Lmw Limited (NSE: LMW | BSE: 500252)
Source: LMW LIMITED Annual Report FY 2025-26 (Fiscal Year Ended March 31, 2026)
📋 Quick Facts: Company Snapshot
LMW LIMITED (formerly known as Lakshmi Machine Works Limited) is one of India’s premier engineering conglomerates and a global leader in textile spinning machinery, CNC machine tools, high-precision iron castings, and advanced aerospace components.
| Attribute | Disclosed Detail |
|---|---|
| Official Company Name | LMW LIMITED |
| Corporate Identity Number (CIN) | L29269TZ1962PLC000463 |
| International Securities Identification Number (ISIN) | INE269B01029 |
| NSE Symbol | LMW |
| BSE Scrip Code | 500252 |
| Date of Incorporation | 14th September 1962 |
| Registered Office | SRK Vidyalaya Post, Perianaickenpalayam, Coimbatore – 641020, Tamil Nadu, India |
| Corporate Office | 34-A, Kamaraj Road, Coimbatore – 641018, Tamil Nadu, India |
| Telephone Numbers | +91 422 7192255 / +91 422 7198100 |
| Investor Contact / Email | secretarial@lmw.co.in / investors@lmw.co.in |
| Chairman & Managing Director | Sri Sanjay Jayavarthanavelu |
| Executive Director (Director Operations) | Sri M Sankar |
| Chief Financial Officer (CFO) | Sri V Senthil |
| Company Secretary & Compliance Officer | Sri C R Shivkumaran |
| Promoter & Holding Group | Lakshmi Group / Jayavarthanavelu Family & Associate Companies |
| Industry / Sector Classification | Capital Goods / Heavy Engineering & Industrial Machinery |
| Permanent Employees (As of March 31, 2026) | 3,506 (2,397 Permanent Employees + 1,109 Permanent Workers) |
| Key Manufacturing Units / Plants Count | 10 National Plant Locations across Coimbatore & Tirupur Districts |
| Geographic Reach | 21 Indian States, 6 Union Territories, and 30 Export Countries |
| Statutory Auditors | M/s S Krishnamoorthy & Co. (Outgoing) / M/s Brahmayya & Co. (Appointed for FY 2026-31) |
| Registrar & Share Transfer Agent (RTA) | MUFG Intime India Private Limited (formerly Link Intime India Private Limited), Coimbatore |
🏢 The Corporate Identity: Who They Are & Where They Came From
The Big Picture
LMW LIMITED stands as a cornerstone of India’s industrial evolution and capital goods manufacturing. Founded over six decades ago in Coimbatore, Tamil Nadu, the company has transformed from a domestic spinning machinery pioneer into an integrated, multi-disciplinary global engineering powerhouse. LMW operates across four specialized divisions: Textile Machinery Division (TMD), Machine Tool Division (MTD), Foundry Division (FDY), and the Advanced Technology Centre (ATC). It provides complete end-to-end machinery setups, high-precision CNC turning and machining centers, complex ductile and grey iron castings, as well as critical aerospace and space composite assemblies.
The company maintains a dominant position in the domestic textile machinery ecosystem, having installed over 50 million spindles worldwide. Its comprehensive technology stack ranges from blowroom systems to automatic winders under the “Bale to Cone” framework. Concurrently, LMW’s engineering capabilities power vital sectors including automotive, aerospace and defense, power and energy, railways, oil and gas, medical devices, and heavy infrastructure.
- Over 50 Million Spindles Installed Globally: TMD delivers integrated yarn production lines across cotton, man-made, and blended fibers worldwide.
- Diversified Precision Engineering: Advanced CNC turning centers, machining centers, structural castings, and aerospace assemblies drive cross-sectoral growth.
- High Operational Agility: Heavy captive energy integration via 36.80 MW of wind power and 15 MW of solar power supplies over 97.50% of the company’s internal energy requirements.
The Founders, Promoters & Their Legacy
LMW was established under the visionary leadership of the Lakshmi Group family in Coimbatore, fundamentally shaping South India’s industrial landscape. The promoter group, led by Chairman and Managing Director Sri Sanjay Jayavarthanavelu, continues to champion engineering discipline, operational frugality, and structural resilience. Sri Sanjay Jayavarthanavelu brings nearly three decades of management expertise across textile engineering, machine tools, metallurgy, aerospace, logistics, and corporate administration.
