Announcement • May 04
LMW Limited to Report Q4, 2026 Results on May 20, 2026 LMW Limited announced that they will report Q4, 2026 results on May 20, 2026 Price Target Changed • Feb 24
Price target increased by 12% to ₹11,320 Up from ₹10,095, the current price target is an average from 2 analysts. New target price is 27% below last closing price of ₹15,517. Stock is up 10% over the past year. The company posted earnings per share of ₹96.05 last year. Price Target Changed • Jan 30
Price target decreased by 13% to ₹10,036 Down from ₹11,522, the current price target is an average from 2 analysts. New target price is 33% below last closing price of ₹14,920. Stock is down 4.7% over the past year. The company posted earnings per share of ₹96.05 last year. Reported Earnings • Jan 29
Third quarter 2026 earnings released: EPS: ₹13.72 (vs ₹18.06 in 3Q 2025) Third quarter 2026 results: EPS: ₹13.72 (down from ₹18.06 in 3Q 2025). Revenue: ₹7.88b (up 2.8% from 3Q 2025). Net income: ₹146.6m (down 24% from 3Q 2025). Profit margin: 1.9% (down from 2.5% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jan 07
LMW Limited to Report Q3, 2026 Results on Jan 28, 2026 LMW Limited announced that they will report Q3, 2026 results on Jan 28, 2026 Price Target Changed • Nov 07
Price target decreased by 8.7% to ₹10,962 Down from ₹12,009, the current price target is an average from 2 analysts. New target price is 30% below last closing price of ₹15,718. Stock is down 3.3% over the past year. The company posted earnings per share of ₹96.05 last year. Reported Earnings • Nov 06
Second quarter 2026 earnings released: EPS: ₹38.30 (vs ₹22.90 in 2Q 2025) Second quarter 2026 results: EPS: ₹38.30 (up from ₹22.90 in 2Q 2025). Revenue: ₹8.63b (up 12% from 2Q 2025). Net income: ₹409.2m (up 67% from 2Q 2025). Profit margin: 4.7% (up from 3.2% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Oct 07
LMW Limited to Report Q2, 2026 Results on Nov 05, 2025 LMW Limited announced that they will report Q2, 2026 results on Nov 05, 2025 Reported Earnings • Jul 18
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: ₹10.74 (up from ₹10.31 in 1Q 2025). Revenue: ₹6.94b (up 3.1% from 1Q 2025). Net income: ₹114.7m (up 4.1% from 1Q 2025). Profit margin: 1.7% (up from 1.6% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) also missed analyst estimates by 64%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 03
Upcoming dividend of ₹30.00 per share Eligible shareholders must have bought the stock before 10 July 2025. Payment date: 16 August 2025. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.9%). Announcement • Jun 30
LMW Limited to Report Q1, 2026 Results on Jul 17, 2025 LMW Limited announced that they will report Q1, 2026 results on Jul 17, 2025 Reported Earnings • Jun 19
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₹96.05 (down from ₹350 in FY 2024). Revenue: ₹30.1b (down 36% from FY 2024). Net income: ₹1.03b (down 73% from FY 2024). Profit margin: 3.4% (down from 8.0% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 10%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Reported Earnings • May 15
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₹96.05 (down from ₹350 in FY 2024). Revenue: ₹31.4b (down 33% from FY 2024). Net income: ₹1.03b (down 73% from FY 2024). Profit margin: 3.3% (down from 8.0% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 10%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Announcement • Apr 16
LMW Limited to Report Q4, 2025 Results on May 14, 2025 LMW Limited announced that they will report Q4, 2025 results on May 14, 2025 Reported Earnings • Jan 27
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: ₹18.06 (down from ₹92.46 in 3Q 2024). Revenue: ₹7.66b (down 37% from 3Q 2024). Net income: ₹193.0m (down 81% from 3Q 2024). Profit margin: 2.5% (down from 8.1% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 24
LMW Limited Announces Retirement of Chitra Venkataraman as Non-Executive Independent Director, Effective February 1, 2025 LMW Limited at its Board of Directors meeting held on 24 January 2025 approved the retirement of Justice (Smt) Chitra Venkataraman (Retd.) from the position of Non-Executive Independent Director of the Company consequent to the completion of her second term of five (5) consecutive years with effect from February 1, 2025. Announcement • Dec 30
LMW Limited to Report Q3, 2025 Results on Jan 24, 2025 LMW Limited announced that they will report Q3, 2025 results on Jan 24, 2025 Reported Earnings • Oct 29
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: ₹22.90 (down from ₹108 in 2Q 2024). Revenue: ₹7.99b (down 40% from 2Q 2024). Net income: ₹244.6m (down 79% from 2Q 2024). Profit margin: 3.1% (down from 8.7% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 17%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year and the company’s share price has also increased by 21% per year. Announcement • Oct 28
