Lakshmi Machine Works Limited

Equities

LAXMIMACH

INE269B01029

Industrial Machinery & Equipment

Market Closed - Bombay S.E. Other stock markets 03:30:48 10/05/2024 pm IST			5-day change	1st Jan Change
16,333 ^INR	-0.03%		-3.62%	+19.01%

12/02	Lakshmi Machine Works Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	CI
18/01	Lakshmi Machine Works Limited Announces Resignation of T. C. Suseel Kumar as Director	CI

Lakshmi Machine Works Limited Announces Incorporation of Wholly Owned Subsidiary Company: LMW Middle East FZE

February 15, 2022 at 06:34 pm IST

Lakshmi Machine Works Limited has incorporated a wholly owned subsidiary company named "LMW Middle East FZE" on February 4, 2022, the inco,moration documents for which were received today. LMW Middle East FZE is located at Jebel Ali Free Zone, Dubai, United Arab Emirates. Industry to which the entity being acquired belongs: Engineering Industry.

Objects of the Company: Specialised Industrial Machinery and Equipment Manufacturing/Assembling, Spare parts Trading. Reasons for acquisition of target entity: Incorporation of a wholly owned subsidiary in UAE is to enable selective focus on the middle east market and other export markets of Lakshmi Machine Works Limited.

Latest news about Lakshmi Machine Works Limited

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
Lakshmi Machine Works Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2022	11/22/11	CI
Lakshmi Machine Works Limited Recommends Dividend for the Financial Year Ended March 31, 2022	11/22/11	CI
Lakshmi Machine Works Forms New Dubai Subsidiary	16/22/16	MT
Lakshmi Machine Works Limited Announces Incorporation of Wholly Owned Subsidiary Company: LMW Middle East FZE	15/22/15	CI
Lakshmi Machine Works Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021	04/22/04	CI
Lakshmi Machine Works to Set Up Unit in UAE	27/21/27	MT
Lakshmi Machine Works Limited Plans Setting Up Wholly Owned Subsidiary Company in United Arab Emirates	27/21/27	CI
Lakshmi Machine Works Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021	27/21/27	CI
Lakshmi Machine Works Limited(BSE:500252) added to S&P Global BMI Index	20/21/20	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 machine tools, heavy castings and parts and components for the aerospace industry. The Company caters to both domestic and international markets. The Company operates through four divisions: Textile Machinery Division (TMD), Machine Tool Division (MTD), Foundry Division (FDY) and Advanced Technology Centre (ATC). TMD division is engaged in the manufacturing of a range of textile spinning machinery globally. MTD division is involved in developing and delivering customized machining solutions. FDY division is engaged in making precision castings for global brands across the world. ATC is involved in manufacturing aerospace components and assemblies for global players in the sector. Its TMD division offers card sliver systems, combing system, ring spinning system, compact spinning system and other.

Sector

Industrial Machinery & Equipment

Calendar

20/05/2024 - Q4 2024 Earnings Release (Projected)

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Ratings for Lakshmi Machine Works Limited

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Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

16,338 INR

Average target price

12,809 INR

Spread / Average Target

-21.60%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Industrial Machinery

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Industrial Machinery