LMW Limited (LMW.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-80.5%

₹3,297.60

vs ₹16,947.00 price

Levered DCF

₹2,283.60

After debt service

Piotroski score

—

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	101.4×	163.44×	44.53×	27.77×	56.75×
P/B	4.62×	6.04×	6.15×	4.56×	5.16×
P/S	4.13×	5.77×	3.6×	2.3×	3.3×
EV / EBITDA	42.59×	63.02×	28.56×	17.6×	34.2×
Gross margin	38.1%	31.9%	30.3%	30.1%	30.0%
Operating margin	1.5%	1.0%	7.3%	8.0%	6.0%
Net margin	4.1%	3.5%	8.1%	8.3%	5.8%
Current ratio	2.3×	2.62×	2.15×	1.65×	1.52×
Debt / equity	0×	0×	0×	0×	0×
Interest coverage	0×	0×	0×	0×	2,193.37×
Dividend yield	0.2%	0.5%	0.6%	0.4%	0.1%
Payout ratio	24.5%	78.1%	28.2%	11.1%	5.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	4.6%	3.7%	13.8%	16.4%	9.1%
Return on invested capital	1.1%	0.7%	8.8%	10.1%	5.8%
Return on assets	3.1%	2.6%	9.3%	9.4%	5.0%
Free cash flow yield	0.8%	-0.6%	-0.1%	0.8%	4.0%
Earnings yield	1.0%	0.6%	2.2%	3.6%	1.8%
Enterprise value	₹128.6B	₹166.3B	₹165.2B	₹105.1B	₹102B
Net debt / EBITDA	-1.31×	-0.53×	-0.2×	-0.26×	-0.26×
Cash conversion cycle (days)	28	39	27	25	35