Lakshmi Machine Works Limited

Equities

LAXMIMACH

INE269B01029

Industrial Machinery & Equipment

Market Closed - Bombay S.E. Other stock markets 11:00:53 25/06/2024 BST			5-day change	1st Jan Change
17,166 ^INR	+5.50%		+4.79%	+25.08%

05-28	Lakshmi Machine Works Gets Board Nod to Change Company's Name	MT
05-27	Lakshmi Machine Works Gets Board Nod for Establishment of UAE Subsidiary	MT

Tranche Update on Lakshmi Machine Works Limited's Equity Buyback Plan announced on October 22, 2018.

January 01, 2019 at 11:20 am

From October 22, 2018 to January 1, 2019, the company has repurchased 272,504 shares, for INR 1,594.8 million. With this, the company has completed the repurchase of 272,504 shares, for INR 1,594.8 million under the buyback announced on October 22, 2018.

Latest news about Lakshmi Machine Works Limited

Lakshmi Machine Works Gets Board Nod to Change Company's Name	05-28	MT
Lakshmi Machine Works Gets Board Nod for Establishment of UAE Subsidiary	05-27	MT
Lakshmi Machine Works Gets Board Nod for Name Change	05-27	MT
Lakshmi Machine Works Limited Recommends Dividend for the Financial Year Ended March 31, 2024	05-27	CI
Lakshmi Machine Works Limited Approves Incorporation of A Wholly Owned Subsidiary in the United Arab Emirates	05-27	CI
Lakshmi Machine Works Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2024	05-27	CI
Lakshmi Machine Works Limited Reports Earnings Results for the Full Year Ended March 31, 2024	05-27	CI
Lakshmi Machine Works Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	02-12	CI
Lakshmi Machine Works Limited Announces Resignation of T. C. Suseel Kumar as Director	01-18	CI
Lakshmi Machine Works' Consolidated Profit Climbs in Fiscal Q2	26/10/23	MT
Lakshmi Machine Works Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	25/10/23	CI
Lakshmi Machine Works Limited Announces Retirement of K Soundhar Rajhan as Director-Operations	01/08/23	CI
Lakshmi Machine Works Limited Reports Earnings Results for the First Quarter Ended June 30, 2023	31/07/23	CI
Lakshmi Machine Works Limited Announces Management Appointments, Effective August 1, 2023	31/07/23	CI
Lakshmi Machine Works Limited Announces Appointment of Sri. Jaidev Jayavarthanavelu as Whole Time Director	24/05/23	CI
Lakshmi Machine Works Limited Announces Retirement of Soundhar Rajhan as Director	24/05/23	CI
Lakshmi Machine Works Limited Recommends Dividend for the Financial Year Ended March 31, 2023	24/05/23	CI
Lakshmi Machine Works Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023	24/05/23	CI
Lakshmi Machine Works Board to Consider Dividend for Fiscal 2023	03/05/23	MT
Lakshmi Machine Works Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022	01/02/23	CI
Lakshmi Machine Works Gets Board Nod to Invest $6 Million in Wholly-Owned Arm	21/10/22	MT
Lakshmi Machine Works Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022	20/10/22	CI
Lakshmi Machine Works Limited Reports Earnings Results for the First Quarter Ended June 30, 2022	25/07/22	CI
Lakshmi Machine Works Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2022	11/05/22	CI
Lakshmi Machine Works Limited Recommends Dividend for the Financial Year Ended March 31, 2022	11/05/22	CI

Chart Lakshmi Machine Works Limited

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Company Profile

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 (CNC) machine tools, heavy castings and parts and components for aerospace industry. Its business verticals include Foundry Division (FDY), Textile Machinery Division (TMD), Machine Tool Division (MTD), and Advanced Technology Centre (ATC). The FDY makes precision castings for industries worldwide. The TMD manufactures an entire range of textile spinning machinery to the textile industry. The MTD offers comprehensive machine tools comprising turning centers, machining centers and turn mill centers. The ATC manufactures components and assemblies for the global aerospace Industry. The FDY's products include locomotive castings/turbocharger parts, marine transmission castings, and pumps & valves. The TMD's products include card sliver system, compact spinning system and mill network system.

Sector

Industrial Machinery & Equipment

Calendar

21/07/2024 - Q1 2025 Earnings Release (Projected)

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Ratings for Lakshmi Machine Works Limited

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

17,166 INR

Average target price

13,506 INR

Spread / Average Target

-21.32%

Consensus

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Quarterly earnings - Rate of surprise

Company calendar

Sector Industrial Machinery

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Industrial Machinery