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LMW Ltd (LMW)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500252 NSE: LMW Textile - Machinery | Small Cap | LMW Share Price

₹17,784.75 -398.05 (-2.19%)

As on 18-Sep'26 16:59

LMW Ltd (LMW)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500252 NSE: LMW Textile - Machinery | Small Cap | LMW Share Price

₹17,784.75 -398.05 (-2.19%)

As on 18-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹18,999 Cr.
Current Price
₹17,784.8
52-Week Low / High
₹11,729 / 20,150
TTM EPS
₹163.6
TTM Sales
₹3,374 Cr.
Book Value per Share
₹2,735.2
P/E Ratio
108.70
Higher than its 5-year historical median
Industry PE
76
Price to Book (P/B)
6.50
Higher than its 5-year historical median
Price to Sales (P/S)
5.63
Higher than its 5-year historical median
EV/EBITDA
48.01
Higher than its 5-year historical median
Dividend Yield
0.2%
Profitability Efficiency
Return on Equity (ROE)
4.63%
Outperforms industry median
Return on Capital Employed (ROCE)
6.44%
Underperforms industry median
Return on Assets (ROA)
2.95%
Operating Profit Margin
5.3%
Net Profit Margin
4.08%
Gross Profit Margin
9.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
5.93%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
26.16%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
27.4%
Asset Quality
Promoter Holding
30.80%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,911 Cr.
Equity
₹10.7 Cr.
Face Value
₹10
All Time Low / High
₹52.50 / 20149.95

LMW stock performance

Key Ratios
mw4me loader

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Check Before You Invest

Quality

Somewhat Good
Check detailed performance

Valuation

Overvalued

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
Q.1 Is LMW Ltd a good quality company?
LMW 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.

View More

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.

View More
How does LMW Ltd performance compare with that of its Peers?
Q.1 Revenue growth of LMW Ltd vs industry peers?
LMW Ltd revenue CAGR is 13.18%, compared to the industry median CAGR of 2.79%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of LMW Ltd?
Promoters hold 30.80% of the LMW Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of LMW Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 15.3% based on the current price.
View More

10 Year X-Ray :

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.
LMW 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ17.5%18.4%16.9%3.9%4.3%12.6%22.7%19.3%10.4%7.1%-
Value Creation
Index ⓘ		0.30.40.3-0.7-0.7-0.10.70.4-0.2-0.5-

Growth Parameters ⓘ
Sales ⓘ2,2132,4972,6361,5701,6903,0724,5334,5972,9093,0823,250
Sales YoY Gr.-12.8%5.6%-40.4%7.6%81.8%47.6%1.4%-36.7%5.9%-
Adj EPS ⓘ164.1182.2180.831.552.7169282.6334.1130.5118.6183
YoY Gr.-11%-0.8%-82.6%67.3%220.8%67.3%18.3%-61%-9.1%-
BVPS (₹) ⓘ1,404.31,571.51,582.31,550.41,666.41,858.32,153.62,492.82,6892,781.52,842.5
Adj Net
Profit ⓘ		18020019333.656.3181302357139127195
Cash Flow from Ops. ⓘ13216512586.315647732414026.3154-
Debt/CF from Ops. ⓘ0000000000-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ3.8%12.8%-12.1%5.9%
Adj EPS ⓘ-3.5%17.6%-25.1%-9.1%
BVPSⓘ7.9%10.8%8.9%3.4%
Share Price 15.3% 17.5% 6.1% 17.2%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		11.812.211.323.39.614.114.454.36.5
Op. Profit
Mgn % ⓘ		11.610.710.21.53.97.58.99.44.76.47.6
Net Profit
Mgn % ⓘ		8.187.32.13.35.96.77.84.84.16
Debt to
Equity ⓘ		0000000000-
Working Cap
Days ⓘ		178177172258232199170146179166136
Cash Conv.
Cycle ⓘ		181612179151310191676

