Lokesh Machines Ltd Stock Analysis

BSE: 532740 | NSE: LOKESHMACH | Engineering | Small Cap

BSE Share Price 25-Nov-2022 18:01
102.80 -0.05 (-0.05%)

DeciZen - Make an Informed Decision on Lokesh Machines

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Lokesh Machines Price Chart

P/E Ratio (SA) :
23.88
Market Cap :
184 Cr.
52-wk low :
47.6
52-wk high :
145.2
Bole Toh?

1. Is Lokesh Machines Ltd a good quality company?

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

2. Is Lokesh Machines Ltd undervalued or overvalued?

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

3. Is Lokesh Machines Ltd a good buy now?

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

10 Year X-Ray of Lokesh Machines:

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

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 7.3%6.2%5.9%5.8%6%6.4%7.1%1.6%5.7%6.3%-
Value Creation Index -0.5-0.6-0.6-0.6-0.6-0.6-0.5-0.9-0.6-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 140112118121132175190126150202230
YoY Gr. Rt. %--20.3%5.7%2.5%8.9%32.8%8.9%-33.9%19.4%34.4%-
Adj EPS 1.10.40.21.51.22.53.7-2.72.23.54.3
YoY Gr. Rt. %--64.9%-52.5%710.5%-24%110.3%51.6%-171.6%NA56.3%-
BVPS (₹) 83.28382.977.17476.980.577.68083.485.1
Adj Net Profit 1.30.50.22.324.46.7-4.846.28
Cash Flow from Ops. 27.230.323.616.821.130.431.211.49.323.1-
Debt/CF from Ops. 4.54.14.96.74.62.82.579.33.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.1%8.9%2%34.4%
Adj EPS 13.2%24.3%-2.4%56.3%
BVPS 02.41.24.3
Share Price 13.2% 7.9% 43.8% 94.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 1.40.50.22.11.63.34.7-3.42.84.35.1
Op. Profit Mgn % 22.725.323.821.121.116.316.59.616.914.813.7
Net Profit Mgn % 10.40.21.91.52.53.5-3.82.73.13.3
Debt to Equity 1.31.31.210.80.60.50.60.60.60.1
Working Cap Days 318398388383368273246374320249248
Cash Conv. Cycle 13817418018618214413522420116371

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.10%

Debt to equity has declined versus last 3 years average to 0.58

Sales growth is good in last 4 quarters at 31.19%

Sales growth has been subdued in last 3 years 1.96%

Net Profit has been subdued in last 3 years -2.38%

Latest Financials - Lokesh Machines Ltd.

Standalone Consolidated
TTM EPS (₹) 4.3 -
TTM Sales (₹ Cr.) 230 -
BVPS (₹.) 85.1 -
Reserves (₹ Cr.) 134 -
P/BV 1.21 -
PE 23.88 -
From the Market
52 Week Low / High (₹) 47.60 / 145.15
All Time Low / High (₹) 12.80 / 300.00
Market Cap (₹ Cr.) 184
Equity (₹ Cr.) 17.9
Face Value (₹) 10
Industry PE 23.7

Management X-Ray of Lokesh Machines :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *50.3350.3350.3348.1138.6837.6737.2832.9232.6526.42
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Lokesh Machines

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Lokesh Machines Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Lokesh Machines on 25-Nov-2022 18:01 is : 102.8.
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 25-Nov-2022 18:01 the market cap of Lokesh Machines stood at ₹ 184.0.
The latest PE ratio of Lokesh Machines as of 25-Nov-2022 18:01 is 23.88.
The latest PB ratio of Lokesh Machines as of 25-Nov-2022 18:01 is 1.21
The 52-week high of Lokesh Machines is ₹ 145.2 and the 52-week low is ₹ 47.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Lokesh Machines is ₹ 230.2 ( Cr.) .

About Lokesh Machines Ltd

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 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 team’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:

  • SCMS,  Japan
  • AVM Angelini- Italy.
  • Wenig Wemas, Germany
  • IMT Intermato, Italy

Product range of the company includes:

Special Purpose machine

  • Duplex Milling
  • Simplex Milling
  • Multi Spindle Drilling
  • Multi Spindle Tapping
  • Gun Drilling
  • Fine Boring
  • Broaching & more

Transfer Line

  • Linear Transfer Lines
  • Shuttle Type Transfer Lines
  • Auto Transfer Lines
  • Rotary Transfer Lines

Auto Component- The company specialize in supply of machine tools and accessories.

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 turnover.
  • 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 crores 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.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login | Register Now