Lokesh Machines Ltd

Lokesh Mach. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Lokesh Machines Ltd

₹ 443 -1.55%
26 Apr - close price
lokeshmachines.com BSE: 532740 NSE - BE : 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 - BE
  • Market Cap ₹ 820 Cr.
  • Current Price ₹ 443
  • High / Low ₹ 476 / 131
  • Stock P/E 67.7
  • Book Value ₹ 91.1
  • Dividend Yield 0.00 %
  • ROCE 9.83 %
  • ROE 5.63 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 79.8 to 62.3 days.

Cons

  • Stock is trading at 4.87 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -1.64%
  • Company has a low return on equity of 4.32% over last 3 years.

* 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

Sector: Capital Goods-Non Electrical Equipment Industry: Engineering

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
40.73 56.54 32.71 49.30 54.61 65.21 50.04 60.33 62.92 67.00 50.30 76.42 86.49
33.57 48.79 27.45 42.17 47.01 55.43 44.20 51.96 57.74 57.86 44.58 66.61 73.55
Operating Profit 7.16 7.75 5.26 7.13 7.60 9.78 5.84 8.37 5.18 9.14 5.72 9.81 12.94
OPM % 17.58% 13.71% 16.08% 14.46% 13.92% 15.00% 11.67% 13.87% 8.23% 13.64% 11.37% 12.84% 14.96%
0.10 1.00 0.19 0.18 0.15 0.30 0.21 0.13 4.84 0.62 0.40 0.27 0.36
Interest 3.05 3.51 3.10 2.88 2.95 3.28 2.86 2.87 2.52 2.49 2.64 2.98 2.90
Depreciation 2.08 2.11 2.15 2.20 2.18 2.49 2.19 2.19 2.36 2.35 2.39 2.40 2.73
Profit before tax 2.13 3.13 0.20 2.23 2.62 4.31 1.00 3.44 5.14 4.92 1.09 4.70 7.67
Tax % 28.17% 25.88% 30.00% 27.80% 27.86% 36.89% 28.00% 30.52% 29.96% 39.63% 30.28% 30.00% 33.51%
1.54 2.31 0.15 1.60 1.88 2.71 0.72 2.39 3.60 2.96 0.76 3.29 5.11
EPS in Rs 0.86 1.29 0.08 0.89 1.05 1.51 0.40 1.34 2.01 1.65 0.42 1.84 2.86
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
164 143 112 118 121 132 175 190 126 150 201 239 280
133 112 85 91 107 104 146 159 113 125 171 211 243
Operating Profit 31 32 27 27 14 28 29 31 12 25 30 29 38
OPM % 19% 22% 24% 23% 12% 21% 16% 16% 10% 17% 15% 12% 13%
5 0 2 3 12 0 1 1 0 1 1 6 2
Interest 15 21 19 18 15 17 14 13 12 12 12 11 11
Depreciation 8 10 9 9 7 8 8 9 9 8 9 9 10
Profit before tax 12 2 1 3 4 3 7 10 -8 5 9 15 18
Tax % 39% 29% 57% 71% 39% 36% 34% 34% 42% 27% 32% 33%
8 1 0 1 2 2 5 7 -5 4 6 10 12
EPS in Rs 6.45 0.90 0.39 0.64 1.45 1.24 2.63 3.78 -2.61 2.21 3.55 5.40 6.77
Dividend Payout % 8% 83% 128% 79% 34% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 6%
3 Years: 24%
TTM: 17%
Compounded Profit Growth
10 Years: 23%
5 Years: 14%
3 Years: 57%
TTM: 46%
Stock Price CAGR
10 Years: 32%
5 Years: 59%
3 Years: 109%
1 Year: 240%
Return on Equity
10 Years: 2%
5 Years: 3%
3 Years: 4%
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 12 12 12 12 15 17 18 18 18 18 18 18 18
Reserves 86 86 86 91 99 109 120 126 121 125 131 141 145
115 123 125 116 112 97 84 77 79 87 87 88 113
64 66 72 67 72 72 58 67 60 57 58 79 81
Total Liabilities 277 287 295 286 297 295 280 288 278 287 294 326 357
111 105 99 78 99 86 109 102 100 116 117 122 124
CWIP 12 25 35 41 29 41 19 25 26 4 7 16 38
Investments 8 8 8 8 6 2 2 2 2 2 2 1 1
145 149 154 159 164 167 151 160 151 164 169 187 194
Total Assets 277 287 295 286 297 295 280 288 278 287 294 326 357

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
25 27 30 24 17 21 30 31 11 9 23 32
-35 -17 -14 7 -12 -7 -5 -10 -2 -4 -11 -22
12 -11 -16 -22 -14 -15 -24 -21 -9 -5 -12 -10
Net Cash Flow 1 -1 0 8 -9 -0 1 -0 -0 -0 -0 0

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 67 71 76 65 89 73 52 74 84 97 80 62
Inventory Days 314 425 693 623 537 544 376 356 602 500 329 300
Days Payable 112 152 191 192 176 166 108 138 169 135 93 79
Cash Conversion Cycle 269 344 578 496 450 451 319 291 518 462 316 283
Working Capital Days 141 129 167 150 223 214 158 156 239 249 192 155
ROCE % 14% 10% 9% 9% 9% 9% 9% 10% 2% 8% 9% 10%

Shareholding Pattern

Numbers in percentages

7 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
50.36% 51.70% 52.24% 52.75% 53.01% 53.05% 53.05% 53.05% 52.40% 52.40% 52.40% 50.76%
0.00% 0.03% 0.00% 0.36% 0.16% 0.71% 0.06% 0.49% 0.49% 0.32% 0.57% 0.27%
2.07% 2.07% 2.07% 2.06% 2.07% 2.07% 2.07% 0.00% 0.00% 0.00% 0.00% 0.00%
47.58% 46.19% 45.69% 44.82% 44.77% 44.17% 44.82% 46.46% 47.11% 47.27% 47.02% 48.98%
No. of Shareholders 11,32111,97213,52214,59716,44216,57016,35616,67319,80018,78818,73918,838

* 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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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls

  • May 2023
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