The promoter group maintains a strong anchoring stake across family members and long-standing associate entities, including Lakshmi Cargo Company Limited, Lakshmi Technology and Engineering Industries Limited, The Lakshmi Mills Company Limited, Lakshmi Ring Travellers (Coimbatore) Private Limited, and Super Sales India Limited.
The Journey: History & Evolution
Since its incorporation on September 14, 1962, LMW has navigated economic and technology cycles through disciplined execution and technical absorption. Initially established to manufacture textile spinning machinery, the company systematically expanded its metallurgical and machining infrastructure to ensure absolute self-reliance.
- 1962: Incorporation of Lakshmi Machine Works Limited and establishment of spinning machinery manufacturing facilities in Coimbatore.
- 1980s–1990s: Diversification into CNC Machine Tools and modernization of foundry facilities to serve heavy engineering markets.
- 2000s–2010s: Expansion of renewable energy assets (wind and solar); establishment of the Advanced Technology Centre (ATC) to manufacture precision metallics and composites for aerospace and space programs.
- 2024–2025: Rebranding from “Lakshmi Machine Works Limited” to “LMW LIMITED” to reflect a broader global engineering identity; corporate restructuring establishing LMW Holding Limited in DIFC, Dubai, UAE to govern international step-down subsidiaries.
- 2025–2026: Launch of the Lakshmi Winder LW60 completing the full “Bale to Cone” spinning platform; scaling of ATC aerospace composite exports to represent 90% of division revenues.
The Corporate Umbrella
The parent entity, LMW LIMITED, operates directly out of its corporate headquarters in Coimbatore, Tamil Nadu, housing all domestic operational divisions. The international footprint is structured through a wholly-owned holding hub, LMW Holding Limited (DIFC, Dubai, UAE), which oversees step-down operating subsidiaries in China (LMW Textile Machinery Suzhou Co. Ltd.) and JAFZA, Dubai (LMW Global FZE). Domestically, LMW Aerospace Industries Limited is maintained as a wholly-owned subsidiary under dormant status.
⚙️ The Business Engine: What They Do & Where They Operate
The Core Divisions
LMW’s operations are organized into reportable segments in accordance with Ind AS 108. The segment results reported to the Chief Operating Decision Maker (CODM) combine the Machine Tool Division and Foundry Division into a unified operating segment alongside the Textile Machinery Division and Advanced Technology Centre.
| Segment Name | External Revenue (FY 2025-26) (₹ in Crores) | External Revenue (FY 2024-25) (₹ in Crores) | Segment PBIT / Result (FY 2025-26) (₹ in Crores) | Segment Assets (FY 2025-26) (₹ in Crores) | Segment Liabilities (FY 2025-26) (₹ in Crores) | Latest YoY (%) |
|---|---|---|---|---|---|---|
| Textile Machinery Division (TMD) | 1,800.61 | 1,817.25 | (16.32) | 1,892.59 | 952.25 | -0.92% |
| Machine Tool & Foundry Division (MTD & FDY) | 1,147.55 | 943.96 | 97.20 | 1,443.47 | 358.03 | +21.57% |
| Advanced Technology Centre (ATC) | 171.29 | 147.64 | 28.74 | 207.63 | 38.42 | +16.02% |
| Total Segment Figures | 3,119.45 | 2,908.85 | 109.62 | 3,543.69 | 1,348.70 | +7.24% |
The Product & Service Catalog
The company manufactures a wide array of specialized capital equipment and engineered components across its operating business units:
- Textile Machinery Division (TMD): Blowroom lines, Cards, Draw Frames, Combers, Speed Frames, Ring Frames, Smart Auto Piecers, Spinconnect IoT/AI platforms, and Automatic Winders (LW60). TMD sold 1,902 machinery units in FY 2025-26.
- Machine Tool Division (MTD): CNC Turning Centres, Machining Centres (Vertical, Horizontal, and Double Column), Turn-Mill Centres, Multi-Tasking CNC systems, and integrated gantry/robotic automation systems. MTD sold 4,231 machines in FY 2025-26.
- Foundry Division (FDY): High-precision Grey Iron and Ductile/SG Iron machined castings (housing, bogie parts, stator frames, axle boxes, gearbox housings) catering to railways, locomotives, wind energy, compressors, valves, and marine engines. FDY recorded sales volume of 5,593.70 tonnes in FY 2025-26.
