Lakshmi Machine Works Ltd

Lakshmi Machine Works Ltd

₹ 14,753 0.10%
23 Feb - 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 15,761 Cr.
  • Current Price 14,753
  • High / Low 15,501 / 9,031
  • Stock P/E 39.2
  • Book Value 2,373
  • Dividend Yield 0.67 %
  • ROCE 22.9 %
  • ROE 17.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 25.0%
  • Debtor days have improved from 30.9 to 18.0 days.

Cons

  • Stock is trading at 6.22 times its book value
  • Company has a low return on equity of 10.7% over last 3 years.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
479 684 458 803 912 998 983 1,212 1,222 1,303 1,191 1,320 1,214
438 640 450 737 829 908 897 1,092 1,096 1,185 1,082 1,184 1,096
Operating Profit 41 44 7 66 83 91 86 120 125 118 109 136 118
OPM % 8% 6% 2% 8% 9% 9% 9% 10% 10% 9% 9% 10% 10%
20 11 1 15 21 15 25 43 32 48 36 35 32
Interest 0 0 0 0 0 0 0 0 0 0 0 0 1
Depreciation 14 14 14 15 15 15 16 19 21 22 23 24 23
Profit before tax 47 42 -6 66 89 90 94 144 137 144 122 147 125
Tax % 29% 37% -55% 34% 27% 8% 23% 28% 17% 35% 23% 22% 21%
33 26 -10 44 64 83 73 104 113 94 94 115 99
EPS in Rs 31.13 24.38 -8.97 40.75 60.25 77.44 67.98 97.63 105.77 88.09 87.80 107.75 92.46
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
2,305 2,017 2,338 2,488 2,863 2,499 2,643 2,712 1,574 1,727 3,171 4,719 5,028
2,036 1,789 2,065 2,177 2,525 2,240 2,367 2,438 1,563 1,657 2,924 4,269 4,547
Operating Profit 269 228 273 311 338 259 276 274 11 71 247 450 481
OPM % 12% 11% 12% 12% 12% 10% 10% 10% 1% 4% 8% 10% 10%
84 76 102 91 88 84 103 65 92 56 51 147 151
Interest 6 1 2 1 1 0 1 1 1 0 0 0 1
Depreciation 120 119 104 100 88 80 76 55 55 56 60 78 92
Profit before tax 228 184 268 301 337 262 302 283 47 71 238 519 539
Tax % 39% 29% 30% 27% 33% 29% 29% 34% 41% 37% 24% 26%
139 130 189 220 227 186 215 185 28 45 181 384 402
EPS in Rs 123.22 115.02 167.81 194.97 201.78 170.15 195.92 173.53 25.99 41.75 169.47 359.47 376.10
Dividend Payout % 41% 17% 18% 19% 20% 21% 20% 20% 38% 24% 24% 27%
Compounded Sales Growth
10 Years: 9%
5 Years: 12%
3 Years: 44%
TTM: 14%
Compounded Profit Growth
10 Years: 11%
5 Years: 12%
3 Years: 144%
TTM: 8%
Stock Price CAGR
10 Years: 19%
5 Years: 21%
3 Years: 31%
1 Year: 39%
Return on Equity
10 Years: 12%
5 Years: 9%
3 Years: 11%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 873 945 1,097 1,271 1,523 1,547 1,736 1,700 1,650 1,770 1,980 2,328 2,525
0 0 0 0 0 0 3 3 0 0 0 0 0
1,070 883 960 956 863 808 885 743 686 977 1,656 1,752 1,778
Total Liabilities 1,954 1,839 2,068 2,237 2,397 2,367 2,635 2,457 2,346 2,758 3,646 4,090 4,314
552 442 393 439 464 520 570 699 711 701 721 903 918
CWIP 10 14 36 6 8 6 21 12 30 11 6 24 16
Investments 64 64 64 64 88 61 83 124 136 286 448 508 618
1,327 1,318 1,576 1,729 1,838 1,780 1,961 1,621 1,470 1,760 2,471 2,654 2,761
Total Assets 1,954 1,839 2,068 2,237 2,397 2,367 2,635 2,457 2,346 2,758 3,646 4,090 4,314

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
176 81 151 131 81 137 211 99 74 157 485 364
-148 -29 -114 -54 -64 68 -23 29 -70 -144 -448 -242
-40 -65 -27 -40 -52 -195 -44 -215 -49 -11 -11 -43
Net Cash Flow -11 -13 10 36 -35 9 144 -88 -45 2 26 79

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 24 22 24 30 30 28 34 26 25 38 37 18
Inventory Days 66 80 85 78 69 85 78 74 112 120 94 85
Days Payable 75 80 80 81 68 80 97 85 129 150 100 81
Cash Conversion Cycle 16 21 29 28 31 32 15 15 8 7 31 22
Working Capital Days -34 -22 -15 -15 -8 -3 -10 -5 -10 -23 -16 -16
ROCE % 27% 20% 25% 26% 24% 16% 18% 18% 2% 5% 14% 23%

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.

Documents

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