Skip to content
LMW logo

LMW

LMW NSE
₹17,358.00 +431.00 (+2.55%)
P/E
106.09
View as Markdown
MCP
Close 4 Nov 2026 ₹17,358.00 +1,649.00 +10.5% 1Y
Start ₹15,709.00

Key Fundamentals

SmallcapIndustrial ManufacturingCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
5.58%
Debt to Equity
0.00
EPS (TTM)
₹163.61
Book Value
₹2,845.32
Market Cap
—
P/E (TTM)
106.09
P/B
6.10
ROE
4.05%
Dividend Yield
0.21%
EBITDA
₹315 Cr
52W High
₹20,151.00
52W Low
₹11,920.00
Day Range
₹16,662.00 – ₹17,390.00
Volume
4,030

Peer Comparison

Industrials › Capital Goods › Industrial Products

LMW peer comparison
Indo-MIM
₹1,240.10106.91₹59,516 Cr18.470.55%23.40%25.00%₹3,482 Cr₹562 Cr
Aditya Infotech
₹3,999.8098.59₹46,234 Cr14.530.04%25.40%28.60%₹4,883 Cr₹477 Cr
Syrma SGS
₹1,512.6079.19₹28,543 Cr9.590.10%14.00%16.80%₹5,464 Cr₹401 Cr
Honeywell Automation
₹29,810.0047.82₹25,976 Cr5.650.38%12.60%17.00%₹4,703 Cr₹552 Cr
Jyoti CNC Automation
₹1,034.9573.19₹22,990 Cr11.010.00%18.20%21.30%₹2,191 Cr₹323 Cr
Kaynes Technology India
₹3,330.0064.57₹21,957 Cr4.710.00%8.69%12.70%₹3,899 Cr₹345 Cr
LMW (this company)
₹17,358.00106.09₹18,108 Cr6.100.21%4.05%5.58%₹3,374 Cr₹176 Cr
Median 7 companies₹3,330.0079.19₹25,976 Cr9.590.10%14.00%17.00%₹3,899 Cr₹401 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

44 Weak

Data confidence 98/100

Category scores

Quality
48
Average
Returns, margins, earnings quality 22% weight
Valuation
28
Poor
Cheap vs sector & own history 24% weight
Growth
38
Weak
Sales & profit trajectory 9% weight
Financial Health
68
Strong
Solvency, leverage, coverage 9% weight
Momentum
52
Average
Trend strength, vol-adjusted 12% weight
Ownership
46
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 27.1%

Weaknesses

3
  • Stock is trading at 5.97 times its book value
  • Company has a low return on equity of 7.02% over last 3 years.
  • Earnings include an other income of Rs.136 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish3412
OscillatorsBearish342
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
59.38
Neutral
MACD (12,26,9)
−84.79
Bullish
SMA (50)
17,286.72
Bullish
SMA (200)
15,785.54
Bullish

As of

Analyst Rating

Based on 2 analysts
TIED50%

0 of 2 analysts rate Buy, 1 Hold, 1 Sell.

As of

BUY
0
0%
HOLD
1
50%
SELL
1
50%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+1.14%
5Y+13.18%
3Y−12.08%
1Y+6.47%
TTM+11.24%

Net profit

Net profit growth by window
10Y−5.35%
5Y+23.83%
3Y−30.13%
1Y+27.18%
TTM+72.55%

Operating cash flow

Operating cash flow growth by window
10Y+8.13%
5Y+2.43%
3Y−21.36%
1Y+510.34%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−6.51 pp
5Y+1.19 pp
3Y−4.24 pp
1Y+0.59 pp
TTM+1.90 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹2,499 Cr
Mar 2018₹2,643 Cr
Mar 2019₹2,712 Cr
Mar 2020₹1,574 Cr
Mar 2021₹1,727 Cr
Mar 2022₹3,171 Cr
Mar 2023₹4,719 Cr
Mar 2024₹4,696 Cr
Mar 2025₹3,012 Cr
Mar 2026₹3,207 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹186 Cr
Mar 2018₹215 Cr
Mar 2019₹185 Cr
Mar 2020₹28.00 Cr
Mar 2021₹45.00 Cr
Mar 2022₹181 Cr
Mar 2023₹384 Cr
Mar 2024₹374 Cr
Mar 2025₹103 Cr
Mar 2026₹131 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹342 Cr
Reported High Mean Low

Analyst consensus here uses a different definition from reported ebitda (they differ 2.2× on periods where both exist), so the forecast is shown on its own rather than joined to the reported line.

