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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Credit Rating (CRISIL)
Crisil BB+/Stable/Crisil A4+
Rates the company's debt-servicing ability — not the quality or value of its shares.
Rated: 15 Jul 2025
This rating is over a year old.
View Full ReportValuation
Financials (FY24)
Source: CRISILInvestment Thesis
Lakshmi Precision Technologies Limited is a well-established, Coimbatore-based precision engineering manufacturer with over five decades of heritage. Its INR 325 share price indicates operational viability and value creation, operating in India's strongest precision engineering cluster. The company is positioned to benefit from India's growing automotive component exports and manufacturing expansion. However, limited scale, the EV technology transition challenge, and capital intensity of the sector require careful monitoring. For investors seeking exposure to India's precision engineering SME segment, this represents a niche but credible unlisted opportunity.
Pros
Cons
Business Segments
Precision Machined Components
High-precision CNC-machined components including turned parts, milled parts, bored parts, and assemblies produced to tight tolerances for automotive, industrial machinery, and engineering OEM customers. Products include shafts, bushings, brackets, housings, and specialty hardware.
Precision Castings & Forgings Processing
Precision machining and finishing of castings and forgings sourced from foundries, adding value through tight-tolerance machining, grinding, and surface treatment. Serves automotive component and industrial machinery manufacturers.
Sub-assemblies & Job Work
Production of sub-assemblies, tooling components, and job-work machining services for larger engineering OEMs and machine tool manufacturers in the Coimbatore ecosystem.
Revenue Model
Lakshmi Precision Technologies generates revenue through sale of precision-machined components, processed castings/forgings, and sub-assembly manufacturing to automotive OEMs, tier-1 suppliers, industrial machinery manufacturers, and machine tool companies. Revenue is primarily B2B and order-driven, with pricing based on per-piece or per-batch manufacturing contracts. Long-term supply agreements with established OEM customers provide revenue stability, while job work provides capacity utilization flexibility.
Detailed Analysis
Growth Plans
India's growing automotive component export market with OEMs sourcing more from Coimbatore's cost-competitive precision cluster
Government PLI scheme for Advanced Chemistry Cell (ACC) and automotive components encouraging precision manufacturing investment
Aerospace and defense component manufacturing opportunities under Make in India — precision engineering is a key requirement
Coimbatore's engineering ecosystem enabling quick technology diffusion and supplier network access
Recent Developments
India's automotive component exports exceeded USD 21 billion in FY2024, with Coimbatore's precision engineering cluster contributing significantly. Demand for high-quality machined components from global OEMs and tier-1 suppliers has driven volume growth for Coimbatore-based precision manufacturers.
2023-2024The global transition to electric vehicles is reshaping component demand — reducing ICE-specific components while creating new demand for EV powertrain precision parts (motor housings, inverter components, battery pack hardware). Coimbatore's precision engineering cluster is actively adapting to this transition.
2022-2023India's industrial and automotive sectors recovered strongly post-COVID, with improved capacity utilization at precision engineering companies. Coimbatore's engineering SMEs benefited from pent-up demand and fresh capex by OEMs.
Comparable Companies
Frequently Asked Questions
About Lakshmi Precision Technologies Limited
Lakshmi Precision Technologies Limited is a Tamil Nadu-based precision engineering company incorporated in 1998, specializing in the manufacture of precision machined components, turned parts, and sub-assemblies for automotive, defense, aerospace, and industrial applications. The company is part of the broader Lakshmi Group ecosystem in Tamil Nadu, which has extensive presence in textiles (Lakshmi Machine Works — LMW), engineering, and industrial manufacturing. Tamil Nadu is India's leading precision engineering and manufacturing state, hosting major automotive OEMs including Hyundai, Ford (formerly), BMW, Royal Enfield, TVS Motor, Ashok Leyland, and hundreds of tier-1 and tier-2 component suppliers. Coimbatore in particular has emerged as one of India's premier precision engineering hubs known for pumps, motors, and precision components. Lakshmi Precision Technologies manufactures complex machined parts requiring tight tolerances — components used in engine assemblies, transmission systems, hydraulic systems, and structural elements. The company operates CNC machining centers, VMCs (Vertical Machining Centers), and specialized tooling to produce components meeting automotive OEM quality standards. India's defense indigenization push (Atmanirbhar Bharat), with 74% FDI allowed in defense manufacturing and increasing defense procurement from Indian companies, provides significant growth opportunity for precision engineering companies. Defense applications including artillery, armored vehicles, and naval systems require precision machined components at scale. With 25+ years of precision manufacturing experience in Tamil Nadu's world-class engineering ecosystem, the company is positioned to serve India's expanding manufacturing sector.