Valuation of LMW - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales2,2802,5812,7121,5741,7273,1714,7194,6963,0123,207
Operating Expenses ⓘ + 2,0212,3062,4381,5631,6602,9244,2704,2612,8783,038
Manufacturing Costs226265291206205337482510388373
Material Costs1,3481,5631,6179401,0512,0073,0072,9741,8421,986
Employee Cost 252271278240238314380412381390
Other Costs ⓘ 196207251178166265401365267289
Operating Profit ⓘ 2592752741167247449435134169
Operating Profit Margin (%) 11.4%10.7%10.1%0.7%3.9%7.8%9.5%9.3%4.4%5.3%
Other Income ⓘ + 88108102948268148144130146
Exceptional Items ⓘ -5-4-37-2-22-17000-13
Interest ⓘ 0111000000
Depreciation ⓘ 8076555556607896113120
Profit Before Tax ⓘ 2623022834771238519482151182
Tax ⓘ 7688971927571351094951
Profit After Tax 1862151852845181384374103131
PAT Margin (%) 8.2%8.3%6.8%1.8%2.6%5.7%8.1%8.0%3.4%4.1%
Adjusted EPS (₹)170.2195.9173.526.041.8169.5359.6349.996.1122.4
Dividend Payout Ratio (%)20.60%20.40%20.20%38.50%24%23.60%27.40%21.40%31.20%28.60%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1,5581,7471,7101,6601,7801,9902,3392,7042,7772,867
Share Capital ⓘ 11111111111111111111
Reserves ⓘ 1,5471,7361,7001,6501,7701,9792,3282,6932,7672,856
Debt +0330000000
Long Term Debt0330000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables345432375333432550668530522621
Others Liabilities ⓘ 8818115365267361,3541,1941,0179731,097
Total Liabilities ⓘ 2,7852,9922,6252,5182,9483,8954,2004,2514,2724,585

Fixed Assets

Net Fixed Assets ⓘ +520570699711701721903972990946
Gross Block5967208869489561,0231,2731,4281,5471,613
Accumulated Depreciation76149187238255302370456557667
CWIP ⓘ 621123011624941
Investments ⓘ 6183124136286448508641701706
Inventories364346326288345515702620571575
Trade Receivables190247193107178322233130177280
Cash Equivalents flag ⓘ 9231,0325586387824957619551,3531,264
Others Assets ⓘ 7216937136086451,3871,069925475813
Total Assets ⓘ 2,7852,9922,6252,5182,9483,8954,2004,2514,2724,585
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 137211997415748536414129177
PBT ⓘ 2623022834771238519482151182
Adjustment ⓘ 1-11-23-24-18-0-29-21-37
Changes in Working Capital ⓘ -364-8580142310-68-202-10254
Tax Paid ⓘ -90-85-76-29-39-63-58-119-18-66
Cash Flow From Investing Activity ⓘ + 68-2329-70-144-448-242-7473110
Capex -119-130-172-76-21-74-253-149-125-58
Net Investments 650-51-43-58-111-40-1320-7
Others ⓘ 12210825249-65-2625188178174
Cash Flow From Financing Activity ⓘ + -195-44-215-49-11-11-43-105-80-32
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 03-0-3000000
Interest Paid ⓘ -0-1-1-1-0-00000
Dividend Paid ⓘ -45-38-44-37-11-11-43-105-80-32
Others ⓘ -150-8-170-8-0-0-0-0-0-0
Net Cash Flow ⓘ 9144-88-4522679-3922255
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)12.0512.9910.721.652.599.617.7414.823.744.63
ROCE (%)1718.3316.392.834.1512.6523.9919.125.526.44
Asset Turnover Ratio0.90.920.970.610.630.931.171.110.710.72
PAT to CFO Conversion(x)0.740.980.542.643.492.680.950.380.281.35
Working Capital Days
Receivable Days31.2030.2029.6034.8030.2028.8021.5014.1018.6026
Inventory Days51.304945.2071.2066.9049.5047.1051.4072.2065.20
Payable Days91.8090.7091.10137.40132.7089.3073.9073.50104.20105

Top 5 Mutual Funds Holding

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Announcements

LMW Ltd FAQs

The current trading price of LMW on 18-Sep-2026 16:59 is ₹17,784.8.

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 17-Sep-2026 the market cap of LMW stood at ₹18,999.5 Cr

The latest P/E ratio of LMW as of 17-Sep-2026 is 97.20.

The latest P/B ratio of LMW as of 17-Sep-2026 is 6.26.

The 52-week high of LMW is ₹20,150 and the 52-week low is ₹11,729.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of LMW is ₹3,250 ( Cr.) .

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

The key valuation ratios of LMW 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 Semi Strong which suggest that the price of LMW Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About LMW Ltd

LMW Limited (formerly Lakshmi Machine Works Limited), is 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, 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.

The company has built a reputation in the machine tools sector, offering high-precision turning and machining centres. LMW also manufactures high-precision foundry castings that are used in diverse industries in India and across the globe. For its advanced technology centre vertical, the company collaborates closely with global aircraft manufacturers/Tier 1 suppliers and leading domestic players, showcasing its disciplined dedication to meeting stringent global quality benchmarks.

Business area of the company

LMW 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: Among the limited manufacturers globally that provide a complete range of textile spinning machinery.
  • Machine Tool Division: India’s most comprehensive assortment of machine tools, providing state-of-theart Turning Centres, Machining Centres, and Turnmill Centres designed to meet manufacturing requirements.
  • Foundry Division: It serves as the constant support system for the TMD and MTD, while also producing precision castings for prominent international clients.
  • Advanced Technology Centre: Designs and manufactures high-quality components and sub-assemblies for the global aerospace sector.

