LMW - LMW
📢 Recent Corporate Announcements
LMW Limited has disclosed the receipt of an ESG rating from SES ESG Research Private Limited as per SEBI (LODR) Regulations. Notably, the company did not engage the agency for this rating; SES ESG prepared the report independently using data available in the public domain. This disclosure follows the SEBI Master Circular dated January 30, 2026, regarding ESG reporting standards. While the specific score was not detailed in the announcement, it reflects the company's compliance with evolving transparency norms.
- LMW Limited received an ESG rating from SES ESG Research Private Limited.
- The rating was unsolicited and based solely on data available in the public domain.
- Disclosure is compliant with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026.
- The report is being made available on the company's official website for stakeholder review.
LMW Limited has announced a physical plant visit for a group of analysts and investors scheduled for February 20, 2026. The visit will take place at the company's Textile Machinery Division - Unit I located in Coimbatore. Management has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this interaction. Additionally, the company confirmed that no formal presentation will be delivered during the event.
- Physical group plant visit scheduled for February 20, 2026.
- The visit is focused on the Textile Machinery Division - Unit I in Coimbatore.
- Disclosure made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
- No unpublished price sensitive information (UPSI) or formal presentations will be provided.
LMW Limited has announced a return to a six-day work week for its Textile Machinery Division (TMD) across all Coimbatore facilities, effective February 4, 2026. This move reverses a previous operational schedule change initiated in May 2024, suggesting a recovery in production requirements. The shift back to a full working week typically indicates an improvement in order inflow or a need to clear existing backlogs. This operational ramp-up is a positive signal for the company's capacity utilization and revenue potential in the upcoming quarters.
- Reverting to a 6-day work week at all Textile Machinery Division (TMD) facilities in Coimbatore.
- The operational change is effective from Wednesday, February 4, 2026.
- Updates a previous disclosure regarding working days made on May 14, 2024.
- Indicates potential improvement in demand and capacity utilization within the textile machinery segment.
LMW Limited reported a consolidated profit of ₹104 crores for 9M FY26, an increase from ₹90 crores in the previous year, despite a flat Q3 revenue performance. The Textile Machinery Division (TMD) continues to face headwinds with a 2% revenue decline and low capacity utilization, leading to a 5-day work week. However, the Machine Tool Division and Advanced Technology Centre (ATC) showed resilience, with ATC revenue growing to ₹150 crores. Global subsidiaries remain a drag on profitability, posting a combined loss of ₹36 crores due to weak export demand in markets like Turkey and Bangladesh.
- Consolidated 9M FY26 profit rose to ₹104 crores compared to ₹90 crores in the previous year.
- Textile Machinery Division (TMD) maintains an order book of ₹2,600 crores, though actual orders are ₹1,500 crores.
- Machine Tool Division and Foundry revenue increased to ₹853 crores for 9M FY26 from ₹728 crores YoY.
- Advanced Technology Centre (ATC) revenue grew to ₹150 crores with improving double-digit margins.
- LMW Global and LMW China reported losses of ₹25 crores and ₹11 crores respectively for the 9-month period.
LMW Limited has officially released the audio recording of its analyst conference call conducted on January 29, 2026. This disclosure follows the company's prior notification regarding the meeting schedule. The recording is hosted on the company's website and provides transparency regarding the discussions held with institutional investors. Investors can access the link to hear management's commentary on business operations and future outlook.
- Audio recording of the analyst conference call held on Jan 29, 2026, is now available.
- The meeting was conducted at 4:00 PM IST as per the previous schedule.
- The link is accessible via the company's official investor relations portal.
- This filing is a routine regulatory compliance step following the analyst meet.
LMW reported a 7.8% YoY growth in standalone revenue to ₹766.75 crore for Q3 FY26. While the reported net profit fell sharply to ₹29.94 crore from ₹147.88 crore YoY, this was primarily due to a high base effect from a ₹131.61 crore exceptional gain in the previous year's quarter. Operationally, profit before exceptional items and tax grew by 52.8% to ₹56.30 crore. The Machine Tool & Foundry and Advanced Technology segments showed strong growth, while the Textile Machinery division remained under pressure with a marginal loss.
- Standalone Revenue from operations grew 7.8% YoY to ₹766.75 crore in Q3 FY26.
