India's Most Valuable Companies 2023 edition · Source: Hurun India
Rank#498- Valuation
- ₹6,755 Cr
2022 #375 2021 #281
Market Cap
₹4,328 Cr
LXCHEM · NSE
Share Price
₹150.46
-3.38% today
Revenue
₹2,847 Cr
FY 2025-26 · -4.7% YoY
EBITDA
₹171 Cr
Margin 6.0%
Net Profit
₹79.94 Cr
FY 2025-26 · -32.4% YoY
P/E (TTM)
35.6x
P/B 2.3x
ROE
4.1%
ROCE 4.7%
Debt / Equity
0.21
Interest cover 23.3x
About Laxmi Organic Industries Limited
Data last updated:
Laxmi Organic Industries Limited is a public limited company based in Mahad, Maharashtra, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 15 May 1989 and has been in existence for over 37 years.
Its director Ravi Goenka is #813 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L24200MH1989PLC051736. Its GSTIN is 27AAACL2435R1Z5 (Maharashtra). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 543277 and NSE: LXCHEM.
The company has an authorised share capital of ₹126 Cr and a paid-up capital of ₹55.44 Cr. It is led by directors including Rajan Venkatesh (Managing Director) and Harshvardhan Ravi Goenka (Whole-Time Director).
Its last annual general meeting (AGM) was held on 05 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at A – 22/2/3 MIDC, Mahad, Maharashtra, India – 402309.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,846.67 Cr, a decline of 4.6% compared to the previous year. For the same year it recorded a net profit of ₹79.94 Cr (net margin 2.8%) and EBITDA of ₹171.39 Cr (EBITDA margin 6%). The net worth stands at ₹1,985.6 Cr (up 4.1% YoY). Total assets are valued at ₹2,538.61 Cr (up 16.9% YoY).
The company has about 926 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 1 brand: Laxmi Organic Industries. As per MCA filings, the company has open charges of ₹1,621 Cr and satisfied charges of ₹1,888.7 Cr on record. Court records list 552 cases involving the company, including 210 filed by the company and 342 filed against it; 198 cases are pending. The company has 33 deals on record (18 secondary share transfers, 9 market trades, 3 funding rounds), with disclosed funding of ₹251.21 Cr; the latest was in June 2026. Its 5 peer companies in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 2 larger and 3 smaller; the largest is Gujarat Alkalies and Chemicals Limited with revenue of ₹4,165.05 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 375 overdue payments to 120 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website laxmi.com.
Company details
CIN L24200MH1989PLC051736
Registration Number 051736
Incorporation Date 15 May 1989
ROC Mumbai
Listing Status Listed - Listed on NSE (LXCHEM); Listed on BSE (543277)
Company Status Active
Date of Last AGM 05 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN history
Laxmi Organic Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L24200MH1989PLC051736, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24200MH1989PLC051736 | Current |
| U24200MH1989PLC051736 | Previous |
| U24200MH1989PTC051736 | Previous |
Key People
Rajan Venkatesh Managing Director Harshvardhan Ravi Goenka Whole-Time Director Ravi Goenka Vasudeo Whole-Time Director Recognitions & Rankings of Laxmi Organic Industries
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #813 Ravi Goenka ₹3,800 Cr
Contact details
Laxmi Organic Industries Limited's registered office is in Mahad, Maharashtra. Its website is laxmi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 22/2/3 MIDC, Mahad, Maharashtra, India – 402309
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Laxmi Organic Industries Limited, buy the company report.
Comprehensive company report
Laxmi Organic Industries Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Laxmi Organic Industries operates one associated brand: Laxmi Organic Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified chemicals are manufactured by Laxmi in Mumbai, India. | laxmi.com |
Business activity
The main business activity of Laxmi Organic Industries is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Laxmi Organic Industries Limited, buy the company report.
