Laxmi Organics stock has been falling for a long time and as of now, it is trading near Rs. 264. The stock is down by approximately 57 – 60% from its all-time high and now it is consolidating in a range from the last few weeks. In a few words, from this level, the stock can go anywhere so, let’s analyze the Laxmi Organics share price target 2024, 2025, and 2026.
Laxmi Organics stock has been falling since September 2021. The sock is a penny stock and it is fundamentally very weak too. Also, It is involved in the chemicals field. In this field and penny stock, the volatility is very normal.
There are many conditions when the stock can give good returns in the future. So, let’s see the Laxmi share price target by analyzing the company’s fundamentals, services, products, technical analysis, expert advice, etc.
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About Laxmi Organics
Laxmi Organics is a chemical sector company founded in 1989 and as of now, the company’s managing director is Dr. Rajan Venkatesh.
Laxmi Organics Industries Limited is involved in the chemical sector and they have the capability of many chemical reactions like Katene Synthesis, Ethoxylation, Diazotization, Diketene Synthesis, Chlorination and Thiolation, Reactive Distillation, Esterification, Air Oxidation, Catalytic Oxidation, and Homogenous Catalyst.
Not only chemical reactions they also have good infrastructure capabilities like Multiple Moc for reactors and columns, Pipestill Reactors, 700*c to -25*c reactions, Pressure Swing Adsorption, Refrigeration capacity exceeds 2000 Tr, and 2 Torr Vacuum & azeotropic Distillation.
We suggest you check their website for a detailed analysis of their products, capacity, company, etc.
Company Fundamentals
From the fundamentals, you can know about the company in detail like the strength of the company, the right value of the company, the position of company among the all companies of the same sector, financial statements, growth of the company, and many more.
Most probably you are a retail investor, It is highly recommended to do a fundamental analysis by yourself of the stocks in which you are investing or already invested. In case, you know how to do a fundamental analysis of companies you can learn it from the Internet.
Note: The fundamentals of the Laxmi Organics Industries Limited company were last updated on 03 February 2024.
Profit Growth (Last 5 Years)
| Year | Profits (In Cr.) |
|---|---|
| March 2019 | ₹72.39 |
| March 2020 | ₹70.24 |
| March 2021 | ₹127 |
| March 2022 | ₹257 |
| March 2023 | ₹125 |
Quarterly Results (Profits)
| Quarter | Profits (In Cr.) |
|---|---|
| Dec 2022 | ₹27.27 |
| Mar 2023 | ₹24.27 |
| Jun 2023 | ₹38.33 |
| Sep 2023 | ₹10.71 |
| Dec 2023 | ₹27.19 |
Company Essentials
| Market Cap | ₹7,316Cr | ROE | 6.90% |
| P/E Ratio (TTM) | 72.79 | EPS (TTM) | 3.65 |
| P/B Ratio | 4.26 | Div Yield | 0.18% |
| Industry P/E | 38.02 | Book Value | 62.39 |
| Debt to Equity | 0.12 | Face Value | 2 |
Shareholding Pattern
| Held By | Holding % |
|---|---|
| FII | 0.67% |
| DII | 3.54% |
| Public | 25.97% |
| Promoters | 69.83% |
| Other Holders | 0.0% |
Key Points
- In 2023, the company made a very low profit as compared to the last year 2022. The 2023 year profit is slightly less than the year 2021.
- On the LaxmiOrganics Industries, there is a DEBT of Rs. 367.19 Crore and the company has cash of Rs. 117.68 Crore.
- After a major fall, still, the compnay is trading at a very high PE.
Quarterly Results
In the Dec 2023 quarter, the company profit is very high as compared to the last quarter. In Dec 2023, the compnay made a profit of Rs. 27.19 Crore while the profit in the last quarter was only Rs. 10.71 Crore.
Thumb Rules for Investing
Just by doing fundamental analysis, anyone cannot book maximum returns on the stocks. Based on the investors’ experiences a few basic rules become the t rules for investing. In short, most retail investors or newbie investors make the below mistake as a result they do not get the maximum return on their investing.
These rules apply to the maximum sectors’ stocks. If you are new in the market or don’t have enough knowledge you should follow the rules to make your self psychology strong.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case you invested all the money in one sector, if the sector faces any issue, you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh the invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you avoid the stock which can give you huge losses.
Laxmi Orgaincs Share Price Target
As we mentioned above the Laxmi Organics Industis Limited company is involved in the chemical business. According to their website information they are involved in the approx 10 types of reactions in their company which are mentioned above.
In the chemicals sector, there are approx 50+ companies which are involved in this. There are some comics like Gujarat Fluoro, Navin Fluorine, Atul, Vinati Organics, etc. companies are the leading companies in the sector. In a few words, there is very tough competition in the sector.
From time to time the demand for different types of chemicals increases and decreases. It affects the company’s profit and directly affects the stock share price. So, you have a deep knowledge of the chemical sector and the demand for good returns from the sector.
Disclaimer: We are not SEBI registered and the below-given share target price by brokerage firms, analysts (share price forecast), and analysis by us is only for educational purposes, not any buying or selling recommendation. We will be not responsible for any profit and loss.
Laxmi Organics Share Price Target 2024
In 2024, many sectors and industries are performing well and giving good returns to investors, while the chemical industry is almost flat from the last 2 years and trading near its 52-week low.
For the short term, there is no sign that the stock can go up and break its range. If the stock starts going up then you can see some good upside movements once its support is broken and the stock is sustained above the support of Rs. 324.
Laxmi Organics share price target 2025 and 2026
In the last few years, many section sectors have not performed well due to several impacts on their earning and profits. Some stocks are TCS, Infosys, Reliance, HUL, and many more.
From the last 2 years, the chemicals sector has also not performed well and almost all the chemicals stocks are trading in the same range from the last 2 years. It is because of the low demand of the chemical and there are also a large number of companies in the industry.
No one knows when the industry will start showing good profits and revenue. So for now, investing in the compnay according to the technical and sentiments is not good.
FAQs
There is no doubt the company will good profit in the future but there is also very tough competition in the chemical sector. Many companies are powerful in the sector too. The PE ratio of the company is also very high. So, do a proper analysis before investing.
In 2025 most probably we can see a good return as there are only some problems in the fundamentals of the company which is the PE Ratio. Once the demand for the chemical increases we will see a price move in the stock.
In the last 3 years, they got good profit growth and revenue growth. There are no major problems in the company fundaments except the PE ratio. In a few words, it is a good company but there are a few problems like the PE ratio.
Final Words: Laxmi Orgaics Industries Limited is a good company and the fundamentals of the company are also good. As there is very high competition in the Chemicals sector. According to the latest fundament data, the sales growth and the profit growth of the company are negative. So, plan your investment in the company or the sector with proper analysis and research.