- Profit before exceptional items and tax increased 52.8% YoY to ₹56.30 crore, indicating improved operational efficiency.
- Machine Tool & Foundry division revenue rose 19.5% YoY to ₹298.33 crore with segment profits up 41%.
- Advanced Technology Centre revenue grew 27.7% YoY to ₹53.21 crore with segment profits more than doubling to ₹9.18 crore.
- Reported Net Profit fell to ₹29.94 crore due to an exceptional loss of ₹11.50 crore versus a massive exceptional gain of ₹131.61 crore in the year-ago period.
LMW Limited has announced a virtual group meeting for analysts and institutional investors scheduled for January 29, 2026, at 4:00 PM IST. The meeting will be conducted via the Webex platform to discuss the company's performance and business outlook. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this interaction. This disclosure is a routine compliance requirement under Regulation 30 of the SEBI (LODR) Regulations, 2015.
- Analyst and Investor meeting scheduled for January 29, 2026, at 4:00 PM IST.
- The meeting will be held virtually via Webex with specific access codes provided.
- Company confirms that no Unpublished Price Sensitive Information (UPSI) will be disclosed.
- The schedule is subject to change and is hosted on the company's official website.
LMW Limited has disclosed the receipt of an ESG rating from NSE Sustainability Ratings & Analytics Limited. The company noted that it did not formally engage the agency for this rating; instead, the report was prepared independently using data available in the public domain. This disclosure is in compliance with the SEBI Master Circular dated November 11, 2024, regarding sustainability reporting. While the specific rating score was not mentioned in the filing, it reflects the increasing regulatory focus on ESG metrics for listed Indian companies.
- ESG Rating issued by NSE Sustainability Ratings & Analytics Limited.
- Rating was prepared independently based on public domain data without company engagement.
- Compliance follows SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
- Disclosure made under Regulation 30 of SEBI (LODR) Regulations, 2015.
LMW Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms that all share certificates received for dematerialization during the quarter ended December 31, 2025, were processed within prescribed timelines. It further verifies that physical certificates were mutilated and cancelled, and the names of depositories were updated in the register of members. This is a standard administrative filing ensuring regulatory compliance regarding shareholding records.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Issued by Registrar and Share Transfer Agent, MUFG Intime India Private Limited.
- Confirms dematerialization requests were processed and securities listed on stock exchanges.
- Physical certificates were mutilated and cancelled after due verification per SEBI norms.
- Updates to the register of members were completed within the mandated timelines.
LMW Limited has officially completed the transaction for the sale of its equity shares in Super Sales India Limited. This follows the company's initial disclosure regarding the proposed sale on December 15, 2025. The completion of this divestment indicates a strategic move to exit or reduce its holding in the entity. While the specific transaction value was not mentioned in this update, it represents the finalization of a previously announced corporate action.
- Completion of the sale of equity shares held in Super Sales India Limited.
- Follow-up to the previous regulatory intimation dated December 15, 2025.
- Compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The transaction marks a formal exit or reduction in the company's investment portfolio.
LMW Limited has announced that its trading window will be closed from January 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is in anticipation of the upcoming unaudited financial results for the quarter and nine months ending December 31, 2025. The window will remain closed until 48 hours after the financial results are officially declared. The company will announce the specific date for the board meeting to consider these results in due course.
- Trading window closure commences on January 1, 2026.
- Closure pertains to the financial results for the quarter and nine months ended December 31, 2025.
- Restriction applies to all Designated Persons and their immediate relatives.
- Trading window will reopen 48 hours after the declaration of the financial results.
LMW Limited's Board of Directors has approved the sale of 3,00,000 equity shares held in M/s. Super Sales India Limited. This divestment represents a significant 9.77% of the paid-up share capital of the target company. The move appears to be a strategic decision to monetize non-core investment holdings. While the transaction value was not disclosed in the filing, the exit from this long-term holding will provide a cash inflow to LMW.
- Board approved the sale of 3,00,000 equity shares of Super Sales India Limited.
- The stake being sold represents 9.77% of the total paid-up share capital of the target entity.
- The decision was finalized in a Board Meeting held on December 15, 2025, between 10:15 AM and 10:50 AM.
- The transaction is classified as a 'Proposed Transaction' under Regulation 30 of SEBI Listing Regulations.