Financials of Laxmi Organic Industries Limited
FY 2025-26 filings availableLaxmi Organic Industries Limited reported revenue of ₹2,846.67 Cr (down 4.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹2,847 Cr
-4.6% YoY
EBITDA
₹171 Cr
-38.7% YoY
Profit After Tax
₹79.94 Cr
-32.4% YoY
Net Worth
₹1,986 Cr
+4.1% YoY
Total Assets
₹2,539 Cr
+16.9% YoY
Total Debt
₹543 Cr
+110.8% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,847 | 2,985 | 2,865 | 2,797 | 3,084 | 1,768 | 1,534 |
| Revenue growth | -4.7% | +4.2% | +2.4% | -9.3% | +74.4% | +15.3% | - |
| EBITDA | 171 | 280 | 256 | 248 | 371 | 219 | 117 |
| EBITDA margin | +6.0% | +9.4% | +8.9% | +8.9% | +12.0% | +12.4% | +7.6% |
| Profit before tax | 87.97 | 161 | 171 | 173 | 318 | 158 | 80.78 |
| Net profit | 79.94 | 118 | 117 | 124 | 256 | 127 | 49.49 |
| Net profit margin | +2.8% | +4.0% | +4.1% | +4.4% | +8.3% | +7.2% | +3.2% |
| EPS (₹) | 2.86 | 4.10 | 4.37 | 4.70 | 9.72 | 4.82 | 15.57 |
| Balance sheet | |||||||
| Total assets | 2,539 | 2,171 | 1,947 | 1,822 | 1,444 | 1,188 | 597 |
| Net worth | 1,986 | 1,907 | 1,798 | 1,412 | 1,301 | 1,035 | 427 |
| Total debt | 543 | 258 | 143 | 406 | 139 | 149 | 159 |
| Cash & bank | 61.33 | 118 | 317 | 131 | 182 | 539 | 36.33 |
| Net working capital | 349 | 425 | 502 | 634 | 669 | 669 | 179 |
| Cash flow | |||||||
| Cash from operations | 175 | 108 | 561 | 199 | 45.68 | 106 | 196 |
| Cash from investing | (404) | (268) | (490) | (384) | 94.92 | (641) | (55.91) |
| Cash from financing | 247 | 90.12 | (41.62) | 232 | (124) | 527 | (123) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 968 | 735 | 719 | 700 | 693 | 710 | 786 | 771 |
| Revenue growth (YoY) | +39.8% | +3.6% | -8.6% | -9.3% | -3.5% | - | - | - |
| Other income | 3.44 | 2.71 | 3.15 | 3.93 | 5.51 | 1.10 | 5.63 | 6.65 |
| EBITDA | 114 | 53.63 | 49.92 | 37.08 | 30.75 | 59.00 | 74.77 | 74.68 |
| EBITDA margin | +11.8% | +7.3% | +6.9% | +5.3% | +4.4% | +8.3% | +9.5% | +9.7% |
| Depreciation | 21.71 | 19.20 | 20.47 | 19.82 | 17.15 | 39.51 | 31.19 | 27.46 |
| Interest | 4.30 | 4.68 | 6.80 | 5.70 | 4.92 | 7.34 | 2.16 | 7.64 |
| Profit before tax | 91.76 | 32.46 | 25.80 | 15.49 | 14.19 | 13.25 | 47.05 | 46.23 |
| Tax | 24.04 | 10.92 | 0.41 | 4.48 | (7.20) | (8.52) | 17.74 | 18.16 |
| Net profit | 67.72 | 21.54 | 25.39 | 11.01 | 21.39 | 21.77 | 29.31 | 28.07 |
| EPS (₹) | 2.44 | (0.78) | 0.92 | 0.40 | 0.76 | 0.79 | 1.05 | 1.00 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,809 | 2,945 | 2,824 | 2,691 | 2,882 | 1,606 | 1,359 |
| Revenue growth | -4.6% | +4.3% | +5.0% | -6.6% | +79.4% | +18.2% | - |
| EBITDA | 174 | 282 | 258 | 247 | 337 | 205 | 120 |
| EBITDA margin | +6.2% | +9.6% | +9.1% | +9.2% | +11.7% | +12.7% | +8.8% |
| Profit before tax | 92.57 | 165 | 176 | 183 | 294 | 151 | 90.39 |
| Net profit | 79.80 | 123 | 123 | 134 | 239 | 123 | 57.49 |
| Net profit margin | +2.8% | +4.2% | +4.4% | +5.0% | +8.3% | +7.6% | +4.2% |
| EPS (₹) | 2.86 | 4.26 | 4.62 | 5.08 | 9.09 | 4.65 | 17.47 |
| Balance sheet | |||||||
| Total assets | 2,539 | 2,174 | 1,946 | 1,796 | 1,386 | 1,123 | 582 |
| Net worth | 1,988 | 1,912 | 1,800 | 1,420 | 1,282 | 1,044 | 441 |
| Total debt | 541 | 255 | 139 | 372 | 99.23 | 74.75 | 138 |
| Cash & bank | 35.98 | 94.12 | 291 | 118 | 177 | 534 | 33.84 |
| Net working capital | 319 | 396 | 471 | 602 | 605 | 622 | 205 |
