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Lokesh Machines Ltd (LOKESHMACH)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532740 NSE: LOKESHMACH Engineering - Industrial Equipments | Small Cap | Lokesh Machines Share Price

₹264.90 8.90 (3.48%)

As on 12-Jun'26 16:59

Lokesh Machines Ltd (LOKESHMACH)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532740 NSE: LOKESHMACH Engineering - Industrial Equipments | Small Cap | Lokesh Machines Share Price

₹264.90 8.90 (3.48%)

As on 12-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹564 Cr.
Current Price
₹264.9
52-Week Low / High
₹138 / 284
TTM EPS
₹1.8
TTM Sales
₹209 Cr.
Book Value per Share
₹118.3
P/E Ratio
146.15
Higher than its 5-year historical median
Industry PE
55.7
Price to Book (P/B)
2.24
Higher than its 5-year historical median
Price to Sales (P/S)
2.70
Higher than its 5-year historical median
EV/EBITDA
18.40
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.27%
Underperforms industry median
Return on Capital Employed (ROCE)
4.87%
Underperforms industry median
Return on Assets (ROA)
0.13%
Operating Profit Margin
12.5%
Net Profit Margin
0.24%
Gross Profit Margin
5.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-22.22%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-29.39%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-96.1%
Asset Quality
Promoter Holding
53.60%
Pledged shares (%) of Promoter's holding (%)
15.33%
Reserves
₹231 Cr.
Equity
₹21.3 Cr.
Face Value
₹10
All Time Low / High
₹12.80 / 475.00

Lokesh Machines stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Lokesh Machines Ltd a good quality company?
Lokesh Machines Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Lokesh Machines Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Lokesh Machines Ltd vs industry peers?
Lokesh Machines Ltd revenue CAGR is 12.65%, compared to the industry median CAGR of 3.04%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Lokesh Machines Ltd?
Promoters hold 53.60% of the Lokesh Machines Ltd, with 15.33% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Lokesh Machines Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 12.7% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Lokesh Machines Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 8.5%8.8%9.5%10.4%1.7%8%9.3%10.5%11.4%4.9%-
Value Creation
Index
-0.4-0.4-0.3-0.3-0.9-0.4-0.3-0.3-0.2-0.7-

Growth Parameters

Sales 121132175190126150202240294228209
Sales YoY Gr.-8.9%32.8%8.9%-33.9%19.4%34.4%19.1%22.2%-22.2%-
Adj EPS 1.51.22.53.7-2.72.23.54.87.40.31.8
YoY Gr.--24%110.3%51.6%-171.6%NA56.3%37.8%55%-96.6%-
BVPS (₹) 77.17476.980.577.68083.488.8101108118.3
Adj Net
Profit
2.324.46.7-4.846.28.613.70.54
Cash Flow from Ops. 16.821.130.431.211.49.323.131.617.420.9-
Debt/CF from Ops. 6.74.62.82.579.33.82.86.86.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 7.3%12.7%4.2%-22.2%
Adj EPS -18.3%NA-58.4%-96.6%
BVPS3.8%6.8%9%6.9%
Share Price 12.4% 38.7% 19.8% 49.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2.11.63.34.7-3.42.84.35.67.70.21.6
Op. Profit
Mgn %
21.121.116.316.59.616.914.81213.812.518.3
Net Profit
Mgn %
1.91.52.53.5-3.82.73.13.64.70.21.9
Debt to
Equity
10.80.60.50.60.60.60.60.60.60.3
Working Cap
Days
383368273246374320250222198271200
Cash Conv.
Cycle
18618214413522420116314412317368

