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Laxmi Diamond
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Registered Details

LAXMI DIAMOND PRIVATE LIMITED

Active

Updated: 21 Oct 2024

Laxmi Diamond Private Limited, is an unlisted private company incorporated on 12 April, 2006. It is classified as a private limited company and is located in Mumbai, Maharashtra. It's authorized share capital is INR 48.00 cr and the total paid-up capital is INR 23.77 cr.

Laxmi Diamond's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's EBITDA has increased by 13.88% over the previous year. At the same time, it's book networth has increased by 9.73%.

Industry

Manufacturing (Others)

Products

and other diamonds, pear, heart, radiant, oval, emerald, cushion

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales

-24.8%

₹ 3,263.1

EBITDA

-24.72%

₹ 130.2

Net Profit

-22.03%

₹ 69.9

Networth

19.21%

₹ 1,206.5

Borrowings

-12.74%

₹ 522.4

Assets

20.06%

₹ 3,253.9

Gross Margin

0.1

14.2 %

Operating Margin

4.0 %

Net Profit Margin

0.07

2.1 %

Return on Equity

-3.06

5.8 %

ROCE

-5.64

8.9 %

Debt to Equity

-0.16

0.4

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (4)

State	Type	Address

Locations on Map

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

LOW ROCE
PAYABLES DETERIORATING
REVENUE BELOW AVERAGE

Low Risk

HIGH INVENTORY
REVENUE DECLINE

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	2,729.6	2,832.6	4,593.5	4,338.9	3,263.1
Operating profit	50.3	-42.8	151.9	173.0	130.2
Net profit	18.0	60.4	102.3	89.6	69.9
Gross margin	12.9	7.0	11.6	14.1	14.2
Operating margin	1.8	-1.5	3.3	4.0	4.0
Net margin	0.7	2.0	2.2	2.1	2.1
Networth	750.9	821.3	922.3	1,012.0	1,206.5
Borrowings	433.3	475.1	614.2	598.7	522.4
Assets	2,056.5	2,119.5	2,502.3	2,710.2	3,253.9
Debt to equity	0.6	0.6	0.7	0.6	0.4
Current ratio	1.5	1.6	1.6	1.5	1.5
ROE	2.4	7.4	11.1	8.8	5.8
Days payable	107.0	100.0	81.0	101.0	181.0
WC days	81.0	99.0	67.0	74.0	117.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	21.4	21.4	21.4	21.4	23.8
Reserves	729.5	799.9	900.9	990.7	1,182.7
Borrowings +	433.3	475.1	614.2	598.7	522.4
Long term borrowings	12.6	78.1	102.6	69.4	50.5
Short term borrowings	420.7	397.0	511.6	529.3	471.9
Trade payables +	694.8	721.1	898.0	1,035.0	1,392.5
Days payable	107.0	100.0	81.0	101.0	181.0
Other liabilities +	872.3	823.1	965.7	1,099.4	1,525.0
Other non-current liabilities	28.3	27.4	16.2	8.3	10.9
Other current liabilities	149.1	74.5	51.6	56.1	121.7
Total liabilities	2,056.5	2,119.5	2,502.3	2,710.2	3,253.9
Fixed Assets +	128.6	131.6	166.4	184.4	203.2
Tangible assets	123.1	126.2	138.6	147.9	179.1
CWIP	5.4	5.4	27.8	36.5	24.0
Intangible assets	-	-	-	-	-
LT loans and advances	-	0.2	4.7	9.3	3.4
Other non-current assets	55.2	29.6	20.9	18.0	15.4
Current assets +	1,872.7	1,958.0	2,310.2	2,498.4	3,031.9
Inventories	1,054.5	849.3	1,267.3	1,446.0	1,905.3
Trade receivables	701.2	896.0	882.5	933.0	866.2
Cash and cash equivalents	12.3	49.3	15.6	21.1	182.7
ST loans and advances	2.9	3.3	4.0	5.7	3.6
Other current assets	101.9	160.1	140.8	92.6	74.2
Total assets	2,056.5	2,119.5	2,502.3	2,710.2	3,253.9

