The current order book for the company is around Rs 3300 crore, out of which Rs 3200 crore is for domestic and around Rs 130 crore would be exports, said Rajendran R of Lakshmi Machine Works.
: Our order book is nearly about Rs 3,300 crore. So far the domestic is concerned; we have got an order book of nearly about Rs 3,200 crore as of end of June 2014
Rajendran R
CFO
Lakshmi Machine Works
Rajendran R, CFO of Lakshmi Machine Works said the company would be focusing on exports going forward and is likely to show a growth of 15-20 percent over last year.
Overall, he is hopeful of 10-15 percent revenue growth in FY14-15.
The current order book for the company is around Rs 3300 crore, out of which Rs 3200 crore is for domestic and around Rs 130 crore would be exports, he said.
The stock gained over 43 percent this year. The company has witnessed strong domestic growth despite pricing pressures and is now looking to expand its footprint in the international market.
Below is the transcript of Rajendran R's interview with Reema Tendulkar and Sumaira Abidi on CNBC-TV18.
Sumaira: This time around your numbers were good but your core business which is textile machinery saw quite a big bump up. So you have already done a Rs 110 crore of exports in Q1. How much do you think you could round up in FY15? Could you do Rs 500 crore just in this segment?
A: We have been focussing on exports. What we did in the last year's financial year, we may be able to show a growth of about 15-20 percent so far as exports performance is concerned.
Reema: What about overall revenues? Do you think the 37 percent growth that you saw in Q1 revenues - are they sustainable for the full year?
A: Compared to the previous corresponding period it is on higher side if we compare the just concluded last Q4, we have not grown. But overall, taking into account the entire current situation, we may grow to 10-15 percent during the financial year 2014-2015.
Sumaira: Can you tell us what your order book currently stands at and what percentage of it is exports?
A: Our order book is nearly about Rs 3,300 crore. So far the domestic is concerned; we have got an order book of nearly about Rs 3,200 crore as of end of June 2014.
Reema: It is about 10-15 percent growth that you are expecting in the topline. Can you improve your margins from the current 10-11 percent?
A: We may able to maintain the same level for margins because there is a lot of pressure of inputs as well. Input costs are also going up, material cost as well as power cost is another factor and also the wage cost - all these costs are going up but as we have been introducing new products, we could able to recover a part of the cost. Otherwise we cannot expect much growth in respect of the revenues concerned.
Lakshmi Machine stock price
On September 26, 2014, at 14:10 hrs Lakshmi Machine Works was quoting at Rs 3960.90, up Rs 23.90, or 0.61 percent. The 52-week high of the share was Rs 4311.00 and the 52-week low was Rs 2015.00.
The company's trailing 12-month (TTM) EPS was at Rs 183.63 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 21.57. The latest book value of the company is Rs 980.28 per share. At current value, the price-to-book value of the company is 4.04.
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