Nemish Shah raises his stake in Lakshmi Machine Works to 8.7%
Nemish Shah raised his stake in Lakshmi Machine Works to 8.7% in September 2025, up 5.4% from the previous quarter, with a holding worth ₹1,458 crore. LMW, once loss-making, now delivers a 0.9% ROCE while utilising 72% more capital, reflecting efficiency. Stock jumped from ₹4,055.65 to ₹15,739 in five years, giving 288% total return and 31.2% CAGR.