Laxmi Cotspin Limited

Founded in 2005 and headquartered in Maharashtra, India.

2005 | Jalna, Maharashtra (India) | Active
Last Updated:

Laxmi Cotspin Profile

Key Indicators

  • Authorised Capital ₹ 40.00 Cr
  • Paid Up Capital ₹ 17.15 Cr
  • Company Age 19 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • 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 five 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 Laxmi Cotspin Private Limited. 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 2024. 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. Sanjay Kachrulal, Vijay Jhawar, Prafullata Rathi, 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

    27 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Manufacturing

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)

NameDesignationAppointment DateStatus
Sanjay Kachrulal Country flag representing In Managing Director19-Oct-2005Current
Anupkumar Gindodiya Country flag representing In CFO22-Jul-2016Current
Soni Karwa Company Secretary12-Apr-2023Current

Board Members (7)

NameDesignationAppointment DateStatus
Vijay Jhawar Country flag representing In Director 08-Aug-2022Current
Prafullata Rathi Country flag representing In Director 27-Oct-2020Current
Ketankumar Shah Country flag representing In Director 08-Aug-2022Current
Gopal Mundada Country flag representing In Director 16-Oct-2021Current
Kailash Biyani Country flag representing In Director 16-Oct-2021Current
Shivratan Mundada Country flag representing In Director 05-Apr-2022Current

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%.

Laxmi Cotspin revenue growth over time
Laxmi Cotspin profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-33.40%
Revenue from Operations
-33.64%
Total Assets
-8.45%
Profit or Loss
-207.32%
Net Worth
-10.86%
EBITDA
-124.29%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹125.00 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
11 May 2022Axis Bank Limited₹18.28 CrOpen
05 May 2022Hdfc Bank Limited₹10.00 CrOpen
23 Jul 2018Others₹2.00 MOpen
15 Mar 2018Others₹6.00 CrOpen
24 Jun 2016Others₹16.90 CrOpen

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.

Employee growth trends for Laxmi Cotspin Limited

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Laxmi Cotspin

Recent activity within the organization

  • Annual General Meeting

    Laxmi Cotspin Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Laxmi Cotspin Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Director Appointment

    Soni Shailesh Karwa was appointed as a Company Secretary was appointed as a Company Secretary on 12 Apr 2023 & has been associated with this company since 1 year 11 months .

  • Charges

    A charge with Axis Bank Limited of Rs. 18.28 Cr registered on 11 May 2022 with Charge ID 100589427 was modified on 25 Mar 2023.

  • Director Appointment

    Vijay Jainarayan Jhawar was appointed as a Director was appointed as a Director on 08 Aug 2022 & has been associated with this company since 2 years 7 months .

  • Director Appointment

    Ketankumar Shankarlal Shah was appointed as a Director was appointed as a Director on 08 Aug 2022 & has been associated with this company since 2 years 7 months .

Frequently asked questions

  • What is the Incorporation or founding date of Laxmi Cotspin Limited?

    Laxmi Cotspin Limited was incorporated on 19 Oct 2005.

  • What is authorized share capital and paid-up capital of Laxmi Cotspin Limited?

    The authorized share capital of Laxmi Cotspin Limited is ₹ 40.00 Cr and paid-up capital is ₹ 17.15 Cr.

  • Who are the current board members & directors of Laxmi Cotspin Limited?

    Currently 10 directors are associated with Laxmi Cotspin Limited.

    • Sanjay Rathi Kachrulal
    • Vijay Jainarayan Jhawar
    • Prafullata Sanjaykumar Rathi
    • Ketankumar Shankarlal Shah
    • Anupkumar Ashokrao Gindodiya
    • Soni Shailesh Karwa
    • Gopal Satyanarayan Mundada
    • Kailash Shrikisan Biyani
    • Shivratan Shrigopal Mundada
    • Ramesh Gopikishan Mundada

  • What is the registered address of Laxmi Cotspin Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Laxmi Cotspin Limited is Gut No.399 Samangaon-Kajla Road Front Of Meenatai Thakare Vridhashram, Samangaon India, Jalna, Maharashtra, 431203.

  • What is the corporate identification number (CIN) and company number of Laxmi Cotspin Limited?

    The corporate identification number (CIN) of Laxmi Cotspin Limited is L17120MH2005PLC156866 and the company number is 156866 as per Ministry of Corporate Affairs (MCA).

  • Is Laxmi Cotspin Limited registered with any stock exchange in India?

    Yes, Laxmi Cotspin Limited is registered on National Stock Exchange (NSE).

  • What is the official website of Laxmi Cotspin Limited?

    The Official website of Laxmi Cotspin Limited is https://www.laxmicotspin.com

  • What has been the recent revenue trend for Laxmi Cotspin Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Laxmi Cotspin Limited has fallen by -33.40%.

  • How many employees does Laxmi Cotspin Limited currently have?

    As Per 2023 financial reports, 314 employees are currently employed by Laxmi Cotspin Limited.

  • What change has been observed in the net worth of Laxmi Cotspin Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Laxmi Cotspin Limited has experienced an downturn of -10.86%.

  • What are the total open charges for Laxmi Cotspin Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Laxmi Cotspin Limited amount to ₹ 125.00 Cr.

  • When was the last Balance Sheet of Laxmi Cotspin Limited filed with the ROC?

    The most recent Balance Sheet for Laxmi Cotspin Limited was filed with the ROC on 31 Mar 2024.

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