LMW
LMW Limited
Industrial conglomerate making textile machinery, machine-tools and aerospace components
Industrials›Capital Goods›Industrial Manufacturing›Industrial Products
lmwglobal.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹16060.00
Market cap
17,157 Cr
Stock P/E
98.2
P/B
5.99
Dividend yield
0.2%
ROE (FY26)
4.6%
ROCE (FY26)
6.3%
Operating margin (FY26)
1.5%
OCF / EBITDA (FY26)
104.8%
OCF / EBITDA (3Y)
46.7%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
LMW makes textile (spinning) machinery for textile mills, machine tools such as machining centres, and precision metallic and composite parts for aerospace, space and defence customers.
Company snapshot
7thBy market cap
Ranked among 69 companies in Industrial Products.
Segment mix
Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.
Largest segment: 63.5% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Advanced Technology Centre | 5.8% | 123 Cr | 11 Cr | — |
| Machine Tool & Foundry Division | 34.3% | 728 Cr | 37 Cr | — |
| Textile Machinery Division | 63.5% | 1,347 Cr | -23 Cr | — |
Shares add up to 104% because segment revenues are before inter-segment eliminations.
What we see
Concerns
- ✗Only 47% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,320 Cr | 1,214 Cr | 971 Cr | 673 Cr | 769 Cr | 766 Cr | 804 Cr | 694 Cr | 822 Cr | 758 Cr | 933 Cr | 861 Cr |
| Operating expenses (approx.) | 1,184 Cr | 1,096 Cr | 897 Cr | 660 Cr | 737 Cr | 731 Cr | 746 Cr | 680 Cr | 778 Cr | 717 Cr | 863 Cr | 797 Cr |
| EBITDA | 136 Cr | 118 Cr | 74 Cr | 13 Cr | 32 Cr | 36 Cr | 58 Cr | 14 Cr | 44 Cr | 42 Cr | 70 Cr | 64 Cr |
| OPM % | 10.3% | 9.7% | 7.6% | 2.0% | 4.2% | 4.7% | 7.2% | 2.0% | 5.4% | 5.5% | 7.5% | 7.4% |
| Other income | 35 Cr | 32 Cr | 40 Cr | 29 Cr | 30 Cr | 33 Cr | 33 Cr | 37 Cr | 41 Cr | 30 Cr | 39 Cr | 41 Cr |
| Interest | 0.01 Cr | 1 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr |
| Depreciation | 24 Cr | 23 Cr | 27 Cr | 26 Cr | 28 Cr | 29 Cr | 29 Cr | 30 Cr | 30 Cr | 30 Cr | 30 Cr | 30 Cr |
| Profit before tax | 147 Cr | 125 Cr | 87 Cr | 16 Cr | 34 Cr | 40 Cr | 61 Cr | 20 Cr | 55 Cr | 30 Cr | 78 Cr | 72 Cr |
| Tax % | 21.9% | 21.2% | 24.3% | 32.2% | 27.6% | 51.6% | 22.1% | 41.3% | 25.5% | 50.3% | 18.2% | 23.0% |
| Net profit | 115 Cr | 99 Cr | 66 Cr | 11 Cr | 24 Cr | 19 Cr | 48 Cr | 11 Cr | 41 Cr | 15 Cr | 64 Cr | 56 Cr |
| EPS (₹) | ₹107.75 | ₹92.46 | ₹61.76 | ₹10.31 | ₹22.90 | ₹18.06 | ₹44.76 | ₹10.74 | ₹38.30 | ₹13.72 | ₹59.61 | ₹51.97 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,499 Cr | 2,643 Cr | 2,712 Cr | 1,574 Cr | 1,727 Cr | 3,171 Cr | 4,719 Cr | 4,696 Cr | 3,012 Cr | 3,207 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 2,240 Cr | 2,367 Cr | 2,438 Cr | 1,563 Cr | 1,657 Cr | 2,924 Cr | 4,270 Cr | 4,261 Cr | 2,873 Cr | 3,038 Cr | Sign in free for the trailing twelve months |
| EBITDA | 259 Cr | 276 Cr | 274 Cr | 11 Cr | 70 Cr | 247 Cr | 449 Cr | 435 Cr | 139 Cr | 169 Cr | Sign in free for the trailing twelve months |
| OPM % | 10.4% | 10.4% | 10.1% | 0.7% | 4.1% | 7.8% | 9.5% | 9.3% | 4.6% | 5.3% | Sign in free for the trailing twelve months |
| Other income | 88 Cr | 107 Cr | 102 Cr | 94 Cr | 79 Cr | 68 Cr | 148 Cr | 144 Cr | 125 Cr | 146 Cr | Sign in free for the trailing twelve months |
| Interest | 0.42 Cr | 0.77 Cr | 1 Cr | 0.61 Cr | 0.08 Cr | 0.09 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | Sign in free for the trailing twelve months |
| Depreciation | 80 Cr | 76 Cr | 55 Cr | 55 Cr | 56 Cr | 60 Cr | 78 Cr | 96 Cr | 113 Cr | 120 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 262 Cr | 302 Cr | 283 Cr | 47 Cr | 71 Cr | 238 Cr | 519 Cr | 482 Cr | 151 Cr | 182 Cr | Sign in free for the trailing twelve months |
