SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Lakshmi Machine Works gains on inking MoU with Govt of Tamil Nadu

25 Jan 2019 Evaluate

Lakshmi Machine Works is currently trading at Rs. 5507.20, up by 42.15 points or 0.77% from its previous closing of Rs. 5465.05 on the BSE.

The scrip opened at Rs. 5505.80 and has touched a high and low of Rs. 5555.00 and Rs. 5490.00 respectively. So far 155 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9380.00 on 09-May-2018 and a 52 week low of Rs. 5353.05 on 21-Jan-2019.

Last one week high and low of the scrip stood at Rs. 5658.25 and Rs. 5353.05 respectively. The current market cap of the company is Rs. 5883.34 crore.

The promoters holding in the company stood at 30.83%, while Institutions and Non-Institutions held 20.47% and 48.70% respectively.

Lakshmi Machine Works has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu at the Global Investors Meeting (GIM) held at Chennai on January 24, 2019. As per the MoU the Company proposes to invest Rs 600 crore over a period until 2024 in its existing business operations.

The investment funded through internal accruals would be for modernizing/upgrading existing business operations of the company in the areas of Textile Machinery, Machine Tools, Foundry castings and Aerospace products. As per the MoU the Government of Tamil Nadu will support by extending fiscal and other incentives, infrastructural support like uninterrupted power supply and regulatory facilitation.

Lakshmi Machine Works is one among the three manufacturers of the entire range of Textile Machinery. LMW diversified into CNC Machine Tools and is a brand leader in manufacturing customized products.

LMW Share Price

14357.85 512.40 (3.70%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
LMW 14357.85
Stovec Inds 2005.30
Harish Textile Engin 69.90
Veejay Lakshmi Engg 37.83
Meera Industries 59.68
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×