Lakshmi Electrical Control Systems Ltd (LAKSELEC)

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Lakshmi Electrical Control Systems Ltd (LAKSELEC) · mywealthgrid

About

Lakshmi Electrical Control Systems Ltd (LAKSELEC) operates in electrical equipment within the Industrials sector, with a market cap of ₹212 Cr. Recent quarterly revenues range from ₹10–₹57 Cr. The company returned to profitability in FY2021 after losses in 2019–2020, though operating margins remain thin at 2.27%.

Face value: ₹10

Market cap

₹191 Cr

P/E

62.5×

P/B

0.7×

Dividend yield

0.9%

ROE

0.4%

ROCE

0.8%

Debt / equity

0.06

OPM

0.5%

EPS (TTM)

₹12.4

Book value

₹1,037.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margins extremely thin (2.27% current; historically 1–7% range with losses in 2019–2020), offering little buffer for cost pressures
Valuation stretched (PE 69.29) relative to profitability and returns (ROE 1.22%)
Quarterly revenue volatility (₹9.9–₹56.76 Cr across recent periods) suggests cyclical or execution risk; verify order visibility
Verify cost structure, customer concentration, and competitive intensity in electrical equipment market

Generated analysis · source review pending

Growth drivers

Low debt (D/E 0.06) provides balance-sheet capacity for growth financing
Recovery to profitability in Mar 2021 (₹3.59 Cr profit, 7.03% OPM) from prior losses; verify if trend sustained
Regular dividend payments despite thin margins (2.27% OPM) suggest cash generation; verify sustainability given quarterly volatility
Market cap ₹212 Cr in electrical equipment sector; verify exposure to infrastructure or industrialization spending cycles

Generated analysis · source review pending

2,176 historical price candles were omitted because the exchange source has not been verified.

₹765.6+0.6%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0.1)
+Dividend payout of 57.2% of profit

Cons

−Low return on equity of 2.4% (3-yr avg)
−Thin operating margin of 0.5%
−Profit declined 17.2% a year over the last 5 years
−Expensive at 62.5× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

27/100

Business quality: 22
Growth: 33
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	187	161	194	191	113	132	256	361	338	212	238
COGS	-149	-126	-147	-150	88	102	203	290	273	162	179
Gross profit	—	—	—	—	25	30	54	71	65	50	59
	323	275	326	330	25	26	33	44	49	45	58
	13	12	16	11	-0	4	20	27	16	5	1
OPM %	7.1%	7.4%	8%	5.7%	-0.1%	3%	7.9%	7.5%	4.7%	2.3%	0.5%
Depreciation	2	2	2	2	2	2	2	2	3	4	4
Interest	0	—	—	—	0	0	0	1	1	1	1
	2	4	3	4	3	1	3	3	7	5	5
Profit before tax	13	13	17	13	1	3	21	27	19	6	1
Tax	5	4	5	3	0	-0	5	7	5	2	0
Tax %	34.5%	30.4%	29.1%	21.8%	53.3%	-17.2%	25%	26.7%	26.2%	39.7%	17.5%
	9	9	12	10	0	3	15	20	14	3	1
PAT margin %	4.6%	5.5%	6%	5.4%	0.4%	2.3%	6.1%	5.5%	4.1%	1.6%	0.5%
EPS (₹)	35	35.9	47.8	41.5	1.7	12.4	63	81.1	56.8	14.1	4.8
EPS adjusted (₹)	—	35.9	47.7	41.5	1.8	12.4	63	81	56.8	14.1	4.8
	22.9%	22.3%	20.9%	21.7%	28.7%	28.1%	23.8%	27.1%	26.4%	28.3%	62.1%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	2	2	2	2	2	2	2	2	2	2
Reserves	121	167	—	132	174	211	230	279	283	253
	3	5	—	0	11	6	8	7	10	14
	24	32	22	23	39	57	70	49	57	78
Total equity & liabilities	150	207	25	158	226	277	310	337	353	348
	25	25	25	34	32	32	37	31	38	36
CWIP	0	0	—	0	0	0	1	3	0	3
Investments	30	103	—	71	104	127	131	190	198	161
	94	78	0	53	89	117	141	113	116	148
Total assets	150	207	25	158	226	277	310	337	353	348

