As of 6 Nov 2026, Lokesh Machines trades at 167.7× trailing earnings, above the industry P/E of 33.8×, and the shares are 24% below their 52-week high. Sales and net profit fell 4.6% and 26% a year over 3 years; its ROCE of 7.1% is the second-lowest among the 7 largest Specialty Industrial Machinery peers. Debt is 0.74× equity. It is a small-cap company with a market cap of ₹804 Cr, ranked 69th of 138 Specialty Industrial Machinery companies by market cap; the shares rose 107% over the past year.
- ₹387.60
- ₹387.85
- ₹363.00
- ₹387.60
- 43.7K
Health check
- ReturnsAhead
+106.7% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 167.7 vs industry 33.8.
- GrowthShrinking
Sales −4.6%, profit −26.4% a year over 3 years.
- ProfitabilityWeak
ROCE 7.1% vs peer median 24.8%.
- Balance sheetStretched
Debt 0.74× equity, interest covered 1.3×, Piotroski 4 of 9.
- Red flags4 to check
Return on equity is low at 1.8%.
Small cap
Defensive
Key metrics
- Market cap
- ₹804 Cr
- Small cap
- P/E
- 167.7
- Industry 33.8
- Price to book
- 3.22
- Peers 9.16
- Dividend yield
- 0.00%
- ROE
- 1.8%
- Peers 19.1%
- ROCE
- 7.1%
- Peers 24.8%
- Debt to equity
- 0.74
- Debt ₹169 Cr
- EPS (TTM)
- ₹2.20
- Face value ₹10
- OPM (TTM)
- 18.6%
- Net margin 2.0%
- Sales growth
- +15.4%
- Latest quarter vs a year ago
- Profit growth
- +121.8%
- Latest quarter vs a year ago
- Price to sales
- 3.72
- EV/EBITDA 24.1
Strengths and risks
Strengths
- Quarterly profit up 121.8% on a year ago.
- Quarterly sales up 15.4% on a year ago.
Risks to check
- Return on equity is low at 1.8%.
- P/E of 167.7 against an industry P/E of 33.8.
- Interest coverage of only 2.3×.
- Promoter stake down from 53.6% to 49.2%.
About Lokesh Machines
Lokesh Machines Limited manufactures and sells machine tools in India. The company operates through the Machines Division and Component Division segments. It offers CNC machines, including CNC turning centers, vertical and horizontal machining centers, drill and tap centers, turn mill centers, and vertical turning lathes. The company also provides special purpose machines, such as milling, drilling, and boring machines, finish cam and crank boring, finish…
- Headquarters
- Hyderabad
- Employees
- 545
- Sector
- Industrials
- ISIN
- INE397H01017
- Website
- lokeshmachines.com
Price range
- Avg volume (3M)
- 1.3 L
- 1-year return
- plus 106.7%
- From 52-week high
- minus 24.4%
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 86.1 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 19.1% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| LOKESHMACHLokesh Machines | 369.05 | minus 4.79% | 804 | 167.7 | 24.8 | 7.1% | 18.6% | 0.74 | −4.6% | plus 106.7% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 50.6 | 56.6 | 24.8% | 16.7% | 0.02 | 15.4% | 10.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 48 | 50.4 | 50.7 | 59.4 | 55.5 | |
| 39.4 | 40.8 | 41.2 | 47.9 | 45.9 | |
| 8.6 | 9.6 | 9.5 | 11.4 | 9.6 | |
| 17.9% | 19.1% | 18.8% | 19.3% | 17.3% | |
| 0.3 | 0.2 | 0.2 | −0.8 | 0.3 | |
| 4.4 | 5 | 4.8 | 3 | 4.6 | |
| 3.8 | 3.9 | 4 | 3.9 | 3.9 | |
| – | – | – | −0.9 | – | |
| 0.7 | 0.9 | 0.9 | 2.8 | 1.4 | |
| 36.6% | 29.9% | 33.1% | 22.0% | 28.5% | |
| 0.5 | 0.6 | 0.6 | 2.2 | 1 | |
| 0.23 | 0.31 | 0.31 | – | 0.49 |
Profit & loss
- Sales CAGR 3Y
- −4.6%
- Profit CAGR 3Y
- −26.4%
- EPS CAGR 3Y
- −28.8%
- ROE
- 1.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 240 | 294 | 228 | 209 | |
| – | +22.2% | minus 22.2% | minus 8.7% | |
| 211 | 252 | 199 | 169 | |
| 29.5 | 41.2 | 29.3 | 39.2 | |
| 12.3% | 14.0% | 12.8% | 18.8% | |
| 2.8 | 0.2 | 0.1 | −0.2 | |
| 9.5 | 10 | 14 | 17.1 | |
| 9.1 | 10 | 13.9 | 15.6 | |
| 0.8 | −0.8 | −0.6 | −0.9 | |
| 14.5 | 20.6 | 0.9 | 5.3 | |
| 33.3% | 32.6% | 39.7% | 27.3% | |
| 9.7 | 13.8 | 0.5 | 3.9 | |
| – | +43.2% | minus 96.1% | +619.4% | |
| 5.41 | 7.68 | 0.28 | 1.95 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17.9 | 18.5 | 19.4 | 20 | |
| 141 | 177 | 193 | 208 | |
| 88.1 | 118 | 134 | 169 | |
| 79.3 | 76.5 | 81.3 | 98.2 | |
| 326 | 391 | 428 | 496 | |
| 146 | 199 | 219 | 223 | |
| 23.9 | 28.3 | 15.4 | 20.1 | |
| 1.4 | 1.3 | 1.5 | 1.5 | |
| 0.2 | 0.2 | 0.4 | 0.9 | |
| 155 | 162 | 192 | 251 | |
| 326 | 391 | 428 | 496 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 31.6 | 17.4 | 20.9 | −13.4 | |
| −22 | −59.6 | −37 | −15.7 | |
| −9.6 | 42.1 | 16.1 | 29.1 | |
| 0 | −0 | −0 | 0 | |
| −23.6 | −59.1 | −37.3 | −15.9 | |
| 8.1 | −41.7 | −16.4 | −29.3 | |
| −0 | −0 | – | – |
Shareholding pattern
- Promoters49.17%
- Public50.83%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 49.17% | 50.83% | 0.00 | |
| 11 Jul 2026 | 49.17% | 50.83% | minus 1.16 | |
| 30 Jun 2026 | 50.33% | 49.67% | 0.00 | |
| 6 May 2026 | 50.33% | 49.67% | minus 3.27 | |
| 31 Mar 2026 | 53.60% | 46.40% | – |
Major shareholders
Filings & events
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