Lakshmi Machine Works Limited
LMW Limited, together with its subsidiaries, manufactures and sells textile spinning machinery in India and internationally. The company operates through Textile Machinery Division, Machine Tool Division & Foundry Division, and Advanced Technology Centre segments. It offers ring frame spinning machines; industrial equipment for producing and processing textiles; CNC machine tools and heavy castin… Read more
Lakshmi Machine Works Limited (LAXMIMACH) - Net Assets
Latest net assets as of September 2024: ₹27.54 Billion INR
Based on the latest financial reports, Lakshmi Machine Works Limited (LAXMIMACH) has net assets worth ₹27.54 Billion INR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹40.76 Billion) and total liabilities (₹13.22 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹27.54 Billion |
| % of Total Assets | 67.57% |
| Annual Growth Rate | 11.6% |
| 5-Year Change | 62.83% |
| 10-Year Change | 110.92% |
| Growth Volatility | 10.88 |
Lakshmi Machine Works Limited - Net Assets Trend (2005–2024)
This chart illustrates how Lakshmi Machine Works Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lakshmi Machine Works Limited (2005–2024)
The table below shows the annual net assets of Lakshmi Machine Works Limited from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | ₹27.04 Billion | +15.61% |
| 2023-03-31 | ₹23.39 Billion | +17.50% |
| 2022-03-31 | ₹19.90 Billion | +11.79% |
| 2021-03-31 | ₹17.80 Billion | +7.22% |
| 2020-03-31 | ₹16.60 Billion | -2.92% |
| 2019-03-31 | ₹17.10 Billion | -2.08% |
| 2018-03-31 | ₹17.47 Billion | +12.08% |
| 2017-03-31 | ₹15.58 Billion | +7.06% |
| 2016-03-31 | ₹14.56 Billion | +13.56% |
| 2015-03-31 | ₹12.82 Billion | +15.67% |
| 2014-03-31 | ₹11.08 Billion | +15.85% |
| 2013-03-31 | ₹9.56 Billion | +8.22% |
| 2012-03-31 | ₹8.84 Billion | +9.27% |
| 2011-03-31 | ₹8.09 Billion | -12.13% |
| 2010-03-31 | ₹9.20 Billion | +9.15% |
| 2009-03-31 | ₹8.43 Billion | +11.33% |
| 2008-03-31 | ₹7.57 Billion | +30.53% |
| 2007-03-31 | ₹5.80 Billion | +32.27% |
| 2006-03-31 | ₹4.39 Billion | +30.49% |
| 2005-03-31 | ₹3.36 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lakshmi Machine Works Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1361.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹21.89 Billion | 80.96% |
| Common Stock | ₹106.80 Million | 0.40% |
| Other Comprehensive Income | ₹26.93 Billion | 99.60% |
| Total Equity | ₹27.04 Billion | 100.00% |
Lakshmi Machine Works Limited Competitors by Market Cap
The table below lists competitors of Lakshmi Machine Works Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangzhou SiE Consulting Co Ltd
SHE:300687
|
$739.02 Million |
|
Sunway Construction Group Bhd
KLSE:5263
|
$739.13 Million |
|
TSEC Corp
TW:6443
|
$739.29 Million |
|
Changzhou Qianhong Biopharma Co Ltd
SHE:002550
|
$739.78 Million |
|
Standard Motor Products Inc
NYSE:SMP
|
$738.49 Million |
|
Patria Investments Ltd
NASDAQ:PAX
|
$738.27 Million |
|
Hanwha Corp. Pfd. Series 1
KO:000885
|
$738.15 Million |
|
Whitestone REIT
NYSE:WSR
|
$738.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lakshmi Machine Works Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 23,385,489,000 to 27,036,400,000, a change of 3,650,911,000 (15.6%).
- Net income of 3,736,600,000 contributed positively to equity growth.
- Dividend payments of 1,054,800,000 reduced retained earnings.
- Other comprehensive income increased equity by 23,210,503,000.
