Lakshmi Mills Company Ltd

Lakshmi Mills Company Ltd (LAKSHMIMIL)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-13.35 %
3 Month Return-19.93 %
1 Year Return24.83 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 113
Rank 114
Rank 140
Dividend Yield
Rank 42
Rank 168
Price To Book Ratio
Rank 94
Debt To Asset
Rank 140

Company Information

Promoted in 1907 by the late G Kuppuswamy Naidu Lakshmi Mills Company LMC was incorporated as a public limited company in 1910. The flagship of the Coimbatorebased Lakshmi group its associate companies are Lakshmi Machine Works Lakshmi Synthetic Machinery Manufacturers and Lakshmi Auto Looms. LMC is a composite mill manufacturing a range of cotton viscose blended yarn and a variety of grey and processed cloth. The company has four manufacturing units located at Coimbatore Singanallur Kovilpatti and Palladam all in Tamilnadu.The companys cloth processing is done by its subsidiary United Bleachers. LMC exports cotton yarn and grey cloth to the UK Germany Italy Bangladesh and Japan. In 1977 Coimbatore Cotton Mills was amalgamated with the company. LMC has yarn processing facilities at Coimbatore which includes facilities for mercerising and bleaching. The company was getting Wind Power generated of M/s Das Lagerway Wind Turbines Ltd. under a contract since 1997. Some problem has creeped in between the owners of the wind power farm M/s Das Lagerway M/s Pathega Forgings Autoparts during 200001 the company will not get wind power any more. Company has also increased the installed capacity of Ring Spindles by 64 Nos.In 200001 there was an increase in production of fabrics on account of full commissioning fo additional looms. And the company is also drafted a modernisation scheme at the cost of Rs.39 crores and sent it to IDBI for its sanction.
OrganisationLakshmi Mills Company Ltd