Reduce Laxmi Organic Industries, target price Rs 267: Prabhudas Lilladher

Prabhudas Lilladher has reduce call on Laxmi Organic Industries with a target price of Rs 267. The current market price of Laxmi Organic Industries is Rs 286.

Laxmi Organic Industries Ltd., incorporated in the year 1989, is a Small Cap company (having a market cap of Rs 7594.17 Crore) operating in Chemicals sector.

Laxmi Organic Industries Ltd. key Products/Revenue Segments include Chemicals, Jobwork & Spares, Export Incentives, Scrap, Other Operating Revenue and Others for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 660.48 Crore, down -10.45 % from last quarter Total Income of Rs 737.53 Crore and up .83 % from last year same quarter Total Income of Rs 655.05 Crore. Company reported net profit after tax of Rs 10.71 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 72.39 per cent stake in the company as of 30-Sep-2023, while FIIs owned 0.48 per cent, DIIs 1.55 per cent.