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales121132175190126150202240294228
Operating Expenses + 96104146159114125172212253200
Manufacturing Costs13151822171722293028
Material Costs626493986073109137167117
Employee Cost 24263031302737465453
Other Costs -3-158794011
Operating Profit 25282931122530294028
Operating Profit Margin (%) 21.0%21.1%16.3%16.4%9.6%16.6%14.7%11.9%13.7%12.5%
Other Income + 1011011421
Exceptional Items 0000000200
Interest 15171413121212111115
Depreciation 788998991014
Profit Before Tax 43710-85915211
Tax 1123-313570
Profit After Tax 2257-54610141
PAT Margin (%) 1.8%1.6%2.7%3.6%-3.7%2.6%3.1%4.0%4.7%0.2%
Adjusted EPS (₹)1.51.22.63.8-2.62.23.65.47.50.3
Dividend Payout Ratio (%)34.40%0%0%0%0%0%0%0%0%0%

Valuation of Lokesh Machines - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 113126138144139143149159187209
Share Capital 15171818181818181819
Reserves 99109120126121125131141168190
Debt +9784727175808081107117
Long Term Debt271987142324214551
Short Term Debt70666564625756606266
Minority Interest0000000000
Trade Payables30292837282728303736
Others Liabilities 57564236363637576065
Total Liabilities 297295280288278287294326391428

Fixed Assets

Net Fixed Assets +9986109102100116117122171204
Gross Block185176205208214231240253311357
Accumulated Depreciation879197106115115123130140154
CWIP 29411925265716167
Investments 6222222111
Inventories91969696999998112117137
Trade Receivables30272538294044414840
Cash Equivalents 3234365789
Others Assets 41422722201922272829
Total Assets 297295280288278287294326391428

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1721303111923321721
PBT 43710-85915211
Adjustment 23252221202121172129
Changes in Working Capital -8-5223-16-64-22-5
Tax Paid -1-1-1-2-3-1-1-3-2-4
Cash Flow From Investing Activity + -12-7-5-10-2-4-11-22-60-37
Capex -14-7-6-10-3-1-12-23-59-37
Net Investments 2000000000
Others 000-11-311-00
Cash Flow From Financing Activity + -14-15-24-21-9-5-12-104216
Net Proceeds from Shares 11160000001516
Net Proceeds from Borrowing 0000000000
Interest Paid -20-15-15-14-11-13-12-11-11-15
Dividend Paid -1-100-0-0-0-0-00
Others -4-15-9-728013916
Net Cash Flow -9-01-0-0-0-00-0-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)2.031.763.574.8-3.312.814.346.288.010.27
ROCE (%)8.468.819.4910.421.657.989.2510.4511.424.87
Asset Turnover Ratio0.510.540.730.790.520.620.810.910.960.66
PAT to CFO Conversion(x)8.510.564.43N/A2.253.833.21.2121
Working Capital Days
Receivable Days62.7063.5044.9051.2082.8071.906554.7047.3060.20
Inventory Days217.40210.80167.60155.10240207.20153.20136.10121.80172.30
Payable Days165.10167.50111.40120.50197.50137.2091.4076.7072.20113.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *12.526.697.547.547.148.0014.8414.5414.5415.33
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Lokesh Machines Ltd FAQs

The current trading price of Lokesh Machines on 12-Jun-2026 16:59 is ₹264.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Jun-2026 the market cap of Lokesh Machines stood at ₹564.1 Cr

The latest P/E ratio of Lokesh Machines as of 11-Jun-2026 is 146.2.

The latest P/B ratio of Lokesh Machines as of 11-Jun-2026 is 2.24.

The 52-week high of Lokesh Machines is ₹284.1 and the 52-week low is ₹138.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Lokesh Machines is ₹209 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Lokesh Machines Ltd is a average quality company.

The key valuation ratios of Lokesh Machines Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Lokesh Machines Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Lokesh Machines Ltd

Lokesh Machines was incorporated as a public limited company on December 17, 1983 in Hyderabad under the Companies Act, 1956 and obtained certificate for commencement of business on February 9, 1984. The Company is listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). 

