Lakshmi Machine Works Limited

Equities

LAXMIMACH

INE269B01029

Industrial Machinery & Equipment

Market Closed - Bombay S.E. Other stock markets 06:00:50 2024-04-26 am EDT			5-day change	1st Jan Change
16,679 ^INR	-0.32%		-1.17%	+21.53%

Feb. 12	Lakshmi Machine Works Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	CI
Jan. 18	Lakshmi Machine Works Limited Announces Resignation of T. C. Suseel Kumar as Director	CI

Lakshmi Machine Works Limited Announces Resignation of T. C. Suseel Kumar as Director

January 18, 2024 at 03:53 am EST

Lakshmi Machine Works Limited informed that Sri. T. C. Suseel Kumar (DIN:06453310) Nominee Director (representing Life Insurance Corporation) on the Board of the Company has submitted his resignation with effect from close of business hours on 26th January, 2024. The resignation letter as submitted by Sri.

T C Suseel Kumar, will be considered /taken on note by the Board /Committee members at their upcoming Meeting(s).

Latest news about Lakshmi Machine Works Limited

Lakshmi Machine Works Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	Feb. 12	CI
Lakshmi Machine Works Limited Announces Resignation of T. C. Suseel Kumar as Director	Jan. 18	CI
Lakshmi Machine Works' Consolidated Profit Climbs in Fiscal Q2	23-10-26	MT
Lakshmi Machine Works Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	23-10-25	CI
Lakshmi Machine Works Limited Announces Retirement of K Soundhar Rajhan as Director-Operations	23-08-01	CI
Lakshmi Machine Works Limited Reports Earnings Results for the First Quarter Ended June 30, 2023	23-07-31	CI
Lakshmi Machine Works Limited Announces Management Appointments, Effective August 1, 2023	23-07-31	CI
Lakshmi Machine Works Limited Announces Appointment of Sri. Jaidev Jayavarthanavelu as Whole Time Director	23-05-24	CI
Lakshmi Machine Works Limited Announces Retirement of Soundhar Rajhan as Director	23-05-24	CI
Lakshmi Machine Works Limited Recommends Dividend for the Financial Year Ended March 31, 2023	23-05-24	CI
Lakshmi Machine Works Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023	23-05-24	CI
Lakshmi Machine Works Board to Consider Dividend for Fiscal 2023	23-05-03	MT
Lakshmi Machine Works Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022	23-02-01	CI
Lakshmi Machine Works Gets Board Nod to Invest $6 Million in Wholly-Owned Arm	22-10-20	MT
Lakshmi Machine Works Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022	22-10-20	CI
Lakshmi Machine Works Limited Reports Earnings Results for the First Quarter Ended June 30, 2022	22-07-25	CI
Lakshmi Machine Works Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2022	22-05-11	CI
Lakshmi Machine Works Limited Recommends Dividend for the Financial Year Ended March 31, 2022	22-05-11	CI
Lakshmi Machine Works Forms New Dubai Subsidiary	22-02-15	MT
Lakshmi Machine Works Limited Announces Incorporation of Wholly Owned Subsidiary Company: LMW Middle East FZE	22-02-15	CI
Lakshmi Machine Works Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021	22-02-04	CI
Lakshmi Machine Works to Set Up Unit in UAE	21-10-27	MT
Lakshmi Machine Works Limited Plans Setting Up Wholly Owned Subsidiary Company in United Arab Emirates	21-10-27	CI
Lakshmi Machine Works Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021	21-10-27	CI
Lakshmi Machine Works Limited(BSE:500252) added to S&P Global BMI Index	21-09-20	CI

Chart Lakshmi Machine Works Limited

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Company Profile

Lakshmi Machine Works Limited is an India-based textile machinery manufacturer. The Company is engaged in the manufacturing and selling of textile spinning machinery, computer numerical control machine tools, heavy castings and parts and components for the aerospace industry. The Company caters to both domestic and international markets. The Company operates through four divisions: Textile Machinery Division (TMD), Machine Tool Division (MTD), Foundry Division (FDY) and Advanced Technology Centre (ATC). TMD division is engaged in the manufacturing of a range of textile spinning machinery globally. MTD division is involved in developing and delivering customized machining solutions. FDY division is engaged in making precision castings for global brands across the world. ATC is involved in manufacturing aerospace components and assemblies for global players in the sector. Its TMD division offers card sliver systems, combing system, ring spinning system, compact spinning system and other.

Sector

Industrial Machinery & Equipment

Calendar

2024-05-19 - Q4 2024 Earnings Release (Projected)

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Ratings for Lakshmi Machine Works Limited

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Investor Rating

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

16,679 INR

Average target price

12,809 INR

Spread / Average Target

-23.20%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

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Sector Industrial Machinery

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Industrial Machinery