Lakshmi Machine Works Limited

Equities

LAXMIMACH

INE269B01029

Industrial Machinery & Equipment

Market Closed - Bombay S.E. Other stock markets 03:30:53 16/07/2024 pm IST			5-day change	1st Jan Change
15,936 ^INR	+0.55%		-0.61%	+16.11%

12/07	Lakshmi Machine Works Establishes Subsidiary in UAE	MT
10/07	LMW Holding Limited announced that it expects to receive AED 90 million in funding from Lakshmi Machine Works Limited	CI

LMW Holding Limited announced that it expects to receive AED 90 million in funding from Lakshmi Machine Works Limited

July 10, 2024

LMW Holding Limited announced a private placement on July 10, 2024. The company issued 90,00,000 shares at issue price of AED 10 per share for gross proceeds of AED 9,00,00,000 from returning investor Lakshmi Machine Works Limited to retain its 100% stake in the company.

Latest news about Lakshmi Machine Works Limited

Lakshmi Machine Works Establishes Subsidiary in UAE	12/07	MT
LMW Holding Limited announced that it expects to receive AED 90 million in funding from Lakshmi Machine Works Limited	10/07	CI
Lakshmi Machine Works Gets Board Nod to Change Company's Name	28/05	MT
Lakshmi Machine Works Gets Board Nod for Establishment of UAE Subsidiary	27/05	MT
Lakshmi Machine Works Gets Board Nod for Name Change	27/05	MT
Lakshmi Machine Works Limited Recommends Dividend for the Financial Year Ended March 31, 2024	27/05	CI
Lakshmi Machine Works Limited Approves Incorporation of A Wholly Owned Subsidiary in the United Arab Emirates	27/05	CI
Lakshmi Machine Works Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2024	27/05	CI
Lakshmi Machine Works Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024	27/05	CI
Lakshmi Machine Works Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	12/02	CI
Lakshmi Machine Works Limited Announces Resignation of T. C. Suseel Kumar as Director	18/01	CI
Lakshmi Machine Works' Consolidated Profit Climbs in Fiscal Q2	26/23/26	MT
Lakshmi Machine Works Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	25/23/25	CI
Lakshmi Machine Works Limited Announces Retirement of K Soundhar Rajhan as Director-Operations	01/23/01	CI
Lakshmi Machine Works Limited Reports Earnings Results for the First Quarter Ended June 30, 2023	31/23/31	CI
Lakshmi Machine Works Limited Announces Management Appointments, Effective August 1, 2023	31/23/31	CI
Lakshmi Machine Works Limited Announces Appointment of Sri. Jaidev Jayavarthanavelu as Whole Time Director	24/23/24	CI
Lakshmi Machine Works Limited Announces Retirement of Soundhar Rajhan as Director	24/23/24	CI
Lakshmi Machine Works Limited Recommends Dividend for the Financial Year Ended March 31, 2023	24/23/24	CI
Lakshmi Machine Works Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023	24/23/24	CI
Lakshmi Machine Works Board to Consider Dividend for Fiscal 2023	03/23/03	MT
Lakshmi Machine Works Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022	01/23/01	CI
Lakshmi Machine Works Gets Board Nod to Invest $6 Million in Wholly-Owned Arm	21/22/21	MT
Lakshmi Machine Works Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022	20/22/20	CI
Lakshmi Machine Works Limited Reports Earnings Results for the First Quarter Ended June 30, 2022	25/22/25	CI

Chart Lakshmi Machine Works Limited

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Company Profile

Lakshmi Machine Works Limited is an India-based textile machinery manufacturer. 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 & valves. The TMD's products include card sliver system, compact spinning system and mill network system.

Sector

Industrial Machinery & Equipment

Calendar

24/07/2024 - Détachement de for final dividend

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Ratings for Lakshmi Machine Works Limited

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

15,848 INR

Average target price

13,506 INR

Spread / Average Target

-14.78%

Consensus

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Quarterly earnings - Rate of surprise

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Sector Industrial Machinery

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Industrial Machinery