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 ₹ 16,885 Cr.
- Current Price ₹ 15,806
- High / Low ₹ 19,200 / 13,450
- Stock P/E 163
- Book Value ₹ 2,600
- Dividend Yield 0.19 %
- ROCE 4.48 %
- ROE 3.04 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 26.7%
Cons
- Stock is trading at 6.11 times its book value
- Company has a low return on equity of 10.7% over last 3 years.
- Earnings include an other income of Rs.131 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,338 | 2,488 | 2,863 | 2,499 | 2,643 | 2,712 | 1,574 | 1,727 | 3,171 | 4,719 | 4,696 | 3,012 | 3,033 | |
2,065 | 2,177 | 2,525 | 2,240 | 2,367 | 2,438 | 1,563 | 1,657 | 2,924 | 4,269 | 4,261 | 2,870 | 2,893 | |
Operating Profit | 273 | 311 | 338 | 259 | 276 | 274 | 11 | 71 | 247 | 450 | 435 | 142 | 140 |
OPM % | 12% | 12% | 12% | 10% | 10% | 10% | 1% | 4% | 8% | 10% | 9% | 5% | 5% |
102 | 91 | 88 | 84 | 103 | 65 | 92 | 56 | 51 | 147 | 143 | 122 | 131 | |
Interest | 2 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 104 | 100 | 88 | 80 | 76 | 55 | 55 | 56 | 60 | 78 | 96 | 113 | 116 |
Profit before tax | 268 | 301 | 337 | 262 | 302 | 283 | 47 | 71 | 238 | 519 | 482 | 151 | 155 |
Tax % | 30% | 27% | 33% | 29% | 29% | 34% | 41% | 37% | 24% | 26% | 22% | 32% | |
189 | 220 | 227 | 186 | 215 | 185 | 28 | 45 | 181 | 384 | 374 | 103 | 103 | |
EPS in Rs | 167.81 | 194.97 | 201.78 | 170.15 | 195.92 | 173.53 | 25.99 | 41.75 | 169.47 | 359.47 | 349.77 | 96.05 | 96.47 |
Dividend Payout % | 18% | 19% | 20% | 21% | 20% | 20% | 38% | 24% | 24% | 27% | 21% | 31% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | 14% |
3 Years: | -2% |
TTM: | -27% |
Compounded Profit Growth | |
---|---|
10 Years: | -9% |
5 Years: | 27% |
3 Years: | -25% |
TTM: | -64% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 41% |
3 Years: | 16% |
1 Year: | 2% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 9% |
3 Years: | 11% |
Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 1,097 | 1,271 | 1,523 | 1,547 | 1,736 | 1,700 | 1,650 | 1,770 | 1,980 | 2,328 | 2,693 | 2,767 |
0 | 0 | 0 | 0 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | |
960 | 956 | 863 | 808 | 885 | 743 | 686 | 977 | 1,656 | 1,752 | 1,328 | 1,230 | |
Total Liabilities | 2,068 | 2,237 | 2,397 | 2,367 | 2,635 | 2,457 | 2,346 | 2,758 | 3,646 | 4,090 | 4,031 | 4,008 |
393 | 439 | 464 | 520 | 570 | 699 | 711 | 701 | 721 | 903 | 972 | 990 | |
CWIP | 36 | 6 | 8 | 6 | 21 | 12 | 30 | 11 | 6 | 24 | 9 | 4 |
Investments | 64 | 64 | 88 | 61 | 83 | 124 | 136 | 286 | 448 | 508 | 641 | 701 |
1,576 | 1,729 | 1,838 | 1,780 | 1,961 | 1,621 | 1,470 | 1,760 | 2,471 | 2,654 | 2,409 | 2,312 | |
Total Assets | 2,068 | 2,237 | 2,397 | 2,367 | 2,635 | 2,457 | 2,346 | 2,758 | 3,646 | 4,090 | 4,031 | 4,008 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
151 | 131 | 81 | 137 | 211 | 99 | 74 | 157 | 485 | 364 | 141 | 29 | |
-114 | -54 | -64 | 68 | -23 | 29 | -70 | -144 | -448 | -242 | -74 | 73 | |
-27 | -40 | -52 | -195 | -44 | -215 | -49 | -11 | -11 | -43 | -105 | -80 | |
Net Cash Flow | 10 | 36 | -35 | 9 | 144 | -88 | -45 | 2 | 26 | 79 | -39 | 22 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 24 | 30 | 30 | 28 | 34 | 26 | 25 | 38 | 37 | 18 | 10 | 21 |
Inventory Days | 85 | 78 | 69 | 85 | 78 | 74 | 112 | 120 | 94 | 85 | 76 | 113 |
Days Payable | 80 | 81 | 68 | 80 | 97 | 85 | 129 | 150 | 100 | 81 | 65 | 103 |
Cash Conversion Cycle | 29 | 28 | 31 | 32 | 15 | 15 | 8 | 7 | 31 | 22 | 21 | 31 |
Working Capital Days | -15 | -15 | -8 | -3 | -10 | -5 | -10 | -23 | -16 | -16 | -7 | -9 |
ROCE % | 25% | 26% | 24% | 16% | 18% | 18% | 2% | 5% | 14% | 22% | 18% | 4% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2d - LMW Q1 FY26: Revenue Rs 685 Cr (+4%), PBT Rs 32.5 Cr; challenges in textile machinery, steady order book Rs 2800 Cr.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Advertisement regarding Notice of Special Window for Re-lodgement of Transfer Requests of Physical Shares.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
19 Jul - LMW to unveil advanced Turn-Mill, Machining Centers, and automation at EMO Hannover 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
19 Jul - Audio recording link of 18 July 2025 analyst conference call available on company website.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
18 Jul - LMW's 62nd AGM approved financials, dividend, director reappointment, auditors, and related party transactions.
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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Jul 2025TranscriptPPT
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May 2025TranscriptPPT
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Jan 2025TranscriptPPT
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Nov 2024TranscriptPPT
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Aug 2024TranscriptPPT
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May 2024TranscriptPPT
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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 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.