Lumax Auto Technologies Limited (LUMAXTECH) AI Stock Analysis

• Market Cap: ₹81.72B
• Dividend Yield: 0.36%
• Average Volume (3M): 16.65K
• Price to Earnings (P/E): 43.6
• Beta (1Y): 0.81
• Revenue Growth: 36.70%
• EPS Growth: 36.24%
• Country: IN
• Employees: 2,226
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 9.80
• Shares Outstanding: 68,157,710
• 10 Day Avg. Volume: 12,802
• 30 Day Avg. Volume: 16,651
• PEG Ratio: 0.57
• Price to Book (P/B): 3.96
• Price to Sales (P/S): 1.02
• P/FCF Ratio: 33.61
• 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: 73 Outperform
• Price Target: ₹1,546.00 ▲(0.76% Upside)

Lumax Auto Technologies has strong financial performance and positive technical indicators, but the high P/E ratio and low dividend yield suggest potential overvaluation. The stock's upward momentum is a positive sign, but caution is advised due to the overbought RSI.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong demand for Lumax's products and effective market penetration, supporting long-term business expansion.

Product Diversification

A diversified product offering reduces dependency on any single market segment, enhancing resilience against sector-specific downturns.

Operational Efficiency

Improved margins reflect effective cost management and operational efficiency, which can lead to sustained profitability and competitive advantage.

Negative Factors

Free Cash Flow Consistency

Inconsistent free cash flow generation can limit the company's ability to invest in growth opportunities and manage financial obligations effectively.

Leverage

Moderate leverage, while manageable, can pose risks if not carefully monitored, potentially impacting financial flexibility and increasing vulnerability to economic shifts.

Free Cash Flow Management

Improving free cash flow management is crucial for sustaining long-term investments and ensuring liquidity, especially in a capital-intensive industry.

Lumax Auto Technologies Limited Business Overview & Revenue Model

Company Description

Lumax Auto Technologies Limited, together with its subsidiaries, manufactures and sells in automotive components in India. It offers integrated plastic modules; 2-wheeler chassis and swing arms; 3-wheeler trailing arms; 2/3 wheeler lighting products; gear shifters; sift towers; emission systems; seat frames; oxygen sensors; telematics products; antennas; on-board antennas; and electric devices and components. The company serves two, three, and four-wheeler commercial vehicle and off-road vehicle original equipment manufacturers. It also exports its products. The company was formerly known as Dhanesh Auto Electricals Limited and changed its name to Lumax Auto Technologies Limited in 2006. Lumax Auto Technologies Limited was incorporated in 1981 and is based in New Delhi, India.

How the Company Makes Money

LUMAXTECH generates revenue primarily through the sale of automotive components to OEMs and aftermarket retailers. Key revenue streams include the production of lighting systems, electronic components, and specialized automotive accessories. The company benefits from long-term contracts and partnerships with major automotive manufacturers, ensuring a consistent demand for its products. Additionally, LUMAXTECH invests in research and development to innovate new products, which can lead to increased sales and market share. The company also capitalizes on expanding markets, including electric vehicles and advanced driver-assistance systems (ADAS), further enhancing its revenue potential.

Lumax Auto Technologies Limited Financial Statement Overview

Summary

Lumax Auto Technologies shows strong financial performance with impressive revenue and profit growth. The balance sheet is stable with moderate leverage and efficient equity utilization. Cash flow generation is robust, though there is room to enhance free cash flow consistency.

Income Statement

Lumax Auto Technologies has demonstrated robust revenue growth with a significant increase over the past year. The gross profit margin and net profit margin have shown improvement, indicating enhanced operational efficiency. The EBIT and EBITDA margins are strong, reflecting effective cost management and profitability.

Balance Sheet

The company's balance sheet is solid with a reasonable debt-to-equity ratio, indicative of balanced leverage. The return on equity shows a positive trend, suggesting effective use of equity to generate profits. The equity ratio is stable, reflecting a healthy capital structure, although there is room for improvement in reducing liabilities.

Cash Flow

The cash flow statement reflects healthy operating cash flow relative to net income, indicating strong cash generation from operations. While the free cash flow has grown, the consistency of free cash flow generation could be enhanced. The company is effectively managing capital expenditures, contributing to positive free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	39.07B	36.37B	28.22B	18.47B	15.21B	11.08B
Gross Profit	13.79B	12.39B	9.81B	2.43B	4.10B	3.11B
EBITDA	5.46B	5.16B	4.14B	2.15B	1.62B	1.15B
Net Income	1.87B	1.78B	1.30B	928.75M	694.09M	471.30M
Balance Sheet
Total Assets	0.00	32.39B	25.99B	21.85B	11.39B	9.90B
Cash, Cash Equivalents and Short-Term Investments	2.77B	2.71B	3.25B	2.53B	2.07B	1.38B
Total Debt	0.00	9.02B	8.10B	6.64B	1.65B	984.01M
Total Liabilities	-12.93B	19.46B	15.86B	13.36B	5.34B	4.19B
Stockholders Equity	12.93B	9.35B	7.90B	6.62B	5.44B	5.31B
Cash Flow
Free Cash Flow	0.00	1.10B	1.62B	537.43M	359.54M	551.99M
Operating Cash Flow	0.00	2.90B	2.65B	1.37B	874.48M	981.90M
Investing Cash Flow	0.00	-2.16B	-2.49B	-4.76B	-653.53M	-758.40M
Financing Cash Flow	0.00	-532.55M	-397.99M	3.65B	96.56M	-426.50M

