Lagnam Spintex Limited manufactures and sells cotton yarns in India.
Fair value with questionable track record.
Share Price & News
How has Lagnam Spintex's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LAGNAM has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: LAGNAM underperformed the Indian Luxury industry which returned 18.2% over the past year.
Return vs Market: LAGNAM underperformed the Indian Market which returned 10.7% over the past year.
Price Volatility Vs. Market
How volatile is Lagnam Spintex's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StIs Lagnam Spintex (NSE:LAGNAM) Using Too Much Debt?
1 month ago | Simply Wall StCould Lagnam Spintex Limited's (NSE:LAGNAM) Investor Composition Influence The Stock Price?
2 months ago | Simply Wall StWhy Lagnam Spintex Limited’s (NSE:LAGNAM) Return On Capital Employed Might Be A Concern
Is Lagnam Spintex undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate LAGNAM's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate LAGNAM's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: LAGNAM is good value based on its PE Ratio (5.4x) compared to the Luxury industry average (11.2x).
PE vs Market: LAGNAM is good value based on its PE Ratio (5.4x) compared to the Indian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate LAGNAM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LAGNAM is good value based on its PB Ratio (0.4x) compared to the IN Luxury industry average (0.5x).
How is Lagnam Spintex forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Lagnam Spintex has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Lagnam Spintex is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Lagnam Spintex competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Lagnam Spintex performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LAGNAM has high quality earnings.
Growing Profit Margin: LAGNAM's current net profit margins (3.5%) are lower than last year (5.8%).
Past Earnings Growth Analysis
Earnings Trend: LAGNAM's earnings have grown by 18.3% per year over the past 5 years.
Accelerating Growth: LAGNAM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LAGNAM had negative earnings growth (-14%) over the past year, making it difficult to compare to the Luxury industry average (5.6%).
Return on Equity
High ROE: LAGNAM's Return on Equity (7.5%) is considered low.
Return on Assets
Return on Capital Employed
How is Lagnam Spintex's financial position?
Financial Position Analysis
Short Term Liabilities: LAGNAM's short term assets (₹672.8M) exceed its short term liabilities (₹539.8M).
Long Term Liabilities: LAGNAM's short term assets (₹672.8M) do not cover its long term liabilities (₹1.2B).
Debt to Equity History and Analysis
Debt Level: LAGNAM's debt to equity ratio (281%) is considered high.
Reducing Debt: LAGNAM's debt to equity ratio has increased from 235.9% to 281% over the past 5 years.
Debt Coverage: LAGNAM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LAGNAM's interest payments on its debt are not well covered by EBIT (2.5x coverage).
Inventory Level: LAGNAM has a high level of physical assets or inventory.
Debt Coverage by Assets: LAGNAM's debt is not covered by short term assets (assets are 0.4x debt).
What is Lagnam Spintex's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LAGNAM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate LAGNAM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if LAGNAM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LAGNAM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LAGNAM's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Anand Mangal (36yo)
Mr. Anand Mangal, is the Promoter & Managing Director of Lagnam Spintex Limited and is its Executive Director since April 01, 2017. Mr. Mangal has completed his B.Sc. (Honors) in Business & Management Stud ...
CEO Compensation Analysis
Compensation vs Market: Anand's total compensation ($USD53.61K) is about average for companies of similar size in the Indian market ($USD50.34K).
Compensation vs Earnings: Insufficient data to compare Anand's compensation with company performance.
|MD & Executive Director||0yrs||₹3.84m||6.37% ₹13.0m|
|Independent Director||2yrs||₹104.00k||no data|
|Non-Executive Director||2.2yrs||₹58.00k||no data|
|Independent Director||2yrs||₹24.00k||no data|
|Independent Director||2yrs||₹89.50k||no data|
Experienced Board: LAGNAM's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 40.1%.
Lagnam Spintex Limited's company bio, employee growth, exchange listings and data sources
- Name: Lagnam Spintex Limited
- Ticker: LAGNAM
- Exchange: NSEI
- Founded: 2010
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹204.077m
- Shares outstanding: 17.67m
- Website: https://www.lagnamspintex.com
Number of Employees
- Lagnam Spintex Limited
- A 51- 53, RIICO Growth Centre
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LAGNAM||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Sep 2018|
Lagnam Spintex Limited manufactures and sells cotton yarns in India. Its products are used in denim, terry towel, bed sheets, industrial fabrics, home textile, bottom wear, apparel and garment, and knitting segments. The company exports its products to Portugal, Italy, Germany, Belgium, South Africa, Slovenia, Columbia, China, Pakistan, Bangladesh, and other countries. Lagnam Spintex Limited was founded in 2010 and is based in Bhilwara, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 13:21|
|End of Day Share Price||2020/02/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.