LMW Ltd
NSE: LMW BSE: 500252
â‚ą15949
+263.00 (1.68%)
Wed, 28 Oct 2026, 07:08 pm
Market Cap (in Cr)17027.31
PE Ratio83.07
Dividend0.22
Producer Manufacturing
Industrial Machinery
24.5KLMW Ltd Company History
1962
- Incorporated on 14 September in Chennai for textile machinery manufacturing.
1963
- Shares subscribed by promoters, directors, friends, and associates.
1964
- 1,221 shares subscribed by directors.
- 30,000 shares reserved for Rieter Machine Works Ltd.
- 20,000 shares reserved for IFCW.
- 100,000 shares offered to public in February.
1968
- Allotted 30,133 shares to technical collaborators.
1971
- Issued 10,000 shares to technical collaborators.
1979
- Reissued 60 forfeited shares at market price.
1980
- Approved collaboration with Rieter for ring frame G5/1; first delivered November 1982.
- Finalised agreements with Rieter for open end spinning machines and Investa for spinning units.
1981
- Issued 152,394 bonus shares in 3:5 proportion.
1982
- Permitted to manufacture 150 open end spinning machines; approved Rieter collaboration.
- Granted letter of intent for 3,000-spindle pilot mill at Perianaickenpalayam for R&D.
1984
- Received letter of intent for 200 metal cutting and printing machines at Unit II, Kariyur.
1986
- Machine Tool Division obtained industrial licence for CNC lathes and centres.
- Received design documents from Movi Seuki Co., Ltd., Japan.
1989
- Focused on replacement market.
- Introduced CNC machines MV-Junior and SL-3 in machine tool division.
- Entered collaboration with Schubert & Salzer for open end rotors.
- Issued 203,192 bonus shares in 1:2 proportion.
1990
- Approved investment in Pugoda Textiles Lanka Ltd., Sri Lanka.
1992
- Set up Rieter-LMW Machinery Ltd. with Rieter as 100% export unit for G5/3 ring frames.
1993
- Established foundry division at Arasur for Grey Iron Castings grades 20, 25, 30.
1995
- Entered long-term partnership with Mikron, Switzerland for milling and boring machines.
1996
- Planned second unit at Kaniyur village.
- Held 4,500,000 equity shares in Sri Lanka company as of 31 March.
1997
- Issued 609,576 bonus shares in 1:1 proportion.
- Worker strike at Unit II over wage accord.
- Offered voluntary retirement scheme.
1998
- Introduced high-speed CNC Pilatus range, Rigi lathe, Kodi VMC, Ooty 40 HMC, and Kodi Mould 50.
- Invested Rs. 50 crore in machine tools facilities.
- Promoted Sisco joint venture with Tidco for steel-making.
- Won Machinist award for Imtex 98.
1999
- One of three companies worldwide manufacturing entire range of spinning machinery.
- Introduced 'Spinning Value' theme and logo.
- First display of innovations at ITMA Paris.
- First Indian company to introduce Flexifloc bale plucker.
- Developed LC300A carding machine, LFS 1660 speed frame, and XLA30 ring frame.
- Sisco planned coke oven project.
- Rieter collaboration lapsed; nominees resigned.
- Proposed computer software business.
- Merged India Precision Bearings effective April.
- Largest supplier of ring spinning machines with over 12 million spindles.
- Launched new products at ITMA.
- Developed new generation machines via in-house R&D.
2000
- Launched CNC machines Smarturn and Smash.
2003
- Board approved acquisition of subsidiaries LMW Investments Ltd. and Deejay Leasing Company Ltd.
- LTE Industries acquired 12,000 shares (0.984%).
- Stocks appreciated by 65%.
- Charged Rs. 8.3 crore for diminution in investments.
- Offered 1:200 swap or Rs. 10 cash for Textool merger.
- Board approved merger of Textool with LMW.
2004
- Appointed Sri R. R. Nair as Nominee Director of LIC.
- Recommended 100% dividend.
2005
- Appointed K. Duraisami as Company Secretary and Compliance Officer.
- Recommended dividend of Rs. 150 per equity share.
2006
- Received National Award for Excellence in Water Management.
- Split face value of shares from Rs. 100 to Rs. 10.
2007
- Recommended interim dividend of Rs. 40 per share.
2008
- Recommended final dividend of Rs. 25 per equity share.
2009
- Introduced LR9 series ring frames with 1,632 spindles.
2010
- Forayed into China.
2011
- Recommended dividend of Rs. 30 per equity share.
2012
- Awarded by EEPC India for highest growth in exports.
- Recommended dividend of Rs. 25, Rs. 10, and Golden Jubilee Rs. 25 per share, aggregate Rs. 50.
2013
- Showcased Lakshmi Suction Compact Retrofit at Texfair 2013.
- Appointed Mr. Basavaraju as Additional Director.
- Recommended dividend of Rs. 20 per equity share.
- Concluded Joint Development Agreement with Sobha Developers for residential apartments.
2014
- Showcased innovations at ITMA ASIA + CITME 2014, Shanghai, China.
- Opened new plant in China.
- Introduced JV Kraft, LVS25, and Smarturn LT at Intec 2014.
- Inked Technology Transfer Agreement with Veejay Lakshmi Engineering Works Limited.
2015
- Participated at ITMA 2015, Milan, Italy.
- Participated at Shanghaitex 2015, Shanghai, China.
- First to launch world’s fastest comber LK69.
- Launched ergonomically designed Drawframe LDAZ with Duo digital.
2016
- Successful demonstration of new products at India ITME.
- Launched new innovations with automation and energy efficient spinning solutions at India ITME.
2020
- Awarded 'The Most Innovative Company of the Year' 2020 by CII.
2021
- Awarded Best Metal Cutting Brand 2021 by Economic Times.
2022
- Awarded Best Metal Cutting Brand 2022.
2024
- Company name changed to LMW Ltd. from Lakshmi Machine Works Ltd.