| Cash flow | |||||||
| Cash from operations | 173 | 114 | 521 | 161 | 60.61 | 110 | 135 |
| Cash from investing | (404) | (274) | (494) | (362) | 43.86 | (604) | (2.61) |
| Cash from financing | 248 | 91.47 | (10.49) | 241 | (87.48) | 485 | (115) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 958 | 723 | 707 | 706 | 672 | 714 | 768 | 744 |
| Revenue growth (YoY) | +42.5% | +1.3% | -7.9% | -5.1% | -6.4% | - | - | - |
| Other income | 3.43 | 2.61 | 3.17 | 3.90 | 5.51 | 4.85 | 5.61 | 6.38 |
| Total expenses | 851 | 670 | 660 | 666 | 638 | 655 | 695 | 672 |
| EBITDA | 107 | 53.17 | 47.19 | 39.98 | 33.77 | 59.28 | 72.43 | 72.06 |
| EBITDA margin | +11.2% | +7.4% | +6.7% | +5.7% | +5.0% | +8.3% | +9.4% | +9.7% |
| Depreciation | 21.33 | 18.81 | 20.09 | 19.43 | 16.77 | 39.13 | 30.80 | 27.06 |
| Interest | 4.20 | 4.58 | 6.70 | 5.59 | 4.76 | 7.09 | 2.39 | 7.01 |
| Profit before tax | 84.89 | 32.39 | 23.57 | 18.86 | 17.75 | 17.91 | 44.85 | 44.37 |
| Tax | 21.60 | 9.87 | 3.75 | 4.92 | (5.22) | (10.57) | 17.02 | 17.84 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 25 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 968 | 735 | 719 | 700 | 693 | 710 | 786 | 771 |
| Revenue growth (YoY) | +39.8% | +3.6% | -8.6% | -9.3% | -3.5% | - | - | - |
| Other income | 3.44 | 2.71 | 3.15 | 3.93 | 5.51 | 1.10 | 5.63 | 6.65 |
| EBITDA | 114 | 53.63 | 49.92 | 37.08 | 30.75 | 59.00 | 74.77 | 74.68 |
| EBITDA margin | +11.8% | +7.3% | +6.9% | +5.3% | +4.4% | +8.3% | +9.5% | +9.7% |
| Depreciation | 21.71 | 19.20 | 20.47 | 19.82 | 17.15 | 39.51 | 31.19 | 27.46 |
| Interest | 4.30 | 4.68 | 6.80 | 5.70 | 4.92 | 7.34 | 2.16 | 7.64 |
| Profit before tax | 91.76 | 32.46 | 25.80 | 15.49 | 14.19 | 13.25 | 47.05 | 46.23 |
| Tax | 24.04 | 10.92 | 0.41 | 4.48 | (7.20) | (8.52) | 17.74 | 18.16 |
| Net profit | 67.72 | 21.54 | 25.39 | 11.01 | 21.39 | 21.77 | 29.31 | 28.07 |
| EPS (₹) | 2.44 | (0.78) | 0.92 | 0.40 | 0.76 | 0.79 | 1.05 | 1.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,847 | 2,985 | 2,865 | 2,797 | 3,084 | 1,768 | 1,534 |
| Revenue growth | -4.7% | +4.2% | +2.4% | -9.3% | +74.4% | +15.3% | - |
| Other income | 15.31 | 25.36 | 28.23 | 12.05 | 14.88 | 4.61 | 30.16 |
| Total expenses | 2,675 | 2,706 | 2,609 | 2,548 | 2,713 | 1,549 | 1,418 |
| Employee cost | 164 | 126 | 148 | 102 | 109 | 80.12 | 63.51 |
| EBITDA | 171 | 280 | 256 | 248 | 371 | 219 | 117 |
| EBITDA margin | +6.0% | +9.4% | +8.9% | +8.9% | +12.0% | +12.4% | +7.6% |
| Depreciation | 76.64 | 124 | 107 | 72.41 | 49.28 | 46.52 | 48.89 |
| Interest | 22.09 | 20.45 | 6.55 | 14.87 | 18.89 | 19.01 | 17.04 |
| Profit before tax | 87.97 | 161 | 171 | 173 | 318 | 158 | 80.78 |
| Tax | 8.61 | 47.02 | 50.26 | 48.30 | 61.44 | 31.34 | 10.56 |
| Net profit | 79.94 | 118 | 117 | 124 | 256 | 127 | 49.49 |
| Net profit margin | +2.8% | +4.0% | +4.1% | +4.4% | +8.3% | +7.2% | +3.2% |
| EPS (₹) | 2.86 | 4.10 | 4.37 | 4.70 | 9.72 | 4.82 | 15.57 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 55.43 | 55.41 | 55.16 | 53.04 | 52.73 | 52.73 | 45.02 |
| Reserves & surplus | 1,930 | 1,851 | 1,742 | 1,359 | 1,248 | 982 | 382 |
| Shareholders' funds (net worth) | 1,986 | 1,907 | 1,798 | 1,412 | 1,301 | 1,035 | 427 |
| Minority interest | 0.34 | 0.34 | 0.37 | 0.61 | 0.37 | 0.45 | 0.39 |
