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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Lokesh Machines Ltd

About the Company - Lokesh Machines Ltd

Lokesh Machines Ltd. is a Public Limited Listed company incorporated on 17/12/1983 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L29219TG1983PLC004319 and registration number is 004319. Currently Company is involved in the business activities of Manufacture of engines and turbines, except aircraft, vehicle and cycle engines. Company’s Total Operating Revenue is Rs. 201.84 Cr. and Equity Capital is Rs. 17.90 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - GeneralB-29, EEIE, Stage II, Hyderabad Telangana 500037info@lokeshmachines.com
http://www.lokeshmachines.com
Management
NamePosition Held
Mr. Mullapudi Lokeswara RaoManaging Director
Mr. B Kishore BabuWhole Time Director
Mr. M SrinivasWhole Time Director
Mr. M SrikrishnaWhole Time Director
Ms. M LikhithaNon Executive Director
Mr. K Krishna SwamyNon Executive Director
Mr. D BalajiIndependent Director
Mr. B R MaheshIndependent Director
Mr. S S RamanIndependent Director

Basic Stock Data of Lokesh Machines Ltd

Last Updated: June 17, 2024, 8:26 pm

Market Cap 794 Cr.
Current Price 429
High / Low476/175
Stock P/E57.3
Book Value 106
Dividend Yield0.00 %
ROCE11.4 %
ROE7.80 %
Face Value 10.0
PEG Ratio0.96

Lokesh Machines Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales40.7356.5432.7149.3054.6165.2150.0460.3362.9267.0050.3076.4286.49
Expenses33.5748.7927.4542.1747.0155.4344.2051.9657.7457.8644.5866.6173.55
Operating Profit7.167.755.267.137.609.785.848.375.189.145.729.8112.94
OPM %17.58%13.71%16.08%14.46%13.92%15.00%11.67%13.87%8.23%13.64%11.37%12.84%14.96%
Other Income0.101.000.190.180.150.300.210.134.840.620.400.270.36
Interest3.053.513.102.882.953.282.862.872.522.492.642.982.90
Depreciation2.082.112.152.202.182.492.192.192.362.352.392.402.73
Profit before tax2.133.130.202.232.624.311.003.445.144.921.094.707.67
Tax %28.17%25.88%30.00%27.80%27.86%36.89%28.00%30.52%29.96%39.63%30.28%30.00%33.51%
Net Profit1.542.310.151.601.882.710.722.393.602.960.763.295.11
EPS in Rs0.861.290.080.891.051.510.401.342.011.650.421.842.86

Last Updated: June 7, 2024, 8:42 am

Lokesh Machines Ltd Quarterly Chart

Lokesh Machines Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales164143112118121132175190126150201239280
Expenses1331128591107104146159113125171211243
Operating Profit31322727142829311225302938
OPM %19%22%24%23%12%21%16%16%10%17%15%12%13%
Other Income50231201101162
Interest15211918151714131212121111
Depreciation810997889989910
Profit before tax1221343710-8591518
Tax %39%29%57%71%39%36%34%34%42%27%32%33%
Net Profit81012257-5461012
EPS in Rs6.450.900.390.641.451.242.633.78-2.612.213.555.406.77
Dividend Payout %8%83%128%79%34%0%0%0%0%0%0%0%

Lokesh Machines Ltd Profit & Loss Yearly Chart

Lokesh Machines Ltd Growth

Compounded Sales Growth
10 Years:10%
5 Years:9%
3 Years:25%
TTM:23%
Compounded Profit Growth
10 Years:41%
5 Years:15%
3 Years:51%
TTM:60%
Stock Price CAGR
10 Years:29%
5 Years:58%
3 Years:107%
1 Year:114%
Return on Equity
10 Years:3%
5 Years:4%
3 Years:6%
Last Year:8%

Last Updated: June 17, 2024, 2:56 pm

Lokesh Machines Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital12121212151718181818181818
Reserves8686869199109120126121125131141145
Borrowings11512312511611297847779878788113
Other Liabilities64667267727258676057587981
Total Liabilities277287295286297295280288278287294326357
Fixed Assets11110599789986109102100116117122124
CWIP122535412941192526471638
Investments8888622222211
Other Assets145149154159164167151160151164169187194
Total Assets277287295286297295280288278287294326357

Lokesh Machines Ltd Reserves and Borrowings Chart

Lokesh Machines Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 25273024172130311192332
Cash from Investing Activity -35-17-147-12-7-5-10-2-4-11-22
Cash from Financing Activity 12-11-16-22-14-15-24-21-9-5-12-10
Net Cash Flow1-108-9-01-0-0-0-00

Lokesh Machines Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days677176658973527484978062
Inventory Days314425693623537544376356602500329300
Days Payable1121521911921761661081381691359379
Cash Conversion Cycle269344578496450451319291518462316283
Working Capital Days141129167150223214158156239249192155
ROCE %14%10%9%9%9%9%9%10%2%8%9%10%

