Lokesh Machines Ltd(LOKESHMACH)

NSE: LOKESHMACHBSE: 532740

₹ 349.3-3.83%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 761 crWebsite: www.lokeshmachines.comUpdated: 24 Oct 2026

About

Lokesh Machines Ltd makes machine tools, including general purpose and special purpose machines, and runs a Defence & Components division that supplies defence equipment and auto components. Its revenue in FY26 was 208.56 (Rs crore). The Machinery Division brought in 93.0% of revenue in FY26. The company says it closed FY26 with its order book at a five-year high.^[1][2][3][4]

Business segments

Machinery Division: revenue of ₹194.91 cr in FY26, 93.0% of the total, at a 14.8% EBIT margin.^[2]
Components Division: revenue of ₹14.7 cr in FY26, 7.0% of the total, at a 2.2% EBIT margin.^[2]
Defence & Components revenue rose 693% YoY to ₹15.55 cr in Q1 FY27. It was 27.9% of revenue, against 4.1% in Q1 FY26, after supplies to its principal customer resumed.^[4]
Machinery revenue fell 13.2% YoY to ₹40.22 cr in Q1 FY27 because USD/EUR export channels were blocked.^[4]

Order book

The order book stood at ₹271 cr as of 12 Aug 2026, against FY26 revenue of ₹209.62 cr.^[4]
Order book split as of 12 Aug 2026 (₹ cr): GPM 103, Defence 98, SPM 37, Forgings 30, Job works 3.^[4]
Defence made up ₹98 cr, or 36.2%, of the order book as of 12 Aug 2026.^[4]
The company expects GPM orders, 38% of the book (₹103 cr), to turn into revenue by the end of FY27.^[4]

Products and defence business

Under its FY25 annual report, the company had received orders worth Rs 17 crore for MMG Upgrade kits and expected repeat orders.^[5]
The FY25 annual report sets out plans for 5-axis machines, larger HMCs, a double column plano miller, additive manufacturing machines and new weapon platforms.^[5]
The Auto Components division is seeing new opportunities on its recently commissioned hot forging lines (Q1 FY27).^[4]

Exports and sanctions

The company ran all of FY26 under US OFAC sanctions. Over the year it widened its customer base and scaled up its defence business.^[3]
OFAC removed the company from the SDN list on 30 Jun 2026. This reopens USD/EUR banking channels and the European and US markets from Q2 FY27.^[4]
Foreign exchange earnings were 858.86 lakh, and spending on imported capital goods was 377.42 lakh, as reported in the FY25 annual report.^[5]

Expansion and funding

An earlier preferential allotment raised Rs 51.08 crore: 9.00 to repay unsecured loans, 27.00 for capex and 15.08 for working capital (FY25 annual report).^[5]
In Q1 FY27 the company allotted 13.00 lakh shares and 27.78 lakh warrants on a preferential basis at ₹181.71 per share, and received ₹23.62 cr of equity in the quarter.^[4]
Warrant conversion brought in another ₹6.81 cr in July 2026. ₹31.04 cr is still to come from the outstanding warrants, expected within 18 months.^[4]
The company plans to make full use of its expanded capacity in Machine Tools and Auto Components, and to grow Defence through new product lines.^[4]

Recent developments

On 15 Jul 2026 the company received a ₹58.21 cr order from the Ministry of Defence (Army) for 7.62 mm medium machine gun modification kits.^[4]
P. Kodanda Rami Reddy resigned as Company Secretary and Compliance Officer, effective 10 Oct 2026.^[6]
Promoter K. Krishna Swamy, aged 85 and a Non-Executive Director, retires by rotation and is seeking re-appointment (FY26 annual report).^[3]

Market Cap

₹761 Cr

High / Low

₹488 / 138

Stock P/E

196.2

Price / Book

3.8

Book Value

₹114

EPS

₹1.9

No. of Shares

2 Cr

ROCE

6.4%

ROE

1.8%

OPM

11.3%

Debt / Equity

0.74

Sales

₹209 Cr

Net Profit

₹4 Cr

Promoter holding

49.2%

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Company data

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Lokesh Machines Ltd(LOKESHMACH)

About

Business segments

Order book

Products and defence business

Exports and sanctions

Expansion and funding

Recent developments

Signal history

The analysis Screener can't give you

AI Deep Dive

Verdict

Company data

Product Segments

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