LMW
- Market cap
- ₹ 16,945 Cr.
- P/E
- 79.9x
- P/B
- 5.85x
- 52-week range
- 11,920 – 20,151
- ROE
- 4%
- ROCE
- 6%
- Dividend yield
- 0.2%
- Debt / equity
- 0
- Sector
- Industrial Manufacturing
- Industry
- Industrial Products
- Listed on
- NSE, BSE
About
LMW Limited, formerly Lakshmi Machine Works Limited, is a textile machinery manufacturer. It 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 and valves. The TMD's products include card sliver system, compact spinning system and mill network system.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Industrial Products: 186 companies →LMW against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)79.9 against a typical 30.9: pricier than most peers (1st = cheapest).156th of 184
- Sales growth+37.7% against a typical +20.3% from a year earlier.43rd of 147
- Profit growth+73.2% against a typical +9.4% from a year earlier.39th of 121
- Share price, 3 months−1.3% against a typical −3.8%.73rd of 164
- Size₹ 16,944.5 Cr. market value against a typical ₹ 305.2 Cr. (1st = largest).8th of 176
Latest announcements
Exchange filings and their impact on the company.
- 26 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesHigh impactPositivePrice +1.4% that dayStrong Q2 with 30%+ growth and Rs 3400 cr order book points to 22-30% revenue growth and margin expansion over next year.
LMW reported a strong Q2 with revenue of Rs 1153 crore, up about 40% year on year, and first-half revenue of Rs 2045 crore up 33%, with first-half profit before tax doubling to Rs 204 crore. Textile machinery did Rs 639 crore in the quarter with an order book of about Rs 3400 crore, machine tools and foundry did Rs 794 crore in the half, and aerospace ATC did Rs 135 crore with a Rs 1000 crore order book. The large executable order book and growing machine tool and aerospace mix support higher sales and profits over the next year, though textile margins remain under pressure from higher material costs.
- LMW adds 22% machine capacity for Rs 10 cr to cut delivery lead times.
LMW's board on 21 Oct 2026 approved unaudited Q2 and H1 FY27 standalone and consolidated results and a new Machine Tool Division-Unit III at Arasur, Coimbatore on company-owned land. The new unit adds 125 machines per month to an existing 6750 machines per annum base running at 90% utilization, entailing Rs 10 crore funded by internal accruals by December 2026 to reduce delivery lead times. The board also noted retirement of independent director Arun Alagappan on completion of his second term on 25 Oct 2026.
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 21 Oct 2026 | Financial Results | LMW Ltd has informed the Exchange that the meeting of the Board of Directors of the Company is scheduled on 21/10/2026, inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter and half year ended 30th September 2026. |
| 24 Jul 2026 | Financial Results | LMW Ltd has informed the Exchange that the meeting of the Board of Directors of the Company is scheduled on 24/07/2026, inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter ended 30th June 2026. |
| 20 May 2026 | Dividend | LMW Limited has informed the Exchange that the meeting of the Board of Directors is to be held on 20th May 2026, inter alia, to consider and recommend the Dividend for the Financial Year 2025-26. |
| 28 Jan 2026 | Financial Results | LMW Ltd has informed the Exchange that the meeting of the Board of Directors of the Company is scheduled on 28/01/2026, inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter and period ended 31st December 2025. |
| 5 Nov 2025 | Financial Results | To consider and approve the Unaudited financial results for the quarter and half year ended 30th September 2025. |
| 17 Jul 2025 | Other business matters | LMW Limited has informed the Exchange that the meeting of the Board of Directors of the Company is scheduled on 17.07.2025, inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter ended 30th June 2025. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,214 | 971 | 673 | 769 | 766 | 804 | 694 | 822 | 758 | 933 | 861 | 1,132 |
| Expenses | 1,097 | 897 | 660 | 737 | 731 | 746 | 680 | 778 | 717 | 863 | 797 | 1,030 |
| Operating Profit | 117 | 74 | 13 | 32 | 36 | 58 | 14 | 44 | 42 | 70 | 64 | 102 |
| OPM % | 10% | 8% | 2% | 4.2% | 4.7% | 7% | 2% | 5% | 5% | 7% | 7% | 9% |
| Other Income | 32 | 40 | 29 | 30 | 33 | 33 | 35 | 41 | 18 | 38 | 39 | 31 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 23 | 27 | 26 | 28 | 29 | 29 | 30 | 30 | 30 | 30 | 30 | 30 |
| Profit before tax | 125 | 87 | 16 | 34 | 40 | 61 | 20 | 55 | 30 | 78 | 72 | 103 |
| Tax % | 21% | 24% | 32% | 28% | 52% | 22% | 41% | 25% | 50% | 18% | 23% | 31% |
| Net Profit | 99 | 66 | 11 | 24 | 19 | 48 | 11 | 41 | 15 | 64 | 56 | 71 |
| EPS in Rs | 92.46 | 61.76 | 10.32 | 22.9 | 18.07 | 44.76 | 10.74 | 38.3 | 13.72 | 59.62 | 51.97 | 66.68 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 1%
- 5 Years
- 13%
- 3 Years
- −12%
- TTM
- 19%
- 10 Years
- −7%
- 5 Years
- 16%
- 3 Years
- −32%
- TTM
- 77%
- 10 Years
- 14%
- 5 Years
- 13%
- 3 Years
- 7%
- TTM
- —
- 10 Years
- 9%
- 5 Years
- 9%
- 3 Years
- 7%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| LMW | ₹ 16,412.00 | ₹ 16,945 Cr. | 79.9x | 5.9x | 4% | — |
| Bharat Heavy Electricals | ₹ 387.00 | ₹ 1,34,756 Cr. | 92.4x | 5.6x | — | 6.8% |
| Suzlon Energy | ₹ 37.40 | ₹ 51,409 Cr. | 22.8x | 7.5x | 40.6% | 19% |
| Thermax | ₹ 3,095.60 | ₹ 36,999 Cr. | 73.4x | 10x | 13.7% | 6.7% |
| Voltas | ₹ 950.00 | ₹ 31,434 Cr. | 112.5x | 7x | 5.8% | 3.5% |
| AIA Engineering | ₹ 3,588.70 | ₹ 33,490 Cr. | 34.1x | 5.4x | 17% | 28.7% |
Management
- Sanjay Jayavarthanavelu
- Executive Chairman of the Board, Managing Director
- Vishwanathan Senthil
- Chief Financial Officer
- Coimbatore Ramanathan Shivkumaran
- Compliance Officer, Company Secretary
- Muthulingam Sankar
- Whole-Time Director, Director - Operations
Prices are delayed and for information only. Nothing on this page is investment advice.