| Secured loans | 541 | 253 | 136 | 347 | 126 | 129 | 125 |
| Unsecured loans | 2.20 | 4.39 | 7.04 | 58.42 | 13.06 | 20.70 | 33.65 |
| Total debt | 543 | 258 | 143 | 406 | 139 | 149 | 159 |
| Total liabilities | 2,539 | 2,171 | 1,947 | 1,822 | 1,444 | 1,188 | 597 |
| Assets | |||||||
| Gross block | 2,087 | 1,699 | 1,288 | 1,018 | 633 | 517 | 484 |
| Net block | 1,481 | 1,166 | 879 | 715 | 394 | 325 | 338 |
| Capital work in progress | 652 | 398 | 444 | 447 | 374 | 148 | 67.49 |
| Investments | 36.95 | 148 | 126 | 22.77 | 5.25 | 3.25 | 0.00 |
| Inventories | 365 | 378 | 283 | 294 | 374 | 203 | 152 |
| Sundry debtors | 524 | 538 | 583 | 570 | 668 | 435 | 359 |
| Cash & bank balances | 61.33 | 118 | 317 | 131 | 182 | 539 | 36.33 |
| Loans & advances | 277 | 231 | 170 | 201 | 244 | 126 | 90.96 |
| Total current assets | 1,227 | 1,265 | 1,354 | 1,197 | 1,469 | 1,303 | 639 |
| Total current liabilities | 878 | 840 | 852 | 563 | 800 | 634 | 460 |
| Net working capital | 349 | 425 | 502 | 634 | 669 | 669 | 179 |
| Total assets | 2,539 | 2,171 | 1,947 | 1,822 | 1,444 | 1,188 | 597 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 41.64 | 111 | 81.01 | 33.61 | 16.62 | 24.11 | 7.65 |
| Net cash from operating activities | 175 | 108 | 561 | 199 | 45.68 | 106 | 196 |
| Net cash from investing activities | (404) | (268) | (490) | (384) | 94.92 | (641) | (55.91) |
| Net cash from financing activities | 247 | 90.12 | (41.62) | 232 | (124) | 527 | (123) |
| Net change in cash | 18.50 | (69.50) | 30.13 | 47.40 | 16.41 | (7.49) | 16.47 |
| Closing cash | 61.33 | 118 | 317 | 131 | 182 | 539 | 36.33 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -4.7% | +4.2% | +2.4% | -9.3% | +74.4% | +15.3% | - |
| EBITDA growth | -38.7% | +9.4% | +3.1% | -33.2% | +69.3% | +88.2% | - |
| PBT growth | -45.2% | -6.0% | -1.2% | -45.6% | +100.7% | +96.1% | -17.2% |
| Net income growth | -32.4% | +0.8% | -5.4% | -51.5% | +101.2% | +157.0% | - |
| Revenue CAGR (3Y) | +0.6% | -1.1% | +17.5% | +22.2% | +25.3% | +8.8% | +12.6% |
| EBITDA CAGR (3Y) | -11.6% | -9.0% | +5.3% | +28.7% | +33.9% | +12.6% | -0.7% |
| Profitability & leverage | |||||||
| Net income margin | +2.8% | +3.8% | +4.2% | +4.5% | +8.3% | +7.2% | +4.6% |
| Return on capital employed | +4.7% | +8.8% | +9.4% | +11.5% | +25.6% | +19.9% | +11.7% |
| Return on net worth | +4.1% | +6.1% | +7.5% | +9.2% | +22.0% | +17.4% | +11.3% |
| Debt / equity | 0.21 | 0.11 | 0.17 | 0.20 | 0.12 | 0.21 | 0.38 |
| Long-term debt / equity | 0.14 | 0.04 | 0.08 | 0.05 | 0.01 | 0.07 | 0.19 |
| Interest cover | 23.31 | 13.14 | 4.39 | 8.46 | 5.87 | 11.00 | 25.18 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.50 | 2.00 | 2.48 | 3.41 | 5.37 | 3.54 | 3.29 |
| Inventory turnover | 7.66 | 9.03 | 9.92 | 8.37 | 10.69 | 9.96 | 9.51 |
| Debtors turnover | 5.36 | 5.32 | 4.97 | 4.52 | 5.59 | 4.45 | 4.48 |
| EPS (₹) | 2.86 | 4.10 | 4.37 | 4.70 | 9.72 | 4.82 | 15.57 |
| Dividend per share (₹) | 0.30 | 0.50 | 0.60 | 0.50 | 0.70 | 0.50 | 1.75 |
| Book value per share (₹) | 71.64 | 68.81 | 65.18 | 53.24 | 49.33 | 39.24 | 94.84 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 958 | 723 | 707 | 706 | 672 | 714 | 768 | 744 |
| Revenue growth (YoY) | +42.5% | +1.3% | -7.9% | -5.1% | -6.4% | - | - | - |
| Other income | 3.43 | 2.61 | 3.17 | 3.90 | 5.51 | 4.85 | 5.61 | 6.38 |
