LMW Ltd
NSE:LMW
LMW Ltd
Lakshmi Machine Works Ltd. engages in the manufacture and sale of textile spinning machinery. The company is headquartered in Coimbatore, Tamil Nadu and currently employs 3,590 full-time employees. The company 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 industry. Its business verticals include Foundry Division (FDY), Textile Machinery Division (TMD), Machine Tool Division (MTD), and Advanced Technology Centre (ATC). The FDY makes precision castings for industries worldwide. The TMD manufactures an entire range of textile spinning machinery to the textile industry. The MTD offers comprehensive machine tools comprising turning centers, machining centers and turn mill centers. The ATC manufactures components and assemblies for the global aerospace Industry. The FDY's products include locomotive castings/turbocharger parts, marine transmission castings, and pumps and valves. The TMD's products include card sliver system, compact spinning system and mill network system.
Lakshmi Machine Works Ltd. engages in the manufacture and sale of textile spinning machinery. The company is headquartered in Coimbatore, Tamil Nadu and currently employs 3,590 full-time employees. The company 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 industry. Its business verticals include Foundry Division (FDY), Textile Machinery Division (TMD), Machine Tool Division (MTD), and Advanced Technology Centre (ATC). The FDY makes precision castings for industries worldwide. The TMD manufactures an entire range of textile spinning machinery to the textile industry. The MTD offers comprehensive machine tools comprising turning centers, machining centers and turn mill centers. The ATC manufactures components and assemblies for the global aerospace Industry. The FDY's products include locomotive castings/turbocharger parts, marine transmission castings, and pumps and valves. The TMD's products include card sliver system, compact spinning system and mill network system.
Revenue Decline: LMW reported a sharp fall in turnover for FY 2024-25, with consolidated revenue down 37% year-on-year to INR 2,909 crores.
TMD Weakness: Textile Machinery Division (TMD) revenue and profit dropped significantly due to continued weak order inflow, with a 48% annual revenue decline and a swing to loss.
Order Book: TMD order book stands at INR 2,900 crores, but only 75% is active, and export orders are subdued at INR 260 crores due to ongoing challenges in key markets like Bangladesh and Turkey.
Machine Tool Steady: Machine Tool Division (MTD) maintained stable revenue, with capacity available for 30% further growth, and management is optimistic on sector outlook.
Profitability Actions: Cost controls and operational changes helped TMD remain profitable despite revenue pressure; similar actions support margins elsewhere.
Challenging Outlook: Management expects weak conditions in core textile and export markets to persist for a couple more quarters, but sees long-term opportunities from new geographies and modernization.
Dividend & Cash: Company declared a 300% dividend and is evaluating options for deploying its INR 1,300–1,400 crores in cash, including expansion into new markets.
