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Laxmi Organic Industries Limited (LXCHEM) Fair Value & Analysis

Basic Materials · IN · Market cap ₹48.6B (≈ $515M) · ISIN INE576O01020

What is Laxmi Organic Industries Limited really worth?

LO Laxmi Organic Industries Limited LXCHEM · BSE
Price₹172.05
Fair Value₹48.55
Upside−71.8%
Quality39/100

Below-average quality, and trading another 254% above our fair value of ₹48.55.

As of Aug 21, 2026, the fair value of Laxmi Organic Industries Limited is ₹48.55 per share against a price of ₹172.05, so the fair value sits 72% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Expensive Growth (revenue 5y +9.5 %/yr)
!Thin margins · 4.0% net margin
!Low debt · negative free cash flow
!Narrow moat 35/100
Evidence: High Range ₹36.41 – ₹60.68

Fair value as of: Aug 21, 2026

From 13 valuation models · updated 16 days ago

Share price −5.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (₹60.68). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

₹591.63 ₹107.77 Fair Value ₹48.55 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range ₹107.77 – ₹591.63 · fair‑value band ₹36.41 – ₹60.68 · the ₹172.05 price screens above the ₹48.55 fair value. Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

Laxmi Organic Industries Limited (LXCHEM) currently trades at ₹172.05, while our model-based Fair Value estimate is ₹48.55, implying the stock looks roughly 254.4% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Basic Materials sector. Bull case: the Multiples group reads highest at a median of ₹48.55 per share, and 0 of the 13 models we run sit above the ₹172.05 price. Bear case: the Economic Profit group reads lowest at ₹6.61, and 13 of the 13 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Laxmi Organic Industries Limited generated revenue of ₹31.2B at a net margin of 4.0%. Revenue grew 39.7% year over year. It earns a return on equity of 4.1%. Net debt stands at ₹4.8B. Fundamentals as of Aug 21, 2026

Our scenario range runs from ₹36.41 (bear case) to ₹60.68 (bull case); at ₹172.05, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 28% below its 52-week high and 60% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −58% fair-value upside, at −72%, LXCHEM screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹1.98 per share, which is 3.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income best evidence ₹53.24 ₹52.71 ₹47.45 76
EPV ₹3.44 ₹6.61 ₹9.39 71
ROIC Compounder ₹3.44 ₹6.61 ₹9.39 70
All 13 models by family
Earnings-Based
Graham-Dodd ₹19.42 ₹45.90 ₹59.12 65
PEG = 1.0 ₹7.94 ₹11.34 ₹14.74 57
EPV ₹3.44 ₹6.61 ₹9.39 71
Multiples
P/E Multiple ₹36.41 ₹48.55 ₹60.68 63
P/S Multiple ₹36.41 ₹48.55 ₹60.68 58
P/B Multiple ₹36.41 ₹48.55 ₹60.68 55
EV/EBIT ₹26.37 ₹40.35 ₹54.33 65
EV/EBITDA ₹35.06 ₹51.94 ₹68.82 66
EV/Revenue ₹20.77 ₹36.35 ₹51.93 52
Asset-Based
NCAV (Graham) ₹35.72 ₹47.87 ₹71.45 54
Economic Profit
Residual Income best evidence ₹53.24 ₹52.71 ₹47.45 76
ROIC Compounder ₹3.44 ₹6.61 ₹9.39 70
Growth Earnings
Growth-Adj P/E ₹28.06 ₹40.08 ₹52.11 67

Widest divergence: Multiples (₹48.55) versus Economic Profit (₹6.61). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 37.8
P/S ratio 1.08 P/E × margin
EPS (TTM) ₹4.55 price ÷ EPS = P/E 37.8
Dividend yield 0.3% payout 10.8%
Net margin 2.9% FY2026
Return on equity 4.1% TTM
More key figures
Profitability
Return on assets (EBIT) 7.3% avg 5y
Operating margin 9.6% TTM
Growth
Revenue (TTM) ₹31.2B TTM
Revenue growth (YoY) +39.7% 3y avg −0.2%
EPS growth (YoY) +221%
Balance sheet & cash flow
Free cash flow −₹4.3B FY2026
Net debt ₹4.8B FY2026

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 42 · Market factors (momentum, volatility) 54