LMW Limited Announces M. Ranganathan Designates as Senior Management Personnel LMW Limited announced that Mr. M. Ranganathan, Head (HR & IR) has been designated as Senior Management Personnel of the Company with effect from 1st November 2024. Sri M Ranganathan joined the Company on December 1, 2004. He is a law graduate and has over three decades of functional experience and expertise in Industrial relations & HR. Announcement • Sep 30
LMW Limited to Report First Half, 2025 Results on Oct 28, 2024 LMW Limited announced that they will report first half, 2025 results on Oct 28, 2024 Board Change • Sep 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Venkataramani Anantharamakrishnan was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 27
Lakshmi Machine Works Limited Announces Resignation of Sanjay Ahuja as Head of HR, Effective November 30, 2024 Lakshmi Machine Works Limited announced resignation of Sri. Sanjay Ahuja from the position of Head HR due to personal reasons. Date of cessation is November 30, 2024. Price Target Changed • Aug 06
Price target decreased by 17% to ₹11,270 Down from ₹13,507, the current price target is an average from 2 analysts. New target price is 23% below last closing price of ₹14,679. Stock is up 9.8% over the past year. The company is forecast to post earnings per share of ₹185 for next year compared to ₹350 last year. Announcement • Aug 02
Lakshmi Machine Works Limited Appoints Pushya Sitaraman as an Independent Director of the Company Lakshmi Machine Works Limited announced the appointment of Smt. Pushya Sitaraman (DIN: 06537196) as an Independent Director of the Company for a term of five (5) consecutive years with effect from 5th August 2024. Announcement • Aug 01
Lakshmi Machine Works Limited Appoints Venkataramani Anantharamakrishnan and Pushya Sitaraman as an Independent Director Lakshmi Machine Works Limited at its AGM held on 31 July 2024 appointed Venkataramani Anantharamakrishnan and Pushya Sitaraman as an Independent Director with effect from 5th August 2024. Upcoming Dividend • Jul 17
Upcoming dividend of ₹75.00 per share Eligible shareholders must have bought the stock before 24 July 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.7%). Reported Earnings • Jul 08
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₹350 (down from ₹359 in FY 2023). Revenue: ₹47.0b (flat on FY 2023). Net income: ₹3.74b (down 2.7% from FY 2023). Profit margin: 8.0% (down from 8.1% in FY 2023). Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 6.5%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • Jul 04
Lakshmi Machine Works Limited to Report Q1, 2025 Results on Jul 31, 2024 Lakshmi Machine Works Limited announced that they will report Q1, 2025 results on Jul 31, 2024 Price Target Changed • May 29
Price target decreased by 9.2% to ₹11,817 Down from ₹13,010, the current price target is an average from 2 analysts. New target price is 25% below last closing price of ₹15,688. Stock is up 37% over the past year. The company is forecast to post earnings per share of ₹316 for next year compared to ₹350 last year. Declared Dividend • May 29
Dividend reduced to ₹75.00 Dividend of ₹75.00 is 24% lower than last year. Ex-date: 24th July 2024 Payment date: 30th August 2024 Dividend yield will be 0.5%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 28
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₹350 (down from ₹359 in FY 2023). Revenue: ₹48.4b (up 2.5% from FY 2023). Net income: ₹3.74b (down 2.7% from FY 2023). Profit margin: 7.7% (down from 8.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 6.5%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • May 28
Lakshmi Machine Works Limited Recommends Dividend for the Financial Year Ended March 31, 2024 Lakshmi Machine Works Limited Recommended dividend of INR 75 per equity share having face value of INR 10 each for the financial year ended March 31, 2024, subject to the approval of the shareholders. To close the Register of Members and Share Transfer Books of the Company from July 25, 2024 to July 31, 2024 both days inclusive, for the purpose of determining the eligibility of the equity shareholders for the dividend, if approved by theshareholders. The record date for determining the members eligible to receive the dividend will be July 24, 2024. Announcement • May 10
Lakshmi Machine Works Limited to Report Q4, 2024 Results on May 27, 2024 Lakshmi Machine Works Limited announced that they will report Q4, 2024 results on May 27, 2024 Reported Earnings • Feb 13
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: ₹92.46 (down from ₹106 in 3Q 2023). Revenue: ₹12.5b (up 2.0% from 3Q 2023). Net income: ₹987.7m (down 13% from 3Q 2023). Profit margin: 7.9% (down from 9.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Jan 19