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.04	1.01	0.85	0.79	0.73
Reserves	35.47	37.74	36.0	36.55	36.35
Borrowings +	21.07	22.42	24.55	22.09	16.06
Long term borrowings	0.61	3.68	4.1	2.56	1.55
Short term borrowings	20.46	18.73	20.45	19.53	14.5
Trade payables	33.79	34.02	35.89	38.19	42.79
Other liabilities +	42.42	38.83	38.59	40.57	46.87
Other non-current liabilities	1.38	1.29	0.65	0.31	0.33
Other current liabilities	7.25	3.52	2.06	2.07	3.74
Total liabilities
Fixed Assets +	6.25	6.21	6.65	6.81	6.25
Tangible assets	5.99	5.95	5.54	5.46	5.5
CWIP	0.26	0.26	1.11	1.35	0.74
Intangible assets	0.0	0.0	0.0	0.0	0.0
LT loans and advances	0.0	0.01	0.19	0.34	0.1
Other non-current assets	2.68	1.4	0.84	0.66	0.47
Current assets +	91.06	92.38	92.33	92.19	93.18
Inventories	51.27	40.07	50.64	53.35	58.55
Trade receivables	34.09	42.28	35.27	34.43	26.62
Cash and cash equivalents	0.6	2.33	0.62	0.78	5.61
ST loans and advances	0.14	0.16	0.16	0.21	0.11
Other current assets	4.96	7.55	5.63	3.42	2.28
Total assets

	Mar 2015	Mar 2022	Mar 2023	Mar 2024
Equity Capital	20.0	21.4	21.4	23.8
Reserves	594.5	900.8	975.7	1,166.9
Borrowings +	699.6	614.2	598.7	522.4
Long term borrowings	14.0	102.6	69.4	50.5
Short term borrowings	685.6	511.6	529.3	471.9
Trade payables +	552.4	898.3	1,035.1	1,392.7
Days payable	73.0	81.0	98.0	180.0
Other liabilities +	564.7	996.0	1,127.1	1,565.0
Other non-current liabilities	2.8	18.2	9.7	11.8
Other current liabilities	9.5	79.5	82.2	160.5
Total liabilities	1,878.8	2,532.3	2,722.8	3,278.1
Fixed Assets +	140.0	168.1	186.0	206.5
Tangible assets	114.0	140.3	149.5	182.4
CWIP	24.6	27.8	36.5	24.0
Intangible assets	1.3	-	-	-
LT loans and advances	34.1	-	-	-
Other non-current assets	14.4	24.3	29.4	20.0
Current assets +	1,690.4	2,339.9	2,507.5	3,051.7
Inventories	921.9	1,292.7	1,454.3	1,924.3
Trade receivables	699.8	882.5	933.0	866.2
Cash and cash equivalents	35.5	19.5	21.7	183.3
ST loans and advances	18.0	4.0	5.7	3.6
Other current assets	15.3	141.1	92.8	74.3
Total assets	1,878.8	2,532.3	2,722.8	3,278.1

