{"id":256508,"date":"2026-09-18T12:14:11","date_gmt":"2026-09-18T06:44:11","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=256508"},"modified":"2026-09-18T12:14:11","modified_gmt":"2026-09-18T06:44:11","slug":"textile-machinery-stock-rises-18-percent-in-1-year","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/","title":{"rendered":"This Textile Machinery Stock Rises 18% in 1 Year: A Cash Pile, A New Name and Two New Engines"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>LMW at Rs 18,182 on 18 September 2026 versus Rs 15,353 a year earlier, up 18.43%. 52W range Rs 11,920 to Rs 20,151. Market cap Rs 19,425 Cr. Order book Rs 3,200 Cr. PE 111.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">LMW Ltd, formerly Lakshmi Machine Works, is the textile machinery stock behind a one-year return of approximately 18%. The gain came from a Q1 FY27 profit that jumped close to five times, an order book of about Rs 3,200 crore and two non-textile divisions that now carry the earnings. The catch is a trailing PE near 111 and a core business running below two-thirds capacity.<\/p>\n<\/div>\n<p>This textile machinery stock returned approximately 18% over the past year, an odd result given that its core division spent most of that period below two-thirds capacity. It closed at Rs 15,353 on 18 September 2025 and Rs 18,182 on 18 September 2026, a close-to-close gain of 18.43%.<\/p>\n<p>The company is <strong><a href='https:\/\/univest.in\/stocks\/lmw\/lmw-ltd-share-price-today'>LMW Ltd<\/a><\/strong> (NSE: LMW), the Coimbatore maker of spinning machinery, CNC machine tools and aerospace components, called Lakshmi Machine Works until October 2024. The LMW share price sank to Rs 11,920 on 30 March 2026, hit a record Rs 20,151 on 17 August 2026, then gave back close to 10%.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href='https:\/\/univest.in\/user\/log-in'>Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#How_Has_This_Textile_Machinery_Stock_Performed_Across_Periods\" title=\"How Has This Textile Machinery Stock Performed Across Periods?\">How Has This Textile Machinery Stock Performed Across Periods?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#Why_Did_This_Textile_Machinery_Stock_Rise_18_in_1_Year\" title=\"Why Did This Textile Machinery Stock Rise 18% in 1 Year?\">Why Did This Textile Machinery Stock Rise 18% in 1 Year?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#1_Q1_FY27_Results_Re-Rated_the_Textile_Machinery_Stock_on_31_July_2026\" title=\"1. Q1 FY27 Results Re-Rated the Textile Machinery Stock on 31 July 2026\">1. Q1 FY27 Results Re-Rated the Textile Machinery Stock on 31 July 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#2_The_Textile_Machinery_Stock_Order_Book_Reached_Rs_3200_Crore\" title=\"2. The Textile Machinery Stock Order Book Reached Rs 3,200 Crore\">2. The Textile Machinery Stock Order Book Reached Rs 3,200 Crore<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#3_Machine_Tools_and_Aerospace_Became_the_Profit_Engines\" title=\"3. Machine Tools and Aerospace Became the Profit Engines\">3. Machine Tools and Aerospace Became the Profit Engines<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#4_FY26_Results_Confirmed_the_Turn_in_the_Textile_Machinery_Stock\" title=\"4. FY26 Results Confirmed the Turn in the Textile Machinery Stock\">4. FY26 Results Confirmed the Turn in the Textile Machinery Stock<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#Quarterly_Financials_Behind_the_Textile_Machinery_Stock\" title=\"Quarterly Financials Behind the Textile Machinery Stock\">Quarterly Financials Behind the Textile Machinery Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#The_Cash_Pile_Propping_Up_This_Textile_Machinery_Stock\" title=\"The Cash Pile Propping Up This Textile Machinery Stock\">The Cash Pile Propping Up This Textile Machinery Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#From_Lakshmi_Machine_Works_to_LMW_What_the_Renaming_Changed\" title=\"From Lakshmi Machine Works to LMW: What the Renaming Changed\">From Lakshmi Machine Works to LMW: What the Renaming Changed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#Shareholding_Trend_in_This_Textile_Machinery_Stock\" title=\"Shareholding Trend in This Textile Machinery Stock\">Shareholding Trend in This Textile