Stock LAXMIMACH LAKSHMI MACHINE WORKS LIMITED
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Company Lakshmi Machine Works Limited

Equities

LAXMIMACH

INE269B01029

Industrial Machinery & Equipment

Delayed Bombay S.E.
Other stock markets
 08:57:39 07/05/2024 BST 		5-day change 1st Jan Change
16,346 INR -2.19% Intraday chart for Lakshmi Machine Works Limited -3.30% +19.10%
02-12 Lakshmi Machine Works Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023 CI
01-18 Lakshmi Machine Works Limited Announces Resignation of T. C. Suseel Kumar as Director CI

Business Summary

Lakshmi Machine Works Limited is an India-based textile machinery manufacturer. The Company is engaged in the manufacturing and selling of textile spinning machinery, computer numerical control machine tools, heavy castings and parts and components for the aerospace industry. The Company caters to both domestic and international markets. The Company operates through four divisions: Textile Machinery Division (TMD), Machine Tool Division (MTD), Foundry Division (FDY) and Advanced Technology Centre (ATC). TMD division is engaged in the manufacturing of a range of textile spinning machinery globally. MTD division is involved in developing and delivering customized machining solutions. FDY division is engaged in making precision castings for global brands across the world. ATC is involved in manufacturing aerospace components and assemblies for global players in the sector. Its TMD division offers card sliver systems, combing system, ring spinning system, compact spinning system and other.

Number of employees: 3,418

Sales per Business

INR in Million2022Weight2023Weight Delta
Textile Machinery
77.8 %
23,080 72.8 % 36,693 77.8 % +58.98%
Machine Tool & Foundry
18.5 %
7,686 24.2 % 8,749 18.5 % +13.83%
Advance Technology Centre
2.0 %
392 1.2 % 948 2.0 % +142.09%
Repairs & Service Charges & Miscellaneous
0.9 %
289 0.9 % 405 0.9 % +40.38%
Export Incentives
0.5 %
155 0.5 % 226 0.5 % +46.13%
Scrap
0.4 %
108 0.3 % 170 0.4 % +56.47%

Sales per region

INR in Million2022Weight2023Weight Delta
India
75.0 %
23,826 76.5 % 34,813 75.0 % +46.11%
International
25.0 %
7,331 23.5 % 11,577 25.0 % +57.91%

Managers

Managers TitleAgeSince
Sanjay Jayavarthanavelu CEO
 Chief Executive Officer 55 23/02/93
V. Senthil DFI
 Director of Finance/CFO 45 02/08/19
Harikrishna R. CTO
 Chief Tech/Sci/R&D Officer 54 18/08/19
C. R. Shiv Kumaran CMP
 Compliance Officer - 25/10/16
Sanjay Ahuja HRO
 Human Resources Officer 44 30/04/21
Indraneel Bhattacharya PRN
 Corporate Officer/Principal 59 07/02/93
S. Rajasekaran PRN
 Corporate Officer/Principal 56 01/05/96

Members of the board

Members of the board TitleAgeSince
Aditya Himatsingka BRD
 Director/Board Member 60 24/10/10
Mukund Govind Rajan BRD
 Director/Board Member 56 24/10/10
Sanjay Jayavarthanavelu CEO
 Chief Executive Officer 55 23/02/93
Arun Alagappan BRD
 Director/Board Member 47 25/10/16
Sundaram Pathy BRD
 Director/Board Member 74 21/03/73
Aroon Raman BRD
 Director/Board Member 64 10/05/22
Chitra Venkataraman BRD
 Director/Board Member 72 01/02/15
Jaidev Jayavarthanavelu BRD
 Director/Board Member 25 10/05/22
Sankar M. BRD
 Director/Board Member 66 24/10/23

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 10,683,000 4,525,907 ( 42.37 %) 0 42.37 %

Shareholders

NameEquities%Valuation
Lakshmi Cargo Co. Ltd.
10.08 %
1,076,368 10.08 % 196 M ₹
Lakshmi Tech & Engineer Industries Ltd.
6.523 %
696,862 6.523 % 127 M ₹
Nemish Shantilal Shah
5.613 %
599,673 5.613 % 109 M ₹
VOLTAS LIMITED
5.426 %
579,672 5.426 % 105 M ₹
THE LAKSHMI MILLS COMPANY LIMITED
4.868 %
520,000 4.868 % 95 M ₹
Life Insurance Corporation of India (Investment Portfolio)
4.652 %
496,921 4.652 % 90 M ₹
Gagandeep Credit Capital Pvt Ltd.
4.454 %
475,800 4.454 % 87 M ₹
Shah Nemish Shantilal Family
3.316 %
354,200 3.316 % 64 M ₹
The New India Assurance Co. Ltd. (Investment Portfolio)
3.091 %
330,170 3.091 % 60 M ₹
Shamyak Investment Pvt Ltd.
2.520 %
269,200 2.520 % 49 M ₹

Holdings

NameEquities%Valuation
SUPER SALES INDIA LIMITED
9.77%
 300,000 9.77% 5,035,821 $

Company contact information

Lakshmi Machine Works Ltd.

34-A, Kamaraj Road

641018, Coimbatore

+91 42 2719 8100

http://www.lmwglobal.com
address Lakshmi Machine Works Limited(LAXMIMACH)

Sector

Industrials
Industrial Goods
Machinery, Equipment & Components
Industrial Machinery & Equipment
Industrial Machinery

Sales per Business

Sales per region

Ratings for Lakshmi Machine Works Limited

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
2
Last Close Price
16,711 INR
Average target price
12,809 INR
Spread / Average Target
-23.35%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Industrial Machinery

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Industrial Machinery
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