LMW Ltd logo

LMW Ltd

LMW NSE

Key Fundamentals

SmallcapIndustrial ProductsCapital Goods
Market Cap
₹21,259 Cr
Volatility
High Risk
P/E Ratio
120.7
EBITDA
₹315 Cr
Return on Equity
4.56%
Debt to Equity
0
Book Value
₹2,683.26
EPS
₹272.28
52W High
₹20,151
52W Low
₹11,920

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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34 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 27.1%

Weaknesses

3
  • Stock is trading at 7.47 times its book value
  • Company has a low return on equity of 7.02% over last 3 years.
  • Earnings include an other income of Rs.136 Cr.

Growth Rate

Revenue Growth
6.91% ↗
Net Income Growth
27.39% ↗
Cash Flow Change
510.92% ↗
ROE
23.58% ↗
ROCE
16.07% ↗
EBITDA Margin (Avg.)
11.77% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 4d ago
AI opinion · based on fundamentals
Risk high

LMW Ltd is a nearly debt-free capital goods company trading at a market cap of ₹19,690 Cr with a PE of 107.2x. While TTM sales grew 11% and TTM profit surged 76%, the 3-year compounded sales and profit growth remain negative at -12% and -32% respectively, reflecting an uneven recovery trajectory.

Bull Case 7
  • Company is almost debt-free, providing financial flexibility and low interest burden in a capital-intensive sector
  • TTM profit growth of 76% signals a sharp earnings recovery from a depressed base
  • 5-year compounded sales CAGR of 13% demonstrates ability to grow revenue over medium-term cycles
  • 5-year compounded profit CAGR of 16% shows underlying earnings power when operating conditions normalize
  • Healthy dividend payout ratio of 27.1% indicates shareholder-friendly capital allocation despite cyclicality
  • Stock has delivered 17% CAGR over 10 years, outperforming many capital goods peers on a long-term basis
  • TTM sales growth of 11% indicates the current revenue cycle is on an upswing after the 3-year decline
Bear Case 8
  • PE ratio of 107.2x is extremely elevated, pricing in significant future growth that may not materialize
  • 3-year compounded sales CAGR of -12% shows revenue contracted meaningfully over the recent cycle
  • 3-year compounded profit CAGR of -32% reflects severe earnings volatility and cyclical vulnerability
  • 3-year average ROE of only 7% is low for a company trading at 6.54x book value, implying poor capital efficiency relative to valuation
  • Last year ROE declined to just 4%, well below cost of equity for most investors
  • Earnings quality is weakened by ₹136 Cr of other income contributing to reported profits
  • Price-to-book of 6.54x is expensive for a company with 10-year sales CAGR of just 1%
  • Dividend yield of only 0.2% offers negligible income support at current elevated valuations

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 19h ago
Positives 3
  • Q1FY27 PBT surges 151% YoY Jul 31

    Consolidated revenue of ₹902 crore for Q1FY27, up 24% YoY. PBT surged 151% YoY to ₹85 crore driven by strong Textile Machinery Division performance.

  • Q1FY26 net profit up 169% Jul 24

    Standalone net profit rose 169% YoY to ₹66.01 crore for Q1FY26 on strong margins. Board approved expanding into EVs, pharma, and renewables.

  • AGM approvals including MD renewal Jul 25

    All 10 resolutions passed at 63rd AGM on July 24, 2026, including re-appointment of MD Sanjay Jayavarthanavelu and statutory auditors Brahmayya & Co.

Neutral 2
  • Postal ballot for MoA amendment Aug 11

    LMW seeks shareholder approval to amend Memorandum of Association via postal ballot, with e-voting open from 12 August to 10 September 2026.

  • Analyst call recording shared Jul 28

    Audio recording of July 27, 2026 analyst conference call made available on company website for investor reference.