Lokesh Machines (LML) has established itself as a specialist in manufacturing CNC Machines and Special Purpose Machines, Auto components and small arms. The company excels in producing Finish Cam & Crank Boring, Finish Barrel Boring, and Finish Joint Faces Milling machines besides the regular General-Purpose machines. It serves a diverse range of industries including automotive, agri-implements, gas turbines, aerospace, defence, medical devices and railways. Renowned as a leading exporter of CNC machines, it has built a robust global presence in markets such as Turkey, Italy, USA, the Middle East, etc. supported by a widespread dealer network spanning South Africa, Italy, Turkey, and Bahrain.

Business area of the company

The company is engaged in the business of manufacture of Special Purpose Machines (SPM), General Purpose Machines/CNC Lathes (GPM), Connecting Rods and machining of Cylinder Blocks and Heads. It exports CNC machines to Japan, Germany, Netherlands, Italy, Turkey. The company is a leader in Cam & Crank borers, Fine borers & Finish Milling machines.

Products of the company

CNC machines manufacturer

  • CNC turning centers
  • Vertical machining centres
  • Drill and tap centres
  • Vertical turning lathe
  • Horizontal machining centres

Special purpose machines

  • Transfer lines
  • Milling machines
  • Drilling machines
  • Boring machines

Automation

  • Gantry automation
  • Robotic automation
  • 4th axis automation
  • Customization of standard machines

Auto components

  • Cylinder blocks
  • Cylinder heads
  • Connecting rods

History and milestones

  • 1983-84: Incorporation of the company- Certificate of Commencement of Business
  • 1988-89: Entry into auto market, order received from Bajaj Auto - company achieves landmark of Rs. 1 crore turnover.
  • 1994-95: Turnover exceeds Rs. 5 crores for the first time- formation of auto component division.
  • 1995-96: Contract signed with Mahindra & Mahindra for machining cylinder blocks (1st line)- Bagged orders from Ashok Leyland and Escorts for SPMs- Investment in the shares of the company by Gujarat Venture Finance Ltd.
  • 1996-97: Crossed landmark of Rs 10 crore turnovers.
  • 1997-98: Formation of CNC Division.- Bagged orders for CNC Lathes from Bharat Forge
  • 1998-99: Formation of countrywide Dealer Network for CNC Division- Turnkey Contract signed with L & T John Deere Ltd. for total cylinder block semi automatic line supply.
  • 1999-2000: Crossed the landmark of Rs 20 crore turnover- Bagged and executed the first export order.
  • 2000-01: Signed contract for machining 2nd and 3rd machining line for Mahindra &Mahindra Cylinder Blocks.
  • 2002-03:  Best Exporter Award from Dr Sir M Visveswaraaiah Industrial Awards in the year 2001.
  • 2003-04: Japanese Auto major Honda Motors placed order with the company for supply of CNC machines to its Indian company. Tie up with Howa Machine Corporation Japan for manufacture of High-Speed Vertical Machining Centre for re-export.- Rs. 50 crore turnover achieved.- Certification for ISO 9001-2000 received for Machine Tool Division and QS - 9000 for Auto Components Division.
  • 2004-05: Export of 2 machines to AVM Angelini, Italy- Doubled capacity for supply of cylinder blocks to Mahindra & Mahindra - Export orders bagged for 25 machines valued at 375,000 Euro.
  • 2005-06: Bagged confirmed export orders for 42 machines valued at 630,000 Euro- Contract finalized with M/s Wenig-Wemas for export of lathes and VMCs to Europe- Recommendation obtained for TS-16949:2002 certification for quality management system for machining of automotive components.
  • 2023-24: The company has secured a commercial license for small arms manufacturing from the Ministry of Home Affairs and delivered over 100 weapon sets to government agencies.
  • 2023-24: The company unveiled India's first indigenous Laser-Based Direct Energy Deposition Hybrid Additive Manufacturing Machine for metals.
  • 2023-24: The company has started manufacturing forgings for the automotive sector.
  • 2023-24: The company has allotted 6,00,000 equity shares and 15,00,000 warrants on a preferential basis to the members of the Promoters Group and Non-Promoters.
  • 2023-24: The company has supplied a pilot lot of CNC machines to USA, marking a significant development and paving the way for increased orders in the coming months.

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