Lakshmi Machine Works Limited Announces Resignation of T. C. Suseel Kumar as Director Lakshmi Machine Works Limited informed that Sri. T. C. Suseel Kumar (DIN:06453310) Nominee Director (representing Life Insurance Corporation) on the Board of the Company has submitted his resignation with effect from close of business hours on 26th January, 2024. The resignation letter as submitted by Sri. T C Suseel Kumar, will be considered /taken on note by the Board /Committee members at their upcoming Meeting(s). Announcement • Dec 26
Lakshmi Machine Works Limited to Report Q3, 2024 Results on Feb 12, 2024 Lakshmi Machine Works Limited announced that they will report Q3, 2024 results on Feb 12, 2024 Price Target Changed • Oct 31
Price target decreased by 14% to ₹12,305 Down from ₹14,336, the current price target is provided by 1 analyst. New target price is 6.8% below last closing price of ₹13,204. Stock is up 1.8% over the past year. The company is forecast to post earnings per share of ₹358 for next year compared to ₹359 last year. Reported Earnings • Oct 27
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: ₹108 (up from ₹97.64 in 2Q 2023). Revenue: ₹13.6b (up 12% from 2Q 2023). Net income: ₹1.15b (up 10% from 2Q 2023). Profit margin: 8.5% (in line with 2Q 2023). Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Announcement • Sep 21
Lakshmi Machine Works Limited to Report Q2, 2024 Results on Oct 25, 2023 Lakshmi Machine Works Limited announced that they will report Q2, 2024 results on Oct 25, 2023 Upcoming Dividend • Jul 17
Upcoming dividend of ₹98.50 per share at 0.7% yield Eligible shareholders must have bought the stock before 24 July 2023. Payment date: 30 August 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.8%). Reported Earnings • Jul 08
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: EPS: ₹359 (up from ₹169 in FY 2022). Revenue: ₹47.2b (up 49% from FY 2022). Net income: ₹3.84b (up 112% from FY 2022). Profit margin: 8.1% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth. Announcement • Jun 27
Lakshmi Machine Works Limited to Report Q1, 2024 Results on Jul 31, 2023 Lakshmi Machine Works Limited announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • May 25
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: EPS: ₹359 (up from ₹169 in FY 2022). Revenue: ₹48.7b (up 54% from FY 2022). Net income: ₹3.84b (up 112% from FY 2022). Profit margin: 7.9% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 66% per year, which means it is significantly lagging earnings growth. Announcement • May 04
Lakshmi Machine Works Limited to Report Fiscal Year 2023 Results on May 24, 2023 Lakshmi Machine Works Limited announced that they will report fiscal year 2023 results on May 24, 2023 Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: ₹106 (vs ₹60.25 in 3Q 2022) Third quarter 2023 results: EPS: ₹106 (up from ₹60.25 in 3Q 2022). Revenue: ₹12.2b (up 34% from 3Q 2022). Net income: ₹1.13b (up 76% from 3Q 2022). Profit margin: 9.2% (up from 7.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Announcement • Jan 12
Lakshmi Machine Works Limited to Report Q3, 2023 Results on Feb 01, 2023 Lakshmi Machine Works Limited announced that they will report Q3, 2023 results on Feb 01, 2023 Price Target Changed • Nov 16
Price target increased to ₹15,021 Up from ₹13,624, the current price target is provided by 1 analyst. New target price is 14% above last closing price of ₹13,162. Stock is up 40% over the past year. The company is forecast to post earnings per share of ₹362 for next year compared to ₹169 last year. Reported Earnings • Oct 22
Second quarter 2023 earnings released: EPS: ₹97.64 (vs ₹40.75 in 2Q 2022) Second quarter 2023 results: EPS: ₹97.64 (up from ₹40.75 in 2Q 2022). Revenue: ₹12.5b (up 56% from 2Q 2022). Net income: ₹1.04b (up 140% from 2Q 2022). Profit margin: 8.3% (up from 5.4% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 08
Upcoming dividend of ₹40.00 per share Eligible shareholders must have bought the stock before 15 July 2022. Payment date: 10 August 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.8%). Lower than average of industry peers (0.8%). Reported Earnings • Jul 01
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: ₹169 (up from ₹41.75 in FY 2021). Revenue: ₹31.7b (up 84% from FY 2021). Net income: ₹1.81b (up 306% from FY 2021). Profit margin: 5.7% (up from 2.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 29%, compared to a 18% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • May 15
Full year 2022 earnings released: EPS: ₹169 (vs ₹41.75 in FY 2021) Full year 2022 results: EPS: ₹169 (up from ₹41.75 in FY 2021). Revenue: ₹31.7b (up 84% from FY 2021). Net income: ₹1.81b (up 306% from FY 2021). Profit margin: 5.7% (up from 2.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. 
