Lakshmi Machine Works Ltd - Stock Valuation and Financial Performance

BSE: 500252 | NSE: LAXMIMACH | Textile - Machinery | Small Cap

Lakshmi Machine Work Share Price

16,968.90 53.40 0.32%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Lakshmi Machine Work

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

akshmi Machine Works stock performance -

mw4me loader
P/E Ratio (SA):
46.42
Market Cap:
18,127.9 Cr.
52-wk low:
9,031
52-wk high:
17,675

Is Lakshmi Machine Works Ltd an attractive stock to invest in?

1. Is Lakshmi Machine Works Ltd a good quality company?

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

2. Is Lakshmi Machine Works Ltd undervalued or overvalued?

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

3. Is Lakshmi Machine Works Ltd a good buy now?

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

10 Year X-Ray of Lakshmi Machine Work:

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.
Lakshmi Machine Works 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 16.4%17.4%15.7%11.8%12.3%11.4%2%3.3%9.6%14.2%-
Value Creation
Index
0.20.20.1-0.2-0.1-0.2-0.9-0.8-0.30.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,2422,3852,5362,2132,4972,6361,5701,6903,0724,5334,862
Sales YoY Gr.-6.4%6.3%-12.7%12.8%5.6%-40.4%7.6%81.8%47.6%-
Adj EPS 149.1181.1191.8164.1182.2180.831.552.7169285.7365.6
YoY Gr.-21.5%5.9%-14.5%11%-0.8%-82.6%67.3%220.8%69.1%-
BVPS (₹) 980.31,118.81,334.41,404.31,571.51,582.31,550.41,666.41,858.32,1532,430
Adj Net
Profit
16820421618020019333.656.3181305390
Cash Flow from Ops. 12510310013216512586.3156477324-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.1%12.7%42.4%47.6%
Adj EPS 7.5%9.4%108.6%69.1%
BVPS9.1%6.5%11.6%15.9%
Share Price 18.4% 22.8% 38.1% 56%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
16.317.315.611.812.211.323.39.614.216
Op. Profit
Mgn %
11.512.112.611.610.710.21.53.97.58.99.5
Net Profit
Mgn %
7.58.68.58.187.32.13.35.96.78
Debt to
Equity
0000000000-
Working Cap
Days
849512317817717225823219917079
Cash Conv.
Cycle
121818181612179151329

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.00%

Sales growth is growing at healthy rate in last 3 years 42.39%

Net Profit is growing at healthy rate in last 3 years 108.56%

Sales growth is good in last 4 quarters at 14.62%

No data to display

Latest Financials - Lakshmi Machine Works Ltd.

Standalone Consolidated
TTM EPS (₹) 365.6 376.1
TTM Sales (₹ Cr.) 4,862 5,028
BVPS (₹.) 2,430 2,465.6
Reserves (₹ Cr.) 2,585 2,623
P/BV 6.98 6.88
PE 46.42 45.12
From the Market
52 Week Low / High (₹) 9030.95 / 17675.00
All Time Low / High (₹) 52.50 / 17675.00
Market Cap (₹ Cr.) 18,128
Equity (₹ Cr.) 10.7
Face Value (₹) 10
Industry PE 46.1

Management X-Ray of Lakshmi Machine Work:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Lakshmi Machine Work

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2,2422,3852,5362,2132,4972,6361,5701,6903,0724,533
Operating Expenses 1,9842,0962,2171,9582,2312,3671,5471,6242,8434,130
Manufacturing Costs218232254223260287210202332475
Material Costs1,3951,4671,5201,3011,5111,5699381,0361,9632,917
Employee Cost 227228239241260266231230303366
Other Costs 145169204193200245168156244372
Operating Profit 2582893192562662682465229403
Operating Profit Margin (%) 11.5%12.1%12.6%11.5%10.6%10.2%1.5%3.9%7.5%8.9%
Other Income 1151069891109106948381156
Interest 2210110000
Depreciation 103978375715050525673
Exceptional Items -8-9-5-5-4-37-2-22-170
Profit Before Tax 2612883282662992876474237485
Tax 7781108768897192757135
Profit After Tax 1842072201912111894547180350
PAT Margin (%) 8.2%8.7%8.7%8.6%8.5%7.2%2.9%2.8%5.8%7.7%
Adjusted EPS (₹)163.0184.1195.4174.0193.0177.242.144.4168.2327.8
Dividend Payout Ratio (%)18%20%20%20%21%20%24%23%24%30%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1,1041,2601,5031,5381,7221,6901,6561,7801,9852,300
Share Capital 11111111111111111111
Reserves 1,0931,2491,4921,5271,7111,6801,6461,7701,9752,289
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables292309295327420381341434569728
Others Liabilities 6265928658657695235177181,3161,146
Total Liabilities 2,0232,1622,6632,7302,9112,5942,5142,9323,8704,174

