Lakshmi Electrical Control Systems (LECS) is a manufacturing company specializing in the production of control panels for textile machinery, as well as plastic components and commercial tool room molds used in the automobile and engineering industries. Established in 1981, LECS began its journey in collaboration with “Sprecher+Schuh” Switzerland for the manufacturing of control gear.
Over the years, the company has expanded its product line to include control panels, engineering plastic components, and commercial tool room molds. With a commitment to delivering exceptional quality products, LECS continuously strives for improvement and maintains high standards and systems.
The company’s expertise lies in control panel manufacturing, plastics mold manufacturing, switchgear components, power supply units, smart meters, and more, serving various industries such as textiles, automotive, and engineering. Examining the share price target for Lakshmi Electrical Control System Ltd. from 2023 to 2030.
Latest news about Lakshmi Electrical Control Systems Ltd
➤Lakshmi Electrical Control Systems Ltd has announced a dividend of ₹22 per share. The ex-dividend date for the dividend is July 17, 2023.
Below are the trading platforms that you can use to purchase Lakshmi Electrical Control Systems Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| July 2023 | ₹1,343.75 | ₹1,218.85 |
| August 2023 | ₹1,370.63 | ₹1,246.02 |
| September 2023 | ₹1,402.15 | ₹1,274.68 |
| October 2023 | ₹1,374.66 | ₹1,249.69 |
| November 2023 | ₹1,411.77 | ₹1,283.43 |
| December 2023 | ₹1,454.13 | ₹1,321.93 |
As of July 18, 2023, the current share price of Lakshmi Electrical Control Systems Ltd stands at ₹1,299.18. Looking at the projected share price for the upcoming months, the company’s stock shows a positive trend. In July, the share price is predicted to reach a maximum of ₹1,343.75 and a minimum of ₹1,218.85. The trend continues with gradual increases in the subsequent months, with the maximum price reaching ₹1,454.13 in December 2023.
These projections indicate potential growth in the company’s stock value. However, it’s important to note that these figures are forecasts and subject to market fluctuations and other factors. Investors should consider conducting thorough analysis before making any investment decisions.
| When | Maximum Price | Minimum Price |
| January 2024 | ₹1,530.66 | ₹1,331.01 |
| February 2024 | ₹1,578.00 | ₹1,372.17 |
| March 2024 | ₹1,593.94 | ₹1,386.03 |
| April 2024 | ₹1,449.03 | ₹1,260.03 |
| May 2024 | ₹1,360.60 | ₹1,183.13 |
| June 2024 | ₹1,632.71 | ₹1,419.75 |
| July 2024 | ₹1,551.08 | ₹1,348.76 |
| August 2024 | ₹1,706.19 | ₹1,483.64 |
| September 2024 | ₹1,791.50 | ₹1,557.82 |
| October 2024 | ₹1,722.59 | ₹1,497.91 |
| November 2024 | ₹1,808.72 | ₹1,572.80 |
| December 2024 | ₹1,844.90 | ₹1,604.26 |
Lakshmi Electrical Control Systems’ projections for the following months indicate an upward trajectory for the company’s stock, with anticipated maximum prices ranging from ₹1,530.66 to ₹1,844.90 by December 2024.
This forecast suggests a promising outlook for investors, indicating potential appreciation in the stock’s value. It is worth emphasizing that these predictions are subject to market dynamics and various external factors.
Thus, prudent investors are advised to exercise diligence and conduct meticulous analysis before making any investment decisions. This implies that Lakshmi Electrical Control has a potential for a significant return on investment for its investors in 2024.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹1,881.79 | ₹1,447.53 |
| February 2025 | ₹1,980.84 | ₹1,523.72 |
| March 2025 | ₹2,079.88 | ₹1,599.91 |
| April 2025 | ₹1,857.03 | ₹1,428.49 |
| May 2025 | ₹1,688.21 | ₹1,298.62 |
| June 2025 | ₹1,857.03 | ₹1,428.49 |
| July 2025 | ₹1,768.60 | ₹1,360.46 |
| August 2025 | ₹1,842.30 | ₹1,417.15 |
| September 2025 | ₹1,934.41 | ₹1,488.01 |
| October 2025 | ₹2,050.47 | ₹1,577.29 |
| November 2025 | ₹2,194.01 | ₹1,687.70 |
| December 2025 | ₹2,237.89 | ₹1,721.45 |
Looking ahead, Lakshmi Electrical Control Systems stock is projected to experience a positive trend, with predicted maximum prices ranging from ₹1,881.79 to ₹2,237.89 by December 2025. These forecasts indicate potential growth and appreciation in the company’s stock value. However, it is important to remember that market conditions and external factors can influence stock prices. Investors should conduct careful analysis and consider market fluctuations before making investment decisions.
The average target price for the year is estimated to be around ₹2,000.00, indicating an upside potential of around 30% from the current levels. Based on these projections, Lakshmi Electrical Control’s share price is expected to continue its upward trajectory in 2025.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹2,349.78 | ₹1,644.85 |
| 2027 | ₹2,584.76 | ₹1,809.33 |
| 2028 | ₹3,618.66 | ₹1,809.33 |
| 2029 | ₹3,133.04 | ₹1,566.52 |
| 2030 | ₹4,072.96 | ₹2,851.07 |
Looking towards the future, the company’s stock is projected to exhibit substantial growth. In 2026, the maximum price is expected to reach ₹2,349.78, reflecting a significant increase in value. Similarly, in 2030, the forecasted maximum price is ₹4,072.96, indicating substantial potential for appreciation.
