Synopsis:
Laxmi Goldorna House Ltd is in the focus after its board had approved the proposal for issuing bonus shares.
A small-cap company involved in the business of real estate development and manufacture & sale of jewelries gained attention after announcing that its board had approved the proposal for issuing bonus shares. The news triggered a sharp market reaction, with the stock climbing over 4 percent in the day’s trade.
With Market Capitalization of Rs. 1,648.88 crore, Laxmi Goldorna House Ltd is trading at 790, up by 4.69 percent from its previous closing price of Rs. 754.60 per equity share.
What’s the News?
Laxmi Goldorna House Limited’s board has approved a bonus issue in the ratio of 7:5 where seven equity shares will be issued for every five existing shares held. It has also set the record date for October 10, 2025, which will increase the authorised share capital to Rs. 51 crore.
About the Company
Laxmi Goldorna House Limited is an Indian company engaged in real estate development and gold jewelry manufacturing and trading. It develops residential and commercial projects like Laxmi Villa Greens and Laxmi Eternia, while also producing and selling a variety of traditional, modern, and Indo-Western gold jewelry, including pieces with precious and semi-precious stones, using advanced 3D CAD design technology.
In Q1FY26, the company reported revenue of Rs. 28.67 crore, up 80.88 percent year-on-year from Rs. 15.85 crore in Q1FY25 and 3.43 percent quarter-on-quarter from Rs. 27.72 crore in Q4FY25. Profit rose to Rs. 2.22 crore, an 89.74 percent increase year-on-year from Rs. 1.17 crore and a 226.47 percent jump quarter-on-quarter from Rs. 0.68 crore, showing strong growth across both revenue and profitability.
At the movement company is trading at a price-to-earnings (P/E) ratio of 155x which is higher than industry average of 29x. A return on equity (ROE) of about 16.9 percent and a return on capital employed (ROCE) of about 16.9 percent demonstrate the company’s financial position. Its debt-to-equity ratio stands at 1.57.
Written By Akshay Sanghavi
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