- Advanced Technology Centre (ATC): Precision metallic engine components, structural sub-assemblies, composite payload fairings, adaptors, and nose cone structures for space exploration, civil aviation, and defense programs.
The Names You Know
LMW maintains proprietary technology leadership protected by a growing intellectual property portfolio. During FY 2025-26, the company filed 17 new patent applications in India, 2 patents via its Chinese subsidiary, 23 overseas patent applications, and 2 Industrial Design applications. Key digital and product platforms include:
- Lakshmi Winder LW60: Fully automatic winder offering domestic technological parity with European high-end imports.
- Spinconnect: Proprietary IoT and Artificial Intelligence platform enabling digital mill monitoring and real-time process optimization.
- GreenCo Platinum+ Certification: Highest environmental rating awarded to LMW’s Foundry Division by the CII – Sohrabji Godrej Green Business Centre.
Mapping the Domestic & Global Reach
LMW serves customers across 21 Indian States, 6 Union Territories, and 30 overseas countries. Geographical breakdown of gross product sales is detailed below:
| Geographic Region | FY 2025-26 Revenue (₹ in Crores) | FY 2024-25 Revenue (₹ in Crores) | % Share of FY26 Revenue | Latest YoY (%) |
|---|---|---|---|---|
| India (Domestic Market) | 2,649.73 | 2,507.90 | 84.94% | +5.66% |
| Outside India (Exports / International) | 469.72 | 400.95 | 15.06% | +17.15% |
| Total Gross Product Revenue | 3,119.45 | 2,908.85 | 100.00% | +7.24% |
The Brick & Mortar Footprint
LMW operates 10 specialized plant locations in Tamil Nadu, supported by a captive renewable energy infrastructure and global marketing offices:
- Textile Machinery Division Unit I: SRK Vidyalaya Post, Perianaickenpalayam, Coimbatore – 641020
- Textile Machinery Division Unit II: Kaniyur, Coimbatore – 641659
- Machine Tool Division Unit I: Arasur, Coimbatore – 641407
- Machine Tool Division Unit II: Muthugoundenpudur, Coimbatore – 641402
- Foundry Division & Machine Shop: Arasur, Coimbatore – 641407
- Advanced Technology Centre: Ganapathy, Coimbatore – 641006
- Wind Energy Installations: 28 Wind Energy Generators totaling 36.80 MW in Udumalpet (TK), Tirupur District
- Solar Energy Facility: 15.00 MW Solar Power Generating Plant in Kondampatti and Vadachitoor, Coimbatore District
📊 The Financial Health: The Numbers Simplified
Earnings, Expenses, & Take-Home Profits
The Consolidated Statement of Profit and Loss illustrates revenue expansion driven by strong performance in the Machine Tool Division and Advanced Technology Centre, alongside disciplined cost controls amidst textile sector cyclicality.
| Consolidated Statement of Profit and Loss | FY 2025-26 (₹ in Crores) | FY 2024-25 (₹ in Crores) | Latest YoY (%) |
|---|---|---|---|
| Revenue from Operations | 3,207.42 | 3,012.01 | +6.49% |
| Other Income | 145.94 | 124.67 | +17.06% |
| Total Income | 3,353.36 | 3,136.68 | +6.91% |
| Cost of Materials Consumed | 1,995.01 | 1,808.71 | +10.30% |
| Changes in Inventories of Finished Goods & WIP | (8.85) | 33.14 | N/M |
| Employee Benefit Expense | 390.13 | 381.14 | +2.36% |
| Depreciation and Amortisation Expense | 120.18 | 112.60 | +6.73% |
| Impairment Loss / (Reversal) on Financial Assets | 9.59 | (5.25) | N/M |
| Other Expenses | 652.31 | 655.05 | -0.42% |
| Total Expenses | 3,158.37 | 2,985.39 | +5.79% |
| Profit Before Exceptional Items & Tax | 194.99 | 151.29 | +28.88% |
| Exceptional Items (VRS & Statutory Impact of New Labour Codes) | (13.18) | 0.00 | N/M |
| Profit Before Tax (PBT) | 181.81 | 151.29 | +20.17% |
| Current Tax Expense | 58.74 | 43.67 | +34.51% |
| Deferred Tax Expense / (Credit) | (7.66) | 5.01 | N/M |
| Profit After Tax (PAT) | 130.73 | 102.61 | +27.40% |
| Other Comprehensive Income (OCI) (Net of Tax) | (23.06) | 51.42 | N/M |
| Total Comprehensive Income | 107.67 | 154.03 | -30.10% |
| Basic & Diluted EPS (in ₹) (Face Value ₹10/-) | 122.37 | 96.05 | +27.40% |
Assets, Borrowings, & Net Worth
LMW maintains an exceptionally robust Balance Sheet characterized by a zero-debt capital structure, substantial liquid treasury assets, and healthy equity reserves.
