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Lumax Auto Technologies Limited
(LUMAXTECH)
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Rating:60Neutral
Price Target:
₹2,051.00
▲(39.98% Upside)
Action:Reiterated
Date:09/06/26
The score is driven mainly by strong growth/profitability but materially offset by weak free-cash-flow conversion and higher leverage. Technicals are supportive overall, while valuation (high P/E and low yield) is the primary external headwind.
Positive Factors
Strong Revenue and Earnings Growth
Revenue grew to ₹48.7B in FY2026 from ₹34.4B in FY2025, while earnings also increased. This scale-up indicates expanding sales activity and can improve fixed-cost absorption, supporting continued investment and platform participation over the next several quarters.
Negative Factors
Higher Leverage
Total debt rose sharply to ~₹12.3B in FY2026 from ~₹1.65B in FY2022, bringing debt roughly to parity with equity. This reduces balance-sheet flexibility and makes future expansion more dependent on sustained growth, cash generation, or external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue and Earnings Growth
Revenue grew to ₹48.7B in FY2026 from ₹34.4B in FY2025, while earnings also increased. This scale-up indicates expanding sales activity and can improve fixed-cost absorption, supporting continued investment and platform participation over the next several quarters.
Read all positive factors
Lumax Auto Technologies Limited (LUMAXTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹133.13B
Dividend Yield0.28%
Average Volume (3M)30.83K
Price to Earnings (P/E)41.0
Beta (1Y)1.24
Revenue Growth33.28%
EPS Growth72.85%
CountryIN
Employees2,853
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)47.55
Shares Outstanding68,157,710
10 Day Avg. Volume14,283
30 Day Avg. Volume30,829
Financial Highlights & Ratios
PEG Ratio0.65
Price to Book (P/B)8.57
Price to Sales (P/S)2.13
P/FCF Ratio86.14
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)60.25
Revenue Forecast (FY)₹59.61B
Lumax Auto Technologies Limited Business Overview & Revenue Model
Company Description
Lumax Auto Technologies Limited, together with its subsidiaries, manufactures and sells automotive components in India. The company offers advanced plastics, such as cockpit and consoles, door panels, air intake systems, urea and plastic fuel tank...
How the Company Makes Money
Lumax Auto Technologies Limited primarily makes money by manufacturing and selling automotive components and systems to original equipment manufacturers (OEMs). Revenue is generated through (1) supply contracts and recurring production orders tied...
Lumax Auto Technologies Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
62
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 52.08B | 48.70B | 34.40B | 27.61B | 17.86B | 14.80B |
| Gross Profit | 14.26B | 9.53B | 10.11B | 8.84B | 4.94B | 4.10B |
| EBITDA | 7.45B | 6.90B | 5.15B | 4.13B | 2.15B | 1.61B |
| Net Income | 3.24B | 2.79B | 1.78B | 1.30B | 928.75M | 694.09M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 39.47B | 32.39B | 25.99B | 21.85B | 11.39B |
| Cash, Cash Equivalents and Short-Term Investments | 3.45B | 3.46B | 2.71B | 3.25B | 2.53B | 2.07B |
| Total Debt | 0.00 | 12.31B | 9.02B | 8.10B | 6.64B | 1.65B |
| Total Liabilities | -14.76B | 24.71B | 19.46B | 15.86B | 13.36B | 5.34B |
| Stockholders Equity | 14.76B | 12.10B | 9.35B | 7.90B | 6.62B | 5.44B |
Cash Flow | ||||||
| Free Cash Flow | 1.81B | 1.20B | 1.10B | 1.62B | 537.43M | 359.54M |
| Operating Cash Flow | 3.22B | 3.68B | 2.90B | 2.65B | 1.37B | 874.48M |
| Investing Cash Flow | -3.95B | -5.12B | -2.16B | -2.49B | -4.76B | -653.53M |
| Financing Cash Flow | 841.06M | 1.54B | -532.55M | -397.99M | 3.65B | 96.56M |
Lumax Auto Technologies Limited Technical Analysis
Positive
1465.20
Price Trends
1704.45
Positive
1683.88
Positive
1611.66
Positive
Market Momentum
78.38
Positive
55.91
Neutral
30.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LUMAXTECH, the sentiment is Positive. The current price of 1465.2 is below the 20-day moving average (MA) of 1987.61, below the 50-day MA of 1704.45, and below the 200-day MA of 1611.66, indicating a neutral trend. The MACD of 78.38 indicates Positive momentum. The RSI at 55.91 is Neutral, neither overbought nor oversold. The STOCH value of 30.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:LUMAXTECH.
