Lohia Corp Ltd(LCL)

NSE: LCLBSE: 544839

₹ 580.25+2.41%refreshed 23 Oct, 03:51 pm ISTMarket cap: ₹ 6,130 crNext results: 4 Nov 2026Website: www.lohiagroup.comUpdated: 24 Oct 2026

About

Lohia Corp Ltd manufactures machinery for the plastic woven fabric industry - circular looms, tape stretching lines, coating lines, and related equipment - and sells to customers in India and internationally. In Q1 FY27 it reported consolidated revenue of INR 503 crores, up 60% year-on-year. It held a 40.7% share of the Indian woven raffia machinery market in FY25 and a 15.4% share globally in CY24.^[1]

Revenue mix

Machinery for the plastic woven industry contributed ~80 - 85% of Q1 FY27 revenue, spare parts ~10 - 12%, and new initiatives (recycling machinery, monofilament) ~5 - 6%.^[1]
Domestic markets contributed ~59% of Q1 FY27 revenue; international markets ~41%.^[1]

Products

Core portfolio covers circular looms, tape stretching and winding lines, coating lines, and FIBC (big bag) cutting machines for the plastic woven fabric industry.^[1]
In Q1 FY27 LCL launched the Nova 6+, a six-shuttle circular loom with weft insertion speed up to 1,150 picks per minute.^[1]
Also launched in Q1 FY27: CoEx 1600, a multilayer coating line for high-barrier flexible packaging applications, and 1/2-loop FIBC cutting bag machines.^[1]
Recycling machinery includes the ReclaPro cutter-compactor and ReclaMax lines targeting polyolefin recycling; aspirations to expand into polyester recycling and shredding/granulating lines.^[1]

Manufacturing capacity and utilisation

Manufacturing is based in Kanpur. Current capacity utilisation is ~70 - 72% in Q1 FY27, against a stated ideal ceiling of ~85%.^[1]
Existing capacity can support revenue of up to INR 2,400 - 2,500 crores with only minor balancing capex; no major capex is planned until that threshold is approached.^[1]
When major expansion is required, management estimates INR 80 - 100 crores per INR 500 crores of incremental turnover; adjacent land is already owned in Kanpur and expansion can be executed in 5 - 6 months.^[1]
R&D spend is maintained at ~3% of revenue, focused on automation, IoT, and new product development.^[1]

Order book and execution

Machine order book stood at ~INR 1,778 - 1,780 crores at end of Q1 FY27, up 30% since March 2026 and up 195% since June 2025.^[1]
Customer advances back ~20% of the order book as of Q1 FY27. Order execution cycle is 6 - 9 months.^[1]
Domestic orders represent ~70% of the current order book; exports ~30%, as of Q1 FY27.^[1]
Inquiry-to-order conversion rate is 10 - 15% in Q1 FY27.^[1]

Market position

LCL held a 40.7% share of the Indian woven raffia machinery market in FY25 and a 15.4% share of the global woven raffia machinery market in CY24.^[1]

Customers and export pricing

Export sales prices are on average 12 - 15% higher than domestic prices (net of CIF costs) as of Q1 FY27, supporting margins in export-heavy periods.^[1]
Management targets exports stabilising at ~50% of revenue and order book over time; the current export share in revenue is ~41% and in order book ~30% as of Q1 FY27.^[1]

Balance sheet and working capital

The company is net debt-negative as of Q1 FY27. Net working capital cycle improved to 81 days at end of Q1 FY27 from 84 days at end of FY26, excluding customer advances.^[1]

Market Cap

₹6,130 Cr

High / Low

₹660 / 460

Promoter holding

68.7%

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