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Lumax Industries Limited

Lumax Industries Limited

LUMAXIND.BO
Lumax Industries LimitedIN flagBombay Stock Exchange
5,442.00
INR
+14.85
- -
50.87BMarket Cap
Lumax Industries Limited
LUMAXIND.BO
(Bombay Stock Exchange)

Recent

price

5,427.15

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
926.69
1,053.9
1,144.88
1,194.62
1,222.29
1,342.76
1,355.48
1,763.37
1,977.58
1,711.25
1,523.45
1,870.53
2,477.95
2,814.8
3,637.63
4,476.04
4,476.07
Revenue per Share
19.23
13.71
14.53
8.24
17.73
55.66
58.16
76.34
111.04
76.91
19.42
43.57
110.27
118.76
149.67
184.5
184.5
Basic EPS, GAAP
5.06
-62.83
30.72
27.48
14.44
44.3
31.76
7.97
-50.07
-68.12
9.44
-22.99
18.3
-138.33
-120.3
88.93
- -
Free Cash Flow per Basic Share
3
6
6
4.5
3.5
17.5
- -
14.5
23
52.02
6.02
7.03
13.5
27
35
35
- -
Dividend per Share
25.56
30.91
10
42.01
47.78
124.67
175.77
222.93
289.42
301.8
316.73
350.23
448.03
537.38
651.87
10
10
Book Value per Share
162.4
166.5
176.08
181.78
190.11
271.04
327.12
382.6
459.47
460.93
477.04
507.37
604.67
699.56
808.25
963.17
963.18
Tangible Book Value per Share
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
Basic Weighted Avg Shares
8,662
9,852
10,702
11,167
11,426
12,552
12,671
16,484
18,486
15,996
14,241
17,485
23,163
26,312
34,004
41,842
41,842
Sales/Revenue/Turnover
4.6
2.33
2.82
1.39
2.12
4.1
4.71
5.4
5.72
6.54
3.69
4.59
6.06
5.33
4.88
6.06
5.58
Operating Margin (%)
240
237
316
366
362
379
414
479
603
635
645
637
799
928
1,133
1,517
1,517
Depreciation Expense
180
128
136
77
166
520
544
714
1,038
719
182
407
1,031
1,110
1,399
1,725
1,725
Net Income, GAAP
24.27
5.31
12.71
- -
- -
10.26
16.08
26.84
22.7
21.62
45.09
22.9
30.88
30.25
21.29
22.49
22.49
Effective Tax Rate (%)
2.07
1.3
1.27
0.69
1.45
4.14
4.29
4.33
5.61
4.49
1.27
2.33
4.45
4.22
4.11
4.12
4.12
Profit Margin (%)
-579
-958
-1,270
-1,519
-1,836
-1,972
-1,871
-2,569
-2,464
-3,023
-2,903
-2,729
-2,332
-3,054
-3,952
-4,950
-4,950
Working Capital
472
1,135
1,010
745
376
106
36
23
9
543
362
938
1,055
2,715
3,185
2,956
2,956
LT Debt
1,545
1,608
1,694
1,733
1,803
2,559
3,091
3,620
4,349
4,465
4,604
4,917
5,836
6,715
7,743
9,175
9,175
Total Equity
12.8
8.17
8.77
- -
- -
13.61
12.77
15.05
15.77
12.04
3.63
7.33
10.18
8.12
8.56
11.06
10.19
Return on Invested Capital (%)
23.95
18.09
19.22
- -
- -
31.19
25.3
26.92
32.05
17.14
5.35
8.4
15.64
13.92
14.46
18.54
18.54
Return on Capital (%)
108.13
48.55
71.05
31.67
39.49
64.55
38.72
38.29
43.34
26.02
6.28
13.06
27.63
24.1
25.17
55.75
55.75
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
6,860
- -
6,775
LT Borrowings
1,861
- -
1,447
LT Finance Leases
1,172
- -
1,510
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
- -
9
Market Capitalization
47,182
48,816
43,386

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
13,269
- -
15,762
Cash, Cash Equivalents & STI
744
- -
1,122
Accounts Receivable, Net
5,059
- -
6,300
Inventories
5,760
- -
6,431
Total Current Liabilities
18,348
- -
20,712
Payables & Accruals
- -
- -
- -
ST Debt
6,860
- -
6,775
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.82%
14.87%
18.5%
Free Cash Flow
-247.53%
-313.18%
-173.92%
Net Income, GAAP
31.02%
66.89%
23.27%
Sales/Revenue/Turnover
13.99%
24.22%
23.05%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,184
6,438
6,317
7,373
26,312
2025
7,658
8,118
8,871
9,234
34,004
2026
9,225
10,086
10,527
12,003
41,842

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
24.73
28.08
27.37
- -
118.76
2025
36.56
30.25
35.82
47.04
149.67
2026
38.71
38.13
49.79
57.87
184.5

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
27
2025
- -
- -
- -
- -
35
2026
- -
- -
- -
- -
35
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Business
Lumax Industries Limited Lumax Industries Limited manufactures and supplies automotive lighting systems and components primarily to original equipment manufacturers in the Indian market. The company offers a comprehensive portfolio of products including headlamps, tail lamps, fog lamps, auxiliary lamps, indicators, high mount stop lights, daytime running lamps, adaptive driving beam systems, LED side indicators, rear lighting systems, sundry lamps, interior lighting, HVAC panels, and other electronic components for two-wheelers, four-wheelers, commercial vehicles, trucks, buses, earth-movers, tractors, and off-road vehicles. Founded in 1945 and headquartered in Gurugram, Haryana, India, Lumax Industries operates twelve ultra-modern manufacturing facilities across India near key OEM hubs, supported by two advanced R&D centers in India and global design centers in Taiwan and the Czech Republic; it maintains a strategic technical collaboration with Stanley Electric Co. Ltd., Japan, and serves major OEMs such as Maruti Suzuki, Hero MotoCorp, Honda, Mahindra & Mahindra, Tata Motors, Toyota, TVS, Royal Enfield, Ashok Leyland, and others, holding over 60% market share in Indian automotive lighting. Recent developments include a May 2025 board approval for an investment of approximately Rs. 1.49 crore to acquire a stake in a yet-to-be-incorporated subsidiary of AMPIN C&I Private Limited, alongside strategic stakes in Clean Max Nabia Private Limited and Huoban Energy 5 Private Limited to secure renewable energy access, reflecting its expansion into sustainable operations; the company reported revenue of Rs. 3,400 crore in FY2025 with a workforce exceeding 7,000. Lumax Industries, listed on the BSE and NSE, focuses on innovation in lighting technologies while committing to corporate social responsibility through the Lumax Charitable Foundation's education and healthcare initiatives for underserved communities.