Lumax Industries Limited (IN:LUMAXIND)
:LUMAXIND
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Lumax Industries Limited
(LUMAXIND)
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Rating:66Neutral
Price Target:
₹5,251.00
▼(-4.03% Downside)
Action:DowngradedDate:01/06/26
The score is driven primarily by solid underlying operating performance but meaningfully constrained by weak cash flow and higher leverage. Technicals are supportive with a clear uptrend, while valuation is a notable headwind due to the high P/E and low dividend yield.
Positive Factors
Consistent Revenue Growth
Sustained top-line growth (21.8% reported) signals expanding sales volume and product uptake across OEM programs. Over a 2–6 month horizon this indicates durable demand and program wins that support capacity utilization and long-term revenue visibility tied to vehicle model cycles.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow reduces internal funding for capex, working capital, and shareholder returns. Over months this forces reliance on external financing, increases refinancing risk around model ramps, and constrains flexibility to invest in higher-margin product upgrades.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Growth
Sustained top-line growth (21.8% reported) signals expanding sales volume and product uptake across OEM programs. Over a 2–6 month horizon this indicates durable demand and program wins that support capacity utilization and long-term revenue visibility tied to vehicle model cycles.
Read all positive factors
Lumax Industries Limited (LUMAXIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹49.57B
Dividend Yield0.62%
Average Volume (3M)2.19K
Price to Earnings (P/E)26.2
Beta (1Y)1.16
Revenue Growth26.75%
EPS Growth20.28%
CountryIN
Employees2,755
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)66.80
Shares Outstanding9,347,732
10 Day Avg. Volume1,794
30 Day Avg. Volume2,193
Financial Highlights & Ratios
PEG Ratio0.66
Price to Book (P/B)3.10
Price to Sales (P/S)0.72
P/FCF Ratio-21.36
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)232
Revenue Forecast (FY)₹48.72B
Lumax Industries Limited Business Overview & Revenue Model
Company Description
Lumax Industries Limited manufactures, trades in, and supplies auto components for two and three wheelers, four wheelers, commercial and passenger vehicles, and tractors/farm equipment in India and internationally. The company offers automotive li...
How the Company Makes Money
Lumax Industries makes money mainly by manufacturing and selling automotive lighting products and related components to vehicle manufacturers (OEMs). Revenue is generated through supply contracts where Lumax provides engineered lighting assemblies...
Lumax Industries Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
68
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 37.42B | 33.55B | 26.37B | 23.20B | 17.49B | 14.24B |
| Gross Profit | 10.81B | 10.44B | 8.81B | 8.08B | 6.22B | 5.21B |
| EBITDA | 3.74B | 2.89B | 3.00B | 2.17B | 1.32B | 1.25B |
| Net Income | 1.49B | 1.40B | 1.11B | 1.03B | 407.25M | 181.52M |
Balance Sheet | ||||||
| Total Assets | 30.98B | 28.61B | 26.01B | 18.66B | 15.46B | 13.62B |
| Cash, Cash Equivalents and Short-Term Investments | 744.05M | 107.60M | 564.20M | 76.02M | 180.21M | 121.30M |
| Total Debt | 9.89B | 8.88B | 7.23B | 4.31B | 4.01B | 3.38B |
| Total Liabilities | 22.82B | 20.87B | 19.29B | 12.82B | 10.55B | 9.02B |
| Stockholders Equity | 8.16B | 7.74B | 6.72B | 5.84B | 4.92B | 4.60B |
Cash Flow | ||||||
| Free Cash Flow | -79.94M | -1.12B | -1.30B | 171.07M | -214.94M | 88.26M |
| Operating Cash Flow | 1.19B | 2.12B | 1.32B | 1.08B | 1.08B | 762.06M |
| Investing Cash Flow | -1.25B | -2.93B | -2.45B | -900.79M | -1.29B | -307.21M |
| Financing Cash Flow | 59.65M | 588.42M | 1.37B | -259.53M | 341.90M | -505.98M |
Lumax Industries Limited Technical Analysis
Positive
5471.50
Price Trends
5364.86
Negative
5387.37
Negative
4764.19
Positive
Market Momentum
-161.79
Negative
51.96
Neutral
52.79
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 5471.5 is above the 20-day moving average (MA) of 4981.56, above the 50-day MA of 5364.86, and above the 200-day MA of 4764.19, indicating a neutral trend. The MACD of -161.79 indicates Negative momentum. The RSI at 51.96 is Neutral, neither overbought nor oversold. The STOCH value of 52.79 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹142.00B | 28.99 | ― | 0.31% | 14.43% | 15.60% | |
69 Neutral | ₹123.35B | 39.41 | ― | 0.23% | 12.99% | 2.43% | |
66 Neutral | ₹47.40B | 16.59 | ― | 2.75% | 6.96% | 6.33% | |
66 Neutral | ₹49.57B | 26.20 | ― | 0.62% | 26.75% | 20.28% | |
66 Neutral | ₹117.54B | 31.91 | ― | 0.35% | 36.70% | 36.24% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | ₹24.43B | 199.12 | ― | 2.31% | -63.26% | -29.33% |
* Consumer Cyclical Sector Average
IN:LUMAXIND
Lumax Industries Limited
5,302.95
2,930.53
123.52%
IN:LUMAXTECH
Lumax Auto Technologies Limited
1,724.55
1,212.21
236.60%
IN:MINDACORP
Minda Corp. Ltd.
515.95
41.45
8.74%
IN:RAYMOND
Raymond Limited
366.95
-139.25
-27.51%
IN:SHARDAMOTR
Sharda Motor Industries Ltd.
825.75
86.11
11.64%
IN:SHRIPISTON
Shriram Pistons & Rings Ltd.
3,223.70
1,523.21
89.57%
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.