The 5-year analysis of Lokesh Machines Ltd's performance infers:
We analysed the performance of Lokesh Machines Ltd share prices over the last 10 years. Here is what we found out:
Lokesh Machines Ltd. 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 was promoted by Mr. M Lokeswara Rao, who started this company after gaining significant insights into the nuances of machine and machine tool manufacturing during his stint of over 16 years as a shop-floor executive of HMT Ltd.
They operate in the machine tool industry. They
They operate in the machine tool industry. They have strong backing of promoters with over three decades of experience in the machine tool industry. Their professional team is richly experienced in design, development, production, supply of machine tools, jigs, fixtures and accessories needed for precision engineering. This highly charged teamâ€™s commitment has won them various clients.
LML achieved a significant breakthrough by winning a prestigious turnkey order from M/s John Deere, Pune for their green field tractor project for supply of total manufacturing line for cylinder blocks, against stiff competition.
LML has also bagged a prestigious export order from M/s FPT Industrie Spa of Italy, for supply of milling and boring machines and successfully supplied over 35 machines and made its presence in the European markets. This order was a stepping-stone for the company in fulfilling its strategic initiative of becoming an exporter of machine tool products from India. Recently LML has also supplied about eight machines to Honda Motor cycles and scooters, Japan for their Indian requirement. LML had developed machines and supplied to HOWA, Japan under a long term contract and to Italy and the turnover from exports during the year 2004-05 was Rs.598 lakhs.
The company also entered the auto component segment by setting up dedicated lines of machines for manufacture and supply of cylinder blocks for Mahindra & Mahindra Limited (M&M) for their tractor, jeep and Scorpio divisions.
Technical partners of the company:
Product range of the company includes:
Special Purpose machine
Auto Component- The company specialize in supply of machine tools and accessories.