Profitability 36
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 26
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 31
Distance to the 52-week high (market factor)
Net Issuance 74
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Laxmi Organic Industries Limited provides acetyl and specialty intermediate products in India and internationally. The company's acetyl intermediates include ethyl acetate, acetaldehyde, fuel-grade ethanol, acetic anhydride, and other proprietary solvents; and specialty intermediates comprise ketene and diketene derivatives, esters, amides, arylides, and …

Full company description

Laxmi Organic Industries Limited provides acetyl and specialty intermediate products in India and internationally. The company's acetyl intermediates include ethyl acetate, acetaldehyde, fuel-grade ethanol, acetic anhydride, and other proprietary solvents; and specialty intermediates comprise ketene and diketene derivatives, esters, amides, arylides, and fluorospeciality Intermediates. Its products are used in pharmaceuticals, agrochemicals, flexible packaging, auto coatings, printing inks, personal care, cosmetics, and other industrial applications. Laxmi Organic Industries Limited was incorporated in 1989 and is based in Mumbai, India. Laxmi Organic Industries Limited is a subsidiary of Yellow Stone Trust.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Laxmi Organic Industries Limited reported revenue of ₹27.7B in FY2026 versus ₹30.8B in FY2022, a compound −2.6%/yr. Reported net income was ₹794M in FY2026, compounding −25.4%/yr from FY2022.

Growth Quality 36/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹27.7B
Latest YoY
−6.9%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−0.2%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.5%
Avg. revenue growth/yr (6Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.4%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−9.6% · in INR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−9.9%
Dividend yield0.3%
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10.2% (2021) → 4.0% (2026) · falling
Worst earnings drop55% (2024) · in INR
Revenue −2.6%/yr
FY22 ₹30.8B
FY23 ₹27.9B
FY24 ₹28.4B
FY25 ₹29.8B
FY26 ₹27.7B
Net income −25.4%/yr
FY22 ₹2.6B
FY23 ₹1.2B
FY24 ₹1.2B
FY25 ₹1.1B
FY26 ₹794M

LXCHEM screens 254% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Laxmi Organic Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/LXCHEM.BSE

Peer Group

Specialty Chemicals · 695 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 39 · Bottom 25%
Fair Value upside −72% · Bottom 25%
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 10% · Above median
Revenue growth 40% · Top 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.25× · Higher than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 37.8× · Pricier than median
P/B 2.45× · Pricier than median
P/S (TTM) 1.56× · Pricier than median
EV/EBITDA 20.7× · Pricier than 75% of peers

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).

Stock Price Fair Value vs Fair Value
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Air Products and Chemicals, Inc APD $308.09 $122.14 −60%
Givaudan SA GIVN CHF 3,282 CHF 1,498 −54%
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500820 500820 ₹2,757 ₹557.43 −80%
Novozymes A/S NSISB kr 456.40 kr 169.99 −63%
Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 −74%
PPG Industries, Inc PPG $114.22 $71.31 −38%

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Frequently asked questions

Is Laxmi Organic Industries Limited (LXCHEM) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of ₹48.55 versus a price of ₹172.05, about −72% upside (overvalued).
What is the fair value of LXCHEM?
Our model-based fair value for Laxmi Organic Industries Limited is ₹48.55 (as of Aug 21, 2026), built from audited fundamentals. The current price: ₹172.05.
What is the quality score of LXCHEM?
Laxmi Organic Industries Limited has a Quality Score of 39/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Laxmi Organic Industries Limited (LXCHEM)?
Our model-based price target is the fair value of ₹48.55 (as of Aug 21, 2026) from 13 valuation models. Cautious scenario ₹36.41, optimistic scenario ₹60.68. It is a calculation from audited fundamentals, not an analyst target.
What is the Laxmi Organic Industries Limited stock forecast for 2026?
Our models put fair value at ₹48.55, about −72% upside versus a price of ₹172.05 (overvalued). Cautious scenario ₹36.41, optimistic scenario ₹60.68. The calculation is refreshed regularly with new filings.
What is the revenue of Laxmi Organic Industries Limited (LXCHEM)?
Laxmi Organic Industries Limited reported trailing-twelve-month revenue of about ₹31.2B (latest available figure, as of Aug 21, 2026).
What is the net profit margin of LXCHEM?
The net profit margin of Laxmi Organic Industries Limited is about 4.0%, meaning it keeps roughly 4.0% of revenue as net income. Based on the latest reported figures.
Does Laxmi Organic Industries Limited pay a dividend?
Laxmi Organic Industries Limited currently shows a dividend yield of about 0.28% relative to its recent price (as of Aug 21, 2026).
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