Lokesh Machines Ltd

₹ 343 -5.88%

23 Oct - close price

lokeshmachines.com BSE: 532740 NSE: LOKESHMACH

About

Incorporated in 1983, Lokesh Machines manufactures Special Purpose Machines, General Purpose Machines /CNC Lathes, Connecting Rods and machining of Cylinder Blocks and Heads^[1]

Key Points

Business Overview:^[1]^[2]^[3]
LML is an IATF 16949, ISO 14000, AS9100 Certified by M/s TUV Nord and M/s TUV SUD America. Machine tools manufacturing takes 8-10 months and component manufacturing takes 2 months. It specializes in production of Finish Cam & Crank Boring, Finish Barrel Boring, and Finish Joint Faces Milling machines, and is an exporter of CNC machines Additionally, it offers niche products for the non-automotive sectors

Website BSE NSE

Market Cap ₹ 749 Cr.
Current Price ₹ 343
High / Low ₹ 488 / 138
Stock P/E 170
Book Value ₹ 114
Dividend Yield 0.00 %
ROCE 6.38 %
ROE 1.76 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 3.00 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Promoter holding has decreased over last quarter: -1.16%
The company has delivered a poor sales growth of 6.80% over past five years.
Company has a low return on equity of 3.03% over last 3 years.
Debtor days have increased from 82.0 to 121 days.
Working capital days have increased from 85.4 days to 130 days

* 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

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	50.30	76.42	86.49	80.34	62.53	75.32	51.79	38.69	48.05	50.43	50.73	59.36	55.46
	44.58	66.61	73.55	68.49	54.49	63.18	50.81	31.37	39.44	40.82	41.21	48.86	45.86
Operating Profit	5.72	9.81	12.94	11.85	8.04	12.14	0.98	7.32	8.61	9.61	9.52	10.50	9.60
OPM %	11.37%	12.84%	14.96%	14.75%	12.86%	16.12%	1.89%	18.92%	17.92%	19.06%	18.77%	17.69%	17.31%
	0.40	0.27	0.36	0.65	0.50	0.20	0.32	0.46	0.28	0.21	0.16	0.41	0.32
Interest	2.64	2.98	2.90	2.96	3.69	3.79	3.83	3.88	4.40	5.01	4.75	4.22	4.65
Depreciation	2.39	2.40	2.73	2.45	3.31	3.35	3.63	3.58	3.77	3.91	4.00	3.93	3.86
Profit before tax	1.09	4.70	7.67	7.09	1.54	5.20	-6.16	0.32	0.72	0.90	0.93	2.76	1.41
Tax %	30.28%	30.00%	33.51%	33.85%	33.12%	33.65%	-33.44%	59.38%	36.11%	30.00%	33.33%	22.10%	28.37%
	0.76	3.29	5.11	4.69	1.03	3.45	-4.10	0.13	0.46	0.63	0.63	2.15	1.01
EPS in Rs	0.42	1.84	2.86	2.54	0.56	1.87	-2.14	0.07	0.23	0.32	0.32	1.08	0.47
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Profit & Loss

Figures in Rs. Crores

	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
	118	121	132	175	190	126	150	201	239	293	228	209	216
	91	107	104	146	159	113	125	171	211	253	200	170	177
Operating Profit	27	14	28	29	31	12	25	30	29	40	28	38	39
OPM %	23%	12%	21%	16%	16%	10%	17%	15%	12%	14%	12%	18%	18%
	3	12	0	1	1	0	1	1	6	2	1	1	1
Interest	18	15	17	14	13	12	12	12	11	11	15	18	19
Depreciation	9	7	8	8	9	9	8	9	9	10	14	16	16
Profit before tax	3	4	3	7	10	-8	5	9	15	21	1	5	6
Tax %	71%	39%	36%	34%	34%	-42%	27%	32%	33%	33%	39%	27%
	1	2	2	5	7	-5	4	6	10	14	1	4	4
EPS in Rs	0.64	1.45	1.24	2.63	3.78	-2.61	2.21	3.55	5.40	7.49	0.28	1.93	2.19
Dividend Payout %	79%	34%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	6%
5 Years:	7%
3 Years:	-4%
TTM:	1%

