Textile companies are expanding their capacity, already they have announced Rs 6000 crore capacity expansion, LMW is having 60% Market share in textile Machinery space
Exellent Service after sales
Debt : zero debt
having subsidary in china
Good Management
Exports showing improvement
Expecting growth in next 3-4 years 10-15% growth
pl share valueble views
Results for 4 qtrs sales are increasing
Standalone Mar’15 Dec’14 Sep’14 Jun’14
Net Sales 638.61 551.79 569.09 553.08
Other Income 27.69 25.46 26.27 26.91
PBDIT 73.18 71.88 77.17 66.06
Net Profit 67.26 44.78 46.84 48.57
LMW has also diversified into the manufacture of CNC machine tools, heavy castings and parts and components for the aerospace industry.
Company has started real estate operations in 2013 and entered into joint venture development agrement
with shoba developers in 4.76 acres of land and 236 residential apartments of 2 bhk and 3 bhk
and estimated to complete by 2016
Roughly they have cash in books :879 crores out of this 50-60% Advance from customers Market cap is 4,313 crores
I expect the cash balance in the balance sheet to improve going forward with improving profitability. I feel a strong balance sheet will help it to command a premium in the improved business scenario
Equity capital is 11.26 Crores and Reserves and sulplus1,093 crores as of March 2014
They have 28 wind mills with a total installed capacity of 36.85 Mw
They have 5 Divisions
Export Turnover 2014
1.Textile Machinery Division (incl.china sales) 430 crores
2.Cnc Machine tools division .26 crores
3.Castings 40.58 crores
4 Aerospace 4.73 crores
Exports turnover doubled compared to 2013 from 231 crores to 475 crores
Disclosure: i have invested small qty in the company shares