- Other factors decreased equity by 22,241,392,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹3.74 Billion | +13.82% |
| Dividends Paid | ₹1.05 Billion | -3.9% |
| Other Comprehensive Income | ₹23.21 Billion | +85.85% |
| Other Changes | ₹-22.24 Billion | -82.26% |
| Total Change | ₹- | 15.61% |
Book Value vs Market Value Analysis
This analysis compares Lakshmi Machine Works Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.69x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 52.97x to 5.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹271.82 | ₹14399.00 | x |
| 2006-03-31 | ₹354.70 | ₹14399.00 | x |
| 2007-03-31 | ₹469.16 | ₹14399.00 | x |
| 2008-03-31 | ₹612.40 | ₹14399.00 | x |
| 2009-03-31 | ₹681.78 | ₹14399.00 | x |
| 2010-03-31 | ₹744.16 | ₹14399.00 | x |
| 2011-03-31 | ₹717.89 | ₹14399.00 | x |
| 2012-03-31 | ₹784.46 | ₹14399.00 | x |
| 2013-03-31 | ₹848.97 | ₹14399.00 | x |
| 2014-03-31 | ₹983.57 | ₹14399.00 | x |
| 2015-03-31 | ₹1137.72 | ₹14399.00 | x |
| 2016-03-31 | ₹1292.05 | ₹14399.00 | x |
| 2017-03-31 | ₹1392.06 | ₹14399.00 | x |
| 2018-03-31 | ₹1594.35 | ₹14399.00 | x |
| 2019-03-31 | ₹1573.57 | ₹14399.00 | x |
| 2020-03-31 | ₹1554.20 | ₹14399.00 | x |
| 2021-03-31 | ₹1666.47 | ₹14399.00 | x |
| 2022-03-31 | ₹1862.94 | ₹14399.00 | x |
| 2023-03-31 | ₹2189.04 | ₹14399.00 | x |
| 2024-03-31 | ₹2530.78 | ₹14399.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lakshmi Machine Works Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.82%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.96%
- • Asset Turnover: 1.16x
- • Equity Multiplier: 1.49x
- Recent ROE (13.82%) is below the historical average (16.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 21.81% | 7.40% | 1.50x | 1.97x | ₹397.13 Million |
| 2006 | 33.75% | 11.37% | 1.20x | 2.47x | ₹1.04 Billion |
| 2007 | 35.53% | 11.12% | 1.14x | 2.79x | ₹1.48 Billion |
| 2008 | 31.99% | 10.99% | 1.21x | 2.41x | ₹1.67 Billion |
| 2009 | 12.68% | 7.99% | 0.81x | 1.97x | ₹226.04 Million |
| 2010 | 10.85% | 8.83% | 0.71x | 1.73x | ₹78.35 Million |
| 2011 | 18.95% | 8.54% | 0.97x | 2.29x | ₹723.84 Million |
| 2012 | 15.71% | 6.02% | 1.18x | 2.21x | ₹504.52 Million |
| 2013 | 13.55% | 6.60% | 1.07x | 1.92x | ₹339.35 Million |
| 2014 | 17.06% | 8.36% | 1.09x | 1.87x | ₹782.49 Million |
| 2015 | 17.14% | 9.09% | 1.08x | 1.75x | ₹914.74 Million |
| 2016 | 15.56% | 8.58% | 1.11x | 1.63x | ₹808.99 Million |
| 2017 | 11.96% | 7.69% | 1.02x | 1.52x | ₹305.68 Million |
| 2018 | 12.29% | 8.34% | 0.98x | 1.51x | ₹399.71 Million |
| 2019 | 10.84% | 7.07% | 1.07x | 1.44x | ₹143.51 Million |
| 2020 | 1.67% | 1.84% | 0.64x | 1.41x | ₹-1.38 Billion |
| 2021 | 2.51% | 2.66% | 0.61x | 1.55x | ₹-1.33 Billion |
| 2022 | 9.10% | 5.81% | 0.85x | 1.83x | ₹-179.68 Million |
| 2023 | 16.42% | 8.14% | 1.15x | 1.75x | ₹1.50 Billion |
| 2024 | 13.82% | 7.96% | 1.16x | 1.49x | ₹1.03 Billion |
Industry Comparison
This section compares Lakshmi Machine Works Limited's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $13,652,920,800
- Average return on equity (ROE) among peers: 9.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lakshmi Machine Works Limited (LAXMIMACH) | ₹27.54 Billion | 21.81% | 0.48x | $738.84 Million |
| Aaron Industries Limited (AARON) | $158.89 Million | 23.34% | 0.87x | $9.17 Million |
| Ador Welding Limited (ADORWELD) | $2.35 Billion | 7.84% | 0.61x | $74.72 Million |
| Affordable Robotic & Automation Limited (AFFORDABLE) | $1.13 Billion | 5.71% | 1.11x | $15.98K |
| AIA Engineering Limited (AIAENG) | $10.59 Billion | 17.34% | 0.50x | $1.30 Billion |
| The Anup Engineering Limited (ANUP) | $3.93 Billion | 15.77% | 0.34x | $185.19 Million |
| ATAM VALVES ORD (BSE) (ATAM) | $43.62 Million | 14.95% | 2.96x | $3.43 Million |
| Azad Engineering Limited (AZAD) | $13.93 Billion | 6.27% | 0.34x | $468.30 Million |
| Bharat Heavy Electricals Limited (BHEL) | $52.96 Billion | 12.43% | 1.30x | $4.21 Billion |
| Cummins India Limited (CUMMINSIND) | $42.83 Billion | 17.34% | 0.41x | $7.17 Billion |
| Diamond Power Infrastructure Limited (DIACABS) | $8.61 Billion | -21.42% | 2.62x | $116.63 Million |