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 ₹ 17,877 Cr.
- Current Price ₹ 16,734
- High / Low ₹ 17,794 / 10,430
- Stock P/E 44.5
- Book Value ₹ 2,373
- Dividend Yield 0.59 %
- 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 7.05 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | 23% |
3 Years: | 40% |
1 Year: | 59% |
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% |
Documents
Announcements
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 12 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 12 Apr
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Compliance Of Regulation 40(9) Of SEBI (LODR) Regulations, 2015
11 Apr - Certificate as received from PCS for the Year ended 31st March 2024
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 10 Apr
- Clarification From BSE Limited Regarding Delay In Submission Of Proceedings Of General Meetings 8 Apr
Annual reports
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Financial Year 2023
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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