Laxmi Organic Industries Ltd. share price target

Near-term performance is expected to remain muted, as pricing pressure in key product categories and elevated input costs continue to weigh on margins.

The company has signed LOI with Hitachi Energy to set up production of an eco-efficient gas used in Hitachi's SF6-free high-voltage switchgear portfolio Laxmi Organic Industries (LXCHEM) reported a topline of Rs7.1bn, reflecting a decline both YoY and sequentially, primarily due to continued pricing pressure across its product segments. However, the company recorded a modest volume growth of 1% during the quarter. The Specialty Chemicals segment outperformed in FY25, with EBITDA margin improving by 200bps to 23%....

Laxmi Organic Industries Ltd. is a leading manufacturer of Acetyl Intermediates and Specialty Intermediates with almost three decades of experience in large scale manufacturing of chemicals. Company started its business in 1989, with initially manufacturing acetaldehyde and acetic acid in 1992, and soon thereafter moved on to manufacturing of ethyl acetate in 1996; currently among

Incorporated on 15th May 1989, the company is a leading manufacturer of Acetyl Intermediates and Specialty Intermediates with almost 3 decades of experience in large scale manufacturing of chemicals. Company is currently among the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market. It is the only manufacturer of diketene derivatives in India with a market share of approximately 55 % of the Indian diketene derivatives market in terms of revenue in FY20 and one of the largest portfolios of diketene products. Further, post completion of the YCPL...

share. It is the sole manufacturer of diketene derivatives in India with 55% market share. While growth has been muted in FY20 due to floods and low production along with weak spreads, we expect it to improve as new capacities and business segment come on stream in FY22/23E. On an annualized H1FY21 numbers, the stock is valued at PER of ~38x FY21 which...

share. It is the sole manufacturer of diketene derivatives in India with 55% market share. While growth has been muted in FY20 due to floods and low production along with weak spreads, we expect it to improve as new capacities and business segment come on stream in FY22/23E. On an annualized H1FY21 numbers, the stock is valued at PER of ~38x FY21 which...

Laxmi Organic Industries Limited - IPO Note Issue Open: Mar 15 Mar 17, 2021; Price Band: Rs. 129 130; *Issue Size: 46,153,846 eq shares (Fresh issue 23,076,923 + Offer for sale of 23,076,923 eq sh); Issue Size: Rs. 595.4 600.0 cr; Reservation for: QIB Upto 50% eq sh, Non Institutional atleast 15% eq sh, Retail atleast 35% eq sh; Face Value: Rs 2 Book value: Rs 20.99 (September 30, 2020); Bid size: - 115 equity shares and in multiples thereof

Fluorospecialty chemicals business to support long term growth In June 2019, the company acquired assets including plant & machinery, design and operating paperwork, REACH registrations and patents of Miteni, a manufacturer of organic fluorospecialties and electrochemical fluorination with a view to foray into the fluorospecialty chemical business and leverage its experience, capabilities and relationships. The company has also acquired 14 patents, 41 REACH registrations and all formulations, production and maintenance data and research & development data through...

Investment in wholly owned Subsidiary, Yellowstone Fine Chemicals Private Limited (YFCPL) for part-financing its capital expenditure requirements in relation to the setting up of a manufacturing facility for fluorospecialty chemicals (Proposed Facility) (Rs. 60.4 cr.); Investment in YFCPL for funding its working capital requirements (Rs. 37.7cr.);...