Machinery Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#Key_Risks_in_This_Textile_Machinery_Stock\" title=\"Key Risks in This Textile Machinery Stock\">Key Risks in This Textile Machinery Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#LMW_Share_Analyst_View\" title=\"LMW Share: Analyst View\">LMW Share: Analyst View<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#LMW_Share_Price_Target_What_the_Levels_Say\" title=\"LMW Share Price Target: What the Levels Say\">LMW Share Price Target: What the Levels Say<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#Other_Stocks_to_Track_From_the_Same_Return_Screen\" title=\"Other Stocks to Track From the Same Return Screen\">Other Stocks to Track From the Same Return Screen<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#Which_textile_machinery_stock_rose_18_in_1_year\" title=\"Which textile machinery stock rose 18% in 1 year?\">Which textile machinery stock rose 18% in 1 year?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#Why_did_the_LMW_share_price_rise_over_the_past_year\" title=\"Why did the LMW share price rise over the past year?\">Why did the LMW share price rise over the past year?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#What_were_LMW_Q1_FY27_results\" title=\"What were LMW Q1 FY27 results?\">What were LMW Q1 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#Is_this_textile_machinery_stock_expensive_at_current_levels\" title=\"Is this textile machinery stock expensive at current levels?\">Is this textile machinery stock expensive at current levels?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#What_is_the_52-week_high_and_low_of_the_LMW_share_price\" title=\"What is the 52-week high and low of the LMW share price?\">What is the 52-week high and low of the LMW share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#Have_FIIs_increased_their_stake_in_LMW\" title=\"Have FIIs increased their stake in LMW?\">Have FIIs increased their stake in LMW?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#What_is_the_LMW_share_price_target_for_2026\" title=\"What is the LMW share price target for 2026?\">What is the LMW share price target for 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/textile-machinery-stock-rises-18-percent-in-1-year\/#How_much_cash_does_LMW_hold_and_why_does_it_matter\" title=\"How much cash does LMW hold and why does it matter?\">How much cash does LMW hold and why does it matter?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_Has_This_Textile_Machinery_Stock_Performed_Across_Periods\"><\/span><strong>How Has This Textile Machinery Stock Performed Across Periods?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The verified one-year price return is 18.43%, from Rs 15,353 to Rs 18,182. That places this textile machinery stock among the steadier names on a screen of NSE small-cap stocks ranked by 1-year return, dated 18 September 2026.<\/p>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>From<\/th>\n<th>To<\/th>\n<th>Price Return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1 Month<\/td>\n<td>Rs 19,748 (18 Aug 2026)<\/td>\n<td>Rs 18,182<\/td>\n<td>Down 7.9%<\/td>\n<\/tr>\n<tr>\n<td>3 Months<\/td>\n<td>Rs 16,720 (18 Jun 2026)<\/td>\n<td>Rs 18,182<\/td>\n<td>Up 8.7%<\/td>\n<\/tr>\n<tr>\n<td>6 Months<\/td>\n<td>Rs 14,396 (18 Mar 2026)<\/td>\n<td>Rs 18,182<\/td>\n<td>Up 26.3%<\/td>\n<\/tr>\n<tr>\n<td>1 Year<\/td>\n<td>Rs 15,353 (18 Sep 2025)<\/td>\n<td>Rs 18,182<\/td>\n<td>Up 18.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Almost the entire gain came between April and August 2026, and part of it is gone. No split or bonus fell in the window, so this textile machinery stock rose on genuine price appreciation. The Rs 35 FY26 dividend is excluded.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Did_This_Textile_Machinery_Stock_Rise_18_in_1_Year\"><\/span><strong>Why Did This Textile Machinery Stock Rise 18% in 1 Year?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Four dated events explain this textile machinery stock, and none is a recovery in the spinning capex cycle: a Q1 FY27 profit up close to five times, an order book that stopped shrinking, two non-textile divisions turning into profit engines, and the FY26 result.