| Total expenses | 851 | 670 | 660 | 666 | 638 | 655 | 695 | 672 |
| EBITDA | 107 | 53.17 | 47.19 | 39.98 | 33.77 | 59.28 | 72.43 | 72.06 |
| EBITDA margin | +11.2% | +7.4% | +6.7% | +5.7% | +5.0% | +8.3% | +9.4% | +9.7% |
| Depreciation | 21.33 | 18.81 | 20.09 | 19.43 | 16.77 | 39.13 | 30.80 | 27.06 |
| Interest | 4.20 | 4.58 | 6.70 | 5.59 | 4.76 | 7.09 | 2.39 | 7.01 |
| Profit before tax | 84.89 | 32.39 | 23.57 | 18.86 | 17.75 | 17.91 | 44.85 | 44.37 |
| Tax | 21.60 | 9.87 | 3.75 | 4.92 | (5.22) | (10.57) | 17.02 | 17.84 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,809 | 2,945 | 2,824 | 2,691 | 2,882 | 1,606 | 1,359 |
| Revenue growth | -4.6% | +4.3% | +5.0% | -6.6% | +79.4% | +18.2% | - |
| Other income | 15.19 | 25.29 | 28.78 | 28.93 | 21.07 | 9.48 | 33.25 |
| Total expenses | 2,634 | 2,662 | 2,566 | 2,444 | 2,545 | 1,401 | 1,239 |
| Employee cost | 153 | 120 | 143 | 97.31 | 101 | 75.01 | 58.42 |
| EBITDA | 174 | 282 | 258 | 247 | 337 | 205 | 120 |
| EBITDA margin | +6.2% | +9.6% | +9.1% | +9.2% | +11.7% | +12.7% | +8.8% |
| Depreciation | 75.10 | 122 | 105 | 70.46 | 46.83 | 45.26 | 47.63 |
| Interest | 21.64 | 19.73 | 5.73 | 21.62 | 17.22 | 17.54 | 15.31 |
| Profit before tax | 92.57 | 165 | 176 | 183 | 294 | 151 | 90.39 |
| Tax | 13.32 | 47.47 | 48.62 | 48.67 | 53.98 | 28.77 | 11.76 |
| Net profit | 79.80 | 123 | 123 | 134 | 239 | 123 | 57.49 |
| Net profit margin | +2.8% | +4.2% | +4.4% | +5.0% | +8.3% | +7.6% | +4.2% |
| EPS (₹) | 2.86 | 4.26 | 4.62 | 5.08 | 9.09 | 4.65 | 17.47 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 55.43 | 55.41 | 55.16 | 53.04 | 52.73 | 52.73 | 45.02 |
| Reserves & surplus | 1,933 | 1,856 | 1,745 | 1,367 | 1,230 | 992 | 396 |
| Shareholders' funds (net worth) | 1,988 | 1,912 | 1,800 | 1,420 | 1,282 | 1,044 | 441 |
| Secured loans | 541 | 253 | 136 | 318 | 90.71 | 60.40 | 125 |
| Unsecured loans | 0.00 | 1.44 | 3.40 | 53.83 | 8.52 | 14.35 | 13.06 |
| Total debt | 541 | 255 | 139 | 372 | 99.23 | 74.75 | 138 |
| Total liabilities | 2,539 | 2,174 | 1,946 | 1,796 | 1,386 | 1,123 | 582 |
| Assets | |||||||
| Gross block | 2,091 | 1,683 | 1,272 | 989 | 596 | 502 | 470 |
| Net block | 1,499 | 1,161 | 872 | 694 | 361 | 315 | 327 |
| Capital work in progress | 652 | 419 | 459 | 87.86 | 177 | 59.88 | 22.93 |
| Investments | 55.85 | 167 | 149 | 287 | 31.73 | 25.15 | 21.26 |
| Inventories | 345 | 359 | 248 | 242 | 323 | 170 | 144 |
| Sundry debtors | 529 | 541 | 603 | 537 | 625 | 385 | 317 |
| Cash & bank balances | 35.98 | 94.12 | 291 | 118 | 177 | 534 | 33.84 |
| Loans & advances | 277 | 234 | 174 | 207 | 242 | 129 | 139 |
| Total current assets | 1,187 | 1,228 | 1,316 | 1,105 | 1,366 | 1,219 | 634 |
| Total current liabilities | 868 | 831 | 845 | 502 | 762 | 597 | 429 |
| Net working capital | 319 | 396 | 471 | 602 | 605 | 622 | 205 |
| Total assets | 2,539 | 2,174 | 1,946 | 1,796 | 1,386 | 1,123 | 582 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 17.51 | 85.20 | 69.03 | 29.44 | 12.45 | 21.63 | 4.95 |
| Net cash from operating activities | 173 | 114 | 521 | 161 | 60.61 | 110 | 135 |
| Net cash from investing activities | (404) | (274) | (494) | (362) | 43.86 | (604) | (2.61) |
| Net cash from financing activities | 248 | 91.47 | (10.49) | 241 | (87.48) | 485 | (115) |
| Net change in cash | 17.28 | (67.70) | 16.17 | 39.59 | 16.99 | (9.18) | 16.68 |
