Company Overview

Lakshmi Precision Screws Ltd (LAKPRE), incorporated in 1968 and established in 1972, is a pioneer in providing fastening technology globally, boasting joint ventures, license agreements, and alliances with various international fastening companies. The company operates as a holding entity engaged in the manufacturing and trading of high-tensile fasteners. It serves critical sectors including Automotive, Wind Energy, Oil & Gas, and various Industrial applications.

The company's product range is extensive, covering approximately 9000 variants and customized products. Key offerings include Bolts and Screws, Pins, Nuts, Allen Keys, Anchor Bushes, Hammers, Wedges, Threaded Rods, Ball Pins, and Clevis Pins, among others. LAKPRE manufactures auto components primarily for the Two-wheeler and Four-wheeler industries, forming its core business segment.

Manufacturing Infrastructure and Capacity

Headquartered in Rohtak, Haryana, Lakshmi Precision Screws Ltd operates two primary manufacturing units spread across approximately 100,000 square meters, located about 60 km from New Delhi. The company's installed manufacturing capacity is 28,432 metric tons per annum, supported by a network of ancillaries.

The manufacturing processes encompass wire drawing, annealing, forging, secondary operations, heat treatment, and finishing. The company established an additional plant in 1993 to address growing global demand, expanding its operational footprint.

Market Segments and Applications

Lakshmi Precision Screws Ltd caters to a diverse range of industries. Its key market segments and applications include:

- Automotive: Serving both Two-wheeler and Four-wheeler industries.

- Wind Energy: Providing critical fastening solutions.

- Oil & Gas: Supplying specialized fasteners.

- Industrial & Machine Building: Catering to general industrial needs, agricultural equipment (tractors), and machinery manufacturers.

- Locomotives: Supplying components for railway applications.

- Other Sectors: Including printing machinery and textile sectors.

Global Presence and Export Operations

Historically, Lakshmi Precision Screws Ltd has been one of India's largest exporters of fasteners. Approximately 35% of its total sales are derived from exports to numerous countries, including the United States of America, Australia, Canada, Denmark, Germany, Japan, Malaysia, Singapore, and Sweden, among others. The company is also a partner of the Global Fastener Alliance (GFA), underscoring its international reach.

Financial Performance and Market Position

As of recent data:

- Market Capitalization: ₹5.44 Crore

- Revenue: ₹232 Crore

- Profit: -₹33.2 Crore

- 52-Week High: ₹7.42

- 52-Week Low: ₹3.88

The company has encountered significant financial challenges in recent years. It has reported a poor sales growth of -5.37% over the past five years and a low return on equity of -37.6% over the last three years. Furthermore, the Enforcement Directorate has attached assets worth ₹156 crore from Lakshmi Precision Screws Ltd due to alleged loan defaults and fraudulent activities, including misrepresentation of financials and diversion of funds.

Corporate Structure and Leadership

Lakshmi Precision Screws Limited is a public non-government company incorporated on December 27, 1968, and registered with the Registrar of Companies (ROC), Delhi.

- Authorized Share Capital: ₹250,000,000

- Paid-up Capital: ₹109,416,670

The company's Board of Directors includes Lalit Kumar Jain, Dinesh Kumar Jain, Bijendra Singh, Madhav Roy, Ravi Shankar Sharma, and Saumitra Choudhury.

Lakshmi Precision Screws Ltd operates with a total of 1,002 employees and strives to maintain high levels of customer satisfaction. Despite recent adversities, the company continues its operations in the competitive fastener manufacturing industry, leveraging its decades of experience and established global relationships.