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Q1_FY27_Results_Re-Rated_the_Textile_Machinery_Stock_on_31_July_2026\"><\/span><strong>1. Q1 FY27 Results Re-Rated the Textile Machinery Stock on 31 July 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>LMW reported on 31 July 2026. Consolidated revenue was Rs 901.73 crore against Rs 730.74 crore a year earlier, and net profit rose to Rs 55.52 crore from Rs 11.47 crore, close to five times.<\/p>\n<p>Standalone profit before tax jumped 151% to about Rs 85 crore, taking that margin to roughly 9.5% from 4.7%, while consolidated operating margin improved to 11.87% from 7.07%. That re-rated the LMW share price, because it showed operating gearing working again in a textile machinery stock that had lost it.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_The_Textile_Machinery_Stock_Order_Book_Reached_Rs_3200_Crore\"><\/span><strong>2. The Textile Machinery Stock Order Book Reached Rs 3,200 Crore<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The order book was about Rs 3,200 crore at the end of Q1 FY27, roughly Rs 2,400 crore of it active, against Rs 2,600 crore and Rs 1,500 crore in February 2026. The direction changed over two quarters for this textile machinery stock.<\/p>\n<p>Division utilisation, the key operating number, sat below 50% in the December 2025 quarter, when the plant ran a five-day week. By June 2026 it was near 60%. Indian spinning mills ran at 90% to 95%, keeping spares demand alive while new machine orders stayed slow.<\/p>\n<p>In the June 2026 quarter, domestic sales were 64% of textile machinery revenue, exports 10% and spares 26%. Spares carry better margins and need no fresh spinning capex, so they cushioned this textile machinery stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Machine_Tools_and_Aerospace_Became_the_Profit_Engines\"><\/span><strong>3. Machine Tools and Aerospace Became the Profit Engines<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In FY26 the textile machinery division posted a segment loss of about Rs 16.32 crore. Machine Tool and Foundry revenue rose 20.1% with profit up 63.9%, and the Advanced Technology Centre grew revenue 22.2% and profit 69.3%. The core of this textile machinery stock no longer pays the bills.<\/p>\n<p>In the June 2026 quarter, textile machinery contributed Rs 482 crore, up about 16%, Machine Tool and Foundry Rs 343 crore against Rs 251 crore, and the Advanced Technology Centre, making aerospace components with roughly 90% export sales, Rs 60 crore.<\/p>\n<p>Its order book has crossed about Rs 1,000 crore for execution over three to three and a half years, against roughly Rs 360 crore in February 2026, with Rs 150 crore committed for a new facility. Multi-year aerospace visibility is a rare asset for a textile machinery stock, and the market priced it that way.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_FY26_Results_Confirmed_the_Turn_in_the_Textile_Machinery_Stock\"><\/span><strong>4. FY26 Results Confirmed the Turn in the Textile Machinery Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Reported on 20 May 2026, FY26 consolidated revenue was Rs 3,353 crore against Rs 3,137 crore, net profit up about 27% to Rs 130.73 crore, diluted EPS Rs 122.37. The board declared Rs 35 per share and put USD 30 million into its Dubai holding entity.<\/p>\n<p>Scale matters. FY24 revenue was Rs 4,839 crore and net profit Rs 373.66 crore. This textile machinery stock has won back only part of that, which is why its trailing valuation looks stretched.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Quarterly_Financials_Behind_the_Textile_Machinery_Stock\"><\/span><strong>Quarterly Financials Behind the Textile Machinery Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Margins improved step by step rather than in one spike, the more durable pattern for a textile machinery stock leaving a downcycle.<\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>EBITDA (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>Operating Margin<\/th>\n<th>Diluted EPS (Rs)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Jun 2025<\/td>\n<td>730.74<\/td>\n<td>50.35<\/td>\n<td>11.47<\/td>\n<td>7.07%<\/td>\n<td>10.74<\/td>\n<\/tr>\n<tr>\n<td>Sep 2025<\/td>\n<td>862.91<\/td>\n<td>85.08<\/td>\n<td>40.92<\/td>\n<td>10.35%<\/td>\n<td>38.30<\/td>\n<\/tr>\n<tr>\n<td>Dec 2025<\/td>\n<td>787.90<\/td>\n<td>71.31<\/td>\n<td>14.66<\/td>\n<td>7.89%<\/td>\n<td>13.72<\/td>\n<\/tr>\n<tr>\n<td>Mar 2026<\/td>\n<td>971.81<\/td>\n<td>108.44<\/td>\n<td>63.69<\/td>\n<td>11.58%<\/td>\n<td>59.62<\/td>\n<\/tr>\n<tr>\n<td>Jun 2026<\/td>\n<td>901.73<\/td>\n<td>104.58<\/td>\n<td>55.52<\/td>\n<td>11.87%<\/td>\n<td>51.97<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Trailing twelve month EPS is Rs 163.62. Against Rs 18,182, this textile machinery stock trades on a PE near 111 versus an industry PE around 52, a price to book of approximately 6.8 and a market cap of Rs 19,425 crore.