These figures highlight the positive outlook for the company’s stock in the coming years. However, it’s important to note that these predictions are subject to market conditions and other external factors. Investors should exercise caution and conduct thorough research before making investment decisions.
Financial Condition of LECS Ltd: Last 5 years
| Narration | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| Sales | 191 Cr | 113 Cr | 132 Cr | 256 Cr | 361 Cr |
| Expenses | 180 Cr | 113 Cr | 128 Cr | 236 Cr | 334 Cr |
| Operating Profit | 11 Cr | -0 Cr | 4 Cr | 20 Cr | 27 Cr |
| OPM (%) | 6% | 0% | 3% | 8% | 8% |
| Other Income | 4 Cr | 3 Cr | 1 Cr | 3 Cr | 3 Cr |
| Interest | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 1 Cr |
| Depreciation | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr |
| Profit before tax | 13 Cr | 1 Cr | 3 Cr | 21 Cr | 27 Cr |
| Tax (%) | 22% | 53% | -17% | 25% | 27% |
| Net Profit | 10 Cr | 0 Cr | 3 Cr | 15 Cr | 20 Cr |
| EPS in Rs | 41.54 | 1.75 | 12.45 | 63.02 | 81.08 |
| Dividend Payout (%) | 22% | 29% | 28% | 24% | 27% |
Lakshmi Electrical Control Systems Ltd has delivered commendable financial performance over the past five years, showcasing its robust growth trajectory. The company’s sales have consistently increased from ₹191 crore in March 2019 to ₹361 crore in March 2023, reflecting strong revenue generation. Despite facing various challenges, the company has effectively managed its expenses, leading to a positive operating profit.
The operating profit margin has also exhibited an upward trend, reaching 8% in March 2023, indicating improved operational efficiency. Furthermore, Lakshmi Electrical Control Systems Ltd has generated additional income and maintained a relatively low-interest burden. With a net profit of ₹20 crore in March 2023 and an earnings per share of ₹81.08, the company has demonstrated consistent profitability and financial stability.
These positive financial indicators reflect the company’s strong performance and its ability to navigate market dynamics successfully. Lakshmi Electrical Control Systems Ltd is well-positioned for continued growth and success in the industry.
FAQS
As of 18th July 2023, The share price of Lakshmi Electrical Control System Ltd is ₹1299.18
The share price of Lakshmi Electrical Control System Ltd has witnessed significant volatility in recent years. However, it has been on an upward trend in the last few years, with a few intermittent drops.
Based on current market trends and financial performance, Lakshmi Electrical Control System Ltd’s share price is expected to reach around INR 2,000 by 2023.
While it is difficult to predict the future movement of the stock market, it is highly unlikely that the share price of Lakshmi Electrical Control System Ltd will reach INR 10,000 by 2025.
Several factors can affect the share price of Lakshmi Electrical Control System Ltd, including changes in market trends, company performance, economic policies, political instability, and global market trends.
The average target price for Lakshmi Electrical Control System Ltd’s share price varies depending on the market conditions and financial performance of the company. However, analysts predict a steady growth trajectory for the company in the coming years.
How has Lakshmi Electrical Control System Ltd’s revenue growth been in recent years?
Lakshmi Electrical Control Systems Ltd has shown a consistent revenue growth from 2021 to 2023. Sales increased from ₹132 crore in 2021 to ₹256 crore in 2022 and further to ₹361 crore in 2023. This signifies the company’s ability to attract customers and deliver strong financial performance.
What is the dividend payout ratio of Lakshmi Electrical Control System Ltd?
The dividend payout ratio of Lakshmi Electrical Control System Ltd, based on the provided tables, ranges from 22% to 29% for the given years
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Conclusion: Should you buy LECS in 2023?
In conclusion, Lakshmi Electrical Control System Ltd has demonstrated impressive financial performance with consistent revenue growth from ₹113 Cr in 2020 to ₹361 Cr in 2023. The company’s operating profit margin has improved from 0% in 2020 to 8% in 2023, indicating enhanced operational efficiency. Moreover, with a dividend payout ratio of 27%, the company rewards its shareholders with regular dividends. These financial indicators, coupled with the company’s specialization in manufacturing control panels, plastic components, and commercial tool room molds, position Lakshmi Electrical Control System Ltd as a lucrative investment opportunity. Investors can expect sustained growth and potential returns by considering the company’s strong financial earnings and positive trends in the market.
What did we learn?
- 1 Latest news about Lakshmi Electrical Control Systems Ltd
- 2 How to purchase Lakshmi Electrical Control Systems Ltd shares?
- 3 Lakshmi Electrical Control Systems Share Price Prediction: 2023 to 2030
- 4 Financial Condition of LECS Ltd: Last 5 years
- 5 FAQS
- 5.1 What’s the current share price of Lakshmi Electrical Control System Ltd?
- 5.2 What has been the trend in the share price of Lakshmi Electrical Control System Ltd in recent years?
- 5.3 What is the expected share price target of Lakshmi Electrical Control System Ltd in 2023?
- 5.4 Can the share price of Lakshmi Electrical Control System Ltd reach INR 10,000 by 2025?
- 5.5 What are the key factors that affect the share price of Lakshmi Electrical Control System Ltd?
- 5.6 What is the average target price for Lakshmi Electrical Control System Ltd’s share price in the coming years?
- 5.7 How has Lakshmi Electrical Control System Ltd’s revenue growth been in recent years?
- 5.8 What is the dividend payout ratio of Lakshmi Electrical Control System Ltd?
- 6 Conclusion: Should you buy LECS in 2023?
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