LMW Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹16,977 Cr
- P/E
- 92.93
- ROE
- 4.05%
- PEG
- -2.95
- Price to sales
- 5.04
- Debt to equity
- 0.00
- 52W high / low
- ₹20,047 / ₹11,997
- Sales growth (5Y)
- 13.18%
- EBITDA margin
- 6.49%
- Net profit margin
- 3.56%
- Promoter holding
- 30.80%
- Sales (last year)
- ₹3,374 Cr
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.[1]
Guidance scorecard · Q2 FY27 call
What LMW Ltd's management guided
and where it ranks in Industrial Manufacturing
Industrial Manufacturing
RevenueQ1 FY27 call
10–20%- Machine Tool Division has shown strong YoY growth, driven by expanding product portfolio, especially machining centers, targeting sectors like automotive and EMS.
- Order book for Textile Machinery Division (TMD) is stable with secured orders of ₹3,200+ crores and expected gradual increase in spindle absorption driven by state policies and FTAs.
- ATC is scaling up with a significant order book (~₹1,000 crores) and capacity expansion underway with ₹150 crore capex for new facility over 18-24 months.
- Efforts ongoing to increase utilization in textile division (~60% currently) and to ensure full capacity utilization across divisions for better margins.
2 more points from LMW Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what LMW Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- ATC is investing approximately ₹150 crores for a new facility involving land and building construction; land is already owned.
- The timeline for the ATC facility development is 18 to 24 months to support business scale-up.
- The capex plan was mentioned in the quarter ended December 2024.
- The investment aims to expand ATC's capacity in line with the increased order book and business growth.
2 more points from LMW Ltd's call on capex
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FundraisingQ1 FY27 call
See what LMW Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Total order book for Textile Machinery Division (TMD) stands at ₹3,200 crores, with active orders around ₹2,400 crores.
- TMD order book execution visibility spans 3-5 years depending on the project.
- ATC division has an order book of approximately ₹1,000 crores for execution over 3 to 3.5 years.
- Exports order book for ATC is strong (around 90%) whereas TMD exports order book is limited and mostly short-term.
- Export orders: ₹150 crores for textile machinery (LMW Global in Dubai ₹22 crores and China ₹128 crores).
- Machine Tool Division (MTD) primarily operates on short cycle orders, typically executed within 3 months.
- Order book composition for TMD is roughly 70% projects and 30% unitary orders.
2 more points from LMW Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Manufacturing
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Manufacturing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹1,207 Cr | 111.0 | |
| 2 | 40%+ | Up 0–2% | ₹549 Cr | 33.8 | |
| 3 | 40%+ | Flat | ₹8,076 Cr | 94.4 | |
| 4 | 40%+ | Flat | ₹3,732 Cr | 81.2 | |
| 5 | 40%+ | Flat | ₹2,580 Cr | 61.2 | |
| 6 | 40%+ | Flat | ₹743 Cr | 43.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Manufacturing rankingLMW Ltd announcements
All announcements →- Financial resultsMajor developmentLMW Limited approves Sept 2026 quarter results, new unit and director retirement
Financials of LMW Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
LMW Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 31.13% | 31.13% | 31.13% | 31.13% | 31.13% | 31.13% | 30.80% | 30.80% | 30.80% | 30.80% | 30.80% | 30.80% |
| FIIs + | 4.97% | 5.24% | 5.48% | 5.49% | 5.63% | 5.91% | 5.81% | 5.53% | 5.47% | 5.54% | 5.45% | 5.41% |
| DIIs + | 11.28% | 11.15% | 10.90% | 10.63% | 10.16% | 9.63% | 9.85% | 9.78% | 9.77% | 9.55% | 9.50% | 9.49% |
| Public + | 52.60% | 52.47% | 52.49% | 52.75% | 53.06% | 53.32% | 53.52% | 53.87% | 53.95% | 54.09% | 54.23% | 54.27% |
| No. of Shareholders | 34,173 | 32,761 | 32,107 | 31,602 | 31,283 | 30,900 | 32,140 | 32,240 | 31,652 | 31,201 | 30,685 | 30,857 |