| Closing cash | 35.98 | 94.12 | 291 | 118 | 177 | 534 | 33.84 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -4.6% | +4.3% | +5.0% | -6.6% | +79.4% | +18.2% | - |
| EBITDA growth | -38.4% | +9.5% | +4.7% | -26.7% | +64.5% | +70.4% | - |
| PBT growth | -44.1% | -6.0% | -4.1% | -37.5% | +94.0% | +67.4% | -12.1% |
| Net income growth | -35.0% | -0.5% | -8.0% | -43.9% | +94.9% | +113.5% | - |
| Revenue CAGR (3Y) | +1.4% | +0.7% | +20.7% | +25.6% | +26.4% | +8.1% | +10.5% |
| EBITDA CAGR (3Y) | -11.0% | -5.7% | +8.0% | +27.1% | +30.0% | +11.2% | +1.1% |
| Profitability & leverage | |||||||
| Net income margin | +2.8% | +4.0% | +4.5% | +5.0% | +8.3% | +7.6% | +5.8% |
| Return on capital employed | +4.9% | +9.0% | +9.7% | +12.9% | +24.8% | +19.8% | +13.5% |
| Return on net worth | +4.1% | +6.4% | +7.9% | +10.0% | +20.6% | +16.5% | +12.8% |
| Debt / equity | 0.20 | 0.11 | 0.16 | 0.17 | 0.07 | 0.14 | 0.31 |
| Long-term debt / equity | 0.14 | 0.04 | 0.07 | 0.05 | 0.01 | 0.07 | 0.19 |
| Interest cover | 21.85 | 12.34 | 3.75 | 12.28 | 5.94 | 11.00 | 21.13 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.49 | 1.99 | 2.50 | 3.39 | 5.25 | 3.30 | 3.04 |
| Inventory turnover | 7.98 | 9.70 | 11.51 | 9.52 | 11.69 | 10.21 | 9.97 |
| Debtors turnover | 5.25 | 5.15 | 4.95 | 4.63 | 5.71 | 4.58 | 4.38 |
| EPS (₹) | 2.86 | 4.26 | 4.62 | 5.08 | 9.09 | 4.65 | 17.47 |
| Dividend per share (₹) | 0.30 | 0.50 | 0.60 | 0.50 | 0.70 | 0.50 | 1.75 |
| Book value per share (₹) | 71.74 | 69.00 | 65.28 | 53.54 | 48.64 | 39.61 | 97.95 |
To see the full year-wise statements and ratios of Laxmi Organic Industries Limited, buy the company report.
Board of directors of Laxmi Organic Industries Limited
Laxmi Organic Industries has 10 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Chokhani | Director | 30 Mar 2012 | 14 Years 6 Months | Current |
| Harshvardhan Ravi Goenka Also directs: Laxmi Bioenergie Limited., Anugrah Investments Limited, Yellowstone Clean Energy LLP and 5 more | Whole-Time Director | 01 Nov 2020 | 5 Years 11 Months | Current |
| Rajiv Manohar Banavali | Director | 18 May 2021 | 5 Years 5 Months | Current |
| Ravi Goenka Vasudeo | Whole-Time Director | 01 May 2010 | 16 Years 5 Months | Current |
| Rajeev Vasudeo Goenka | Director | 12 Aug 1994 | 32 Years 2 Months | Current |
| Rajeev Arvind Vaidya | Director | 25 Nov 2020 | 5 Years 11 Months | Current |
Showing 6 of 10 current directors. View all directors
Peer comparison
Laxmi Organic Industries Limited is compared with the 5 companies closest to it by revenue in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gujarat Alkalies and Chemicals Limited | ₹4,165.05 Cr (FY 2025) | 7.0% | Vadodara, Gujarat, India | |||
| Artek Surfin Chemicals Limited | ₹3,481.53 Cr (FY 2022) | 38.0% | Mumbai, Maharashtra, India | |||
| Laxmi Organic Industries Limitedthis company | ₹2,846.67 Cr (FY 2026) | ₹79.94 Cr | 2.8% | -4.6% | 926 | Mahad, Maharashtra, India |
| Ameria Minchem Private Limited | ₹2,821.59 Cr (FY 2025) | 21.0% | Jaipur, Rajasthan, India | |||
| VVF (India) Limited | ₹2,751.92 Cr (FY 2025) | 25.0% | Mumbai, Maharashtra, India | |||
| Tagros Chemicals India Private Limited | ₹2,458.65 Cr (FY 2025) | 32.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Laxmi Organic Industries Limited, buy the company report.
