MarketFriction

LMW Ltd

NSE LMW · BSE 500252 · Industrial Products
₹16,548.00 -1.86%
NSE close2026-10-01
52 week range11,920.00 - 20,151.00
Market cap₹18,115 Cr.
P/E99.2
Price band 20% Delivery 49.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,3201,214971673769766804694822758933861
Expenses1,1841,097897660737731746680778717863797
Operating Profit13611774133236581444427064
OPM %10%10%8%2.0%4.2%4.7%7%2.0%5%5%7%7%
Other Income353240293033333541183839
Interest000000000000
Depreciation242327262829293030303030
Profit before tax14712587163440612055307872
Tax %22%21%24%32%28%52%22%41%25%50%18%23%
Net Profit1159966112419481141156456
EPS in Rs107.7592.4661.7610.3222.9018.0744.7610.7438.3013.7259.6251.97
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,8632,4992,6432,7121,5741,7273,1714,7194,6963,0123,2073,374
Expenses2,5252,2402,3672,4381,5631,6572,9244,2694,2612,8703,0383,155
Operating Profit3382592762741171247450435142170219
OPM %12%10%10%10%0.7%4.1%8%10%9%4.7%5%6%
Other Income888410365925651147143122132136
Interest101110000000
Depreciation888076555556607896113120121
Profit before tax3372623022834771238519482151182234
Tax %33%29%29%34%41%37%24%26%22%32%28%
Net Profit2271862151852845181384374103131175
EPS in Rs201.78170.15195.92173.5325.9941.75169.47359.47349.7796.05122.37163.61
Dividend Payout %20%21%20%20%38%24%24%27%21%31%29%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth1%13%-12%11%
Compounded Profit Growth-7%16%-32%76%
Stock Price CAGR15%16%5%17%
Return on Equity9%9%7%4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111111111111111111111111
Reserves1,2711,5231,5471,7361,7001,6501,7701,9802,3282,6932,7672,856
Borrowings000330000000
Other Liabilities9568638088857436869771,6561,7521,3281,2301,396
Total Liabilities2,2372,3972,3672,6352,4572,3462,7583,6464,0904,0314,0084,262
Fixed Assets439464520570699711701721903972990946
CWIP68621123011624941
Investments64886183124136286448508641701706
Other Assets1,7291,8381,7801,9611,6211,4701,7602,4712,6542,4092,3122,610
Total Assets2,2372,3972,3672,6352,4572,3462,7583,6464,0904,0314,0084,262
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity13181137211997415748536414129177
Cash from Investing Activity-54-6468-2329-70-144-448-242-7473110
Cash from Financing Activity-40-52-195-44-215-49-11-11-43-105-80-32
Net Cash Flow36-359144-88-4522679-3922255
Free Cash Flow15-321880-73-2136411111-9-96120
CFO/OP71%57%88%107%64%926%278%222%94%60%33%143%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days303028342625383718102132
Inventory Days7869857874112120948576113106
Days Payable81688097851291501008165103114
Cash Conversion Cycle2831321515873122213123
Working Capital Days-15-8-3-10-5-10-23-16-16-7-9-11
ROCE %26%24%16%18%18%2%5%14%22%18%5%6%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters31.13%31.13%31.13%31.13%31.13%31.13%31.13%30.80%30.80%30.80%30.80%30.80%
FIIs4.93%4.97%5.24%5.48%5.49%5.63%5.91%5.81%5.53%5.47%5.54%5.45%
DIIs11.28%11.28%11.15%10.90%10.63%10.16%9.63%9.85%9.78%9.77%9.55%9.50%
Public52.64%52.60%52.47%52.49%52.75%53.06%53.32%53.52%53.87%53.95%54.09%54.23%
No. of Shareholders33,94534,17332,76132,10731,60231,28330,90032,14032,24031,65231,20130,685