Product Ranges

Turning

  • Smart Series
  • S Turn I
  • LX Series
  • LL Series
  • LF Series
  • LR Series
  • LTV Series

Milling

  • JD Series
  • JG Series
  • J Series
  • JV Series
  • JU Series
  • JH Series

Turnmill

  • S Turn Series
  • LL Series
  • LR Series
  • LTV Series

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

2020-21

  • TMMA - Best R&D Award for the product ‘Draw Frame LDB 3’.
  • CII Industrial innovation awards 2020 under the category ‘Top 25 innovative company’.
  • CII Industrial innovation awards 2020 under the category ‘Most innovative company’.

2021-22

  • TMMA - Segment Export Award under the category Textile Machinery Sector during 2020-21.
  • Best Metal Cutting Brand Award 2021 from The Economic Times.

2022-23

  • Textile Machinery Manufacturers' Association (TMMA) - Research and Development award 2021-22 in Textile Machinery sector for innovation in Speed frame LF4280 SX.
  • TMMA - Research and Development award 2021-22 in Textile Machinery sector for innovation in Comber LK69 S.
  • Par Excellence award for Foundry Division from Quality Circle Forum of India.
  • GreenCo Platinum certification for Foundry Division from Confederation of Indian Industry.
  • Star performer award from EEPC India Southern Region.
  • Apex Export Award for the year 2021-22 from TMMA.

2023-24

  • CII recognition of the Company as one among the Top 50 innovative companies in India.
  • Textile Machinery Manufacturers Association’s Segment Export Award for the year 2022-23.
  • Textile Machinery Manufacturers Association’s R&D Award for the products Card LC631S and LC636S.

2024-25

  • Textile Machinery Manufacturers Association, Research and Development award for 2023-24 for Ring Frame Auto Piecer (RAP).
  • Textile Machinery Manufacturers Association, Research and Development award for 2023-24 for Draw Frame LDF3 2S.
  • Textile Machinery Manufacturers Association, Segment Export Award for 2023-24.
  • Engineering Export Promotion Council of India, Star Performer Award in the category of Large Enterprises for the years 2019-20 and 2020-21.
  • Indian Institute of Foundrymen, Best Foundry Award for the year 2023-24.
  • Quality Circle Forum of India, Excellence Awards at National Level 5S competition.
  • The Company’s Foundry Division is certified with the GreenCo Platinum certification by the Confederation of Indian Industry.

Milestone

  • 1962: LMW established.
  • 1966: First drawframe & speed frame machines manufactured.
  • 1968: First ring frame machine manufactured (Ringframe DJ5).
  • 1972: First Comber manufactured (Comber LE7/4).
  • 1977: LMW commences overseas despatches and first card manufactured (Card C1/2).
  • 1978: LMW becomes a complete spinning system solution provider.
  • 1983: LMW’s TMD Unit-2 commissioned.
  • 1984: Started manufacturing Rotor LM1/2.
  • 1994: RLM joint venture.
  • 2008: Establishment of wholly owned subsidy in China.
  • 2011: Acquisition of RLM.
  • 2012: Golden Jubilee Year.
  • 2015: LMW becomes 2nd largest supplier of Ring Spinning machine in China.
  • 2016: Launch of TQM.
  • 2016-17: Partnered with Japanese consultants for aligning operational systems and process with global best practices for developing more efficient and accurate Mother machines.
  • 2016-17: Introduced high-speed Vertical Machining Centres which improved component accuracies and reduced the manufacturing cycle time.
  • 2016-17: Launched the e-service solutions which facilitated in becoming closer to the customer – and provided faster service.
  • 2019: Commenced the assembly of Machine Tools at its Machine Tool Division facility located in Coimbatore in the state of Tamil Nadu, for DMG Mori Company, Japan and supply the same to Mori Seiki India.
  • 2020: The company launched SpinConnect, a solution that allows the customer and LMW to check, control and alter multiple operational parameters to improve machine efficiency from anywhere in the world.
  • 2021: Incorporated a wholly owned subsidiary company named ‘LMW Aerospace Industries’ to enable selective focus upon company's aerospace related activities.
  • 2022: Incorporated a wholly owned subsidiary company namely ‘LMW Middle East FZE’ located at Jebel Ali Free Zone, Dubai, United Arab Emirates.
  • 2024: Received in-principal approval for incorporation of a Wholly Owned Subsidiary company in the United Arab Emirates for an investment amount not exceeding $25 million.
  • 2025: Received approval for additional investment in wholly owned subsidiary -- LMW Holding, DIFC, United Arab Emirates.
  • 2025: Signed a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu (GoTN) through its Nodal Agency ‘Guidance’.

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