Percentage of assets	Mar 2015	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.07	0.84	0.79	0.73
Reserves	31.64	35.57	35.83	35.6
Borrowings +	37.23	24.25	21.99	15.94
Long term borrowings	0.75	4.05	2.55	1.54
Short term borrowings	36.49	20.2	19.44	14.4
Trade payables	29.4	35.47	38.02	42.48
Other liabilities +	30.06	39.33	41.39	47.74
Other non-current liabilities	0.15	0.72	0.36	0.36
Other current liabilities	0.5	3.14	3.02	4.9
Total liabilities
Fixed Assets +	7.45	6.64	6.83	6.3
Tangible assets	6.07	5.54	5.49	5.56
CWIP	1.31	1.1	1.34	0.73
Intangible assets	0.07	0.0	0.0	0.0
LT loans and advances	1.82	0.0	0.0	0.0
Other non-current assets	0.76	0.96	1.08	0.61
Current assets +	89.97	92.4	92.09	93.09
Inventories	49.07	51.05	53.41	58.7
Trade receivables	37.24	34.85	34.27	26.42
Cash and cash equivalents	1.89	0.77	0.8	5.59
ST loans and advances	0.96	0.16	0.21	0.11
Other current assets	0.81	5.57	3.41	2.27
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	2,729.6	2,832.6	4,593.5	4,338.9	3,263.1
Sales growth %	-11.86	3.78	62.16	-5.54	-24.8
Expenses +	2,716.6	2,916.2	4,484.9	4,231.9	3,198.8
Cost of goods	2,376.7	2,634.6	4,062.7	3,729.0	2,800.9
Employee cost	94.6	78.4	122.8	137.0	134.4
Other costs	207.9	162.4	256.2	300.0	197.6
Operating profit +	50.3	-42.8	151.9	173.0	130.2
Operating margin %	1.8	-1.5	3.3	4.0	4.0
Other income	11.7	167.9	24.7	12.4	15.2
Interest	26.1	28.4	23.6	47.2	46.7
Depreciation	11.3	12.4	19.7	18.7	19.3
Exceptional items	-	-	-	-	-
Profit before tax	24.7	84.4	133.4	119.4	79.4
Tax	6.7	24.0	31.1	29.8	9.6
Profit - disc. ops	-	-	-	-	-
Net profit	18.0	60.4	102.3	89.6	69.9
Net margin %	0.7	2.0	2.2	2.1	2.1

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.57	94.4	99.47	99.72	99.54
Expenses +	99.1	97.19	97.11	97.26	97.58
Cost of goods	86.7	87.8	87.97	85.7	85.44
Employee cost	3.45	2.61	2.66	3.15	4.1
Other costs	7.58	5.41	5.55	6.89	6.03
Operating profit	1.84	-1.43	3.29	3.98	3.97
Other income	0.43	5.6	0.53	0.28	0.46
Interest	0.95	0.95	0.51	1.09	1.43
Depreciation	0.41	0.41	0.43	0.43	0.59
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	0.9	2.81	2.89	2.74	2.42
Tax	0.24	0.8	0.67	0.68	0.29
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	0.66	2.01	2.22	2.06	2.13

	Mar 2015	Mar 2022	Mar 2023	Mar 2024
Sales +	3,156.3	4,595.1	4,464.4	3,297.3
Sales growth %	None	45.59	-2.85	-26.14
Expenses +	3,141.0	4,486.8	4,376.0	3,229.9
Cost of goods	2,774.9	4,062.8	3,859.8	2,829.7
Employee cost	112.1	123.2	138.9	135.7
Other costs	160.5	256.9	310.3	197.5
Operating profit +	108.7	152.3	155.4	134.4
Operating margin %	3.5	3.3	3.5	4.1
Other income	73.4	24.7	12.4	15.2
Interest	68.6	23.7	47.4	46.9
Depreciation	24.9	20.2	19.6	20.1
Exceptional items	-4.1	-	-	-
Profit before tax	83.2	133.0	100.8	82.6
Tax	29.5	30.9	25.7	13.8
Profit - disc. ops	-	-	-	-
Net profit	50.9	102.1	75.1	68.8
Net margin %	1.6	2.2	1.7	2.1

Precentage of total income	Mar 2015	Mar 2022	Mar 2023	Mar 2024
Sales	97.73	99.47	99.72	99.54
Expenses +	97.25	97.12	97.75	97.51
Cost of goods	85.92	87.94	86.22	85.43
Employee cost	3.47	2.67	3.1	4.1
Other costs	4.97	5.56	6.93	5.96
Operating profit	3.37	3.3	3.47	4.06
Other income	2.27	0.53	0.28	0.46
Interest	2.12	0.51	1.06	1.41
Depreciation	0.77	0.44	0.44	0.61
Exceptional items	-0.13	0.0	0.0	0.0
Profit before tax	2.58	2.88	2.25	2.49
Tax	0.91	0.67	0.57	0.42
Profit - disc. ops	0.0	0.0	0.0	0.0
Net profit	1.57	2.21	1.68	2.08

