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Lakshmi Machine Works Ltd (LAXMIMACH)

₹15639.80.62%

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Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 2 analysts

SELL

0.00%

Buy

50.00%

Hold

50.00%

Sell

Based on 2 analysts offering long term price targets for Lakshmi Machine Works Ltd. An average target of ₹13506.5

Source: S&P Global Market Intelligence

Lakshmi Machine Works Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹15,425
    ₹15,839.6
  • 52 Week's Low

    52 Week's High

    ₹12,722.3
    ₹17,794.15
1 Month Return-5.32 %
3 Month Return-6.86 %
1 Year Return+ 12.32 %
Previous Close₹15,736.80
Open₹15,780.00
Volume4,077.00
Upper Circuit-
Lower Circuit-
Market Cap₹16,811.62Cr

Key Statistics

P/E Ratio44.99
PEG Ratio-4.64
Market Cap₹16,811.62 Cr
P/B Ratio6.08
EPS26

Mutual Fund Holdings

Funds HoldingsPrev. 6M
HDFC Balanced Advantage Fund Direct Plan Growth OptionHDFC Balanced Advantage Fund Direct Plan Growth Option0.26%
Nippon India Small Cap Fund - Direct Plan - Growth PlanNippon India Small Cap Fund - Direct Plan - Growth Plan0.24%
HSBC Small Cap Fund Fund Direct GrowthHSBC Small Cap Fund Fund Direct Growth0.82%
Mahindra Manulife Small Cap Fund Direct GrowthMahindra Manulife Small Cap Fund Direct Growth0.91%
Mahindra Manulife Mid Cap Fund Direct GrowthMahindra Manulife Mid Cap Fund Direct Growth0.65%

Company Information

Lakshmi Machine Works Ltd (LMW) is a leading engineering company incorporated in 1962 by Mr. V.K.V.R.V. Rao. LMW is headquartered in Coimbatore, Tamil Nadu, India.

LMW is engaged in the manufacturing and export of textile spinning machinery, carding machines, auto coners, ring frames, and other related products. The company also manufactures and exports CNC machines, machine tools, and other engineering products. LMW is one of the largest manufacturers of spinning machinery in the world.

The company's top products include CNC Lathes, CNC Turning Centers, CNC Machining Centers, CNC Grinding Machines, CNC Drilling Machines, CNC Boring Machines, CNC Milling Machines, and CNC Special Purpose Machines. LMW also offers a range of popular brands such as LMW, LMW-ERP, LMW-CNC, LMW-TEX, and LMW-IT.

Share Price: ₹15639.80 per share as on 19 Jul, 2024 04:01 PM
Market Capitalisation: ₹16,811.62Cr as of today
Revenue: ₹970.65Cr as on March 2024 (Q1 24)
Net Profit: ₹65.98Cr as on March 2024 (Q1 24)
Listing date: 20 Jan, 1995
Chairperson Name: Sanjay Jayavarthanavelu
OrganisationLakshmi Machine Works Ltd
HeadquartersCoimbatore
IndustryEngineering
E-voting on sharesClick here to vote

Key events for Lakshmi Machine Works Ltd

  • Lakshmi Machine Works Ltd's Dividend Reduced - 19 Jun, 2024

    Lakshmi Machine Works Limited is reducing its dividend payment to ₹75.00, resulting in a lower than average dividend yield of 0.5%. Although the company has been growing earnings per share at 15% annually over the past five years and is expected to see a 48.7% increase in EPS next year, free cash flows were negative, making it not an ideal income stock.

  • LMW Displays Latest CNC Machines - 06 Jun, 2024

    Lakshmi Machine Works (LMW) showcased its latest range of CNC machines, including horizontal and vertical turning centers and machining centers. The company offers 55 models and about 88 variants of CNC machines catering to various segments.

  • Lakshmi Machine Works Ltd Reports Disappointing Earnings - 04 Jun, 2024

    Lakshmi Machine Works Ltd's earnings announcement for the year to March 2024 was disappointing, with a sluggish profit figure and negative free cash flow. The company reported a profit of ₹3.74b but burnt through ₹106m in the last year.

  • Lakshmi Machine Works Faces Negative Forecast and Price Target Cut - 02 Jun, 2024

    Analysts covering Lakshmi Machine Works have revised their forecasts, predicting a 10% decline in sales and a 9.6% drop in EPS for 2025. The price target has been cut by 7.7% to ₹11,817.

  • Lakshmi Machine Works Misses Analyst Estimates - 01 Jun, 2024

    Lakshmi Machine Works' full-year results fell 2.1% short of analyst estimates at ₹48b, with earnings per share missing forecasts by 6.5%. The consensus price target fell 7.7% to ₹11,817, and revenue is expected to reduce by 10% in 2025. The analysts downgraded their revenue estimates, indicating underperformance compared to the wider industry.

  • Lakshmi Machine Works Reduces Dividend by 24% - 30 May, 2024

    Lakshmi Machine Works Limited has reduced its dividend by 24% to Rs.75 per share compared to last year's payment of Rs.98.50. The company's dividend history is unstable, and free cash flows are not positive, making it difficult to sustain a dividend payment. Overall, the stock does not seem like a good income option.

