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 ₹ 17,653 Cr.
- Current Price ₹ 16,524
- High / Low ₹ 19,200 / 13,450
- Stock P/E 168
- Book Value ₹ 2,688
- Dividend Yield 0.18 %
- ROCE 4.58 %
- ROE 3.80 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 21.7%
Cons
- Stock is trading at 6.18 times its book value
- Company has a low return on equity of 10.5% over last 3 years.
- Earnings include an other income of Rs.253 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 500 BSE Capital Goods BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,242 | 2,385 | 2,753 | 2,213 | 2,559 | 2,636 | 1,570 | 1,690 | 3,072 | 4,533 | 4,597 | 2,909 | |
1,984 | 2,096 | 2,434 | 1,958 | 2,292 | 2,367 | 1,547 | 1,621 | 2,842 | 4,130 | 4,167 | 2,769 | |
Operating Profit | 258 | 288 | 319 | 256 | 266 | 269 | 24 | 69 | 229 | 404 | 430 | 141 |
OPM % | 12% | 12% | 12% | 12% | 10% | 10% | 2% | 4% | 7% | 9% | 9% | 5% |
107 | 97 | 93 | 86 | 104 | 69 | 92 | 57 | 64 | 155 | 142 | 253 | |
Interest | 2 | 1 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 103 | 96 | 83 | 75 | 71 | 50 | 50 | 52 | 56 | 73 | 92 | 107 |
Profit before tax | 261 | 288 | 328 | 266 | 299 | 287 | 64 | 74 | 237 | 485 | 480 | 287 |
Tax % | 30% | 28% | 33% | 28% | 29% | 34% | 30% | 36% | 24% | 28% | 23% | 17% |
184 | 207 | 220 | 191 | 211 | 189 | 45 | 47 | 180 | 350 | 371 | 238 | |
EPS in Rs | 163.04 | 184.13 | 195.38 | 173.98 | 192.98 | 177.18 | 42.12 | 44.43 | 168.19 | 327.82 | 347.64 | 223.01 |
Dividend Payout % | 18% | 20% | 20% | 20% | 21% | 20% | 24% | 22% | 24% | 30% | 22% | 13% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | 13% |
3 Years: | -2% |
TTM: | -37% |
Compounded Profit Growth | |
---|---|
10 Years: | -7% |
5 Years: | 22% |
3 Years: | -17% |
TTM: | -70% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 43% |
3 Years: | 21% |
1 Year: | 3% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 9% |
3 Years: | 11% |
Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
Reserves | 1,093 | 1,249 | 1,492 | 1,527 | 1,711 | 1,680 | 1,646 | 1,770 | 1,975 | 2,289 | 2,652 | 2,861 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
918 | 911 | 805 | 774 | 832 | 736 | 685 | 962 | 1,637 | 1,764 | 1,322 | 1,205 | |
Total Liabilities | 2,023 | 2,172 | 2,308 | 2,312 | 2,554 | 2,427 | 2,342 | 2,742 | 3,622 | 4,064 | 3,984 | 4,077 |
383 | 374 | 401 | 462 | 515 | 648 | 664 | 659 | 681 | 863 | 930 | 951 | |
CWIP | 3 | 3 | 8 | 3 | 21 | 12 | 30 | 11 | 5 | 23 | 9 | 4 |
Investments | 129 | 129 | 153 | 126 | 148 | 189 | 201 | 351 | 521 | 581 | 706 | 901 |
1,508 | 1,666 | 1,747 | 1,720 | 1,869 | 1,577 | 1,447 | 1,722 | 2,414 | 2,598 | 2,339 | 2,221 | |
Total Assets | 2,023 | 2,172 | 2,308 | 2,312 | 2,554 | 2,427 | 2,342 | 2,742 | 3,622 | 4,064 | 3,984 | 4,077 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
125 | 103 | 100 | 132 | 165 | 125 | 86 | 156 | 477 | 324 | 140 | 26 | |
-94 | -41 | -66 | 68 | -20 | 30 | -70 | -144 | -445 | -245 | -61 | 68 | |
-27 | -40 | -52 | -195 | -47 | -215 | -45 | -11 | -11 | -43 | -105 | -80 | |
Net Cash Flow | 3 | 22 | -18 | 5 | 98 | -61 | -29 | 1 | 21 | 36 | -26 | 14 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 30 | 34 | 28 | 32 | 37 | 28 | 28 | 40 | 38 | 25 | 14 | 24 |
Inventory Days | 73 | 72 | 63 | 93 | 71 | 72 | 107 | 114 | 92 | 81 | 69 | 107 |
Days Payable | 76 | 77 | 62 | 92 | 97 | 89 | 133 | 153 | 106 | 91 | 70 | 111 |
Cash Conversion Cycle | 27 | 29 | 28 | 33 | 11 | 11 | 2 | 1 | 25 | 14 | 14 | 21 |
Working Capital Days | -14 | -14 | -2 | -3 | -7 | -6 | -11 | -24 | -16 | -16 | -8 | -10 |
ROCE % | 24% | 25% | 24% | 17% | 18% | 18% | 3% | 5% | 13% | 21% | 18% | 5% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - Certificate confirming compliance with SEBI dematerialisation regulations for Q1 FY2025.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
1d - LMW fined Rs.5.88 lakh for GST invoice discrepancy; company to appeal, no material financial impact.
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
2 Jul - LMW completed acquisition of additional shares, retaining 100% ownership of LMW Holding Limited.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
30 Jun - Scheduled virtual analyst/investor meeting on July 18, 2025, with access details provided.
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Board Meeting Intimation for Consideration Of Unaudited Financial Results Of The Company For The Quarter Ended 30Th June 2025.
30 Jun - Board meeting on 17 July to approve Q1 June 2025 results; trading window closed 1-19 July.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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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Concalls
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May 2025TranscriptPPT
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Jan 2025TranscriptPPT
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Nov 2024TranscriptPPT
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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 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.