LMW Ltd

LMW Ltd

₹ 15,278 2.67%
26 May - 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 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.

  • Market Cap 16,321 Cr.
  • Current Price 15,278
  • High / Low 17,700 / 11,729
  • Stock P/E 99.7
  • Book Value 2,781
  • Dividend Yield 0.20 %
  • ROCE 7.57 %
  • ROE 5.60 %
  • 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 5.49 times its book value
  • Company has a low return on equity of 7.59% over last 3 years.
  • Earnings include an other income of Rs.126 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,217 1,174 1,305 1,166 952 659 751 711 789 685 776 767 854
1,114 1,066 1,168 1,052 880 646 715 678 732 660 728 710 789
Operating Profit 102 109 137 114 72 13 35 33 57 26 49 57 65
OPM % 8% 9% 10% 10% 8% 2% 5% 5% 7% 4% 6% 7% 8%
53 35 34 32 40 29 30 163 34 35 39 17 35
Interest 0 0 0 1 0 0 0 0 0 0 0 0 0
Depreciation 21 22 23 22 25 25 27 27 28 28 29 29 29
Profit before tax 135 122 149 123 86 18 38 168 63 33 59 45 71
Tax % 37% 23% 22% 22% 25% 29% 25% 12% 22% 25% 24% 33% 24%
84 93 116 97 65 12 29 148 49 24 45 30 54
EPS in Rs 78.92 87.26 108.93 90.46 60.98 11.69 26.91 138.43 45.98 22.91 42.25 28.03 50.89
Raw PDF

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
2,385 2,753 2,213 2,559 2,636 1,570 1,690 3,072 4,533 4,597 2,909 3,082
2,096 2,434 1,958 2,292 2,367 1,547 1,621 2,842 4,130 4,167 2,769 2,886
Operating Profit 288 319 256 266 269 24 69 229 404 430 141 196
OPM % 12% 12% 12% 10% 10% 2% 4% 7% 9% 9% 5% 6%
97 93 86 104 69 92 57 64 155 142 253 126
Interest 1 1 0 1 1 0 0 0 0 0 0 0
Depreciation 96 83 75 71 50 50 52 56 73 92 107 114
Profit before tax 288 328 266 299 287 64 74 237 485 480 287 208
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
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
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: 6%
Compounded Profit Growth
10 Years: -3%
5 Years: 25%
3 Years: -20%
TTM: 56%
Stock Price CAGR
10 Years: 16%
5 Years: 19%
3 Years: 10%
1 Year: -13%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 8%
Last Year: 6%

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/OP 67% 67% 86% 92% 73% 495% 282% 237% 93% 60% 31% 111%

Ratios

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
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 32
ROCE % 25% 24% 17% 18% 18% 3% 5% 13% 21% 18% 5% 8%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Captive Wind Power Capacity
MW

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Foundry Division External Sales Volume
Tonnes
Renewable Energy Consumption Share
%
Captive Solar Power Capacity
MW
Machine Tool Division (MTD) Units Sold
Units
Textile Machinery Division (TMD) Units Sold
Units
ATC Order Book (Deliverable over 1.5 years)
INR Crores
Machine Tool Division (MTD) Capacity Utilization
%
MTD Revenue Mix - Machining Centers
%
MTD Revenue Mix - Turning Centers
%
Textile Machinery Division (TMD) Capacity Utilization
%
TMD Order Book
INR Crores
TMD Revenue Mix - Export
%
TMD Revenue Mix - Spares
%
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
31.13% 31.13% 31.13% 31.13% 31.13% 31.13% 31.13% 31.13% 30.80% 30.80% 30.80% 30.80%
5.04% 4.93% 4.97% 5.24% 5.48% 5.49% 5.63% 5.91% 5.81% 5.53% 5.47% 5.54%
10.96% 11.28% 11.28% 11.15% 10.90% 10.63% 10.16% 9.63% 9.85% 9.78% 9.77% 9.55%
52.86% 52.64% 52.60% 52.47% 52.49% 52.75% 53.06% 53.32% 53.52% 53.87% 53.95% 54.09%
No. of Shareholders 33,65433,94534,17332,76132,10731,60231,28330,90032,14032,24031,65231,201

* 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

Concalls