Reported Earnings • May 24
Full year 2026 earnings released: ₹0.72 loss per share (vs ₹0.27 profit in FY 2025) Full year 2026 results: ₹0.72 loss per share (down from ₹0.27 profit in FY 2025). Revenue: ₹1.54b (up 2.4% from FY 2025). Net loss: ₹12.0m (down 360% from profit in FY 2025). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • May 14
Laxmi Cotspin Limited to Report Q4, 2026 Results on May 19, 2026 Laxmi Cotspin Limited announced that they will report Q4, 2026 results on May 19, 2026 Board Change • Apr 18
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non-Executive Independent Director Gaurav Karwa was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹14.35, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 17x in the Luxury industry in India. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹15.35, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 18x in the Luxury industry in India. Total loss to shareholders of 21% over the past three years. Reported Earnings • Feb 20
Third quarter 2026 earnings released: ₹0.86 loss per share (vs ₹0.16 profit in 3Q 2025) Third quarter 2026 results: ₹0.86 loss per share (down from ₹0.16 profit in 3Q 2025). Revenue: ₹245.7m (down 42% from 3Q 2025). Net loss: ₹14.8m (down ₹17.5m from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Feb 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Market cap is less than US$10m (₹291.5m market cap, or US$3.22m). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹17.00, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 18x in the Luxury industry in India. Total loss to shareholders of 21% over the past three years. Announcement • Feb 09
Laxmi Cotspin Limited to Report Q3, 2026 Results on Feb 13, 2026 Laxmi Cotspin Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹15.56, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 19x in the Luxury industry in India. Total loss to shareholders of 35% over the past three years. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. Independent Director Ketankumar Shah was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Aug 28
Laxmi Cotspin Limited, Annual General Meeting, Sep 19, 2025 Laxmi Cotspin Limited, Annual General Meeting, Sep 19, 2025, at 14:30 Indian Standard Time. New Risk • Aug 15
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Market cap is less than US$10m (₹432.5m market cap, or US$4.94m). Minor Risk Large one-off items impacting financial results. New Risk • Mar 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (₹438.1m market cap, or US$5.06m). Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹0.16 (vs ₹1.26 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹0.16 (up from ₹1.26 loss in 3Q 2024). Revenue: ₹422.5m (up 36% from 3Q 2024). Net income: ₹2.72m (up ₹24.2m from 3Q 2024). Profit margin: 0.6% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Feb 11
Laxmi Cotspin Limited to Report Q3, 2025 Results on Feb 10, 2025 Laxmi Cotspin Limited announced that they will report Q3, 2025 results at 12:08 PM, Indian Standard Time on Feb 10, 2025 Recent Insider Transactions • Nov 30
Chairman & MD recently bought ₹242k worth of stock On the 26th of November, Sanjay Rathi bought around 8k shares on-market at roughly ₹32.22 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹2.6m. Sanjay has been a buyer over the last 12 months, purchasing a net total of ₹19m worth in shares. Reported Earnings • Nov 16
Second quarter 2025 earnings released: ₹2.20 loss per share (vs ₹1.52 loss in 2Q 2024) Second quarter 2025 results: ₹2.20 loss per share (further deteriorated from ₹1.52 loss in 2Q 2024). Revenue: ₹564.0m (up 79% from 2Q 2024). Net loss: ₹37.7m (loss widened 45% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Sep 20
Chairman & MD recently bought ₹1.2m worth of stock On the 18th of September, Sanjay Rathi bought around 34k shares on-market at roughly ₹36.86 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹2.2m. Sanjay has been a buyer over the last 12 months, purchasing a net total of ₹11m worth in shares. Announcement • Sep 05
Laxmi Cotspin Limited, Annual General Meeting, Sep 27, 2024 Laxmi Cotspin Limited, Annual General Meeting, Sep 27, 2024, at 12:30 Indian Standard Time. Recent Insider Transactions • Aug 30
Chairman & MD recently bought ₹2.2m worth of stock On the 28th of August, Sanjay Rathi bought around 63k shares on-market at roughly ₹35.00 per share. This transaction amounted to 71% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Sanjay has been a buyer over the last 12 months, purchasing a net total of ₹4.7m worth in shares. Recent Insider Transactions • Aug 22
Insider recently sold ₹330k worth of stock On the 20th of August, Rajesh Bansal sold around 10k shares on-market at roughly ₹33.00 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹497k. Insiders have been net sellers, collectively disposing of ₹2.5m more than they bought in the last 12 months. Reported Earnings • Aug 15
First quarter 2025 earnings released: ₹2.03 loss per share (vs ₹1.58 loss in 1Q 2024) First quarter 2025 results: ₹2.03 loss per share (further deteriorated from ₹1.58 loss in 1Q 2024). Revenue: ₹304.1m (down 32% from 1Q 2024). Net loss: ₹34.9m (loss widened 29% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Jun 13
Insider recently sold ₹477k worth of stock On the 11th of June, Rajesh Bansal sold around 15k shares on-market at roughly ₹31.77 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹799k more than they bought in the last 12 months. Reported Earnings • May 19
Full year 2024 earnings released: ₹0.16 loss per share (vs ₹3.42 loss in FY 2023) Full year 2024 results: ₹0.16 loss per share (improved from ₹3.42 loss in FY 2023). Revenue: ₹1.44b (flat on FY 2023). Net loss: ₹3.10m (loss narrowed 95% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance. Announcement • May 19
Laxmi Cotspin Limited to Report Q4, 2024 Results on May 17, 2024 Laxmi Cotspin Limited announced that they will report Q4, 2024 results on May 17, 2024 Reported Earnings • Feb 14
