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LWS Knitwear Overview

LWS Knitwear Ltd. is an Indian textiles and garment company headquartered in Ludhiana, Punjab, incorporated in 1989 and converted into a public limited company in 1991. It is listed on the BSE and operates primarily in the hosiery, knitted cloth and apparel segments, manufacturing and trading a wide range of knitted fabrics and readymade garments such as sweaters, t‑shirts, joggers, sleepwear and other winter and summer apparel for men, women and children, which it sells under its own LWS brand and through third‑party channels. The company ...Read More

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LWS Knitwear Key Financials

Market Cap ₹24 Cr.

Stock P/E 9.4

P/B 0.7

Current Price ₹16.3

Book Value ₹ 21.7

Face Value 10

52W High ₹22.5

Dividend Yield 0%

52W Low ₹ 12.5

LWS Knitwear Share Price

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Volume
Price

LWS Knitwear Quarterly Price

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LWS Knitwear Peer Comparison

LWS Knitwear 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 17 17 34 17 26 16 49 13 33 18
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 17 17 34 17 26 16 49 13 33 18
Total Expenditure 16 17 32 17 25 15 47 12 32 16
Operating Profit 0 0 2 1 1 1 2 1 1 2
Interest 0 0 0 0 0 0 1 1 0 1
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 2 0 0 1 2 0 0 1
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax 0 0 1 0 0 1 1 0 0 1
Adjustments 0 -0 0 -0 -0 0 0 0 0 -0
Profit After Adjustments 0 0 1 0 0 1 1 0 0 1
Adjusted Earnings Per Share 0.1 0.1 1.3 0.4 0.2 1.7 0.8 0.2 0.2 0.6

LWS Knitwear 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 17 27 32 30 54 29 46 62 63 75 109 113
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Total Income 17 27 32 30 54 29 46 62 63 75 109 113
Total Expenditure 17 26 32 30 54 29 45 61 61 72 104 107
Operating Profit 0 0 1 0 1 0 0 1 1 3 5 6
Interest 0 0 0 0 0 0 0 0 1 1 1 3
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 -0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 0 1 0 0 0 0 2 3 3
Provision for Tax 0 0 0 0 0 0 0 0 0 1 1 0
Profit After Tax 0 0 0 0 0 0 0 0 0 1 3 2
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 0 0 0 0 0 0 0 1 3 2
Adjusted Earnings Per Share 0.1 0.1 0.1 0.1 0.5 0.2 0.3 0.3 0.3 1.5 1.7 1.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 45% 21% 30% 20%
Operating Profit CAGR 67% 71% 0% 0%
PAT CAGR 200% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -12% 30% 33% 30%
ROE Average 12% 9% 6% 4%
ROCE Average 13% 10% 7% 5%

LWS Knitwear 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 9 10 10 9 10 10 10 10 11 12 30
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1 0 0 0 1 0 1 1 10 14 8
Other Non-Current Liabilities 0 0 0 0 0 0 0 0 -0 -0 -0
Total Current Liabilities 3 6 8 8 10 12 16 21 29 17 14
Total Liabilities 13 15 18 18 20 23 27 32 50 43 52
Fixed Assets 0 0 0 1 1 1 0 0 0 0 0
Other Non-Current Assets 9 8 9 7 5 7 7 6 10 5 2
Total Current Assets 5 7 9 10 15 15 19 26 40 38 50
Total Assets 13 15 18 18 20 23 27 32 50 43 52

LWS Knitwear 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 0 0 0 0 0 0 0 0 0 1 0
Cash Flow from Operating Activities -4 3 -4 4 -2 2 0 -6 -6 -9 -14
Cash Flow from Investing Activities 1 1 -1 1 2 -2 -0 2 -5 5 4
Cash Flow from Financing Activities 3 -3 4 -4 0 -0 0 4 11 4 10
Net Cash Inflow / Outflow -0 0 -0 0 0 -0 0 -0 1 -0 -0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 1 0 0