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href='https:\/\/univest.in\/screeners'>Check the Univest Screener for Live Fundamentals of High-Return Stocks<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Cash_Pile_Propping_Up_This_Textile_Machinery_Stock\"><\/span><strong>The Cash Pile Propping Up This Textile Machinery Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This textile machinery stock held approximately Rs 1,264 crore in cash and bank balances as of March 2026, with debt to equity of zero. Total equity was Rs 2,866.52 crore against total assets of Rs 4,262.03 crore, and net change in cash in FY26 was Rs 254.79 crore.<\/p>\n<p>That cash is a cushion and a warning about earnings quality at once. Other income contributed Rs 38.65 crore in the March 2026 quarter, about 49% of profit before tax, and runs near Rs 136 crore a year. A large slice of this textile machinery stock&#8217;s profit is treasury income.<\/p>\n<p>Operating cash flow was Rs 177.41 crore in FY26 against capex of Rs 73.75 crore. Return on equity in this textile machinery stock is 4.56%, what idle cash plus a loss-making core division produces.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"From_Lakshmi_Machine_Works_to_LMW_What_the_Renaming_Changed\"><\/span><strong>From Lakshmi Machine Works to LMW: What the Renaming Changed<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The board approved the change from Lakshmi Machine Works Limited to LMW Limited on 27 May 2024, and the symbol moved from LAXMIMACH to LMW on 10 October 2024. Older charts can break there, so anyone comparing multi-year returns on this textile machinery stock should check the history is stitched across the change.<\/p>\n<p>The rename was not cosmetic in intent: dropping the word that tied the listed name to spinning matched the shift in where profit comes from. It changed nothing in the shareholding or capital structure.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Shareholding_Trend_in_This_Textile_Machinery_Stock\"><\/span><strong>Shareholding Trend in This Textile Machinery Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Promoter holding has been static at 30.80% for five quarters with no pledging disclosed, while institutional interest in this textile machinery stock drifted down through the rally.<\/p>\n<table>\n<thead>\n<tr>\n<th>Shareholder<\/th>\n<th>Jun 2025<\/th>\n<th>Sep 2025<\/th>\n<th>Dec 2025<\/th>\n<th>Mar 2026<\/th>\n<th>Jun 2026<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Promoters<\/td>\n<td>30.80%<\/td>\n<td>30.80%<\/td>\n<td>30.80%<\/td>\n<td>30.80%<\/td>\n<td>30.80%<\/td>\n<\/tr>\n<tr>\n<td>FIIs<\/td>\n<td>5.81%<\/td>\n<td>5.53%<\/td>\n<td>5.47%<\/td>\n<td>5.54%<\/td>\n<td>5.45%<\/td>\n<\/tr>\n<tr>\n<td>DIIs<\/td>\n<td>9.86%<\/td>\n<td>9.79%<\/td>\n<td>9.78%<\/td>\n<td>9.56%<\/td>\n<td>9.51%<\/td>\n<\/tr>\n<tr>\n<td>Public and others<\/td>\n<td>53.53%<\/td>\n<td>53.88%<\/td>\n<td>53.95%<\/td>\n<td>54.10%<\/td>\n<td>54.24%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Foreign institutions slipped from 5.81% to 5.45% and domestic institutions from 9.86% to 9.51%, while public holding rose to 54.24%. This textile machinery stock was carried up more by retail buyers than by large funds. The promoter group is a web of Lakshmi entities led by Lakshmi Cargo Company at 10.08%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_in_This_Textile_Machinery_Stock\"><\/span><strong>Key Risks in This Textile Machinery Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>The spinning capex cycle:<\/strong> New machine orders need Indian mills to add spindles, which turns on cotton prices, yarn spreads and state subsidy schemes. If mills defer capex again, the order book behind this textile machinery stock stops growing.