Lumax Auto Technologies Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1534.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 1534.35 is above the 20-day moving average (MA) of 1365.12, above the 50-day MA of 1263.65, and above the 200-day MA of 934.07, indicating a bullish trend. The MACD of 75.31 indicates Negative momentum. The RSI at 69.00 is Neutral, neither overbought nor oversold. The STOCH value of 91.26 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LGBBROSLTD	76 Outperform	₹57.93B	17.95	―	1.08%	14.37%	12.68%
LUMAXTECH	73 Outperform	₹81.72B	43.59	―	0.36%	36.70%	36.24%
VARROC	69 Neutral	₹95.64B	71.43	―	0.15%	7.38%	-73.62%
SHARDAMOTR	66 Neutral	₹62.16B	18.39	―	2.81%	6.96%	6.33%
THANGAMAYL	64 Neutral	₹94.53B	50.14	―	0.38%	35.04%	80.12%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Lumax Auto Technologies Limited Corporate Events

Lumax Auto Technologies Unveils Strategic Moves and Financial Results

Lumax Auto Technologies Limited announced several strategic decisions following a board meeting, including the issuance of a corporate guarantee to secure a loan for Lumax Yokowo Technologies Private Limited. The company also released its unaudited financial results for the second quarter and half-year, reappointed key managerial personnel, and approved a scheme of amalgamation with IAC International Automotive India Private Limited. Additionally, Lumax plans to invest in its subsidiary and acquire a stake in Power Pulse Trading Solutions Limited to qualify as a captive user for renewable energy, indicating a focus on sustainable energy solutions.

Lumax Auto Technologies Expands Operations and Strengthens Strategic Investments

Lumax Auto Technologies Limited announced the relocation of its accessory business to a new site in Pant Nagar, Uttarakhand, which is expected to enhance operational efficiency. The company also reported its unaudited financial results for the second quarter and half-year of 2025, alongside the re-appointment of key managerial personnel. Additionally, Lumax is pursuing strategic investments, including a significant stake in Power Pulse Trading Solutions Limited to support its renewable energy initiatives, and a corporate guarantee to secure financing for Lumax Yokowo Technologies Private Limited.

Lumax Auto Technologies Boosts Digital Capabilities with New Innovation Hub

Lumax Auto Technologies Limited has inaugurated its new Technology Centre, the ‘Smart Hub for Innovation and Future Trends’ (SHIFT), in Bengaluru. This facility is a strategic move to enhance the company’s electronics and digital capabilities, aligning with the global shift towards software-defined vehicles. The centre will focus on advanced research and product development, aiming to lead in intelligent, connected, and sustainable mobility solutions. The launch underscores Lumax’s commitment to innovation and technological leadership, positioning itself as a key player in the evolving automotive landscape.

Lumax Auto Technologies Discloses AGM Voting Results

Lumax Auto Technologies Limited has announced the voting results from its 44th Annual General Meeting, conducted via video conferencing on August 25, 2025. The meeting saw participation from 82 shareholders, including both promoters and the public. The results, along with the scrutinizer’s report, are available on the company’s website and the National Securities Depository Limited’s platform, marking a transparent approach to shareholder engagement and compliance with regulatory requirements.

Lumax Auto Technologies Concludes 44th AGM with Key Stakeholder Engagement

Lumax Auto Technologies Limited held its 44th Annual General Meeting on August 25, 2025, via video conferencing and other audio-visual means, in compliance with applicable regulations. The meeting, attended by 82 shareholders, including key directors and auditors, covered various business transactions as outlined in the AGM notice, reflecting the company’s adherence to corporate governance and stakeholder engagement practices.

Lumax Auto Technologies Announces Auditor Resignation for Subsidiary

Lumax Auto Technologies Limited announced the resignation of S.R. Batliboi & Co. LLP as the statutory auditors of its material subsidiary, IAC International Automotive India Private Limited, effective August 12, 2025. This change is part of the company’s strategy to align its subsidiary’s auditing process with that of the holding company, potentially impacting the auditing consistency and financial oversight within the organization.