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Lakshmi Machine Work

₹16349 11 | 0.1%

Market Cap ₹17466 Cr.

Stock P/E 43.5

P/B 6.6

Current Price ₹16349

Book Value ₹ 2465.6

Face Value 10

52W High ₹17675

Dividend Yield 0.6%

52W Low ₹ 11080.6

Edit Ratio

Lakshmi Machine Work Research see more...

Overview Inc. Year: 1962Industry: Textile - Machinery

Lakshmi Machine Works Ltd is an totally India-based textile machinery manufacturer. The Company is engaged inside the manufacturing and selling of textile spinning machinery, computer numerical control device equipment, heavy castings and parts and components for aerospace enterprise. The Company caters to each domestic and international markets. The Company operates through four divisions: Machine Tool Division (MTD), Foundry Division (FDY), Textile Machinery Division (TMD) and Advanced Technology Centre (ATC). TMD department is engaged in the production of various textile spinning equipment globally. MTD department is involved in growing and turning in custom designed machining solutions. FDY department is engaged in making precision castings for global manufacturers internationally. ATC is concerned in production aerospace additives and assemblies for international players inside the sector. Its TMD department offers card sliver gadget, combing system, ring spinning machine, compact spinning system and other.

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Lakshmi Machine Work Share Price

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Peer Comparison

Lakshmi Machine Work Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 803 912 998 983 1212 1222 1303 1191 1320 1214
Other Income 15 21 15 25 43 32 48 36 35 32
Total Income 818 933 1013 1008 1255 1254 1351 1227 1355 1246
Total Expenditure 737 829 908 897 1092 1096 1185 1082 1184 1096
Operating Profit 81 104 106 111 163 158 166 145 171 150
Interest 0 0 0 0 0 0 0 0 0 1
Depreciation 15 15 15 16 19 21 22 23 24 23
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 66 89 90 94 144 137 144 122 147 125
Provision for Tax 22 24 7 22 40 24 50 29 32 27
Profit After Tax 44 64 83 73 104 113 94 94 115 99
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 44 64 83 73 104 113 94 94 115 99
Adjusted Earnings Per Share 40.7 60.3 77.4 68 97.7 105.8 88.1 87.8 107.8 92.5

Lakshmi Machine Work Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 2017 2338 2488 2646 2280 2581 2712 1574 1727 3171 4719 5028
Other Income 76 111 100 93 88 108 102 94 82 68 148 151
Total Income 2093 2448 2588 2739 2369 2689 2814 1668 1810 3239 4867 5179
Total Expenditure 1789 2065 2176 2308 2021 2306 2438 1563 1660 2924 4270 4547
Operating Profit 304 383 412 431 347 383 376 105 149 315 597 632
Interest 1 2 2 1 0 1 1 1 0 0 0 1
Depreciation 119 104 100 88 80 76 55 55 56 60 78 92
Exceptional Income / Expenses 0 -8 -9 -5 -5 -4 -37 -2 -22 -17 0 0
Profit Before Tax 184 268 301 337 262 302 283 47 71 238 519 538
Provision for Tax 54 79 81 110 76 88 97 19 27 57 135 138
Profit After Tax 130 189 220 227 186 215 185 28 45 181 384 402
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 130 189 220 227 186 215 185 28 45 181 384 402
Adjusted Earnings Per Share 115 167.8 195 201.8 170.1 195.9 173.5 26 41.7 169.5 359.5 376.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 49% 44% 13% 9%
Operating Profit CAGR 90% 78% 9% 7%
PAT CAGR 112% 139% 12% 11%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 47% 39% 24% 18%
ROE Average 18% 10% 8% 12%
ROCE Average 24% 14% 12% 17%

Lakshmi Machine Work Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 956 1108 1282 1534 1558 1747 1710 1660 1780 1990 2339
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 3 3 0 0 0 0
Other Non-Current Liabilities 247 226 125 88 87 85 46 83 159 450 383
Total Current Liabilities 636 734 821 1130 1139 1158 865 775 1008 1454 1479
Total Liabilities 1839 2068 2228 2753 2785 2992 2625 2518 2948 3895 4200
Fixed Assets 442 393 439 464 520 570 699 711 701 721 903
Other Non-Current Assets 111 122 96 193 225 308 490 349 414 1096 935
Total Current Assets 1286 1553 1693 2096 2040 2114 1435 1459 1832 2078 2362
Total Assets 1839 2068 2228 2753 2785 2992 2625 2518 2948 3895 4200

