Threading Its Way to Success: How Lakshmi Machine Works Turned ₹1L to ₹3.69 Cr
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.
◾ Honda Motors
◾ Ashok Leyland
◾ Ashirvad Pipes
◾ 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.