LMW Limited (formerly Lakshmi Machine Works Limited) is a leading manufacturer of industrial machinery including CNC machines, textile machinery, foundry castings, and aerospace components, and stands as one of the three manufacturers globally to produce the entire range of spinning machinery. The company has established itself as a significant player in the capital goods manufacturing sector with a diversified business model spanning multiple industrial verticals.
Founded in 1962, LMW was incorporated on September 14, 1962, with the primary objective of providing Indian textile mills with the latest spinning technology. The company operates a diversified business model spanning multiple industrial sectors, primarily focusing on manufacturing high-quality, precision-engineered products.
LMW caters to both domestic and international markets, with significant exports to Asian and Oceanic regions. The company's headquarters are located in Coimbatore, Tamil Nadu, and it has expanded its operations globally to serve a diverse customer base.
Born out of the Make in India and Atmanirbhar Bharat ideology, the textile machinery division has evolved into one of the very few manufacturers globally offering the entire range of spinning solutions for textile companies. LMW holds a commanding 60% market share in the domestic textile spinning machinery industry. The division operates with a customer-centric approach, offering comprehensive spinning solutions from preparatory machinery to yarn-making equipment.
LMW diversified into CNC machine tools and has become a brand leader in manufacturing customized products. The company has established a strong reputation as a supplier of high-precision machinery, with its product portfolio comprising lathes, turning centers, and machining centers that serve diverse sectors including automotive, auto-ancillaries, and general engineering.
LMW Foundry manufactures precision castings for industries worldwide. While LMW is recognized as one of India's leading capital goods manufacturers, the company's foundry operations actually represent its original business, having commenced operations with the manufacture of castings.
LMW has established an Advanced Technology Centre to manufacture components for the aerospace industry. The Advanced Technology Centre leverages the company's engineering expertise to manufacture precision-engineered components for highly stringent aerospace clients globally.
As of the latest data, LMW has a market capitalization of ₹17,873 Crore. The company has demonstrated resilience in its financial structure, with the company being almost debt-free.
Key Financial Metrics (FY 2024-25):
- Revenue: ₹3,012 Crore (declined 35.86% from ₹4,696 Crore in FY 2023-24)
- Net Profit: ₹102.61 Crore (declined 72.54% from ₹373.66 Crore in FY 2023-24)
- Return on Equity: 10.7% over the last 3 years
- Dividend Payout Ratio: 26.7%
Q4 FY 2024-25 Performance:
- Sales: ₹803.63 Crore (declined 17.21% from ₹970.65 Crore in Q4 FY 2023-24)
- Net Profit: ₹47.82 Crore (declined 27.52% from ₹65.98 Crore in Q4 FY 2023-24)
LMW's global presence has expanded over the years, with market presence not only in developing countries but also in Europe, and the company has won the Top Export Award in textile machine exports for several consecutive years. The company holds the distinction of being the only manufacturer in Asia outside Europe to produce OE products for Mikron of Switzerland.
The promoter holding in LMW Ltd stands at 31.13% as of March 2025. The company's shares are listed on both the National Stock Exchange of India Limited (NSE) and the BSE Limited (BSE).
Founded on the 'Make in India' premise, LMW has focused on strengthening the competitive edge of Indian textile mills over the last six decades, leveraging its engineering proficiency to create synergistic business verticals with the objective of making India globally competitive. The company continues to invest in research and development to maintain its technological edge and expand its global footprint.
LMW's position as a comprehensive industrial machinery manufacturer, combined with its strong domestic market presence and growing international operations, positions it as a significant player in India's capital goods sector. The company's debt-free status and diversified revenue streams provide a stable foundation for future growth, though recent financial performance indicates challenges that management is actively addressing through operational improvements and market expansion strategies.
