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Lakshmi Finance & Industrial Corp. Ltd.
(LFIC)
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Rating:55Neutral
Price Target:―
Action:Reiterated
Date:09/12/26
The score is mainly held back by unstable profitability and persistently negative operating/free cash flow despite a strong, low-leverage balance sheet. Valuation is also a constraint due to a high P/E, only partly offset by a moderate dividend yield.
Positive Factors
Very low leverage
A near debt-free balance sheet gives LFIC substantial loss-absorbing capacity and financial flexibility. Low leverage can reduce interest burden, support resilience through credit or earnings volatility, and preserve options to fund lending activity without excessive balance-sheet strain.
Negative Factors
Recurring cash burn
Repeatedly negative operating and free cash flow indicates weak and inconsistent cash conversion over multiple years. Persistent cash consumption can constrain lending growth, reduce financial flexibility, and make reported earnings less useful as a measure of internally generated funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
A near debt-free balance sheet gives LFIC substantial loss-absorbing capacity and financial flexibility. Low leverage can reduce interest burden, support resilience through credit or earnings volatility, and preserve options to fund lending activity without excessive balance-sheet strain.
Read all positive factors
Lakshmi Finance & Industrial Corp. Ltd. (LFIC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹197.25M
Dividend Yield2.15%
Average Volume (3M)N/A
Price to Earnings (P/E)30.4
Beta (1Y)N/A
Revenue Growth-61.85%
EPS Growth-116.29%
CountryIN
Employees9
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Conglomerates
Share Statistics
EPS (TTM)-7.17
Shares Outstanding3,000,000
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)0.61
Price to Sales (P/S)5.44
P/FCF Ratio-21.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Lakshmi Finance & Industrial Corp. Ltd. Business Overview & Revenue Model
Company Description
Lakshmi Finance & Industrial Corporation Limited, a non-banking finance company, invests in equity shares, mutual funds, and other securities in India. The company was formerly known as The Andhra Bank Ltd. and changed its name to Lakshmi Finance ...
How the Company Makes Money
LFIC’s revenue model is expected to be primarily driven by NBFC-style financing activities: (1) Interest income from loans and advances—earning interest on funds lent to customers is typically the core income stream for finance companies; however,...
Lakshmi Finance & Industrial Corp. Ltd. Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
78
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.84M | 64.48M | 71.65M | 84.09M | 29.43M | 48.01M |
| Gross Profit | 23.36M | 46.56M | 52.73M | 72.04M | 18.84M | 38.74M |
| EBITDA | -45.04M | -10.27M | 26.78M | 129.94M | 3.46M | 64.39M |
| Net Income | -21.47M | -7.15M | 35.80M | 103.77M | 5.50M | 57.07M |
Balance Sheet | ||||||
| Total Assets | 638.02M | 598.18M | 614.32M | 597.21M | 489.39M | 497.64M |
| Cash, Cash Equivalents and Short-Term Investments | 65.15M | 81.38M | 37.60M | 57.88M | 20.14M | 79.38M |
| Total Debt | 0.00 | 1.57M | 3.00M | 0.00 | 1.37M | 2.63M |
| Total Liabilities | 33.44M | 25.84M | 25.82M | 32.07M | 22.58M | 27.17M |
| Stockholders Equity | 604.59M | 572.34M | 588.50M | 565.14M | 466.81M | 470.48M |
Cash Flow | ||||||
| Free Cash Flow | -32.49M | -16.20M | -33.03M | -34.48M | 12.37M | -2.00M |
| Operating Cash Flow | -32.44M | -16.15M | -32.90M | -32.69M | 12.39M | -1.93M |
| Investing Cash Flow | 41.05M | 22.34M | 21.63M | 76.33M | -42.65M | 58.10M |
| Financing Cash Flow | -828.00K | -10.55M | -14.02M | -8.63M | -11.24M | -10.58M |
Lakshmi Finance & Industrial Corp. Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹500.12M | 19.28 | ― | ― | 3.23% | -21.21% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹197.25M | 30.36 | ― | 2.15% | -61.85% | -116.29% | |
49 Neutral | ₹838.10M | -1.38 | ― | 0.35% | -50.16% | -325.01% | |
44 Neutral | ₹111.95M | -11.66 | ― | ― | -28.72% | 30.64% | |
44 Neutral | ₹199.14M | -11.20 | ― | ― | -92.80% | -146.71% | |
40 Underperform | ₹137.53M | 621.43 | ― | ― | -1.32% | -58.59% |
* General Sector Average
IN:LFIC
Lakshmi Finance & Industrial Corp. Ltd.
―
―
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Lakshmi Finance & Industrial Corp. Ltd. Corporate Events
Exchange Seeks Clarification from Lakshmi Finance on March 2026 Quarterly Results
Jun 24, 2026
The stock exchange has requested clarification from Lakshmi Finance Industrial Corporation Ltd. regarding its financial results for the quarter ended 31 March 2026, specifically in relation to compliance with Regulation 33 of the SEBI (Listing Ob...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.