LAXMIPATI ENGINEERING WORKS LIMITED

Financial Performance Highlights (FY 2025-26 vs FY 2024-25)

  • Revenue from Operations: ₹71.99 Cr (↑43.72% from ₹50.09 Cr)
  • Other Income: ₹0.39 Cr (₹0.05 Cr)
  • Total Income: ₹72.38 Cr (₹50.14 Cr)
  • Profit Before Depreciation & Tax: ₹32.79 Cr (includes exceptional item of ₹23.68 Cr) (₹4.67 Cr)
  • Exceptional Items: Profit on sale of assets ₹23.68 Cr (Nil)
  • Tax Expense:
  • Current Tax: ₹3.58 Cr (Nil)
  • Deferred Tax: ₹2.17 Cr (credit of ₹1.83 Cr)
  • Net Profit: ₹27.04 Cr (↑315.99% from ₹6.50 Cr)
  • EPS (Basic & Diluted): ₹47.00 (₹11.30)

Capital Structure

  • Authorized Share Capital: ₹6.00 Cr (60,00,000 equity shares of ₹10 each)
  • Issued, Subscribed & Paid-up Capital: ₹5.75 Cr (57,52,000 equity shares of ₹10 each) - unchanged during year
  • Promoter Holding: 73.45% (42,25,000 shares)

Borrowings and Debt Position

  • Long-term Borrowings: ₹7.67 Cr (↓80.63% from ₹39.59 Cr)
  • Short-term Borrowings: ₹8.97 Cr (↑62.33% from ₹5.52 Cr)
  • Company seeking shareholder approval to enhance borrowing limit under Section 180(1)(c) from ₹100 Cr to ₹200 Cr over and above paid-up capital and free reserves

Operational Highlights

  • Completed 37+ projects during FY 2025-26
  • Revenue Contribution by Sector:
  • Steel sector: 53%
  • Defence & precision engineering: 37%
  • Other allied sectors: 11%
  • Major Clients: AM/NS, JSW Steel, L&T Precision Engineering, Nuberg Engineering, Adani Hazira, BPCL, Indian Oil, Ensavior Technologies
  • Workshop Capacity: 45,000 sq. meters at Palsana, NH-48, employing 400+ people
  • Certifications: ISO 9001:2015, ISO 45001:2018, ASME certification, Indian Boiler Regulation

15th Annual General Meeting Details

  • Date: July 17, 2026
  • Time: 11:00 AM
  • Venue: Through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Business to be transacted:

1. Adoption of audited financial statements for FY 2025-26

2. Reappointment of Mr. Rakesh Govindprasad Sarawagi (DIN: 00005665) as Director retiring by rotation

3. Special Business: Approval for enhancement of borrowing limits to ₹200 Cr

Corporate Governance & Board Changes

  • Board Composition: 3 Executive Directors, 3 Independent Directors
  • Changes during FY 2025-26:
  • Mrs. Pratibha Pankaj Gulgulia ceased as Independent Director due to completion of tenure w.e.f July 23, 2025
  • Ms. Darshana Hareshbhai Gorasiya resigned as Company Secretary w.e.f January 10, 2026
  • Ms. Payu Bhardwaj appointed as Company Secretary and Compliance Officer w.e.f January 11, 2026
  • Mr. Amitkumar Vijaykumarji Khemani appointed as Additional Independent Director w.e.f June 20, 2025
  • Board Meetings: 10 meetings held during FY 2025-26
  • Committee Meetings:
  • Audit Committee: 6 meetings
  • Nomination and Remuneration Committee: 2 meetings
  • Stakeholders Relationship Committee: 1 meeting

Dividend and Reserves

  • Dividend: No dividend recommended for FY 2025-26 to conserve resources for future growth
  • Reserves: Decision taken not to transfer any amount to reserves

Key Ratios and Financial Position

  • Current Ratio: 1.78 (2.32)
  • Debt Equity Ratio: 0.47 (5.26)
  • Inventory Turnover Ratio: 4.64 (4.40)
  • Return on Equity: 122.39% (122.10%)
  • Net Profit Margin: 37.55% (12.97%)

Related Party Transactions

Transactions with related parties amounting to ₹666.95 Cr primarily include loans taken from entities where directors have interest. All transactions reported to be at arm's length and in ordinary course of business.

Compliance Status

  • No material orders passed by regulators/courts impacting going concern status
  • No fraud reported by auditors under Section 143(12) of Companies Act, 2013
  • No sexual harassment complaints received during the year
  • MSME dues: ₹2.74 Cr outstanding as of March 31, 2026

Forward Outlook

Company plans to focus on:

  • Manufacturing reformer-related assemblies for steel plants
  • Expanding into defence projects with critical machining
  • Increasing export orders
  • Capacity expansion through 3 new workshops (6,000 sq. meters)
  • Investments in automation and R&D facilities