  • Lakshmi Machine Works FY2024 Earnings Miss Expectations - 29 May, 2024

    Lakshmi Machine Works reported revenue of ₹48.4b, up 2.5% YoY, but missed analyst estimates by 5%. Net income was down 2.7% YoY to ₹3.74b, with EPS at ₹350, missing estimates by 6.5%. The profit margin decreased from 8.1% in FY2023 to 7.7%, driven by higher expenses. Revenue is forecasted to grow 3.6% p.a., compared to a 12% growth forecast for the Machinery industry in India. The stock dropped 8.5% in a week.

  • Lakshmi Machine Works Reports Decline in Revenue and Profit - 28 May, 2024

    Lakshmi Machine Works reports a significant decline in consolidated revenue and earnings before interest, taxes, depreciation, and amortisation (EBITDA) for Q4FY24. The company's earnings per share (EPS) also decreased YoY. Analysts have mixed opinions on the stock.

  • Lakshmi Machine Works to Change Name - 27 May, 2024

    The Board of Lakshmi Machine Works has approved a proposal to change the company's name to LMW, subject to shareholder and regulatory approval.

  • Lakshmi Machine Works Achieves 25% CAGR in Share Price Growth - 21 May, 2024

    Lakshmi Machine Works achieved a compound annual growth rate (CAGR) of 25% in share price growth over the last five years, outpacing its earnings per share (EPS) growth of 17%. The company's favorable

Insights on Lakshmi Machine Works Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 52.47% to 52.49% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 5.24% to 5.48% in Jun 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Schaeffler India Ltd has given 264.5% return, outperforming this stock by 163.6%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Thermax Ltd has given 105.6% return, outperforming this stock by 93.3%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 31.13% of holdings in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, LAXMIMACH stock has moved down by -5.3%

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 3 quarters, 1.35K Cr → 1.01K Cr (in ₹), with an average decrease of 13.5% per quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 3.39% to 3.28% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 115.11 Cr → 65.98 Cr (in ₹), with an average decrease of 23.7% per quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹970.65Cr
↓20.04%
Net Income
₹65.98Cr
↓33.20%
Net Profit Margin
6.80%
↓16.46%
2024Y/Y Change
Revenue
₹4,695.86Cr
↓0.49%
Net Income
₹373.66Cr
↓2.70%
Net Profit Margin
7.96%
↓2.21%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹3,995.14Cr
↓2.00%
Total Liabilities
₹1,332.85Cr
↓24.97%
Value in ₹ crore
2024Y/Y Change
Operating Cash Flow
₹140.13Cr
↓56.73%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
31.13%
0.00
Foreign Institutions
5.48%
4.50
Mutual Funds
3.28%
-3.34
Retail Investors
52.49%
0.03
Others
7.63%
-1.77

Key Indicators

Lakshmi Machine Works Ltd Valuation

Lakshmi Machine Works Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-943.88x)

September 10, 2020

Industry (-56.67x)

July 18, 2024

Today (44.99x)

July 18, 2024

Highest (405.73x)

March 16, 2021

LowHigh

Earnings and Dividends

  • Lakshmi Machine Works Ltd Earnings Results

    Lakshmi Machine Works Ltd’s net profit fell -29.89% since last year same period to ₹65.98Cr in the Q4 2023-2024. On a quarterly growth basis, Lakshmi Machine Works Ltd has generated -33.2% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Lakshmi Machine Works Ltd Dividends May,2024

    In the quarter ending March 2024, Lakshmi Machine Works Ltd has declared dividend of ₹75 - translating a dividend yield of 0.48%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Lakshmi Machine Works Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Lakshmi Machine Works Ltd (LAXMIMACH) share price today is ₹15639.8

Lakshmi Machine Works Ltd is listed on NSE

Lakshmi Machine Works Ltd is listed on BSE

  • Today’s highest price of Lakshmi Machine Works Ltd is ₹15839.6.
  • Today’s lowest price of Lakshmi Machine Works Ltd is ₹15425.

PE Ratio of Lakshmi Machine Works Ltd is 44.99

PE ratio = Lakshmi Machine Works Ltd Market price per share / Lakshmi Machine Works Ltd Earnings per share

Today’s traded volume of Lakshmi Machine Works Ltd(LAXMIMACH) is 4,077.00.

Today’s market capitalisation of Lakshmi Machine Works Ltd(LAXMIMACH) is ₹16811.62Cr.

Lakshmi Machine Works Ltd(LAXMIMACHPrice
52 Week High
₹17794.15
52 Week Low
₹12722.3

Lakshmi Machine Works Ltd(LAXMIMACH) share price is ₹15639.8. It is down -12.11% from its 52 Week High price of ₹17794.15

Lakshmi Machine Works Ltd(LAXMIMACH) share price is ₹15639.8. It is up 22.93% from its 52 Week Low price of ₹12722.3

Lakshmi Machine Works Ltd(LAXMIMACHReturns
1 Day Returns
-97%
1 Month Returns
-5.32%
3 Month Returns
-6.86%
1 Year Returns
12.32%