LCL

LCL share price & results

Price: ₹557.15
Market cap: ₹5.9k Cr
Sector: Capital Goods
Calls analysed: 1

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Latest concall · Q1 FY27 · call held 20 Aug 2026

LCL Q1 FY27

Revenue from Operations ₹503 cr +60%EBITDA ₹100 cr +278%EBITDA Margin 19.9% Profit After Tax ₹66 cr +288%

What went well

Revenue from operations grew 60% YoY to INR503 crores, driven by domestic and international markets.
EBITDA surged 276% YoY to INR100 crores, with margin expanding to 19.9% due to higher volumes, operating leverage, and better efficiencies.
Profit after tax increased to INR66 crores from INR17 crores in the same quarter last year.

Read the full call →

Guidance record · Q1 FY27

updates from the last two tracked quarters 6 tracked 0 delivered 0 missed 6 open

EBITDA Margin open said Q1 FY27 Promised: at least 20% Q1 FY27: New guidance set, with management calling this the 'new normal'. The current quarter's margin is 19.9%.

6 of LCL's 6 targets are still open. See which are on track and which have gone quiet.

Check before the next result

Quarterly results

₹ Cr · quarterly

Line item	Q1 FY26	Q4 FY26	Q1 FY27
Revenue	315	511	503
Expenses	279	407	403
EBITDA	36	103	100
Margin	11%	20%	20%
Other income	4	9	7
Interest	3	3	2
Depreciation	13	13	13
Profit before tax	23	97	91
Tax rate	28%	26%	27%
Net profit	17	71	66
EPS	1.59	6.65	6.30

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +12.6% YTD

YTD: ₹494.6 on 30 Jul 2026 → ₹557.15. High ₹598.2 (26 Aug 2026), low ₹494.6 (30 Jul 2026).

How the price took the results

close before → close after

Q1 FY27: −3.8%; 20 Aug

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Valuation and ratios

Current values use the same calculations as the financial screener. Compare FY and TTM where available. Each ratio shows its reporting period.

Return on capital employed: —; TTM · period unavailable; How it is calculated

Adjusted EBIT ÷ average capital employed, including minority equity and deposits.; 43.79%; FY ending Mar 2026; How it is calculated

Adjusted EBIT ÷ average capital employed, including minority equity and deposits.
Return on equity: —; TTM · period unavailable; How it is calculated

Adjusted profit attributable to owners ÷ average owners’ equity.; 44.49%; FY ending Mar 2026; How it is calculated

Adjusted profit attributable to owners ÷ average owners’ equity.
Return on assets: —; TTM · period unavailable; How it is calculated

Total profit excluding exceptional items after tax ÷ average total assets.; 17.44%; FY ending Mar 2026; How it is calculated

Total profit excluding exceptional items after tax ÷ average total assets.
Operating margin (EBITDA): —; TTM · period unavailable; How it is calculated

Operating profit ÷ revenue.; 18.70%; FY ending Mar 2026; How it is calculated

Operating profit ÷ revenue.
Net margin: —; TTM · period unavailable; How it is calculated

Total profit excluding exceptional items after tax ÷ revenue.; 11.53%; FY ending Mar 2026; How it is calculated

Total profit excluding exceptional items after tax ÷ revenue.
Free cash flow margin: 17.06%; FY ending Mar 2026; How it is calculated

(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Cash conversion (CFO/PAT): 168.39%; FY ending Mar 2026; How it is calculated

Operating cash flow ÷ reported total net profit.
Capex intensity: 1.92%; FY ending Mar 2026; How it is calculated

Fixed-asset purchases ÷ revenue.
Revenue growth (YoY): —; TTM · period unavailable; How it is calculated

Revenue change against the same period one year earlier.; 24.69%; FY ending Mar 2026; How it is calculated

Revenue change against the same period one year earlier.
PAT growth (YoY): —; TTM · period unavailable; How it is calculated

Adjusted profit attributable to owners vs the same period one year earlier.; 70.68%; FY ending Mar 2026; How it is calculated

Adjusted profit attributable to owners vs the same period one year earlier.
EBITDA growth (YoY): —; TTM · period unavailable; How it is calculated

