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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A weak, stagnant business, fully valued — but flagged on governance.
Lakshmi Machines is scored on the general / industrial framework. It keeps a thin 3.9% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.36× reported profit. Free cash flow is worth about 1.6% of its market value.
Over the last 3 years revenue compounded at -12%/yr and profit at -30%/yr. Book value has grown 7%/yr. Return on equity is a weak 6.8%. In the latest quarter profit fell 13% versus the prior quarter.
At 139× earnings, the stock sits at the 69th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~30%/yr earnings growth sustained for a decade — a demanding bar. The forensic screen raises a red flag: 80% of pre-tax profit is other income, not operations.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 88.95 | 26.07 | worse |
| P/B | 6 | 2.4 | worse |
| EV/EBITDA | 43.07 | 24.34 | worse |
| ROE | 6.75 | 3.94 | better |
| ROCE | 8.63 | 10.57 | worse |
| ROA | 4.18 | 2.03 | better |
| Quick Ratio | 1.8 | 2.33 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Bonfiglioli Trans | 0.0 | 0.0 | 25.7% |
| Skipper | 25.8 | 3.3 | 12.6% |
| Triveni Power Trans | -8891.0 | 229.2 | 25.2% |
Negative CAGR — the top line has shrunk over this window. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (-12% vs -30%) — costs are rising faster than the top line.
Operating margin has compressed from 11% to 5% — costs or competition are eating into profitability. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 5% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 12pp.
-30% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.4× PAT — earnings are well-backed by cash; strong accrual quality. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 7% QoQ — could be seasonality or a genuine slowdown. Run-rate stepping up — recent quarters average 13% above earlier ones.
Profit fell 13% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 30.8% — dispersed ownership; institutional flows drive the stock.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.