LOKESHMACH

Lokesh Machines Limited

Engineering products and small arms manufacturer in Machinery and Components divisions

Industrials›Capital Goods›Industrial Manufacturing›Industrial Products

lokeshmachines.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹390.20
Market cap
851 Cr
Stock P/E
188.2
P/B
3.42
Dividend yield
0.0%
ROE (FY26)
1.7%
ROCE (FY26)
6.0%
Operating margin (FY26)
10.9%
Debt / equity (FY26)
0.74
OCF / EBITDA (FY26)
-35.0%
OCF / EBITDA (3Y)
23.3%

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

Lokesh Machines makes machine tools, auto components and small arms in India, selling to vehicle and engineering makers such as Ashok Leyland, Tata Motors and Mahindra and to Indian defence and security forces.

Company snapshot

50thBy 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: 53.6% of revenue

SegmentRevenue shareRevenuePBTAssets
Components Division
46.4%
24 Cr1 Cr148 Cr
Machines Division
53.6%
28 Cr0.17 Cr268 Cr

What we see

Concerns
  • ✗Net margin is very thin at 1.9% — little room for error if costs rise.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales76 Cr86 Cr80 Cr63 Cr75 Cr52 Cr39 Cr48 Cr50 Cr51 Cr59 Cr55 Cr
Operating expenses (approx.)67 Cr74 Cr68 Cr54 Cr63 Cr51 Cr31 Cr39 Cr41 Cr41 Cr49 Cr46 Cr
EBITDA10 Cr13 Cr12 Cr8 Cr12 Cr0.98 Cr7 Cr9 Cr10 Cr10 Cr10 Cr10 Cr
OPM %12.8%15.0%14.8%12.9%16.1%1.9%18.9%17.9%19.1%18.8%17.7%17.3%
Other income0.27 Cr0.36 Cr0.65 Cr0.50 Cr0.20 Cr0.32 Cr0.46 Cr0.28 Cr0.21 Cr0.16 Cr0.41 Cr0.32 Cr
Interest3 Cr3 Cr3 Cr4 Cr4 Cr4 Cr4 Cr4 Cr5 Cr5 Cr4 Cr5 Cr
Depreciation2 Cr3 Cr2 Cr3 Cr3 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr
Profit before tax5 Cr8 Cr7 Cr2 Cr5 Cr-6 Cr0.32 Cr0.72 Cr0.89 Cr0.93 Cr3 Cr1 Cr
Tax %30.0%33.5%33.8%33.0%33.0%33.4%60.3%36.6%29.9%33.1%22.0%28.5%
Net profit3 Cr5 Cr5 Cr1 Cr3 Cr-4 Cr0.13 Cr0.46 Cr0.63 Cr0.63 Cr2 Cr1 Cr
EPS (₹)₹1.84₹2.85₹2.54₹0.56₹1.88₹-2.14₹0.06₹0.23₹0.31₹0.31₹1.08₹0.49

