Lumax Auto Technologies Limited (IN:LUMAXTECH)
:LUMAXTECH
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Lumax Auto Technologies Limited
(LUMAXTECH)
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Rating:66Neutral
Price Target:
₹1,941.00
▲(17.34% Upside)
Action:DowngradedDate:03/05/26
The score is primarily supported by strong financial performance (growth, improving margins, solid cash generation). This is offset by a mixed technical picture with weak near-term momentum and a valuation that looks expensive relative to the low dividend yield.
Positive Factors
Robust Revenue Growth
Sustained ~40% reported revenue growth and improved income-statement metrics indicate the company is consistently winning OEM program content and scaling production. That durable top-line expansion strengthens bargaining power, spreads fixed costs and supports longer-term margin improvement across programs.
Negative Factors
OEM Concentration & Nomination Risk
Revenue is tightly linked to winning and retaining OEM platform nominations; high customer concentration makes results sensitive to a few OEM program decisions. Loss of a nomination or model volume cut can materially reduce revenue and idle specialized tooling, a structural business risk over quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust Revenue Growth
Sustained ~40% reported revenue growth and improved income-statement metrics indicate the company is consistently winning OEM program content and scaling production. That durable top-line expansion strengthens bargaining power, spreads fixed costs and supports longer-term margin improvement across programs.
Read all positive factors
Lumax Auto Technologies Limited (LUMAXTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹121.32B
Dividend Yield0.35%
Average Volume (3M)16.65K
Price to Earnings (P/E)31.9
Beta (1Y)1.24
Revenue Growth36.70%
EPS Growth36.24%
CountryIN
Employees2,226
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)12.10
Shares Outstanding68,157,710
10 Day Avg. Volume12,802
30 Day Avg. Volume16,651
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)3.96
Price to Sales (P/S)1.08
P/FCF Ratio33.61
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)60.25
Revenue Forecast (FY)₹56.67B
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 produc...
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
85
Very Positive
Balance Sheet
75
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.24B | 34.40B | 27.61B | 17.86B | 14.80B | 10.94B |
| Gross Profit | 12.21B | 10.11B | 8.84B | 4.94B | 4.10B | 3.11B |
| EBITDA | 5.99B | 5.15B | 4.13B | 2.15B | 1.61B | 1.15B |
| Net Income | 2.11B | 1.78B | 1.30B | 928.75M | 694.09M | 471.30M |
Balance Sheet | ||||||
| Total Assets | 35.63B | 32.39B | 25.99B | 21.85B | 11.39B | 9.90B |
| Cash, Cash Equivalents and Short-Term Investments | 3.52B | 2.71B | 3.25B | 2.53B | 2.07B | 1.38B |
| Total Debt | 11.11B | 9.02B | 8.10B | 6.64B | 1.65B | 984.01M |
| Total Liabilities | 22.93B | 19.46B | 15.86B | 13.36B | 5.34B | 4.19B |
| Stockholders Equity | 10.55B | 9.35B | 7.90B | 6.62B | 5.44B | 5.31B |
Cash Flow | ||||||
| Free Cash Flow | 1.81B | 1.10B | 1.62B | 537.43M | 359.54M | 551.99M |
| Operating Cash Flow | 3.22B | 2.90B | 2.65B | 1.37B | 874.48M | 981.90M |
| Investing Cash Flow | -3.95B | -2.16B | -2.49B | -4.76B | -653.53M | -758.40M |
| Financing Cash Flow | 841.06M | -532.55M | -397.99M | 3.65B | 96.56M | -426.50M |
Lumax Auto Technologies Limited Technical Analysis
Positive
1654.10
Price Trends
1605.66
Positive
1551.33
Positive
1355.23
Positive
Market Momentum
61.61
Negative
61.35
Neutral
77.83
Neutral
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 1654.1 is above the 20-day moving average (MA) of 1638.65, above the 50-day MA of 1605.66, and above the 200-day MA of 1355.23, indicating a bullish trend. The MACD of 61.61 indicates Negative momentum. The RSI at 61.35 is Neutral, neither overbought nor oversold. The STOCH value of 77.83 is Neutral, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹55.29B | 16.13 | ― | 1.07% | 14.37% | 12.68% | |
69 Neutral | ₹82.07B | -220.37 | ― | 0.16% | 7.38% | -73.62% | |
66 Neutral | ₹48.66B | 16.59 | ― | 2.75% | 6.96% | 6.33% | |
66 Neutral | ₹121.32B | 31.91 | ― | 0.35% | 36.70% | 36.24% | |
66 Neutral | ₹132.20B | 23.90 | ― | 0.37% | 35.04% | 80.12% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
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Lumax Auto Technologies Limited Corporate Events
Lumax Auto Technologies’ Amalgamation with Lumax Ancillary Becomes Effective
Mar 31, 2026
Lumax Auto Technologies Limited announced that the Scheme of Amalgamation with its group entity Lumax Ancillary Limited has become effective following the filing of the National Company Law Tribunal’s sanction order with the Registrar of Com...
Lumax Auto Technologies Elevates HR Leadership With New CHRO Appointment
Mar 5, 2026
Lumax Auto Technologies has reshaped its senior management by appointing Pooja Minocha as Senior Vice President and Chief Human Resource Officer, effective 5 March 2026, following a board decision based on the Nomination and Remuneration Committee...
Lumax Auto Tech Reshapes Senior Management With New CHRO Appointment
Mar 5, 2026
Lumax Auto Technologies has reshaped its senior management structure by appointing Ms. Pooja Minocha as Senior Vice President and Chief Human Resource Officer, effective March 5, 2026, following a board approval based on the Nomination and Remuner...
Lumax Auto Tech Moves Closer to Amalgamation With Ancillary Unit as NCLT Reserves Order
Feb 27, 2026
Lumax Auto Technologies Limited has notified stock exchanges that the National Company Law Tribunal’s New Delhi bench has allowed and reserved its second motion petition for the proposed amalgamation of Lumax Ancillary Limited with Lumax Aut...
Lumax Auto Technologies Schedules Analyst and Investor Plant Visit in Pune
Feb 21, 2026
Lumax Auto Technologies has announced that PhillipCapital will host a plant visit for a group of analysts and institutional investors on February 27, 2026, at the Chakan, Pune plant of its wholly owned material subsidiary, IAC International Automo...
Lumax Auto Tech GST Demand Cut, Firm Plans Further Appeal
Feb 19, 2026
Lumax Auto Technologies has received an Order-in-Appeal from the Joint Commissioner of State Tax, Pune Division-2, partly allowing its first appeal against a previous GST adjudication for the April 2019 to March 2020 period. The tax demand, includ...
Lumax Auto Tech to Join Philip Capital Non-Deal Investor Roadshow in Mumbai
Feb 6, 2026
Lumax Auto Technologies Limited has notified the stock exchanges that its representatives will participate in a non-deal investors roadshow organized by Philip Capital in Mumbai on February 19, 2026, holding physical one-to-one meetings with analy...
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.