TL;DR: LMW is delivering sharp profit growth with PBT up 151% YoY in Q1FY27 and net profit up 169% in Q1FY26, driven by textile machinery strength. The company is actively diversifying into EVs, pharma, and renewables. No material headwinds are visible in recent news flow. The earnings trajectory is clearly improving, and diversification moves could widen the growth runway if executed well.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,191
1,320
1,214
971
673
769
766
804
694
822
758
933
861
Expenses
1,082
1,184
1,097
897
660
737
731
746
680
778
717
863
797
Operating Profit
109
136
117
74
13
32
36
58
14
44
42
70
64
OPM %
9%
10%
10%
8%
2%
4.2%
4.7%
7%
2%
5%
5%
7%
7%
Other Income
36
35
32
40
29
30
33
33
35
41
18
38
39
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
23
24
23
27
26
28
29
29
30
30
30
30
30
PBT
122
147
125
87
16
34
40
61
20
55
30
78
72
Tax %
23%
22%
21%
24%
32%
28%
52%
22%
41%
25%
50%
18%
23%
Net Profit
94
115
99
66
11
24
19
48
11
41
15
64
56
EPS in Rs
87.8
108
92.46
61.76
10.32
22.9
18.07
44.76
10.74
38.3
13.72
59.62
51.97
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,488
2,863
2,499
2,643
2,712
1,574
1,727
3,171
4,719
4,696
3,012
3,207
3,374
Expenses
2,177
2,525
2,240
2,367
2,438
1,563
1,657
2,924
4,269
4,261
2,870
3,038
3,155
Operating Profit
311
338
259
276
274
11
71
247
450
435
142
170
219
OPM %
12%
12%
10%
10%
10%
0.7%
4.1%
8%
10%
9%
4.7%
5%
6%
Other Income
91
88
84
103
65
92
56
51
147
143
122
132
136
Interest
1
1
0
1
1
1
0
0
0
0
0
0
0
Depreciation
100
88
80
76
55
55
56
60
78
96
113
120
121
PBT
301
337
262
302
283
47
71
238
519
482
151
182
234
Tax %
27%
33%
29%
29%
34%
41%
37%
24%
26%
22%
32%
28%
—
Net Profit
220
227
186
215
185
28
45
181
384
374
103
131
175
EPS in Rs
195
202
170
196
174
25.99
41.75
169
359
350
96.05
122
164
Div. Payout %
19%
20%
21%
20%
20%
38%
24%
24%
27%
21%
31%
29%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
11
11
11
11
11
11
11
11
11
11
11
11
Reserves
1,271
1,523
1,547
1,736
1,700
1,650
1,770
1,980
2,328
2,693
2,767
2,856
Borrowings
0
0
0
3
3
0
0
0
0
0
0
0
Other Liabilities
956
863
808
885
743
686
977
1,656
1,752
1,328
1,230
1,396
Total Liabilities
2,237
2,397
2,367
2,635
2,457
2,346
2,758
3,646
4,090
4,031
4,008
4,262
Fixed Assets
439
464
520
570
699
711
701
721
903
972
990
946
CWIP
6
8
6
21
12
30
11
6
24
9
4
1
Investments
64
88
61
83
124
136
286
448
508
641
701
706
Other Assets
1,729
1,838
1,780
1,961
1,621
1,470
1,760
2,471
2,654
2,409
2,312
2,610
Total Assets
2,237
2,397
2,367
2,635
2,457
2,346
2,758
3,646
4,090
4,031
4,008
4,262
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
131
81
137
211
99
74
157
485
364
141
29
177
Investing
-54
-64
68
-23
29
-70
-144
-448
-242
-74
73
110
Financing
-40
-52
-195
-44
-215
-49
-11
-11
-43
-105
-80
-32
Net Cash Flow
36
-35
9
144
-88
-45
2
26
79
-39
22
255
Free Cash Flow
15
-32
18
80
-73
-2
136
411
111
-9
-96
120
CFO/OP
71
57
88
107
64
926
278
222
94
60
33
143
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
30
30
28
34
26
25
38
37
18
10
21
32
Inventory Days
78
69
85
78
74
112
120
94
85
76
113
106
Days Payable
81
68
80
97
85
129
150
100
81
65
103
114
Cash Conversion Cycle
28
31
32
15
15
8
7
31
22
21
31
23
Working Capital Days
-15
-8
-3
-10
-5
-10
-23
-16
-16
-7
-9
-11
ROCE %
26%
24%
16%
18%
18%
2%
5%
14%
22%
18%
5%
6%