Fundamentals

Market Cap₹ 18,115 Cr.
Current Price₹ 16,957
Stock P/E99.2
Book Value₹ 2,683
ROCE5.58 %
ROE4.05 %
Dividend Yield0.21 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)76%
Consolidated figures.
Valuation
Market capRs 17,678 Cr
Enterprise valueRs 16,414 Cr
P/E (TTM)101.14x
Price to book6.17x
Price to sales5.24x
EV / EBITDA46.22x
EV / EBIT70.02x
EV / sales4.86x
Price to cash flow99.65x
Earnings yield0.99%
Dividend yield0.21%
P/E, 3-year average102.63x
P/B, 3-year average5.54x
P/E, 5-year average78.48x
P/B, 5-year average5.27x
Profitability
Operating margin (excl. other income)5.29%
Operating margin (incl. other income)9.42%
EBITDA margin10.52%
Pre-tax margin6.95%
Net profit margin5.18%
Net margin, latest quarter6.45%
ROE4.63%
ROCE6.44%
ROA3.16%
ROE, 3-year average7.73%
ROCE, 3-year average10.36%
ROA, 3-year average4.97%
ROE, 5-year average10.11%
ROCE, 5-year average13.54%
ROA, 5-year average6.10%
ROIC (approx.)10.52%
Tax rate28.10%
Other income / net worth4.61%
Growth
Sales growth (latest year)6.49%
Profit growth (latest year)27.40%
Sales CAGR, 3 years-12.08%
Sales CAGR, 5 years13.18%
Profit CAGR, 3 years-30.18%
Profit CAGR, 5 years24.00%
Sales growth QoQ-7.76%
Profit growth QoQ-12.83%
Sales growth YoY (latest quarter)24.00%
Profit growth YoY (latest quarter)384.05%
Per share
EPS (TTM)Rs 163.62
EPS (latest year)Rs 122.37
EPS (latest quarter)Rs 51.97
EPS, 3-year averageRs 189.40
EPS, 5-year averageRs 219.43
Book value per shareRs 2,683.25
Sales per shareRs 3,158.29
Cash flow per shareRs 166.07
Free cash flow per shareRs 112.33
Dividend per share (latest year)Rs 34.99
Dividend per share, 3-year averageRs 46.65
Dividend per share, 5-year averageRs 55.68
Dividends
Dividend payout28.59%
Dividend payout, 3-year average27.09%
Dividend payout, 5-year average26.45%
Efficiency
Asset turnover0.75x
Fixed asset turnover3.39x
Inventory turnover3.93x
Inventory days93 days
Debtor days32 days
Debtors turnover11.45x
Creditor days114 days
Cash conversion cycle23 days
Working capital days-11 days
Leverage
Cash and bankRs 1,264 Cr
Net debtRs -1,264 Cr
Net debt / EBITDA-3.56x
Current ratio (filing 2026-03-31)2.30x
Quick ratio (filing 2026-03-31)1.80x
Trade payables (filing 2026-03-31)Rs 621 Cr
Owners' fund to total sources67.26%
Cash flow
Cash from Operating Activity (latest year)Rs 177 Cr
Cash from Investing Activity (latest year)Rs 110 Cr
Cash from Financing Activity (latest year)Rs -32 Cr
Net Cash Flow (latest year)Rs 255 Cr
Free cash flow (latest year)Rs 120 Cr
Cash from ops / profit, 5 years1.02x
Sales to cash flow18.08x
Statement figures
Net sales (TTM)Rs 3,374 Cr
Net sales (latest year)Rs 3,207 Cr
Sales (latest quarter)Rs 861 Cr
Operating profit excl. other income (latest year)Rs 170 Cr
Operating profit (latest quarter)Rs 64 Cr
Other income (TTM)Rs 136 Cr
EBITDA (TTM)Rs 355 Cr
PBDT (TTM)Rs 355 Cr
Profit before tax (TTM)Rs 234 Cr
Tax (latest year)Rs 51 Cr
Net profit (TTM)Rs 175 Cr
Net profit (latest year)Rs 131 Cr
Net profit (latest quarter)Rs 56 Cr
Depreciation (TTM)Rs 121 Cr
Depreciation (latest quarter)Rs 30 Cr
Cost of goods sold (latest year)Rs 2,259 Cr
Total expenditure (latest year)Rs 3,038 Cr
Total income (latest year)Rs 3,340 Cr
Share capitalRs 11 Cr
ReservesRs 2,856 Cr
Shareholders' fundsRs 2,867 Cr
Total assetsRs 4,262 Cr
Net blockRs 946 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 706 Cr
ReceivablesRs 280 Cr
InventoryRs 575 Cr
Other liabilitiesRs 1,396 Cr
Shares outstanding (crore)1.07
Ownership
Promoter holding30.80% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 101.1 is at the 60th percentile of its own 9.4-year range (median 53.0, low 13.3, high 261.4).
P/B 6.17 is at the 73th percentile (median 5.40).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodLMWNifty 50Difference
1 week-3.4%-2.8% -0.7 pts
1 month-13.0%-6.8% -6.2 pts
3 months+5.4%-7.6% +13.1 pts
6 months+37.9%+0.4% +37.5 pts
1 year+8.4%-9.9% +18.3 pts
2 years+0.7%-13.6% +14.3 pts
3 years+13.6%+14.2% -0.6 pts
5 years+104.0%+27.9% +76.1 pts
9 mutual fund schemes hold about ₹528 Cr. Over three months 6 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Balanced Advantage Fund0.24%260 +14%
Nippon India Small Cap Fund0.19%159 +9%
Aditya Birla SL Balanced Advantage Fund0.47%47 +7%
Aditya Birla SL Mfg. Equity Fund1.35%19 +0%
Mahindra Manulife Business Cycle Fund1.28%17 +12%
Mahindra Manulife Manufacturing Fund1.50%10 +13%
Mahindra Manulife Value Fund0.85%9 -1%
Mahindra Manulife Small Cap Fund0.10%6 +3%
Motilal Oswal BSE 1000 Index Fund0.06%0 +13%

