5% | 0.0x |
| 2020-11 | — | ₹3 cr | -19.5% | -24.5% | 0.0x |
| 2020-10 | — | ₹3 cr | -19.5% | -24.5% | 0.0x |
| 2020-09 | — | ₹3 cr | -19.5% | -24.5% | 0.0x |
| 2020-08 | — | ₹3 cr | -19.5% | -24.5% | 0.0x |
| 2020-07 | — | ₹3 cr | -19.5% | -24.5% | 0.0x |
| 2020-06 | — | ₹3 cr | -19.5% | -24.5% | 0.0x |
| 2020-05 | 21.4x | ₹3 cr | 1.5% | 0.1% | 0.0x |
| 2020-04 | 22.7x | ₹3 cr | 1.5% | 0.1% | 0.0x |
| 2020-03 | 19.3x | ₹3 cr | 1.5% | 0.1% | 0.0x |
| 2020-02 | 24.9x | ₹3 cr | 1.5% | 0.1% | 0.0x |
| 2020-01 | 25.6x | ₹3 cr | 1.5% | 0.1% | 0.0x |
| 2019-12 | 23.3x | ₹3 cr | 1.5% | 0.1% | 0.0x |
| 2019-11 | 24.6x | ₹3 cr | 1.5% | 0.1% | 0.0x |
| 2019-10 | 23.1x | ₹3 cr | 1.5% | 0.1% | 0.0x |
| 2019-09 | 27.5x | ₹3 cr | 1.5% | 0.1% | 0.0x |
| 2019-08 | 25.0x | ₹3 cr | 1.5% | 0.1% | 0.0x |
| 2019-07 | 29.0x | ₹3 cr | 1.5% | 0.1% | 0.0x |
| 2019-06 | 29.4x | ₹3 cr | 1.5% | 0.1% | 0.0x |
| 2019-05 | 4.7x | ₹7 cr | 10.9% | 11.7% | 0.0x |
| 2019-04 | 4.8x | ₹7 cr | 10.9% | 11.7% | 0.0x |
| 2019-03 | 4.9x | ₹7 cr | 10.9% | 11.7% | 0.0x |
| 2019-02 | 5.4x | ₹7 cr | 10.9% | 11.7% | 0.0x |