Lakshmi Machine Work Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 32 19 29 65 30 39 183 95 51 53 79
Cash Flow from Operating Activities 81 151 131 81 137 211 99 74 157 485 364
Cash Flow from Investing Activities -29 -114 -54 -64 68 -23 29 -70 -144 -448 -242
Cash Flow from Financing Activities -65 -27 -40 -52 -195 -44 -215 -49 -11 -11 -43
Net Cash Inflow / Outflow -13 10 36 -35 9 144 -88 -45 2 26 79
Closing Cash & Cash Equivalent 19 29 65 30 39 183 95 51 53 79 157

Lakshmi Machine Work Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 115.02 167.81 194.96 201.78 170.15 195.92 173.53 26 41.75 169.47 359.47
CEPS(Rs) 220.82 260.55 283.49 279.98 243.06 265.16 225.35 77.72 93.82 225.38 432.23
DPS(Rs) 20 30 37.5 40 35 40 35 10 10 40 98.5
Book NAV/Share(Rs) 848.97 983.57 1137.72 1361.97 1422.48 1594.35 1600.96 1554.2 1666.47 1862.94 2189.04
Core EBITDA Margin(%) 10.3 10.8 11.66 11.8 10.36 10.41 10.1 0.71 3.88 7.79 9.52
EBIT Margin(%) 8.36 10.72 11.33 11.8 10.52 11.47 10.46 3.04 4.13 7.52 11
Pre Tax Margin(%) 8.31 10.64 11.26 11.77 10.5 11.44 10.42 3 4.13 7.52 11
PAT Margin (%) 5.86 7.5 8.21 7.94 7.46 8.12 6.84 1.76 2.58 5.71 8.14
Cash Profit Margin (%) 11.25 11.64 11.94 11.02 10.65 10.99 8.88 5.27 5.8 7.59 9.78
ROA(%) 6.83 9.68 10.23 9.13 6.73 7.43 6.6 1.08 1.63 5.29 9.49
ROE(%) 14.08 18.31 18.38 16.14 12.05 12.99 10.72 1.65 2.59 9.6 17.74
ROCE(%) 20.1 26.19 25.35 23.99 17 18.33 16.39 2.83 4.15 12.65 23.99
Receivable days 22.72 19.83 24.56 28.25 31.15 30.16 29.57 34.78 30.17 28.81 21.46
Inventory Days 43.98 43.81 45.04 42.33 51.31 49.04 45.24 71.21 66.92 49.5 47.06
Payable days 83.88 74.2 78.31 77.19 91.78 90.7 91.08 137.4 132.71 89.27 73.92
PER(x) 16.12 18.17 19.63 16.53 24.8 35.08 35.11 88.48 162.63 56.82 27.74
Price/Book(x) 2.18 3.1 3.36 2.45 2.97 4.31 3.81 1.48 4.07 5.17 4.56
Dividend Yield(%) 1.08 0.98 0.98 1.2 0.83 0.58 0.57 0.43 0.15 0.42 0.99
EV/Net Sales(x) 0.65 1.08 1.34 1.05 1.62 2.52 2.2 1.16 3.75 3.09 2.1
EV/Core EBITDA(x) 4.34 6.58 8.09 6.47 10.65 16.97 15.82 17.3 43.38 31.06 16.57
Net Sales Growth(%) -12.5 15.9 6.43 6.35 -13.83 13.19 5.07 -41.94 9.71 83.57 48.82
EBIT Growth(%) -21.53 46.18 12.04 11.54 -22.2 15.31 -6.38 -83.16 49.44 233.83 117.79
PAT Growth(%) -6.66 45.9 16.18 3.5 -18 15.15 -13.63 -85.02 60.57 305.96 112.11
EPS Growth(%) -6.66 45.9 16.18 3.5 -15.68 15.15 -11.43 -85.02 60.57 305.96 112.11
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 2.02 2.12 2.06 1.86 1.79 1.83 1.66 1.88 1.82 1.43 1.6
Quick Ratio(x) 1.6 1.66 1.67 1.56 1.47 1.53 1.28 1.51 1.48 1.07 1.12
Interest Cover(x) 151.55 140.7 170.25 330.86 626.77 393.95 243.44 78.95 881.66 2791.64 0
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Lakshmi Machine Work Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 31.13 31.13 31.13 31.13 31.13 31.13 31.13 31.13 31.13 31.13
FII 4.17 4.24 4.29 4.71 4.9 5.07 5.04 4.94 4.97 5.24
DII 12.17 11.88 11.89 11.99 12.04 11.92 10.97 11.29 11.29 11.16
Public 52.53 52.74 52.69 52.17 51.93 51.89 52.86 52.65 52.62 52.47
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 89.27 to 73.92days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 31.13%.
  • Company has a low return on equity of 10% over the last 3 years.
  • Stock is trading at 6.6 times its book value.

* 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.

Lakshmi Machine Work News

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