BSE: 531944
LEXORAA INDUSTRIES LIMITED
Operating in the industrial products space, this BSE-listed entity recorded FY26 revenue of Rs 1,576.48 lakhs, up roughly 4.7x from Rs 336.12 lakhs the prior year, with growth concentrated in the second half. The cost shape points to a trading-led model rather than heavy manufacturing: employee costs were 1.9% of FY26 revenue, other operating costs 0.8%, and depreciation was nil. In Q1 FY27, revenue jumped to Rs 1,113.47 lakhs from Rs 154.46 lakhs a year earlier, with stock-in-trade purchases of Rs 1,180.25 lakhs that quarter — consistent with buying and reselling goods rather than in-house production. On 1 April 2026, it acquired 100% of Hong Kong-based Any and Every Export Limited for Rs 10,000 cash; the target is engaged in general trading, export-import, international trade of goods, sourcing, distribution and cross-border merchant trading, and had nil turnover since its February 2025 incorporation. The board has approved a rights issue of up to Rs 69 crore at Rs 15 per share (Rs 10 face value plus Rs 5 premium), and shareholders have raised authorised share capital from Rs 20 crore to Rs 50 crore to support future issuance, while the FY26 balance sheet remains stressed with negative net worth of Rs 82.18 lakhs. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Trading of goods, Cross-border merchant trading. Very small, trading-led industrial products company with negative net worth and an asset-light cost structure.
Exhibit 1: Financial summary, – (all audited; no estimate years)
| ₹ crore · consolidated |
|---|
| Revenue |
| EBITDA (ex other income) |
| margin % |
| Owners' profit |
| EPS, as reported (₹) |
| ROE % · ROCE % |
| Debt / equity (x) |
| Cash from operations |
| Capex |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q1 FY27 |
|---|---|
| Revenue | 11 |
| Profit before tax | (0) |
| Net profit | (0) |
| EPS (₹) | (0.71) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ADITYA INFOTECH LIMITED | 46,904 | 97.4 | 24.99 | 80.9 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 30,105 | 81.2 | 9.82 | 52.4 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 26,932 | 49.1 | 6.04 | — | 11.8 | 15.5 | — | 18.2 |
| JYOTI CNC AUTOMATION LTD | 21,121 | 65.7 | 10.55 | 37.3 | 16.8 | 19.2 | — | 22.2 |
| KAYNES TECHNOLOGY IND LTD | 20,995 | 60.6 | 4.41 | 29.9 | 7.6 | 9.8 | — | 17.1 |
| LMW LIMITED | 17,483 | 100.1 | 6.10 | 56.6 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 13,085 | 459.6 | 3.84 | 39.1 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,360 | 48.5 | 7.34 | 50.4 | 11.7 | 11.5 | — | 15.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| EBITDA margin | (2.5) | 12.4 | 102 of 110 | 7% |
| Market cap | 6 | 273 | 140 of 141 | 1% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 10 Oct 2026 · Compliance certificate for Q2 FY27 under SEBI Regulation 74(5) | compliance | minimal | — | — |
| 2 Oct 2026 · All 6 resolutions approved at 31st AGM of Lexoraa Industries | board shareholder meetings | low | — | — |
| 2 Oct 2026 · All 6 resolutions passed at 31st AGM with 100 percent approval | board shareholder meetings | low | — | — |
| 2 Oct 2026 · AGM voting results: all 6 resolutions passed with 100% approval | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Three new directors and secretarial auditor appointed | management changes | medium | — | — |
| 30 Sept 2026 · Three new directors and secretarial auditor appointed at Lexoraa | management changes | medium | — | — |
| 30 Sept 2026 · 31st AGM concluded; six resolutions transacted via e-voting | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading Window Closure Ahead of Q2 Results | compliance | minimal | — | — |
| 8 Sept 2026 · Board approves director appointments, re-appoints secretarial auditor | management changes | medium | — | — |
| 8 Sept 2026 · Annual Report FY26 and 31st AGM Notice submitted to BSE | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.