| Consolidated Balance Sheet Summary | As at March 31, 2026 (₹ in Crores) | As at March 31, 2025 (₹ in Crores) | Latest YoY (%) |
|---|---|---|---|
| Property, Plant and Equipment | 931.82 | 971.37 | -4.07% |
| Capital Work-in-Progress (CWIP) | 1.00 | 4.16 | -75.96% |
| Other Intangible Assets | 13.91 | 18.77 | -25.89% |
| Non-Current Financial Assets (Investments & Bank Deposits) | 655.99 | 373.25 | +75.75% |
| Total Non-Current Assets | 1,602.72 | 1,367.55 | +17.20% |
| Inventories | 575.27 | 571.30 | +0.69% |
| Trade Receivables | 280.23 | 176.87 | +58.44% |
| Cash, Cash Equivalents & Other Bank Balances | 1,264.47 | 1,353.16 | -6.55% |
| Current Financial Investments | 338.16 | 358.35 | -5.63% |
| Other Current Assets & Tax Assets | 201.18 | 180.66 | +11.36% |
| Total Current Assets | 2,659.31 | 2,640.34 | +0.72% |
| TOTAL ASSETS | 4,262.03 | 4,007.89 | +6.34% |
| Equity Share Capital | 10.68 | 10.68 | 0.00% |
| Other Equity (Reserves & Surplus) | 2,855.84 | 2,766.74 | +3.22% |
| Total Equity (Net Worth) | 2,866.52 | 2,777.42 | +3.21% |
| Non-Current Borrowings | 0.00 | 0.00 | N/M |
| Deferred Tax Liabilities (Net) | 46.22 | 52.51 | -11.98% |
| Other Non-Current Liabilities (Customer Security Deposits) | 193.44 | 171.95 | +12.50% |
| Total Non-Current Liabilities | 239.66 | 224.46 | +6.77% |
| Current Borrowings | 0.00 | 0.00 | N/M |
| Trade Payables | 621.14 | 521.54 | +19.10% |
| Other Current Liabilities & Financial Liabilities | 522.35 | 473.26 | +10.37% |
| Current Provisions | 12.36 | 11.21 | +10.26% |
| Total Current Liabilities | 1,155.85 | 1,006.01 | +14.89% |
| TOTAL EQUITY AND LIABILITIES | 4,262.03 | 4,007.89 | +6.34% |
Cash Flow: Tracking the Money Movement
LMW generated robust cash flows from operations, supporting internal capital expenditure and treasury deployment.
| Consolidated Cash Flow Summary | FY 2025-26 (₹ in Crores) | FY 2024-25 (₹ in Crores) | Latest YoY (%) |
|---|---|---|---|
| Net Cash Generated from / (Used in) Operating Activities [A] | 177.41 | 29.04 | +510.92% |
| Net Cash Generated from / (Used in) Investing Activities [B] | 109.63 | 72.84 | +50.51% |
| Net Cash Used in Financing Activities [C] | (32.25) | (80.37) | -59.87% |
| Net Increase / (Decrease) in Cash & Cash Equivalents | 254.79 | 21.51 | +1084.52% |
| Cash & Cash Equivalents at Beginning of the Year | 139.92 | 118.41 | +18.17% |
| Cash & Cash Equivalents at End of the Year | 394.71 | 139.92 | +182.10% |
Funding the Future: CapEx, CWIP & R&D Spending
LMW continues to fund its capital expenditure and technology development entirely through internal cash accruals.
- Capital Expenditure Additions: Property, plant, equipment, and software additions totaled ₹0.77 Crores during FY 2025-26 (vs ₹134.90 Crores in FY 2024-25).
- Capital Work-in-Progress (CWIP): CWIP stood at ₹1.00 Crore as of March 31, 2026, down from ₹4.16 Crores in the previous year.
- R&D Expenditure: In-house research and development expenditure across TMD and MTD units totaled ₹58.60 Crores in FY 2025-26 (₹4.56 Crores in TMD and ₹13.00 Crores in MTD).