Lokesh Machines Ltd Financial Efficiency Indicators Chart

Lokesh Machines Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters50.36%51.70%52.24%52.75%53.01%53.05%53.05%53.05%52.40%52.40%52.40%50.76%
FIIs0.00%0.03%0.00%0.36%0.16%0.71%0.06%0.49%0.49%0.32%0.57%0.27%
DIIs2.07%2.07%2.07%2.06%2.07%2.07%2.07%0.00%0.00%0.00%0.00%0.00%
Public47.58%46.19%45.69%44.82%44.77%44.17%44.82%46.46%47.11%47.27%47.02%48.98%
No. of Shareholders11,32111,97213,52214,59716,44216,57016,35616,67319,80018,78818,73918,838

Lokesh Machines Ltd Shareholding Pattern Chart

No. of Lokesh Machines Ltd Shareholders

This stock is not held by any mutual fund

Lokesh Machines Ltd ROCE Trend

Lokesh Machines Ltd EPS Trend

Lokesh Machines Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)7.685.413.552.21-2.62
Diluted EPS (Rs.)7.685.413.552.21-2.62
Cash EPS (Rs.)12.8810.488.596.872.36
Book Value[Excl.RevalReserv]/Share (Rs.)105.9688.8383.3979.9877.60
Book Value[Incl.RevalReserv]/Share (Rs.)105.9688.8383.3979.9877.60
Revenue From Operations / Share (Rs.)158.70134.27112.7883.9370.31
PBDIT / Share (Rs.)22.7118.3017.0914.667.00
PBIT / Share (Rs.)17.3213.2212.0510.002.02
PBT / Share (Rs.)11.118.115.223.03-4.54
Net Profit / Share (Rs.)7.495.413.542.21-2.62
PBDIT Margin (%)14.3013.6215.1517.469.94
PBIT Margin (%)10.919.8410.6811.902.87
PBT Margin (%)7.006.034.633.60-6.45
Net Profit Margin (%)4.714.023.142.63-3.72
Return on Networth / Equity (%)7.066.084.252.76-3.37
Return on Capital Employeed (%)12.4212.2311.6510.142.23
Return On Assets (%)3.542.962.151.38-1.68
Long Term Debt / Equity (X)0.230.120.160.160.09
Total Debt / Equity (X)0.600.550.580.560.54
Asset Turnover Ratio (%)0.810.770.690.530.44
Current Ratio (X)1.411.311.441.411.20
Quick Ratio (X)0.520.460.540.510.34
Inventory Turnover Ratio (X)1.491.391.100.730.64
Interest Coverage Ratio (X)3.663.052.502.101.07
Interest Coverage Ratio (Post Tax) (X)2.211.751.521.320.60
Enterprise Value (Cr.)794.50278.10220.15131.4699.62
EV / Net Operating Revenue (X)2.711.161.090.870.79
EV / EBITDA (X)18.918.497.205.017.96
MarketCap / Net Operating Revenue (X)2.330.810.680.380.21
Price / BV (X)3.491.240.920.400.19
Price / Net Operating Revenue (X)2.330.810.680.380.21
EarningsYield0.020.040.040.06-0.17

Lokesh Machines Ltd Profitability Ratios (%)

Lokesh Machines Ltd Liquidity Ratios

Lokesh Machines Ltd Liquidity Ratios (%)

Lokesh Machines Ltd Interest Coverage Ratios (%)

Lokesh Machines Ltd Valuation Ratios

Fair Value

Fair Value: 483.23

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: 12.64% compared to the current price 429

Intrinsic Value: 771.60

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: 79.86% compared to the current price ₹429

Last 5 Year EPS CAGR: 59.68%

*Investments are subject to market risks

Strength and Weakness of Lokesh Machines Ltd Stock

StrengthWeakness
  1. The company has higher reserves (112.77 cr) compared to borrowings (100.23 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (165.46 cr) and profit (6.23 cr) over the years.
  1. The stock has a low average ROCE of 9.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 181.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 398.08, which may not be favorable.

FAQ

What is the latest fair value of Lokesh Machines Ltd?

The latest fair value of Lokesh Machines Ltd is ₹483.23.

What is the Market Cap of Lokesh Machines Ltd?

The Market Cap of Lokesh Machines Ltd is 794 Cr..

What is the current Stock Price of Lokesh Machines Ltd as on 25 June 2024?

The current stock price of Lokesh Machines Ltd as on 25 June 2024 is ₹429.

What is the High / Low of Lokesh Machines Ltd stocks in FY 2024?

In FY 2024, the High / Low of Lokesh Machines Ltd stocks is 476/175.

What is the Stock P/E of Lokesh Machines Ltd?

The Stock P/E of Lokesh Machines Ltd is 57.3.

What is the Book Value of Lokesh Machines Ltd?

The Book Value of Lokesh Machines Ltd is 106.

What is the Dividend Yield of Lokesh Machines Ltd?

The Dividend Yield of Lokesh Machines Ltd is 0.00 %.

What is the ROCE of Lokesh Machines Ltd?

The ROCE of Lokesh Machines Ltd is 11.4 %.

What is the ROE of Lokesh Machines Ltd?

The ROE of Lokesh Machines Ltd is 7.80 %.

What is the Face Value of Lokesh Machines Ltd?

The Face Value of Lokesh Machines 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 Lokesh Machines 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