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Lumax Auto Technologies Limited
(LUMAXTECH)
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Rating:58Neutral
Price Target:
₹1,519.00
▼(-8.17% Downside)
Action:Reiterated
Date:05/31/26
The score is primarily supported by strong growth and solid profitability, but is meaningfully constrained by weak free-cash-flow conversion alongside higher leverage. Technicals are moderately positive (price above major averages) but not strongly bullish due to soft MACD, while the high P/E and low yield further cap the overall score.
Positive Factors
Strong revenue expansion
A 41%+ step-up in reported revenue demonstrates durable OEM demand wins and scale across platform programs. Higher volumes enhance fixed-cost absorption and bargaining power with suppliers, supporting sustainable top-line growth if OEM nominations and vehicle production remain intact.
Negative Factors
Rising leverage
A sixfold increase in absolute debt and debt roughly at parity with equity materially reduces financial flexibility. Higher leverage increases interest and refinancing risk, constraining the company’s ability to fund capex, absorb downturns in OEM production, or pursue opportunistic investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue expansion
A 41%+ step-up in reported revenue demonstrates durable OEM demand wins and scale across platform programs. Higher volumes enhance fixed-cost absorption and bargaining power with suppliers, supporting sustainable top-line growth if OEM nominations and vehicle production remain intact.
Read all positive factors
Lumax Auto Technologies Limited (LUMAXTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹99.53B
Dividend Yield0.35%
Average Volume (3M)16.65K
Price to Earnings (P/E)34.7
Beta (1Y)1.22
Revenue Growth33.92%
EPS Growth56.87%
CountryIN
Employees2,548
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)40.92
Shares Outstanding68,157,710
10 Day Avg. Volume12,802
30 Day Avg. Volume16,651
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)57.13
Revenue Forecast (FY)₹58.79B
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 makes money primarily by selling automotive components and modules to vehicle manufacturers (OEMs) and, where applicable, to the replacement (aftermarket) channel. Its core revenue model is B2B supply: it wins vehicle platf...
Lumax Auto Technologies Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
62
Positive
Cash Flow
48
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 48.70B | 34.40B | 27.61B | 17.86B | 14.80B |
| Gross Profit | 9.53B | 10.11B | 8.84B | 4.94B | 4.10B |
| EBITDA | 6.90B | 5.15B | 4.13B | 2.15B | 1.61B |
| Net Income | 2.79B | 1.78B | 1.30B | 928.75M | 694.09M |
Balance Sheet | |||||
| Total Assets | 39.47B | 32.39B | 25.99B | 21.85B | 11.39B |
| Cash, Cash Equivalents and Short-Term Investments | 3.46B | 2.71B | 3.25B | 2.53B | 2.07B |
| Total Debt | 12.31B | 9.02B | 8.10B | 6.64B | 1.65B |
| Total Liabilities | 24.71B | 19.46B | 15.86B | 13.36B | 5.34B |
| Stockholders Equity | 12.10B | 9.35B | 7.90B | 6.62B | 5.44B |
Cash Flow | |||||
| Free Cash Flow | 1.20B | 1.10B | 1.62B | 537.43M | 359.54M |
| Operating Cash Flow | 3.68B | 2.90B | 2.65B | 1.37B | 874.48M |
| Investing Cash Flow | -5.12B | -2.16B | -2.49B | -4.76B | -653.53M |
| Financing Cash Flow | 1.54B | -532.55M | -397.99M | 3.65B | 96.56M |
Lumax Auto Technologies Limited Technical Analysis
Negative
1654.10
Price Trends
1606.87
Negative
1623.64
Negative
1514.25
Negative
Market Momentum
-44.05
Positive
38.73
Neutral
39.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LUMAXTECH, the sentiment is Negative. The current price of 1654.1 is above the 20-day moving average (MA) of 1527.56, above the 50-day MA of 1606.87, and above the 200-day MA of 1514.25, indicating a bearish trend. The MACD of -44.05 indicates Positive momentum. The RSI at 38.73 is Neutral, neither overbought nor oversold. The STOCH value of 39.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹1.21T | 43.45 | ― | 1.42% | 10.77% | 37.61% | |
63 Neutral | ₹49.73B | 28.11 | ― | 0.62% | 23.50% | 23.27% | |
63 Neutral | ₹100.69B | 43.98 | ― | 0.16% | 9.03% | 267.59% | |
62 Neutral | ₹263.21B | 42.46 | ― | 1.24% | 23.15% | -17.34% | |
58 Neutral | ₹99.53B | 34.69 | ― | 0.35% | 33.92% | 56.87% | |
58 Neutral | ₹664.29B | 55.57 | ― | 0.17% | 17.19% | 26.45% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:LUMAXTECH
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Lumax Auto Technologies Limited Corporate Events
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...
Lumax Auto Technologies Schedules Q4 and FY 2026 Earnings Call for June 1
May 25, 2026
Lumax Auto Technologies Limited has announced that it will host an earnings call for investors and the general public on June 1, 2026, at 3:00 p.m. IST to discuss its operational and financial performance for the quarter and full year ended March ...
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.