Lakshmi Electrical Control Systems (BSE 504258)₹825.10+1.61%Other Electrical Equipment
In the Mar 2026 quarter (standalone), Lakshmi Electrical Control Systems reported sales of ₹68.43 Cr, up 17.8% from Mar 2025, and net profit of ₹1.18 Cr, down 56.1% year on year. For the year to Mar 2026, sales were ₹238 Cr and net profit ₹0.99 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 92.74 | 102 | 81.18 | 61.96 | 51.37 | 53.38 | 49.38 | 58.09 | 52.34 | 58.33 | 58.37 | 68.43 |
| Expenses | 87.17 | 97.25 | 79.08 | 59.58 | 50.41 | 53.48 | 49.34 | 54.97 | 52.09 | 58.04 | 59.71 | 67.30 |
| Operating Profit | 5.86 | 5.05 | 2.39 | 2.53 | 1.20 | 0.11 | 0.19 | 3.28 | 0.42 | 0.45 | −1.14 | 1.37 |
| OPM % | 6.4% | 5.0% | 3.0% | 4.1% | 2.4% | 0.2% | 0.4% | 5.7% | 0.8% | 0.8% | −2.0% | 2.0% |
| Other Income | 2.48 | 1.83 | 1.08 | 1.25 | 0.66 | 1.98 | 0.98 | 1.44 | 1.19 | 1.20 | 1.18 | 1.25 |
| Interest | 0.15 | 0.10 | 0.15 | 0.09 | 0.13 | 0.13 | 0.13 | 0.10 | 0.12 | 0.20 | 0.26 | 0.23 |
| Depreciation | 0.72 | 0.78 | 0.81 | 0.86 | 0.91 | 0.93 | 0.93 | 0.93 | 0.94 | 0.94 | 0.94 | 0.91 |
| Profit before tax | 7.49 | 6.02 | 2.52 | 2.84 | 0.83 | 1.04 | 0.12 | 3.70 | 0.56 | 0.52 | −1.15 | 1.49 |
| Tax % | 26.3% | 26.6% | 24.2% | 27.4% | 2.4% | 118.2% | 0.0% | 27.3% | −1.7% | 7.6% | −8.6% | 20.8% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 5.51 | 4.42 | 1.91 | 2.07 | 0.82 | −0.18 | 0.12 | 2.69 | 0.56 | 0.47 | −1.04 | 1.18 |
| EPS (Rs) | 22.51 | 18.03 | 7.82 | 8.47 | 3.39 | −0.78 | 0.54 | 10.99 | 2.33 | 1.94 | −4.28 | 4.85 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 187 | 160 | 188 | 191 | 113 | 132 | 256 | 361 | 338 | 212 | 238 | 237 |
| Expenses | 174 | 149 | 173 | 180 | 113 | 128 | 237 | 335 | 323 | 208 | 237 | 237 |
| Operating Profit | 12.95 | 11.96 | 15.94 | 10.95 | 0.00 | 3.99 | 19.92 | 26.89 | 15.95 | 4.98 | 0.99 | 1.10 |
| OPM % | 7.0% | 7.0% | 8.0% | 6.0% | −0.1% | 3.0% | 8.0% | 8.0% | 4.7% | 2.3% | 0.5% | 0.5% |
| Other Income | 1.99 | 2.99 | 2.99 | 3.99 | 2.99 | 0.99 | 2.99 | 2.99 | 6.99 | 4.99 | 4.98 | 4.82 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 | 0.99 | 0.99 | 0.81 |
| Depreciation | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 3.01 | 4.01 | 4.01 | 3.73 |
| Profit before tax | 12.98 | 12.98 | 16.97 | 12.97 | 0.99 | 2.99 | 20.99 | 26.96 | 18.97 | 5.99 | 0.99 | 1.42 |
| Tax % | 34.1% | 31.1% | 29.1% | 22.1% | 53.1% | −16.9% | 25.1% | 27.1% | 26.1% | 40.1% | 17.1% | — |
| Exceptional items | 0.00 | −0.99 | 0.00 | 0.00 | 0.00 | −1.99 | 0.00 | 0.00 | 0.99 | 0.00 | 0.00 | 0.00 |
| Net Profit | 8.97 | 8.97 | 11.97 | 9.96 | 0.00 | 2.99 | 14.95 | 19.94 | 13.96 | 2.99 | 0.99 | 1.17 |
| EPS (Rs) | 35.00 | 35.82 | 47.77 | 41.58 | 1.76 | 12.46 | 63.06 | 81.06 | 56.80 | 14.13 | 4.85 | 4.84 |
| Dividend payout % | 23.0% | 22.0% | 21.1% | 22.0% | 29.0% | 28.1% | 24.0% | 27.0% | 26.0% | 28.0% | 62.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 |
| Reserves | 81.82 | 88.83 | 135 | 167 | 168 | 132 | 174 | 211 | 230 | 278 | 282 | 252 |
| Borrowings | 1.01 | 3.01 | 22.06 | 5.01 | 5.02 | 0.00 | 11.02 | 6.02 | 8.03 | 7.02 | 10.03 | 14.03 |
