{"id":148645,"date":"2023-06-14T05:10:02","date_gmt":"2023-06-14T09:10:02","guid":{"rendered":"https:\/\/44.250.171.167\/?p=148645"},"modified":"2023-06-15T02:09:24","modified_gmt":"2023-06-15T06:09:24","slug":"lakshmi-machine-works-indias-textile-boom","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/lakshmi-machine-works-indias-textile-boom\/","title":{"rendered":"Lakshmi Machine Works: India’s Textile Boom"},"content":{"rendered":"\n

\u201cCurrently we hold an order book of around 5,930 Crores and these have been lined up for execution over the next four quarters. As, you know, TMD, for the last 2 years performed consistently and we have been able to, quarter on quarter hit higher turnover levels. The project orders stand at 42 % of the total order book available for execution. Exports turnover had increased by 49% for FY 22-23 compared to previous year. The ratio of domestic, export and spares stands at 65%, 24% and 11% during the year. Currently, we are running at full capacity and so our focus going forward will be to continue and ensure that we’re able to deliver as fast as possible to the customers.\u201d<\/em><\/p>– Mr. Senthil, Chief Financial Officer  in Q4FY23 Concall<\/em><\/cite><\/blockquote>\n\n\n\n

Stock Data<\/strong><\/td><\/tr>
Ticker<\/strong><\/td>LAXMIMACH<\/strong><\/td><\/tr>
Exchange<\/strong><\/td>NSE<\/strong><\/td><\/tr>
Industry<\/strong><\/td>MACHINERY<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Price Performance<\/strong><\/td><\/tr>
Last 5 Days<\/strong><\/td>+5.93%<\/strong><\/td><\/tr>
YTD<\/strong><\/td>+0.35%<\/strong><\/td><\/tr>
Last 12 Months<\/strong><\/td>+33.94%<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

*As of 08.06.2023<\/p>\n\n\n\n

Company Description:<\/strong><\/h2>\n\n\n\n

Lakshmi Machine Works Limited (LMW) is a renowned Indian company that specializes in manufacturing and distributing textile machinery and CNC machine tools. Founded in 1962, the company has grown to become a key player in the global textile and engineering industries.<\/p>\n\n\n\n


Business Segments:<\/strong><\/h2>\n\n\n\n

LMW operates in two major segments: Textile Machinery and Machine Tools. In the Textile Machinery segment, LMW offers a wide range of products, including spinning machinery, knitting machinery, and weaving machinery, catering to the needs of the textile industry. In the Machine Tools segment, LMW manufactures CNC machine tools, such as turning centers, machining centers, and grinding machines, serving various industries like automotive, aerospace, and general engineering.<\/p>\n\n\n\n


Business Operations:<\/strong><\/h2>\n\n\n\n