Lagnam Spintex Ltd
ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD
Stock has been generating better return on equity than bank FD
Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company
Stock doesn't offer attractive dividend returns
Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock
Good time to consider, as stock is not in overbought zone
Red Flags FoundASM and GSM lists are measures to safeguard investors against volatility and unjustified stock prices. Pledging holdings means taking loans against held promoter shares. Stocks in ASM/GSM list or with high pledged promoter holding should be handled with caution. Unsolicited tips are sometimes circulated to manipulate the market. Beware of these stocks
Too much promoter holding pledged
Lagnam Spintex Ltd
LAGNAM
Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa
Current price is less than the intrinsic value
ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD
Stock has been generating better return on equity than bank FD
Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company
Stock doesn't offer attractive dividend returns
Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock
Good time to consider, as stock is not in overbought zone
Red Flags FoundASM and GSM lists are measures to safeguard investors against volatility and unjustified stock prices. Pledging holdings means taking loans against held promoter shares. Stocks in ASM/GSM list or with high pledged promoter holding should be handled with caution. Unsolicited tips are sometimes circulated to manipulate the market. Beware of these stocks
Too much promoter holding pledged
Key Metrics
| PE RatioPE Ratio | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 3.74 | 1.26 | 1.64% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 140.03 | 5.81 | 0.60% |
Forecast & RatingsDetailed Forecast
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Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Lagnam Spintex Limited is an India-based company that manufactures cotton yarn. The Company is engaged in the business of manufacture of ring and open end (OE) yarn for domestic and export market ranging from count Ne 4 to Ne 30, which is used in denim, terry towels, bottom wears, home textiles and industrial fabrics. The Company's products include Carded & Combed Ring Spun yarn for Weaving and Hosiery from Ne 20 to Ne 32, Carded (Soft TPI) double yarn in Ne 20 & 24, Open End Yarn for Weaving & Knitting from Ne 6 to Ne 20, Yarn spun on perforated tubes for direct Dyeing (Ring & OE) and Low Twist, High RKM OE yarn. The Company's manufacturing facility is situated at A- 51-53, RIICO Growth Center, Hamirgarh of Bhilwara District in Rajasthan State and it spreads over 48,263 square meters. The Company exports cotton yarns to countries, such as Portugal, Bangladesh, Poland, China, Peru, Germany, Turkey, Mauritius, Malaysia, Korea, Taiwan, Hong Kong and others.
PeersCompare with peers
Vedant Fashions Ltd
KPR Mill Ltd
Trident Ltd
Vardhman Textiles Ltd
Welspun India Ltd
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Holdings TrendDetailed holdings
Total Promoter HoldingIncreasing promoter holding is considered good and reflects management’s positive view about the future outlook
In last 6 months, promoter holding in the company has almost stayed constant
High Pledged Promoter HoldingLower pledged promoter holdings is considered better
A significant proportion of promoter holdings is pledged
Mutual Fund HoldingIncreasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock
In last 3 months, mutual fund holding of the company has almost stayed constant
Recent NewsAll news
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Recent EventsAll events
Newspaper Advertisements
Lagnam Spintex Limited has informed the Exchange about Newspaper Advertisements with respect to publication of Unaudited Financial Results for the Quarter and Half Year ended 30th September 2022 | Download
Lagnam Spintex Limited has informed the Exchange about Newspaper Advertisements with respect to publication of Unaudited Financial Results for the Quarter and Half Year ended 30th September 2022 | Download
Cash Dividend
Final • Div/Share: ₹ 0.5
Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa
Current price is less than the intrinsic value