Auditor
Laxmi Organic Industries Limited is audited by Natvarlal Vepari & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Natvarlal Vepari & Co. | FY 2023 | 106971W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 69.30%, foreign institutional investors hold 0.70%, domestic institutional investors hold 3.80% and retail and other public shareholders hold 26.20%.
Sep 2026
QUARTER
69.30% Promoters
3.80% DII (Domestic Institutional)
0.70% FII (Foreign Institutional)
26.20% Retail & Others
Promoter holding - history
Now 69.30% · Sep 2026High 69.40% · Dec 2025Low 69.30% · Sep 2026
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 69.30% | 69.40% | 69.40% | 69.40% |
| Public | 30.70% | 30.60% | 30.60% | 30.60% |
Charges & borrowings
Open charges
₹1,621 Cr
Satisfied charges
₹1,888.7 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Oct 2025 | 101183994 | Hdfc Bank Limited | ₹500 Cr | Open | |
| 05 Jun 2025 | 101113873 | Hdfc Bank Limited | ₹150 Cr | Open | |
| 29 Mar 2022 | 100559935 | Axis Bank Limited | ₹200 Cr | Open | |
| 20 May 2021 | 100448095 | Hdfc Bank Limited | ₹25 Cr | Open | |
| 03 Oct 2019 | 100297397 | Axis Bank Limited | ₹20 Cr | Open |
To see the full charge records of Laxmi Organic Industries Limited, buy the company report.
Total charge records: 46 View all charges
Deals & funding
Laxmi Organic Industries Limited has 33 deals on record (18 secondary share transfers, 9 market trades, 3 funding rounds), with disclosed funding of ₹251.21 Cr; the latest was in June 2026.
Total deals
33
Secondary share transfers
18
Market trades
9
Funding rounds
3
QIP
1
Disclosed funding
₹251.21 Cr
Deals on record (5 of 33)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2026 | Market trade | ₹71.74 Cr | Buyer: NK Securities Research Private Limited , Blitzquant Research LLP Seller: NK Securities Research Private Limited , Blitzquant Research LLP |
| Aug 2025 | Market trade | ₹38.16 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Aug 2024 | Market trade | ₹40.16 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Oct 2023 | QIP | ₹259.12 Cr | Investors: Societe Generale, Authum Investment & Infrastructure Limited |
| Oct 2023 | Market trade | ₹64.37 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
To see the full deal history of Laxmi Organic Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Laxmi Organic Industries Limited has 552 court cases on record: 210 filed by Laxmi Organic Industries, 342 filed against it. 198 cases are pending and 354 are disposed.
Total cases
552
Filed by the company
210
Filed against the company
342
Pending
198
Disposed
354
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 431 | 285 | 167 |
| High courts | 103 | 48 | 27 |
| NCLT | 5 | 0 | 0 |
| NCLAT | 4 | 2 | 2 |
| Supreme Court | 9 | 7 | 2 |
Cases on record (5 of 552)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1101-Compensation : Motor vehicle accident compensation) | Filed against the company by The Cholamandalam M S General Insurance Co. Ltd. | Disposed |
| Supreme Court | Court case (2903-Labour and Industrial Laws : Contract labour i.e. engagement, regularization, abolition of contract labour) | Filed by the company against Nagpur Municipal Corporation and 3 others | Pending |
| Supreme Court | Court case (1101-Compensation : Motor vehicle accident compensation) | Filed against the company by Uttarakhand Transport Corporation | Disposed |
| Supreme Court | Court case (2406-Indirect Taxation : Goods and Services Tax, Integrated Goods and Services Tax, State Goods and Services Tax, UT Goods and Services Tax.) | Filed against the company by Union of India and 97 others | Disposed |
| Supreme Court | Court case (3002-Land Acquisition and Requisition : Compensation for land acquisition) | Filed against the company by Karnataka Neeravari Nigama Limited | Disposed |
To see the full case history of Laxmi Organic Industries Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Laxmi Organic Industries Limited was last rated by Indiarating on 30 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 30 Dec 2021 |
To see the full credit ratings and regulatory alerts of Laxmi Organic Industries Limited, buy the company report.
