Lokesh Machines Ltd
Incorporated in 1983, Lokesh Machines manufactures Special Purpose Machines, General Purpose Machines /CNC Lathes, Connecting Rods and machining of Cylinder Blocks and Heads[1]
- Market Cap ₹ 661 Cr.
- Current Price ₹ 357
- High / Low ₹ 476 / 176
- Stock P/E 46.8
- Book Value ₹ 106
- Dividend Yield 0.00 %
- ROCE 11.4 %
- ROE 7.80 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.37 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 6.05% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods-Non Electrical Equipment Industry: Engineering
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
143 | 112 | 118 | 121 | 132 | 175 | 190 | 126 | 150 | 201 | 239 | 294 | 306 | |
112 | 85 | 91 | 107 | 104 | 146 | 159 | 113 | 125 | 171 | 211 | 253 | 263 | |
Operating Profit | 32 | 27 | 27 | 14 | 28 | 29 | 31 | 12 | 25 | 30 | 29 | 40 | 43 |
OPM % | 22% | 24% | 23% | 12% | 21% | 16% | 16% | 10% | 17% | 15% | 12% | 14% | 14% |
0 | 2 | 3 | 12 | 0 | 1 | 1 | 0 | 1 | 1 | 6 | 2 | 2 | |
Interest | 21 | 19 | 18 | 15 | 17 | 14 | 13 | 12 | 12 | 12 | 11 | 11 | 13 |
Depreciation | 10 | 9 | 9 | 7 | 8 | 8 | 9 | 9 | 8 | 9 | 9 | 10 | 11 |
Profit before tax | 2 | 1 | 3 | 4 | 3 | 7 | 10 | -8 | 5 | 9 | 15 | 21 | 21 |
Tax % | 29% | 57% | 71% | 39% | 36% | 34% | 34% | -42% | 27% | 32% | 33% | 33% | |
1 | 0 | 1 | 2 | 2 | 5 | 7 | -5 | 4 | 6 | 10 | 14 | 14 | |
EPS in Rs | 0.90 | 0.39 | 0.64 | 1.45 | 1.24 | 2.63 | 3.78 | -2.61 | 2.21 | 3.55 | 5.40 | 7.49 | 7.80 |
Dividend Payout % | 83% | 128% | 79% | 34% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 9% |
3 Years: | 25% |
TTM: | 27% |
Compounded Profit Growth | |
---|---|
10 Years: | 41% |
5 Years: | 15% |
3 Years: | 51% |
TTM: | 64% |
Stock Price CAGR | |
---|---|
10 Years: | 27% |
5 Years: | 59% |
3 Years: | 93% |
1 Year: | 101% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 4% |
3 Years: | 6% |
Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 12 | 12 | 12 | 15 | 17 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
Reserves | 86 | 86 | 91 | 99 | 109 | 120 | 126 | 121 | 125 | 131 | 141 | 178 |
123 | 125 | 116 | 112 | 97 | 84 | 77 | 79 | 87 | 87 | 88 | 118 | |
66 | 72 | 67 | 72 | 72 | 58 | 67 | 60 | 57 | 58 | 79 | 77 | |
Total Liabilities | 287 | 295 | 286 | 297 | 295 | 280 | 288 | 278 | 287 | 294 | 326 | 391 |
105 | 99 | 78 | 99 | 86 | 109 | 102 | 100 | 116 | 117 | 122 | 171 | |
CWIP | 25 | 35 | 41 | 29 | 41 | 19 | 25 | 26 | 4 | 7 | 16 | 16 |
Investments | 8 | 8 | 8 | 6 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
149 | 154 | 159 | 164 | 167 | 151 | 160 | 151 | 164 | 169 | 187 | 202 | |
Total Assets | 287 | 295 | 286 | 297 | 295 | 280 | 288 | 278 | 287 | 294 | 326 | 391 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
27 | 30 | 24 | 17 | 21 | 30 | 31 | 11 | 9 | 23 | 32 | 17 | |
-17 | -14 | 7 | -12 | -7 | -5 | -10 | -2 | -4 | -11 | -22 | -60 | |
-11 | -16 | -22 | -14 | -15 | -24 | -21 | -9 | -5 | -12 | -10 | 42 | |
Net Cash Flow | -1 | 0 | 8 | -9 | -0 | 1 | -0 | -0 | -0 | -0 | 0 | -0 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 71 | 76 | 65 | 89 | 73 | 52 | 74 | 84 | 97 | 80 | 62 | 60 |
Inventory Days | 425 | 693 | 623 | 537 | 544 | 376 | 356 | 602 | 500 | 329 | 300 | 256 |
Days Payable | 152 | 191 | 192 | 176 | 166 | 108 | 138 | 169 | 135 | 93 | 79 | 80 |
Cash Conversion Cycle | 344 | 578 | 496 | 450 | 451 | 319 | 291 | 518 | 462 | 316 | 283 | 236 |
Working Capital Days | 129 | 167 | 150 | 223 | 214 | 158 | 156 | 239 | 249 | 192 | 155 | 148 |
ROCE % | 10% | 9% | 9% | 9% | 9% | 9% | 10% | 2% | 8% | 9% | 10% | 11% |
Documents
Announcements
- Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011 21 Aug
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Aug - Newspaper Advertisement for the unaudited financial for the quarter ended on June 30, 2024
- Update On Financial Results Submitted For The Quarter Ended On June 30, 2024 16 Aug
- Announcement under Regulation 30 (LODR)-Change in Directorate 14 Aug
- Statement Of Deviation Or Variation For The Quarter Ended On June 30, 2024 14 Aug
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1][2][3]
LML is an IATF 16949, ISO 14000, AS9100 Certified by M/s TUV Nord and M/s TUV SUD America. Machine tools manufacturing takes 8-10 months and component manufacturing takes 2 months. It specializes in 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