Is Lokesh Machines a good quality company?

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

Is Lokesh Machines 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 Overvalued zone .

What is Lokesh Machines share price return in the past 10 years?

Lokesh Machines Ltd share price has appreciated 32.5% annually (CAGR) over the past ten years.

Is Lokesh Machines a good buy now?

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

Lokesh Machines Ltd - Stock Valuation and Financial Performance

Name: Lokesh Machines
Brand: Lokesh Machines

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

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Lokesh Machines Share Price

₹452 -18.95 -4.02%
as on 18-Apr'24 16:01

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	6.2%	5.9%	5.8%	6%	6.4%	7.1%	1.6%	5.7%	6.3%	6.7%	-
Value Creation Index ⓘ	-0.6	-0.6	-0.6	-0.6	-0.6	-0.5	-0.9	-0.6	-0.6	-0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	112	118	121	132	175	190	126	150	202	240	280
Sales YoY Gr.	-	5.7%	2.5%	8.9%	32.8%	8.9%	-33.9%	19.4%	34.4%	19.1%	-
Adj EPS ⓘ	0.4	0.2	1.5	1.2	2.5	3.7	-2.7	2.2	3.5	4.8	6.6
YoY Gr.	-	-52.5%	710.5%	-24%	110.3%	51.6%	-171.6%	NA	56.3%	37.8%	-
BVPS (₹) ⓘ	83	82.9	77.1	74	76.9	80.5	77.6	80	83.4	88.8	98.8
Adj Net Profit ⓘ	0.5	0.2	2.3	2	4.4	6.7	-4.8	4	6.2	8.6	12
Cash Flow from Ops. ⓘ	30.3	23.6	16.8	21.1	30.4	31.2	11.4	9.3	23.1	31.6	-
Debt/CF from Ops. ⓘ	4.1	4.9	6.7	4.6	2.8	2.5	7	9.3	3.8	2.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.9%	6.6%	24.1%	19.1%
Adj EPS ⓘ	31.7%	14.2%	NA	37.8%
BVPSⓘ	0.8%	2.9%	4.6%	6.5%
Share Price	32.5%	59.4%	108%	238.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	0.5	0.2	2.1	1.6	3.3	4.7	-3.4	2.8	4.3	5.6	7
Op. Profit Mgn % ⓘ	25.3	23.8	21.1	21.1	16.3	16.5	9.6	16.9	14.8	12	13.4
Net Profit Mgn % ⓘ	0.4	0.2	1.9	1.5	2.5	3.5	-3.8	2.7	3.1	3.6	4.3
Debt to Equity ⓘ	1.3	1.2	1	0.8	0.6	0.5	0.6	0.6	0.6	0.6	-
Working Cap Days ⓘ	398	388	383	368	273	246	374	320	250	222	111
Cash Conv. Cycle ⓘ	174	180	186	182	144	135	224	201	163	144	25

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 7.00%

Sales growth is growing at healthy rate in last 3 years 24.06%

Debt to equity has declined versus last 3 years average to 0.55

Sales growth is good in last 4 quarters at 16.85%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Lokesh Machines Ltd.

	Standalone	Consolidated
TTM EPS (₹)	6.6	-
TTM Sales (₹ Cr.)	280	-
BVPS (₹.) ⓘ	98.8	-
Reserves (₹ Cr.) ⓘ	164	-
P/BV ⓘ	4.77	-
PE ⓘ	71.89	-

From the Market
52 Week Low / High (₹)	125.25 / 472.75
All Time Low / High (₹)	12.80 / 469.00
Market Cap (₹ Cr.)	871
Equity (₹ Cr.)	18.5
Face Value (₹)	10
Industry PE ⓘ	35

Management X-Ray of Lokesh Machines:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

37.67

37.28

32.92

32.65

26.42

23.79

17.16

17.04

17.30

12.52

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

Valuation of Lokesh Machines

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

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Dividend History

Analyst's Notes

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Key Ratios of Lokesh Machines