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	21.9%	22.7%	20.9%	19.6%	19.3%	23.7%	24.7%
EBITDA margin %	5.7%	-0.1%	3%	7.9%	7.5%	4.7%	2.3%	0.5%
EBIT margin %	4.6%	-2.1%	1.3%	7.1%	6.8%	3.8%	0.6%	-1.1%
PAT margin %	5.4%	0.4%	2.3%	6.1%	5.5%	4.1%	1.6%	0.5%
Working capital
Receivable days	—	99	124	95	90	65	100	111
Inventory days	—	81	108	54	40	41	70	85
Payable days	—	70	108	74	67	35	68	120
NWC days	—	110	124	75	62	70	103	76
Leverage
Current ratio	—	2.62	1.93	2	1.84	2.51	2.17	1.74
Debt to EBITDA	—	—	2.71	0.3	0.28	0.42	2.11	13.12
Debt to equity	—	0	0.06	0.03	0.03	0.02	0.04	0.06
Interest coverage	—	31.7	58.6	49	51.4	37	12.7	2.7
Asset turnover	7.72	0.72	0.59	0.93	1.16	1	0.6	0.68
Return ratios
Return on assets %	41.3%	0.3%	1.4%	5.6%	6.4%	4.1%	1%	0.3%
Return on capital employed %	—	0.7%	3.3%	10.5%	12%	7.3%	2.2%	0.8%
Return on equity %	—	0.3%	1.7%	7.3%	8.6%	5%	1.2%	0.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	36.13%	36.13%	36.13%	36.13%	36.13%	36.13%	36.13%	36.13%	36.13%	36.13%	36.13%	36.13%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	63.87%	63.87%	63.87%	63.87%	63.87%	63.87%	63.87%	63.87%	63.87%	63.87%	63.87%	63.87%
No. of shareholders	—	—	—	—	—	—	—	—	9,432	9,262	9,026	8,916

Promoter holding up 0 percentage points since Sep 2023.

1 deal · 6 Sept 2021 – 6 Sept 2021

Date	Client	Type	Venue	Side	Quantity	Price	Value
6 Sept 2021	DIPAK KANAYALAL SHAH	Bulk	BSE	Sell	12,627	₹400.87	₹0.51 Cr

1–1 of 1

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mrs. Nethra.J.S.KumarExecutive Director-Chairperson-MD
A ThiagarajanChief Financial Officer
Mr. D. SenthilkumarNon-Executive - Non Independent Director
Mr. Vedhanth SenthilkumarNon-Executive - Non Independent Director
Mr. N.R.SelvarajNon-Executive - Independent Director
Mr. Arjun BaluNon-Executive - Independent Director
Mr. C. KamatchisundaramNon-Executive - Independent Director
Mr. Sudesh Koti ReddyNon-Executive - Independent Director
S SathyanarayananCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Lakshmi Electrical Control Systems Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

20

Final dividend24 Jul 2026 · ex-date₹3
Final dividend18 Aug 2025 · ex-date₹4
Final dividend2 Aug 2024 · ex-date₹15
Final dividend17 Jul 2023 · ex-date₹22
Final dividend27 Jul 2022 · ex-date₹15
Dividend dividend29 Jul 2021 · ex-date₹3.5
Dividend dividend6 Aug 2020 · ex-date₹0.5
Dividend dividend30 Jul 2019 · ex-date₹9
Dividend dividend31 Jul 2018 · ex-date₹10
Dividend dividend25 Jul 2017 · ex-date₹8
Dividend dividend29 Jul 2016 · ex-date₹8
Dividend dividend5 Aug 2015 · ex-date₹7
Dividend dividend30 Jul 2014 · ex-date₹5
Dividend dividend30 Jul 2013 · ex-date₹2
Dividend dividend8 Aug 2012 · ex-date₹5
Dividend dividend27 Jul 2011 · ex-date₹4.5
Dividend dividend14 Jul 2010 · ex-date₹3
Dividend dividend14 Jul 2009 · ex-date₹2.5
Dividend dividend10 Jul 2008 · ex-date₹6
Dividend dividend16 Jul 2007 · ex-date₹5

1

Board meeting to consider results10 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