MSME payment delays
Laxmi Organic Industries Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 375 overdue payments to 120 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 120)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Techpert Process Industries | |||
| an individual supplier | |||
| Ace Industries (India) Private Limited | |||
| Safewater Lines India Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Laxmi Organic Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Laxmi Organic Industries has 4 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
4
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Viva Lifesciences Private Limited | U24100MH2013PTC245226 | |
| Cellbion Lifesciences Private Limited | U24233MH2007PTC170041 | |
| Laxmi Lifesciences Private Limited | U24233MH2013PTC245224 | |
| Yellowstone Fine Chemicals Private Limited | U24299MH2020PTC338508 |
To see the full group structure of Laxmi Organic Industries Limited, buy the company report.
Employees & EPFO
Laxmi Organic Industries Limited has a workforce of 926 employees on its EPFO records as of Jun 19, 2024, across 3 active EPFO establishments.
Employee count
926
Active EPFO establishments
3
Employee growth
15.32%
GST
Laxmi Organic Industries has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACL2435R1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 24AAACL2435R1ZB | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Laxmi Organic Industries Limited, buy the company report.
Recent activity
Laxmi Organic Industries Limited has 24 board changes on record since 1994: 10 appointments and 14 cessations. The latest: Mahadeo Purushottam Karnik ceased to be CFO on 13 Apr 2026.
AGM
Laxmi Organic Industries Limited last Annual general meeting of members was held on 05 Aug 2026 as per latest MCA records.
Ceased
Mahadeo Purushottam Karnik ceased to be CFO.
Filing
Laxmi Organic Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai Ii.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 500.00 Cr with Charge ID 101183994 was registered on 09 Oct 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 150.00 Cr with Charge ID 101113873 was registered on 05 Jun 2025.
Charges
A charge registered on 31 Mar 2023 via Charge ID 100703669 with Hdfc Bank Limited was fully satisfied on 14 May 2025.
Charges
A charge registered on 13 Oct 2022 via Charge ID 100646709 with Axis Bank Limited was fully satisfied on 18 Mar 2025.
Charges
A charge registered on 03 Sep 2019 via Charge ID 100290773 with Idbi Trusteeship Services Limited was fully satisfied on 29 Nov 2024.
Ceased
Tanushree Shyam Bagrodia ceased to be CFO.
Appointed
Vijay Ramchandra Ratnaparkhe was appointed as Director.
Appointed
Arun Lalchand Todarwal was appointed as Director.
Charges
A charge with Idbi Trusteeship Services Limited of Rs. 1,016.56 Cr registered on 03 Sep 2019 with Charge ID 100290773 was modified on 22 Dec 2023.
123 earlier events are in the company report.
News
Frequently asked questions
Laxmi Organic Industries is an active public limited company based in Mahad, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 15 May 1989 (37+ years old) and is registered under CIN L24200MH1989PLC051736. Listed on BSE: 543277 and NSE: LXCHEM.
Laxmi Organic Industries reported revenue of ₹2,846.67 Cr for FY 2025-26 (down 4.6% YoY) based on consolidated financials.
Laxmi Organic Industries has 10 current directors:
- Rajan Venkatesh - Managing Director
- Harshvardhan Ravi Goenka - Whole-Time Director
- Ravi Goenka Vasudeo - Whole-Time Director
- Manish Chokhani - Director
- Rajiv Manohar Banavali - Director
- Rajeev Vasudeo Goenka - Director
- Rajeev Arvind Vaidya - Director
- Sangeeta Kapil Jit Singh - Director
- Vijay Ramchandra Ratnaparkhe - Director
- Arun Lalchand Todarwal - Director
The latest financial statements of Laxmi Organic Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 05 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Laxmi Organic Industries is 27AAACL2435R1Z5, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAACL2435R1ZB (Gujarat).
The CIN (Corporate Identification Number) of Laxmi Organic Industries is L24200MH1989PLC051736. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Laxmi Organic Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 543277) and NSE (symbol: LXCHEM).
Laxmi Organic Industries has 552 court cases on record: 210 filed by the company and 342 filed against it. 198 are pending. Most are in the district courts.
Laxmi Organic Industries was incorporated on 15 May 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
Laxmi Organic Industries has 33 deals on record (18 secondary share transfers, 9 market trades, 3 funding rounds), with disclosed funding of ₹251.21 Cr; the latest was in June 2026.
The peers of Laxmi Organic Industries by revenue are Gujarat Alkalies and Chemicals Limited, Artek Surfin Chemicals Limited, Ameria Minchem Private Limited, VVF (India) Limited, Tagros Chemicals India Private Limited, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Mahadeo Purushottam Karnik ceased to be CFO on 13 Apr 2026. Tanushree Shyam Bagrodia ceased to be CFO on 02 Sep 2024. Vijay Ramchandra Ratnaparkhe was appointed as Director on 01 Jul 2024. Laxmi Organic Industries has 24 board changes on record in total.