AI Analysis — Bull vs Bear

Figures as of 4 Nov 2026
AI opinion · based on fundamentals
Risk high

LMW Ltd trades at ₹17,358 as of 2026-11-04 with a market cap of ₹18,108 Cr, a TTM P/E of 106.09, and zero debt on its balance sheet. The company shows a sharp TTM profit recovery of 76% alongside modest 11% TTM sales growth, but its 3-year compounded profit decline of -32% and low ROE of 4.56% reflect a period of earnings weakness that investors must weigh against the recent turnaround.

Bull Case 8
  • The company is virtually debt-free with a debt-to-equity ratio of 0, giving it significant financial flexibility and resilience through business cycles.
  • TTM profit growth has rebounded sharply at 76%, signalling a meaningful earnings recovery after a period of contraction.
  • TTM sales growth stands at 11%, indicating improving demand traction in recent quarters.
  • 5-year compounded sales growth of 13% and 5-year compounded profit growth of 16% demonstrate a reasonable medium-term growth track record.
  • The stock has delivered a 10-year price CAGR of 14% and a 5-year price CAGR of 14%, reflecting consistent long-term wealth creation.
  • The company maintains a healthy dividend payout ratio of 27.1%, returning capital to shareholders even during leaner profit years.
  • Trading at ₹17,358, the stock is roughly 14% below its 52-week high of ₹20,151, offering a pullback from recent peak levels.
  • The stock has appreciated about 46% from its 52-week low of ₹11,920, demonstrating strong price momentum over the trailing year.
Bear Case 8
  • A TTM P/E of 106.09 is extremely elevated, pricing in significant future growth and leaving little margin for disappointment.
  • 3-year compounded profit growth is deeply negative at -32%, indicating a prolonged earnings deterioration prior to the recent TTM recovery.
  • ROE stands at just 4.56% currently and averaged only 7% over the last 3 years, well below levels typically expected from a quality capital goods franchise.
  • The stock trades at a price-to-book ratio of 6.1, which is demanding for a company generating sub-6% ROCE of 5.85%.
  • 3-year compounded sales growth is negative at -12%, pointing to a sustained period of revenue contraction.
  • 10-year compounded profit growth of -7% and 10-year compounded sales growth of just 1% suggest the business has struggled to grow structurally over the long term.
  • Earnings quality is a concern as TTM other income of ₹136 Cr forms a notable portion of profits relative to a TTM EPS of ₹163.61 on roughly 1.04 Cr shares.
  • Dividend yield is a modest 0.21%, offering minimal income cushion given the elevated valuation multiples.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

25d ago

TL;DR: The only recent news for LMW is a procedural governance item: shareholders approved an amendment to the MoA Objects Clause with 96.56% support. That points to good alignment between shareholders and management, but the news gives no information on orders, earnings, margins or demand in textile machinery, so it has little effect on the investment case for now. No specific headwinds were reported in this news set. The next thing to watch is whether the wider objects clause leads to new business lines or diversification, along with upcoming quarterly results and order inflows that will show which way the business is trending.

Neutral 1
  • Shareholders approve MoA objects amendment Sep 11

    LMW shareholders approved a special resolution, passed by postal ballot, to amend the Objects Clause of the Memorandum of Association, with 96.56% voting in favour. The vote shows strong shareholder support, but the article does not say which new business activities the amendment allows or whether it will affect revenue or earnings.

Quarterly Results

₹ Cr
LMW quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
1,191
1,320
1,214
971
673
769
766
804
694
822
758
933
861
1,132
Expenses
1,082
1,184
1,097
897
660
737
731
746
680
778
717
863
797
1,030
Operating Profit
109
136
117
74
13
32
36
58
14
44
42
70
64
102
OPM %
9%
10%
10%
8%
2%
4.2%
4.7%
7%
2%
5%
5%
7%
7%
9%
Other Income
36
35
32
40
29
30
33
33
36.6
41
18
38.65
39
31
Interest
0
0
1.05
0
0
0
0
0
0
0
0
0
0
0
Depreciation
23
24
23
27
26
28
29
29
30
30
30
30
30
30
PBT
122
147
125
87
16
34
40
61
20
55
30
78
72
103
Tax %
23%
22%
21%
24%
32%
28%
52%
22%
41%
25%
50%
18%
23%
31%
Net Profit
94
115
99
66
11
24
19
48
11
41
15
64
56
71
EPS (₹)
87.8
108
92.46
61.76
10.32
22.9
18.07
44.76
10.74
38.3
13.72
59.62
51.97
—