LWS Knitwear 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) 0.13 0.12 0.1 0.11 0.49 0.18 0.27 0.28 0.32 1.53 1.73
CEPS(Rs) 0.14 0.15 0.12 0.18 0.6 0.29 0.38 0.4 0.43 1.63 1.79
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 10.3 10.42 10.51 10.27 10.76 10.94 11.21 11.48 11.8 13.33 20.75
Core EBITDA Margin(%) 0.6 1.59 1.83 1 1.43 1.39 1.08 1.18 1.91 4.29 4.55
EBIT Margin(%) 1.04 1.41 1.76 0.89 1.3 1.04 0.86 1.02 1.76 4.17 4.47
Pre Tax Margin(%) 0.9 0.59 0.4 0.46 1.2 0.84 0.72 0.57 0.6 2.61 3.11
PAT Margin (%) 0.68 0.41 0.28 0.33 0.82 0.58 0.54 0.42 0.47 1.86 2.33
Cash Profit Margin (%) 0.76 0.5 0.35 0.54 1.01 0.93 0.77 0.59 0.63 1.99 2.41
ROA(%) 0.7 0.77 0.54 0.55 2.31 0.78 1 0.88 0.71 2.99 5.3
ROE(%) 1.22 1.16 0.94 1.05 4.63 1.69 2.45 2.51 2.76 12.18 11.88
ROCE(%) 1.53 3.33 4.63 2.21 6.96 2.9 3.69 4.77 5.2 10.73 12.74
Receivable days 131.99 34.69 53.44 84.02 57.15 120.86 62.22 41.53 84.32 96.41 86.55
Inventory Days 14.35 33.7 29.13 30.49 23.77 49.34 58.65 57.93 52.88 57.15 47.86
Payable days 107.74 40.13 50.46 72.82 61.2 140.89 108.09 90.76 117.33 87.13 29.87
PER(x) 9.97 9.6 27.81 66.22 4.55 6.84 7.3 27 21.37 11.7 9.93
Price/Book(x) 0.12 0.11 0.26 0.71 0.21 0.11 0.18 0.67 0.58 1.34 0.83
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.27 0.04 0.23 0.23 0.04 0.05 0.05 0.19 0.34 0.47 0.36
EV/Core EBITDA(x) 23.72 2.8 12.49 20.67 2.76 3.88 4.19 16.25 17.81 10.99 7.92
Net Sales Growth(%) 22.85 59.38 19.98 -6.07 79.49 -46.62 57.31 35.34 1.39 19.99 44.66
EBIT Growth(%) 435.37 116.98 49.62 -52.68 162.61 -57.1 29.51 60.02 75.15 185 55.11
PAT Growth(%) 639.51 -3.92 -18.44 11.48 343.85 -62.24 47.9 4.93 12.78 376.42 80.59
EPS Growth(%) 639.44 -3.91 -18.41 11.45 343.85 -62.24 47.89 4.93 12.78 376.42 12.83
Debt/Equity(x) 0.36 0.05 0.51 0.05 0.06 0.05 0.05 0.48 1.48 1.6 0.47
Current Ratio(x) 1.45 1.25 1.1 1.23 1.49 1.24 1.2 1.28 1.37 2.2 3.53
Quick Ratio(x) 1.09 0.57 0.95 0.78 1.15 0.87 0.57 0.82 1.07 1.33 2.58
Interest Cover(x) 7.44 1.72 1.3 2.06 12.74 5.04 6.13 2.29 1.51 2.67 3.28
Total Debt/Mcap(x) 2.93 0.46 1.96 0.07 0.3 0.42 0.3 0.71 2.54 1.19 0.57

LWS Knitwear Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 57.83 57.83 57.83 57.83 58.44 58.44 58.44 58.44 58.44 58.44
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 42.17 42.17 42.17 42.17 41.56 41.56 41.56 41.56 41.56 41.56
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

LWS Knitwear News

LWS Knitwear Pros & Cons

Pros

  • Stock is trading at 0.7 times its book value
  • Debtor days have improved from 87.13 to 29.87days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 9% over the last 3 years.
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