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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Lakshmi Machine Works Ltd

About the Company - Lakshmi Machine Works Ltd

Lakshmi Machine Works Ltd. is a Public Limited Listed company incorporated on 14/09/1962 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L29269TZ1962PLC000463 and registration number is 000463. Currently Company is involved in the business activities of Manufacture of machinery for preparation of textile fibers, spinning machines, machines for preparing textile yarns, weaving machines (looms), including hand looms, knitting machines. Company’s Total Operating Revenue is Rs. 3071.59 Cr. and Equity Capital is Rs. 10.68 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - HeavySRK Vidyalaya Post, Perianaickenpalayam, Coimbatore Tamil Nadu 641020secretarial@lmw.co.in
http://www.lmwglobal.com
Management
NamePosition Held
Mr. Sanjay JayavarthanaveluChairman & Managing Director
Mr. K Soundhar RajhanDirector - Operations
Mr. S PathyDirector
Mr. Aditya HimatsingkaDirector
Dr. Mukund Govind RajanDirector
Mr. Aroon RamanDirector
Mr. Arun AlagappanDirector
Mr. T C Suseel KumarNominee Director
Mr. Jaidev JayavarthanaveluAdditional Director
Justice(Retd) Chitra VenkataramanDirector

Basic Stock Data of Lakshmi Machine Works Ltd

Last Updated: June 17, 2024, 8:27 pm

Market Cap 17,231 Cr.
Current Price 16,129
High / Low17,794/12,461
Stock P/E46.1
Book Value 2,531
Dividend Yield0.46 %
ROCE19.1 %
ROE14.8 %
Face Value 10.0
PEG Ratio0.64

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales4796844588039129989831,2121,2221,3031,1911,3201,214
Expenses4386404507378299088971,0921,0961,1851,0821,1841,096
Operating Profit4144766839186120125118109136118
OPM %8%6%2%8%9%9%9%10%10%9%9%10%10%
Other Income2011115211525433248363532
Interest0000000000001
Depreciation14141415151516192122232423
Profit before tax4742-666899094144137144122147125
Tax %29%37%-55%34%27%8%23%28%17%35%23%22%21%
Net Profit3326-1044648373104113949411599
EPS in Rs31.1324.38-8.9740.7560.2577.4467.9897.63105.7788.0987.80107.7592.46

Last Updated: June 4, 2024, 1:00 am

Lakshmi Machine Works Ltd Quarterly Chart

Lakshmi Machine Works Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,3052,0172,3382,4882,8632,4992,6432,7121,5741,7273,1714,7195,036
Expenses2,0361,7892,0652,1772,5252,2402,3672,4381,5631,6572,9244,2694,548
Operating Profit2692282733113382592762741171247450488
OPM %12%11%12%12%12%10%10%10%1%4%8%10%10%
Other Income847610291888410365925651147152
Interest6121101110000
Depreciation120119104100888076555556607889
Profit before tax2281842683013372623022834771238519551
Tax %39%29%30%27%33%29%29%34%41%37%24%26%
Net Profit1391301892202271862151852845181384416
EPS in Rs123.22115.02167.81194.97201.78170.15195.92173.5325.9941.75169.47359.47389.41
Dividend Payout %41%17%18%19%20%21%20%20%38%24%24%27%

Lakshmi Machine Works Ltd Profit & Loss Yearly Chart

Lakshmi Machine Works Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:12%
3 Years:44%
TTM:14%
Compounded Profit Growth
10 Years:11%
5 Years:12%
3 Years:144%
TTM:8%
Stock Price CAGR
10 Years:19%
5 Years:24%
3 Years:39%
1 Year:52%
Return on Equity
10 Years:12%
5 Years:9%
3 Years:11%
Last Year:17%