| Tax % | 29.0% | 29.0% | 34.4% | 41.1% | 37.5% | 24.0% | 26.0% | 22.5% | 32.2% | 28.1% | Sign in free for the trailing twelve months |
| Net profit | 186 Cr | 215 Cr | 185 Cr | 28 Cr | 45 Cr | 181 Cr | 384 Cr | 374 Cr | 103 Cr | 131 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹166.51 | ₹166.51 | ₹170.56 | ₹26.00 | ₹41.75 | ₹169.47 | ₹359.47 | ₹349.77 | ₹96.05 | ₹122.37 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 24.0% | 5.9% | 11.1% | 28.2% | 78.1% | 24.5% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 11 Cr | 11 Cr | 11 Cr | 11 Cr | 11 Cr | 11 Cr | 11 Cr | 11 Cr | 11 Cr | 11 Cr |
| Reserves | 1,527 Cr | 1,711 Cr | 1,700 Cr | 1,650 Cr | 1,770 Cr | 1,979 Cr | 2,328 Cr | 2,693 Cr | 2,767 Cr | 2,856 Cr |
| Borrowings | — | — | 3 Cr | — | — | — | — | — | — | — |
| Other liabilities | 774 Cr | 832 Cr | 743 Cr | 686 Cr | 977 Cr | 1,656 Cr | 1,752 Cr | 1,328 Cr | 1,230 Cr | 1,396 Cr |
| Total liabilities | 2,312 Cr | 2,554 Cr | 2,457 Cr | 2,346 Cr | 2,758 Cr | 3,646 Cr | 4,090 Cr | 4,031 Cr | 4,008 Cr | 4,262 Cr |
| Fixed assets (net) | 454 Cr | 502 Cr | 687 Cr | 695 Cr | 687 Cr | 708 Cr | 887 Cr | 958 Cr | 971 Cr | 932 Cr |
| CWIP | 3 Cr | 21 Cr | 12 Cr | 30 Cr | 11 Cr | 6 Cr | 24 Cr | 9 Cr | 4 Cr | 1 Cr |
| Investments | 126 Cr | 148 Cr | 124 Cr | 136 Cr | 286 Cr | 448 Cr | 508 Cr | 641 Cr | 701 Cr | 706 Cr |
| Inventories | 332 Cr | 306 Cr | 326 Cr | 288 Cr | 345 Cr | 515 Cr | 702 Cr | 620 Cr | 571 Cr | 575 Cr |
| Trade receivables | 195 Cr | 263 Cr | 193 Cr | 107 Cr | 178 Cr | 322 Cr | 233 Cr | 130 Cr | 177 Cr | 280 Cr |
| Cash & bank | 23 Cr | 121 Cr | 95 Cr | 51 Cr | 53 Cr | 79 Cr | 157 Cr | 118 Cr | 140 Cr | 395 Cr |
| Other assets | 1,179 Cr | 1,192 Cr | 1,019 Cr | 1,038 Cr | 1,198 Cr | 1,568 Cr | 1,578 Cr | 1,555 Cr | 1,443 Cr | 1,373 Cr |
| Total assets | 2,312 Cr | 2,554 Cr | 2,457 Cr | 2,346 Cr | 2,758 Cr | 3,646 Cr | 4,090 Cr | 4,031 Cr | 4,008 Cr | 4,262 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 137 Cr | 211 Cr | 99 Cr | 74 Cr | 157 Cr | 485 Cr | 364 Cr | 141 Cr | 29 Cr | 177 Cr |
| Cash from investing | 68 Cr | -23 Cr | 29 Cr | -70 Cr | -144 Cr | -448 Cr | -242 Cr | -74 Cr | 73 Cr | 110 Cr |
| Cash from financing | -195 Cr | -44 Cr | -215 Cr | -49 Cr | -11 Cr | -11 Cr | -43 Cr | -105 Cr | -80 Cr | -32 Cr |
| Net cash flow | 9 Cr | 144 Cr | -88 Cr | -45 Cr | 2 Cr | 26 Cr | 79 Cr | -39 Cr | 22 Cr | 255 Cr |
| Free cash flow (OCF − Capex) | 1 Cr | 79 Cr | -86 Cr | -11 Cr | 128 Cr | 409 Cr | 86 Cr | -11 Cr | -101 Cr | 104 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 17.3% | 17.4% | 16.6% | 2.9% | 4.0% | 12.0% | 22.2% | 17.8% | 5.4% | 6.3% |
| ROE % | 12.4% | 12.3% | 10.8% | 1.7% | 2.5% | 9.1% | 16.4% | 13.8% | 3.7% | 4.6% |
| Debtor days | 29 | 37 | 26 | 25 | 38 | 37 | 18 | 10 | 21 | 32 |
| Inventory days | 80 | 71 | 73 | 114 | 119 | 91 | 83 | 77 | 115 | 105 |
| Days payable | 79 | 98 | 84 | 131 | 149 | 97 | 79 | 66 | 105 | 113 |
| Cash conversion cycle | 30 | 11 | 15 | 8 | 8 | 31 | 22 | 21 | 31 | 23 |
| OCF / EBITDA % | 52.9% | 76.4% | 36.1% | n.m. | 222.6% | 196.3% | 81.1% | 32.3% | 20.9% | 104.8% |
| OCF / EBITDA % (3 years) | — | — | 55.2% | 68.4% | 92.7% | 217.8% | 131.2% | 87.5% | 52.2% | 46.7% |
| Debt / equity | — | 0.00 | 0.0017 | — | 0.00 | 0.00 | 0.00 | — | — | — |
| Current ratio | 2.32 | 2.25 | 1.82 | 2.13 | 2.01 | 1.53 | 1.65 | 2.15 | 2.62 | 2.30 |
| Net debt / EBITDA | 0.00 | 0.00 | -0.34 | -4.55 | -0.75 | -0.32 | -0.35 | -0.27 | -1.01 | -2.33 |