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Coimbatore-based manufacturer of textile spinning machinery, also making CNC machine tools and precision aerospace components.
Coimbatore-based manufacturer of textile spinning machinery, also making CNC machine tools and precision aerospace components.
Textile machinery is sold in large orders to spinning mills, whose appetite for new machines depends on their own profit and on interest-subsidy schemes, so orders are cyclical. It makes many of its parts in-house, from castings to machine assemblies, so its foundry also supplies other industries.
Moat: narrow (process know-how, installed base). Decades of engineering expertise as India's dominant domestic textile-spinning machinery maker.
Headquarters: Coimbatore, India · Founded: 1962 · Employees: 3,796
Size LMW (LMW.NS) is an India Industrials company (Industrial Machinery) with a market value of $1.93B, the 378th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹17,037 on 6 Nov 2026.
Performance Over six months the shares gained 13.5%, against -9.1% for the median peer and 0.0% for the India market (cap-weighted) — 4th highest of 18 in its peer set.
Growth Revenue grew 19.4% over the last twelve months (peer median +10.8%); the operating margin is 4.2% (peer median 13.6%).
Valuation It trades at 55.9× forward earnings against a peer median of 19.4× (2nd most expensive of 18).
Capital Return on invested capital runs 8.0 points below its cost of capital (17.0% WACC).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹36.8B | ₹32.0B | ₹29.8B | ₹46.8B | ₹47.0B |
| Revenue growth | — | +7% | -36% | 0% | — |
| Gross profit | ₹8.49B | ₹3.86B | ₹3.07B | ₹7.24B | ₹8.02B |
| EBITDA | ₹2.77B | ₹1.78B | ₹1.14B | ₹4.35B | ₹4.32B |
| Net income | ₹2.05B | ₹1.31B | ₹1.03B | ₹3.74B | ₹3.84B |
| Free cash flow | n/a | ₹2.02B | ₹82.9M | ₹609M | ₹1.50B |
| Capital expenditure | n/a | ₹738M | ₹1.30B | ₹1.51B | ₹2.78B |
| Total debt | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| LMW LMW.NS | $1.93B | +14% | +19% | 4% | 55.9× | n/a |
| Rieter RIEN.SW | $371M | -31% | +20% | -4% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LMW.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.3% | -3.1% | 7th highest of 21 |
| 6-month return | +13.5% | -9.1% | 4th highest of 18 |
| Distance from 52-week high | -15.4% | -28.7% | 8th highest of 21 |
| Revenue growth (TTM) | +19.4% | +10.8% | 6th highest of 21 |
| Operating margin | 4.2% | 13.6% | 4th lowest of 21 |
| Forward P/E | 55.9× | 19.4× | 2nd most expensive of 18 |
| ROIC minus cost of capital | -8.0 pp | +3.0 pp | 2nd lowest of 20 |
| EV / EBITDA | 59.4× | 12.3× | most expensive of 12 |
| Net debt / EBITDA | -6.3× | -0.2× | least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| LMW LMW.NS | India | $1.93B | +14% | +19% | 4% | 55.9× | n/a | n/a |
| Midera Food Processing MFP | United States | $1.92B | n/a | +11% | 14% | 16.4× | 0.9% | +10.5% |
| Suzhou Secote Precision Electronic 603283.SS | China | $1.92B | -12% | +9% | 20% | 20.2× | n/a | n/a |
| Excelland Robotics (Wuxi) 3231.HK | Hong Kong | $1.91B | n/a | +19% | -36% | n/a | n/a | n/a |
| Ta Liang Technology 3167.TW | Taiwan | $1.89B | -9% | +103% | 23% | 19.6× | 31.8% | +15.9% |
| CIMC Enric 3899.HK | Hong Kong | $1.96B | -32% | +6% | 4% | 10.4× | -4.7% | +15.6% |
| OSG 6136.T | Japan | $1.88B | -2% | +20% | 18% | 11.4× | 1.7% | +9.0% |
| ELGI Equipments ELGIEQUIP.NS | India | $1.87B | -1% | +16% | 13% | 35.0× | 30.6% | +15.5% |
| Makino Milling Machine 6135.T | Japan | $1.99B | +35% | +17% | 12% | 10.1× | -3.2% | +17.5% |
| Wuxi Rich Intelligent Equipment 301599.SZ | China | $1.87B | -54% | +9% | 13% | n/a | 31.2% | +9.2% |
| Enerpac Tool EPAC | United States | $1.99B | +9% | +6% | 20% | 18.8× | 3.8% | +4.3% |
| Kaishan 300257.SZ | China | $2.00B | -56% | +12% | 15% | 22.0× | n/a | n/a |
| Xi'an Shaangu Power 601369.SS | China | $2.00B | -22% | -5% | 7% | 18.2× | -11.1% | +3.2% |
| Max 6454.T | Japan | $2.01B | +1% | +11% | 18% | 19.4× | 2.4% | +9.2% |
| Landis+Gyr LAND.SW | Switzerland | $2.01B | +17% | -22% | 25% | 21.5× | -10.2% | -5.7% |
| Direct Drive Tech 6731.HK | Hong Kong | $2.02B | n/a | +253% | -38% | n/a | n/a | n/a |
| Shenzhen Yinghe Technology 300457.SZ | China | $1.84B | -34% | +27% | 6% | 18.6× | 11.4% | +31.7% |
| Xiangtan Electric Manufacturing 600416.SS | China | $1.83B | -33% | -3% | -2% | 414.0× | n/a | n/a |
| Systemair SYSR.ST | Sweden | $1.83B | +16% | +3% | 9% | 18.6× | 13.4% | +8.0% |
| Jiangxi Guoke Defence 688543.SS | China | $1.83B | -7% | +2% | 16% | 42.7× | n/a | n/a |
| Shenzhen Hongfuhan Technology 301086.SZ | China | $2.04B | -23% | +58% | 14% | 27.7× | n/a | n/a |