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LMW Overview

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 th...Read More

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LMW Key Financials

Market Cap ₹15329 Cr.

Stock P/E 149.4

P/B 5.4

Current Price ₹14349

Book Value ₹ 2662.4

Face Value 10

52W High ₹18190

Dividend Yield 0.21%

52W Low ₹ 11729.5

LMW Share Price

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Volume
Price

LMW Quarterly Price

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LMW Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1320 1214 971 673 769 766 804 694 822 758
Other Income 35 32 40 29 30 33 33 37 41 30
Total Income 1355 1246 1011 702 799 799 836 731 863 788
Total Expenditure 1184 1096 897 660 737 731 746 680 778 717
Operating Profit 171 150 114 43 62 69 91 50 85 71
Interest 0 1 0 0 0 0 0 0 0 0
Depreciation 24 23 27 26 28 29 29 30 30 30
Exceptional Income / Expenses 0 0 0 0 0 0 0 -1 0 -12
Profit Before Tax 147 125 87 16 34 40 61 20 55 30
Provision for Tax 32 27 21 5 9 21 14 8 14 15
Profit After Tax 115 99 66 11 24 19 48 11 41 15
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 115 99 66 11 24 19 48 11 41 15
Adjusted Earnings Per Share 107.8 92.5 61.8 10.3 22.9 18.1 44.8 10.7 38.3 13.7

LMW Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2488 2646 2280 2581 2712 1574 1727 3171 4719 4696 3012 3078
Other Income 100 93 88 108 102 94 82 68 148 144 130 141
Total Income 2588 2739 2369 2689 2814 1668 1810 3239 4867 4839 3142 3218
Total Expenditure 2176 2308 2021 2306 2438 1563 1660 2924 4270 4261 2878 2921
Operating Profit 412 431 347 383 376 105 149 315 597 579 264 297
Interest 2 1 0 1 1 1 0 0 0 0 0 0
Depreciation 100 88 80 76 55 55 56 60 78 96 113 119
Exceptional Income / Expenses -9 -5 -5 -4 -37 -2 -22 -17 0 0 0 -13
Profit Before Tax 301 337 262 302 283 47 71 238 519 482 151 166
Provision for Tax 81 110 76 88 97 19 27 57 135 109 49 51
Profit After Tax 220 227 186 215 185 28 45 181 384 374 103 115
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 220 227 186 215 185 28 45 181 384 374 103 115
Adjusted Earnings Per Share 195 201.8 170.1 195.9 173.5 26 41.7 169.5 359.6 349.9 96.1 107.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -36% -2% 14% 2%
Operating Profit CAGR -54% -6% 20% -4%
PAT CAGR -72% -17% 30% -7%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -8% 10% 19% 15%
ROE Average 4% 12% 10% 11%
ROCE Average 6% 16% 13% 15%

LMW Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1282 1534 1558 1747 1710 1660 1780 1990 2339 2704 2777
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 3 3 0 0 0 0 0 0
Other Non-Current Liabilities 125 88 87 85 46 83 159 450 383 270 224
Total Current Liabilities 821 1130 1139 1158 865 775 1008 1454 1479 1278 1270
Total Liabilities 2228 2753 2785 2992 2625 2518 2948 3895 4200 4251 4272
Fixed Assets 439 464 520 570 699 711 701 721 903 972 990
Other Non-Current Assets 96 193 225 308 490 349 414 1096 935 787 377
Total Current Assets 1693 2096 2040 2114 1435 1459 1832 2078 2362 2493 2905
Total Assets 2228 2753 2785 2992 2625 2518 2948 3895 4200 4251 4272

LMW Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 29 65 30 39 183 95 51 53 79 157 118
Cash Flow from Operating Activities 131 81 137 211 99 74 157 485 364 141 29
Cash Flow from Investing Activities -54 -64 68 -23 29 -70 -144 -448 -242 -74 73
Cash Flow from Financing Activities -40 -52 -195 -44 -215 -49 -11 -11 -43 -105 -80
Net Cash Inflow / Outflow 36 -35 9 144 -88 -45 2 26 79 -39 22
Closing Cash & Cash Equivalent 65 30 39 183 95 51 53 79 157 118 140