Financials of LMW Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | 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 + | 1,320 | 1,214 | 971 | 673 | 769 | 766 | 804 | 694 | 822 | 758 | 933 | 861 | 1,132 |
| Expenses + | 1,184 | 1,097 | 897 | 660 | 737 | 731 | 746 | 680 | 778 | 717 | 863 | 797 | 1,030 |
| Operating Profit | 136 | 117 | 74 | 13 | 32 | 36 | 58 | 14 | 44 | 42 | 70 | 64 | 102 |
| OPM % | 10% | 10% | 8% | 2.0% | 4.2% | 4.7% | 7% | 2.0% | 5% | 5% | 7% | 7% | 9% |
| Other Income + | 35 | 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 | 0 |
| Depreciation | 24 | 23 | 27 | 26 | 28 | 29 | 29 | 30 | 30 | 30 | 30 | 30 | 30 |
| Profit before tax | 147 | 125 | 87 | 16 | 34 | 40 | 61 | 20 | 55 | 30 | 78 | 72 | 103 |
| Tax % | 22% | 21% | 24% | 32% | 28% | 52% | 22% | 41% | 25% | 50% | 18% | 23% | 31% |
| Net Profit + | 115 | 99 | 66 | 11 | 24 | 19 | 48 | 11 | 41 | 15 | 64 | 56 | 71 |
| EPS in Rs | 107.75 | 92.46 | 61.76 | 10.32 | 22.90 | 18.07 | 44.76 | 10.74 | 38.30 | 13.72 | 59.62 | 51.97 | 66.68 |
Financials of LMW Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 3,684 |
| 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 | 3,407 |
| Operating Profit | 311 | 338 | 259 | 276 | 274 | 11 | 71 | 247 | 450 | 435 | 142 | 170 | 277 |
| OPM % | 12% | 12% | 10% | 10% | 10% | 0.7% | 4.1% | 8% | 10% | 9% | 4.7% | 5% | 8% |
| Other Income + | 91 | 88 | 84 | 103 | 65 | 92 | 56 | 51 | 147 | 143 | 122 | 132 | 126 |
| 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 |
| Profit before tax | 301 | 337 | 262 | 302 | 283 | 47 | 71 | 238 | 519 | 482 | 151 | 182 | 282 |
| 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 | 205 |
| EPS in Rs | 194.97 | 201.78 | 170.15 | 195.92 | 173.53 | 25.99 | 41.75 | 169.47 | 359.47 | 349.77 | 96.05 | 122.37 | 191.99 |
| Dividend Payout % | 19% | 20% | 21% | 20% | 20% | 38% | 24% | 24% | 27% | 21% | 31% | 29% |
Financials of LMW Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 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 | 3,029 |
| Borrowings + | 0 | 0 | 0 | 3 | 3 | 0 | 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 | 1,868 |
| 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 | 4,907 |
| Fixed Assets + | 439 | 464 | 520 | 570 | 699 | 711 | 701 | 721 | 903 | 972 | 990 | 946 | 926 |
| CWIP | 6 | 8 | 6 | 21 | 12 | 30 | 11 | 6 | 24 | 9 | 4 | 1 | 6 |
| Investments | 64 | 88 | 61 | 83 | 124 | 136 | 286 | 448 | 508 | 641 | 701 | 706 | 855 |
| 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 | 3,121 |
| 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 | 4,907 |
Financials of LMW Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 131 | 81 | 137 | 211 | 99 | 74 | 157 | 485 | 364 | 141 | 29 | 177 |
| Cash from Investing Activity + | -54 | -64 | 68 | -23 | 29 | -70 | -144 | -448 | -242 | -74 | 73 | 110 |
| Cash from Financing Activity + | -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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 71% | 57% | 88% | 107% | 64% | 926% | 278% | 222% | 94% | 60% | 33% | 143% |
Financials of LMW Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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% |
Guidance history
How LMW Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | Rising |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 0–10% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
32 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +0.3% | 61% |
| Last 6 months | +9.1% | 68% |
| Last 3 months | −1.6% | 65% |
The price is 20.7% below its all-time high of ₹20,047 (17 Aug 2026). Stocks more than 20% below their peak have their score halved, so 64 became 32.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For LMW Ltd: 0.4 × 61 + 0.4 × 68 + 0.2 × 65 = 64, halved to 32 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What LMW Ltd's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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