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ISIN No
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INE850E01012
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BSE Code / NSE Code
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/
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Book Value (Rs.)
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188.38
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Face Value
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10.00
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Bookclosure
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22/08/2024
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52Week High
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372
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EPS
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34.59
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P/E
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5.60
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Market Cap.
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58.12 Cr.
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52Week Low
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154
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P/BV / Div Yield (%)
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1.03 / 2.06
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Market Lot
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1.00
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Security Type
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Other
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The company history sections lists out major chronological events that happened to the company.
| Lakshmi Finance & Industrial Corporation Ltd. was formerly known as "The Andhra Bank Ltd."
Consequent to nationalization of the Andhra Bank on 15.04.1980, the Company's name was changed to Lakshmi Finance & Industrial Corporation Limited and since then the Company was involved in Financial activities (Leasing, Hire Purchase, Bill discounting, Corporate Finance etc.,) and for some time (i.e. 1988 to 2002) in the manufacturing field (Manufacturers of PET containers and Injection Moulded Components). Since the market conditions became less attractive and also there were no suitable borrowers for money lending for NBFC activities from 1995 onwards, because of various scams that shocked the financial markets and consequent regulatory requirements affected the Company's NBFC operations, on account of which the market environment was not conducive for NBFC activities. Hence, for the past few years, the Company was mainly carrying on the business of investments in Equity shares and mutual funds. Further, the major portion of the funds are in the nature of investments either in the shares or mutual funds.
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