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.6	0.6	0.7	0.6	0.4
Net Debt/Equity	0.6	0.5	0.7	0.6	0.3
Total Debt/Assets	0.2	0.2	0.2	0.2	0.2
Total Assets/Equity	2.7	2.6	2.7	2.7	2.7
Liquidity +
Current Ratio	1.5	1.6	1.6	1.5	1.5
Quick Ratio	0.7	0.9	0.7	0.7	0.6
Interest Coverage	1.9	-1.5	6.5	3.7	2.8
Performance
Gross Margin	12.9	7.0	11.6	14.1	14.2
Operating Margin	1.8	-1.5	3.3	4.0	4.0
Net Margin	0.7	2.0	2.2	2.1	2.1
Return +
Return on Equity	2.4	7.4	11.1	8.8	5.8
Pre-tax ROCE	5.3	-6.2	13.0	14.5	8.9
Return on Assets	0.9	2.9	4.1	3.3	2.1
Pre-tax ROIC	3.3	-4.4	8.7	9.7	7.2
Efficiency +
Days Payable	107.0	100.0	81.0	101.0	181.0
Days Inventory	162.0	118.0	114.0	142.0	248.0
Days Receivable	94.0	115.0	70.0	78.0	97.0
Fixed Asset Turnover	21.2	21.5	27.6	23.5	16.1
Total Asset Turnover	1.3	1.3	1.8	1.6	1.0
Working Capital
Cash Conversion Cycle	149.0	133.0	103.0	119.0	164.0
Working Capital Days	81.0	99.0	67.0	74.0	117.0

	Mar 2015	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	1.1	0.7	0.6	0.4
Net Debt/Equity	1.1	0.6	0.6	0.3
Total Debt/Assets	0.4	0.2	0.2	0.2
Total Assets/Equity	3.1	2.8	2.7	2.8
Liquidity +
Current Ratio	1.4	1.6	1.5	1.5
Quick Ratio	0.6	0.7	0.6	0.6
Interest Coverage	1.6	6.4	3.3	2.9
Performance
Gross Margin	12.1	11.6	13.5	14.2
Operating Margin	3.5	3.3	3.5	4.1
Net Margin	1.6	2.2	1.7	2.1
Return +
Return on Equity	8.3	11.1	7.5	5.8
Pre-tax ROCE	14.4	13.0	13.0	9.3
Return on Assets	2.7	4.0	2.8	2.1
Pre-tax ROIC	6.6	8.7	8.6	7.5
Efficiency +
Days Payable	73.0	81.0	98.0	180.0
Days Inventory	121.0	116.0	138.0	248.0
Days Receivable	81.0	70.0	76.0	96.0
Fixed Asset Turnover	22.6	27.3	24.0	16.0
Total Asset Turnover	1.7	1.8	1.6	1.0
Working Capital
Cash Conversion Cycle	129.0	105.0	116.0	164.0
Working Capital Days	51.0	68.0	70.0	114.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

State Bank of India

No. of Loans: 2

Total Amount : 720.6 cr

Bank of India

No. of Loans: 1

Total Amount : 120.0 cr

Union Bank of India

No. of Loans: 2

Total Amount : 33.0 cr

Bank of India -Lead Bank & 3 others

No. of Loans: 1

Total Amount : 30.0 cr

SBICap Trustee Company Limited

No. of Loans: 1

Total Amount : 20.2 cr

Rajkot Nagrik Sahakari Bank Ltd.