Shareholding Pattern

As of Jun 2026
Promoters 30.80%
Public 27.20%
Others 27.04%
DIIs 9.51%
FIIs 5.45%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
31.11%
31.13%
31.13%
31.13%
31.13%
31.13%
31.13%
31.13%
31.13%
31.13%
31.13%
31.13%
31.13%
31.13%
31.13%
31.13%
31.13%
30.80%
30.80%
30.80%
30.80%
30.80%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
4.94%
0.00%
5.24%
5.48%
5.49%
5.63%
5.91%
5.81%
5.53%
5.47%
5.54%
5.45%
DIIs
12.44%
12.37%
12.48%
12.00%
11.72%
11.71%
11.83%
12.04%
11.92%
10.96%
11.29%
11.28%
11.16%
10.91%
10.63%
10.17%
9.65%
9.86%
9.79%
9.78%
9.56%
9.51%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
27.24%
27.01%
26.73%
26.57%
26.61%
26.65%
26.19%
26.13%
26.00%
26.74%
26.54%
26.45%
26.46%
26.41%
26.50%
26.65%
26.79%
26.90%
27.15%
27.24%
27.05%
27.20%
Others
29.21%
29.49%
29.66%
30.30%
30.54%
30.51%
30.86%
30.71%
30.96%
31.17%
26.11%
31.14%
26.02%
26.07%
26.25%
26.43%
26.52%
26.63%
26.73%
26.71%
27.05%
27.04%
No. of Shareholders
0
35,415
35,786
33,398
33,428
35,245
34,181
33,483
33,060
33,654
33,945
34,173
32,761
32,107
31,602
31,283
30,900
32,140
32,240
31,652
31,201
30,685

Documents

Frequently Asked Questions about LMW Ltd

What does LMW Ltd do?
Lakshmi Machine Works Ltd is a leading Textile Machinery Manufacturer in India engaged in the manufacturing and selling of textile spinning machinery, CNC Machine Tools, Heavy castings, and parts and components catering to diverse sectors.[1]
Where is LMW Ltd (LMW) listed?
LMW Ltd is listed on the Indian stock exchanges. It is listed on NSE: LMW and BSE: 500252. You can view its live share price, financials, and ratios on Tapetide.
Which sector does LMW Ltd belong to?
LMW Ltd operates in the Capital Goods sector within the Industrial Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of LMW Ltd?
LMW Ltd has a market capitalisation of approximately ₹21259.17 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of LMW Ltd?
The Price-to-Earnings (PE) ratio of LMW Ltd is 120.70. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of LMW Ltd?
Over the past 52 weeks, LMW Ltd has traded between a low of ₹11,920 and a high of ₹20,151. This range helps investors understand the stock's price volatility and recent trading levels.
Does LMW Ltd pay dividends?
Yes, LMW Ltd has a dividend yield of 0.17%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of LMW Ltd?
LMW Ltd has a Return on Equity (ROE) of 4.56%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research LMW Ltd on Tapetide?
On Tapetide, you can view LMW Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Lakshmi Machine Works Ltd is a leading Textile Machinery Manufacturer in India engaged in the manufacturing and selling of textile spinning machinery, CNC Machine Tools, Heavy castings, and parts and components catering to diverse sectors.[1]

Website lakshmimach.com
Listed 1995-03-29
Face Value ₹ 10
Issued Size 1,06,83,000

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