Lakshmi Machine Works Ltd

Lakshmi Machine Works Ltd

₹ 15,192 0.45%
28 Mar - close price
About

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]

Key Points

Business segments FY21

  • 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
477 663 436 792 884 960 972 1,168 1,176 1,217 1,174 1,305 1,166
438 620 430 725 804 883 893 1,061 1,062 1,114 1,066 1,168 1,052
Operating Profit 39 43 6 67 79 77 79 107 114 102 109 137 114
OPM % 8% 6% 1% 8% 9% 8% 8% 9% 10% 8% 9% 10% 10%
21 11 2 16 23 24 24 44 34 53 35 34 32
Interest 0 0 -0 0 0 -0 -0 -0 -0 -0 0 0 1
Depreciation 13 13 13 14 14 14 15 17 20 21 22 23 22
Profit before tax 47 41 -6 69 88 86 88 134 129 135 122 149 123
Tax % 29% 38% -58% 32% 28% 9% 24% 30% 18% 37% 23% 22% 22%
33 25 -9 47 63 79 67 94 105 84 93 116 97
EPS in Rs 31.25 23.71 -8.65 43.82 59.42 73.60 62.54 88.11 98.25 78.92 87.26 108.93 90.46
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
31.11% 31.13% 31.13% 31.13% 31.13% 31.13% 31.13% 31.13% 31.13% 31.13% 31.13% 31.13%
3.21% 3.65% 3.81% 4.17% 4.24% 4.29% 4.71% 4.90% 5.07% 5.04% 4.93% 4.97%
12.53% 12.46% 12.61% 12.17% 11.89% 11.89% 11.98% 12.03% 11.90% 10.96% 11.28% 11.28%
53.14% 52.76% 52.45% 52.53% 52.74% 52.69% 52.16% 51.93% 51.88% 52.86% 52.64% 52.60%
No. of Shareholders 35,41535,78633,39833,42835,24534,18133,48333,22333,06033,65433,94534,173

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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