No. of Loans: 1

Total Amount : 17.0 cr

Rajkot Nagrik Sahakari Bank Ltd

No. of Loans: 1

Total Amount : 17.0 cr

Charge Holder	Amount	Date of creation/modification
Rajkot Nagrik Sahakari Bank Ltd.	17.0 cr	05 Jan, 2024
Rajkot Nagrik Sahakari Bank Ltd	17.0 cr	20 Dec, 2023
State Bank of India	690.9 cr	09 Oct, 2023
Union Bank of India	11.0 cr	29 Mar, 2022
Union Bank of India	22.0 cr	30 Mar, 2021
State Bank of India	29.7 cr	31 Aug, 2020
SBICap Trustee Company Limited	20.2 cr	19 Feb, 2016
Bank of India	120.0 cr	14 Oct, 2014
Bank of India -Lead Bank & 3 others	30.0 cr	28 May, 2011

Charges

State Bank of India

Bank of India

Union Bank of India

Bank of India -Lead Bank & 3 others

Others

People

Designation	Name	DIN/PAN	Tenure
Managing Director	Ashokkumar Haribhai Gajera Shareholder	00147819	19 years
Director	Bakulbhai Haribhai Gajera Shareholder	06536819	12 years
Kmp	Nirali Chirag Moradiya	<HIDDEN>	3 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
MBA HEIGHTS AND PROPERTIES PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
DHANAMALL SILK MILLS PRIVATE LIMITED	Active	8.0 Cr	1	Maharashtra
LAXMI JEWEL PRIVATE LIMITED	Amalgamated	1.0 Cr	1	Maharashtra
SHREE LAXMI INFOSOLUTIONS AND JEWELLARY LIMITED	Amalgamated	50.0 L	1	Maharashtra
LAB-GROWN DIAMOND AND JEWELLERY PROMOTION COUNCIL	Active	1.0 L	1	Maharashtra
INDIAN INSTITUTE OF GEMS AND JEWELLERY	Active	0.0	1	Maharashtra
SHANTI INTEGRATED TEXTILE PARK PRIVATE LIMITED	Active	12.3 Cr	2	Gujarat
CATURA LEASING AND FINANCE PRIVATE LIMIT ED	Amalgamated	42.0 L	1	Maharashtra
LAXMI INFRA-STONE LIMITED	Active	10.0 Cr	1	Gujarat
CREATIVE POLYFILMS PRIVATE LIMITED	Active	17.8 Cr	1	Gujarat
SARJAN SPORTS CLUB PVT LTD	Active	15.2 L	1	Gujarat
SHANTI RESIDENCES PRIVATE LIMITED	Active	5.4 Cr	1	Maharashtra
LAXMI ASTER INFRA LLP	Active	1.0 L	1	ja
MILLENNIUM INFRA SQUARE LLP	Active	1.0 L	1	Gujarat

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
LAXMI DIAMOND BOTSWANA PROPRIETARY LIMITED	Botswana	-	-
Laxmi Diamond Botswana Proprietary Limited	Botswana	-	-

Registered Details

CIN

U36911MH2006PTC161091

PAN

AABCL1815G

Incorporation

2006, 19.0 years

Company Email

ldpersonal@laxmidiamond.com

Paid up Capital

₹ 23.8 Cr

Authorised Capital

₹ 48.0 Cr

AGM

Sep 2023

Type

Private

Non-government Company

FAQ - LAXMI DIAMOND PRIVATE LIMITED

What is the incorporation date of LAXMI DIAMOND PRIVATE LIMITED?

The incorporation date of LAXMI DIAMOND PRIVATE LIMITED is 12 April, 2006

What is the authorized share capital of LAXMI DIAMOND PRIVATE LIMITED?

The authorized share capital of LAXMI DIAMOND PRIVATE LIMITED is INR ₹ 48.0 Cr.

What is the paid-up capital of LAXMI DIAMOND PRIVATE LIMITED?

The paid-up capital of LAXMI DIAMOND PRIVATE LIMITED is INR ₹ 23.8 Cr.

What is the registered address of LAXMI DIAMOND PRIVATE LIMITED?

The registered address of LAXMI DIAMOND PRIVATE LIMITED is EW-2200, 2nd Floor, E West Wing, Bharat Diamond Bourse, Ba ndra Kurla Complex, Bandra (E) , NA Mumbai Maharashtra - 400051

What is the CIN number of LAXMI DIAMOND PRIVATE LIMITED?

The CIN number of LAXMI DIAMOND PRIVATE LIMITED is U36911MH2006PTC161091.

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