Laxmi Cotspin Profile
Key Indicators
- Authorised Capital ₹ 40.00 Cr
- Paid Up Capital ₹ 17.15 Cr
- Company Age 19 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 125.00 Cr
- Satisfied Charges ₹ 230.70 Cr
- Revenue Growth -33.40%
- Profit Growth -207.32%
- Ebitda -124.29%
- Net Worth -10.86%
- Total Assets -8.45%
About Laxmi Cotspin
Laxmi Cotspin Limited (LCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 19 October 2005 and has a history of 19 years and four months. Its registered office is in Jalna, Maharashtra, India.
It is listed on the National Stock Exchange(NSE) under the ticker symbol LAXMICOT.
The Corporate was formerly known as Mauli Cotspin Private Lilmited. The Company is engaged in the Manufacturing Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 40.00 Cr and a paid-up capital of Rs 17.15 Cr.
The company currently has active open charges totaling ₹125.00 Cr. The company has closed loans amounting to ₹230.70 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Laxmi Cotspin Limited India are Anupkumar Gindodiya as CFO and Soni Karwa as Company Secretary. Ramesh Mundada, Sanjay Kachrulal, Shivratan Mundada, and Five other members serve as directors at the Company.
Company Details
- Location
Jalna, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L17120MH2005PLC156866
- Company No.
156866
- Stock Symbol
NSE : LAXMICOT
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
19 Oct 2005
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Listed
- ROC Code
Roc Mumbai
Industry
What products or services does Laxmi Cotspin Limited offer?
Laxmi Cotspin Limited offers a wide range of products and services, including Spun Yarn, Combed Ring Spun Yarn, Yarns & Threads, Yarn, Cotton, Cotton Bale.
Who are the key members and board of directors at Laxmi Cotspin?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sanjay Kachrulal  | Managing Director | 19-Oct-2005 | Current |
| Anupkumar Gindodiya | CFO | 22-Jul-2016 | Current |
| Soni Karwa | Company Secretary | 01-Apr-2023 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ramesh Mundada | Director | 01-Jul-2022 | Current |
| Shivratan Mundada | Director | 05-Apr-2022 | Current |
| Vijay Jhawar | Director | 08-Aug-2022 | Current |
| Kailash Biyani | Director | 16-Oct-2021 | Current |
| Gopal Mundada | Director | 16-Oct-2021 | Current |
| Prafullata Rathi | Director | 01-Mar-2017 | Current |
Financial Performance of Laxmi Cotspin.
Laxmi Cotspin Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 33.4% decrease. The company also saw a substantial fall in profitability, with a 207.32% decrease in profit. The company's net worth observed a substantial decline by a decrease of 10.86%.
- Key Matrics
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- Profit and Loss
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What is the Ownership and Shareholding Structure of Laxmi Cotspin?
In 2022, Laxmi Cotspin had a promoter holding of 57.40% and a public holding of 42.60%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
The Cotton Textiles Export Promotion CouncilSanjay Kachrulal is a mutual person
Cotton Association Of IndiaSanjay Kachrulal is a mutual person
Gauri Agro Tech Products Private LimitedKailash Biyani is a mutual person
Saptashrungi Steel & Power LlpRamesh Mundada is a mutual person
- Mammadevi Steel Alloys Private Limited
Ramesh Mundada is a mutual person
- Laxmi Surgical Healthcare Private Limited
Ramesh Mundada and Sanjay Kachrulal are mutual person
Charges (Loans)
₹125.00 Cr
₹230.70 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 83.63 Cr
- Others : 23.10 Cr
- Axis Bank Limited : 18.28 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 May 2022 | Axis Bank Limited | ₹18.28 Cr | Open |
| 05 May 2022 | Hdfc Bank Limited | ₹10.00 Cr | Open |
| 23 Jul 2018 | Others | ₹2.00 M | Open |
| 15 Mar 2018 | Others | ₹6.00 Cr | Open |
| 24 Jun 2016 | Others | ₹16.90 Cr | Open |
How Many Employees Work at Laxmi Cotspin?
Laxmi Cotspin has a workforce of 314 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Laxmi Cotspin, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Laxmi Cotspin's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