<\/p>\n<p><strong>Valuation with no cushion:<\/strong> A PE near 111 against an industry PE around 52 and return on equity of 4.56% leave this textile machinery stock little room for disappointment. FY24 profit of Rs 373.66 crore is still nearly three times FY26.<\/p>\n<p><strong>Loss-making overseas arms:<\/strong> The overseas units of this textile machinery stock are bleeding. LMW Global turned over Rs 51 crore with a Rs 5.6 crore loss in Q1 FY27, and the China subsidiary lost Rs 7 crore on Rs 11 crore of turnover.<\/p>\n<p><strong>Input costs and currency:<\/strong> Management flagged a 3% to 3.5% rise in input costs, partly from currency depreciation, offset by domestic sourcing and price increases. This textile machinery stock competes with imported equipment, so passing costs on is not automatic.<\/p>\n<p><strong>Liquidity and volatility:<\/strong> Volumes often run in the low thousands of shares a session and one share costs over Rs 18,000. The price fell from Rs 20,151 on 17 August 2026 to Rs 17,103 on 15 September 2026, about 15% in a month. Holders of this textile machinery stock should expect swings of that size.<\/p>\n<p style=\"margin-top:24px;\"><strong>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the LMW share price live<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"LMW_Share_Analyst_View\"><\/span><strong>LMW Share: Analyst View<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>No verified brokerage target is available in the public domain for the LMW share, and no dated target from a named research house could be confirmed. Any LMW share price target circulating without a research note behind it deserves caution.<\/p>\n<p>Analyst attention has shifted away from spinning. The Q1 FY27 call centred on how fast the aerospace order book converts, whether machine tool utilisation of 75% to 80% can go higher, and when the textile division returns to segment profit. Pricing in this textile machinery stock reflects the first two, not the third.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"LMW_Share_Price_Target_What_the_Levels_Say\"><\/span><strong>LMW Share Price Target: What the Levels Say<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Without a verified LMW share price target, the 52-week range is the honest reference. The record high of Rs 20,151 is roughly 11% above the LMW share price of Rs 18,182; the low of Rs 11,920 is about 34% below.<\/p>\n<p>Build an LMW share price target from earnings instead of borrowing one. If the June 2026 run rate of Rs 55.52 crore holds for four quarters, annualised EPS is near Rs 208, putting this textile machinery stock on roughly 87 times, still rich at 4.56% return on equity.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Other_Stocks_to_Track_From_the_Same_Return_Screen\"><\/span><strong>Other Stocks to Track From the Same Return Screen<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Beyond this textile machinery stock, a screen of NSE small-cap stocks ranked by 1-year return also includes related names such as <a href=\"https:\/\/univest.in\/stocks\/star\/strides-pharma-science-ltd-share-price-today\">Strides Pharma<\/a> with a 1-year return of 35.71%, <a href=\"https:\/\/univest.in\/stocks\/orchpharma\/orchid-pharma-ltd-share-price-today\">Orchid Pharma<\/a> at 34.60% and <a href=\"https:\/\/univest.in\/stocks\/iifl\/iifl-finance-ltd-share-price-today\">IIFL Finance<\/a> at 34.57%.<\/p>\n<p>Among the names covered from that screen, <a href=\"https:\/\/univest.in\/stocks\/mtartech\/mtar-technologies-ltd-share-price-today\">MTAR Technologies<\/a> returned 396.53% over one year. Readers can compare this textile machinery stock with the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> benchmark and track each of these names on Univest before making any decision.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The 18% gain in this textile machinery stock was earned by the divisions the company was not famous for. Machine tools, foundry and aerospace grew profit through FY26 while spinning lost money at the segment level, and the 31 July 2026 result turned that shift into a near five-fold profit jump.