BSE: 512153
M LAKHAMSI INDUSTRIES LIMITED
Operates as a trading and distribution business classified under Commercial Services & Supplies and listed on BSE. FY26 consolidated revenue was Rs 114.42 crore against net profit of Rs 0.72 crore and total assets of Rs 57.26 crore, with an EBITDA margin of 2.39%. Operations run through standalone activity plus two subsidiaries — Lakhamsi FZE in the UAE and Prince Industries Private Ltd. Filings for Q3 FY26 reference purchase of stock-in-trade and inventory adjustments, indicating the core activity is resale of traded goods, though the filings do not name the specific product categories traded. Standalone revenue declined sharply through FY26 — H1 standalone revenue fell about 47% year-on-year and Q3 standalone revenue dropped about 49% year-on-year, even as some quarters posted improved profits on lower purchase costs. The company is small, with paid-up equity of Rs 5.97 crore and net worth of Rs 8.37 crore, and has stated it falls below SEBI thresholds for several reporting requirements. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Trading and distribution of goods. Small, thin-margin BSE-listed trading and distribution business
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 111 | 119 | 114 |
| EBITDA (ex other income) | 1 | 0 | 1 |
| margin % | 1.3 | 0.3 | 0.8 |
| Owners' profit | 0 | 0 | 0 |
| EPS, as reported (₹) | 1.25 | 1.00 | 1.16 |
| ROE % · ROCE % | 9.4 · 26.6 | 7.3 · 26.7 | 7.8 · 28.6 |
| Debt / equity (x) | 2.84 | 2.66 | 2.91 |
| Cash from operations | (13) | (0) | (2) |
| Capex | (0) | (0) | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 38 | 30 | 31 | 22 | 26 | 27 | 40 | 16 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.70 | 0.30 | 0.50 | 0.13 | 0.07 | 0.41 | 0.44 | 0.25 |
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. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 27,525 | 16.2 | 2.64 | 12.8 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 7,740 | 17.3 | 3.65 | 16.5 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 3,896 | 16.6 | 4.31 | 11.3 | 24.2 | 31.8 | (13.9) | 86.5 |
| CREATIVE NEWTECH LIMITED | 1,653 | 25.4 | 4.27 | 19.0 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 1,104 | — | 12.27 | — | (0.0) | (0.0) | — | 45.0 |
| SHIV AUM STEELS LIMITED | 736 | 64.8 | 6.09 | 47.0 | 6.0 | 6.9 | — | 4.9 |
| The Yamuna Syndicate Ltd | 736 | 8.1 | 0.57 | 185.3 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 602 | 0.9 | — | 51.0 | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.5 | 13.9 | 51 of 130 | 61% |
| P/B | 0.7 | 0.9 | 63 of 150 | 58% |
| ROCE | 11.6 | 2.1 | 31 of 177 | 83% |
| ROE | 7.8 | 2.3 | 42 of 158 | 74% |
| Debt / Equity | 2.9 | 0.1 | 146 of 154 | 5% |
| EBITDA margin | 4.4 | 4.5 | 71 of 137 | 49% |
| Revenue growth | (28.4) | (8.6) | 82 of 135 | 40% |
| Profit growth | 91.3 | 0.6 | 53 of 157 | 67% |
| Market cap | 7 | 21 | 150 of 179 | 16% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · Compliance certificate filed under SEBI Regulation 74(5) for Sep 2026 | compliance | minimal | — | — |
| 23 Sept 2026 · Trading window closure from Oct 1 for Q2 and H1 FY2027 results | compliance | minimal | — | — |
| 2 Sept 2026 · 42nd AGM notice: e-voting and book closure details announced | compliance | minimal | — | — |
| 1 Sept 2026 · M Lakhamsi Industries announces book closure for AGM from Sept 18-24, 2026 | board shareholder meetings | low | — | — |
| 1 Sept 2026 · 42nd AGM Notice and Annual Report for FY 2025-26 | board shareholder meetings | medium | — | — |
| 1 Sept 2026 · 42nd AGM on 24 Sep 2026; final dividend of Rs 0.10 per share declared | board shareholder meetings | low | — | — |
| 28 Aug 2026 · 42nd AGM notice published; final dividend of Rs 0.10 per share recommended | compliance | minimal | — | — |
| 27 Aug 2026 · Board recommends 1 percent final dividend; sets 11 September 2026 record date | corporate actions | high | — | — |
| 27 Aug 2026 · Board approves final dividend of Rs 0.10 per share; record date Sept 11 | corporate actions | high | — | — |
| 27 Aug 2026 · Board approves Rs 0.10 final dividend, re-appoints two independent directors | corporate actions | high | — | — |
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.