Operating profit vs the same period one year earlier.; 45.25%; FY ending Mar 2026; How it is calculated

Operating profit vs the same period one year earlier.
Debt to equity: 0.34×; FY ending Mar 2026; How it is calculated

Borrowings ÷ owners’ equity.
Interest coverage: —; TTM · period unavailable; How it is calculated

Adjusted EBIT ÷ interest expense.; 19.12×; FY ending Mar 2026; How it is calculated

Adjusted EBIT ÷ interest expense.
Asset turnover: —; TTM · period unavailable; How it is calculated

Revenue ÷ average total assets.; 1.51×; FY ending Mar 2026; How it is calculated

Revenue ÷ average total assets.
Net debt: ₹146.00 Cr; FY ending Mar 2026; How it is calculated

Borrowings less cash equivalents.
Net debt / EBITDA: —; TTM · period unavailable; How it is calculated

(Borrowings − cash equivalents) ÷ adjusted EBITDA.; 0.43×; FY ending Mar 2026; How it is calculated

(Borrowings − cash equivalents) ÷ adjusted EBITDA.
Financial leverage (average assets/equity): 2.18×; FY ending Mar 2026; How it is calculated

Average total assets ÷ closing owners’ equity.
Price to earnings: —; TTM · period unavailable; How it is calculated

Current market cap ÷ adjusted profit attributable to owners for the selected income period. Uses current market cap, not the share price at the period end.; 29.73×; FY ending Mar 2026; How it is calculated

Current market cap ÷ adjusted profit attributable to owners for the selected income period. Uses current market cap, not the share price at the period end.
EV / EBITDA: —; TTM · period unavailable; How it is calculated

(Market cap + borrowings + deposits − cash equivalents) ÷ adjusted EBITDA. Uses current market cap, not the share price at the period end.; 17.80×; FY ending Mar 2026; How it is calculated

(Market cap + borrowings + deposits − cash equivalents) ÷ adjusted EBITDA. Uses current market cap, not the share price at the period end.
Earnings yield: —; TTM · period unavailable; How it is calculated

Adjusted EBIT ÷ enterprise value. Uses current market cap, not the share price at the period end.; 4.75%; FY ending Mar 2026; How it is calculated

Adjusted EBIT ÷ enterprise value. Uses current market cap, not the share price at the period end.
Debtor days: 29.00 days; FY ending Mar 2026; How it is calculated

Reported receivable days from the annual accounts.
Inventory days: 150.00 days; FY ending Mar 2026; How it is calculated

Reported inventory days, using material cost / cost of goods sold.
Days payable: 53.00 days; FY ending Mar 2026; How it is calculated

Reported payable days, using material cost / cost of goods sold.
Cash conversion cycle: 126.00 days; FY ending Mar 2026; How it is calculated

Reported debtor days plus inventory days less payable days.
Working capital days: 3.00 days; FY ending Mar 2026; How it is calculated

Reported net working capital days from the annual accounts.
Dividend payout: 0.00%; FY ending Mar 2026; How it is calculated

Reported dividend payout as a percentage of annual profit.
Market cap: ₹5,886.00 Cr; Current market cap; How it is calculated

Market capitalisation from the current stock record.

A dash means inputs are missing or too old, the ratio does not apply, or the value is outside our supported range; a ratio with no value in any period is left out. FY uses the reported fiscal period; TTM uses the latest twelve months. Valuations use current market cap with the selected earnings period.