Compounded Profit Growth
10 Years:	6%
5 Years:	-1%
3 Years:	-23%
TTM:	7467%

Stock Price CAGR
10 Years:	15%
5 Years:	47%
3 Years:	15%
1 Year:	78%

Return on Equity
10 Years:	3%
5 Years:	4%
3 Years:	3%
Last Year:	2%

Balance Sheet

Figures in Rs. Crores

	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	12	15	17	18	18	18	18	18	18	18	19	20
Reserves	91	100	112	120	126	121	125	131	141	177	193	208
	116	112	97	84	77	79	87	87	88	118	134	169
	67	70	69	58	67	60	57	58	79	77	81	98
Total Liabilities	286	297	295	280	288	278	287	294	326	391	428	496
	78	99	86	109	102	100	116	117	122	171	204	203
CWIP	41	29	41	19	25	26	4	7	16	16	7	10
Investments	8	6	2	2	2	2	2	2	1	1	1	1
	159	164	167	151	160	151	164	169	187	202	216	281
Total Assets	286	297	295	280	288	278	287	294	326	391	428	496

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	24	17	21	30	31	11	9	23	32	17	21	-13
	7	-12	-7	-5	-10	-2	-4	-11	-22	-60	-37	-16
	-22	-14	-15	-24	-21	-9	-5	-12	-10	42	16	29
Net Cash Flow	8	-9	-0	1	-0	-0	-0	-0	0	-0	-0	0
Free Cash Flow	30	3	11	25	22	8	8	11	8	-42	-16	-29
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	94%	126%	81%	109%	106%	117%	39%	81%	121%	48%	87%	-34%

Ratios

	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	65	89	73	52	74	84	97	80	62	60	65	121
Inventory Days	623	537	544	376	356	602	500	329	300	256	428	680
Days Payable	192	176	166	108	138	169	135	93	79	80	113	217
Cash Conversion Cycle	496	450	451	319	291	518	462	316	283	237	379	584
Working Capital Days	-31	12	32	24	33	60	94	78	52	58	68	130
ROCE %	9%	9%	9%	9%	10%	2%	8%	9%	10%	11%	5%	6%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

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Auto Components and Defence Division Revenue
Rs Crore

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Machine Tools Division Revenue
Rs Crore

Total Staff Strength
Number of Employees

Total Order Book
Rs Crore

Installed Capacity - General Purpose Machines (GPM)
units/year

Overall Capacity Utilization
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	52.40%	50.76%	50.76%	50.76%	51.75%	52.19%	53.16%	53.60%	53.60%	53.60%	50.33%	49.17%
	0.57%	0.27%	0.21%	0.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.23%
	47.02%	48.98%	49.04%	49.06%	48.27%	47.81%	46.83%	46.41%	46.40%	46.40%	49.67%	50.61%
No. of Shareholders	18,739	18,838	22,493	22,150	25,569	25,710	24,927	25,329	24,430	23,308	21,894	20,694

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	53.66%	50.24%	49.91%	50.36%	50.36%	52.75%	53.05%	50.76%	52.19%	53.60%	49.17%
	0.69%	0.00%	0.00%	0.00%	0.00%	0.36%	0.49%	0.27%	0.00%	0.00%	0.23%
	2.17%	2.45%	2.08%	2.07%	2.07%	2.06%	0.00%	0.00%	0.00%	0.00%	0.00%
	43.48%	47.31%	48.01%	47.57%	47.58%	44.82%	46.46%	48.98%	47.81%	46.40%	50.61%
No. of Shareholders	10,113	13,335	12,433	11,803	11,226	14,597	16,673	18,838	25,710	23,308	20,694

* 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.

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Lokesh Machines Ltd

Lokesh Machines Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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