| Other Liabilities | 37.95 | 26.90 | 26.96 | 31.84 | 23.89 | 23.02 | 38.83 | 56.82 | 69.71 | 49.24 | 57.06 | 77.67 |
| Total Liabilities | 124 | 121 | 186 | 207 | 200 | 158 | 225 | 277 | 309 | 336 | 352 | 347 |
| Fixed Assets | 22.94 | 25.95 | 24.94 | 25.95 | 25.92 | 34.94 | 32.92 | 32.92 | 37.90 | 43.89 | 50.88 | 47.86 |
| CWIP | 3.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 | 3.01 | 0.00 | 3.01 |
| Investments | 10.97 | 0.99 | 58.82 | 103 | 99.71 | 69.83 | 103 | 126 | 130 | 177 | 185 | 147 |
| Other Assets | 87.85 | 92.79 | 102 | 76.82 | 74.94 | 52.87 | 88.88 | 116 | 141 | 113 | 116 | 148 |
| Inventories | 21.01 | 16.02 | 14.01 | 17.02 | 20.01 | 20.02 | 30.01 | 30.02 | 32.02 | 29.99 | 31.04 | 42.03 |
| Trade receivables | 32.87 | 35.89 | 38.87 | 49.87 | 40.86 | 30.88 | 44.83 | 66.74 | 88.65 | 59.79 | 57.85 | 71.81 |
| Cash & equivalents | 23.06 | 33.06 | 33.05 | 8.02 | 11.03 | 0.00 | 10.03 | 12.03 | 5.01 | 11.02 | 11.02 | 16.04 |
| Total Assets | 124 | 121 | 186 | 207 | 200 | 158 | 225 | 277 | 309 | 336 | 352 | 347 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −8.97 | 1.99 | 0.99 | 14.95 | 6.98 | 7.98 | −9.97 | 6.98 | 10.97 | 15.94 | 4.99 | 3.99 |
| Cash from investing activity | −7.97 | 8.97 | −17.92 | 3.98 | −3.98 | −0.99 | −0.99 | −0.99 | −7.97 | −8.97 | −4.98 | −5.98 |
| Cash from financing activity | −4.01 | −1.01 | 17.05 | −19.07 | −3.01 | −8.03 | 10.03 | −6.01 | −3.01 | −7.02 | −1.01 | 2.01 |
| Net cash flow | −22.05 | 10.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capex | 12.47 | 3.46 | 0.63 | 3.08 | 1.61 | 11.09 | 0.78 | 3.87 | 17.35 | 8.90 | 8.46 | 5.24 |
| Free cash flow | −22.05 | −1.01 | 1.01 | 12.03 | 5.02 | −3.01 | −10.02 | 3.01 | −6.02 | 9.02 | −3.01 | −2.01 |
| CFO / OP % | −66.0% | 42.1% | 41.0% | 125.0% | 95.1% | −6,143.0% | −228.9% | 52.1% | 67.1% | 126.1% | 148.1% | 414.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 66 | 70 | 88 | 97 | 78 | 99 | 124 | 95 | 90 | 65 | 100 | 111 |
| Inventory days | 52 | 39 | 42 | 43 | 50 | 82 | 109 | 55 | 41 | 42 | 71 | 86 |
| Days payable | 75 | 46 | 59 | 57 | 42 | 70 | 108 | 74 | 67 | 35 | 68 | 120 |
| Cash conversion cycle | 42 | 62 | 71 | 82 | 85 | 110 | 124 | 75 | 62 | 70 | 103 | 76 |
| Working capital days | 55 | 64 | 51 | 67 | 69 | 103 | 90 | 63 | 55 | 56 | 79 | 64 |
| ROCE % | 15.0% | 15.0% | 11.0% | 10.0% | 6.9% | 1.0% | 3.0% | 9.9% | 12.0% | 7.0% | 2.0% | 1.0% |
For the Mar 2026 quarter, Lakshmi Electrical Control Systems reported sales of ₹68.43 Cr, up 17.8% year on year and net profit of ₹1.18 Cr, down 56.1% year on year. The operating margin was 2.0%.
Lakshmi Electrical Control Systems' sales for the year to Mar 2026 were ₹238 Cr; over the last twelve months they were ₹237 Cr.
Net profit for the year to Mar 2026 was ₹0.99 Cr, and ₹1.17 Cr over the last twelve months. Earnings per share over the same trailing period were ₹4.84.
Lakshmi Electrical Control Systems reported borrowings of ₹14.03 Cr at Mar 2026, against cash and equivalents of ₹16.04 Cr.
Cash from operations was ₹3.99 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹2.01 Cr.