Lakshmi Machine Works vs Azad Engineering vs Elgi Equipments: Which Stock Should You Track
- October 8, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Lakshmi Machine Works PE 103.63, mkt cap Rs 18,114 crore. Azad Engineering PE 135.15, mkt cap Rs 18,827 crore. Elgi Equipments PE 42.18, mkt cap Rs 18,888 crore.
Quick Answer
Lakshmi Machine Works vs Azad Engineering vs Elgi Equipments is a side-by-side comparison of three companies from the Industrial Machinery space. On this comparison, Lakshmi Machine Works carries a market capitalisation of about Rs 18,114 crore against Rs 18,827 crore for Azad Engineering and Rs 18,888 crore for Elgi Equipments, with return on equity of 4.56%, 8.69% and 19.28% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Lakshmi Machine Works vs Azad Engineering vs Elgi Equipments starts with the core numbers most investors compare within the Industrial Machinery segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of October 2026 and will shift with daily price moves.
All three names sit in the Industrial Machinery bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
Click Here – Get Free Investment Predictions
Lakshmi Machine Works, Azad Engineering and Elgi Equipments: Company Overview
Lakshmi Machine Works is a listed Indian company in the Industrial Machinery space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Azad Engineering is a listed Indian company in the Industrial Machinery space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Elgi Equipments is a listed Indian company in the Industrial Machinery space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Lakshmi Machine Works vs Azad Engineering vs Elgi Equipments: Valuation and Profitability Snapshot
| Metric | Lakshmi Machine Works | Azad Engineering | Elgi Equipments |
|---|---|---|---|
| Market Cap (approx.) | Rs 18,114 crore | Rs 18,827 crore | Rs 18,888 crore |
| PE Ratio (TTM) | 103.63 | 135.15 | 42.18 |
| PB Ratio | 6.32 | 12.31 | 8.46 |
| Return on Equity (ROE) | 4.56% | 8.69% | 19.28% |
| EPS (TTM, Rs) | 163.62 | 21.57 | 14.13 |
| Dividend Yield | 0.21% | 0.00% | 0.45% |
| Debt to Equity | 0.00 | 0.31 | 0.24 |
| Book Value per Share (Rs) | 2683.26 | 236.74 | 70.43 |
Check the Univest Screener for Live Data
On valuation, Lakshmi Machine Works trades at a PE of 103.63 and a PB of 6.32, Azad Engineering at a PE of 135.15 and a PB of 12.31, while Elgi Equipments trades at a PE of 42.18 and a PB of 8.46. On return on equity, the three post 4.56%, 8.69% and 19.28% respectively, and on dividend yield they stand at 0.21%, 0.00% and 0.45%.
Lakshmi Machine Works vs Azad Engineering vs Elgi Equipments: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Lakshmi Machine Works | Rs 901.73 crore | Rs 55.52 crore | +23.4% | -7.2% |
| Azad Engineering | Rs 176.15 crore | Rs 35.16 crore | +20.8% | -1.1% |
| Elgi Equipments | Rs 1,082.60 crore | Rs 103.30 crore | +22.1% | -4.6% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter.
Download the Univest iOS App or Univest Android App to track Lakshmi Machine Works, Azad Engineering and Elgi Equipments live prices.
What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three industrial machinery names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Lakshmi Machine Works vs Azad Engineering vs Elgi Equipments highlights how differently three companies in the same industrial machinery segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of October 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Lakshmi Machine Works vs Azad Engineering vs Elgi Equipments
What is the market cap difference between Lakshmi Machine Works, Azad Engineering and Elgi Equipments?
Ans. As of October 2026, Lakshmi Machine Works has a market cap of approximately Rs 18,114 crore, Azad Engineering is at approximately Rs 18,827 crore, and Elgi Equipments is at approximately Rs 18,888 crore.
Which of the three has the highest PE ratio?
Ans. Among Lakshmi Machine Works, Azad Engineering and Elgi Equipments, the PE ratios stand at 103.63, 135.15 and 42.18 respectively as of October 2026.
Which of the three has the highest ROE?
Ans. Lakshmi Machine Works, Azad Engineering and Elgi Equipments post ROE of 4.56%, 8.69% and 19.28% respectively as of October 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Lakshmi Machine Works, Azad Engineering and Elgi Equipments carry dividend yields of 0.21%, 0.00% and 0.45% respectively.
What is the debt to equity ratio for Lakshmi Machine Works, Azad Engineering and Elgi Equipments?
Ans. Lakshmi Machine Works carries a debt to equity of 0.00, Azad Engineering of 0.31, and Elgi Equipments of 0.24.
Which of the three trades at the highest price to book value?
Ans. Lakshmi Machine Works, Azad Engineering and Elgi Equipments trade at price to book ratios of 6.32, 12.31 and 8.46 respectively.
Is one of Lakshmi Machine Works, Azad Engineering or Elgi Equipments better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
