Lakshmi Automatic Loom Works Ltd
LAKS

Lakshmi Automatic Loom Works Ltd (505302)

₹658.950.31%

Key Stats

₹602
Day's Price Range
₹689.9
₹504
52-Week Price Range
₹1038
1 Month Return-2.46 %
3 Month Return1.68 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 18
EPS
Rank 18
BVPS
Rank 22
Dividend Yield
Rank 10
ROE
Rank 9
16.51%
Price To Book Ratio
Rank 16
Debt To Asset
Rank 22

Company Information

Lakshmi Automatic Loom Works LALW manufactures textile machinery like automatic looms shuttleless weaving machines knitting machines and also grey and s g iron castings. The weaving machines are marketed under the Lakshmi trade mark. The company was promoted by G K Devarajulu of the Lakshmi group of South India. In Apr.74 a tenyear technical collaboration was entered into with Ruti Machinery Works Switzerland to manufacture highspeed C type automatic looms. Commercial production started in Dec.77. During 198788 it commenced commercial production of air jet weaving machines in collaboration with Sulzer Switzerland. In the same year LALW also undertook the manufacture of rapier conversion. The company entered into collaboration with Terrot Stickmaschinen Germany to manufacture highspeed circular knitting machines. In 199495 the company developed a prototype highspeed rapier weaving machine with a fourcolour selector for which field trials are being carried out. In 199596 the company installed CNC machines for the improvement and the better quality of the product. In future the company has plan for the implementation of ISO 9001 quality system and introduction of total quality management to achieve international acceptance of the products.Since the peak networth of the company has eroded more than 50 the company has filled the form with BIFR on 16.11.1998. The company exported 7 Circular Knitting Machines valued at Rs.95.335 lakhs during the year 19992000.The company is planning to implement ISO9001 Quality system and introduce Total Quality Management TQM to achieve international acceptance of their products.It is also planning to introduce new models of Shuttleless Looms and Circular Knitting Machines.
OrganisationLakshmi Automatic Loom Works Ltd
HeadquartersCoimbatore
IndustryEngineering