Third quarter 2024 earnings released: ₹1.26 loss per share (vs ₹3.25 loss in 3Q 2023) Third quarter 2024 results: ₹1.26 loss per share (improved from ₹3.25 loss in 3Q 2023). Revenue: ₹310.8m (up 9.5% from 3Q 2023). Net loss: ₹21.5m (loss narrowed 61% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 147 percentage points per year, which is a significant difference in performance. Announcement • Sep 07
Laxmi Cotspin Limited, Annual General Meeting, Sep 29, 2023 Laxmi Cotspin Limited, Annual General Meeting, Sep 29, 2023, at 12:30 Indian Standard Time. Agenda: To consider and adopt Standalone and Consolidated Audited Financial statements including Profit and Loss Account Balance Sheet, for the year ended on 31st March 2023 along with Directors Report and Audited Report of the Company; to reappoint M/s. DMKH AND CO, Chartered Accountants, Mumbai, as statutory auditor of the company and to fix their remuneration; to consider Mr. Shivratan Mundada who retire by rotation and being eligible for reappointment, offers himself for re-appointment; and to consider other business issues. Reported Earnings • Aug 13
First quarter 2024 earnings released: ₹1.58 loss per share (vs ₹0.17 profit in 1Q 2023) First quarter 2024 results: ₹1.58 loss per share (down from ₹0.17 profit in 1Q 2023). Revenue: ₹446.6m (up 11% from 1Q 2023). Net loss: ₹27.1m (down ₹30.0m from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Reported Earnings • May 22
Full year 2023 earnings released: ₹3.40 loss per share (vs ₹3.17 profit in FY 2022) Full year 2023 results: ₹3.40 loss per share (down from ₹3.17 profit in FY 2022). Revenue: ₹1.45b (down 33% from FY 2022). Net loss: ₹58.6m (down 208% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 19
Third quarter 2023 earnings released: ₹3.25 loss per share (vs ₹0.30 profit in 3Q 2022) Third quarter 2023 results: ₹3.25 loss per share (down from ₹0.30 profit in 3Q 2022). Revenue: ₹283.7m (down 49% from 3Q 2022). Net loss: ₹55.8m (down ₹61.0m from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 32% per year. Reported Earnings • Nov 20
Second quarter 2023 earnings released: EPS: ₹0.10 (vs ₹0.75 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.10 (down from ₹0.75 in 2Q 2022). Revenue: ₹333.4m (down 24% from 2Q 2022). Net income: ₹1.72m (down 87% from 2Q 2022). Profit margin: 0.5% (down from 3.0% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Ketankumar Shah was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Ketankumar Shah was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 14
First quarter 2023 earnings released First quarter 2023 results: EPS: ₹0.17. Revenue: ₹402.1m (flat on 1Q 2022). Net income: ₹2.94m (up ₹2.94m from 1Q 2022). Profit margin: 0.7% (up from null in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Aug 03
Laxmi Cotspin Limited, Annual General Meeting, Aug 25, 2022 Laxmi Cotspin Limited, Annual General Meeting, Aug 25, 2022, at 12:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial statements including Profit and Loss Account Balance Sheet, for the year ended on March 31, 2022 along with Directors Report and Audited Report of the Company; to Approve and consider appointment of M/s. DMKH AND CO, Chartered Accountants, Mumbai, as Statutory Auditor of the company for the five years i.e. from F.Y. 2022 to 2027 in the Board Meeting that was appointed due to reason of casual vacancy of Singh Mundada & Associates in the company and to fix their remuneration and in this regard to consider and if thought fit to pass the following resolution as an Ordinary Resolution; to consider Prafullata Rathi who retire by rotation and being eligible for reappointment, offers himself for re-appointment; to consider Regularisation of Mr. Kailash Shrikisan Biyani as Independent Director of the company, who was appointed as additional director as on 16th October, 2021; and to transact other business. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 23% share price gain to ₹26.45, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹19.10, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 19% share price gain to ₹27.25, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 110% over the past three years. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 16% share price gain to ₹29.25, the stock trades at a trailing P/E ratio of 46.2x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 96% over the past three years. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improved over the past week After last week's 15% share price gain to ₹26.15, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 120% over the past three years. Board Change • Sep 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Piyush Agrawal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 21% share price gain to ₹25.45, the stock trades at a trailing P/E ratio of 40.2x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 89% over the past three years. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹27.85, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 21x in the Luxury industry in India. Total returns to shareholders of 97% over the past three years. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 34% share price gain to ₹21.30, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 21x in the Luxury industry in India. Total returns to shareholders of 64% over the past three years. Recent Insider Transactions • Feb 27
MD & Director recently bought ₹238k worth of stock On the 24th of February, Sanjay Rathi bought around 24k shares on-market at roughly ₹9.92 per share. This was the largest purchase by an insider in the last 3 months. This was Sanjay's only on-market trade for the last 12 months. Announcement • Sep 19
Laxmi Cotspin Limited Announces Change in Company Secretary/Compliance Officer Laxmi Cotspin Limited at its meeting of the Board of Director held on August 14, 2020, approved the resignation of Mr. Nilesh Ganapatlal Baberwal from post of company Secretary & Compliance Officer with effect from close of working hours of 25 August. 2020 and the appointment of Mr. Pagariya Sagar Sandeep as company secretary and compliance officer.