Incorporated in 1983, Lokesh Machines Limited is headquartered in Hyderabad and has established itself as a prominent player in India's machine tools industry. The company was founded by Mullapudi Lokeswara Rao on December 17, 1983, starting commercial operations in 1985. Today, it ranks among the top five machine tool manufacturers in India and has emerged as a leading exporter of CNC machines from India to Japan, Germany, the Netherlands, Italy, Turkey, and Russia.
The company operates through two main segments: Machines Division and Component Division. Lokesh Machines specializes in the production of Finish Cam & Crank Boring, Finish Barrel Boring, and Finish Joint Faces Milling machines, and is an exporter of CNC machines. Additionally, it offers niche products for the non-automotive sectors. The company has 6 state-of-the-art manufacturing units located across Hyderabad and Pune, with more than 651 cumulative employee strengths and over 5,000 client bases.
Lokesh Machines offers CNC machines, including CNC turning centers, vertical and horizontal machining centers, drill and tap centers, turn mill centers, and vertical turning lathes. The company also provides special purpose machines, such as rotary transfer, simplex milling, duplex milling, triplex milling, gang milling, gun drilling, multiway drilling, line boring, fine boring, and multiway boring machines. Its CNC Machines products include CNC Turning Centers, Vertical Machining Centers, Drill and Tap Centers, Turn Mill Centers, Vertical Turning Lathe, and Horizontal Machining Centers. Its special purpose machines include Milling Machines, Drilling Machines, Boring Machines and Transfer Lines.
The company operates with significant manufacturing capacity across its divisions. In FY24, the company produced machine tools division of 1,400 units per year, auto components division of 30,00,000 units per year, and defence division of 12,000 units per year. Machine tools manufacturing takes 8-10 months and component manufacturing takes 2 months. Lokesh Machines Limited offers more than 100 diversified product lines and owns more than 200 machines in single or multiple locations, both in the automotive and non-automotive sectors.
Lokesh Machines is IATF 16949, ISO 14000, AS9100 Certified by M/s TUV Nord and M/s TUV SUD America. The company is a leader in cam & crank borers, fine borers & finish milling machines. As per Value Research classification, it is a Small Cap company with an export network spanning more than 7 countries.
Lokesh Machines Limited expanded into defence and aerospace components in the financial year 2020-22 and received AS9100 certification for the aerospace sector. The company is the first domestic private-public partnership with the Indian Army and AEDE (DRDPO) to jointly develop small arms segments for manufacturing ASMI 9x19mm machine pistols. Lokesh Machines Limited has received an order valued at Rs. 4.26 crore to deliver their "ASMI" 9x19mm submachine guns to the Northern Command of the Indian Army. The top clients of the defence division are Northern Command, NSG, BSF, DRDO, and Assam Rifles.
The company has shown resilience in its operations despite recent challenges.
For the financial year ended March 2025, the company faced some headwinds. Sales declined 22.22% to Rs 228.32 crore in the year ended March 2025 as against Rs 293.54 crore during the previous year ended March 2024. Net profit declined 96.10% to Rs 0.54 crore in the year ended March 2025 as against Rs 13.85 crore during the previous year ended March 2024.
For Q4 FY25 specifically, Lokesh Machines Ltd's revenue fell 51.66% since last year same period to ₹39.15Cr in the Q4 2024-2025, with net profit falling 97.23% since last year same period to ₹0.13Cr in the Q4 2024-2025. Sales declined 51.84% to Rs 38.69 crore in the quarter ended March 2025 as against Rs 80.34 crore during the previous quarter ended March 2024.
• Revenue (FY25): Rs 228.32 crores
• Net Profit (FY25): Rs 0.54 crores
• Revenue (Q4 FY25): Rs 39.15 crores
• Net Profit (Q4 FY25): Rs 0.13 crores
• Market Cap: ₹333-353 crores (June 2025)
• 52-week High/Low: Rs 465.95 / Rs 129.25
The P/B ratio of Lokesh Machines Ltd is 1.38 times as on 09-May-2025, a 70% discount to its peers' median range of 4.64 times. The P/E ratio of Lokesh Machines Ltd is 58.82 times as on 09-May-2025, a 47% premium to its peers' median range of 40.14 times.
Currently, the company holds a total order book worth ₹216.36 crore, which includes ₹93.36 crore for the Machine Tools division and ₹123 crore for the Auto Components & Defence division. In Q4 of FY24, Lokesh Machine received orders amounting to ₹55 crore for the Machine Tools division and ₹26 crore for the Auto Components & Defence division. Additionally, the company executed orders valued at ₹53.88 crore for the Machine Tools division and ₹27.11 crore for the Auto Components & Defence division.
The company continues to focus on diversification across automotive and non-automotive sectors, with its defence division showing particular promise through strategic partnerships with Indian defense forces. The company maintains an annual revenue growth of 21%, pre-tax margin of 7%, ROE of 7%, and a reasonable debt to equity of 23%, which signals a healthy balance sheet.