Key Milestones
1967: Company's operational origins in Coimbatore's precision engineering ecosystem — initial founding of the enterprise
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Industry Tailwinds
India's growing automotive component export market with OEMs sourcing more from Coimbatore's cost-competitive precision cluster
Government PLI scheme for Advanced Chemistry Cell (ACC) and automotive components encouraging precision manufacturing investment
Aerospace and defense component manufacturing opportunities under Make in India — precision engineering is a key requirement
Coimbatore's engineering ecosystem enabling quick technology diffusion and supplier network access
Industry Headwinds
Structural demand shift away from ICE components toward EV-specific parts requiring significant product and process adaptation
Global economic slowdown reducing automotive production and industrial machinery demand
Appreciation of the Indian Rupee making exports less competitive
Rising skilled manpower costs and attrition in Coimbatore's competitive labour market
Upward Factors
6 crore Improvement in the working capital cycle
Downward Factors
than-expected cash accrual of Rs.1-2 crores Sizeable stretch in the working capital cycle
Net profit margin is thin at 3.6% (FY24) — limited buffer against revenue or cost shocks
Source: Financial data
Precision engineering companies supplying automotive OEMs are directly exposed to vehicle production cycles. An auto sector slowdown (as seen in 2019-2020) can significantly impact order volumes and capacity utilization.
Source: Company Financial Filings
The shift from ICE (Internal Combustion Engine) to electric vehicles changes the composition of precision components required. Companies not adapting their product mix to EV-specific components face structural revenue risk.
Source: Company Financial Filings
Precision machining requires continuous investment in high-end CNC machines, tooling, and quality measurement equipment. Technological obsolescence risk is significant without sustained capex.
Source: Media Reports / Public Records
The Coimbatore precision engineering cluster has hundreds of competing SMEs. Additionally, large precision component manufacturers (Bharat Forge, Sandhar Technologies, Spark Minda) compete for OEM supply contracts.
Source: AlphaHub Research
Small precision engineering companies often depend heavily on a few large OEM customers. Loss of a key customer can significantly impact revenues.
Source: AlphaHub Research
As an unlisted company, shares have very limited secondary market activity despite the INR 325 price indicating underlying value.
Source: Media Reports / Public Records
Precision engineering companies supplying automotive OEMs are directly exposed to vehicle production cycles. An auto sector slowdown (as seen in 2019-2020) can significantly impact order volumes and capacity utilization.
The shift from ICE (Internal Combustion Engine) to electric vehicles changes the composition of precision components required. Companies not adapting their product mix to EV-specific components face structural revenue risk.
Precision machining requires continuous investment in high-end CNC machines, tooling, and quality measurement equipment. Technological obsolescence risk is significant without sustained capex.
The Coimbatore precision engineering cluster has hundreds of competing SMEs. Additionally, large precision component manufacturers (Bharat Forge, Sandhar Technologies, Spark Minda) compete for OEM supply contracts.
Small precision engineering companies often depend heavily on a few large OEM customers. Loss of a key customer can significantly impact revenues.
As an unlisted company, shares have very limited secondary market activity despite the INR 325 price indicating underlying value.
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1990s: Formal incorporation and expansion of precision machining capabilities with CNC machine investments
1998: Registered as Lakshmi Precision Technologies Limited (CIN: U29130TN1998PLC039567)
2000s: Scaled precision machining operations catering to the growing Coimbatore automotive and industrial machinery supply chain
2010s: Invested in advanced CNC machining centers, quality systems (ISO certification), and expanded customer base
2015–present: Benefiting from India's growing automotive component export ecosystem and domestic precision parts demand