LMW 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 ₹ 17,157 Cr.
- Current Price ₹ 16,060
- High / Low ₹ 20,151 / 11,729
- Stock P/E 83.5
- Book Value ₹ 2,781
- Dividend Yield 0.22 %
- ROCE 6.34 %
- ROE 4.71 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 19.8%
Cons
- Stock is trading at 5.78 times its book value
- Company has a low return on equity of 7.27% over last 3 years.
- Earnings include an other income of Rs.127 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE Industrials BSE 1000 BSE India Defence
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,385 | 2,753 | 2,213 | 2,559 | 2,636 | 1,570 | 1,690 | 3,072 | 4,533 | 4,597 | 2,909 | 3,082 | 3,250 | |
| 2,096 | 2,434 | 1,958 | 2,292 | 2,367 | 1,547 | 1,621 | 2,842 | 4,130 | 4,167 | 2,769 | 2,885 | 3,004 | |
| Operating Profit | 288 | 319 | 256 | 266 | 269 | 24 | 69 | 229 | 404 | 430 | 141 | 196 | 246 |
| OPM % | 12% | 12% | 12% | 10% | 10% | 1.5% | 4.1% | 7% | 9% | 9% | 4.8% | 6% | 8% |
| 97 | 93 | 86 | 104 | 69 | 92 | 57 | 64 | 155 | 142 | 253 | 126 | 127 | |
| Interest | 1 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 96 | 83 | 75 | 71 | 50 | 50 | 52 | 56 | 73 | 92 | 107 | 114 | 115 |
| Profit before tax | 288 | 328 | 266 | 299 | 287 | 64 | 74 | 237 | 485 | 480 | 287 | 208 | 258 |
| Tax % | 28% | 33% | 28% | 29% | 34% | 30% | 36% | 24% | 28% | 23% | 17% | 26% | |
| 207 | 220 | 191 | 211 | 189 | 45 | 47 | 180 | 350 | 371 | 238 | 154 | 195 | |
| EPS in Rs | 184.13 | 195.38 | 173.98 | 192.98 | 177.18 | 42.12 | 44.43 | 168.19 | 327.82 | 347.64 | 223.01 | 144.08 | 182.96 |
| Dividend Payout % | 20% | 20% | 20% | 21% | 20% | 24% | 22% | 24% | 30% | 22% | 13% | 24% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 13% |
| 3 Years: | -12% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | 21% |
| 3 Years: | -25% |
| TTM: | 51% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 12% |
| 3 Years: | 5% |
| 1 Year: | 4% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 9% |
| 3 Years: | 7% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 1,249 | 1,492 | 1,527 | 1,711 | 1,680 | 1,646 | 1,770 | 1,975 | 2,289 | 2,652 | 2,861 | 2,960 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 911 | 805 | 774 | 832 | 736 | 685 | 962 | 1,637 | 1,764 | 1,322 | 1,205 | 1,303 | |
| Total Liabilities | 2,172 | 2,308 | 2,312 | 2,554 | 2,427 | 2,342 | 2,742 | 3,622 | 4,064 | 3,984 | 4,077 | 4,274 |
| 374 | 401 | 462 | 515 | 648 | 664 | 659 | 681 | 863 | 930 | 951 | 908 | |
| CWIP | 3 | 8 | 3 | 21 | 12 | 30 | 11 | 5 | 23 | 9 | 4 | 1 |
| Investments | 129 | 153 | 126 | 148 | 189 | 201 | 351 | 521 | 581 | 706 | 901 | 1,075 |
| 1,666 | 1,747 | 1,720 | 1,869 | 1,577 | 1,447 | 1,722 | 2,414 | 2,598 | 2,339 | 2,221 | 2,291 | |
| Total Assets | 2,172 | 2,308 | 2,312 | 2,554 | 2,427 | 2,342 | 2,742 | 3,622 | 4,064 | 3,984 | 4,077 | 4,274 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 103 | 100 | 132 | 165 | 125 | 86 | 156 | 477 | 324 | 140 | 26 | 154 | |
| -41 | -66 | 68 | -20 | 30 | -70 | -144 | -445 | -245 | -61 | 68 | -63 | |
| -40 | -52 | -195 | -47 | -215 | -45 | -11 | -11 | -43 | -105 | -80 | -32 | |
| Net Cash Flow | 22 | -18 | 5 | 98 | -61 | -29 | 1 | 21 | 36 | -26 | 14 | 59 |
| Free Cash Flow | 16 | -13 | 15 | 38 | -46 | 11 | 135 | 405 | 75 | -4 | -96 | 101 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 67% | 67% | 86% | 92% | 73% | 495% | 282% | 237% | 93% | 60% | 31% | 110% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 34 | 28 | 32 | 37 | 28 | 28 | 40 | 38 | 25 | 14 | 24 | 33 |
| Inventory Days | 72 | 63 | 93 | 71 | 72 | 107 | 114 | 92 | 81 | 69 | 107 | 102 |
| Days Payable | 77 | 62 | 92 | 97 | 89 | 133 | 153 | 106 | 91 | 70 | 111 | 118 |
| Cash Conversion Cycle | 29 | 28 | 33 | 11 | 11 | 2 | 1 | 25 | 14 | 14 | 21 | 17 |
| Working Capital Days | -14 | -2 | -3 | -7 | -6 | -11 | -24 | -16 | -16 | -8 | -10 | -8 |
| ROCE % | 25% | 24% | 17% | 18% | 18% | 3% | 5% | 13% | 21% | 18% | 5% | 6% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| MTD CNC Machines Sold Number |
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| TMD Machines Sold Number |
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| TMD Active Order Book INR Crores |
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| ATC Order Book INR Crores |
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| Foundry Share of MTD and Foundry Revenue Percentage |
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| TMD Spares as % of TMD Sales Percentage |
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| MTD Capacity Utilization Percentage |
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| TMD Capacity Utilization Percentage |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Regulation 74(5) compliance certificate filed for quarter ended 30 September 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Disclosure under Regulation 30 of the SEBI(LODR) Regulations, 2015- Newspaper Advertisement Copies
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, please find the schedule for the Analyst/Investor Meet.
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Board Meeting Intimation for Consideration Of Unaudited Financial Results Of The Company For The Quarter And Half Year Ended 30Th September 2026.
- Board to meet on 21 Oct 2026 for Q2 and half-year unaudited results; trading window closed until 23 Oct.
- Closure of Trading Window
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Jul 2026Transcript REC
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May 2026Transcript
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Feb 2026Transcript
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Nov 2025Transcript REC
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Jul 2025Transcript
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May 2025Transcript
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Jan 2025Transcript
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Nov 2024Transcript
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Aug 2024Transcript
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May 2024Transcript
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Feb 2024Transcript
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Oct 2023Transcript
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Aug 2023Transcript
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May 2023Transcript
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Feb 2023Transcript
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Oct 2022Transcript
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Aug 2022Transcript
Business Model [1]
Lakshmi Machine Works Limited (LMW) operates a diversified business model spanning multiple industrial sectors, primarily focusing on manufacturing high-quality, precision-engineered products.