<\/p>\n<p>The counterweights are plain: a PE above 100, return on equity below 5%, treasury income propping up the bottom line and an order book that needs Indian mills to spend. Holders of the LMW share do have a debt-free balance sheet and Rs 1,264 crore of cash. Anyone weighing fresh entry into this textile machinery stock would do well to wait for utilisation to cross 70% and to consult a SEBI-registered adviser first.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information and may or may not be accurate. Please verify all data independently before making any investment decision. Past returns do not guarantee future returns. 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).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_textile_machinery_stock_rose_18_in_1_year\"><\/span><strong>Which textile machinery stock rose 18% in 1 year?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> LMW Ltd (NSE: LMW) is the textile machinery stock that gained approximately 18.43% in one year, from Rs 15,353 on 18 September 2025 to Rs 18,182 on 18 September 2026. It traded as Lakshmi Machine Works until its symbol changed in October 2024.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_LMW_share_price_rise_over_the_past_year\"><\/span><strong>Why did the LMW share price rise over the past year?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main trigger was the Q1 FY27 result on 31 July 2026, when consolidated net profit rose to Rs 55.52 crore from Rs 11.47 crore. Support came from an order book of about Rs 3,200 crore and from machine tools and aerospace, which grew profit while spinning did not.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_LMW_Q1_FY27_results\"><\/span><strong>What were LMW Q1 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Consolidated revenue was Rs 901.73 crore in the June 2026 quarter against Rs 730.74 crore, with net profit of Rs 55.52 crore versus Rs 11.47 crore. Operating margin improved to 11.87% from 7.07% and standalone PBT rose 151% to about Rs 85 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_textile_machinery_stock_expensive_at_current_levels\"><\/span><strong>Is this textile machinery stock expensive at current levels?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> On trailing numbers, yes. The PE is approximately 111 against an industry PE near 52, price to book about 6.8 and return on equity 4.56%. FY24 profit of Rs 373.66 crore is still nearly three times FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_52-week_high_and_low_of_the_LMW_share_price\"><\/span><strong>What is the 52-week high and low of the LMW share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The 52-week high is Rs 20,151, set on 17 August 2026, and the low Rs 11,920 on 30 March 2026. The price was Rs 18,182 on 18 September 2026, about 11% below the high and 53% above the low.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Have_FIIs_increased_their_stake_in_LMW\"><\/span><strong>Have FIIs increased their stake in LMW?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. Foreign institutional holding eased from 5.81% in June 2025 to 5.45% in June 2026, and domestic institutions from 9.86% to 9.51%. Promoter holding stayed at 30.80% while public holding rose to 54.24%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_LMW_share_price_target_for_2026\"><\/span><strong>What is the LMW share price target for 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No verified brokerage target from a dated research note could be confirmed, so no number should be quoted as one. Using the 52-week range instead, the high of Rs 20,151 sits about 11% above the price and the low about 34% below.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_cash_does_LMW_hold_and_why_does_it_matter\"><\/span><strong>How much cash does LMW hold and why does it matter?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> LMW held approximately Rs 1,264 crore in cash and bank balances as of March 2026, with debt to equity of zero. It cuts both ways: the cash removes balance sheet risk, but other income near Rs 136 crore a year is a large slice of profit.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which textile machinery stock rose 18% in 1 year?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"LMW Ltd (NSE: LMW) is the textile machinery stock that gained approximately 18.43% in one year, from Rs 15,353 on 18 September 2025 to Rs 18,182 on 18 September 2026. It traded as Lakshmi Machine Works until its symbol changed in October 2024.