Company Overview

About Lamosaic India Limited

Lamosaic India Limited was originally formed as a Partnership Firm named "Swastik Marketing" on January 07, 2020. It was later converted into a Public Limited Company under the Companies Act, 2013, and received its Certificate of Incorporation from the Registrar of Companies, Pune, dated June 13, 2023. The Company's Corporate Identity Number is U31001PN2023PLC221416.

Lamosaic India Ltd is a popular choice among architects, interior designers, and homeowners, specializing in the marketing of various decorative laminates, plywood, and wooden furniture accessories. The company operates in the highly competitive building materials and interior décor segment, focusing primarily on trading and manufacturing activities within Maharashtra.

Business Operations and Product Portfolio

Lamosaic India trades a diverse range of products, including flush doors, decorative laminates, acrylic sheets, printing paper (base), and plywood. The company has strategically positioned its revenue streams across multiple categories:

- Laminates & Decorative Laminates: 76.99%

- Acrylic Laminates/sheets: 8.33%

- Flush Doors (Manufacturing): 6.92%

- Print Paper (Base): 4.48%

- Plywood: 1.07%

- Others: 2.20%

Manufacturing Expansion

Lamosaic India expanded into manufacturing in September 2023, producing and supplying laminated and decorative flush doors based on customer orders. These operations, along with trading, are currently conducted within Maharashtra, with a workshop located in Chembur, Mumbai, spanning over 650 sq ft.

Market Reach and Clientele

The company serves diverse sectors including real estate, infrastructure, construction, interior décor, furniture, and the plywood industry, catering to both commercial and residential markets. Lamosaic India offers customized solutions, including the design of laminates and acrylic sheets. In addition to direct sales, the company distributes products through a franchise located in Mumbai, Maharashtra.

Financial Performance and Growth Trajectory

Lamosaic India has demonstrated remarkable financial growth in recent years:

- Revenue Growth: Increased from ₹10.01 crore in FY22 to ₹31.67 crore in FY23, and further to ₹55.64 crore in FY24.

- Profit Growth: PAT rose from ₹0.51 crore in FY22 to ₹4.07 crore in FY23, reaching ₹8.23 crore in FY24.

- Year-on-Year Increase: Between FY23 and FY24, revenue increased by 75.25% and profit after tax (PAT) rose by 102.13%.

Key Financial Metrics

- Revenue FY24: ₹55.64 Crore

- Profit After Tax FY24: ₹8.23 Crore

- Revenue FY23: ₹31.67 Crore

- Profit After Tax FY23: ₹4.07 Crore

- Revenue FY22: ₹10.01 Crore

- Profit After Tax FY22: ₹0.51 Crore

Market Capitalization and Stock Performance

- Market Capitalization: ₹74.38 Cr (as of 27 Jan '25). Market cap figures vary, with other sources reporting ranges between ₹40 Cr and ₹44.4 Crore for different dates.

- Classification: Classified as a Small Cap company by Value Research.

- 52-Week Range: High ₹172.20, Low ₹38.55.

- Valuation Ratios (as of 27 Jan '25):

- PE Ratio: 9.74

- PB Ratio: 0.98

IPO and Public Listing

- IPO Dates: Opened on November 21, 2024, and closed on November 26, 2024.

- Issue Type: SME IPO, aiming to raise ₹61.20 Cr.

- Issue Price: ₹200.00 per share.

- Listing Date: November 29, 2024, on NSE SME.

- Listing Performance: Listed at ₹164.00 per share, resulting in a listing loss of -18.00%.

- Lead Manager: Inventure Merchant Banker Services Pvt Ltd.

- Registrar: Kfin Technologies Limited.

- Market Maker: Svcm Securities Private Limited.

Management and Promoter Holdings

- Promoters: Mr. Vinod Juthala Visaria, Mr. Jay Manilal Chheda, and Mr. Jitesh Khushalchand Mamaniya.

- Chairman: Mr. Vinod Juthalal Visaria.

- Promoter Pledging: No promoter pledging.

- Promoter Holding Trend:

- As of Mar 2025: 70.4%

- As of Dec 2023: 100.00%

- _Note:_ The decrease indicates dilution post-public listing.

Operational Infrastructure and Workforce

- Employees: As of September 30, 2024, the company employed nine permanent employees and 23 unskilled laborers.

- Organizational Structure: Operates with a lean structure, leveraging a network of distributors and dealers for operational efficiency.

- Key Strengths:

- Strong network of dealers, distributors, stockists, and wholesalers.

- In-house designers assist in redesigning products suitable for the Indian market.

- Strategic approach balances market presence with optimized operational costs.

- Registered Office: Shop # 32 3B 2B Prop 295, Pisoli Road Kondhwa, Pune, Maharashtra-411048.

- Manufacturing Operations: Located in Mumbai.

Conclusion: Lamosaic India represents a growth-oriented small-cap company within the building materials sector. It showcases strong financial performance, strategic market positioning, and expansion into manufacturing capabilities. The company's focus on customized solutions and its robust distribution network position it well for continued growth in India's expanding construction and interior décor markets.