Last Updated: May 1, 2024, 10:38 pm

Lakshmi Machine Works Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11111111111111111111111111
Reserves8739451,0971,2711,5231,5471,7361,7001,6501,7701,9802,3282,525
Borrowings0000003300000
Other Liabilities1,0708839609568638088857436869771,6561,7521,778
Total Liabilities1,9541,8392,0682,2372,3972,3672,6352,4572,3462,7583,6464,0904,314
Fixed Assets552442393439464520570699711701721903918
CWIP1014366862112301162416
Investments64646464886183124136286448508618
Other Assets1,3271,3181,5761,7291,8381,7801,9611,6211,4701,7602,4712,6542,761
Total Assets1,9541,8392,0682,2372,3972,3672,6352,4572,3462,7583,6464,0904,314

Lakshmi Machine Works Ltd Reserves and Borrowings Chart

Lakshmi Machine Works Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 17681151131811372119974157485364
Cash from Investing Activity -148-29-114-54-6468-2329-70-144-448-242
Cash from Financing Activity -40-65-27-40-52-195-44-215-49-11-11-43
Net Cash Flow-11-131036-359144-88-4522679

Lakshmi Machine Works Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days242224303028342625383718
Inventory Days66808578698578741121209485
Days Payable758080816880978512915010081
Cash Conversion Cycle1621292831321515873122
Working Capital Days-34-22-15-15-8-3-10-5-10-23-16-16
ROCE %27%20%25%26%24%16%18%18%2%5%14%23%

Lakshmi Machine Works Ltd Financial Efficiency Indicators Chart

Bharat Dynamics Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters31.13%31.13%31.13%31.13%31.13%31.13%31.13%31.13%31.13%31.13%31.13%31.13%
FIIs3.65%3.81%4.17%4.24%4.29%4.71%4.90%5.07%5.04%4.93%4.97%5.24%
DIIs12.46%12.61%12.17%11.89%11.89%11.98%12.03%11.90%10.96%11.28%11.28%11.15%
Public52.76%52.45%52.53%52.74%52.69%52.16%51.93%51.88%52.86%52.64%52.60%52.47%
No. of Shareholders35,78633,39833,42835,24534,18133,48333,22333,06033,65433,94534,17332,761

Lakshmi Machine Works Ltd Shareholding Pattern Chart

No. of Lakshmi Machine Works Ltd Shareholders

Lakshmi Machine Works Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Balanced Advantage Fund - Regular Plan152,2230.3120113,4462024-06-171032.11%
HSBC Small Cap Fund - Regular Plan108,7151.24143.5513,4462024-06-17708.53%
Nippon India Small Cap Fund54,4600.1971.9113,4462024-06-17305.03%
Mahindra Manulife Small Cap Fund13,4460.7917.7513,4462024-06-170%
Mahindra Manulife Mid Cap Fund10,4910.8913.8513,4462024-06-17-21.98%
Mahindra Manulife Business Cycle Fund5,4761.537.2313,4462024-06-17-59.27%
Mahindra Manulife Aggressive Hybrid Fund4,7000.756.2113,4462024-06-17-65.05%
Nippon India Nifty Smallcap 250 Index Fund3,7450.694.9413,4462024-06-17-72.15%
Motilal Oswal Nifty Smallcap 250 Index Fund2,3500.693.113,4462024-06-17-82.52%
SBI Nifty Smallcap 250 Index Fund1,7250.692.2813,4462024-06-17-87.17%

