Lakshmi Mills Company Ltd share price today (on 21 March 2023).

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Promoted in 1907 by the late G Kuppuswamy Naidu, Lakshmi Mills Company (LMC) was incorporated as a public limited company in 1910. The flagship of the Coimbatore-based Lakshmi group, its associate companies are Lakshmi Machine Works, Lakshmi Synthetic Machinery Manufacturers and Lakshmi Auto Looms. LMC is a composite mill manufacturing a range of cotton, viscose, blended yarn and a variety of grey and processed cloth. The company has four manufacturing units located at Coimbatore, Singanallur, Kovilpatti and Palladam, all in Tamilnadu. The company's cloth processing is done by its subsidiary, United Bleachers. LMC exports cotton yarn and grey cloth to the UK, Germany, Italy, Bangladesh and Japan. In 1977, Coimbatore Cotton Mills was amalgamated with the company. LMC has yarn processing facilities at Coimbatore which includes facilities for mercerising and bleaching.
The company was getting Wind Power generated of M/s Das Lagerway Wind Turbines Ltd., under a contract since 1997. Some problem has creeped in between the owners of the wind power farm M/s Das Lagerway & M/s Pathega Forgings & Autoparts during 2000-01, the company will not get wind power any more. Company has also increased the installed capacity of Ring Spindles by 64 Nos. In 2000-01, there was an increase in production of fabrics on account of full commissioning fo additional looms. And the company is also drafted a modernisation scheme at the cost of Rs. 39 crores and sent it to IDBI for it's sanction.
According to the Individual - Audited financial statement for the Year of 2012, total net operating revenues decreased with -12.22%, from INR 179.94 tens of millions to INR 157.96 tens of millions. Operating result decreased from INR 17.21 tens of millions to INR 1.18 tens of millions which means -93.14% change. The results of the period reached INR -13.18 tens of millions at the end of the period against INR 5.34 tens of millions last year. Return on equity (Net income/Total equity) went from 4.04% to -11.57%, the Return On Asset (Net income / Total Asset) went from 2.54% to -8.45% and the Net Profit Margin (Net Income/Net Sales) went from 2.97% to -8.34% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 36.88% compared to 76.02% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 6.57 to 2.00 when compared to the previous year.

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