- Capital Commitments: Estimated amount of contracts remaining to be executed on capital account and not provided for stood at ₹1.49 Crores.
🗺️ The Corporate Family Tree: Structure & Investments
Subsidiaries, Associates, & Joint Ventures (Form AOC-1)
LMW’s international operational architecture is organized through a holding company structure in the United Arab Emirates, governing step-down subsidiaries in China and JAFZA, Dubai.
| Entity Name | Relationship | Country | % Shareholding | Turnover (FY 2025-26) (₹ in Crores) | Profit / (Loss) After Tax (FY26) (₹ in Crores) |
|---|---|---|---|---|---|
| LMW Holding Limited | Wholly Owned Subsidiary | UAE (DIFC) | 100% | 0.00 | (23.13) |
| LMW Aerospace Industries Limited | Wholly Owned Subsidiary (Dormant) | India | 100% | 0.00 | (0.06) |
| LMW Textile Machinery (Suzhou) Co. Ltd. | Step-down Subsidiary (via LMW Holding) | China | 100% | 130.05 | 0.18 |
| LMW Global FZE | Step-down Subsidiary (via LMW Holding) | UAE (JAFZA) | 100% | 183.75 | (29.54) |
Strategic Investments & Treasury Holdings
LMW maintains a substantial liquid treasury portfolio held across quoted equity investments, mutual funds, non-convertible debentures (NCDs), and fixed deposits:
- Quoted Equity Holdings (FVTOCI): Strategic equity stakes in Cholamandalam Investment & Finance Co. Ltd. (₹2.32 Cr), The Lakshmi Mills Co. Ltd. (₹19.08 Cr), Lakshmi Engineering & Warehousing Ltd. (₹0.90 Cr), Indian Bank (₹5.88 Cr), and Pricol Ltd. (₹1.28 Cr).
- Unquoted Investments: Venture holdings in CIRC Inc, USA (₹0.83 Cr) and 8090 Decarbonisation Fund II LP (₹1.10 Cr).
- Non-Convertible Debentures (NCDs): ₹80.72 Crores deployed across corporate NCDs issued by Shriram Finance, Bajaj Finance, Muthoot Finance, Fedbank Financial Services, and Cholamandalam Investment.
- Mutual Funds & Bank Fixed Deposits: ₹338.16 Crores in liquid and dynamic debt mutual funds alongside ₹1,145.35 Crores in bank fixed deposits and margin balances.
👥 Power & Control: Who Pulls the Strings?
The Brain Trust: Board of Directors & Key Managerial Personnel (KMP)
The Board of Directors comprises nine members featuring a combination of industrial leaders, legal luminaries, former central bankers, and operational experts.
| Name | Designation / Category | DIN | Key Experience / Background |
|---|---|---|---|
| Sri Sanjay Jayavarthanavelu | Chairman & Managing Director (Executive) | 00004505 | Over 30 years experience in textile engineering, machine tools, metallurgy, and corporate strategy. MBA from Philadelphia University, USA. |
| Sri M Sankar | Executive Director (Director Operations) | 10362673 | 40 years experience in strategic management, manufacturing, sales, R&D, and supply chain. B.Tech. |
| Sri S Pathy | Non-Executive Non-Independent Director | 00013899 | Promoter group industrialist with extensive expertise in textile manufacturing and administration. |
| Sri Arun Alagappan | Non-Executive Independent Director | 00291361 | Executive Chairman of Coromandel International; extensive experience in industrial management and capital allocation. |
| Sri Aroon Raman | Non-Executive Independent Director | 00201205 | Entrepreneur and operational expert. M.A. (JNU) and MBA from Wharton School, University of Pennsylvania, USA. |
| Sri Venkataramani Anantharamakrishnan | Non-Executive Independent Director | 00277816 | Managing Director of IP Rings Limited; deep expertise in automotive engineering and component manufacturing. |
| Smt Pushya Sitaraman | Non-Executive Independent Woman Director | 06537196 | Senior legal practitioner with extensive specialization in corporate law, taxation, and statutory compliance. |
| Dr Deepali Pant Joshi | Non-Executive Independent Woman Director | 07139051 | Former Executive Director of the Reserve Bank of India (RBI); expert in banking policy, regulation, and economics. |
| Sri Jaidev Jayavarthanavelu | Non-Executive Non-Independent Director | 07654117 | Promoter group representative; experienced in general management and corporate operations. |
| Sri V Senthil | Chief Financial Officer (CFO) | KMP | Chartered Accountant (ACA) with 11 years at LMW across financial reporting and treasury. |
| Sri C R Shivkumaran | Company Secretary & Compliance Officer | KMP (A38813) | Ph.D., FCS, ACMA, MBA; 29 years experience in legal, corporate governance, and secretarial functions. |
Who Owns the Stock? Shareholding Pattern
As of March 31, 2026, the company’s paid-up equity capital stood at ₹10,68,30,000 comprising 1,06,83,000 equity shares of face value ₹10 each.
