If you had invested ₹1 lakh in Lakshmi Machine Works way back in 2001, your profits would now have been a stunning ₹3.69 crore. This multibagger had immense returns of ₹2,26,24,000 and dividends of ₹1,43,47,200. Here is a deeper look at the company.

👔 Stock Name: Lakshmi Machine Works Ltd.

👔 NSE: $LAXMIMACH

🧵 About the Company

Lakshmi Machine Works is a textile machinery manufacturer engaged in manufacturing and selling textile spinning machinery, CNC machine tools, heavy castings and parts & components to various industries.

🧵 Business Segments

The company has 4 major business segments:

👗 Textile Machinery Division

⚙️ Machine Tool Division

🦾 Foundry Division (a workshop or factory for casting metal)

🤖 Advanced Technology Division

🧵Spinning Machinery Leader

It is one of the 3 companies in the world to produce the entire range of spinning machinery, which comes under the textile machinery division.

⭐ Clientele

◾ Honda Motors

◾ Ashok Leyland

◾ Ashirvad Pipes

◾ L&T

◾ ABB

◾ Miranda Tools

◾ AMTEK and others

🧵 Defining Factors

🏭 Has 6 manufacturing units of which, two are for the textile machinery and foundry division and one each for the foundry and technology division.

🏢 Is into real estate activity in collaboration with Sobha Ltd. where they promote real estate residential projects in Coimbatore.

🚗 Customises existing machines for non-automotive sector applications, thus reducing dependence on the automotive sector. It has launched a customer relationship management solution to diversify its sectoral presence and increase its business volumes.

🔍 Have spent robustly on R&D, mainly focusing on developing technology for the production of innovative machinery and making products at an optimal cost.

🧵 Stock Value

On July 27, 2001, the shares of the company were trading at ₹51.5. It was trading at ₹11701.3 as of August 17, 2022.