Lakshmi Finance & Industrial Corporation Limited, a non-banking finance company, invests in equity shares and mutual funds in India.
Fair value second-rate dividend payer.
Share Price & News
How has Lakshmi Finance & Industrial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LFIC has not had significant price volatility in the past 3 months.
7 Day Return
IN Capital Markets
1 Year Return
IN Capital Markets
Return vs Industry: LFIC underperformed the Indian Capital Markets industry which returned 10.6% over the past year.
Return vs Market: LFIC underperformed the Indian Market which returned 6.4% over the past year.
Price Volatility Vs. Market
How volatile is Lakshmi Finance & Industrial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
23 hours ago | Simply Wall StInvestors Who Bought Lakshmi Finance & Industrial (NSE:LFIC) Shares Five Years Ago Are Now Up 131%
3 weeks ago | Simply Wall StShould You Worry About Lakshmi Finance & Industrial Corporation Limited's (NSE:LFIC) CEO Salary Level?
1 month ago | Simply Wall StIs Lakshmi Finance & Industrial Corporation Limited's (NSE:LFIC) 4.7% Dividend Worth Your Time?
Is Lakshmi Finance & Industrial 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: LFIC (₹51.35) is trading above our estimate of fair value (₹21.42)
Significantly Below Fair Value: LFIC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LFIC is good value based on its PE Ratio (7.2x) compared to the Capital Markets industry average (11.2x).
PE vs Market: LFIC is good value based on its PE Ratio (7.2x) compared to the Indian market (13x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate LFIC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LFIC is good value based on its PB Ratio (0.4x) compared to the IN Capital Markets industry average (0.5x).
How is Lakshmi Finance & Industrial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials 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 Lakshmi Finance & Industrial 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 Lakshmi Finance & Industrial 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.
- Lakshmi Finance & Industrial competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Diversified Financials industry.
How has Lakshmi Finance & Industrial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LFIC has high quality earnings.
Growing Profit Margin: LFIC's current net profit margins (62.8%) are lower than last year (63.5%).
Past Earnings Growth Analysis
Earnings Trend: LFIC's earnings have declined by -17.3% per year over the past 5 years.
Accelerating Growth: LFIC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LFIC had negative earnings growth (-8.4%) over the past year, making it difficult to compare to the Capital Markets industry average (-5.6%).
Return on Equity
High ROE: LFIC's Return on Equity (5.6%) is considered low.
Return on Assets
Return on Capital Employed
How is Lakshmi Finance & Industrial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: LFIC has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if LFIC's debt is covered by short term assets.
Financial Institutions Analysis
Asset Level: LFIC's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if LFIC has a sufficient allowance for bad loans.
Low Risk Liabilities: LFIC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if LFIC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: LFIC has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if LFIC has an appropriate level of bad loans.
What is Lakshmi Finance & Industrial's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: LFIC's dividend (4.87%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: LFIC's dividend (4.87%) is in the top 25% of dividend payers in the Indian market (2.63%)
Stability and Growth of Payments
Stable Dividend: LFIC has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: LFIC has only been paying a dividend for 8 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.1%), LFIC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Kanuri Prasad (67yo)
Mr. Kanuri Harishchandra Prasad, MBA, MS serves as Managing Director of Lakshmi Finance & Industrial Corporation Ltd. and serves as its Compliance Officer since August 09, 2019. Mr. Prasad has years of bus ...
CEO Compensation Analysis
Compensation vs Market: Kanuri's total compensation ($USD107.36K) is above average for companies of similar size in the Indian market ($USD49.94K).
Compensation vs Earnings: Kanuri's compensation has been consistent with company performance over the past year.
|MD, Compliance Officer & Executive Director||0yrs||₹7.71m||3% ₹4.9m|
|Independent Non Executive Director||51.3yrs||₹43.00k||0.20% ₹332.8k|
|Independent Non Executive Director||40.8yrs||₹20.00k||0.025% ₹40.1k|
|Independent Non-Executive Director||4.8yrs||₹33.00k||no data|
|Independent Non-Executive Director||6yrs||₹43.00k||0.11% ₹178.9k|
|Non-Executive Director||6yrs||₹40.00k||2.7% ₹4.4m|
Experienced Board: LFIC's board of directors are seasoned and experienced ( 20.4 years average tenure).
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 not been meaningfully diluted in the past year.
Lakshmi Finance & Industrial Corporation Limited's company bio, employee growth, exchange listings and data sources
- Name: Lakshmi Finance & Industrial Corporation Limited
- Ticker: LFIC
- Exchange: NSEI
- Founded: 1923
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: ₹162.600m
- Shares outstanding: 3.00m
- Website: https://www.lakshmifinance.org
Number of Employees
- Lakshmi Finance & Industrial Corporation Limited
- Suryodaya 1-10-60/3
- 1st Floor
- Andhra Pradesh
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LFIC||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Jun 2010|
Lakshmi Finance & Industrial Corporation Limited, a non-banking finance company, invests in equity shares and mutual funds in India. The company was formerly known as The Andhra Bank Ltd. and changed its name to Lakshmi Finance & Industrial Corporation Limited in April 1980. Lakshmi Finance & Industrial Corporation Limited was incorporated in 1923 and is based in Hyderabad, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 13:09|
|End of Day Share Price||2020/02/26 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.