LMW quarterly results and financials

LMW (LMW)₹17,472+1.95%(9 Nov 2026 close)Industrial Products

Key facts

In the Sep 2026 quarter (consolidated), LMW reported sales of ₹1,127 Cr, up 37.7% from Sep 2025, and net profit of ₹71.13 Cr, up 73.1% year on year. For the year to Mar 2026, sales were ₹3,198 Cr and net profit ₹131 Cr.

Sales (Sep 2026): ₹1,127 Cr
Net profit (Sep 2026): ₹71.13 Cr
Sales (FY Mar 2026): ₹3,198 Cr
Net profit (FY Mar 2026): ₹131 Cr
EPS (Sep 2026): ₹66.94
Borrowings (Mar 2026): ₹0 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

LMW quarterly results

₹ crore unless stated; each column is a quarter.

LMW Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	1,209	967	671	766	763	802	691	819	755	930	858	1,127
Expenses	1,099	899	662	739	732	747	681	780	719	864	798	1,031
Operating Profit	117	74.22	13.03	32.07	36.09	58.17	14.03	44.15	42.13	70.27	64.20	102
OPM %	9.9%	8.0%	2.0%	4.2%	4.7%	7.0%	2.0%	5.0%	5.0%	7.0%	7.0%	9.0%
Other Income	31.91	39.86	28.89	29.92	32.89	32.90	34.90	40.87	17.95	37.87	38.90	30.90
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	23.09	27.12	26.08	28.12	29.12	29.13	30.11	30.11	30.11	30.10	30.13	30.09
Profit before tax	125	87.03	15.99	33.99	39.98	60.96	20.01	54.95	30.01	77.93	71.99	103
Tax %	20.9%	23.9%	31.9%	27.9%	51.9%	21.9%	40.9%	25.0%	49.9%	17.9%	22.9%	30.9%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	−0.99	0.00	−5.98	0.00	−1.99	0.00
Net Profit	99.23	66.20	11.03	24.08	19.03	48.11	11.03	41.09	15.04	64.18	56.11	71.13
EPS (Rs)	92.81	62.02	10.35	22.97	18.12	44.89	10.78	38.45	13.77	59.88	52.12	66.94

LMW profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

LMW Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	2,852	2,492	2,634	2,704	1,568	1,722	3,159	4,703	4,678	3,004	3,198	3,671
Expenses	2,529	2,244	2,373	2,443	1,565	1,660	2,933	4,281	4,269	2,875	3,042	3,413
Operating Profit	339	260	277	275	11.03	71.27	248	452	436	142	171	279
OPM %	12.0%	9.9%	10.0%	10.0%	0.7%	4.1%	8.0%	10.0%	9.0%	4.7%	5.0%	7.6%
Other Income	87.69	83.70	103	64.82	91.69	55.85	50.84	147	142	122	132	126
Interest	1.01	0.00	1.01	1.01	1.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	88.29	80.36	76.30	55.18	55.23	56.22	60.20	78.32	96.41	113	120	120
Profit before tax	337	262	302	283	46.99	71.01	238	519	482	151	182	283
Tax %	32.9%	28.9%	28.9%	33.9%	40.9%	37.0%	23.9%	25.9%	21.9%	31.9%	27.9%	—
Exceptional items	−2.99	5.98	3.99	−16.95	1.99	−9.96	−11.96	27.91	19.93	2.99	16.94	−7.97
Net Profit	228	186	215	185	28.08	45.08	182	385	375	103	131	206
EPS (Rs)	202.42	170.69	196.67	174.24	26.09	41.87	170.00	361.00	351.24	96.32	122.90	192.71
Dividend payout %	20.0%	21.0%	20.0%	20.0%	38.0%	23.9%	24.0%	26.9%	20.9%	31.0%	28.9%	—

LMW balance sheet

₹ crore, at each year end.

LMW Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	10.97	10.96	10.96	10.96	10.97	10.97	10.97	10.97	10.96	10.96	10.97	10.97
Reserves	1,271	1,523	1,547	1,736	1,698	1,650	1,770	1,979	2,326	2,692	2,764	2,856
Borrowings	0.00	0.00	0.00	2.99	2.99	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	953	860	806	884	742	685	975	1,652	1,750	1,327	1,233	1,395
Total Liabilities	2,234	2,394	2,365	2,634	2,455	2,345	2,756	3,641	4,086	4,030	4,008	4,261
Fixed Assets	440	465	521	571	700	712	702	722	904	974	992	947
CWIP	6.01	8.01	6.02	21.05	12.02	30.05	11.02	6.01	24.07	9.01	4.01	1.01
Investments	63.97	87.93	61.03	82.98	124	136	286	448	508	641	702	706
Other Assets	1,726	1,834	1,777	1,959	1,618	1,468	1,757	2,466	2,649	2,406	2,310	2,607
Inventories	325	339	364	346	326	288	345	515	702	621	571	575
Trade receivables	206	235	190	246	192	107	177	321	232	130	176	279
Cash & equivalents	972	965	920	1,028	556	636	780	493	758	952	1,349	1,260
Total Assets	2,234	2,394	2,365	2,634	2,455	2,345	2,756	3,641	4,086	4,030	4,008	4,261

LMW cash flow

₹ crore, for each year.

LMW Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	131	80.80	137	211	98.82	73.88	157	484	363	141	28.95	177
Cash from investing activity	−54.11	−64.15	68.16	−23.05	29.06	−70.08	−144	−449	−243	−74.17	73.15	110
Cash from financing activity	−40.13	−52.21	−196	−44.17	−216	−49.17	−11.05	−11.04	−43.20	−105	−80.32	−32.12
Net cash flow	36.10	−35.14	9.03	145	−88.26	−45.13	2.01	26.07	79.31	−39.11	22.08	256
Capex	119	120	136	130	184	84.68	28.89	75.75	277	150	130	73.76
Free cash flow	15.01	−32.01	18.01	80.03	−72.99	−1.99	136	411	111	−9.01	−95.95	120
CFO / OP %	71.1%	57.0%	88.0%	107.0%	64.1%	926.0%	278.0%	222.1%	94.0%	60.0%	33.0%	143.1%

LMW ratios

Working-capital days and returns, by year.

LMW Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	29	29	27	33	25	24	37	36	17	9	20	31
Inventory days	79	70	86	79	75	113	121	95	86	77	114	107
Days payable	81	68	80	97	85	129	150	100	81	65	103	114
Cash conversion cycle	29	32	33	16	16	9	8	32	23	22	32	24
Working capital days	−15	−8	−3	−10	−5	−10	−23	−16	−16	−7	−9	−11
ROCE %	26.0%	23.9%	16.0%	18.0%	18.0%	2.0%	5.0%	14.0%	22.0%	18.0%	5.0%	6.0%

LMW: frequently asked questions

What are the latest quarterly results of LMW?

For the Sep 2026 quarter, LMW reported sales of ₹1,127 Cr, up 37.7% year on year and net profit of ₹71.13 Cr, up 73.1% year on year. The operating margin was 9.0%.

What is the annual revenue of LMW?

LMW's sales for the year to Mar 2026 were ₹3,198 Cr; over the last twelve months they were ₹3,671 Cr.

What is the net profit of LMW?

Net profit for the year to Mar 2026 was ₹131 Cr, and ₹206 Cr over the last twelve months. Earnings per share over the same trailing period were ₹192.71.

How much debt does LMW have?

LMW reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹1,260 Cr.

What is the free cash flow of LMW?

Cash from operations was ₹177 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹120 Cr.

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