Lumax Auto Technologies Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹242.06B | 38.44 | ― | 1.59% | 28.68% | -7.21% | |
69 Neutral | ₹1.38T | 58.43 | ― | 0.58% | 13.63% | -11.32% | |
68 Neutral | ₹126.16B | 63.96 | ― | 0.18% | 14.66% | 47.32% | |
63 Neutral | ₹57.84B | 30.84 | ― | 0.89% | 26.52% | 32.02% | |
60 Neutral | ₹133.13B | 41.05 | ― | 0.28% | 33.28% | 72.85% | |
60 Neutral | ₹721.83B | 59.97 | ― | 0.21% | 18.80% | 15.62% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:LUMAXTECH
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1,953.30
811.56
71.08%
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Lumax Auto Technologies Limited Corporate Events
Lumax Auto Technologies Holds 45th AGM via Virtual Platform
Aug 26, 2026
Lumax Auto Technologies Limited, a key auto components supplier to OEMs and the aftermarket, convened its 45th Annual General Meeting on August 26, 2026, via two-way video conferencing and other audio-visual means in compliance with Indian corpora...
Lumax Auto Technologies Publishes Voting Results From Fully Virtual 45th AGM
Aug 26, 2026
Lumax Auto Technologies Limited, a listed automotive components manufacturer, serves India’s vehicle industry with a portfolio of auto technology products and maintains a broad shareholder base across BSE and NSE. With offices in Gurugram an...
Lumax Auto Tech Sets August 26 Virtual AGM, Dispatches FY26 Integrated Report
Aug 2, 2026
Lumax Auto Technologies Limited has announced that it has published newspaper advertisements in leading English and Hindi dailies to inform shareholders about its upcoming 45th Annual General Meeting. The company has also confirmed completion of t...
Lumax Auto Technologies Sets AGM, Dividend and Major Related-Party Deal for FY 2026-27
Aug 1, 2026
Lumax Auto Technologies Limited has scheduled its Forty Fifth Annual General Meeting for August 26, 2026, to be held virtually via video conferencing or other audio-visual means, where shareholders will consider approval of the audited standalone ...
Lumax Auto Technologies Moves AGM and Annual Report Access Online
Aug 1, 2026
Lumax Auto Technologies Limited has scheduled its 45th Annual General Meeting for August 26, 2026, at 11:00 a.m. IST, to be conducted via video conferencing and other audio-visual means. In line with SEBI listing regulations, the company is circul...
Lumax Auto Technologies Exits Joint Venture with Jopp Holding
Jun 30, 2026
Lumax Auto Technologies Limited has completed the sale of its entire 50% equity stake in Lumax Jopp Allied Technologies Private Limited to its German joint venture partner Jopp Holding GmbH. As of June 29, 2026, Lumax Jopp Allied Technologies Priv...
Lumax Auto Tech Warns Shareholders on Imminent Transfer of Unclaimed Dividends and Shares to IEPF
Jun 21, 2026
Lumax Auto Technologies Limited has notified shareholders that unpaid or unclaimed dividends for the 2018-19 financial year, as well as related equity shares where dividends have remained unclaimed for seven consecutive years, are liable to be tra...
Lumax Auto Warns Shareholders on Transfer of Unclaimed Dividends and Shares to IEPF
Jun 21, 2026
Lumax Auto Technologies has published newspaper notices alerting shareholders to the impending transfer of unpaid or unclaimed dividends for the 2018-19 financial year, along with the corresponding equity shares, to the Investor Education and Prot...
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.