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Swing Capital

Lokesh Machines Ltd

NSE: LOKESHMACH BSE: 532740

Incorporated in 1983, Lokesh Machines manufactures Special Purpose Machines, General Purpose Machines /CNC Lathes, Connecting Rods and machining of Cylinder Blocks and Heads[1]

₹242
52W: ₹138 — ₹287
PE 279 · Book ₹113 · +114% vs book
Market Cap₹515 Cr
Stock P/E279Price to Earnings
ROCE4.87%Return on Capital
ROE0.26%Return on Equity
Div. Yield0%Face Value ₹10

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Company has low interest coverage ratio.
  • −Company has a low return on equity of 4.30% over last 3 years.

Shareholding Pattern

Promoters53.6%
FIIs0%
DIIs0%
Public46.4%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters50.76%50.76%51.75%▲1.052.19%▲0.453.16%▲1.053.6%▲0.453.6%53.6%
FIIs0.21%0.2%▼0.00%▼0.20%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%
Public49.04%49.06%▲0.048.27%▼0.847.81%▼0.546.83%▼1.046.41%▼0.446.4%▼0.046.4%

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales76.4286.4980.3462.5375.3251.7938.6948.0550.4350.73
Expenses66.6173.5568.4954.4963.1850.8131.3739.4440.8241.21
Operating Profit9.8112.9411.858.0412.140.987.328.619.619.52
OPM %12.84%14.96%14.75%12.86%16.12%1.89%18.92%17.92%19.06%18.77%
Net Profit3.295.114.691.033.45-4.10.130.460.630.63
EPS ₹1.842.862.540.561.87-2.140.070.230.320.32

AI Insights

Revenue Trend

TTM revenue at ₹188Cr, down 17.5% YoY. OPM at 19%.

Debt Position

Borrowings at ₹161Cr. Debt-to-equity ratio: 0.78x. Moderate leverage.

Capex Cycle

CWIP at ₹7Cr (3% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (-0.49pp change). Promoters hold 53.6%.

Margin & Efficiency

ROCE declining from 9% (Mar 2014) to 5% (Mar 2025). Working capital days: 69.

Valuation

PE 279x with 4.87% ROCE. Price is 114% above book value of ₹113. Dividend yield: 0%.

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