LMW Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 194.96 201.78 170.15 195.92 173.53 26 41.75 169.47 359.57 349.87 96.08
CEPS(Rs) 283.49 279.98 243.06 265.16 225.35 77.72 93.82 225.38 432.36 440.07 201.51
DPS(Rs) 37.5 40 35 40 35 10 10 40 98.5 75 30
Book NAV/Share(Rs) 1137.72 1361.97 1422.48 1594.35 1600.96 1554.2 1666.47 1862.94 2189.65 2531.5 2600.58
Core EBITDA Margin(%) 11.66 11.8 10.36 10.41 10.1 0.71 3.88 7.79 9.52 9.26 4.45
EBIT Margin(%) 11.33 11.8 10.52 11.47 10.46 3.04 4.13 7.52 11 10.27 5.02
Pre Tax Margin(%) 11.26 11.77 10.5 11.44 10.42 3 4.13 7.52 11 10.27 5.02
PAT Margin (%) 8.21 7.94 7.46 8.12 6.84 1.76 2.58 5.71 8.14 7.96 3.41
Cash Profit Margin (%) 11.94 11.02 10.65 10.99 8.88 5.27 5.8 7.59 9.78 10.01 7.15
ROA(%) 10.23 9.13 6.73 7.43 6.6 1.08 1.63 5.29 9.49 8.84 2.41
ROE(%) 18.38 16.14 12.05 12.99 10.72 1.65 2.59 9.6 17.74 14.82 3.74
ROCE(%) 25.35 23.99 17 18.33 16.39 2.83 4.15 12.65 23.99 19.13 5.52
Receivable days 24.56 28.25 31.15 30.16 29.57 34.78 30.17 28.81 21.46 14.08 18.57
Inventory Days 45.04 42.33 51.31 49.04 45.24 71.21 66.92 49.5 47.06 51.36 72.16
Payable days 78.31 77.19 91.78 90.7 91.08 137.4 132.71 89.27 73.92 73.53 104.22
PER(x) 19.63 16.53 24.8 35.08 35.11 88.48 162.63 56.82 27.73 43.34 166.38
Price/Book(x) 3.36 2.45 2.97 4.31 3.81 1.48 4.07 5.17 4.55 5.99 6.15
Dividend Yield(%) 0.98 1.2 0.83 0.58 0.57 0.43 0.15 0.42 0.99 0.49 0.19
EV/Net Sales(x) 1.34 1.05 1.62 2.52 2.2 1.16 3.75 3.09 2.1 3.25 5.22
EV/Core EBITDA(x) 8.09 6.47 10.65 16.97 15.82 17.3 43.38 31.06 16.56 26.35 59.57
Net Sales Growth(%) 6.43 6.35 -13.83 13.19 5.07 -41.94 9.71 83.57 48.82 -0.49 -35.86
EBIT Growth(%) 12.04 11.54 -22.2 15.31 -6.38 -83.16 49.44 233.83 117.79 -7.14 -68.62
PAT Growth(%) 16.18 3.5 -18 15.15 -13.63 -85.02 60.57 305.96 112.11 -2.7 -72.54
EPS Growth(%) 16.18 3.5 -15.68 15.15 -11.43 -85.02 60.57 305.96 112.17 -2.7 -72.54
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 2.06 1.86 1.79 1.83 1.66 1.88 1.82 1.43 1.6 1.95 2.29
Quick Ratio(x) 1.67 1.56 1.47 1.53 1.28 1.51 1.48 1.07 1.12 1.47 1.84
Interest Cover(x) 170.25 330.86 626.77 393.95 243.44 78.95 881.66 2791.64 0 0 0
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

LMW Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 31.13 31.13 31.13 31.13 31.13 31.13 30.8 30.8 30.8 30.8
FII 4.97 5.24 5.48 5.49 5.63 5.91 5.81 5.53 5.47 5.54
DII 11.29 11.16 10.9 10.63 10.17 9.65 9.86 9.79 9.78 9.56
Public 52.62 52.47 52.5 52.75 53.08 53.32 53.53 53.88 53.95 54.1
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

LMW News

LMW Pros & Cons

Pros

  • Company has delivered good profit growth of 29% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Promoter holding is low: 30.8%.
  • Company has a low return on equity of 12% over the last 3 years.
  • Debtor days have increased from 73.53 to 104.22days.
  • Stock is trading at 5.4 times its book value.
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