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	112	118	121	132	175	190	126	150	202	240
Operating Expenses ⓘ	84	90	96	104	146	159	114	125	172	212
Manufacturing Costs	13	13	13	15	18	22	17	17	22	29
Material Costs	43	50	62	64	93	98	60	73	109	137
Employee Cost	22	21	24	26	30	31	30	27	37	46
Other Costs ⓘ	6	6	-3	-1	5	8	7	9	4	0
Operating Profit ⓘ	28	28	25	28	29	31	12	25	30	29
Operating Profit Margin (%)	25.2%	23.8%	21.0%	21.1%	16.3%	16.4%	9.6%	16.6%	14.7%	11.9%
Other Income ⓘ	1	1	1	0	1	1	0	1	1	4
Interest ⓘ	19	18	15	17	14	13	12	12	12	11
Depreciation ⓘ	9	9	7	8	8	9	9	8	9	9
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	2
Profit Before Tax ⓘ	1	3	4	3	7	10	-8	5	9	15
Tax ⓘ	1	2	1	1	2	3	-3	1	3	5
Profit After Tax	0	1	2	2	5	7	-5	4	6	10
PAT Margin (%)	0.4%	0.6%	1.8%	1.6%	2.7%	3.6%	-3.7%	2.6%	3.1%	4.0%
Adjusted EPS (₹)	0.4	0.6	1.5	1.2	2.6	3.8	-2.6	2.2	3.6	5.4
Dividend Payout Ratio (%)	128%	79%	34%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	98	98	113	126	138	144	139	143	149	159
Share Capital ⓘ	12	12	15	17	18	18	18	18	18	18
Reserves ⓘ	86	86	99	109	120	126	121	125	131	141
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	100	94	97	84	72	71	75	80	80	81
Long Term Debt	42	36	27	19	8	7	14	23	24	21
Short Term Debt	59	58	70	66	65	64	62	57	56	60
Trade Payables	22	26	30	29	28	37	28	27	28	30
Others Liabilities ⓘ	75	68	57	56	42	36	36	36	37	57
Total Liabilities ⓘ	295	286	297	295	280	288	278	287	294	326
Fixed Assets
Gross Block	177	161	185	176	205	208	214	231	240	253
Accumulated Depreciation	78	83	87	91	97	106	115	115	123	130
Net Fixed Assetsⓘ	99	78	99	86	109	102	100	116	117	122
CWIP ⓘ	35	41	29	41	19	25	26	5	7	16
Investmentsⓘ	8	8	6	2	2	2	2	2	2	1
Inventories	81	85	91	96	96	96	99	99	98	112
Trade Receivables	23	21	30	27	25	38	29	40	44	41
Cash Equivalents	3	11	3	2	3	4	3	6	5	7
Others Assetsⓘ	46	42	41	42	27	22	20	19	22	27
Total Assets ⓘ	295	286	297	295	280	288	278	287	294	326

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	30	24	17	21	30	31	11	9	23	32
PBT ⓘ	1	3	4	3	7	10	-8	5	9	15
Adjustment ⓘ	28	26	23	25	22	21	20	21	21	17
Changes in Working Capital ⓘ	3	-4	-8	-5	2	2	3	-16	-6	4
Tax Paid ⓘ	-2	-1	-1	-1	-1	-2	-3	-1	-1	-3
Cash Flow From Investing Activity ⓘ	-14	7	-12	-7	-5	-10	-2	-4	-11	-22
Capex	-14	6	-14	-7	-6	-10	-3	-1	-12	-23
Net Investments	0	0	2	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	-1	1	-3	1	1
Cash Flow From Financing Activityⓘ	-16	-22	-14	-15	-24	-21	-9	-5	-12	-10
Net Proceeds from Shares ⓘ	0	5	11	16	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-17	-18	-20	-15	-15	-14	-11	-13	-12	-11
Dividend Paid ⓘ	-1	-1	-1	-1	0	0	0	0	0	0
Others ⓘ	2	-9	-4	-15	-9	-7	2	8	0	1
Net Cash Flow ⓘ	0	8	-9	0	1	0	0	0	0	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	0.47	0.76	2.03	1.76	3.57	4.8	-3.31	2.81	4.34	6.28
ROCE (%)	9.06	9.37	8.46	8.81	9.49	10.42	1.65	7.98	9.25	10.45
Asset Turnover Ratio	0.47	0.48	0.51	0.54	0.73	0.79	0.52	0.62	0.81	0.91
PAT to CFO Conversion(x)	N/A	24	8.5	10.5	6	4.43	N/A	2.25	3.83	3.2
Working Capital Days
Receivable Days	69	58	63	63	45	51	83	72	65	55
Inventory Days	203	215	217	211	168	155	240	207	153	136
Payable Days	205	178	165	167	111	121	197	137	91	77

Lokesh Machines Ltd Stock News

Lokesh Machines Ltd FAQs

What is the share price of Lokesh Machines?

Company share prices are keep on changing according to the market conditions. The closing price of Lokesh Machines on 18-Apr-2024 16:01 is ₹452.0.

What is the market cap of Lokesh Machines?

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 18-Apr-2024 16:01 the market cap of Lokesh Machines stood at ₹871.1.

What is the P/E ratio of Lokesh Machines?

The latest P/E ratio of Lokesh Machines as of 18-Apr-2024 16:01 is 71.89.

What is the P/B ratio of Lokesh Machines?

The latest P/B ratio of Lokesh Machines as of 18-Apr-2024 16:01 is 4.77.

What is the 52-week high and low of Lokesh Machines?

The 52-week high of Lokesh Machines is ₹472.8 and the 52-week low is ₹125.2.

What is the TTM revenue of Lokesh Machines?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Lokesh Machines is ₹280.2 ( 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 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:

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.