Lords Mark Industries Limited

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Lords Mark Industries Limited trades at ₹92.8, in a downtrend and 7 weeks into that stage. That is −54.2% against its own 200-day average. It sits at 5% of a 52-week range of ₹63 to ₹703. On relative strength it has no relative-strength read yet.

Today the stock is in a downtrend — week 7 of stage 4, confirmed. At ₹92.8 it trades −54.2% versus its 200-day average and sits at 5% of its 52-week range (₹63–₹703).

Against the market, two honest reads. Cumulative: over the last 1.2 years the stock moved −81% while the NIFTY 500 moved −4% — behind the index over the full window. Recent form: no trailing-13-week read yet — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Lords Mark Industries Limited trades at 47.4× P/E, against too little history to rank. Its long-run median P/E is 73.1×, measured across 0.1 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 47.4× is against too little history to rank, against a long-run median of 73.1× measured over 0.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read.

Lords Mark Industries Limited reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Lords Mark Industries Limited reported ₹308 Cr of revenue in the Jun 26 quarter. Over 14 years it has compounded at 51.7% a year. The last full year, FY26, came in at ₹685 Cr. The last four reported quarters add to ₹993 Cr.

FY26 revenue came in at ₹685 Cr (null on the year), capping 14 years at 51.7% compound. The latest quarter (Jun 26) printed ₹308 Cr, null year on year.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Lords Mark Industries Limited's operating margin is 16.0% in the Jun 26 quarter. Across 3 fiscal years the operating margin has ranged 3.1% to 12.0%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 16.0%, null pp against the same quarter a year ago. Across 3 fiscal years the operating margin has ranged 3.1%–12.0%.

Why the margin moved: operating margin went +266.0 pp year on year while gross margin went −76.5 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Lords Mark Industries Limited earned ₹33.0 Cr of net profit in the Jun 26 quarter. Full-year FY26 profit was ₹49.0 Cr. That is 10.7% of the quarter's revenue. The same quarter a year earlier earned ₹0.0 Cr. 1 of the last 9 reported quarters were loss-making.

Jun 26 profit was ₹33.0 Cr, null year on year. On the full year, FY26 printed ₹49.0 Cr (null).

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Lords Mark Industries Limited's cash-flow history is too thin to judge how much reported profit converts into cash. In FY26 that was ₹−424 Cr of operating cash against ₹49.0 Cr of profit. After ₹430 Cr of capital spending, ₹−854 Cr was left as free cash. Cash resolution here is annual, because quarterly cash statements are not published.

FY26: operating cash of ₹−424 Cr against reported profit of ₹49.0 Cr, leaving free cash of ₹−854 Cr after ₹430 Cr of capital spending.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Router verdict: the bigger cash user is investment — capital spending ran 47.8× depreciation over three years, so the next section's job is to check what that build-out is buying.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Lords Mark Industries Limited's cash conversion cycle runs 415 days in FY26, up from 95 days in FY12. Capital spending ran ₹430 Cr over the last 3 years. At FY26 sales of ₹685 Cr each day of that cycle holds about ₹1.9 Cr, so roughly ₹779 Cr sits inside the business at any moment.

FY26: debtors at 327 days, inventory at 98 days — roughly 3.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 415 days, looser than FY12's 95.

The full loop: cash goes out to suppliers and production on day 0; stock waits 98 days to sell; customers pay about 327 days after that; and suppliers themselves are paid at 10 days — netting out to the 415-day cycle.

In money terms: at FY26 sales of ₹685 Cr, each day of the cycle holds about ₹1.9 Cr — so the 415-day loop keeps roughly ₹779 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹430 Cr over the last 3 fiscal years against ₹9.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹50.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Lords Mark Industries Limited earns a ROCE of 12% in FY26. That is up from a trough of −22% in FY25. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 7.2% net margin on 0.47× asset turns.

FY26 ROCE is 12%, recovered from a FY25 trough of −22% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 7.2% net margin × 0.47× asset turns × 1.45× balance-sheet leverage ≈ 4.9% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Lords Mark Industries Limited carries ₹384 Cr of borrowings against ₹998 Cr of equity in FY26, a debt-to-equity of 0.38. Operating profit covers the interest bill 7×. Over 14 years borrowings went from ₹1.0 Cr to ₹384 Cr. Capital spending ran ₹430 Cr across the last 3 of those years.

FY26: borrowings of ₹384 Cr against equity of ₹998 Cr — a debt-to-equity of 0.38. Operating profit covers the interest bill 7×. Over 14 years borrowings went from ₹1.0 Cr to ₹384 Cr while capital spending ran ₹430 Cr in just the last 3 — part of the build-out is riding on borrowed money.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters added 30.8 points of Lords Mark Industries Limited over 8 quarters, the biggest move on the register. That takes promoters to 79.8% of the company. Domestic institutions moved +0.4 points over the same window, to 0.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: +30.8 points over 8 quarters to 79.8%; Domestic institutions: +0.4 points over 8 quarters to 0.4%.

Why the register moved: promoters drove it (+30.8 points) — steady accumulation by institutions reading the same numbers this page reads.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Lords Mark Industries Limited: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Frequently asked questions