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 ₹ 18,019 Cr.
- Current Price ₹ 16,867
- High / Low ₹ 19,200 / 13,450
- Stock P/E 217
- Book Value ₹ 2,600
- Dividend Yield 0.17 %
- 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 6.47 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.122 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,338 | 2,488 | 2,863 | 2,499 | 2,643 | 2,712 | 1,574 | 1,727 | 3,171 | 4,719 | 4,696 | 3,012 | |
2,065 | 2,177 | 2,525 | 2,240 | 2,367 | 2,438 | 1,563 | 1,657 | 2,924 | 4,269 | 4,261 | 2,870 | |
Operating Profit | 273 | 311 | 338 | 259 | 276 | 274 | 11 | 71 | 247 | 450 | 435 | 142 |
OPM % | 12% | 12% | 12% | 10% | 10% | 10% | 1% | 4% | 8% | 10% | 9% | 5% |
102 | 91 | 88 | 84 | 103 | 65 | 92 | 56 | 51 | 147 | 143 | 122 | |
Interest | 2 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 104 | 100 | 88 | 80 | 76 | 55 | 55 | 56 | 60 | 78 | 96 | 113 |
Profit before tax | 268 | 301 | 337 | 262 | 302 | 283 | 47 | 71 | 238 | 519 | 482 | 151 |
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 | |
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 |
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: | -36% |
Compounded Profit Growth | |
---|---|
10 Years: | -9% |
5 Years: | 27% |
3 Years: | -25% |
TTM: | -76% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 43% |
3 Years: | 23% |
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
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Scheduled virtual analyst/investor meeting on July 18, 2025, with access details provided.
-
Board Meeting Intimation for Consideration Of Unaudited Financial Results Of The Company For The Quarter Ended 30Th June 2025.
1d - Board meeting on 17 July to approve Q1 June 2025 results; trading window closed 1-19 July.
- Closure of Trading Window 24 Jun
-
A Letter Was Sent To Members Providing A Web-Link Including The Exact Path Of The Annual Report 2024-25.
19 Jun - LMW shares Annual Report 2024-25 link; AGM on 17 July 2025 via VC; urges KYC updates.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Jun - Copies of the newspaper advertisement published by the Company regarding Notice of 62nd Annual General Meeting and E-Voting information.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Concalls
-
May 2025TranscriptPPT
-
Jan 2025TranscriptPPT
-
Nov 2024TranscriptPPT
-
Aug 2024TranscriptPPT
-
May 2024TranscriptPPT
-
Feb 2024TranscriptPPT
-
Oct 2023TranscriptPPT
-
Aug 2023TranscriptPPT
-
May 2023TranscriptPPT
-
Feb 2023TranscriptPPT
-
Oct 2022TranscriptPPT
-
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.