Sep 2026: from the results filed on 21 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
LMW profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,488
2,863
2,499
2,643
2,712
1,574
1,727
3,171
4,719
4,696
3,012
3,207
3,374
Expenses
2,177
2,525
2,240
2,367
2,438
1,563
1,657
2,924
4,269
4,261
2,870
3,038
3,155
Operating Profit
311
338
259
276
274
11
71
247
450
435
142
170
219
OPM %
12%
12%
10%
10%
10%
0.7%
4.1%
8%
10%
9%
4.7%
5%
6%
Other Income
91
88
84
103
65
92
56
51
147
143
122
132
136
Interest
1
1
0
1
1
1
0
0
0
0
0
0
0
Depreciation
100
88
80
76
55
55
56
60
78
96
113
120
121
PBT
301
337
262
302
283
47
71
238
519
482
151
182
234
Tax %
27%
33%
29%
29%
34%
41%
37%
24%
26%
22%
32%
28%
—
Net Profit
220
227
186
215
185
28
45
181
384
374
103
131
175
EPS (₹)
195
202
170
196
174
25.99
41.75
169
359
350
96.05
122
164
Div. Payout %
19%
20%
21%
20%
20%
38%
24%
24%
27%
21%
31%
29%
—

Balance Sheet

₹ Cr
LMW balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
11
11
11
11
11
11
11
11
11
11
11
11
Reserves
1,271
1,523
1,547
1,736
1,700
1,650
1,770
1,980
2,328
2,693
2,767
2,856
Borrowings
0
0
0
3
3
0
0
0
0
0
0
0
Other Liabilities
956
863
808
885
743
686
977
1,656
1,752
1,328
1,230
1,396
Total Liabilities
2,237
2,397
2,367
2,635
2,457
2,346
2,758
3,646
4,090
4,031
4,008
4,262
Fixed Assets
439
464
520
570
699
711
701
721
903
972
990
946
CWIP
6
8
6
21
12
30
11
6
24
9
4
1
Investments
64
88
61
83
124
136
286
448
508
641
701
706
Other Assets
1,729
1,838
1,780
1,961
1,621
1,470
1,760
2,471
2,654
2,409
2,312
2,610
Total Assets
2,237
2,397
2,367
2,635
2,457
2,346
2,758
3,646
4,090
4,031
4,008
4,262

Cash Flow

₹ Cr
LMW cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
131
81
137
211
99
74
157
485
364
141
29
177
Investing
−54
−64
68
−23
29
−70
−144
−448
−242
−74
73
110
Financing
−40
−52
−195
−44
−215
−49
−11
−11
−43
−105
−80
−32
Net Cash Flow
36
−35
9
144
−88
−45
2
26
79
−39
22
255
Free Cash Flow
15
−32
18
80
−73
−2
136
411
111
−9
−96
120
CFO/OP
71
57
88
107
64
926
278
222
94
60
33
143

Ratios

LMW financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
30
30
28
34
26
25
38
37
18
10
21
32
Inventory Days
78
69
85
78
74
112
120
94
85
76
113
106
Days Payable
81
68
80
97
85
129
150
100
81
65
103
114
Cash Conversion Cycle
28
31
32
15
15
8
7
31
22
21
31
23
Working Capital Days
−15
−8
−3
−10
−5
−10
−23
−16
−16
−7
−9
−11
ROCE %
26%
24%
16%
18%
18%
2%
5%
14%
22%
18%
5%
6%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view LMW insights

60 extracted metrics across FY07–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 30.80%
  • Others 27.17%
  • Public 27.12%
  • DIIs 9.50%
  • FIIs 5.41%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about LMW

What does LMW Ltd do?
Lakshmi Machine Works Ltd is a leading Textile Machinery Manufacturer in India engaged in the manufacturing and selling of textile spinning machinery, CNC Machine Tools, Heavy castings, and parts and components catering to diverse sectors.
Where is LMW Ltd (LMW) listed?
LMW Ltd trades as LMW on the NSE and under code 500252 on the BSE.
Which sector does LMW Ltd belong to?
LMW Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the PE ratio of LMW Ltd?
LMW Ltd trades at a PE ratio of 106.09 as of 4 Nov 2026, on earnings per share of ₹163.61, against a book value of ₹2,845.32 per share.
What is the 52-week high and low of LMW Ltd?
Over the last 52 weeks LMW Ltd has traded between ₹11,920 and ₹20,151 as of 4 Nov 2026.
Does LMW Ltd pay dividends?
LMW Ltd has a dividend yield of 0.21%.
What is the Return on Equity (ROE) of LMW Ltd?
LMW Ltd reported a return on equity of 4.05%. Its debt-to-equity ratio is 0.00.

Company Information

Lakshmi Machine Works Ltd is a leading Textile Machinery Manufacturer in India engaged in the manufacturing and selling of textile spinning machinery, CNC Machine Tools, Heavy castings, and parts and components catering to diverse sectors.

Website lakshmimach.com
Listed 29 Mar 1995
Face Value ₹10

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/LMW.md for LMW Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More Industrial Manufacturing stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month