Financial Performance
Revenue Growth by Segment
LMW Global (Dubai) revenue grew 44.9% YoY to INR 71 Cr in H1 FY26 from INR 49 Cr in H1 FY25. Textile Machinery Division (TMD) is operating at a low capacity utilization of 40-45% due to sluggish demand.
Geographic Revenue Split
The revenue split is 66% Domestic, 7% Exports, and 27% Spares as of Q2 FY26.
Profitability Margins
Operating profit before working capital changes fell 67.8% YoY to INR 148.53 Cr in FY25 from INR 460.73 Cr in FY24. Current period profit includes a one-time profit on sale of assets of INR 15 Cr.
EBITDA Margin
Advanced Technology Centre (ATC) metallics segment EBITDA margin is approximately 19%. Overall operating profit before working capital changes was 148.53 Cr in FY25.
Capital Expenditure
Purchase of Fixed Assets and Capital Work In Progress was INR 130.12 Cr in FY25, compared to INR 151.13 Cr in FY24.
Credit Rating & Borrowing
Not disclosed in available documents; however, the company holds significant cash reserves with bank deposits (3-12 months maturity) of INR 1,212.26 Cr as of March 2025.
Operational Drivers
Raw Materials
Steel castings, forgings, metallics, and composite materials used in aerospace and textile machinery.
Capacity Expansion
Current capacity utilization in the Textile Machinery Division is 40-45%. The company is maintaining a 5-day working week due to lower utilization.
Raw Material Costs
Raw material costs are managed through back-to-back sourcing for long-term contracts (e.g., 2.5-year contracts in ATC) to mitigate price volatility.
Manufacturing Efficiency
Capacity utilization is currently low at 40-45% in TMD, leading to a reduced 5-day work week to manage overheads.
Strategic Growth
Growth Strategy
Growth is driven by the Advanced Technology Centre (ATC) through metallics and composite products for aerospace, and LMW Global (Dubai) which saw 44.9% H1 growth. The company is also integrating Industry 4.0, automation, and AI into its textile machinery portfolio.
Products & Services
Textile spinning machinery, CNC machine tools, foundry castings, and aerospace components (metallics and composites).
Brand Portfolio
LMW (formerly Lakshmi Machine Works Limited).
New Products/Services
Digitally enabled and Industry 4.0 ready textile machines; expansion into composite aerospace products which are currently in the pipeline.
Market Expansion
LMW Global (Dubai) is a key expansion vehicle, growing revenue to INR 71 Cr in H1 FY26.
External Factors
Industry Trends
Textile manufacturers are accelerating adoption of automation, energy-efficient solutions, and AI. LMW is positioning its portfolio to be Industry 4.0 ready to capture this shift.
Competitive Landscape
Competition intensity is noted in the Textile Machinery Division (TMD) side, though specific competitor names are not listed.
Competitive Moat
Moat is built on technological leadership in textile machinery and high-entry-barrier aerospace manufacturing (ATC) with 19% EBITDA margins in metallics.
Macro Economic Sensitivity
Highly sensitive to the textile industry cycle and domestic capital expenditure trends.
Consumer Behavior
Shift toward sustainable and automated textile production is driving demand for energy-efficient machinery.
Geopolitical Risks
Exposure to export markets (7% of sales) and international subsidiaries in China and Dubai.
Regulatory & Governance
Industry Regulations
Operations are governed by the Companies Act, 2013 and SEBI (LODR) Regulations 2015. LMW Aerospace Industries Limited has attained 'Dormant' status.
Taxation Policy Impact
Taxes paid in FY25 were INR 17.62 Cr, down from INR 118.58 Cr in FY24 due to lower operating profits.
Risk Analysis
Key Uncertainties
Sluggish demand in the textile sector leading to low capacity utilization (40-45%) and reduced operating cash flows (down 79.3% YoY).
Geographic Concentration Risk
66% of sales are concentrated in the Indian domestic market.
Third Party Dependencies
Dependency on suppliers for steel castings and forgings, managed through back-to-back contracts for ATC.
Technology Obsolescence Risk
Risk is mitigated by R&D into Industry 4.0 and AI-enabled machinery.
Credit & Counterparty Risk
Expected credit loss allowance on trade receivables was INR 7.54 Cr in FY25, down from INR 13.52 Cr in FY24.