Lakshmi Machine Works Limited operates within the Textile machinery sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Lakshmi Machine Works Limited with three other
textile machinery manufacturers in Asia:
sales of 37.70 billion Japanese Yen [US$343.05 million]
Shima Seiki Manufacturing Limited
(51.35 billion Japanese Yen [US$467.30 million]
of which 76%
was Flat Knitting Machine Business), and
Veejay Lakshmi Engineering Works Limited
(795.32 million Indian Rupees [US$11.25 million]
During the year ended March of 2019, sales at
Lakshmi Machine Works Limited were 27.12 billion Indian Rupees (US$383.44 million).
increase of 2.6%
versus 2018, when the company's sales were 26.43 billion Indian Rupees.
Sales of Machine Tool and Foundry Divisions saw an increase
that was more than double the company's growth rate: sales were up
37.3% in 2019, from
5.36 billion Indian Rupees to 7.36 billion Indian Rupees.
Not all segments of Lakshmi Machine Works Limited experienced an increase in sales in 2019:
sales of Advanced Technology fell 32.4% to 229.29 million Indian Rupees.
(However, this segment's sales were only a very small portion of the company's overall sales).
Lakshmi Machine Works Limited also experienced decreases in sales in
Textile Machinery Division (down 7.0% to 18.63 billion Indian Rupees)