Lumax Industries Limited (LUMAXIND) AI Stock Analysis

• Market Cap: ₹46.21B
• Dividend Yield: 0.63%
• Average Volume (3M): 2.19K
• Price to Earnings (P/E): 32.6
• Beta (1Y): 0.76
• Revenue Growth: 26.75%
• EPS Growth: 20.28%
• Country: IN
• Employees: 2,755
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 38.10
• Shares Outstanding: 9,347,732
• 10 Day Avg. Volume: 1,794
• 30 Day Avg. Volume: 2,193
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: ₹6,152.00 ▲(10.00% Upside)

Lumax Industries Limited's overall stock score is driven primarily by strong technical indicators, suggesting positive market momentum. However, financial performance is mixed, with solid revenue growth offset by cash flow challenges and increased leverage. The valuation appears high, which could limit upside potential.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion and stability.

Market Position

Partnerships with major automotive manufacturers enhance market position, ensuring stable demand and opportunities for collaborative innovation.

Profitability Improvements

Improved profitability through better cost management enhances financial health, providing more resources for reinvestment and growth.

Negative Factors

Rising Debt Levels

Increased reliance on debt can strain financial flexibility and increase risk, potentially impacting future investment and growth capabilities.

Cash Flow Challenges

Negative free cash flow indicates potential liquidity issues, limiting the company's ability to invest in growth opportunities and manage debt.

Operational Efficiency Volatility

Fluctuating operational efficiency can lead to unpredictable financial performance, affecting long-term profitability and strategic planning.

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 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	35.45B	33.55B	26.37B	23.20B	17.49B	14.24B
Gross Profit	9.85B	10.44B	8.81B	8.08B	6.22B	5.21B
EBITDA	3.54B	2.89B	3.00B	2.17B	1.32B	1.25B
Net Income	1.42B	1.40B	1.11B	1.03B	407.25M	181.52M
Balance Sheet
Total Assets	0.00	28.61B	26.01B	18.66B	15.46B	13.62B
Cash, Cash Equivalents and Short-Term Investments	96.97M	107.60M	564.20M	76.02M	180.21M	121.30M
Total Debt	0.00	8.88B	7.23B	4.31B	4.01B	3.38B
Total Liabilities	-7.74B	20.87B	19.29B	12.82B	10.55B	9.02B
Stockholders Equity	7.74B	7.74B	6.72B	5.84B	4.92B	4.60B
Cash Flow
Free Cash Flow	0.00	-1.12B	-1.30B	171.07M	-214.94M	88.26M
Operating Cash Flow	0.00	2.12B	1.32B	1.08B	1.08B	762.06M
Investing Cash Flow	0.00	-2.93B	-2.45B	-900.79M	-1.29B	-307.21M
Financing Cash Flow	0.00	588.42M	1.37B	-259.53M	341.90M	-505.98M

Lumax Industries Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5592.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 5592.75 is above the 20-day moving average (MA) of 5078.19, above the 50-day MA of 4959.46, and above the 200-day MA of 3511.98, indicating a bullish trend. The MACD of 151.55 indicates Negative momentum. The RSI at 65.58 is Neutral, neither overbought nor oversold. The STOCH value of 63.73 is Neutral, 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	76 Outperform	₹115.04B	21.30	―	0.39%	14.43%	15.60%
LUMAXTECH	73 Outperform	₹81.72B	43.59	―	0.36%	36.70%	36.24%
LUMAXIND	72 Outperform	₹46.21B	32.56	―	0.63%	26.75%	20.28%
MINDACORP	69 Neutral	₹141.50B	54.72	―	0.24%	12.99%	2.43%
SHARDAMOTR	66 Neutral	₹62.16B	18.39	―	2.81%	6.96%	6.33%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
RAYMOND	58 Neutral	₹38.08B	0.69	―	2.04%	-63.26%	-29.33%

Lumax Industries Limited Corporate Events

Lumax Industries Clarifies Recent Surge in Trading Volume

Lumax Industries Limited has observed a significant increase in the trading volume of its securities. The company clarified that it remains compliant with SEBI regulations and is unaware of any undisclosed material information affecting the recent trading activity. The increase in volume is deemed to be market-driven, with no internal developments influencing this change.

Lumax Industries Releases Q2 FY 2025-26 Earnings Call Transcript

Lumax Industries Limited has released the transcript of its Q2 FY 2025-26 earnings conference call, highlighting the company’s operational and financial performance for the quarter and half-year ending September 30, 2025. This release provides stakeholders with insights into the company’s current market standing and future outlook, reinforcing its commitment to transparency and investor relations.

Lumax Industries Clarifies Recent Surge in Trading Volume

Lumax Industries Limited has experienced a significant increase in the trading volume of its securities. The company has clarified that it remains fully compliant with SEBI regulations and is committed to maintaining high standards of corporate governance. Lumax Industries has stated that there is no undisclosed material information affecting the recent trading volume, suggesting that the increase is market-driven.