Laxmi Goldorna House Limited is an India-based company primarily engaged in real estate and the manufacturing and trading of branded gold jewelry and ornaments. Founded in 2010, the company specializes in processing, wholesale, and retail trading of gold and diamond jewelry, offering a wide range of products that often include precious and semi-precious stones.
In its real estate vertical, the company focuses on the construction and development of residential and commercial projects. Notable projects include Laxmi Villa Greens, Laxmi Villa-II, Laxmi Eternia, Laxmi Ashiyana, Laxmi Sky City, and Laxmi Nivas. The company uses three-dimensional (3D) computer-aided designing (CAD) software to develop diverse designs and patterns for its traditional, modern, and Indo-Western jewelry.
Laxmi Goldorna House operates through two primary business segments:
- Real Estate: As a builder and property developer, the company offers a wide range of commercial and residential properties, primarily in Ahmedabad, Gujarat.
- Jewelry: This segment involves the manufacturing, processing, wholesale, and retail trading of branded gold jewelry and ornaments. The company caters to regional tastes by providing diverse designs crafted by third-party manufacturers and also engages in trading branded jewelry in addition to its own lines.
This diversified business model allows the company to leverage opportunities in both the growing real estate market in Gujarat and India's traditional jewelry business.
As of June 12, 2025, Laxmi Goldorna House Ltd (LGHL) has a market capitalization of ₹1,368.15 crore, classifying it as a Small Cap company according to Value Research. The company's P/E (price-to-earnings) ratio stands at 129.68, and its P/B (price-to-book) ratio is 30.11.
FY 2025 Performance:
- Net Profit: Rose 11.39% to ₹10.56 crore in the year ended March 2025, up from ₹9.48 crore in the previous year.
- Sales: Declined 56.51% to ₹87.82 crore in the year ended March 2025, down from ₹201.93 crore in the previous year.
Q4 FY 2025 Results:
- Net Profit: Declined 87.52% to ₹0.68 crore in the quarter ended March 2025, compared to ₹5.45 crore in Q4 FY2024.
- Sales: Declined 78.22% to ₹27.72 crore in the quarter ended March 2025, compared to ₹127.28 crore in Q4 FY2024.
Q3 FY 2025 Results:
- Net Profit: Rose 60.91% to ₹3.54 crore in the quarter ended December 2024, up from ₹2.20 crore in Q3 FY2024.
- Sales: Declined 17.77% to ₹22.16 crore in the quarter ended December 2024, compared to ₹26.95 crore in Q3 FY2024.
Q2 FY 2025 Results:
- Net Profit: Rose 0.74% to ₹4.10 crore in the quarter ended September 2024, up from ₹4.07 crore in Q2 FY2024.
- Sales: Rose 3.56% to ₹22.08 crore in the quarter ended September 2024, up from ₹21.32 crore in Q2 FY2024.
Q1 FY 2025 Results:
- Net Profit: Declined 42.65% to ₹1.17 crore in the quarter ended June 2024, compared to ₹2.04 crore in Q1 FY2024.
- Sales: Declined 39.92% to ₹15.85 crore in the quarter ended June 2024, compared to ₹26.38 crore in Q1 FY2024.
- Market Capitalization: ₹1,368.15 Crore (as of 12th June 2025)
- P/E Ratio: 129.68
- P/B Ratio: 30.11
- Net Debt (March 2025): ₹102 Crore (increased from ₹51.54 Crore in March 2024)
- Debt to Equity: 93%
- Annual Revenue Growth: 232%
- Pre-tax Margin: 6%
- Return on Equity (ROE): 20%
- Promoter Holding (Dec 2024): 74.97% (no promoter pledging)
Laxmi Goldorna House Ltd (LGHL) has a 52-week high of ₹690.95 and a 52-week low of ₹245. The company has delivered a significant return of 100.86% in the last 12 months, outperforming its competitors. Over the last year, Laxmi Goldorna House has grown at approximately 66.08%, significantly higher than the median growth rate of 28.0% among its peers.
The company's management team includes:
- Chairman & Managing Director: Jayesh Chinubhai Shah
- Other Management Members: Preet Devendrakumar Kuriya, Pooja Subhashbhai Jadiya, Meet Paresh Shah, Smit Shah, Rupalben Jayeshkumar Shah.
Laxmi Goldorna House Limited was initially incorporated as a Private Limited Company on January 07, 2010, in Gujarat. It was later converted into a Public Limited Company on July 25, 2017.
The company is listed on the BSE (with a BSE Code of [Missing]) and NSE with the symbol LGHL, and its ISIN is INE258Y01016. Its Registered Office is located at Laxmi House, Opp. Bandharano Khacho, M G Haveli Road, Manek Chowk, Ahmedabad-380001, Gujarat.
The net debt of Laxmi Goldorna House has been increasing, reaching ₹102 crore as of March 2025, up from ₹51.54 crore in March 2024. The company's debt-to-equity ratio stands at 93%, which is considered somewhat high. While the company boasts an outstanding annual revenue growth of 232% and an exceptional ROE of 20%, its pre-tax margin of 6% is modest.
The company currently has a very low dividend payout ratio, with both the latest and 3-year average dividend payout ratios at 0%. Investors should evaluate how the company is allocating its profits.
Laxmi Goldorna House Ltd (LGHL) belongs to the Consumer Discretionary sector, specifically within the Precious Metals, Jewellery & Watches sub-sector, and also has significant operations in Real Estate. Its major competitors in the jewelry segment include Asian Star Co, Tribhovandas Bhimji, Renaissance Global, Radhika Jewel, Khazanchi Jewellers, Motisons Jewellers, and Utssav CZ Gold Jewel.
The company represents a unique investment opportunity spanning the jewelry and real estate sectors. However, potential investors should carefully consider the volatile quarterly performance and relatively high debt levels when making investment decisions.