46 announcementsExport CSV

31 Jul 2026, 5:48 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	21.9%	22.7%	20.9%	19.6%	19.3%	23.7%	24.7%
EBITDA margin %	5.7%	-0.1%	3%	7.9%	7.5%	4.7%	2.3%	0.5%
EBIT margin %	4.6%	-2.1%	1.3%	7.1%	6.8%	3.8%	0.6%	-1.1%
PAT margin %	5.4%	0.4%	2.3%	6.1%	5.5%	4.1%	1.6%	0.5%
Working capital
Receivable days	—	99	124	95	90	65	100	111
Inventory days	—	81	108	54	40	41	70	85
Payable days	—	70	108	74	67	35	68	120
NWC days	—	110	124	75	62	70	103	76
Leverage
Current ratio	—	2.62	1.93	2	1.84	2.51	2.17	1.74
Debt to EBITDA	—	—	2.71	0.3	0.28	0.42	2.11	13.12
Debt to equity	—	0	0.06	0.03	0.03	0.02	0.04	0.06
Interest coverage	—	31.7	58.6	49	51.4	37	12.7	2.7
Asset turnover	7.72	0.72	0.59	0.93	1.16	1	0.6	0.68
Return ratios
Return on assets %	41.3%	0.3%	1.4%	5.6%	6.4%	4.1%	1%	0.3%
Return on capital employed %	—	0.7%	3.3%	10.5%	12%	7.3%	2.2%	0.8%
Return on equity %	—	0.3%	1.7%	7.3%	8.6%	5%	1.2%	0.5%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Apar Industries LimitedAPARINDSAPARINDS	₹70,945 Cr	₹71,785 Cr	₹24,389 Cr	₹2,159 Cr	8.2%	₹1,182 Cr	4.3%	32.6%	19.7%	30
Waaree Energies LimitedWAAREEENERWAAREEENER	₹67,322 Cr	₹69,813 Cr	₹30,043 Cr	₹6,351 Cr	22.3%	₹2,763 Cr	14.6%	39.7%	30.9%	95
Premier Energies LimitedPREMIERENEPREMIERENE	₹39,863 Cr	₹43,480 Cr	₹8,466 Cr	₹2,543 Cr	30.4%	₹1,665 Cr	19.3%	36.3%	42.4%	115
Mtar Technologies LimitedMTARTECHMTARTECH	₹24,015 Cr	₹24,384 Cr	₹1,080 Cr	₹228 Cr	19.5%	₹133 Cr	10.7%	17.2%	12.1%	419
Emmvee Photovoltaic Power LimitedEMMVEEEMMVEE	₹21,177 Cr	₹21,355 Cr	₹5,578 Cr	₹1,932 Cr	34.3%	₹1,274 Cr	21.4%	43.6%	51.1%	159
Diamond Power Infrastructure LimitedDIACABSDIACABS	₹18,182 Cr	₹20,711 Cr	₹2,298 Cr	₹270 Cr	11.7%	₹197 Cr	8.3%	12.4%	—	93
Avalon Technologies LimitedAVALONAVALON	₹15,232 Cr	₹15,415 Cr	₹1,764 Cr	₹201 Cr	10.8%	₹134 Cr	7.1%	23.4%	16.9%	160
Fujiyama Power Systems LimitedUTLSOLARUTLSOLAR	₹12,327 Cr	₹12,788 Cr	₹3,403 Cr	₹639 Cr	18.5%	₹294 Cr	11.5%	29.6%	23.9%	123
Genus Power Infrastructures LimitedGENUSPOWERGENUSPOWER	₹8,518 Cr	₹10,817 Cr	₹5,173 Cr	₹973 Cr	19.2%	₹652 Cr	12.5%	31%	29%	188
Waaree Renewable Technologies LimitedWAAREERTLWAAREERTL	₹8,436 Cr	₹8,517 Cr	₹3,652 Cr	₹697 Cr	19.2%	₹511 Cr	14.4%	84.1%	68.9%	37
Ram Ratna Wires LimitedRAMRATRAMRAT	₹5,752 Cr	₹6,407 Cr	₹6,047 Cr	₹310 Cr	5.1%	₹127 Cr	2.1%	30.4%	20.1%	33
Vikram Solar LimitedVIKRAMSOLRVIKRAMSOLR	₹5,594 Cr	₹5,694 Cr	₹5,232 Cr	₹800 Cr	19.1%	₹357 Cr	9.8%	31.4%	21.3%	11

Date	Category	Subject	Filing
31 Jul 2026, 5:48 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
31 Jul 2026, 5:43 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
23 Jul 2026, 10:57 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
23 Jul 2026, 10:53 am	Board Meeting	Board Meeting Intimation for Considering And Approving Unaudited Financial Results For The Quarter Ended 30Th June 2026	PDF
8 Jul 2026, 3:29 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
8 Jul 2026, 11:32 am	Company Update General	Consortium Arrangement	PDF
8 Jul 2026, 11:28 am	Company Update Acquisition	Announcement under Regulation 30 (LODR)-Acquisition	PDF
3 Jul 2026, 4:00 pm	Company Update Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2	1	15	7	8	-10	7	11	16	5	-1
	-19	-18	4	-4	-1	-1	-1	-8	-9	-5	-1
	17	17	-19	-3	-8	10	-6	-3	-7	-1	2
Net cash flow	0	0	-0	0	0	-0	0	0	-0	0	0
Free cash flow	1	—	—	—	-3	-10	4	4	7	-3	-7
CFO / Operating profit %	14.5%	11.5%	97.3%	61.8%	—	-241.2%	33.2%	40.8%	98.2%	112%	-132.7%

Lakshmi Electrical Control Systems Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

20

1

Announcements

20

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Lakshmi Electrical Control Systems Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends20

Board meetings1

Announcements

Dividends20

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

20

1

20

1