What we do Lakshmi Precision Screws Ltd manufactures fasteners and auto components primarily for two- and four-wheeler industries, leading organized fastener manufacturing in India. |
Founded in 1,968 |
Market share World's leading fastener manufacturer in India's organized sector with significant market presence in replacement and OEM segments. |
Problem solved Provides high-quality, cost-efficient fasteners to improve automotive component reliability and affordability. |
Top clients or who we serve Serves two-wheeler and four-wheeler automotive manufacturers across India; B2B segment. |
Key management Lalit Kumar Jain (Chairman & Managing Director), Dinesh Kumar Jain (Vice Chairman & Managing Director), Vijay Kumar Jain (Joint Managing Director). |
Our journey and innovations Started in 1968; expanded capacity via public and rights issues; incorporated modern plants; formed and later exited joint venture with Bossard AG. |
Where we operate Primarily domestic market in India with limited overseas revenue. |
Top products or what we offer Manufactures auto fasteners and components with capacity of 28,432 metric tons per annum. |
Top brands - |
Raw materials needed Steel and other metals for fastener manufacturing. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely recurring from automotive OEMs and replacement markets, but affected by industry cycles. |
Our industry position Leading player in organized fastener manufacturing in India; holds key position in OEM and replacement segments. |
Financial highlights FY2017 revenue Rs.258.69 crores; net loss Rs.39.98 crores; facing financial challenges. |
Geographical revenue split Approx. 97% domestic market, 3% overseas revenue as of FY2017. |
Order book - |
Whats driving growth Focus on quality, cost efficiency, and customer service amidst competitive market. |
Our future plans No specific plans disclosed; aiming for growth in FY2018 relying on product demand and quality improvements. |
Our green promise - |
Our people and values Employs around 954 permanent staff focusing on total quality and productivity management. |
Key challenges ahead Financial losses, regulatory compliance, deposit repayment issues, intense competition, and capacity utilization. |
Interesting facts Has ISO, TS, and aviation industry certifications; former joint venture with Bossard AG; longstanding market presence. |
Risks and strategy Facing financial losses and litigation risks; strategy focused on cost reduction, quality improvement, and compliance. |