Screen Indian stocks using these ratios →

Annual ratio history

Period ending	Mar 2025	Mar 2026
Return on capital employed	29.28%	43.79%
Return on equity	31.52%	44.49%
Return on assets	12.10%	17.44%
Operating margin (EBITDA)	16.05%	18.70%
Net margin	8.50%	11.53%
Free cash flow margin	7.84%	17.06%
Cash conversion (CFO/PAT)	119.49%	168.39%
Capex intensity	2.61%	1.92%
Revenue growth (YoY)	—	24.69%
PAT growth (YoY)	—	70.68%
EBITDA growth (YoY)	—	45.25%
Debt to equity	0.64×	0.34×
Interest coverage	10.49×	19.12×
Asset turnover	1.42×	1.51×
Net debt	₹200.00 Cr	₹146.00 Cr
Net debt / EBITDA	0.87×	0.43×
Financial leverage (average assets/equity)	2.63×	2.18×
Net interest income	—	—
Deposit growth	—	—
Debtor days	32.00 days	29.00 days
Inventory days	141.00 days	150.00 days
Days payable	50.00 days	53.00 days
Cash conversion cycle	123.00 days	126.00 days
Working capital days	16.00 days	3.00 days
Dividend payout	0.00%	0.00%

The same formulas applied to each reported year. Periods longer or shorter than twelve months are labelled and are not annualised. Current prices are not used for historical valuations.

Balance sheet

Year ending	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	₹4 Cr	₹11 Cr	₹0 Cr	₹11 Cr	₹11 Cr
Reserves	₹489 Cr	₹547 Cr	₹0 Cr	₹381 Cr	₹550 Cr
Borrowings	₹308 Cr	₹313 Cr	₹0 Cr	₹197 Cr	₹119 Cr
Other liabilities	₹625 Cr	₹394 Cr	₹0 Cr	₹338 Cr	₹562 Cr
Total liabilities	₹1.4k Cr	₹1.3k Cr	₹0 Cr	₹928 Cr	₹1.2k Cr
Fixed assets	₹415 Cr	₹403 Cr	₹0 Cr	₹366 Cr	₹355 Cr
Capital work in progress	₹9 Cr	₹2 Cr	₹0 Cr	₹13 Cr	₹5 Cr
Investments	₹376 Cr	₹275 Cr	₹0 Cr	₹18 Cr	₹164 Cr
Other assets	₹626 Cr	₹585 Cr	₹0 Cr	₹531 Cr	₹717 Cr
Total assets	₹1.4k Cr	₹1.3k Cr	₹0 Cr	₹928 Cr	₹1.2k Cr

How to read this

As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jul 2026

Promoters: 68.7%
FIIs: 5.7%
DIIs: 17.5%
Public: 8.2%

Who was buying across the market this quarter →

Who is on the register

Named in the Jul 2026 filing

Every holder of LCL above SEBI's 1% disclosure line.

Holder	Stake
Raj Kumar Lohia	39.89%
Gaurav Lohia	7.62%
LTS Holdings Private Limited (formerly known as Lohia Trade Services Private Limited)	7.12%
Amit Kumar Lohia	3.39%
Rishab Kumar Lohia Memorial Trust	2.86%
Kotak Mahindra Trustee Co Ltd A/C Kotak Multicap Fund Mutual fund	2.51%
Motilal Oswal Select Opportunities Fund Series Iv Mutual fund	1.96%
Motilal Oswal Small Cap Fund Mutual fund	1.86%
Ritu Lohia	1.58%
Spark Midas Investment Fund I AIF	1.56%
Kotak Mahindra Life Insurance Company Ltd Insurer	1.43%
Tanya Capital Private Limited (formerly known as Tanya Homes Private Limited)	1.40%

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in LCL

Filings to Aug 2026

0 new, 0 added, 1 trimmed, 0 sold out — net −0.77 L shares (−5.3%).

Held by funds: ₹76 Cr; 2 schemes
Biggest holder: Nippon India Small Cap Fund; ₹49 Cr · 0.1% of that fund

Scheme	Holding	Last month	Held since
Nippon India Small Cap Fund Nippon India Mutual Fund	₹49 Cr	−0.77 L	Jul '26
Nippon India Power & Infra Fund Nippon India Mutual Fund	₹26 Cr	held	Jul '26

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

0 added, 1 trimmed — net −76,820 shares (−5.3%)

Funds are sitting on: +4%; vs est. average cost
Held by funds: ₹76 Cr; 2 schemes · ≈ 1.3% of the company
Biggest holder: Nippon India Small Cap Fund; ₹49 Cr · 0.1% of that fund

Learn to analyse LCL

Guides on how to read this kind of business and the numbers that matter.