| Shareholder Category | Number of Shares Held | % Shareholding |
|---|---|---|
| Promoter & Promoter Group | 33,18,059 | 31.06% |
| Mutual Funds / DIIs / Banks / Financial Institutions | 18,48,220 | 17.30% |
| Foreign Institutional Investors (FIIs / FPIs) | 4,80,735 | 4.50% |
| Corporate Bodies & Trusts | 16,58,206 | 15.52% |
| Resident Individual Shareholders & Others | 33,77,780 | 31.62% |
| Total Share Capital | 1,06,83,000 | 100.00% |
🎯 The Strategic Outlook: Future Plans & Potential Pitfalls
Competitive Advantages & Economic Moats
LMW possesses structural engineering advantages that shield its business model across capital goods cycles:
- Fully Integrated “Bale to Cone” Capability: TMD is one of few global OEMs capable of supplying the entire spinning machinery spectrum under one roof.
- Metallurgical & Machining Synergies: FDY provides monolithic, high-grade ductile iron castings directly to MTD and external heavy engineering clients, eliminating vendor dependencies.
- Aerospace Dual-Capability Moat: ATC is qualified to deliver both high-precision metallic machining and advanced carbon/glass fiber composite structures for global tier-1 OEMs and space programs.
- Zero-Debt Balance Sheet & Energy Self-Sufficiency: Over 97.50% captive renewable energy coverage isolates manufacturing margins from power tariff volatility.
What Could Go Wrong? Key Challenges & Business Risks
Management actively tracks several operational and external risk factors:
- Textile Capital Expenditure Cycles: Domestic mill capex decisions remain sensitive to raw cotton price volatility, global yarn demand, and geopolitical shifts in traditional export markets like Turkey and Bangladesh.
- Raw Material & Energy Price Exposure: Foundry and machining operations remain vulnerable to pig iron, scrap, and metallurgical coke cost fluctuations.
- Forex Volatility: With export revenues at ₹469.72 Crores and foreign currency payables at ₹2.61 Crores, sharp currency realignments require continuous risk monitoring.
- Labour Law Realignments: Implementation of the New Labour Codes created a one-time actuarial provision impact of ₹11.50 Crores in FY 2025-26.
The Next Chapter: Growth & CapEx Initiatives
LMW is executing a multi-pronged strategic blueprint focused on digitalisation, automation, and market expansion:
- Controlled Room Manufacturing & Artificial Intelligence: Embedding AI/ML tools for predictive tool wear compensation, automated quality self-correction, and lights-out CNC machining.
- Horizontal & Multi-Tasking CNC Expansion: Accelerating market penetration of Horizontal Machining Centres (HMCs) and multi-tasking turning-milling centers across non-automotive sectors like mobile EMS, railways, and defense.
- Scaling Composite Aerospace Exports: Leveraging ATC’s payload fairing and nose cone structural capabilities to capture higher wallet share from European and North American aerospace OEMs.
- Joint Property Development: Monetization of 4.21 acres of surplus keeranatham land in Coimbatore under a Joint Development Agreement with Infinium Developers LLP for residential construction under a revenue-sharing model.
The Verdict: Strategic Outlook & Conclusion
LMW LIMITED demonstrates resilient fundamentals, supported by a zero-debt balance sheet, substantial treasury liquidity of over ₹1,600 Crores, and a balanced revenue model spanning textiles, machine tools, metallurgy, and defense/aerospace. As India’s industrial capex cycle accelerates alongside Make in India and Atmanirbhar Bharat mandates, LMW’s engineering depth and technical capabilities position it for sustained long-term value creation.
Note: Financial ratios, margins, YoY growth percentages, and % revenue shares are calculated by IndianCompanies.in based on disclosed Ind AS financial statements.
Official Site: https://www.lmwglobal.com