Fixed Assets

Gross Block1,6781,7494665286498148768849501,195
Accumulated Depreciation1,2951,3746566134166212225268332
Net Fixed Assets383374401462515648664659681863
CWIP 338321123011523
Investments 129129153126148189201351521581
Inventories281289299332306308274324497644
Trade Receivables183221208195263204119185323308
Cash Equivalents 879942956907970523619763461692
Others Assets1652056397046877106076401,3811,064
Total Assets 2,0232,1622,6632,7302,9112,5942,5142,9323,8704,174

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 12510310013216512586156477324
PBT 2612883282662992876474237485
Adjustment 4135-4-16-29-29-22-4-33
Changes in Working Capital -54-108-121-42-37-6282142311-72
Tax Paid -86-91-112-88-81-71-31-38-66-56
Cash Flow From Investing Activity -94-41-6668-2030-70-144-445-245
Capex -20-87-113-118-127-171-75-21-72-249
Net Investments 20-6650-51-43-58-111-40
Others -76465212110725149-65-26145
Cash Flow From Financing Activity -27-40-52-195-47-215-45-11-11-43
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0-1-10-1-10000
Dividend Paid -23-34-42-45-38-44-37-11-11-43
Others -4-6-9-150-8-170-8000
Net Cash Flow 322-18598-61-2912136
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)17.7917.5415.9312.5312.9711.092.692.769.5416.35
ROCE (%)25.4224.4923.8117.5418.3916.853.874.3212.5922.66
Asset Turnover Ratio1.271.231.140.90.910.960.610.620.91.13
PAT to CFO Conversion(x)0.680.50.450.690.780.661.913.322.650.93
Working Capital Days
Receivable Days23292830333238333025
Inventory Days38403947464368654946
Payable Days7175738790931401369381

Lakshmi Machine Works Ltd Stock News

Lakshmi Machine Works Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Lakshmi Machine Work on 12-Apr-2024 16:59 is ₹16,968.9.
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 12-Apr-2024 16:59 the market cap of Lakshmi Machine Work stood at ₹18,127.9.
The latest P/E ratio of Lakshmi Machine Work as of 12-Apr-2024 16:59 is 46.42.
The latest P/B ratio of Lakshmi Machine Work as of 12-Apr-2024 16:59 is 6.98.
The 52-week high of Lakshmi Machine Work is ₹17,675 and the 52-week low is ₹9,031.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Lakshmi Machine Work is ₹4,862 ( Cr.) .

About Lakshmi Machine Works Ltd

Lakshmi Machine Works Limited, a leading textile machinery manufacturer in India and one among the three in the world to produce the entire range of Spinning Machinery. In 1962, Lakshmi Machine Works (LMW) was founded to provide Indian textile mills with the latest Spinning Technology. It caters to the domestic market as well as exports products to the Asian and Oceanic regions.

LMW diversified into CNC Machine Tools and is a brand leader in manufacturing customised products. LMW Foundry makes Precision Castings for industries world over. LMW has added the Advanced Technology Centre to manufacture components for the aerospace industry.

Business area of the company

The company is engaged in the manufacturing and selling of textile spinning machinery, CNC Machine Tools, Heavy castings and parts and components for Aero space industry. The company caters to both domestic and international markets.

Business Division

  • Textile Machinery Division
  • Machine Tool Division
  • Foundry Division
  • Advanced Technology Centre

Awards

2014-15

  • TMMA, Apex Award for the year 2013-14
  • EEPC, Star Performer, Large Enterprises Regional Award for the year 2012-13
  • TMMA R & D Award for Ring Frame LRJ9

2015-16

  • EEPC Regional Export Award (Star Performer - Large Enterprise) for outstanding export performance during the year 2013-14
  • TMMA Segment Export Award under the category of Textile Machinery for the year 2014-15.
  • TMMA R&D Award for Card LC363 for the year 2014-15

2016-17

  • Star Performer Award for the year 2014-15 at the 47th EEPC India National Award.
  • Star Performer Award for the year 2015-16 at the 48th EEPC India National Award.
  • TMMA’s APEX Export Award for Textile Machinery & Parts during 2015-16.

2017-18

  • EEPC India Regional Award for outstanding export performance for the year 2015-16 (Star Performer - Large Enterprise).
  • TMMA R&D Award - Speed Frame LF 4200.
  • I - Mark recognition for good design - Mini Ring Frame LMR 9.

2018-19

  • TMMA Special Export Award 2017-18 - Spinning Machinery Sector
  • EEPC Southern Regional Award 2016-17 Star Performer - Large Enterprise
  • R&D Award from TMMA - for Draw frame LDF 3

2019-20

  • EEPC Regional Award under category “Star Performer-Large Enterprises” for the year 2017-18
  • TMMA “Segment Export Award” under the category Textile Machinery Sector for the year 2018-19
  • Gargi Huttenes-Albertus Green Foundry Award from Indian Institute of Foundrymen, Coimbatore Chapter
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