Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 22 February, 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

Lakshmi Machine Works Ltd. Share Price Update

Share PriceValue
Today₹13,750.00
Previous Day₹13,816.25

Basic Stock Data of Lakshmi Machine Works Ltd

Market Cap 15,682 Cr.
Current Price 14,680
High / Low15,501/9,031
Stock P/E39.0
Book Value 2,373
Dividend Yield0.66 %
ROCE22.9 %
ROE17.0 %
Face Value 10.0

Data Source: screener.in

Lakshmi Machine Works Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales3964796844588039129989831,2121,2221,3031,1911,320
Expenses3824386404507378299088971,0921,0961,1851,0821,184
Operating Profit144144766839186120125118109136
OPM %4%8%6%2%8%9%9%9%10%10%9%9%10%
Other Income920111152115254332483635
Interest0000000000000
Depreciation14141414151515161921222324
Profit before tax94742-666899094144137144122147
Tax %19%29%37%-55%34%27%8%23%28%17%35%23%22%
Net Profit73326-10446483731041139494115
EPS in Rs6.4731.1324.38-8.9740.7560.2577.4467.9897.63105.7788.0987.80107.75

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:22%
3 Years:33%
1 Year:31%
Return on Equity
10 Years:12%
5 Years:9%
3 Years:11%
Last Year:17%

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

Lakshmi Machine Works Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters31.11%31.13%31.13%31.13%31.13%31.13%31.13%31.13%31.13%31.13%31.13%31.13%
FIIs3.21%3.65%3.81%4.17%4.24%4.29%4.71%4.90%5.07%5.04%4.93%4.97%
DIIs12.53%12.46%12.61%12.17%11.89%11.89%11.98%12.03%11.90%10.96%11.28%11.28%
Public53.14%52.76%52.45%52.53%52.74%52.69%52.16%51.93%51.88%52.86%52.64%52.60%
No. of Shareholders35,41535,78633,39833,42835,24534,18133,48333,22333,06033,65433,94534,173

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)
HDFC Balanced Advantage Fund - Regular Plan1522230.31201
HSBC Small Cap Fund - Regular Plan1087151.24143.55
Nippon India Small Cap Fund544600.1971.91
Mahindra Manulife Small Cap Fund134460.7917.75
Mahindra Manulife Mid Cap Fund104910.8913.85
Mahindra Manulife Business Cycle Fund54761.537.23
Mahindra Manulife Aggressive Hybrid Fund47000.756.21
Nippon India Nifty Smallcap 250 Index Fund37450.694.94
Motilal Oswal Nifty Smallcap 250 Index Fund23500.693.1
SBI Nifty Smallcap 250 Index Fund17250.692.28

Lakshmi Machine Works Ltd ROCE Trend

Lakshmi Machine Works Ltd EPS Trend

Lakshmi Machine Works Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)359.47169.4741.7526.00170.56
Diluted EPS (Rs.)359.47169.4741.7526.00170.56
Cash EPS (Rs.)432.23225.3893.8277.72225.35
Book Value[Excl.RevalReserv]/Share (Rs.)2189.041862.941666.471554.201600.96
Book Value[Incl.RevalReserv]/Share (Rs.)2189.041862.941666.471554.201600.96
Revenue From Operations / Share (Rs.)4417.442968.221616.941473.842538.39
PBDIT / Share (Rs.)558.78295.14139.6298.42352.22
PBIT / Share (Rs.)486.02239.2487.5546.70300.41
PBT / Share (Rs.)486.02223.0866.7744.17264.53
Net Profit / Share (Rs.)359.47169.4741.7526.00173.53
NP After MI And SOA / Share (Rs.)359.47169.4741.7526.00173.53
PBDIT Margin (%)12.649.948.636.6713.87
PBIT Margin (%)11.008.055.413.1611.83
PBT Margin (%)11.007.514.122.9910.42
Net Profit Margin (%)8.135.702.581.766.83
NP After MI And SOA Margin (%)8.135.702.581.766.83
Return on Networth / Equity (%)16.429.092.501.6710.83
Return on Capital Employeed (%)19.0810.474.822.8618.19
Return On Assets (%)9.384.961.611.187.54
Asset Turnover Ratio (%)1.180.960.660.651.04
Current Ratio (X)1.651.532.012.131.82
Quick Ratio (X)1.131.101.591.661.35
Inventory Turnover Ratio (X)5.134.783.403.084.84
Dividend Payout Ratio (NP) (%)11.125.9023.95134.6223.63
Dividend Payout Ratio (CP) (%)9.254.4310.6545.0318.20
Earning Retention Ratio (%)88.8894.1076.05-34.6276.37
Cash Earning Retention Ratio (%)90.7595.5789.3554.9781.80
Interest Coverage Ratio (X)0.003692.041841.45173.71322.82
Interest Coverage Ratio (Post Tax) (X)0.002322.07824.6250.35191.93
Enterprise Value (Cr.)9890.859793.016470.331819.175954.15
EV / Net Operating Revenue (X)2.103.093.751.162.20
EV / EBITDA (X)16.5731.0643.3817.3015.82
MarketCap / Net Operating Revenue (X)2.263.244.201.562.40
Retention Ratios (%)88.8794.0976.04-34.6276.36
Price / BV (X)4.555.174.071.483.81
Price / Net Operating Revenue (X)2.263.244.201.562.40
EarningsYield0.030.010.010.010.02

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 of Lakshmi Machine Works Ltd Stock

Fair Value: ₹15836.83

The stock is undervalued by 7.88% compared to the current price ₹14680

*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 is trading at a high valuation with an average P/B ratio of 231.98 and average Dividend Yield of 7.89%.
  2. The stock has a high average Cash Conversion Cycle of 21.25, which may not be favorable.

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