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales132 Cr183 Cr190 Cr126 Cr150 Cr202 Cr240 Cr294 Cr228 Cr209 CrSign in free for the trailing twelve months
Operating expenses (approx.)104 Cr154 Cr159 Cr114 Cr125 Cr172 Cr212 Cr253 Cr200 Cr170 CrSign in free for the trailing twelve months
EBITDA28 Cr29 Cr31 Cr12 Cr25 Cr30 Cr29 Cr40 Cr28 Cr38 CrSign in free for the trailing twelve months
OPM %21.1%15.6%16.4%9.6%16.6%14.7%11.9%13.7%12.5%18.3%Sign in free for the trailing twelve months
Other income0.35 Cr0.84 Cr0.95 Cr0.43 Cr1 Cr0.82 Cr4 Cr2 Cr1 Cr1 CrSign in free for the trailing twelve months
Interest17 Cr14 Cr13 Cr12 Cr12 Cr12 Cr11 Cr11 Cr15 Cr18 CrSign in free for the trailing twelve months
Depreciation8 Cr8 Cr9 Cr9 Cr8 Cr9 Cr9 Cr10 Cr14 Cr16 CrSign in free for the trailing twelve months
Profit before tax3 Cr7 Cr10 Cr-8 Cr5 Cr9 Cr15 Cr21 Cr0.89 Cr5 CrSign in free for the trailing twelve months
Tax %36.3%34.2%33.6%42.4%26.9%32.1%33.3%32.6%39.7%27.3%Sign in free for the trailing twelve months
Net profit2 Cr5 Cr7 Cr-5 Cr4 Cr6 Cr10 Cr14 Cr0.54 Cr4 CrSign in free for the trailing twelve months
EPS (₹)₹1.32₹2.73₹3.78₹-2.62₹2.21₹3.55₹5.41₹7.68₹0.28₹1.95Sign in free for the trailing twelve months
Dividend payout %————0.2%0.1%0.1%0.1%0.0%0.0%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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital17 Cr18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr19 Cr20 Cr
Reserves112 Cr120 Cr126 Cr121 Cr125 Cr131 Cr141 Cr177 Cr193 Cr208 Cr
Borrowings84 Cr72 Cr71 Cr75 Cr80 Cr87 Cr88 Cr118 Cr134 Cr169 Cr
Other liabilities82 Cr70 Cr73 Cr63 Cr63 Cr58 Cr79 Cr77 Cr81 Cr98 Cr
Total liabilities295 Cr280 Cr288 Cr278 Cr287 Cr294 Cr326 Cr391 Cr428 Cr496 Cr
Fixed assets (net)86 Cr108 Cr101 Cr99 Cr116 Cr113 Cr118 Cr166 Cr199 Cr199 Cr
CWIP41 Cr19 Cr25 Cr26 Cr5 Cr7 Cr15 Cr16 Cr6 Cr9 Cr
Investments2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr1 Cr1 Cr1 Cr1 Cr
Loans & advances——8 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories96 Cr96 Cr96 Cr99 Cr99 Cr98 Cr112 Cr117 Cr137 Cr169 Cr
Trade receivables27 Cr25 Cr34 Cr29 Cr40 Cr44 Cr41 Cr48 Cr40 Cr69 Cr
Cash & bank2 Cr3 Cr4 Cr0.83 Cr0.58 Cr0.18 Cr0.22 Cr0.21 Cr0.17 Cr0.22 Cr
Other assets43 Cr27 Cr19 Cr22 Cr25 Cr31 Cr38 Cr41 Cr44 Cr48 Cr
Total assets295 Cr280 Cr288 Cr278 Cr287 Cr294 Cr326 Cr391 Cr428 Cr496 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity21 Cr30 Cr31 Cr11 Cr9 Cr23 Cr32 Cr17 Cr21 Cr-13 Cr
Cash from investing-7 Cr-5 Cr-10 Cr-2 Cr-4 Cr-11 Cr-22 Cr-60 Cr-37 Cr-16 Cr
Cash from financing-15 Cr-24 Cr-21 Cr-9 Cr-5 Cr-12 Cr-10 Cr42 Cr16 Cr29 Cr
Net cash flow-0.30 Cr0.80 Cr-0.33 Cr-0.19 Cr-0.25 Cr-0.40 Cr0.04 Cr-0.0064 Cr-0.04 Cr0.04 Cr
Free cash flow (OCF − Capex)11 Cr23 Cr22 Cr8 Cr6 Cr23 Cr8 Cr-42 Cr-16 Cr-29 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %9.4%10.1%10.7%1.7%8.0%9.1%10.2%10.2%4.6%6.0%
ROE %1.6%3.4%4.7%-3.4%2.8%4.3%6.1%7.1%0.3%1.7%
Debtor days734965849779626064121
Inventory days511374355578498329279250370520
Days payable15610813816213893747898166
Cash conversion cycle428316281500458315267233337475
OCF / EBITDA %75.8%106.2%99.7%94.2%37.5%77.6%110.9%43.3%73.4%-35.0%
OCF / EBITDA % (3 years)——94.2%101.4%76.0%65.6%77.0%73.2%71.9%23.3%
Debt / equity0.660.530.490.540.560.580.550.600.630.74
Current ratio1.111.121.151.201.411.441.311.411.361.47
Net debt / EBITDA2.95—2.146.173.212.913.082.924.694.42