\"}},{\"@type\":\"Question\",\"name\":\"Why did the LMW share price rise over the past year?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main trigger was the Q1 FY27 result on 31 July 2026, when consolidated net profit rose to Rs 55.52 crore from Rs 11.47 crore. Support came from an order book of about Rs 3,200 crore and from machine tools and aerospace, which grew profit while spinning did not.\"}},{\"@type\":\"Question\",\"name\":\"What were LMW Q1 FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Consolidated revenue was Rs 901.73 crore in the June 2026 quarter against Rs 730.74 crore, with net profit of Rs 55.52 crore versus Rs 11.47 crore. Operating margin improved to 11.87% from 7.07% and standalone PBT rose 151% to about Rs 85 crore.\"}},{\"@type\":\"Question\",\"name\":\"Is this textile machinery stock expensive at current levels?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"On trailing numbers, yes. The PE is approximately 111 against an industry PE near 52, price to book about 6.8 and return on equity 4.56%. FY24 profit of Rs 373.66 crore is still nearly three times FY26.\"}},{\"@type\":\"Question\",\"name\":\"What is the 52-week high and low of the LMW share price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The 52-week high is Rs 20,151, set on 17 August 2026, and the low Rs 11,920 on 30 March 2026. The price was Rs 18,182 on 18 September 2026, about 11% below the high and 53% above the low.\"}},{\"@type\":\"Question\",\"name\":\"Have FIIs increased their stake in LMW?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. Foreign institutional holding eased from 5.81% in June 2025 to 5.45% in June 2026, and domestic institutions from 9.86% to 9.51%. Promoter holding stayed at 30.80% while public holding rose to 54.24%.\"}},{\"@type\":\"Question\",\"name\":\"What is the LMW share price target for 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No verified brokerage target from a dated research note could be confirmed, so no number should be quoted as one. Using the 52-week range instead, the high of Rs 20,151 sits about 11% above the price and the low about 34% below.\"}},{\"@type\":\"Question\",\"name\":\"How much cash does LMW hold and why does it matter?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"LMW held approximately Rs 1,264 crore in cash and bank balances as of March 2026, with debt to equity of zero. It cuts both ways: the cash removes balance sheet risk, but other income near Rs 136 crore a year is a large slice of profit.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A Coimbatore engineering share gained approximately 18% in a year while its core spinning business ran at little more than half capacity. Here is what moved the price, and what could stall it.<\/p>\n","protected":false},"author":29,"featured_media":256505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[6167,5445,6161,6162,6163,6166,6165,6164],"class_list":["post-256508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-advanced-technology-centre","tag-high-return-stocks","tag-lmw","tag-lmw-share-price","tag-lmw-share-price-target","tag-machine-tool-division","tag-spinning-machinery-order-book","tag-textile-machinery-stock"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["256505"],"rank_math_title":["Textile Machinery Stock Up 18% in 1 Year: What Drove It"],"rank_math_description":["This textile machinery stock rose approximately 18% in 1 year, from Rs 15,353 to Rs 18,182. See the order book, the cash pile, the segment shift and the real risks."],"rank_math_focus_keyword":["textile machinery stock"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/textile-machinery-stock-rises-18-percent-in-1-year.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/256508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=256508"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/256508\/revisions"}],"predecessor-version":[{"id":256509,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/256508\/revisions\/256509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/256505"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=256508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=256508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=256508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}