Lakshmi Machine Works Ltd ROCE Trend

Lakshmi Machine Works Ltd EPS Trend

Lakshmi Machine Works Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)349.77359.47169.4741.7526.00
Diluted EPS (Rs.)349.77359.47169.4741.7526.00
Cash EPS (Rs.)440.07432.23225.3893.8277.72
Book Value[Excl.RevalReserv]/Share (Rs.)2531.502189.041862.941666.471554.20
Book Value[Incl.RevalReserv]/Share (Rs.)2531.502189.041862.941666.471554.20
Revenue From Operations / Share (Rs.)4396.874417.442968.221616.941473.84
PBDIT / Share (Rs.)541.67558.78295.14139.6298.42
PBIT / Share (Rs.)451.46486.02239.2487.5546.70
PBT / Share (Rs.)451.46486.02223.0866.7744.17
Net Profit / Share (Rs.)349.87359.47169.4741.7526.00
NP After MI And SOA / Share (Rs.)349.87359.47169.4741.7526.00
PBDIT Margin (%)12.3112.649.948.636.67
PBIT Margin (%)10.2611.008.055.413.16
PBT Margin (%)10.2611.007.514.122.99
Net Profit Margin (%)7.958.135.702.581.76
NP After MI And SOA Margin (%)7.958.135.702.581.76
Return on Networth / Equity (%)13.8216.429.092.501.67
Return on Capital Employeed (%)16.2119.0810.474.822.86
Return On Assets (%)9.269.384.961.611.18
Asset Turnover Ratio (%)1.161.180.960.660.65
Current Ratio (X)2.151.651.532.012.13
Quick Ratio (X)1.561.131.101.591.66
Inventory Turnover Ratio (X)4.465.134.783.403.08
Dividend Payout Ratio (NP) (%)0.0011.125.9023.95134.62
Dividend Payout Ratio (CP) (%)0.009.254.4310.6545.03
Earning Retention Ratio (%)0.0088.8894.1076.05-34.62
Cash Earning Retention Ratio (%)0.0090.7595.5789.3554.97
Interest Coverage Ratio (X)0.000.003692.041841.45173.71
Interest Coverage Ratio (Post Tax) (X)0.000.002322.07824.6250.35
Enterprise Value (Cr.)15240.679890.859793.016470.331819.17
EV / Net Operating Revenue (X)3.252.103.093.751.16
EV / EBITDA (X)26.3516.5731.0643.3817.30
MarketCap / Net Operating Revenue (X)3.452.263.244.201.56
Retention Ratios (%)0.0088.8794.0976.04-34.62
Price / BV (X)5.994.555.174.071.48
Price / Net Operating Revenue (X)3.452.263.244.201.56
EarningsYield0.020.030.010.010.01

Lakshmi Machine Works Ltd Profitability Ratios (%)

Lakshmi Machine Works Ltd Liquidity Ratios

Lakshmi Machine Works Ltd Liquidity Ratios (%)

Lakshmi Machine Works Ltd Interest Coverage Ratios (%)

Lakshmi Machine Works Ltd Valuation Ratios

Fair Value

Fair Value: 17,347.94

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 7.56% compared to the current price 16129

Intrinsic Value: 29,810.42

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 84.82% compared to the current price ₹16129

Last 5 Year EPS CAGR: 71.84%

*Investments are subject to market risks

Strength and Weakness of Lakshmi Machine Works Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 18.17%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -14.75, which is a positive sign.
  3. The company has higher reserves (1,611.15 cr) compared to borrowings (0.46 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (2.31 cr) and profit (276.23 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 21.25, which may not be favorable.

FAQ

What is the latest fair value of Lakshmi Machine Works Ltd?

The latest fair value of Lakshmi Machine Works Ltd is ₹17347.94.

What is the Market Cap of Lakshmi Machine Works Ltd?

The Market Cap of Lakshmi Machine Works Ltd is 17,231 Cr..

What is the current Stock Price of Lakshmi Machine Works Ltd as on 18 June 2024?

The current stock price of Lakshmi Machine Works Ltd as on 18 June 2024 is ₹16,129.

What is the High / Low of Lakshmi Machine Works Ltd stocks in FY 2024?

In FY 2024, the High / Low of Lakshmi Machine Works Ltd stocks is 17,794/12,461.

What is the Stock P/E of Lakshmi Machine Works Ltd?

The Stock P/E of Lakshmi Machine Works Ltd is 46.1.

What is the Book Value of Lakshmi Machine Works Ltd?

The Book Value of Lakshmi Machine Works Ltd is 2,531.

What is the Dividend Yield of Lakshmi Machine Works Ltd?

The Dividend Yield of Lakshmi Machine Works Ltd is 0.46 %.

What is the ROCE of Lakshmi Machine Works Ltd?

The ROCE of Lakshmi Machine Works Ltd is 19.1 %.

What is the ROE of Lakshmi Machine Works Ltd?

The ROE of Lakshmi Machine Works Ltd is 14.8 %.

What is the Face Value of Lakshmi Machine Works Ltd?

The Face Value of Lakshmi Machine Works Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Lakshmi Machine Works Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE