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Lumax Industries Limited
(LUMAXIND)
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Rating:63Neutral
Price Target:
₹6,456.00
▲(4.72% Upside)
Action:Reiterated
Date:08/29/26
The score is driven primarily by mixed fundamentals—strong growth but constrained by leverage and uneven free-cash-flow—while technicals are notably supportive with a clear uptrend. Valuation is a moderating factor due to the higher P/E and only modest dividend yield.
Positive Factors
Strong multi-year revenue expansion
Sustained revenue scaling indicates expanding OEM program activity and market reach. Continued growth provides a stronger base for operating leverage, although future durability remains linked to vehicle production and platform wins.
Negative Factors
Elevated leverage
Leverage above equity increases fixed financial obligations and reduces flexibility if vehicle demand weakens. It can also constrain investment and amplify pressure from working-capital needs across OEM production cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong multi-year revenue expansion
Sustained revenue scaling indicates expanding OEM program activity and market reach. Continued growth provides a stronger base for operating leverage, although future durability remains linked to vehicle production and platform wins.
Read all positive factors
Lumax Industries Limited (LUMAXIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹53.82B
Dividend Yield0.96%
Average Volume (3M)1.05K
Price to Earnings (P/E)28.6
Beta (1Y)1.36
Revenue Growth26.52%
EPS Growth32.02%
CountryIN
Employees2,755
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)200.43
Shares Outstanding9,347,732
10 Day Avg. Volume690
30 Day Avg. Volume1,049
Financial Highlights & Ratios
PEG Ratio1.08
Price to Book (P/B)4.74
Price to Sales (P/S)1.04
P/FCF Ratio96.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)245.54
Revenue Forecast (FY)₹50.01B
Lumax Industries Limited Business Overview & Revenue Model
Company Description
Lumax Industries Limited, a company headquartered in Gurugram, India, and established in 1945, specializes in the production, trade, and supply of various automotive components. It provides parts for a broad spectrum of vehicles, encompassing two-...
How the Company Makes Money
Lumax Industries primarily makes money by manufacturing and supplying automotive lighting products to vehicle manufacturers (OEMs). Revenue is generated from (1) sale of lighting assemblies and modules (e.g., headlamps, tail lamps, indicators and ...
Lumax Industries Limited Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
55
Neutral
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.85B | 41.84B | 33.55B | 26.37B | 23.20B | 17.49B |
| Gross Profit | 11.61B | 8.00B | 10.44B | 8.81B | 8.08B | 6.22B |
| EBITDA | 4.60B | 4.48B | 2.89B | 3.00B | 2.17B | 1.32B |
| Net Income | 1.87B | 1.72B | 1.40B | 1.11B | 1.03B | 407.25M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 34.35B | 28.61B | 26.01B | 18.66B | 15.46B |
| Cash, Cash Equivalents and Short-Term Investments | 254.15M | 264.94M | 107.60M | 564.20M | 76.02M | 180.21M |
| Total Debt | 0.00 | 9.73B | 8.88B | 7.23B | 4.31B | 4.01B |
| Total Liabilities | -9.18B | 25.18B | 20.87B | 19.29B | 12.82B | 10.55B |
| Stockholders Equity | 9.18B | 9.18B | 7.74B | 6.72B | 5.84B | 4.92B |
Cash Flow | ||||||
| Free Cash Flow | -79.94M | 452.81M | -1.12B | -1.30B | 171.07M | -214.94M |
| Operating Cash Flow | 1.19B | 3.35B | 2.12B | 1.32B | 1.08B | 1.08B |
| Investing Cash Flow | -1.25B | -2.89B | -2.93B | -2.45B | -900.79M | -1.29B |
| Financing Cash Flow | 59.65M | -298.06M | 588.42M | 1.37B | -259.53M | 341.90M |
Lumax Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹1.40T | 59.58 | ― | 0.56% | 13.63% | -11.32% | |
68 Neutral | ₹129.70B | 65.49 | ― | 0.18% | 14.66% | 47.32% | |
63 Neutral | ₹53.82B | 28.56 | ― | 0.96% | 26.52% | 32.02% | |
63 Neutral | ₹1.68T | 39.00 | ― | 0.37% | 14.02% | 32.06% | |
60 Neutral | ₹132.35B | 42.44 | ― | 0.27% | 33.28% | 72.85% | |
60 Neutral | ₹678.52B | 57.82 | ― | 0.22% | 18.80% | 15.62% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
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Lumax Industries Limited Corporate Events
Lumax Industries Details Governance-Focused 45th AGM Held Virtually
Aug 26, 2026
Lumax Industries Limited held its 45th Annual General Meeting on August 26, 2026, via two-way video conferencing and other audio-visual means, in line with MCA and SEBI regulatory guidelines. The virtual AGM recorded participation from 105 shareho...
Lumax Industries Files Voting Results of 45th AGM with Stock Exchanges
Aug 26, 2026
Lumax Industries Limited has submitted the voting results and scrutinizer’s report for its 45th Annual General Meeting, held on August 26, 2026, to the BSE and National Stock Exchange in compliance with Regulation 44 of SEBI’s Listing ...
Lumax Industries Publishes Q1 FY2026 Unaudited Results in Newspapers and Online
Aug 9, 2026
Lumax Industries Limited has announced that its unaudited financial results for the first quarter ended June 30, 2026 have been published in leading newspapers. The results appeared in the Financial Express (all English editions) and Jansatta (Hin...
Lumax Industries schedules virtual 45th AGM and completes FY 2025-26 report dispatch
Aug 2, 2026
Lumax Industries Limited has notified exchanges that it has published newspaper advertisements regarding its 45th Annual General Meeting and the dispatch of its Integrated Annual Report for FY 2025-26. The AGM will be held on August 26, 2026 via v...
Lumax Industries Moves to Ensure AGM Access for Shareholders Without Registered Emails
Aug 1, 2026
Lumax Industries Limited has notified the stock exchanges that it has dispatched letters to shareholders whose email addresses are not registered with the company, its registrar and transfer agent, or depositories. The initiative aims to ensure th...
Lumax Industries Sets August 26 Virtual AGM, Publishes Pre-AGM Notice
Jul 25, 2026
Lumax Industries Limited has announced that its 45th Annual General Meeting will be held on August 26, 2026 at 2:30 p.m. IST via video conferencing or other audio-visual means, in line with regulatory circulars from the Ministry of Corporate Affai...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.