Lumax Industries Limited (LUMAXIND) AI Stock Analysis

• Market Cap: ₹45.58B
• Dividend Yield: 0.72%
• Average Volume (3M): 2.89K
• Price to Earnings (P/E): 32.1
• Beta (1Y): 0.79
• Revenue Growth: 27.33%
• EPS Growth: 16.25%
• Country: IN
• Employees: 2,755
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 39.40
• Shares Outstanding: 9,347,732
• 10 Day Avg. Volume: 3,338
• 30 Day Avg. Volume: 2,894
• PEG Ratio: 0.66
• Price to Book (P/B): 3.10
• Price to Sales (P/S): 0.72
• P/FCF Ratio: -21.36
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹5,098.00
• Price Target Upside: 4.55% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 72 Outperform
• Price Target: ₹5,098.00 ▲(4.55% Upside)

Lumax Industries Limited's overall stock score is driven primarily by strong technical analysis, indicating bullish momentum, and solid financial performance with revenue growth and profitability improvements. However, challenges in cash flow management and a high P/E ratio suggest potential risks and overvaluation concerns.

Lumax Industries Limited Business Overview & Revenue Model

Company Description

Lumax Industries Limited (LUMAXIND) is a leading manufacturer and supplier of automotive components in India, primarily catering to the automotive sector. The company specializes in producing a wide range of products, including lighting systems, plastic components, and other critical vehicle parts. With a strong focus on innovation and quality, Lumax Industries serves both domestic and international markets, partnering with major automotive manufacturers to enhance vehicle performance and safety.

How the Company Makes Money

Lumax Industries generates revenue primarily through the manufacturing and sale of automotive components to original equipment manufacturers (OEMs) and aftermarket suppliers. Key revenue streams include the supply of lighting systems, plastic parts, and other automotive accessories. The company has established significant partnerships with major automotive brands, which not only secures consistent orders but also allows for collaborative development of new products. Additionally, Lumax Industries benefits from economies of scale and operational efficiencies, which help maintain competitive pricing and profitability in the automotive component market.

Lumax Industries Limited Financial Statement Overview

Summary

Lumax Industries Limited demonstrates solid revenue growth and profitability improvements, but faces challenges with cash flow management and increasing leverage. The company needs to focus on enhancing operational efficiency and cash generation to mitigate the risks associated with higher debt levels.

Income Statement

Lumax Industries Limited has shown consistent revenue growth over the years, with a notable 4.59% increase in the latest period. The gross profit margin has been stable, although it was not provided for the latest year. The net profit margin improved to 4.21% in 2024, indicating better cost management. However, the EBIT and EBITDA margins have seen fluctuations, suggesting some volatility in operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has increased to 1.15, indicating a higher reliance on debt financing, which could pose a risk if not managed carefully. The return on equity has been strong in previous years but was not available for the latest period. The equity ratio suggests a moderate level of equity financing relative to total assets.

Cash Flow

Lumax Industries has faced challenges with free cash flow, which has been negative in recent years, reflecting potential liquidity issues. The operating cash flow to net income ratio is relatively low, indicating that cash generation from operations is not as robust as it could be. The negative free cash flow to net income ratio further highlights the need for improved cash management.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	32.07B	33.55B	23.20B	26.37B	17.49B	14.24B
Gross Profit	8.07B	10.44B	8.08B	8.81B	6.22B	5.21B
EBITDA	3.11B	2.79B	2.17B	3.00B	1.32B	1.25B
Net Income	1.32B	1.40B	1.03B	1.11B	407.25M	181.52M
Balance Sheet
Total Assets	0.00	28.61B	18.66B	26.01B	15.46B	13.62B
Cash, Cash Equivalents and Short-Term Investments	501.15M	107.60M	652.96M	564.20M	180.21M	121.30M
Total Debt	0.00	8.88B	4.31B	7.23B	4.01B	3.38B
Total Liabilities	-6.96B	20.87B	12.82B	19.29B	10.55B	9.02B
Stockholders Equity	6.96B	7.74B	5.84B	6.72B	4.92B	4.60B
Cash Flow
Free Cash Flow	0.00	-1.12B	171.07M	-1.30B	-214.94M	88.26M
Operating Cash Flow	0.00	2.12B	1.08B	1.32B	1.08B	762.06M
Investing Cash Flow	0.00	-2.93B	-900.79M	-2.72B	-1.29B	-307.21M
Financing Cash Flow	0.00	588.42M	-259.53M	1.37B	341.90M	-505.98M

Lumax Industries Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4876.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LUMAXIND, the sentiment is Positive. The current price of 4876.05 is above the 20-day moving average (MA) of 4328.51, above the 50-day MA of 3982.92, and above the 200-day MA of 2942.10, indicating a bullish trend. The MACD of 219.78 indicates Negative momentum. The RSI at 74.82 is Negative, neither overbought nor oversold. The STOCH value of 94.07 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:LUMAXIND.

Lumax Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SHRIPISTON	77 Outperform	116.96B	22.28	21.17%	0.38%	14.52%	15.10%
SHARDAMOTR	72 Outperform	60.16B	17.80	29.66%	2.50%	2.35%	8.08%
LUMAXIND	72 Outperform	₹45.58B	32.12	―	0.72%	27.33%	16.25%
LUMAXTECH	70 Outperform	88.47B	47.18	19.02%	0.42%	32.63%	34.16%
MINDACORP	69 Neutral	136.47B	52.78	11.60%	0.25%	10.08%	4.16%
RAYMOND	64 Neutral	40.41B	0.72	205.36%	1.65%	-62.37%	-29.61%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%