Lakshmi Machine Works Ltd
Lakshmi Machine Works Ltd is a leading Textile Machinery Manufacturer in India engaged in the manufacturing and selling of textile spinning machinery, CNC Machine Tools, Heavy castings, and parts and components catering to diverse sectors.[1]
- Market Cap ₹ 16,233 Cr.
- Current Price ₹ 15,192
- High / Low ₹ 16,667 / 9,031
- Stock P/E 41.6
- Book Value ₹ 2,340
- Dividend Yield 0.65 %
- ROCE 20.9 %
- ROE 15.1 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 25.4%
- Debtor days have improved from 34.4 to 24.8 days.
Cons
- Stock is trading at 6.49 times its book value
- Company has a low return on equity of 9.78% over last 3 years.
- Earnings include an other income of Rs.155 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Engineering Industry: Textile Machinery
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,113 | 1,917 | 2,242 | 2,385 | 2,753 | 2,213 | 2,559 | 2,636 | 1,570 | 1,690 | 3,072 | 4,533 | 4,862 | |
1,855 | 1,706 | 1,984 | 2,096 | 2,434 | 1,958 | 2,292 | 2,367 | 1,547 | 1,621 | 2,842 | 4,130 | 4,401 | |
Operating Profit | 258 | 211 | 258 | 288 | 319 | 256 | 266 | 269 | 24 | 69 | 229 | 404 | 462 |
OPM % | 12% | 11% | 12% | 12% | 12% | 12% | 10% | 10% | 2% | 4% | 7% | 9% | 9% |
84 | 79 | 107 | 97 | 93 | 86 | 104 | 69 | 92 | 57 | 64 | 155 | 155 | |
Interest | 5 | 1 | 2 | 1 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | -0 | 1 |
Depreciation | 114 | 118 | 103 | 96 | 83 | 75 | 71 | 50 | 50 | 52 | 56 | 73 | 87 |
Profit before tax | 223 | 171 | 261 | 288 | 328 | 266 | 299 | 287 | 64 | 74 | 237 | 485 | 528 |
Tax % | 39% | 31% | 30% | 28% | 33% | 28% | 29% | 34% | 30% | 36% | 24% | 28% | |
137 | 117 | 184 | 207 | 220 | 191 | 211 | 189 | 45 | 47 | 180 | 350 | 391 | |
EPS in Rs | 121.62 | 104.27 | 163.04 | 184.13 | 195.38 | 173.98 | 192.98 | 177.18 | 42.12 | 44.43 | 168.19 | 327.83 | 365.57 |
Dividend Payout % | 41% | 19% | 18% | 20% | 20% | 20% | 21% | 20% | 24% | 22% | 24% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 12% |
3 Years: | 42% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 9% |
3 Years: | 102% |
TTM: | 13% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 20% |
3 Years: | 31% |
1 Year: | 51% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 9% |
3 Years: | 10% |
Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
Reserves | 887 | 949 | 1,093 | 1,249 | 1,492 | 1,527 | 1,711 | 1,680 | 1,646 | 1,770 | 1,975 | 2,289 | 2,489 |
-0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | |
985 | 835 | 918 | 911 | 805 | 774 | 832 | 736 | 685 | 962 | 1,637 | 1,764 | 1,720 | |
Total Liabilities | 1,883 | 1,795 | 2,023 | 2,172 | 2,308 | 2,312 | 2,554 | 2,427 | 2,342 | 2,742 | 3,622 | 4,064 | 4,220 |
498 | 437 | 383 | 374 | 401 | 462 | 515 | 648 | 664 | 659 | 681 | 863 | 877 | |
CWIP | 10 | 13 | 3 | 3 | 8 | 3 | 21 | 12 | 30 | 11 | 5 | 23 | 16 |
Investments | 154 | 104 | 129 | 129 | 153 | 126 | 148 | 189 | 201 | 351 | 521 | 581 | 691 |
1,221 | 1,241 | 1,508 | 1,666 | 1,747 | 1,720 | 1,869 | 1,577 | 1,447 | 1,722 | 2,414 | 2,598 | 2,636 | |
Total Assets | 1,883 | 1,795 | 2,023 | 2,172 | 2,308 | 2,312 | 2,554 | 2,427 | 2,342 | 2,742 | 3,622 | 4,064 | 4,220 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
181 | 98 | 125 | 103 | 100 | 132 | 165 | 125 | 86 | 156 | 477 | 324 | |
-146 | -34 | -94 | -41 | -66 | 68 | -20 | 30 | -70 | -144 | -445 | -245 | |
-39 | -65 | -27 | -40 | -52 | -195 | -47 | -215 | -45 | -11 | -11 | -43 | |
Net Cash Flow | -4 | -2 | 3 | 22 | -18 | 5 | 98 | -61 | -29 | 1 | 21 | 36 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 22 | 23 | 30 | 34 | 28 | 32 | 37 | 28 | 28 | 40 | 38 | 25 |
Inventory Days | 60 | 70 | 73 | 72 | 63 | 93 | 71 | 72 | 107 | 114 | 92 | 81 |
Days Payable | 73 | 79 | 76 | 77 | 62 | 92 | 97 | 89 | 133 | 153 | 106 | 91 |
Cash Conversion Cycle | 9 | 14 | 27 | 29 | 28 | 33 | 11 | 11 | 2 | 1 | 25 | 14 |
Working Capital Days | -37 | -23 | -14 | -14 | -2 | -3 | -7 | -6 | -11 | -24 | -16 | -16 |
ROCE % | 26% | 18% | 24% | 25% | 24% | 17% | 18% | 18% | 3% | 5% | 13% | 21% |
Documents
Announcements
- Submission Of Reply For Clarification On Increase In The Volume Of Security. 6h
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Clarification sought from Lakshmi Machine Works Ltd
6h - Exchange has sought clarification from Lakshmi Machine Works Ltd on March 28, 2024, with reference to Movement in Volume.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 25 Mar
- Closure of Trading Window 25 Mar
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
16 Feb - In continuation to our communication dated 06th February 2024, please find the attached transcript of the analyst/ Investor meeting held on 13th February 2024.
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2024TranscriptPPT
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Oct 2023TranscriptPPT
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Aug 2023TranscriptPPT
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May 2023TranscriptPPT
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Feb 2023TranscriptPPT
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Oct 2022TranscriptPPT
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Aug 2022TranscriptPPT
Business segments FY21