Red flags

F-score 8 of 8
lookProfit leans on other income Other income was 73% of pre-tax profit in 2026
lookRegulator order or action Regulator order or action 2026-06-12: LMW Limited has informed the exchange about the Action(s) taken or orders passed under Regulation 30 of SEBI (Listing Obligations and Disclo
lookAuditor change Auditor change 2026-05-20: LMW Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2025-05-30The Lakshmi Mills Company LimitedPromoter Groupsell35,000Rs 58.55 CrMarket Sale
2022-09-07D. SenthilkumarPromoter Groupother160Off Market
2022-09-07Dinakaran Senthilkumar (HUF)Promoter Groupother160Off Market
2022-01-05Nithin KarivardhanPromoter Groupother305Rs 0.28 CrOthers
2022-01-05S SunithaPromoter Groupother301Rs 0.28 CrOthers
2022-01-05S PATHYPromoter Groupother301Rs 0.28 CrOthers
2022-01-05Arjun KarivardhanPromoter Groupother313Rs 0.29 CrOthers
2021-06-23Lakshmi Cargo CompanyLimitedPromoter Groupother1,900Rs 1.23 CrOff Market
2020-06-23LAKSHMI TECHNOLOGY AND ENGINEERINGPromoter Groupbuy17,452Rs 5.29 CrMarket Purchase
2020-02-17Sanjay JayavarthanaveluPromoter GroupotherOthers
2020-02-17Adi Narayana Family TrustPromoter GroupotherOthers
2019-11-27LAKSHMI TECHNOLOGY AND ENGINEERINGPromoter Groupbuy4,000Rs 1.38 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹861 Cr +24.1% vs Jun 2025. Net profit ₹56 Cr +409.1%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Rs 35 Per Share
2025-07-10Dividend - Rs 30 Per Share
2024-07-24Annual General Meeting/Dividend - Rs 75 Per Share
2023-07-24Annual General Meeting/Dividend - Rs 98.50 Per Share
2022-07-15Annual General Meeting/Dividend - Rs 40 Per Share
2021-07-13 Annual General Meeting/Dividend - Rs 10 Per Share
2020-07-16 Annual General Meeting/Dividend - Rs 10 Per Share
2019-07-12 Annual General Meeting/Dividend Rs 35 Per Share
2018-07-13 Annual General Meeting/Dividend- Rs 40 Per Share
2017-07-28 Annual General Meeting/Dividend - Rs 35/- Per Share
2016-11-07 Buy Back
2016-07-27 Dividend Rs 40/- Per Share
2015-07-31Annual General Meeting/ Dividend - Rs.37.50/- Per Share
2014-07-30Annual General Meeting / Dividend - Rs 30/- Per Share
2013-07-30Annual General Meeting/Dividend Rs 20/- Per Share
2012-07-30Annual General Meeting/Dividend - Final Rs 25 + Special Rs 25 Per Share
2011-07-29Dividend-Rs.30/- Per Share
2010-07-14Dividend-Rs.15/- Per Share
2009-07-14Agm/Div-Rs.15/- Per Share
2008-07-14Agm/Dividend-250%
2007-11-20Int Div-Rs.20.00 Per Sh Purpose Revised
2007-07-13Agm
2007-03-222nd Interim Dividend-250%Purpose Revised
2006-12-13Fv Spl 100 To 10/Div150%
2006-07-28Fin Div-Rs.200/- Per Sh Purpose Revised
DateTypeWhat it says
2026-09-11Shareholder meetingThe declaration of results of voting on the resolution set out in the Postal Ballot Notice dated 24th July 2026 and the Scrutinizers Report.
2026-09-03General UpdatesThe ESG Rating under Regulation 30 of SEBI (LODR) Regulations, 2015.
2026-08-29General UpdatesThe intimation of Change of Name of Wholly Owned Subsidiary Company under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements...
2026-08-11Shareholder meetingNotice of Postal Ballot
