Microcap stock jumps 4% after securing order worth ₹7.96 Cr from Kirloskar Oil Engines

SYNOPSIS:
Lokesh Machines secured a Rs. 7.96-crore order from Kirloskar Oil Engines for supplying a fish liner boring and deck face milling SPM machine, with execution scheduled to be completed by June 2026.

Shares of a company ranking among India’s top five machine tool manufacturers in terms of market share, holding a leading position in cam & crank borers, fine borers, and finish milling machines, surged nearly 4.2 percent on Thursday, after the company secured an order from Kirloskar Oil Engines Limited.

At 11:44 a.m., the shares of Lokesh Machines Limited were trading in the green at Rs. 165 on BSE, up by around 3 percent, as against its previous closing price of Rs. 160.75, with a market cap of Rs. 330 crores. The stock has delivered negative returns of more than 54 percent in the last one year, and has fallen by around 20 percent in a month.

What’s the News

As per the latest disclosures to the stock exchanges, Lokesh Machines Limited has received a supply order worth nearly Rs. 7.96 crores from Kirloskar Oil Engines Limited, for the supply of fish liner boring and deck face milling SPM Machine. The contract is scheduled to be executed before the end of June 2026.

Earlier on 11th October, the company received an order, valued at around Rs. 7.83 crores, from Sundaram-Clayton Limited for the supply of special line boring machines and gauging systems.

Financials & More

Lokesh Machines reported a decline in revenue from operations, experiencing a year-on-year decrease of more than 33 percent, from Rs. 75.3 crores in Q2 FY25 to Rs. 50.4 crores in Q2 FY26.

Likewise, the company’s net profit decreased during the same period, from Rs. 3.45 crores to Rs. 0.63 crores, reflecting a fall of nearly 82 percent YoY. Lokesh Machines operates through two key business divisions: the Machine Tools Division and the Auto Components & Defence Division. 

Machine Tools Division includes general-purpose machines such as CNC turning centres, vertical and horizontal machining centres, drill-and-tap centres, and vertical turning lathes. It also offers a range of special-purpose machines, including milling, drilling, boring machines, and transfer lines, along with automation solutions like gantry automation, robotic automation, 4th-axis automation, and customised standard machines.

Auto Components & Defence Division focuses on manufacturing critical automotive components such as cylinder blocks, cylinder heads, connecting rods, and forgings. In the defence segment, the company produces specialised equipment, including 9×19 machine pistols (SMG) and 7.62×51 light machine guns (LMG).

Written by Shivani Singh

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