2026-08-07Credit Rating- NewThe Intimation of Credit Rating under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-07-31Change in ManagementLMW Limited has informed the exchange of the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,...
2026-07-31Concall / analyst meetThe transcript of the Analyst /Investor Meeting held on 27th July 2026.
2026-07-28Concall / analyst meetThe audio recording link of the analyst meeting held on 27th July 2026 .
2026-07-27General UpdatesGeneral Updates.
2026-07-25Shareholder meetingThe voting results of the 63rd Annual General Meeting ("AGM") of the Company held on 24th July, 2026, along with the combined Scrutinizers Report.
2026-07-24Shareholder meetingOf the proceedings of the 63rd Annual General Meeting ("AGM") of the Company held on 24th July 2026.
2026-07-24UpdatesThe approval of the Postal Ballot Notice by the Board of Directors.
2026-07-24Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-07-24Board meeting outcomeThe Unaudited Financial Results (Standalone and Consolidated), including the segment-wise results of the Company, for the quarter ended 30th June 2026...
2026-07-14Concall / analyst meetLMW Limited has informed the exchange about the Schedule for the Analyst /Investor Meet under Regulation 30 of the SEBI (Listing Obligations and Discl...
2026-07-09General UpdatesThe Intimation of ESG Rating under Regulation 30 of SEBI (LODR) Regulations, 2015
2026-06-30General UpdatesThat, pursuant to Regulation 36(1)(b) of the SEBI(LODR)Regulations, 2015, the Company has sent a letter to Members providing a web link including the ...
2026-06-29Shareholder meetingThe copy of the Notice of 63rd Annual General Meeting to be held on Friday, the 24th July 2026 at 2:45 PM India Standard Time ( IST ) through Video Co...
2026-06-25AcquisitionLMW Limited has informed the exchange about the Update on Acquisition of Additional Shares in Wholly Owned Subsidiary Disclosure under Regulation 30...
2026-06-12Regulatory actionLMW Limited has informed the exchange about the Action(s) taken or orders passed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requi...
2026-05-25Concall / analyst meetThe Transcript of the Analyst/ Investor meeting held on 21st May 2026.
2026-05-22Concall / analyst meetThe audio recording link of the analyst meeting held on 21st May 2026.
2026-05-20General UpdatesThe intimation under Regulation 30 of SEBI (LODR) Regulations, 2015- Acquisition.
2026-05-20Change in ManagementThe intimation of Appointment of Senior Management personnel of the Company under Regulation 30 of the SEBI Listing Regulations, 2015.
2026-05-20UpdatesProposal to obtain Shareholders approval at the ensuing AGM for the Material Related Party transactions.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of LMW Ltd?

LMW Ltd (LMW) has a market capitalisation of Rs 18,115 Cr. at the 2026-10-01 close.

What is the P/E ratio of LMW Ltd?

LMW Ltd trades at a P/E of 99.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were LMW Ltd's latest quarterly results?

In the Jun 2026 quarter, LMW Ltd sales was Rs 861 Cr (+24.1% vs Jun 2025) and net profit was Rs 56 Cr.

What is the 52-week high and low of LMW Ltd?

The 52-week high is Rs 20,151.00 and the 52-week low is Rs 11,920.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03